WALLINGFORD IS FROZEN OUT OF THE MANAGEMENT
OF HIS OWN COMPANY
In the old game of "pick or poe" one boy held out a pin, concealed
between his fingers, and the other boy guessed whether the head or
point was toward him. It was a great study in psychology. The boy who
held the pin had to do as much guessing as the other one. Having held
forward heads the first time, should he reverse the pin the second
time, or repeat heads? In so far as one of the two boys correctly
gaged the elaborateness of the other's mental process he was winner.
At the age when he played this game Wallingford usually had all the
pins in school. Now he was out-guessing the Doc Turner crowd. He had
foreseen every step in their mental process; he had foreseen that
they would start an opposition company; he had foreseen their
extravagant belief in his "pull," knowing what he did of their
previous experience, and he had foreseen that now they would offer
to buy up the stock held by his office force, so as to secure control,
before opening fresh negotiations for the stock he had offered them.
That very night Doc Turner called at the house of Billy Whipple to ask
where he could get a good bird-dog, young Whipple being known as a
gifted amateur in dogs. Billy, nothing loath, took Doc out to the
kennel, where, by a fortunate coincidence, of which Mr. Turner had
known nothing, of course, he happened to have a fine set of puppies.
These Mr. Turner admired in a more or less perfunctory fashion.
"By the way, Billy," he by and by inquired, "how do you like your
position?"
"Oh, so-so," replied Billy. "The job looks good to me. Wallingford has
started a very successful business."
"How much does he pay you?"
Billy reflected. It was easy enough to let a lie slip off his tongue,
but Turner had access to the books.
"Twenty-five dollars a week," he said.
"You owe a lot to Wallingford," observed Mr. Turner. "It's the best
pay you ever drew."
"Yes, it is pretty good," admitted Billy; "but I don't owe Wallingford
any more than I owe myself."
In the dark Mr. Turner slowly placed his palms together.
"You're a bright boy," said Mr. Turner. "Billy, I don't like to see a
stranger come in here and gobble up the community's money. It ought
to stay in the hands of home folks. I'd like to get control of that
business. If you'll sell me your share of stock I might be able to
handle it, and if I can I'll advance your wages to thirty-five dollars
a week."
"You're a far pleasanter man than Wallingford," said Billy amiably.
"You're a smarter man, a better man, a handsomer man! When do we start
on that thirty-five?"
"Very quickly, Billy, if you feel that way about it." And the friction
of Mr. Turner's palms was perfectly audible. "Then I can have your
share of stock?"
"You most certainly can, and I'll guarantee to buy up three other
shares in the office if you want them."
"Good!" exclaimed Turner, not having expected to accomplish so much of
his object so easily. "The minute you lay me down those four shares
I'll hand you four hundred dollars."
"Eight," Billy calmly corrected him. "Those shares are worth a hundred
dollars apiece any place now. Mine's worth more than two hundred to
me."
"Nonsense," protested the other. "Tell you what I'll do, though. I'll
pay you two hundred dollars for your share and a hundred dollars
apiece for the others."
"Two," insisted Billy. "We've talked it all over in the office, and
we've agreed to pool our stock and stand out for two hundred apiece,
if anybody wants it. As a matter of fact, I have all four shares in my
possession at this moment," and he displayed the certificates, holding
up his lantern so that Turner could see them.
The sight of the actual stock, the three other shares which the astute
Billy had secured on the promise of a hundred and fifty dollars per
share immediately after Wallingford's pointer, clenched the business.
It was scarcely as much a shock to Wallingford as the Turner crowd had
expected it to be when those gentlemen, having purchased four hundred
and ninety-nine shares of Wallingford's stock at his own price, sat
in the new stock-holders' meeting, at the reorganization upon which
they had insisted, with five hundred and three shares, and J. Rufus
made but feeble protest when the five of them, voting themselves into
the directorate, decided to put the founder of the company on an
extremely meager salary as assistant manager, and Mr. Turner on a
slightly larger salary as chief manager.
"There's no use of saying anything," he concluded philosophically.
"You gentlemen have played a very clever game and I lose; that's all
there is to it."
He thereupon took up the burden of the work and pushed through the
matter of new memberships and of collections with a vigor and ability
that could not but commend itself to his employers. The second week's
collections were now coming in, and it was during the following week
that a large hollow wheel with a handle and crank, mounted on an axle
like a patent churn, was brought into the now vacated room of the
defunct People's Cooperative Bond and Loan Company.
