Cord and Creese Part 62

"California!" said Potts, thoughtfully. "I should like to try that above all things. It has a good sound. It is like the c.h.i.n.k of cash."

"Yes, you get the pure gold out of that. There's nothing like it."

"Do you know any chances for speculation there?"

"Yes, one or two."

"Would you have any objection to let me know?"

"Not in the least--it will extend your business. I will ask my Junior to send you any particulars you may desire."

"This California business must be the best there is, if all I hear is true."

"You haven't heard the real truth."

"Haven't I?" exclaimed Potts, in wonder. "I thought it was exaggerated."

"I could tell you stories far more wonderful than any thing you have heard."

"Tell me!" cried Potts, breathlessly.

"Well," said Smithers, confidentially, "I don't mind telling you something which is known, I'm sorry to say, in certain circles in London, and is already being acted on. One-half of our fortune has been made in California operations."

"You don't say so!"

"You see I've always been bold," continued Smithers, with an air of still greater confidence. "I read some time since in one of Humboldt's books about gold being there. At the first news of the discovery I chartered a ship and went out at once. I took every thing that could be needed. On arriving at San Francisco, where there were already very many people, I sold the cargo at an enormous profit, and hired the ship as a warehouse at enormous prices. I then organized a mining company, and put a first-rate man at the head of it. They found a place on the Sacramento River where the gold really seems inexhaustible. I worked it for some months, and forwarded two millions sterling to London. Then I left, and my company is still working."

"Why did you leave?" asked Potts, breathlessly.

"Because I could make more money by being in London. My man there is reliable. I have bound him to us by giving him a share in the business.

People soon found out that Smithers & Co. had made enormous sums of money in California, but they don't know exactly how. The immense expansion of our business during the last year has filled them with wonder. For you know every piece of gold that I sent home has been utilized by my Junior."

Potts was silent, and sat looking in breathless admiration at this millionaire. All his thoughts were seen in his face. His whole heart was laid bare, and the one thing visible was an intense desire to share in that golden enterprise.

"I have organized two companies on the same principle as the last. The shares are selling at a large premium in the London market. I take a leading part in each, and my name gives stability to the enterprise. If I find the thing likely to succeed I continue; if not, why, I can easily sell out. I am on the point of organizing a third company."

"Are the shares taken up?" cried Potts, eagerly.

"No, not yet."

"Well, could I obtain some?"

"I really can't say," replied Smithers. "You might make an application to my Junior. I do nothing whatever with the details. I don't know what plans or agreements he may have been making."

"I should like exceedingly to take stock. How do the shares sell?"

"The price is high, as we wish to confine our shareholders to the richer cla.s.ses. We never put it at less than 1000 a share."

"I would take any quant.i.ty."

"I dare say some may be in the market yet," said Smithers, calmly. "They probably sell at a high premium though."

"I'd pay it," said Potts.

"Well, you may write and see; I know nothing about it."

"And if they're all taken up, what then?"

"Oh--then--I really don't know. Why can't you organize a company yourself?"

"Well, you see, I don't know anything about the place."

"True; that is a disadvantage. But you might find some people who do know."

"That would be very difficult. I do not see how we could begin. And if I did find any one, how could I trust him?"

"You'd have to do as I did--give him a share of the business."

"It would be much better if I could get some stock in one of your companies. Your experience and credit would make it a success."

"Yes, there is no doubt that our companies would all be successful since we have a man on the spot."

"And that's another reason why I should prefer buying stock from you.

You see I might form a company, but what could I do?"

"Could not your cashier help you?"

"No, not in any thing of that sort."

"Well, I can say nothing about it. My Junior will tell you what chances there are."

"But while I see you personally I should be glad if you would consent to give me a chance. Have you any objection?"

"Oh no. I will mention your case the next time I write, if you wish it. Still I can not control the particular operations of the office.

My control is supreme in general matters, and you see it would not be possible for me to interfere with the smaller details."

"Still you might mention me."

"I will do so," said Smithers, and taking out his pocket-book he prepared to write.

"Let me see," said he, "your Christian name is--what?"

"John--John Potts."

"John Potts," repeated the other, as he wrote it down.

Smithers rose. "You may continue to draw on us as before, and any purchases of stock which you wish will be made."