“Nonsense,” laughed Mr. Delavan. “A passenger boatman like that fellow hears all kinds of talk in twenty-four hours. If he tried to remember a hundredth part of what he hears it would drive him into an insane asylum. Captain Halstead, get up anchor and take us outside, anywhere. We’re going to sit up and talk for a while. Then we’ll turn in below and sleep. We don’t want to berth the boat in New York earlier than eight in the morning, but must be there sharp at that hour.”
Tired of the motion of the boat so long at racing speed. Captain Tom got under way at a speed of about eight miles an hour. The newcomers and Mr. Moddridge sat in a close group on the bridge deck, to hold their council of war for the morrow.
“In the first place, Moddridge,” began Mr. Coggswell, “P. & Y. closed yesterday noon, on the Stock Exchange, at 68.”
“We must be closed out, then—ruined!” cried the nervous one, aghast. “You figured, you know, that the stock touching 71 would wind us up.”
“And so it would have done,” replied the broker, “but Steel and the other stocks that are traveling with it behaved rather better than I had expected. So, as things stand to-night you and Delavan have, perhaps, a few hundred thousand dollars left out of the game. But if P. & Y., at the opening on the Board to-morrow, goes down to 65—well, Oliver, as the head of the bankers’ syndicate that has been furnishing money to the Delavan-Moddridge interests, suppose you tell what must happen.”
“If the stock drops to 65 to-morrow morning,” took up the banker, “our pool will have to call in the loans, Mr. Moddridge. Delavan and yourself will have to heave all your P. & Y. stock overboard in order to meet the call of the loans. Then, but not until then, as I understand Mr. Coggswell’s statement, you will both be cleaned out.”
“But that isn’t going to happen,” declared Francis Delavan, coolly lighting a fresh cigar and puffing slowly. “There have, of course, been all sorts of stories out that I’ve been robbing the P. & Y. railroad and that I’ve smuggled the money out of the country. But Johnson, our vice president, has had a firm of the most respected and trusted accountants in New York going over all the railroad’s accounts. By to-morrow forenoon the reports of the accountants will be ready, and will show that every dollar of the P. & Y.’s money is safe.”