Читать книгу The Making of Bobby Burnit - George Randolph Chester - Страница 7
CHAPTER V
WHEREIN BOBBY ATTENDS A STOCK-HOLDERS’ MEETING AND CUTS A WISDOM-TOOTH
ОглавлениеWithin a very few days was completed the complicated legal machinery which threw the John Burnit Store and Trimmer and Company into the hands of “The Burnit-Trimmer Merchandise Corporation” as a holding and operating concern. The John Burnit Store went into that consolidation at an invoice value of two hundred and sixty thousand dollars, Trimmer and Company at two hundred and forty thousand; and Bobby was duly pleased. He had the majority of stock! On the later suggestion of Mr. Trimmer, however, sixty thousand dollars of additional capital was taken into the concern.
“The alterations, expansions, new departments and publicity will compel the command of about that much money,” Mr. Trimmer patiently explained; “and while we could appropriate that amount from our respective concerns, we ought not to weaken our capital, particularly as financial affairs throughout the country are so unsettled. This is not a brisk commercial year, nor can it be.”
“Yes,” admitted Bobby, “I’ve heard something of all this hard-times talk. I know Nick Allstyne sold his French racer, and Nick’s supposed to be worth no end of money.”
“Exactly,” agreed Mr. Trimmer dryly. “This sixty thousand dollars’ worth of stock, Mr. Burnit, I am quite sure that I can place with immediate purchasers, and if you will leave the matter to me I can have it all represented in our next meeting without any bother at all to you.”
“Very kind of you, I am sure,” agreed Bobby, thankful that this trifling detail was not to bore him.
And so it was that the Burnit-Trimmer Merchandise Corporation was incorporated at five hundred and sixty thousand dollars. It was considerably later when Bobby realized the significance of the fact that the subscribers to the additional capitalization consisted of Mr. Trimmer’s son, his son-in-law, his head bookkeeper, his confidential secretary and his cousin, all of whom had also been minor stock-holders in the concern of Trimmer and Company.
It was upon the day preceding the first stock-holders’ meeting of the reorganized company that Bobby, quite proud of the fact that he had acted independently of them, made the formal announcement to Johnson and Applerod that the great consolidation had been effected.
“Beginning with to-morrow morning, Mr. Johnson,” said he to that worthy, “the John Burnit Store will be merged into the Burnit-Trimmer Merchandise Corporation, and Mr. Trimmer will doubtless send his secretary to confer with you about an adjustment of the clerical work.”
“Yes, sir,” said Mr. Johnson dismally, and rose to open the filing case behind him. With his hand in the case he paused and turned a most woebegone countenance to the junior Burnit. “We shall be very regretful, Mr. Applerod and myself, to lose our positions, sir,” he stated. “We have grown up with the business from boyhood.”
“Nonsense!” exploded Applerod. “We would be regretful if that were to occur, but there is nothing of the sort possible. Why, Mr. Burnit, I think this consolidation is the greatest thing that ever happened. I’ve been in favor of it for years; and as for its losing me my position—Pooh!” and he snapped his fingers.
“Applerod is quite right, Mr. Johnson,” said Bobby severely. “Nothing of the sort is contemplated. Yourself and Mr. Applerod are to remain with me as long as fair treatment and liberal pay and personal attachment can induce you to do so.”
“Thank you, sir,” said Mr. Johnson dryly, but he shook his head, and from the file produced one of the familiar gray envelopes.
Bobby eyed it askance as it came toward him, and winced as he saw the inscription. He was beginning to dread these missives. They seemed to follow him about, to menace him, to give him a constant feeling of guilt. Nevertheless, he took this one quite calmly and walked into his own room. It was addressed:
To My Son,
Upon the Occasion of His Completing a Consolidation with Silas Trimmer
and it read:
“When a man devils you for years to enter a business deal with him, you may rest assured that man has more to gain by it than you have. Aside from his wormwood business jealousy of me, Silas Trimmer has wanted this Grand Street entrance to his store for more than the third of a century; now he has it. He’ll have your store next.”
