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"But I've nothing to invest. I've only a very little saved up."
"Invest that hundred."
Dave looked at Conward sharply. Was he trifling? No; his eyes were frank and serious.
"You mean it?"
"Of course. Now, I'll put you on to something, and it's the biggest thing that has been pulled off yet. There's a section of land lying right against the city limits that is owned by a fellow over in England; remittance man who fell heir to an estate and had to go home to spend it. Well, he has been paying taxes ever since, and is tired of the 'bally rawnch'; besides, he is busy keeping his property in England reasonably well spent. I am arranging through a London office to offer him ten dollars an acre, and I'll bet he jumps at it. I've arranged for the necessary credits, but there will be some expenses for cables, etc., and you can put your hundred into that. If we pull it off--and we will pull it off--we start up in business as Conward & Elden, or Elden & Conward, which ever sounds better. Boy, there's a fortune in it."
"What do you figure it's worth?" said Dave, trying to speak easily.
"Twenty-five dollars an acre?"
"Twenty-five dollars an acre!" Conward shouted. "Dave, newspaper routine has killed your imagination, little as one would expect such a result, from some of the things the papers print. Twenty-five dollars an acre! Listen!
"The city boundaries are to be extended--probably will be by the time this deal goes through. Then it is city property. A street railway system is to be built, and we'll see that it runs through our land. We may have to 'grease' somebody, but it's a poor engineer that saves on grease. Then we'll survey that section into twenty-five foot lots--and we'll sell them at two hundred dollars each for those nearest the city down to one hundred for those farthest out--average one hundred and fifty, total nine hundred and sixty thousand dollars. Allow say sixty thousand for 'grease' and there is still nine hundred thousand, and that doesn't count re-sale commissions. Dave, it's good for a cool million. And that is just the beginning. It will give us a standing that will make anything possible."
Dave was doing rapid thinking. Suddenly he faced Conward, and their eyes met. "Conward," he said, "why do you put this up to me?"
"What d'ye mean?"
"You don't need my little hundred to put this over. Why do you let me in on it?"
Conward smiled and breathed easily. There had been a moment of tension.
"Oh, that's simple," he answered. "I figure this business is going to be too big for me, and you are the partner I need. I figure we'll travel well in double harness. I'm a good mixer--I know people--and I've got ideas. And you're sound and honourable and people trust you."
"Thanks," said Dave, dryly.
"That's right," Conward continued. "We'll be a combination hard to beat. You know the story about the brothers in the coal business?"
"No."
"Jim and Fred were coal dealers, when a revival broke out in their town, and Jim got religion. Then he tried to convert Fred; tried awful hard to get Fred to at least go to the meetings. But Fred wouldn't budge. Said it wasn't practicable. Jim argued and coaxed and prayed, but without result. At last he put it up to Fred.
"'Fred,' he said, 'why won't you come to our meetings?'"
"'Well,' the brother answered, 'it was all right for you to get religion. Sort o' lends respectability to the firm. But if I get it too, who's going to weigh the coal?'"
The two men laughed over the story, and yet it left an unpleasant impression upon Dave. He had never felt sure of Conward, and now he felt less sure than ever. But the l.u.s.t of easy money was beginning to stir within him. The bill in his hands represented more than three weeks' wages. Conward was making money--making money fast, and surely here was an opportunity such as comes once in a lifetime. A boy shoved in his head and yelled for copy. Dave swore at him, impatiently. He had never before realized how irksome the drudgery of his steady grind had become.
"I'll go you," he said to Conward at last. "I'll risk this hundred, and a little more if necessary."
"Good," said Conward, springing to his feet and taking Dave's hand in a warm grasp. "Now we're away. But you better play safe. Stick to your pay cheque here until we pull the deal through. There won't be much to do until then, anyway, and you can help more by guiding the paper along right lines."
"It sounds like a fairy tale," Dave demurred, as though unwilling to credit the possibilities Conward had outlined. "You're sure it can be done?"
