NOT for nothing had Regan been named by his associates, The Wolf of Wall Street! While usually no more than a conservative, large-scale player, ever SO' often, like a periodical drinker, he had to go on a rampage of wild and daring stock-gambling. At least five times in his long career had he knocked the bottom out of the market or lifted the roof off, and each time to the tune of a personal gain of millions. He never went on a small rampage, and he never went too often.
He would let years of quiescence slip by, until suspicion of him was lulled asleep and his world deemed that the Wolf was at last grown old and peaceable. And then, like a thunderbolt, he would strike at the men and interests he wished to destroy. But, though the blow always fell like a thunderbolt, not like a thunderbolt was it in its inception. Long months, and even years, were spent in deviously preparing for the day and painstakingly maturing the plans and conditions for the battle.
Thus had it been in the outlining and working up of the impending Waterloo for Francis Morgan. Revenge lay back of it, but it was revenge against a dead man. Not Francis, but Francis' father, was the one he struck against, although he struck through the living into the heart of the grave to accomplish it. Eight years he had waited and sought his chance ere old R.H.M. — Richard Henry Morgan — had died. But no chance had he found. He was, truly, the Wolf of Wall Street, but never by any luck had he found an opportunity against the Lion for to his death R.H.M. had been known as the Lion of Wall Street.
So, from father to son, always under a show of fair appearance, Regan had carried the feud over. Yet Regan's very foundation on which he built for revenge was meretricious and wrongly conceived. True, eight years before R.H.M.'s death, he had tried to double-cross him and failed; but he never dreamed that E.H.M. had guessed. Yet E.H.M. had not only guessed but had ascertained beyond any shadow of doubt, and had promptly and cleverly doublecrossed his treacherous associate. Thus, had Regan known that E.H.M. knew of his perfidy, Regan would have taken his medicine without thought of revenge. As it was, believing that E.H.M. was as bad as himself, believing that E.H.M., out of meanness as mean as his own, without provocation or suspicion, had done this foul thing to him, he saw no way to balance the account save by ruining him, or, in lieu of him, by ruining his son.
And Regan had taken his time. At first Francis had left the financial game alone, content with letting his money remain safely in the safe investments into which it had been put by his father. Not until Francis had become for the first time active in undertaking Tampico Petroleum to the tune of millions of investment, with an assured many millions of ultimate returns, had Regan had the ghost of a chance to destroy him. But, the chance given, Regan had not wasted time, though his slow and thorough campaign had required many months to develop. Ere he was done, he came very close to knowing every share of whatever stock Francis carried on margin or owned outright.
It had really taken two years and more for Regan to prepare. In some of the corporations in which Francis owned heavily, Regan was himself a director and no inconsiderable arbiter of destiny. In Frisco Consolidated he was president. In New York, Vermont and Connecticut he was vicepresident. From controlling one director in Northwestern Electric, he had played kitchen politics until he controlled the two-thirds majority. And so with all the rest, either directly, or indirectly through corporation and banking ramilications, he had his hand in the secret springs and levers of the financial and business mechanism which gave strength to Francis' fortune.
Yet no one of these was more tl: an a bagatelle compared with the biggest thing of all Tampico Petroleum. In this, beyond a paltry twenty thousand shares bought on the open market, 'Regan owned nothing, controlled nothing, though the time was growing ripe for him to sell and deal and juggle in inordinate quantities. Tampico Petroleum was practically Francis' private preserve. A number of his friends were, for them, deeply involved, Mrs. Carruthers even gravely so. She worried him, and was not even above pestering him over the telephone. There were others, like Johnny Pathmore, who never bothered him at all, and who, when they met, talked carelessly and optimistically about the condition of the market and financial things in general. All of which was harder to bear than Mrs. Carruthers' perpetual nervousness.
Northwestern Electric, thanks to Regan's machinations, had actually dropped thirty points and remained there. Those on the outside who thought they knew, regarded it as positively shaky. Then there was Ihe little, old, solidas-the-rock-of-Gibraltar Frisco Consolidated. The nastiest of rumors were afloat, and the talk of a receivership was growing emphatic. Montana Lode was still sickly under Mulhaney's unflattering and unmodified report, and Weston, the great expert sent out by the English investors, had failed to report anything reassuring. For six months, Imperial Tungsten, earning nothing, had been put to disastrous expense in the great strike which seemed only just begun. Nor did anybody, save the several labor leaders who knew, dream that it was Regan's gold that was at the bottom of the affair.
