The Making of Bobby Burnit Part 43

On the day Bobby got the money for his Westmarsh property old Applerod came up from the office of the Brightlight Electric Company, where he held a lazy, sleepy afternoon job as "manager," and with an ingratiating smile handed Bobby a check for five thousand dollars.

"What's this for?" asked Bobby, puzzled.

"I have decided to give you back the money and take up again my approximate one-fifth share in the Applerod Addition," announced that gentleman complacently.

Bobby was entirely too much surprised at this to be amused.

"You're just a trifle too late, Mr. Applerod," said he. "Had you come to me two weeks ago, when I thought the land was worthless, out of common decency I would not have let you buy in again. Since then, however, I have sold the tract at a profit of forty thousand dollars."

"You have?" exclaimed Applerod. "I heard you were going to do something of the kind. I'm ent.i.tled to one-fifth of that profit, Mr.

Burnit--eight thousand dollars."

"You're ent.i.tled to a good, swift poke in the neck!" exclaimed the voice of wizened old Johnson, who stood in the doorway, and who, since his friendship with Biff Bates, had absorbed some of that gentleman's vigorous vernacular. "Applerod, I'll give you just one minute to get out of this office. If you don't I'll throw you downstairs!"

"Mr. Johnson," said Applerod with great dignity, "this office does not belong to you. I have as much right here--"

Mr. Johnson, taking a trot around Bobby's desk so as to get Mr.

Applerod between him and the door, made a threatening demonstration toward the rear, and Applerod, suddenly deserting his dignity, rushed out. Bobby straightened his face as Johnson, still blazing, came in from watching Applerod's ignominious retreat.

"Well, Johnson," said he, ignoring the incident as closed, "what can I do for you to-day?"

"Nothing!" snapped Johnson. "I have forgotten what I came for!" and going out he slammed the door behind him.

In the course of an hour Bobby was through with his morning allotment of mail and his daily consultation with Jolter, and then he called Johnson to his office.

"Johnson," said he, "I want you to do me a favor. There is one block of Brightlight stock that I have not yet bought up. It is in the hands of J. W. Williams, one of the old Stone crowd, who ought to be wanting money by this time. He holds one hundred shares, which you should be able to buy by now at fifty dollars a share. I want you to buy this stock in your own name, and I want to loan you five thousand dollars to do it with. I merely want voting power; so after you get it you may hold it if you like and still owe me the five thousand dollars, or I'll take it off your hands at any time you are tired of the obligation. You'd better go to Barrister and have him buy the stock for you."

"Yes, sir," said Johnson.

Bobby immediately went to De Graff.

"I came to subscribe for two hundred and fifty thousand dollars' worth of additional stock in the New Brightlight. I have just deposited two hundred and eighty-five thousand dollars in your bank."

"You're becoming an expert," said De Graff with a quizzical smile.

"With the million dollars' valuation at which we are to buy in the present Brightlight, the two hundred and fifty thousand subscribed for by Dan Elliston, and the ten thousand held by Miss Elliston, this new subscription about gives you control of the New Brightlight, don't it?"

"That's what I want," Bobby exulted. "You don't object, do you?"

"Not on my own account," De Graff a.s.sured him; "but you'd better have Barrister buy this in for you until we are organized. Then you can take it over."

"I guess you're right," agreed Bobby. "I'll send Barrister right over, and I think I shall make him take up the remaining ten thousand on his own account. A week from to-night is the council meeting at which the Consolidated must make good to renew their franchise, and we don't want any hitch in getting our final incorporation papers by that time.

The members of the Consolidated are singing swan songs in seven simultaneous keys at this very moment."

Bobby's description of the condition of the Consolidated was scarcely exaggerated. It was a trying and a hopeless period for them. The bond issue had failed miserably. It had not needed the _Chronicle_ to remind the public of what a shaky proposition the Consolidated was, for Bobby had thoroughly exposed the corporation during the _Bulletin's_ campaign against Sam Stone. Bond-floating companies from other cities were brought in, and after an examination of the books threw up their hands in horror at the crudest muddle they had ever found in any investigation of munic.i.p.al affairs.

