The San Francisco call., 1913-10-28
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Copyright, 1918, International News service)
Continued From Yesterday

Continued From Yesterday
A specter OF general revolution. OF
worldwide conflict of labor and capt.
tai, stalked the earth. But through
1t all the Tunnel company held up its
head. 1t was weak and lottery, but it
was there.
And this was the work of one man
Lloyd.
company must be engulfed in the gem
eral ruin unless heroic measures could
serve it, Allan went to Lloyd's house
and sat up all night with the aged but
still mentally alert financier.
AT 10 the next morning a conference
of the leading bankers and financiers
of the country, representatives of the
great European houses, and the di-
rectors of the Tunnel Syndicate was
held in the company's offices. And for
the first time in more than decade
the great "H' appeared in person
There was dead silence when he
irose to address the meeting. Spare and
slender. in a black frock coat, with
his yellow skinned, hairless, vulture
head rising above the white linen of
eyes blinking about the room as he
slowly turned his head from side to
side, there was a suggestion of rep
tilian strength, like the languid coll
ing of a cobra, that awed even these
masters of men and money AT his
first words thrill ran through the
little gathering.
The Syndicate must not fail!' he
said. The words were spoken slowly
and with measured disttnctness that
gave them remarkable impressive
ness The industrial situation in the
world today is bad enough without
this final catastrophe. II we permit
the Syndicate to fail-if we do not
meet our obligations on the second
day of January-no man can say what
will follow"
He paused for a few minutes. The
hush was almost painful
THRILLING WORDS
THE situation today Is the worst
that the world of business has ever
faced" he went on. But we must
not forget that II is our duty to see
that this black time does not grow
blacker. If we fail in this crisis the
industry of the world may be thrown
back half a century. We must not
faili"
u.
The slowly blinking eyes moved
around the circle and the master
spoke again.
Bad as is the situation. it could be
worse. The failure of the Syndicate
is all that could make it worse, and
there is no need that the Syndicate
fall If we proceed with wisdom and
courage we can save the industrial
world from further disaster. We can
not look elsewhere for help. We are
the court of last appeal in the world
of business. That world that we have
governed now looks to us for help. 1
say again, we must not fail!
80 much for our duty-so much
for our aim. 1t now remains to de-
wise ways and means. 1t is not my
intention to go into details. / can
leave that to the younger men who
are in immediate command. But we
must loose their hands-we must fill
their ammunition boxes. The gem
eral strike has worn itself out This
was inevitable. The strike could not
succeed because capital was as pow
erful as labor. Not capital" he cor
rected himself. but the field mar
shals of capital. the leaders of busi-
ness, were crippled by an inadequate
commissary.
AT all cost to ourselves we must
release the cash of the world. We
must make sacrifices-big sacrifices.
In the years to come we win make it
all up again. But today we must
make the sacrifices that the situation
demands.
THE vital point is the necessity
that the syndicate pay every cent of
interest on its loans on the second
day of January. We must stop at
nothing to attain that end.
II have spoken of this as a duty.
1t is more than that. 1t is a measure
of self-preservation. To that end 1
pledge every cent of my private for
tune. every security / hold that will
raise cash at any figure. Also, I
pledge every dollar that the banks
now under my control can raise by
any means in their power.
II wish to impress on you why
am doing this. Leaving our concep
tions of duty aside. If the Syndicate
fails. there will be no private for
tunes for us anywhere in the world.
The red ruin of revolution will engulf
us allr'
For weeks the papers of New York
and the other big cities of the world
had been printing encouraging re-
ports of the financial rehabilitation
of the Atlantic Tunnel syndicate.
New Years day was a subdued holi-
day in New York. There was a tense
feeling throughout the city. The ho-
tells were. crowded and even the lodg-
ing houses of the poor held more
than their usual quota of guests.
The Syndicate had announced that
it would without fail meet every OBJ
legation on the morning of January
2, but there were hundreds of>thou-
sands of panic cowed men who would
not believe until the money was in
their hands.
For the further strengthening of
public confidence the announcement
had been made that, wherever de-
sired, the payment or interest In sums
up to 800 would be made In cash at
the Syndicate building. All sums be-
yond that would be paid in checks
and the four biggest banks in New
York printed advertisements in all
the papers declaring that they would