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The significance of this visit was not long in manifesting itself. At the top, in large affairs, life goes off into almost inexplicable tangles of personalities. Mr. McKenty, now that the matter had been called to his attention, was interested to learn about this gas situation from all sides – whether it might not be more profitable to deal with the Schryhart end of the argument, and so on. But his eventual conclusion was that Cowperwood’s plan, as he had outlined it, was the most feasible for political purposes, largely because the Schryhart faction, not being in a position where they needed to ask the city council for anything at present, were so obtuse as to forget to make overtures of any kind to the buccaneering forces at the City Hall[63].

When Cowperwood next came to McKenty’s house the latter was in a receptive frame of mind. “Well,” he said, after a few genial preliminary remarks, “I’ve been learning what’s going on. Your proposition is fair enough. Organize your company, and arrange your plan conditionally. Then introduce your ordinance, and we’ll see what can be done.” They went into a long, intimate discussion as to how the forthcoming stock should be divided, how it was to be held in escrow by a favorite bank of Mr. McKenty’s until the terms of the agreement under the eventual affiliation with the old companies or the new union company should be fulfilled, and details of that sort. It was rather a complicated arrangement, not as satisfactory to Cowperwood as it might have been, but satisfactory in that it permitted him to win. It required the undivided services of General Van Sickle, Henry De Soto Sippens, Kent Barrows McKibben, and Alderman Dowling for some little time. But finally all was in readiness for the coup.

On a certain Monday night, therefore, following the Thursday on which, according to the rules of the city council, an ordinance of this character would have to be introduced, the plan, after being publicly broached but this very little while, was quickly considered by the city council and passed. There had been really no time for public discussion. This was just the thing, of course, that Cowperwood and McKenty were trying to avoid. On the day following the particular Thursday on which the ordinance had been broached in council as certain to be brought up for passage, Schryhart, through his lawyers and the officers of the old individual gas companies, had run to the newspapers and denounced the whole thing as plain robbery; but what were they to do? There was so little time for agitation. True the newspapers, obedient to this larger financial influence, began to talk of “fair play to the old companies,” and the uselessness of two large rival companies in the field when one would serve as well. Still the public, instructed or urged by the McKenty agents to the contrary, were not prepared to believe it. They had not been so well treated by the old companies as to make any outcry on their behalf.

Standing outside the city council door, on the Monday evening when the bill was finally passed, Mr. Samuel Blackman, president of the South Side Gas Company, a little, wispy man with shoe-brush whiskers, declared emphatically:

“This is a scoundrelly piece of business. If the mayor signs that he should be impeached. There is not a vote in there to-night that has not been purchased – not one. This is a fine element of brigandage to introduce into Chicago; why, people who have worked years and years to build up a business are not safe!”

“It’s true, every word of it,” complained Mr. Jordan Jules, president of the North Side company, a short, stout man with a head like an egg lying lengthwise, a mere fringe of hair, and hard, blue eyes. He was with Mr. Hudson Baker, tall and ambling, who was president of the West Chicago company. All of these had come to protest.

“It’s that scoundrel from Philadelphia. He’s the cause of all our troubles. It’s high time the respectable business element of Chicago realized just what sort of a man they have to deal with in him. He ought to be driven out of here. Look at his Philadelphia record. They sent him to the penitentiary down there, and they ought to do it here.”

Mr. Baker, very recently the guest of Schryhart, and his henchman, too, was also properly chagrined. “The man is a charlatan,” he protested to Blackman. “He doesn’t play fair. It is plain that he doesn’t belong in respectable society.”

Nevertheless, and in spite of this, the ordinance was passed. It was a bitter lesson for Mr. Norman Schryhart, Mr. Norrie Simms, and all those who had unfortunately become involved. A committee composed of all three of the old companies visited the mayor; but the latter, a tool of McKenty, giving his future into the hands of the enemy, signed it just the same. Cowperwood had his franchise, and, groan as they might, it was now necessary, in the language of a later day, “to step up and see the captain.” Only Schryhart felt personally that his score with Cowperwood was not settled. He would meet him on some other ground later. The next time he would try to fight fire with fire. But for the present, shrewd man that he was, he was prepared to compromise.

Thereafter, dissembling his chagrin as best he could, he kept on the lookout for Cowperwood at both of the clubs of which he was a member; but Cowperwood had avoided them during this period of excitement, and Mahomet would have to go to the mountain. So one drowsy June afternoon Mr. Schryhart called at Cowperwood’s office. He had on a bright, new, steel-gray suit and a straw hat. From his pocket, according to the fashion of the time, protruded a neat, blue-bordered silk handkerchief, and his feet were immaculate in new, shining Oxford ties[64].

