Part 32 (2/2)

Mr. Brooks, a short, heavy-set, neatly dressed gentleman, whose rather weak blue eyes loomed preternaturally large and protuberant behind pince-nez that straddled an insignificant snub nose, took off his gla.s.ses and twiddled them in his white, well-kept fingers.

”Ah, too bad!” he murmured. ”Thought I'd catch him.

”By the way,” he continued, after a pause, ”you--ah--well, frankly, I have reason to believe that you have a good deal of influence with your husband in business matters, Mrs. Wagstaff. Kitty says so, and she don't make mistakes very often in sizing up a situation.”

”Well, I don't know; perhaps I have.” Hazel smiled noncommittally.

She wondered what had led Kitty Brooks to that conclusion. ”Why?”

”Well--ah--you see,” he began rather lamely. ”The fact is--I hope you'll regard this as strictly confidential, Mrs. Wagstaff. I wouldn't want Bill to think I, or any of us, was trying to bring pressure on him. But the fact is, Bill's got a mistaken impression about the way we're conducting the financial end of this mining proposition. You understand? Very able man, your husband, but headstrong as the deuce.

I'm afraid--to speak frankly--he'll create a lot of unpleasantness.

Might disrupt the company, in fact, if he sticks to the position he took this morning. Thought I'd run in and talk it over with him.

Fellow's generally in a good humor, you know, when he's lunched comfortably at home.”

”I'm quite in the dark,” Hazel confessed. ”Bill seemed a trifle put out about something. He didn't say what it was about.”

”Shall I explain?” Mr. Brooks suggested. ”You'd understand--and you might be able to help. I don't as a rule believe in bringing business into the home, but this bothers me. I hate to see a good thing go wrong.”

”Explain, by all means,” Hazel promptly replied. ”If I can help, I'll be glad to.”

”Thank you.” Mr. Brooks polished his gla.s.ses industriously for a second and replaced them with painstaking exact.i.tude. ”Now--ah--this is the situation: When the company was formed, five of us, including your husband, took up enough stock to finance the preliminary work of the undertaking. The remaining stock, seventy-five thousand dollars in amount, was left in the treasury, to be held or put on the market as the situation warranted. Bill was quite conservative in his first statements concerning the property, and we all felt inclined to go slow. But when Bill got out there on the ground and the thing began to pay enormously right from the beginning, we--that is, the four of us here, decided we ought to enlarge our scope. With the first clean-up, Bill forwarded facts and figures to show that we had a property far beyond our greatest expectations. And, of course, we saw at once that the thing was ridiculously undercapitalized. By putting the balance of the stock on the market, we could secure funds to work on a much larger scale. Why, this first s.h.i.+pment of gold is equal to an annual dividend of ten per cent on four hundred thousand dollars capital. It's immense, for six weeks' work.

”So we held a meeting and authorized the secretary to sell stock.

Naturally, your husband wasn't cognizant of this move, for the simple reason that there was no way of reaching him--and his interests were thoroughly protected, anyway. The stock was listed on Change. A good bit was disposed of privately. We now have a large fund in the treasury. It's a cinch. We've got the property, and it's rich enough to pay dividends on a million. The decision of the stockholders is unanimously for enlargement of the capital stock. The quicker we get that property to its maximum output the more we make, you see. There's a fine vein of quartz to develop, expensive machinery to install. It's no more than fair that these outsiders who are clamoring to get aboard should pay their share of the expense of organization and promotion.

You understand? You follow me?”

”Certainly,” Hazel answered. ”But what is the difficulty with Bill?”

Mr. Brooks once more had recourse to polis.h.i.+ng his pince-nez.

”Bill is opposed to the whole plan,” he said, pursing up his lips with evident disapproval of Bill Wagstaff and all his works. ”He seems to feel that we should not have taken this step. He declares that no more stock must be sold; that there must be no enlargement of capital. In fact, that we must peg along in the little one-horse way we started.

And that would be a shame. We could make the Free Gold Mining Company the biggest thing on the map, and put ourselves all on Easy Street.”

He spread his hands in a gesture of real regret.

”Bill's a fine fellow,” he said, ”and one of my best friends. But he's a hard man to do business with. He takes a very peculiar view of the matter. I'm afraid he'll queer the company if he stirs up trouble over this. That's why I hope you'll use whatever influence you have, to induce him to withdraw his opposition.”

”But,” Hazel murmured, in some perplexity, ”from what little I know of corporations, I don't see how he can set up any difficulty. If a majority of the stock-holders decide to do anything, that settles it, doesn't it? Bill is a minority of one, from what you say. And I don't see what difference his objections make, anyway. How can he stop you from taking any line of action whatever?”

”Oh, not that at all,” Brooks hastily a.s.sured. ”Of course, we can outvote him, and put it through. But we want him with us, don't you see? We've a high opinion of his ability. He's the sort of man who gets results; practical, you know; knows mining to a T. Only he s.h.i.+es at our financial method. And if he began any foolish litigation, or silly rumors got started about trouble among the company officers, it's bound to hurt the stock. It's all right, I a.s.sure you. We're not foisting a wildcat on the market. We've got the goods. Bill admits that. It's the regular method, not only legitimate, but good finance.

Every dollar's worth of stock sold has the value behind it.

Distributes the risk a little more, that's all, and gives the company a fund to operate successfully.

”If Bill mentions it, you might suggest that he look into the matter a little more fully before he takes any definite action,” Brooks concluded, rising. ”I must get down to the office. It's his own interests I'm thinking of, as much as my own. Of course, he couldn't block a reorganization--but we want to satisfy him in every particular, and, at the same time, carry out these plans. It's a big thing for all of us. A big thing, I a.s.sure you.”

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