WEBVTT

NOTE III. Galt

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Chapter 3. Galt 1. It was true of Galt, as Harbinger said, that he had no friends. It was not, therefore, true that his world was full of enemies. He had many acquaintances, and no intimates. He was a solitary worker in the money vineyards, keeping neither feud nor tryst with any clan. His reputation in Wall Street was formless and cloudy. Everybody knew

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for 20 years he had been a pestiferous gadfly on the stock exchange, lighting here and there, turning up suddenly in situations where he had to be settled with or bought off, swaggering, bluffing, baiting, playing the greatest of all games of wit with skill and daring, and apparently getting nowhere in the end.

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Once he had engaged in a lone-handed fight with a powerful banking group over the reorganization of a railroad, demanding to be elected to the directorate as the largest minority stockholder.

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The bankers were indignant. The audacity of a stock market gambler wanting to sit on a railroad board. What would anybody think? He took his case to the courts and was beaten.

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Another time he unexpectedly appeared with actual control of a small railroad, having bought it surreptitiously during many months in the open marketplace.

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But as he held it mostly with credit borrowed from the banks, his position was vulnerable.

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It would not do for a gambler like this to own a railroad, the bankers said.

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So his loans were called away from him and he had to sell out at a heartbreaking loss.

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He was beaten again.

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He took his defeats grimly and returned each time to the practice of freelance speculation

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with private brokerage on the side.

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The unsuccessful of these two adventures caused him to be thought of as a man whose ambitions

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exceeded his powers.

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There were a great many facts about him, facts of record and facts of hearsay, but when they

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were brought together, the man was lost.

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Although he talked a great deal to anyone who would listen, he revealed nothing of himself.

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His office was one dark little room full of telephones, and he was never there.

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He carried his business in his head.

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Nobody positively spoke ill of him, or if one did, it was on ground of free suspicion,

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with nothing more specific to be alleged than that he turned a sharp corner.

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That is nothing to say.

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To go wide around corners in Wall Street is a mark of self-display.

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People neither liked nor disliked him.

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They simply had no place in their minds to put him.

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So they said, oh yes, Harry Galt, and shook their heads.

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They might say he was unsafe and take it back, remarking that he had never been insolvent.

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What they meant was that he was visionary.

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Generally, on the stock exchange, there is a shrewd consensus as to what a man is worth.

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Nobody had the remotest notion of what Galt was worth.

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It was believed that his fortune went up and down erratically.

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Between Galt and the President of the Great Midwestern, there was a strange relationship.

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Harbinger had said it was not one of friendship, perhaps not, yet it would be difficult to

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find any other name for it.

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Their association was constant.

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Galt did all of Valentine's private stock exchange business, as Harbinger said.

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What Harbinger did not know was that they were engaged in joint speculations under Galt's

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advice and direction.

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All of this, of course, could be without personal liking on either side.

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Galt was an excellent broker and an adroit speculator.

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Valentine never spoke of him without a kind of awe and a certain unease of manner.

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Galt's references to Valentine were oblique, sometimes irreverent to the verge of disrespect,

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but that was Galt.

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It did not imply dislike.

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On the President's return from Chicago, I mentioned the fact of having refused to give

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Galt the earnings.

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Quite right, he said.

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I ought to have told you about Mr. Galt.

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Is it all right to give him anything he wants, I asked.

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Remembering what Harbinger had said and wishing to test it for myself?

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He did not answer at once, nor directly.

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After walking about for several minutes, he said,

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Mr. Galt is becoming a large stockholder in the Great Midwestern Railroad.

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Why, I don't know.

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I cannot follow his process of thought.

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Our stock is very low.

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I don't know when, if ever, we shall be able to pay dividends on it again.

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But I cannot keep him from buying it.

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He is obstinate in his opinions.

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Is his judgment good in such matters, I asked?

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It isn't judgment, he said slowly.

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It isn't anything you can touch by reason.

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I suppose it is intuition.

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Do his intuitions prove in the sequel?

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He grew more restless and then stood for a long time gazing out of the window.

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It's queer, he said, speaking to himself.

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He has extraordinary foresight.

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I wish I could see with him now. If he is right, then everybody else is wrong. No, he

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cannot be right. He cannot be. Conditions are too plain.

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He doesn't see conditions as they are, I said.

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As they are, he repeated, starting, and then staring at me out of focus with recollected

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astonishment. He doesn't see them at all. They don't exist. What he sees is, is, well,

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Well no matter, he said, letting down suddenly and returning to his desk with a large gesture

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of sweeping something behind him.

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It was difficult to be friends with Henry Galt.

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His power of irritation was impish.

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None escaped its terrors, least of all those upon whom he bestowed his liking.

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He knew all their tender spots and kept them sore.

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No word of satire, derision, or petulance was ever restrained or missed its mark.

