[The Titan by Theodore Dreiser]@TWC D-Link bookThe Titan CHAPTER XXII 11/18
of this stock for ninety-nine years and would guarantee a satisfactory rate of interest on all the stock as it stood, besides inaugurating a forward policy, why not let them? It would be just as good as mortgaging the soul out of the old property, and the management was of no value, anyhow.
Kaffrath could not see how fortunes were to be made for these new investors out of subsidiary construction and equipment companies, in which Cowperwood would be interested, how by issuing watered stock on the old and new lines the latter need scarcely lay down a dollar once he had the necessary opening capital (the "talking capital," as he was fond of calling it) guaranteed.
Cowperwood and Addison had by now agreed, if this went through, to organize the Chicago Trust Company with millions back of it to manipulate all their deals.
Kaffrath only saw a better return on his stock, possibly a chance to get in on the "ground plan," as a new phrase expressed it, of the new company. "That's what I've been telling these fellows for the past three years," he finally exclaimed to Addison, flattered by the latter's personal attention and awed by his great influence; "but they never have been willing to listen to me.
The way this North Side system has been managed is a crime.
<<Back Index Next>> D-Link book Top TWC mobile books
|