“I’m sailing for Europe in a few days, Mr. Cowperwood,” he remarked, genially, “and I thought I’d drop round to see if you and I could reach some agreement in regard to this gas situation. The officers of the old companies naturally feel that they do not care to have a rival in the field, and I’m sure that you are not interested in carrying on a useless rate war[65] that won’t leave anybody any profit. I recall that you were willing to compromise on a half-andhalf basis with me before, and I was wondering whether you were still of that mind.”

“Sit down, sit down, Mr. Schryhart,” remarked Cowperwood, cheerfully, waving the new-comer to a chair. “I’m pleased to see you again. No, I’m no more anxious for a rate war than you are. As a matter of fact, I hope to avoid it; but, as you see, things have changed somewhat since I saw you. The gentlemen who have organized and invested their money in this new city gas company are perfectly willing – rather anxious, in fact – to go on and establish a legitimate business. They feel all the confidence in the world that they can do this, and I agree with them. A compromise might be effected between the old and the new companies, but not on the basis on which I was willing to settle some time ago. A new company has been organized since then, stock issued, and a great deal of money expended.” (This was not true.) “That stock will have to figure in any new agreement. I think a general union of all the companies is desirable, but it will have to be on a basis of one, two, three, or four shares – whatever is decided – at par for all stock involved.”

Mr. Schryhart pulled a long face. “Don’t you think that’s rather steep?” he said, solemnly.

“Not at all, not at all!” replied Cowperwood. “You know these new expenditures were not undertaken voluntarily.” (The irony of this did not escape Mr. Schryhart, but he said nothing.)

“I admit all that, but don’t you think, since your shares are worth practically nothing at present, that you ought to be satisfied if they were accepted at par?”

“I can’t see why,” replied Cowperwood. “Our future prospects are splendid. There must be an even adjustment here or nothing. What I want to know is how much treasury stock you would expect to have in the safe for the promotion of this new organization after all the old stockholders have been satisfied?”

“Well, as I thought before, from thirty to forty per cent. of the total issue,” replied Schryhart, still hopeful of a profitable adjustment. “I should think it could be worked on that basis.”

“And who gets that?”

“Why, the organizer,” said Schryhart, evasively.

“Yourself, perhaps, and myself.”

“And how would you divide it? Half and half, as before?”

“I should think that would be fair.”

“It isn’t enough,” returned Cowperwood, incisively. “Since I talked to you last I have been compelled to shoulder obligations and make agreements which I did not anticipate then. The best I can do now is to accept three-fourths.”

Schryhart straightened up determinedly and offensively. This was outrageous, he thought, impossible! The effrontery of it!

“It can never be done, Mr. Cowperwood,” he replied, forcefully. “You are trying to unload too much worthless stock on the company as it is. The old companies’ stock is selling right now, as you know, for from one-fifty to two-ten. Your stock is worth nothing. If you are to be given two or three for one for that, and three-fourths of the remainder in the treasury, I for one[66] want nothing to do with the deal. You would be in control of the company, and it will be water-logged, at that. Talk about getting something for nothing! The best I would suggest to the stockholders of the old companies would be half and half. And I may say to you frankly, although you may not believe it, that the old companies will not join in with you in any scheme that gives you control. They are too much incensed. Feeling is running too high. It will mean a long, expensive fight, and they will never compromise. Now, if you have anything really reasonable to offer I would be glad to hear it. Otherwise I am afraid these negotiations are not going to come to anything.”

“Share and share alike, and three-fourths of the remainder,” repeated Cowperwood, grimly. “I do not want to control. If they want to raise the money and buy me out on that basis I am willing to sell. I want a decent return for investments I have made, and I am going to have it. I cannot speak for the others behind me, but as long as they deal through me that is what they will expect.”

Mr. Schryhart went angrily away. He was exceedingly wroth. This proposition as Cowperwood now outlined it was bucaneering at its best. He proposed for himself to withdraw from the old companies if necessary, to close out his holdings and let the old companies deal with Cowperwood as best they could. So long as he had anything to do with it, Cowperwood should never gain control of the gas situation. Better to take him at his suggestion, raise the money and buy him out, even at an exorbitant figure. Then the old gas companies could go along and do business in their old-fashioned way without being disturbed. This buccaneer! This upstart! What a shrewd, quick, forceful move he had made! It irritated Mr. Schryhart greatly.

The end of all this was a compromise in which Cowperwood accepted one-half of the surplus stock of the new general issue, and two for one of every share of stock for which his new companies had been organized, at the same time selling out to the old companies – clearing out completely. It was a most profitable deal, and he was enabled to provide handsomely not only for Mr. McKenty and Addison, but for all the others connected with him. It was a splendid coup, as McKenty and Addison assured him. Having now done so much, he began to turn his eyes elsewhere for other fields to conquer.