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His aim was unerring, and if you were not the victim, you wickedly understood the strength

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of the temptation.

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He not only made people feel little, he made them look little.

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What saved it, or made it utterly intolerable according to the point of view, was that having

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done this, he was scornful of his own ego's achievement, as to say, I may be greater than

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2, but that's no sign I am anything to speak of.

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There was a curious fact about his exhibitions of ungoverned feeling, either ecstasies or

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tantrums.

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He had no sense of physical dignity, and therefore no sensation ever of losing it.

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For that reason, he could bring off a most undignified scene in a manner to humiliate

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everyone but himself.

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Having behaved incorrigibly, he would suddenly stalk off in majestic possession of himself

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and leave others in a ludicrous plight with a sense of having suffered an unanswerable indignity.

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It delighted him to seize you up on some simple declaration of opinion, demand the reason,

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then the grounds of the reason, and run you off your wits with endless nagging questions.

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On handing him the weekly earnings one afternoon, I passed a word of unconsidered comment.

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He impeached it with a question. I defended it foolishly. He impeached the defense with another question. And this went on until I said,

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It was nothing in the beginning. I merely meant it to be civil, like passing the time of day. I'm sorry I spoke at all.

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Sorry spoils it, he said, otherwise very handsome. And he passed into the president's office for the long conference, which now was a daily fixture.

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They went away together, as usual. Presently, Galt alone returned, and said, in a very nice way,

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Come and have dinner with me, Coxie.

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When we were seated in the 6th Avenue L train, he resumed the inquisitive manner.

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Only now he flattered me by showing genuine interest in my answers.

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Had I seen the Board of Directors in action? How was I impressed?

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Who was the biggest man in the lot at a guess? Why so?

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What did I think of Valentine, of this and that one? Why?

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He not only made me recall my impressions, he obliged me to account for them, and he listened attentively.

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When we descended at 50th Street, he seemed not to notice that it was drizzling rain.

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There was no umbrella. We walked slowly south to 48th Street and turned east, talking all the time.

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The Galt house was tall, brown and conventional, lying safe within the fringe.

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It was near the middle of the block.

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Eastward, toward Fifth Avenue, as the scale of wealth ascended, there were several handsome houses.

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Westward, toward Sixth Avenue, at the extreme end of the block, you might suspect high-class board.

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But it is a long block. One end does not know the other.

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About the entrance, especially at the front door as Galt admitted us with a latch key, there was an effective stinted upkeep.

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Inside we were putting off our things with no sign of a servant, when suddenly a black and white cyclone swept down the hall,

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imperiling in its passage a number of things and threatening to overwhelm its own object,

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But instead, at the miraculous moment, it became rigid, gracefully executed, a flying slide on the tiled floor, and came to a perfect stop, with Galt in its arms.

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Safe, I shouted, filled with excitement and admiration.

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Natalie, said Galt, introducing her.

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She shook hands in a free, roguish manner, smiling with me at herself, without really, for an instant, taking her attention off Galt.

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You're wet, she said severely.

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No I'm not.

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You're soaking wet, she insisted, feeling and pinching him at the same time.

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You've got to change.

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I've got to do nothing of the kind, he said.

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We want to talk.

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Let us alone.

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To me, he said, come up to my room, and made for the stairway.

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Natalie, getting ahead of him, barred the way.

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You won't have a minute to talk, she said.

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Dinner is ready.

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Go in there.

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Oh, all right, all right, he growled, turning into the parlour.

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Almost before he could sit down, she was at him with a dry coat, holding it.

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Grumbling and pretending to be churlish, yet secretly much pleased, he changed garments,

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saying, Will that do you?

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For now, she said, smoothing the collar and giving him a little whack to finish.

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Mrs. Galt appeared.

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When Galt's mother, introduced simply and sweetly by her nursery name, Grandma Galt,

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there was an embarrassing pause.

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Where is Vera?

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Galt asked.

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Vera, I supposed, was the ferryboat girl.

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Nobody answered his question.

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Mrs. Galt, by an effort of strong intention, moved us silently toward the dining room.

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The house seemed bare, no pictures to look at, a few pieces of fine old furniture mixed

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with modern things, good rugs worn shabby, and no artistry of design or effect whatever,

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except in the middle room, between parlor and dining room, which contained a grand piano,

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some art objects, and a thought of color.

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Nothing in the house was positively ugly or in bad taste, nor in the total impression

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was there any uncomfortable suggestion of genteel poverty.

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What the environment seemed to express, all save that one middle room, was indifference.

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You will want to talk, said Mrs. Galt, placing me at the left of Galt, so that I faced Natalie,

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who sat at his right.

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This was the foot of the table.

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Mrs. Galt sat at the head of it, with Grandma Galt at her right and a vacant place at her

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left.

