Part 2 (1/2)
”On account of Electro Oceanic?”
”Yes.”
”I don't understand -”
”I shall explain.” Bewkel's interruption was eager. ”When that company was first organized, we all bought heavily of the first stock issued because the wave motors offered enormous possibilities. Then came delay. Slow, unaccountable delay.”
”Due to new experiments.”
”Yes. But Perry Harton, general manager of Electro Oceanic, seemed dilatory in gaining results. The presence of the president was required. Bigelow Zorman went to South Sh.o.r.eview to take charge in person.”
”I know. He found that the existing wave motors were impracticable. They did not produce sufficient power to make them a success commercially.”
”Zorman was conservative.” Bewkel spoke emphatically. ”That is why I did not rely upon his opinions. I sent an investigator of my own to look into affairs at the Electro Oceanic plant. His name was Dustin Cruett.”
Felix Tressler caught no significance in the name which Maurice Bewkel uttered. The visitor looked surprised; then spoke again.
”Of course,” he said apologetically, ”it was only a small item in today's newspaper. I am not surprised that you did not notice it.”
”Something about Electro Oceanic?”
”No. The story of Dustin Cruett's death.”
”You mean” - Tressler's tone was incredulous - ”that your investigator never returned -”
”He did return!” exclaimed Bewkel. ”He came to New York. He telephoned my home. He was on his way there with important news when he collapsed and fell dead near Times Square!” ”An amazing occurrence!”
”Not amazing.” Bewkel was serious. ”Tressler, it looks to me like foul play. I am convinced that Dustin Cruett was murdered!”
AN expression of incredulity appeared upon Felix Tressler's heavy brow. Maurice Bewkel noticed it. He leaned forward in his chair to impress his next words upon his host.
”Suppose, Tressler,” he said, ”that certain large interests should have learned of improvements in the Electro Oceanic wave motor. They would be anxious, would they not, to see our company fail?”
”They would.”
”Very well. Their first step, then, would be to r.e.t.a.r.d the development of the improved wave motor. That failing, they would attempt to keep news of improvements from such option holders as you, myself and Rightwood. That is why I sent Dustin Cruett to investigate.”
”But why could you not rely on Bigelow Zorman? He has gone to South Sh.o.r.eview. He is one upon whom we can depend. In fact, I expect to hear from him almost any day now.”
”I have confidence in Zorman,” a.s.sured Bewkel. ”Like yourself, I am expecting word from him. I feared, however, that if a plot were afoot, Zorman would experience difficulty in learning all that has taken place.
That is why I sent Cruett - and Cruett is mysteriously dead!”
”Large interests,” remarked Tressler, with a shake of his heavy head, ”would not deal in murder -”
”But they would stoop to espionage!” interposed Bewkel. ”They would employ skulking spies in an emergency - and men of the spy caliber might murder!”
Tressler considered this with a doubtful expression. His face showed worriment; but not conviction.
”Tressler,” warned Bewkel soberly, ”I have said nothing to the police regarding the fact that Dustin Cruett was secretly in my employ. Such a statement would be poor policy. I am wary. In Cruett's death, I see a hidden purpose - an effort to keep his verbal information from my ears. Tomorrow, I must see Logan Mungren, the promoter from whom we purchased Electro Oceanic stock, regarding my option for fifteen hundred new shares at one hundred dollars a share.”
”One hundred and fifty thousand dollars.”
”Yes. I must exercise the option at par - or let it drop.”
”Bewkel,” observed Tressler, as he arose and stood with folded arms, ”this stock is risky. You and I, like Rightwood, each purchased five hundred shares - an expenditure of fifty thousand dollars apiece. Our stock has dropped to a value of only five thousand - ten cents on the dollar.
”I advised both of you to buy that original stock. I showed my good faith by making a purchase of my own. But I tell you, Bewkel, that I do not intend to exercise my option on one hundred and fifty thousand dollars' worth of new shares until I am convinced that a new wave motor has been developed.”
”Granted,” stated Bewkel. ”Your situation, Tressler, is better than mine. My option comes due within a few days; Rightwood's option follows - then yours. That is why it was urgent that I should learn of Electro Oceanic affairs. I cannot afford to wait for a report from the president, Bigelow Zorman.”
Felix Tressler nodded his understanding. ”CRUETT'S sudden death,” admitted Bewkel, ”would ordinarily discourage me. I have failed to receive his important report. Should I exercise my option, I shall be doing so purely on speculation.”
”Which is unwise,” cautioned Tressler. ”I should advise you, Bewkel, to let the option pa.s.s. Were I in your position, I should do so.”
”I know it,” affirmed Bewkel. ”I expected such advice. Nevertheless, Tressler, I am tempted to purchase my portion of that new stock issue. I came to tell you of my probable decision, that you might have the opportunity to investigate for yourself.”
Bewkel was rising as he spoke. He glanced at his watch; then extended his hand.
”I must leave,” he declared. ”Tomorrow, I am going to see Logan Mungren, to discuss the matter of the option with him.”
”Your decision, then, is not final?”
”Practically so. I cannot say until after I have talked with Mungren.”
”Call me after that,” suggested Tressler. ”Not tomorrow, but the day after. Whenever you have actually made the purchase. At the same time, remember my advice: Electro Oceanic is extremely risky, and I regret that I was partly responsible for your original purchase. In fact, Bewkel, I have really felt that I should take some of your original stock off your hands. The loss should be mine -”
”Not a bit of it!” Bewkel clapped Tressler on the shoulder. ”You have always been over-conservative, Tressler. I think that this stock will pull through - and I feel that I am going to risk it.”
Maurice Bewkel was walking toward the door as he spoke. Neither he nor Felix Tressler noted that the barrier was slightly ajar. It closed just before Bewkel had a chance to notice it.
On the other side of the portal, Wilton Byres, the sly-faced secretary, drew suddenly away from the door, He was the one who had opened it. He had been eavesdropping. He gained another doorway just as Tressler and Bewkel appeared from the room where they had been talking.
AS Tressler and his visitor moved toward the patio, the secretary appeared quite suddenly, as though he had heard their approach, and was coming to see if he were needed.
”Never mind, Byres,” said Tressler, as he saw the young man. ”I shall conduct Mr. Bewkel to the elevator. You will not be needed.”
A frown appeared upon the secretary's crafty face as Byres watched the two men make their way through the patio. With a slinking stride, the young man headed toward the open roof. He pa.s.sed doors that were open and doors that were closed. Reaching the roof, he went toward the parapet and stood gazing out above the city.
Atop a building, Byres eyed a huge electric light: one which shone with white-cl.u.s.tered corners and thin white lines between them. The young man stared steadily in that direction; then turned and moved back across the roof.
When Felix Tressler reappeared, Byres was gathering up some gla.s.ses that were on a table. The heavy-built millionaire seated himself in his big chair and lighted a cigar as Byres carried the gla.s.ses into the apartment.
It was later when Wilton Byres again appeared upon the roof. Behind Tressler's back, the secretary oncemore edged toward the parapet where, between potted shrubs, he could view the electric sign.
Lights of doom! They were unchanging tonight. Their color remained white, with no token of a signal. Yet the cunning look that appeared upon the face of Wilton Byres showed that the secretary was antic.i.p.ating the time when changing lights would glimmer.