Elk City mining news. (Elk City, Idaho) 1903-1913, 1908-05-30
The Roupell Mystery
q r a n v ii 1 e

but ultimately the loss falls on some
body"
And that somebody is the public who
cares for us-well-about as much as we
care for them"
Nj. Chabot remained closeted with the
banker for nearly an hour. settling the re-
naming details OF the dock scheme. A
printed draft of the prospectus had to
be gone over; the first directors of the
company had to be chosen, care being tax
en- TO place upon the board the names of
such capitalists as would inspire the pub
lie with confidence
Let me see" said the banker, running
ms eyes rapidly over list which he
held In his hand. I'VE have Liuuelet,
Bousent. of Bousent the elder Paltois-
he is good; and Max Raumont says he Is
with us In case we get to an issue. The
remainder of the board must be given to
the dock people. They will, of course,
expect some representation"
TO be sure" acQuiesced Chabot. but
we must contrive to have with us only
those who are open 10 arguments"
Yes, that is il, my friend; open 70
arguments" echoed the vicomte.
'Of your usually persuasive kind" add
ed Chabot. Every man has his price TO
be sure, nowadays"
And always did have. In these times,
commercial enterprises, my dear fellow,
assume proportions of which our ances-
tors never dreamed. They were Just as
dishonest then. if you call manipulation
dishonesty, which / candidly confess !
don't-but their ideas were smaller.
Hence the difference. Besides" he added,
laying his hand impressively upon the
others sleeve this thing must 20
through. j think you, above all others,
are aware Of the Necessity. The fact is
my dear Chabot. there have been many
heavy pulls on the Mutual Credit bank
lately. One cannot offer eight per cent on
special deposits and always be sure of
making more by using the depositors
money Then there was the dividend on
the Ardennes Charcoal and Peat Com
Dany. You know it was never earned
but we decided that il would be best to
pay one"
well, the consequence was yos placed
the bonds at par. didn't you1"
'At par 70 the public. Of course. but
Herr GOldstein's commission took the gilt
of the gingerbread However, he took
them all at eighty-iiye. ] could not have
placed them 70 such good advantage"
The Interest comes due on the six
teenth. ] suppose IL Is useless 10 cross
that bridge until We come 70 H."
Before the sixteenth this dock com
Dany will be- foated. The banks profit
Oh that will more than meet the Interest
Of ne Charcoal and Peat Company
bonds"
And II it isn't fostsdT hazarded
Chab0t
III d Isn't foated che inevitable crash
viii begin, " y can b. Rgerted in an
Other way my dear ChabOf, about which
! cannot talk ~ present Buf w. viii nof
anticipate evil Come, y0u must accom-
peny pe 10 tle bourse fAis morning. 4
have p heayy aeei pending, and shall neeo
Jour Assistance"
AZ tAe Ylcomte a. yaliar AID jules
flabof lefi fle o1ice ~ ~ Autuai
Credit ape Trust Company spall sized
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