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Where is Vera?

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Galt asked again, beginning to develop symptoms.

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She isn't coming down, said Mrs. Galt, in a horizontal voice.

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Why not?

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asked Galt, beating the table.

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Why not?

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T-U-W, said Natalie, significantly, trying to catch his eye.

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But he either didn't hear, or purposely ignored her, and went on.

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She does this to spite me.

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She does it every time I bring anybody home.

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I won't have it.

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She's a monkey.

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She's a snob.

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I'll call her till she comes. Hey, Vera!

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Natalie had been shaking him by the arm, desperately trying to make him look at a figure formed with the fingers of her right hand.

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Evidently there was a code between them. She had already tried the cipher T-O-W, whatever that meant.

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And now this was the sign. If he would only look. But of course he wouldn't.

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Suddenly the girl threw herself around him, and though he resisted, she smothered him

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powerfully and whispered in his ear.

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Instantly the scene dissolved.

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She returned to her place, slightly flushed with the exertion.

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He sat up to the table, and dinner began to be served as if nothing unusual had taken

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place.

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Mrs. Galt addressed polite inquiries at me, spoke to the butler, conversed with Natalie,

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Not feverishly or in haste, but placidly, in a calm, level voice.

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She was a magnificent brunette woman, turning grey at a time of life and in a manner to

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make her look even younger and more striking than before.

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Her expression was trained, impersonal and weary, as that of one who knows the part too

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well to be surprised or taken unawares, and had forgotten what it was like to be interested

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without effort.

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There were lines suitable to every occasion.

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She knew them all and spoke them well, omitting nothing, slurring nothing, adding nothing.

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Her conversation, like her expression, was a guise.

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Back of that, there dwelt a woman.

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No one spoke to the old mother.

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I tried to talk to her.

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She became instantly rigid and remained so until I turned away, embarrassed.

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As I did so, Natalie was looking at me.

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Don't mind Grandma

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Wolf is truly impervious.

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The girl did not mind.

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She returned the look with a smile, just a little too winsome, as everything about her

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seemed a little too high in key or color, too extraordinary, too unexpected, or, like

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the girl in the perfumer's advertisement, a little too much to be true, not in any sense

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of being unreal, but as an entity altogether and unfortunately improbable.

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She had learned how to get what she wanted, and her way of getting it, one could imagine,

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was all that made life bearable in that household.

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Its sky was low and ominous, charged with a sense of psychic stress.

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I felt two conditions of conflict, one chronic and one acute.

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The feeling of there being something acute was suddenly deepened when the old mother

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spoke for the first and only time.

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Her voice was clear, precise, and commanded undivided attention.

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The question, she asked, gave me a queer start.

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What is the price of Great Midwestern today?

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Eight, said Galt, amid profound silence.

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That was all.

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Yet it was as if a spark had passed through inflammable gas.

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The same feeling was deepened further by another incident.

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Coxie, said Galt, addressing me rhetorically, what one thing has impressed you most in Wall

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Street?

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The unbelief of people in themselves, in each other, and in what they are doing, I replied.

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What's that?

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Say it again.

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I said it again, whereat he burst forth with shrill, discordant, exulting sounds, beating

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the china with a spoon and making for one person an incredible uproar.

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At the same time, he looked about him with a high air, especially at his wife, whose

223
00:17:26.960 --> 00:17:29.680
expression was perfectly blank.

224
00:17:29.680 --> 00:17:31.800
Natalie smiled grimly.

225
00:17:31.800 --> 00:17:33.480
The old mother was oblivious.

226
00:17:33.480 --> 00:17:38.640
I don't see anything in that, I said, when the racket subsided.

227
00:17:38.640 --> 00:17:40.080
There is, though, he said.

228
00:17:40.080 --> 00:17:45.920
You didn't mean to do it, but you hit him in the eye that time, square in the eye.

229
00:17:45.920 --> 00:17:47.240
Wow!

230
00:17:47.240 --> 00:17:51.560
He was very agreeably excited, and got up from the table.

231
00:17:51.560 --> 00:17:54.200
Come on, he said, we'll talk in my room.

232
00:17:54.200 --> 00:17:59.900
I'll send your coffee up, Mrs. Galt called after us as he bore me off.

233
00:17:59.900 --> 00:18:06.240
This is where I live and play, he said, applying a latch key to a door at the top of the stairway.

234
00:18:06.240 --> 00:18:11.520
He went in first to get the light on, saying, I don't let anybody in here but Natalie.

235
00:18:11.520 --> 00:18:14.740
She can dust it up without touching anything.

236
00:18:14.740 --> 00:18:20.820
The room was a workshop in that state of involved disorder, tools all scattered about, which

237
00:18:20.820 --> 00:18:24.940
which is sign and measure of the craftsman's engrossment.