But this victory in one direction brought with it corresponding reverses in another: the social future of Cowperwood and Aileen was now in great jeopardy. Schryhart, who was a force socially, having met with defeat at the hands of Cowperwood, was now bitterly opposed to him. Norrie Simms naturally sided with his old associates. But the worst blow came through Mrs. Anson Merrill. Shortly after the housewarming, and when the gas argument and the conspiracy charges were rising to their heights, she had been to New York and had there chanced to encounter an old acquaintance of hers, Mrs. Martyn Walker, of Philadelphia, one of the circle which Cowperwood once upon a time had been vainly ambitious to enter. Mrs. Merrill, aware of the interest the Cowperwoods had aroused in Mrs. Simms and others, welcomed the opportunity to find out something definite.

“By the way, did you ever chance to hear of a Frank Algernon Cowperwood or his wife in Philadelphia?” she inquired of Mrs. Walker.

“Why, my dear Nellie,” replied her friend, nonplussed that a woman so smart as Mrs. Merrill should even refer to them, “have those people established themselves in Chicago? His career in Philadelphia was, to say the least, spectacular. He was connected with a city treasurer there who stole five hundred thousand dollars, and they both went to the penitentiary. That wasn’t the worst of it! He became intimate with some young girl – a Miss Butler, the sister of Owen Butler, by the way, who is now such a power down there, and – “ She merely lifted her eyes. “While he was in the penitentiary her father died and the family broke up. I even heard it rumored that the old gentleman killed himself.” (She was referring to Aileen’s father, Edward Malia Butler.) “When he came out of the penitentiary Cowperwood disappeared, and I did hear someone say that he had gone West, and divorced his wife and married again. His first wife is still living in Philadelphia somewhere with his two children.”

Mrs. Merrill was properly astonished, but she did not show it. “Quite an interesting story, isn’t it?” she commented, distantly, thinking how easy it would be to adjust the Cowperwood situation, and how pleased she was that she had never shown any interest in them. “Did you ever see her – his new wife?”

“I think so, but I forget where. I believe she used to ride and drive a great deal in Philadelphia.”

“Did she have red hair?”

“Oh yes. She was a very striking blonde.”

“I fancy it must be the same person. They have been in the papers recently in Chicago. I wanted to be sure.”

Mrs. Merrill was meditating some fine comments to be made in the future.

“I suppose now they’re trying to get into Chicago society?” Mrs. Walker smiled condescendingly and contemptuously – as much at Chicago society as at the Cowperwoods.

“It’s possible that they might attempt something like that in the East and succeed – I’m sure I don’t know,” replied Mrs. Merrill, caustically, resenting the slur, “but attempting and achieving are quite different things in Chicago.”

The answer was sufficient. It ended the discussion. When next Mrs. Simms was rash enough to mention the Cowperwoods, or, rather, the peculiar publicity in connection with him, her future viewpoint was definitely fixed for her.

“If you take my advice,” commented Mrs. Merrill, finally, “the less you have to do with these friends of yours the better. I know all about them. You might have seen that from the first. They can never be accepted.”

Mrs. Merrill did not trouble to explain why, but Mrs. Simms through her husband soon learned the whole truth, and she was righteously indignant and even terrified. Who was to blame for this sort of thing, anyhow? she thought. Who had introduced them? The Addisons, of course. But the Addisons were socially unassailable, if not all-powerful, and so the best had to be made of that. But the Cowperwoods could be dropped from the lists of herself and her friends instantly, and that was now done. A sudden slump in their social significance began to manifest itself, though not so swiftly but what for the time being it was slightly deceptive.

The first evidence of change which Aileen observed was when the customary cards and invitations for receptions and the like, which had come to them quite freely of late, began to decline sharply in number, and when the guests to her own Wednesday afternoons, which rather prematurely she had ventured to establish, became a mere negligible handful. <…> Aileen was beside herself with disappointment, opposition, chagrin, shame.

At the same time Cowperwood was not to be spared his share in the distrust and social opposition which was now rampant. <…>

If it had not been for Cowperwood’s eventual financial triumph over all opposition – the complete routing of the enemy – in the struggle for control in the gas situation – the situation would have been hard, indeed. As it was, Aileen suffered bitterly; she felt that the slight was principally directed at her, and would remain in force. In the privacy of their own home they were compelled eventually to admit, the one to the other, that their house of cards, resplendent and forceful looking as it was, had fallen to the ground. Personal confidences between people so closely united are really the most trying of all. Human souls are constantly trying to find each other, and rarely succeeding.

“You know,” he finally said to her once, when he came in rather unexpectedly and found her sick in bed, her eyes wet, and her maid dismissed for the day, “I understand what this is all about. To tell you the truth, Aileen, I rather expected it. We have been going too fast, you and I. We have been pushing this matter too hard. Now, I don’t like to see you taking it this way, dear. This battle isn’t lost. Why, I thought you had more courage than this. Let me tell you something which you don’t seem to remember. Money will solve all this sometime. I’m winning in this fight right now, and I’ll win in others.” <…>