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981
He
was
already
conducting
one
such
difficult
campaign
in
connection
with
this
city-loan
deal
,
the
price
of
which
varied
from
day
to
day
,
and
which
he
was
only
too
anxious
to
have
vary
,
for
in
the
main
he
profited
by
these
changes
.
982
But
this
second
burden
,
interesting
enough
as
it
was
,
meant
that
he
had
to
be
doubly
watchful
.
Once
the
stock
was
sold
at
a
high
price
,
the
money
borrowed
from
the
city
treasurer
could
be
returned
;
his
own
holdings
created
out
of
foresight
,
by
capitalizing
the
future
,
by
writing
the
shrewd
prospectuses
and
reports
,
would
be
worth
their
face
value
,
or
little
less
.
He
would
have
money
to
invest
in
other
lines
.
He
might
obtain
the
financial
direction
of
the
whole
,
in
which
case
he
would
be
worth
millions
.
One
shrewd
thing
he
did
,
which
indicated
the
foresight
and
subtlety
of
the
man
,
was
to
make
a
separate
organization
or
company
of
any
extension
or
addition
which
he
made
to
his
line
.
Thus
,
if
he
had
two
or
three
miles
of
track
on
a
street
,
and
he
wanted
to
extend
it
two
or
three
miles
farther
on
the
same
street
,
instead
of
including
this
extension
in
the
existing
corporation
,
he
would
make
a
second
corporation
to
control
the
additional
two
or
three
miles
of
right
of
way
.
This
corporation
he
would
capitalize
at
so
much
,
and
issue
stocks
and
bonds
for
its
construction
,
equipment
,
and
manipulation
.
Having
done
this
he
would
then
take
the
sub-corporation
over
into
the
parent
concern
,
issuing
more
stocks
and
bonds
of
the
parent
company
wherewith
to
do
it
,
and
,
of
course
,
selling
these
bonds
to
the
public
.
983
Even
his
brothers
who
worked
for
him
did
not
know
the
various
ramifications
of
his
numerous
deals
,
and
executed
his
orders
blindly
.
Sometimes
Joseph
said
to
Edward
,
in
a
puzzled
way
,
"
Well
,
Frank
knows
what
he
is
about
,
I
guess
.
"
Отключить рекламу
984
On
the
other
hand
,
he
was
most
careful
to
see
that
every
current
obligation
was
instantly
met
,
and
even
anticipated
,
for
he
wanted
to
make
a
great
show
of
regularity
.
Nothing
was
so
precious
as
reputation
and
standing
.
His
forethought
,
caution
,
and
promptness
pleased
the
bankers
.
They
thought
he
was
one
of
the
sanest
,
shrewdest
men
they
had
ever
met
.
985
However
,
by
the
spring
and
summer
of
1871
,
Cowperwood
had
actually
,
without
being
in
any
conceivable
danger
from
any
source
,
spread
himself
out
very
thin
.
Because
of
his
great
success
he
had
grown
more
liberal
--
easier
--
in
his
financial
ventures
.
By
degrees
,
and
largely
because
of
his
own
confidence
in
himself
,
he
had
induced
his
father
to
enter
upon
his
street-car
speculations
,
to
use
the
resources
of
the
Third
National
to
carry
a
part
of
his
loans
and
to
furnish
capital
at
such
times
as
quick
resources
were
necessary
.
In
the
beginning
the
old
gentleman
had
been
a
little
nervous
and
skeptical
,
but
as
time
had
worn
on
and
nothing
but
profit
eventuated
,
he
grew
bolder
and
more
confident
.
986
"
Frank
,
"
he
would
say
,
looking
up
over
his
spectacles
,
"
are
n't
you
afraid
you
're
going
a
little
too
fast
in
these
matters
?
You
're
carrying
a
lot
of
loans
these
days
.
"
987
"
No
more
than
I
ever
did
,
father
,
considering
my
resources
.
Отключить рекламу
988
You
ca
n't
turn
large
deals
without
large
loans
.
You
know
that
as
well
as
I
do
.
"
989
"
Yes
,
I
know
,
but
--
now
that
Green
and
Coates
--
are
n't
you
going
pretty
strong
there
?
"
990
"
Not
at
all
.
I
know
the
inside
conditions
there
.
The
stock
is
bound
to
go
up
eventually
.
I
'll
bull
it
up
.
I
'll
combine
it
with
my
other
lines
,
if
necessary
.
"