238
00:18:24.940 --> 00:18:31.340
There was an enormous table piled high at both ends with papers, briefs, maps, charts,

239
00:18:31.340 --> 00:18:35.880
blueprints, files, pamphlets and stuffed envelopes.

240
00:18:35.880 --> 00:18:41.180
Books were everywhere, on the table, on the chairs, on the floor, many of them open, faces

241
00:18:41.180 --> 00:18:47.520
up and faces down, straddled one upon another leapfrog fashion, arranged in series with

242
00:18:47.520 --> 00:18:55.480
with Weights to Hold Them Flat, Books Sprawling, Leaning, Prone, Poors Manual of Railway Statistics,

243
00:18:55.480 --> 00:19:00.960
The Financial Chronicle, Statistical Abstract of the United States, Economics of Railroad

244
00:19:00.960 --> 00:19:06.600
Construction, History of the Erie Railroad, The Yardmaster's Assistant, such were the

245
00:19:06.600 --> 00:19:08.480
titles.

246
00:19:08.480 --> 00:19:13.080
Against the right wall, to a height of six feet, were bookshelves filled with all the

247
00:19:13.080 --> 00:19:19.960
to Contemporary Financial and Commercial Periodicals in Bound Volumes, Almanacs, Endless Books

248
00:19:19.960 --> 00:19:26.120
of Statistical Reference and the Annual Reports of Various Railway Corporations running back

249
00:19:26.120 --> 00:19:28.340
for many years.

250
00:19:28.340 --> 00:19:34.120
On top of the shelves was the only decorative thing in the room, a beautiful working model

251
00:19:34.120 --> 00:19:40.720
of a locomotive, perfect in every intricate part, mounted in brass and set upon a nickel-plated

252
00:19:40.720 --> 00:19:43.640
Section of Railway.

253
00:19:43.640 --> 00:19:48.400
One could have guessed without seeing him that the occupant of this room was restless,

254
00:19:48.400 --> 00:19:54.320
never at physical ease, and worked all over the place, sitting here and there, lying down

255
00:19:54.320 --> 00:19:56.320
and walking about.

256
00:19:56.320 --> 00:20:02.080
On the left side of the room was a couch, and close beside it at one end a Morris chair,

257
00:20:02.080 --> 00:20:04.660
a reading light between them.

258
00:20:04.660 --> 00:20:09.920
Both the couch and the chair showed nervous wear and tear, and beyond the table in the

259
00:20:09.920 --> 00:20:14.640
The clear space, the rug, had been pasted threadbare.

260
00:20:14.640 --> 00:20:19.560
Most of the available wall area was covered with maps and colored charts.

261
00:20:19.560 --> 00:20:22.040
I walked about looking at them.

262
00:20:22.040 --> 00:20:27.800
Galt removed his shoes, put on slippers, got into a ragged lounging jacket and threw himself

263
00:20:27.800 --> 00:20:34.040
on the couch, where he lay for some time watching me with the air of one who waits only to pop

264
00:20:34.040 --> 00:20:37.440
open at the slightest touch in the right place.

265
00:20:37.440 --> 00:21:00.440
What is this? I asked, staring at a large map which showed the Great Midwestern in heavy red lines, as I fairly well knew it, but with such ramified extensions in blue lines as to make it look like a gigantic double-ended animal with its body lying across the continent and its tentacles flung wide in the east and west.

266
00:21:00.440 --> 00:21:04.440
That's crystal gazing, he said. It's what?

267
00:21:04.440 --> 00:21:09.400
What may be, he said, coming off the couch with a spring.

268
00:21:09.400 --> 00:21:13.720
As he passed the table, he snatched up a ruler to point with.

269
00:21:13.720 --> 00:21:20.580
See, there was the Great Midwestern alone, all there was of it, from there to there.

270
00:21:20.580 --> 00:21:26.740
It was like a desert bridge from east to west, or, better still, like a strait connecting

271
00:21:26.740 --> 00:21:29.860
two vast oceans of freight.

272
00:21:29.860 --> 00:21:36.180
It was not so placed as to be able to originate traffic for itself, not profitably, yet that

273
00:21:36.180 --> 00:21:41.660
is what it had always been trying to do instead of attending exclusively to its own unique

274
00:21:41.660 --> 00:21:43.140
function.

275
00:21:43.140 --> 00:21:48.260
Its opportunity was to become the Dardanelles of transcontinental traffic.

276
00:21:48.260 --> 00:21:53.300
To realize its destiny, it must control traffic at both ends.

277
00:21:53.300 --> 00:21:54.300
How?

278
00:21:54.300 --> 00:22:00.360
Why, by controlling railroads east and west that developed and originated freight as a

279
00:22:00.360 --> 00:22:05.780
river gathers water by a system of branches reaching up to the springs.