“Look here, Governor,” protested Bobby aloud, to his lively remembrance of his father as he might have stood in that very room, “I call this rather rubbing it in. It’s a bit unsportsmanlike. It’s almost like laying a trap for a chap who doesn’t know the game,” and, rankling with a sense of injustice, he went out to Johnson.
“I say, Johnson,” he complained, “it’s rather my fault for being too stubborn to ask about it, but if you knew that Mr. Trimmer was trying to work a game on me that was dangerous to the business, why didn’t you volunteer to explain it to me; to forewarn me and give me a chance for judgment with all the pros and cons in front of me?”
“From the bottom of my heart, Mr. Burnit,” said Johnson with feeling, “I should like to have done it; but it was forbidden.”
He already had lying before him another of the gray envelopes, and this he solemnly handed over. It was addressed:
To My Son,
Upon His Complaining that Johnson Gave Him No Warning Concerning Silas Trimmer
The message it contained was:
“It takes hard chiseling to make a man, but if the material is the right grain the tool-marks won’t show. If I had wanted you merely to make money, I would have left the business entirely in the hands of Johnson and Applerod. But there is no use to put off pulling a tooth. It only hurts worse in the end.”
When Bobby left the office he felt like walking in the middle of the street to avoid alley corners, since he was unable to divine from what direction the next brick might come. He had taken the business to heart more than he had imagined that he would, and the very fact of his father’s having foreseen that he would succumb to this consolidation made him give grave heed to the implied suggestion that he would be a heavy loser by it. He had an engagement with Allstyne and Starlett at the Idlers’ that afternoon, but they found him most preoccupied, and openly voted him a bore. He called on Agnes Elliston, but learned that she was out driving, and he savagely assured himself that he knew who was handling the reins. He dined at the Traders’, and, for the first time since he had begun to frequent that place, the creases in his brow were real.
Later in the evening he dropped around to see Biff Bates. In the very center of the gymnasium he found that gentleman engaged in giving a preliminary boxing lesson to a spider-like new pupil, who was none other than Silas Trimmer. Responding to Biff’s cheerful grin and Mr. Trimmer’s sheepish one with what politeness he could muster, Bobby glumly went home.
On the next morning occurred the first stock-holders’ meeting of the Burnit-Trimmer Merchandise Corporation, which Bobby attended with some feeling of importance, for, with his twenty-six hundred shares, he was the largest individual stock-holder present. That was what had reassured him overnight: the magic “majority of stock!” Mr. Trimmer only had twenty-four hundred, and Bobby could swing things as he pleased. His father, omniscient as he was, must certainly have failed to foresee this fact. In his simplicity of such matters and his general unsuspiciousness, Bobby had not calculated that if the additional six hundred shares were to vote solidly with Mr. Trimmer against him, his twenty-six hundred shares would be confronted by three thousand, and so rendered paltry.
Mr. Trimmer was delighted to see young Mr. Burnit. This was a great occasion indeed, both for the John Burnit Store and for Trimmer and Company, and, in the opinion of Mr. Trimmer, his circular smile very much in evidence, John Burnit himself would have been proud to see this day! Mr. Smythe, Mr. Trimmer’s son-in-law, also thought it a great day; Mr. Weldon, Mr. Trimmer’s head bookkeeper, thought it a great day; Mr. Harvey, Mr. Trimmer’s confidential secretary, and Mr. U. G. Trimmer, Mr. Silas Trimmer’s cousin, shared this pleasant impression.
In the beginning the organization was without form or void, as all such organizations are, but Mr. Trimmer, having an extremely clear idea of what was to be accomplished, proposed that Mr. Burnit accept the chair pro tem.—where he would be out of the way. The unanimous support which this motion received was quite gratifying to the feelings of Mr. Burnit, proving at once that his fears had been not only groundless but ungenerous, and, in accepting the chair, he made them what he considered a very neat little speech indeed, striving the while to escape that circular smile with its diameter of yellow teeth and its intersecting crescent of stiff mustache; for he disliked meanly to imagine that smile to have a sarcastic turn to-day. At the suggestion of Mr. Trimmer, Mr. Weldon accepted the post of secretary pro tem. Mr. Trimmer then, with a nicely bound black book in his hand, rose to propose the adoption of the stock constitution and by-laws which were neatly printed in the opening pages of this minute-book, and in the articles of which he had made some trifling amendments. Mr. Weldon, by request, read these most carefully and conscientiously, making quite plain that the entire working management of the consolidated stores was to be under the direct charge of a general manager and an assistant general manager, who were to be appointed and have their salaries fixed by the board of directors, as was meet and proper. Gravely the stock-holders voted upon the adoption of the constitution and by-laws, and, with a feeling of pride, as the secretary called his name, Bobby cast his first vote in the following conventional form:
“Aye—twenty-six hundred shares.”