"What's this thing for?" asked Wallingford, inspecting it curiously.
"The drawing," whispered Doc Turner.
"What drawing?"
"The loans."
"You don't mean to say that you're going to conduct this as a
lottery?" protested Wallingford, shocked and even distressed.
"Sh! Don't use that word," cautioned Turner. "Not even among
ourselves. You might use it in the wrong place some time."
"Why not use the word?" Wallingford indignantly wanted to know.
"That's what you're preparing to do! I told you in the first place
that this was not by any means to be considered as a lottery; that it
was not to have any of the features of a lottery. Moreover, I shall
not permit it to be conducted as a lottery!"
Doc Turner leaned against the side of the big wooden wheel and stared
at Wallingford in consternation.
"What's the matter with you?" he demanded. "Have you gone crazy, or
what?"
"Sane enough that I don't intend to be connected with a lottery! I
have conscientious scruples about it."
"May I ask, then, how you propose to decide these so-called loans?"
inquired Turner, with palm-rubbing agitation.
"Examine the records of the men who have made application," explained
Wallingford; "find out their respective reputations for honesty,
reliability and prompt payment, and place the different loans,
according to that information, in as many different towns as
possible."
Doc Turner gazed at him in scorn for a full minute.
"You're a damned fool!" he declared. "Why, you yourself intended to
conduct this as a secret society, and I had intended to have
representatives from at least three of the lodges attend each
drawing."
To this Wallingford made no reply, and Turner, to ease his mind,
locked the door on the lottery-wheel and went in to open the mail. It
always soothed him to take money from envelopes. A great many of the
letters pertaining to the business of the company were addressed to
Wallingford in person, and Turner slit open all such letters as a
matter of course. Half-way down the pile he opened one, addressed to
Wallingford, which made him gasp and re-read. The letter read:
DEAR JIM:
They have found out your new name and where you are, and
unless you get out of town on the first train they'll
arrest you sure. I don't need to remind you that they don't
hold manslaughter as a light offense in Massachusetts.
Let me know your new name and address as soon as you have
got safely away.
YOUR OLD PAL.
Doc Turner's own fingers were trembling as he passed this missive to
Wallingford, whose expectant eyes had been furtively fixed upon the
pile of letters for some time.
"Too bad, old man," said Turner, tremulously aghast. "Couldn't help
reading it."
"My God!" exclaimed Wallingford most dramatically. "It has come at
last, just as I had settled down to lead a quiet, decent, respectable
life, with every prospect in my favor!" He sprang up and looked at his
watch. "I'll have to move on again!" he dismally declared; "and I
suppose they'll chase me from one cover to another until they finally
get me; but I'll never give up! Please see what's coming to me, Mr.
Turner; you have the cash in the house to pay me, I know; and kindly
get my stock certificates from the safe."
Slowly and thoughtfully Turner took from the safe Wallingford's four
hundred and ninety-seven shares of stock, in four certificates of a
hundred shares each, one of fifty and one of forty-seven. Wallingford
hurried them into an envelope, sitting down to write the address upon
it.
"What are you going to do with those?" asked Turner with a thoughtful
frown.
"Send them to my friend in Boston and have him sell them for what he
can get," replied Wallingford with a sigh. "If the purchasers send any
one here to find out about the business, you'll, of course, give them
every facility for investigation."
"To be sure; to be sure," returned Turner. "But, say--"
He paused a moment, and Wallingford, in the act of writing a hasty
note to go with the stock certificates, hesitated, his pen poised just
above the paper.
"What is it?" he asked.
"You'll probably have to sell those shares at a sacrifice,
Wallingford."
"I have no doubt," he admitted.
Doc Turner's palms rubbed out a slow decision while Wallingford
scratched away at his letter.
"Um-m-m-m-m-m-m--I say!" began Turner gropingly. "Rather than have
those shares fall into the hands of strangers we might possibly make
you an offer for them ourselves. Wait till I see Squinch."
He saw Squinch, he saw Tom Fester, he telephoned to Andy Grout, and
the four of them gathered in solemn conclave. The consensus of the
meeting was that if they could secure Wallingford's shares at a low
enough figure it was a good thing. Not one man among them but had
regretted deeply the necessity of sharing any portion of the earnings
of the company with Wallingford, or with one another, for that matter.