280
00:22:05.780 --> 00:22:07.900
And those blue lines, see?

281
00:22:07.900 --> 00:22:14.480
They were those other roads which the Great Midwestern should control in its own interest.

282
00:22:14.480 --> 00:22:20.100
He turned to a chart ten feet long by four feet deep, hung level with the eyes on the

283
00:22:20.100 --> 00:22:21.960
opposite wall.

284
00:22:21.960 --> 00:22:27.560
The heavy black line erratically rising and falling against a background of graduated

285
00:22:27.560 --> 00:22:33.120
horizontal lines was an accurate profile of the Great Midwestern for the whole of its

286
00:22:33.120 --> 00:22:34.120
length.

287
00:22:34.120 --> 00:22:39.440
That is, a cross-section of the earth showing the configuration of its surface under the

288
00:22:39.440 --> 00:22:42.920
GM Railroad's ties and rails.

289
00:22:42.920 --> 00:22:44.920
It was unique, he said.

290
00:22:44.920 --> 00:22:49.240
Never had such a thing been done on this scale before.

291
00:22:49.240 --> 00:22:53.400
The purpose was to exhibit the grades in a graphic manner.

292
00:22:53.400 --> 00:22:57.860
There were many bad grades, each one like a hole in the pocket.

293
00:22:57.860 --> 00:22:59.960
His knowledge was minute.

294
00:22:59.960 --> 00:23:07.360
Now from here to here, he said, indicating 100 miles of profile with low grades, it costs

295
00:23:07.360 --> 00:23:12.840
half a cent to move a ton of freight one mile, and that pays.

296
00:23:12.840 --> 00:23:19.560
But from here to here, indicating a sudden rise in the next fifty miles, it costs three

297
00:23:19.560 --> 00:23:25.640
cents per tonne per mile, and all the profit made in the preceding one hundred miles is

298
00:23:25.640 --> 00:23:28.160
lost on that one grade.

299
00:23:28.160 --> 00:23:31.560
What can be done about it, I asked.

300
00:23:31.560 --> 00:23:37.360
Cut that grade down from one hundred fifty to fifty feet in the mile, he said, slicing

301
00:23:37.360 --> 00:23:46.160
It would take a lot of labor and money, wouldn't it?

302
00:23:46.160 --> 00:23:51.840
Well, what of all this unemployment, bellyache you and old bubbly jock are writing pieces

303
00:23:51.840 --> 00:23:53.680
about, he retorted.

304
00:23:53.680 --> 00:23:56.000
You say there is more labor than work.

305
00:23:56.000 --> 00:24:01.240
I'll show you more work to be done on the railroads than you can find labor in a generation

306
00:24:01.240 --> 00:24:02.240
for.

307
00:24:02.240 --> 00:24:04.920
All right, you say, but then it's the money.

308
00:24:04.920 --> 00:24:09.180
The Great Midwestern hasn't got the money to spend on that grade.

309
00:24:09.180 --> 00:24:10.180
True.

310
00:24:10.180 --> 00:24:13.980
Like all other roads with bad grades, it's hard up.

311
00:24:13.980 --> 00:24:18.120
But it could borrow the money and earn big dividends on it.

312
00:24:18.120 --> 00:24:21.840
Track leveling pays better than gold mining.

313
00:24:21.840 --> 00:24:24.400
You and Coxie ought to confer, I said.

314
00:24:24.400 --> 00:24:26.260
You are not so far apart.

315
00:24:26.260 --> 00:24:30.720
He wants the government to create work by the simple expedient of borrowing money to

316
00:24:30.720 --> 00:24:32.360
build good roads.

317
00:24:32.360 --> 00:24:37.080
And here you say the railroads, if they would borrow money to reduce their grades, might

318
00:24:37.080 --> 00:24:40.880
employ all the idle labor there is.

319
00:24:40.880 --> 00:24:45.920
He gave me a queer look, as if undecided whether to answer in earnest.

320
00:24:45.920 --> 00:24:50.360
Coxie is technically crazy, he said, and I'm technically sane.

321
00:24:50.360 --> 00:24:52.360
That may be the principal difference.

322
00:24:52.360 --> 00:24:56.000
Besides, it isn't the government's business.

323
00:24:56.000 --> 00:24:59.240
This diversion gave his thoughts a more general character.

324
00:24:59.240 --> 00:25:05.520
For three hours he walked about talking railroads, how they got built so badly in the first place,

325
00:25:05.520 --> 00:25:11.840
why so many were bankrupt, errors of policy, capital cost, upkeep, the relative merits

326
00:25:11.840 --> 00:25:17.720
of different kinds of equipment, new lines of development, problems of operation.

327
00:25:17.720 --> 00:25:20.200
For this was the stuff of his dreams.

328
00:25:20.200 --> 00:25:21.600
He devoured it.