"Done? Why, son, it has been done in all the big centres in the States, and at many a place that'll never be a centre at all. And it will be done here. Dave, bigger things than you dare to dream of are looming up right ahead."
Then Dave had a qualm. "If that section of land is worth close to a million dollars," he said, "is it quite fair to take advantage of the owner's absence and ignorance to buy it for a few thousand?"
"Dave," said Conward, with an arm on his shoulder, "the respectability of the firm is safe in your hands. But--_please_ let me weigh the coal."
CHAPTER ELEVEN
David Elden smoked his after-dinner cigar in his bachelor quarters.
The years had been good to the firm of Conward & Elden; good far beyond the wildness of their first dreams. The transaction of the section bought from the English absentee had been but the beginning of bigger and more daring adventures. That section was now considered close-in property, and lots which Conward & Elden had originally sold for two hundred dollars each had since changed hands at more than a thousand.
The street railway ran far beyond it. Water mains, sewers, electric lights, graded streets and concrete sidewalks had sprawled for miles across the prairie. Conward, in that first wild prophecy of his, had spoken of a city of a quarter of a million people; already more lots had been sold than could be occupied by four times that population.
It had been a very marvellous development; an enthusiasm which had grown deeper and wilder until it swept along as an insane abandon, bearing in its current the last vestiges of conservatism and caution.
For at last the old-timers, long alluded to as the "dead ones," had come in. For years they had held back, scoffing, predicting disaster; and while they held back venturesome youths had become millionaires.
One can stand that only so long, and at last the old-timers were buying and selling and debauching with the others in the l.u.s.t of easy money.
Dave had often asked himself where it all would end. He traced it from its beginning; from the day when he wrote his first "boost" story; from the hundred-dollar bill that Conward had placed in his hands. It was a simple course to trace; so simple now that he was amazed that only Conward and a few shrewd others had seen it at that time. It had begun with the prosperity of incoming money; the money of a little group of speculators and adventurers and the others who hung on their train.
They had filled the few hotels and office buildings. Presently some one began to build a new hotel. Labour was scarce and dear; carpenters, masons, bricklayers, plumbers, plasterers, labourers, had to be brought in from the outside. There was no place for them to sleep; there was no place for them to eat; there were insufficient stores to supply their wants. More hotels and shops and stores and houses had to be built, and to build them more carpenters and masons and bricklayers and plumbers and plasterers and painters had to be brought from the outside. The thing grew upon itself. It was like a fire starting slowly in the still prairie gra.s.s, which by its own heat creates a breeze that in turn gives birth to a gale that whips it forth in uncontrollable fury. Houses went up, blocks of them, streets of them, miles of them, but they could not keep pace with the demand, for every builder of a house must have a roof to sleep under. And there were streets to build; streets to grade and fill and pave; ditches to dig and sidewalks to lay and wires to string. And more houses had to be built for the men who paved streets and dug ditches and laid sidewalks and strung wires. And more stores and more hotels and more churches and more schools and more places of amus.e.m.e.nt were needed.
And the fire fed on its own fury and spread to lengths undreamed by those who first set the match to the dry gra.s.s.
The process of speculation was as easily defined. The first buyers were cautious; they looked over the vacant lots carefully; weighed their advantages and disadvantages; the prospect of the city growing this way or that. But scarcely had they bought when they sold again at a profit, and were seized with a quick regret that they had not bought more, or earlier. Soon the caution of the early transactions was forgotten in the rush for more lots which, almost immediately, could be re-sold at a profit. Judgment and discretion became handicaps in the race; the successful man was he who threw all such qualities to the winds. Fortunes were made; intrinsic values were lost sight of in the glare of great and sudden profits. Prices mounted up and up, and when calmer counsels held that they had reached their limits all such counsels were abashed by prices soaring higher still.
