Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1911-12-28
1,l;eckSl1
UWGEoRGE
I1AND0lph CHESTER.
1M&A2

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 a padded NOR
ris chair. His beady eyes glittered
above his hawklike nose; his pointed
chin was tilted
is 1t enoughY' he asked. IL want
absolute control Of every mile of rail-
road in the United States
Il 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 IL you are going
out upon the links with u.s.
II want to STAY" she declared
"Grandfather do you know what you
are doing to me? | have all the nerv-
Gus energy you failed to bequeath to
my father. You coop me up here. !
must have an interest in something.
something big. or l shall go mad. l
tell you shall die If 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. |. 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 a 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. samming it behind her.
DIR. Zelphan followed her with his
eyes. but n 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-
win.
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
ten. Not one of them can rise again
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 a 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 certain
large road But there came time
when holding company in which he
was interested had secured Is 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 1t was to the interest Of every
member that he nominate his own di-
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 60 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 its
branches and dependents. aggregating
many thousands of miles. and all de-
spite the fact that he himself actually
held not per cent Of the value of all
this stock
4 Breed nodded his head Il have a
fcheck mark upon that mans photo
graph too This deal was part Of
the pyramid which crushed him"
But it can't crush you" returned
Phillip. He poised his pencil over diff
ferent points In his diagram. where OPP
posite the name of each road was set
/, SITS total number of outstanding stocks
sand bonds.
You are the only man in the world
today who is able to bring practically
endless resources TO the support of
any project" he continued. For in
stance with an actual holding of less
thin per cent of the total stock of
all the railroad corporations in the
United States. you are able to domi-
nate every mile of iron highway. to
depose or elevate any man in the rail-
<nad husinpss from brakeman to prps-
ident--that Is. after you have taken
the reins. You have only one rival"
Breed raised his head quickly. "Rol-
7ins? he said
Sumner Rollins" repeated Kelvin.
"What made you think so? You
spoke of him Yesterday"