329
00:25:21.600 --> 00:25:27.520
The idea of a railroad as a means to power filled the whole of his imagination.

330
00:25:27.520 --> 00:25:30.160
It was man's most dynamic tool.

331
00:25:30.160 --> 00:25:33.440
No one had yet imagined its possibilities.

332
00:25:33.440 --> 00:25:35.200
He became romantic.

333
00:25:35.200 --> 00:25:39.960
His feeling for a locomotive was such as some men have for horses.

334
00:25:39.960 --> 00:25:45.360
The locomotive, he said, suddenly breaking off another thought to let that one through,

335
00:25:45.360 --> 00:25:52.080
the locomotive was more wonderful than any automotive thing God had placed on earth.

336
00:25:52.080 --> 00:25:55.280
According to the book of Job, God boasted of the horse.

337
00:25:55.280 --> 00:25:58.080
Well, look at it alongside of a locomotive.

338
00:25:59.200 --> 00:26:04.320
He never went back to finish what he was saying when the image of a locomotive interrupted his

339
00:26:04.320 --> 00:26:10.480
thought. Instead, he became absent and began to look slowly about the room as if he had lost

340
00:26:10.480 --> 00:26:16.720
something. I understood what had happened. He was seized with the premonition of an idea.

341
00:26:16.720 --> 00:26:23.840
He felt it before he could see it. It had to be helped out of the fog. I made gestures of going,

342
00:26:23.840 --> 00:26:37.800
2.

343
00:26:37.800 --> 00:26:39.700
He did not come down with me.

344
00:26:39.700 --> 00:26:42.900
He did not even come to the door of his own room.

345
00:26:42.900 --> 00:26:45.840
As I closed it, I saw his back.

346
00:26:45.840 --> 00:26:51.460
He was leaning over the table in a humped posture, his head sideways and his left hand

347
00:26:51.460 --> 00:26:55.940
Writing or ciphering rapidly on a sheet of yellow paper.

348
00:26:55.940 --> 00:27:00.380
Good for the rest of the night, I thought, as I went down the dimly lighted stairs, got

349
00:27:00.380 --> 00:27:04.580
my things, and let myself into the vestibule.

350
00:27:04.580 --> 00:27:10.020
The inner door came too behind me with a bang, because the outer door was partly open and

351
00:27:10.020 --> 00:27:12.940
a strong draft swept through.

352
00:27:12.940 --> 00:27:18.180
At the same instant I became aware of a woman's figure in the darkness of the vestibule.

353
00:27:18.180 --> 00:27:24.180
She was dry, therefore she could not be just coming in, for a cold rain was falling.

354
00:27:24.180 --> 00:27:28.880
And if she had just come out, why hadn't I seen her in the hallway?

355
00:27:28.880 --> 00:27:31.900
But why was I obliged to account for her at all?

356
00:27:31.900 --> 00:27:33.640
It was unimportant.

357
00:27:33.640 --> 00:27:37.500
Probably she had been hesitating to take the plunge into the nasty night.

358
00:27:37.500 --> 00:27:39.700
I felt rather silly.

359
00:27:39.700 --> 00:27:45.060
First I had been startled and then I had hesitated, and now it was impossible to speak in a natural

360
00:27:45.060 --> 00:27:46.060
manner.

361
00:27:46.060 --> 00:27:49.100
My impulse was to bolt it in silence.

362
00:27:49.100 --> 00:27:55.220
Then to my surprise she moved ahead of me, stood outside, and handed me her umbrella.

363
00:27:55.220 --> 00:27:57.480
I raised it and held it over her.

364
00:27:57.480 --> 00:27:59.340
We descended the steps together.

365
00:27:59.340 --> 00:28:02.620
I'm going toward Fifth Avenue, I said.

366
00:28:02.620 --> 00:28:07.140
She turned with me in that direction, saying, I was waiting for you.

367
00:28:07.140 --> 00:28:08.460
You are Vera?

368
00:28:08.460 --> 00:28:09.460
Yes.

369
00:28:09.460 --> 00:28:11.700
The ferryboat girl, I added.

370
00:28:11.700 --> 00:28:12.700
The what?

371
00:28:12.700 --> 00:28:13.700
Nothing.

372
00:28:13.700 --> 00:28:14.700
Go on.

373
00:28:14.700 --> 00:28:19.100
She did not answer immediately.

374
00:28:19.100 --> 00:28:24.340
We walked in silence to the next light, where she turned and gave me a frankly inquisitive

375
00:28:24.340 --> 00:28:25.340
look.

376
00:28:25.340 --> 00:28:30.460
Oh, she said, oh what, said I, you don't remember me?

377
00:28:30.460 --> 00:28:34.740
Nothing, she answered, giving me a second look, glance-wise.

