New York - The Novel
They’ll bid up the price of the shares. But there will be scarcely any shares to be bought.
“In fact, my agents will sell them a few of my own shares, to keep things lively. But not nearly as many as they will need. The market will see. The market will become excited. And then the market will remember something else. It will remember because my agents will be pointing it out. ‘If Gabriel Love gets control of the Hudson Ohio,’ they’ll say, ‘then he’ll join the Niagara to it, and the value of the Niagara Railroad will multiply many times.’ While MacDuff’s men are scouring the market for Hudson Ohio shares, the share price of Niagara will go up like a rocket. It’s a good bet, after all. And during that time, I shall sell my Niagara shares. By day’s end, I expect to be out of it.”
“And during this time, you want me to do nothing?” said Master.
“You will not be here, you will know nothing. But following our previous meeting, you have already left secret instructions with your broker.”
“If the price of Hudson Ohio ever passes one twenty, he’s to sell half of them for the best price he can get.”
“Reasonable instructions, such as any investor might leave. And I think they’ll go much higher. By that time the whole market will be after those shares. Nobody’s going to know what’s going on. I shall be selling my own shares too. We’ll both have a handsome profit, Mr. Master. Very handsome indeed.”
“It’s beautiful,” said Sean.
“Its beauty,” said Mr. Love benevolently, “is that everybody gets what he wants. I shall be out of the market with a big profit. Mr. Master here will have a profit too, with no risk. Even the people who bought Niagara will do well. Because once he discovers I’m out of it, Mr. MacDuff will have no reason not to do the obvious thing, and join the Niagara to the Hudson Ohio, giving value to their shares. Even MacDuff will have what he wants, because he will surely end the day with an absolute controlling interest in the Hudson Ohio.” And here Mr. Love’s watery blue eyes not only grew hard, but seemed miraculously to narrow, until his whole face, instead of resembling Santa Claus, reminded you of a large, white rat. “But,” he whispered, “he will have paid me through the nose to get it.”
A brief silence followed. Then three waiters appeared, bearing three plates of lobster Newburg. Delmonico’s was famous for it.
“I shall say grace,” said Gabriel Love. And putting his fingers together,he gently prayed: “Oh Lord, we thank Thee for this Thy gift of lobster Newburg. And grant us also, if it be Thy will, control of the Hudson Ohio Railroad.”
“But we ain’t wanting control of the Hudson Ohio,” Sean softly objected.
“True,” said Gabriel Love, “but the Almighty doesn’t need to know that yet.”
Was it all right? It seemed to be. Frank glanced at Sean for reassurance. Sean smiled at him.
“What I like,” said Sean, “is that it’s all perfectly legal. You buy shares, MacDuff panics, the market gets excited, you and Master sell at a profit. Nothing wrong with any of that. And it’ll work. So long as MacDuff doesn’t smell a rat.”
“That’s why I waited until he was away,” said Gabriel Love. “If he could walk into Master’s office and confront him face to face, if he could even reach him by telegraph, my plan falls to the ground. But if he can’t, then he must be uncertain, and uncertainty breeds fear. He will be off balance as well. It’s his favorite granddaughter that’s getting married and MacDuff is an emotional man.” He sighed. “Human nature, gentlemen. It is original sin that leads men to misfortune, every time.” He gazed at them both, serenely. “I am a speculator in the market, gentlemen, and that is part of God’s plan. Men only learn through suffering. So I punish human weakness, and God rewards me.”
“Amen,” said Sean O’Donnell with a grin.
They had finished their lobster. Charlotte russe was proposed, and accepted, to be followed by brandied pears. The conversation turned to the theater, and from there to horse racing. A French dessert wine was served. Frank felt a little unwell; his brow was clammy. He decided he was eating too much, and held back when an extra portion of the charlotte russe was offered.
“So,” Sean was saying to Gabriel Love, “after this trick, what are you going to do next?”
“Next?” Mr. Love surveyed the table placidly. “Nothing,
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