Moreover, new stock-holders might "raise a rumpus" about their methods
of conducting the business, as Wallingford had started to do. Gravely
they called Wallingford in.
"Wallingford," said Mr. Squinch, showing in his very tone his
disrespect for a criminal, "Mr. Turner has acquainted us with the fact
that you are compelled to leave us, and though we already have about
as large a burden as we can conveniently carry, we're willing to allow
you five thousand dollars for your stock."
"For four hundred and ninety-seven shares! Nearly fifty thousand
dollars' worth!" gasped Wallingford, "and worth par!"
"It is a debatable point," said Mr. Squinch, placing his finger-tips
together, and speaking with cold severity, "as to whether that stock
is worth par or not at the present moment. I should say that it is
not, particularly the stock that _you_ hold."
"Even at a sacrifice," insisted Wallingford, "my friend ought to be
able to get fifty dollars a share for me."
"You must remember, Mr. Wallingford," returned the severe voice, "that
you are not so free to negotiate as you seemed to be an hour or so
ago. In a word, you are a fugitive from justice, and I don't know,
myself, but what our duty, anyhow, would be to give you up."
Not one man there but would have done it if it had been to his
advantage.
"You wouldn't do that!" pleaded Wallingford, most piteously indeed.
"Why, gentlemen, the mere fact that I am in life-and-death need of
every cent I can get ought to make you more liberal with me;
particularly in view of the fact that I made this business, that I
built it up, and that all its profits that you are to reap are due to
me. Why, at twenty thousand the stock would be a fine bargain."
This they thoroughly believed--but business is business!
"Utterly impossible," said Mr. Squinch.
The slyly rubbing palms of Mr. Turner, the down-shot lines of Andy
Grout's face, the compressed lips of Tom Fester, all affirmed Mr.
Squinch's decided negative.
"Give me fifteen," pleaded Wallingford. "Twelve--ten."
They would not. To each of these proposals they shook emphatic heads.
"Very well," said Wallingford, and quietly wrote an address on the
envelope containing his certificates. He tossed the envelope on the
postal scales, sealed it, took stamps from his drawer and pasted them
on. "Then, gentlemen, good day."
"Wait a minute," hastily protested Mr. Squinch. "Gentlemen, suppose we
confer a minute."
Heads bent together, they conferred.
"We'll give you eight thousand dollars," said Squinch as a result of
the conference. "We'll go right down and draw it out of the bank in
cash and give it to you."
There was not a trace of hesitation in Wallingford.
"I've made my lowest offer," he said. "Ten thousand or I'll drop these
in the mail box."
They were quite certain that Wallingford meant business, as indeed he
did. He had addressed the envelope to Blackie Daw and he was quite
sure that he could make the shares worth at least ten thousand.
Once more they conferred.
"All right," agreed Mr. Squinch reluctantly. "We'll do it--out of
charity."
"I don't care what it's out of, so long as I get the money," said
Wallingford.
In New York, where Wallingford met Blackie Daw by appointment, the
latter was eager to know the details.
"The letter did the business, I suppose, eh, Wallingford?"
"Fine and dandy," assented Wallingford. "A great piece of work, and
timed to the hour. I saw the envelope in that batch of mail before I
made my play."
"Manslaughter!" shrieked Blackie by and by. "On the level, J. Rufus,
did you ever kill anything bigger than a mosquito?"
"I don't know. I think I made quite a sizable killing down in Doc
Turner's little old town," he said complacently.
"I don't think so," disputed Blackie thoughtfully. "I may be a
cheese-head, but I don't see why you sold your stock, anyhow. Seems to
me you had a good graft there. Why didn't you hold on to it? It was a
money-maker."
"No," denied Wallingford with decision. "It's an illegal business,
Blackie, and I won't have anything to do with an illegal business. The
first thing you know that lottery will be in trouble with the federal
government, and I'm on record as never having conducted any part of it
after it became a lottery. Another thing, in less than a year that
bunch of crooks will be figuring on how to land the capital prize for
themselves under cover. No, Blackie, a quick turn and legal safety for
mine, every time. It pays better. Why, I cleaned up thirty thousand
dollars net profit on this in three months! Isn't that good pay?"
"It makes a crook look like a fool," admitted Blackie Daw.