378
00:28:34.740 --> 00:28:38.060
Two nothings make it even, she added.

379
00:28:38.060 --> 00:28:40.220
There was an awkward pause.

380
00:28:40.220 --> 00:28:41.760
May I ask you something?

381
00:28:41.760 --> 00:28:45.760
You are with the Great Midwestern, in Mr. Valentine's office?

382
00:28:45.760 --> 00:28:46.760
Yes.

383
00:28:46.760 --> 00:28:49.200
I have no one else to ask, she said.

384
00:28:49.200 --> 00:28:50.900
You will be surprised.

385
00:28:50.900 --> 00:28:51.940
It is this.

386
00:28:51.940 --> 00:28:56.060
Do you think Great Midwestern stock a good investment?

387
00:28:56.060 --> 00:28:58.580
I was angry and uncomfortable.

388
00:28:58.580 --> 00:29:00.540
Why was she asking me?

389
00:29:00.540 --> 00:29:02.000
But she wasn't really.

390
00:29:02.000 --> 00:29:04.520
She was coming at something else.

391
00:29:04.520 --> 00:29:09.420
I haven't any opinion, I said, and that isn't what you mean.

392
00:29:09.420 --> 00:29:14.260
We were now in Fifth Avenue and had stopped in the doorway of a lighted shop to be out

393
00:29:14.260 --> 00:29:15.980
of the rain.

394
00:29:15.980 --> 00:29:20.460
She blushed at my answer and at the same time gave me a look of scrutiny.

395
00:29:20.460 --> 00:29:23.420
I had to admire the way she held to her purpose.

396
00:29:23.420 --> 00:29:28.460
I am very anxious to know what Mr. Valentine's opinion is, she said.

397
00:29:28.460 --> 00:29:30.500
That's better, I replied.

398
00:29:30.500 --> 00:29:32.940
But why should you want even his opinion?

399
00:29:32.940 --> 00:29:36.380
Your father knows more about grade Midwestern than its president.

400
00:29:36.380 --> 00:29:38.300
More than any other one person.

401
00:29:38.300 --> 00:29:41.300
Why Not Get His Opinion

402
00:29:41.300 --> 00:29:47.620
Until that moment she had perfectly disguised a state of anxiety verging upon hysteria.

403
00:29:47.620 --> 00:29:50.780
Suddenly her powers of self-repression failed.

404
00:29:50.780 --> 00:29:54.280
My reference to her father caused the strings to snap.

405
00:29:54.280 --> 00:29:57.740
Her expression changed as if a mask had fallen.

406
00:29:57.740 --> 00:30:02.340
The grief muscles all at once relaxed and the pretty frown they had been holding in

407
00:30:02.340 --> 00:30:04.280
the forehead disappeared.

408
00:30:04.280 --> 00:30:05.780
Her eyes flamed.

409
00:30:05.780 --> 00:30:10.220
Her upper lip retracted on one side, showing the canine tooth.

410
00:30:10.220 --> 00:30:15.540
Her giving way to strong emotion in this manner was a kind of pagan revelation.

411
00:30:15.540 --> 00:30:19.380
It did not in the least distort her beauty, but made it terrible.

412
00:30:19.380 --> 00:30:25.180
This, as I learned in time, was the only one of her effects of which she was altogether

413
00:30:25.180 --> 00:30:26.180
unconscious.

414
00:30:26.180 --> 00:30:29.300
We know his opinion, she said.

415
00:30:29.300 --> 00:30:31.000
We take it with our food.

416
00:30:31.000 --> 00:30:34.880
He is putting everything we have into great Midwestern stock.

417
00:30:34.880 --> 00:30:40.880
his own money, the family's money, mother's, Natalie's, grandma's, and now mine.

418
00:30:40.880 --> 00:30:41.880
Without your consent?

419
00:30:41.880 --> 00:30:44.880
I don't understand it, I said.

420
00:30:44.880 --> 00:30:47.120
The money in our family is divided.

421
00:30:47.120 --> 00:30:48.900
Each of us has a little.

422
00:30:48.900 --> 00:30:51.500
Most of it is from mother's side of the house.

423
00:30:51.500 --> 00:30:56.500
My father and grandma are trustees of a sum that will come to me from my uncle's estate

424
00:30:56.500 --> 00:30:58.460
when I am 21.

425
00:30:58.460 --> 00:31:01.320
It is enough to make me independent for life.

426
00:31:01.320 --> 00:31:04.320
They are putting that into this stock.

427
00:31:04.320 --> 00:31:08.520
Is it a proper investment for trust funds, I ask you?

428
00:31:08.520 --> 00:31:10.840
I felt I ought not to be listening.

429
00:31:10.840 --> 00:31:14.560
Still, I had not encouraged these intimate disclosures.