And the firm of Conward & Elden had profited not the least in these wild years of gain-getting. Their mahogany finished first floor quarters were the last word in office luxuriance. Conward's private room might with credit have housed a premier or a president. Its purpose was to be impressive, rather than to give any other service, as Conward spent little of his time therein. On Dave fell the responsibility of office management, and his room was fitted for efficiency rather than luxury. It commanded a view of the long general office where a battery of stenographers and clerks took care of the detail of the business of Conward & Elden. And Dave had established his ability as an office manager. His fairness, his fearlessness, his impartiality, his courtesy, his even temper--save on rare and excusable occasions--had won from the staff a loyalty which Conward, with all his abilities as a good mixer, could never have commanded.
He had prospered, of course. His statement to his banker ran into seven figures. For years he had not known the experience of being short of money for any personal purpose. Occasionally, at first, and again of late, the firm had found it necessary to resort to high finance. This was usually accomplished by getting a bank so deeply involved in their speculations that, in moments of emergency, it dared not desert them if it would. There are ways of doing that. And always the daring of Conward and the organization of Elden had justified themselves. Dave was still a young man, not yet in his thirties; he was rated a millionaire; he had health, comeliness, and personality; he commanded the respect of a wide circle of business men, and was regarded as one of the matrimonial prizes of the city; his name had been discussed for public office; he was a success.
And yet this night, as he sat in his comfortable rooms and watched the street lights come fluttering on as twilight silhouetted the great hills to the west, he was not so sure of his success. A gas fire burned in the grate, rippling in blue, sinuous waves, and radiating an agreeable warmth on the May evening air. Dave finished his cigar and stood by the window, where the street light now poured in, blending its pale effulgence with the blue radiance from the grate. He was a man to be admired. His frame a trifle stouter than when we last saw him, but still supple and firm; the set of the shoulders, the taper of the body to the waist, the keen but pa.s.sive face, the poise of the whole figure was that of one who, tasting of the goodness of life, had not gormandized thereon. He was called a success, yet in the honesty of his own soul he feared the coin did not ring true. Conward had insisted more and more upon "weighing the coal." And Dave had concerned himself less and less with the measure. That was what worried him. He felt that the crude but honest conception of the square deal which was the one valuable heritage of his childhood was slipping away from him. He had little in common with Conward outside of their business relationship. He suspected the man vaguely, but had never found tangible ground for his suspicion. Dave did not drink, and those confidences peculiar to a state of semi-intoxication were denied him. He was afraid to drink, not with the fear of the craven, but with the fear of a man who knows his enemy's advantage. He had suffered in his own home, and he feared the enemy, and would make no truce.
Neither was he seduced by the vices which the possession of wealth made easy to his hand. He counted more as a dream--a sort of supernalism out of the past--that last night and that last compact with Irene Hardy, but it had been anchorage for his soul on more than one dangerous sea, and he would not give it up. Some time, he supposed, he should take a wife, but until then that covenant, sealed by the moonlight to the approving murmur of the spruce trees, should stand as his one t.i.tle of character against which no _caveat_ might be registered.
He was turning this very matter over in his mind, and wondering what the end would be, when a knock came at the door.
"Come," he said, switching on the light. . . "Oh, it's you, Bert. I am honoured. Sit down."
The girl threw her coat over a chair and sank into another. Without speaking she extended her shapely feet to the fire, but when its soothing warmth had comforted her limbs she looked up and said,
"Adam sure put it over on us, didn't he?"
"Still nursing that grievance over your s.e.x," laughed Dave. "I thought you would outgrow it."
"I don't blame him," continued the girl, ignoring his interruption. "I am just getting back from forty-seven teas. Gabble, gabble, gabble. I don't blame him. We deserve it."
"Then you have had nothing to eat?"
"Almost. Only insignificant indigestibles."
Dave pressed a b.u.t.ton, and a Chinese boy (all male Chinese are boys) entered, bowing in that deference which is so potent to separate the white man from his silver. The white man glories in being salaamed, especially by an Oriental, who can grovel with a touch of art. And the Oriental has not been slow to capitalize his master's vanity.
"Bring something to eat. Go out for it, and be quick. For two."