On the night of the council meeting, Sharpe and Trimmer and Williams, representing the Consolidated, were compelled to come before the council and confess their inability to take up the bonds required to renew their franchise; but they begged that this clause, since it was an entirely unnecessary one and was not enjoined upon gas or electric companies in other cities, be not enforced. Council, however, was obdurate, and the committee thereupon begged for a further extension of time in which to raise the necessary amount of money. Council still was obdurate, and by that obduracy the franchise of the Consumers'

Electric Company, said franchise being controlled by the Consolidated Illuminating and Power Company, became null and void.

Thereupon Bobby Burnit, President De Graff and Dan Elliston, representing the New Brightlight Electric Company, recently organized for three million dollars, came forward and prayed for a franchise for the electric lighting of the entire city, agreeing to take over the poles and wiring of the Consolidated at a fair valuation; and council was not at all obdurate, which was scarcely strange when one reflected that every member of that munic.i.p.al body had been selected and put in place through the direct instrumentality of Bobby Burnit. It was practical politics, true enough, but Bobby had no qualms whatever about it.

"It may be quite true that I have not been actuated by any highly n.o.ble motives in this," he confessed to a hot charge by Williams, "but so long as in munic.i.p.al affairs I am not actuated by any ign.o.ble motives I am doing pretty fairly in this town."

There was just the bare trace of brutality in Bobby as he said this, and he suddenly recognized it in himself with dismay. What pity Bobby might have felt for these bankrupt men, however, was swept away in a gust of renewed aggressiveness when Trimmer, arousing himself from the ashen age which seemed all at once to be creeping over him, said, with a return of that old circular smile which had so often before aggravated Bobby:

"I am afraid I'll have to draw out of my other ventures and retire on my salary as president and manager of Trimmer and Company."

Vengefulness was in Bobby's eyes as he followed Trimmer's sprawling figure, so much like a bloated spider's in its bigness of circ.u.mference and its attenuation of limbs, that suddenly he shuddered and turned away as when one finds oneself about to step upon a toad.

CHAPTER x.x.x

IN WHICH, BEING THE LAST CHAPTER, EVERYTHING TURNS OUT RIGHT, AND EVERYBODY GETS MARRIED

At the offices of the New Brightlight Electric Company there was universal rejoicing. Johnson was removed from the _Bulletin_ to take charge of the new organization until it should be completed, and Bobby himself, for a few days, was compelled to spend most of his time there. During the first week after the granting of the franchise Bobby called Johnson to him.

"Mr. Johnson," said he quite severely, "you have been so careful and so faithful in all other things that I dislike to remind you of an overlooked duty."

"I am sorry, sir," said Johnson. "What is it?"

"You have neglected to make out a note for that five-thousand-dollar loan. Kindly draw it up now, payable in ten years, with interest at four per cent. _after_ the date of maturity."

"But, sir," stammered Johnson, "the stock is worth par now."

"Would you like to keep it?"

"I'd be a fool to say I wouldn't, sir. But the stock is not only worth par,--it was worth that in the old Brightlight; and I received an exchange of two for one in the New Brightlight, which is also worth par this morning; so I hold twenty thousand dollars' worth of stock."

"It cost me five thousand," insisted Bobby, "and we'll settle at that figure."

"I don't know how to thank you, sir," trembled Johnson, but he stiffened immediately as Applerod intruded himself into the room with a bundle of papers which he laid upon the desk.

"I beg your pardon, Mr. Burnit," began Applerod, "but I have five thousand dollars I'd like to invest in the New Brightlight Company if you could manage it for me."

"I'm sorry, Applerod," said Bobby, "but there isn't a share for sale.

It was subscribed to the full capitalization before the incorporation papers were issued."

Applerod was about to leave the room in deep dejection when Johnson, with a sudden happy inspiration, called him back.

"I think I know where you can buy five thousand," said Johnson; "but you will have to hurry to get it."

"Where?" asked Applerod eagerly, while Bobby went to the window to conceal his broad smiles.

"Just put on your hat and go right over to Barrister," directed Johnson; "and take a blank check with you. I'll telephone him, to save time for you. The stock is worth par, and that lonesome fifty shares will be snapped up before you know it."

"You will excuse me till I go up-town, Mr. Burnit?" inquired Applerod, and bustled out eagerly.