Mr. Trimmer followed, voting twenty-four hundred shares; then Mr. Smythe, three hundred; Mr. Weldon, fifty; Mr. Harvey, fifty; Mr. U. G. Trimmer, fifty; Mr. Thomas Trimmer, whose proxy was held by his father, one hundred and fifty; making in all a total of fifty-six hundred shares unanimously cast in favor of the motion; and Bobby, after having roundly announced the result, felt that he was conducting himself with vast parliamentary credit and lit a cigarette with much satisfaction.
Mr. Trimmer, twirling his thumbs, displayed no surprise, nor even gratification, when Mr. Smythe almost immediately put him in nomination for president. Mr. Weldon promptly seconded that nomination. Mr. Harvey moved that the nominations for the presidency be closed. Mr. U. G. Trimmer seconded that motion, which was carried unanimously; and with no ado whatever Mr. Silas Trimmer was made president of the Burnit-Trimmer Merchandise Corporation, Mr. Burnit having most courteously cast twenty-six hundred votes for him; for was not Mr. Trimmer entitled to this honor by right of seniority? In similar manner Mr. Burnit, quite pleased, and not realizing that the vice-president of a corporation has a much less active and influential position than the night watchman, was elected to the second highest office, while Mr. Weldon was made secretary and Mr. Smythe treasurer. Mr. Harvey, Mr. U. G. Trimmer and Mr. Thomas Trimmer were, as a matter of course, elected members of the board of directors, the four officers already elected constituting the remaining members of the board. There seemed but very little business remaining for the stock-holders to do, so they adjourned; then, the members of the board being all present and having waived in writing all formal notification, the directors went into immediate session, with Mr. Trimmer in the chair and Mr. Weldon in charge of the bright and shining new book of minutes.
The first move of that body, after opening the meeting in due form, was made by Mr. Harvey, who proposed that Mr. Silas Trimmer be constituted general manager of the consolidated stores at a salary of fifty thousand dollars per year, a motion which was immediately seconded by Mr. U. G. Trimmer.
Bobby was instantly upon his feet. Even with his total lack of experience in such matters there was something about this that struck him as overdrawn, and he protested that fancy salaries should have no place in the reorganized business until experience had proved that the business would stand it. He was very much in earnest about it, and wanted the subject discussed thoroughly before any such rash step was taken. The balance of the discussion consisted in one word from Mr. Smythe, echoed by all his fellow-members.
“Question!” said that gentleman.
“You have all heard the question,” said Mr. Trimmer calmly. “Those in favor will please signify by saying ‘Aye.’ ”
“Aye!” voted four members of the board as with one scarcely interested voice.
“No!” cried Bobby angrily, and sprang to his feet, his anger confused, moreover, by the shock of finding unsuspected wolves tearing at his vitals. “Gentlemen, I protest against this action! I——”
Mr. Trimmer pounded on the table with his pencil in lieu of a gavel.
“The motion is carried. Any other business?”
It seemed that there was. Mr. Harvey proposed that Mr. Smythe be made assistant general manager at a salary of twenty-five thousand dollars per year. Again the farce of a ballot and the farce of a protest was enacted. Where now was the voting power of Bobby’s twenty-six hundred shares? In the directors’ meeting they voted as individuals, and they were six against one. Rather indifferently, as if the thing did not amount to much, Mr. Smythe proposed that the selection of a firm name for advertising and publicity purposes be left to the manager, and though Bobby voted no as to this proposition on general principles, it seemed of minor importance, in his then bewildered state of mind. After all, the thing which grieved him most just then was to find that people could do these things!