Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-06-13

phan and breakfast, opened the door
OF Kelvfn's Office Lillian started has
tily from the back Of Phillips chair,
over which she had been leaning. The
girl was confused, but the young man
vas not.
How nearly do you known" asked
Breed, ignoring the girl altogether.
Kelvin, his map put away now, bent
over a very large sheet of white card
board, ruled and cross ruled in blue
and red, and swept his eye across the
diagrammatically arranged figures.
"The situation clears up more the
further l go into it, said he. "Out Of
the panic we have emerged with
considerable profit in cash and with
actual possession Of IS per cent Of the
New York Central and about the same
Of the Pennsylvania, Southern and
Union Pacific, Northern Pacific, South
ern railway and New Haven groups.
These practically govern all other rail-
roads,"
Breed sat down upon the stiff settee
which Kelvin had insisted upon having
in this room instead Of padded NOR
ris chair. His beady eyes glittered
above his hawklike nose; his pointed
chin was tilted.
SIS it enough?" he asked. II want
absolute control Of every mile Of rail-
road in the United States"
II think you have enough replied
Kelvin.
Breed looked at him Questioningly,
then he turned sharply to his grand
daughter. Lillian, you had better run
along and get ready If you are going
out upon the links with US
Il want to stay" she declared.
"Grandfather, do you know what you
are doing to me? l have all the nerv-
Gus energy you failed to beQueath to
my father. You coop me up here. 1
must have an interest in something.
something big, or I shall go mad! l
tell you I shall die If l have no battle
to fight except myself and the So
cial inanities which Mrs. Rensselaer, Is
presumed to teach me before ! may
show myself in Madison avenue" she
declared. "As an ambition that does
not seem to promise much scope. l
want larger things. They cannot be
too large I, too, would build an en-
pire or destroy one"'
Kelvin looked quietly up at her. She
was a picture of striking beauty. but
there was about her 4 certain savage
ness, such as Lucrezia Borgia might
have had, Kelvin thought. or such as
animated the woman vultures Of the
French revolution.
Henry Breed was possessed Of no
such dramatic comparisons. leave
the room!' he said CURLY. She whirl-
ed upon her heel and strobe out the
door, slamming it behind her.
DR.. Zelphan followed her with his
eyes, but a half smile was still lurking
under his beard. The other two heav-
ed signs when she was gone. Breed
dismissed the episode Immediately.
"Now you may explain" he told kel-
vim.
"Well," said Kelvin, 1.-THE entire rail-
road map is changed since the panic.
All the names familiar to the rail-
road world have passed into history.
Next week they will have been forgot
IL
from the wreck"
Breed nodded his head in compre-
hension, and his thin, flexible lips bent
into cruel smile. II know" said
he 'There is red mark upon each
of their photographs"
Kelvin nodded briefly. But those
men have shown us the way. Let me
give you as an illustration the control
Of one man. For five years he denied
that he had any interest in a certain
large road. But there came time
when holding company in which he
was Interested had secured u per cent
Of the stock of that road, and this Is
per cent was the largest single minori-
ty holding The man In question held
in his own name less than 10 per cent
Of the stock Of the holding company.
but it was to the interest Of every
member that he nominate his own df-
rectors and control the destiny of the
company. Through this control, there
fore, he virtually possessed personally
that Is per cent of the stock OF the
big railroad. With that Is per cent
he sent in his own name an appeal to
the scattered stockholders for proxies,
and through his personal prestige he
came into the stockholders meeting
of the big road voting GO per cent Of
the stock and put through his own
slate Of directors and officers. Then.
through similar means and through
this one road. he controlled all It's
branches and dependents. aggregating
many thousands Of miles and all de
spite the fact that he himself actually