430
00:31:14.560 --> 00:31:19.640
She was old enough to know what she was doing, and most of all, the information was dramatically

431
00:31:19.640 --> 00:31:20.640
interesting.

432
00:31:20.640 --> 00:31:26.160
I was obliged to say that by all the rules, great Midwestern stock would not be considered

433
00:31:26.160 --> 00:31:28.760
a proper investment for trust funds.

434
00:31:28.760 --> 00:31:31.280
I've protested, she said.

435
00:31:31.280 --> 00:31:33.280
I've threatened to take steps.

436
00:31:33.280 --> 00:31:34.280
Poo!

437
00:31:34.280 --> 00:31:50.720
It may turn out well, I said.

438
00:31:50.720 --> 00:31:54.080
It isn't as if this were the first time, she continued.

439
00:31:54.080 --> 00:31:56.640
Twice he has had us on the rocks.

440
00:31:56.640 --> 00:32:02.000
Twice he has lost all our money, all that he could get his hands on in the same way,

441
00:32:02.000 --> 00:32:07.060
Getting it into a railroad that he hoped to get control of or something, and going smash

442
00:32:07.060 --> 00:32:08.800
at the end.

443
00:32:08.800 --> 00:32:14.000
Once when I was a little girl, and again three years ago, today on the train I heard two

444
00:32:14.000 --> 00:32:19.600
men talking about a receiver ship for the Great Midwestern as if it were inevitable.

445
00:32:19.600 --> 00:32:21.440
What would that mean?

446
00:32:21.440 --> 00:32:24.240
It would be very disagreeable, I said.

447
00:32:24.240 --> 00:32:27.240
That's almost the same as bankruptcy, isn't it?

448
00:32:27.240 --> 00:32:33.260
It is bankruptcy, I said, but I added that rumors just then were very wild in Wall Street

449
00:32:33.260 --> 00:32:38.500
and so false in general that the worse they were, the less they were heeded, people reacting

450
00:32:38.500 --> 00:32:42.080
to them in a disbelieving, contrary manner.

451
00:32:42.080 --> 00:32:44.280
She shook her head doubtfully.

452
00:32:44.280 --> 00:32:48.340
Are you going to tell me what Mr. Valentine's opinion is?

453
00:32:48.340 --> 00:32:51.960
He would not recommend anyone to buy the stock just now, I said.

454
00:32:51.960 --> 00:32:54.800
He makes no secret of seeing darkly.

455
00:32:54.800 --> 00:32:59.600
The Rocks again, she said, and no more legacies to save us.

456
00:32:59.600 --> 00:33:03.440
Nearly all of our rich relatives are already dead.

457
00:33:03.440 --> 00:33:05.600
The Realism of Youth

458
00:33:05.600 --> 00:33:09.720
I could not resist the opportunity to ask one question.

459
00:33:09.720 --> 00:33:14.840
I can understand your case, I said, but the others, your mother and grandmother, they

460
00:33:14.840 --> 00:33:16.060
are not helpless.

461
00:33:16.060 --> 00:33:19.840
Why do they hand over their money for these adventures in high finance?

462
00:33:19.840 --> 00:33:23.200
Or perhaps they believe in your father's star?

463
00:33:23.200 --> 00:33:28.940
No more than I believe in it, she replied. No, it isn't that. They can't help it.

464
00:33:28.940 --> 00:33:33.240
She looked at me from afar through a haze of recollections, and repeated the thought

465
00:33:33.240 --> 00:33:40.640
to herself, wondering. They cannot help it. We cannot say no. Even I cannot say it. What

466
00:33:40.640 --> 00:33:45.240
he wants, he gets. She shivered.

467
00:33:45.240 --> 00:33:47.940
Will you walk back with me, please?

468
00:33:47.940 --> 00:33:49.580
It was still raining.

469
00:33:49.580 --> 00:33:52.220
We walked all the way back in silence.

470
00:33:52.220 --> 00:33:56.940
At the step, she reached for her umbrella, said thank you, and stepped inside.

471
00:33:56.940 --> 00:33:59.540
The door closed with a slam.

472
00:33:59.540 --> 00:34:04.860
That could have been the draft again, provided the inner door stood open, which seemed very

473
00:34:04.860 --> 00:34:06.940
improbable.

474
00:34:06.940 --> 00:34:12.420
What left me furious, gave me once more that hot, humiliated feeling which resulted from

475
00:34:12.420 --> 00:34:17.060
our first encounter on the ferry boat, was the same thing again.

476
00:34:17.060 --> 00:34:22.200
She had spoken my name, she had solicited a favor, she had employed blandishments, she

477
00:34:22.200 --> 00:34:28.040
had exposed the family's closet of horrors, and all the time I might have been a person

478
00:34:28.040 --> 00:34:33.280
in a play, a non-existent giraffe, or one of Cleopatra's eunuchs.