The secrecy and the deadliness of the attack was what unnerved Bascom. All properties in which Francis was interested were being pressed down as if by a slow-moving glacier. There was nothing spectacular about the movement, merely a steady persistent decline that made Francis' large fortune shrink horribly. And, along with what he owned outright, what he bsld on margin suffered even greater shrinkage.
Then had come rumors of war. Ambassadors were receiving their passports right and left, and half the world seemed mobilizing. This was the moment, with the market shaken and panicky, and with the world powers delaying in declaring moratoriums, that Regan selected to strike. The time was ripe for a bear raid, and with him were associated half a dozen other big bears who tacitly accepted his leadership. But even they did not know the full extent of his plans, nor guess at the specific direction of them. They were in the raid for what they could make, and thought he was in it for the same reason, in their simple directness of pecuniary vision catching no glimpse of Francis Morgan nor of his ghostly father at whom the big blow was being struck.
Regan's rumor factory began working overtime, and the first to drop and the fastest to drop in the dropping market were the stocks of Francis, which had already done consider able dropping ere the bear market began. Yet Regan was careful to bring no pressure on Tampico Petroleum. Proudly it held up its head in the midst of the general slump, and eagerly Kegan waited for the moment of desperation when Francis would be forced to dump it on the market to cover his shrunken margins in other lines.
"Lord! Lord!"
Bascom held the side of his face in the palm of one hand and grimaced as if he had a jumping toothache.
"Lord! Lord!" he reiterated. "The market's gone to smash and Tampico Pet along with it. How she slumped! Who'd have dreamed it!"
Francis, puffing steadily away at a cigarette and quite oblivious that it was unlighted, sat with Bascom in the latter's private office.
"It looks like a fire-sale," he vouchsafed.
"That won't last longer than this time to-morrow morning then you'll be sold out, and me with you," his broker simplified, with a swift glance at the clock.
It marked twelve, as Francis' swiftly automatic glance verified.
"Dump in the rest of Tampico Pet," he said wearily. "That ought to hold back until to-morrow."
"Then what to-morrow?" bis broker demanded, "with the bottom out and everybody including the office boys selling short."
Francis shrugged his shoulders. "You know I've mortgaged— the house, Dreamwold, and the Adirondack Camp to the limit."
"Have you any friends?"
"At such a time!" Francis countered bitterly.
"Well, it's the very time," Bascom retorted. "Look here, Morgan. I know the set you ran with at college. There's Johnny Pathmore-"
"And he's up to his eyes already. When I smash he smashes. And Dave Donaldson will have to readjust his life to about one hundred and sixty a month. And as for Chris Westhouse, he'll have to take to the movies for a livelihood. He always was good at theatricals, and I happen to know he's got the ideal "film "face."
"There's Charley Tippery," Bascom suggested, though it was patent that he was hopeless about it.
Yes," Francis agreed with equal hopelessness. "There's only one thing the matter with him his father still lives."
"The old cuss never took a flyer in his life," Bascom supplemented. "There's never a time he can't put his hand on millions. And he still lives, worse luck."
"Charley could get him to do it, and would, except the one thing that's the matter with me."
"No securities left?" his broker queried.
Francis nodded.
Catch the old man parting with a dollar without due security."
Nevertheless, a few minutes later, hoping to find Charley Tippery in his office during the noon hour, Francis was sending in his card. Of all jewelers and gem merchants in New York, the Tippery establishment was the greatest. Not only that. It was esteemed the greatest in the world. More of the elder Tippery's money was invested in the great Diamond Corner, than even those in the know of most things knew of this particular thing.
The interview was as Francis had forecast. The old man still held tight reins on practically everything, and the son had little hope of winning his assistance.
"I know him," he told Francis. "And though I'm going to wrestle with him, don't pin an iota of faith on the outcome. I'll go to the mat with him, but that will be about all. The worst of it is that he has the ready cash, to say nothing of oodles and oodles of safe securities and United States bonds. But you see, Grandfather Tippery, when he was young and struggling and founding the business, once loaned a friend a thousand. He never got it back, and he never got over it. Nor did Father Tippery ever get over it either. The experience seared both of them. Why, father wouldn't lend a penny on the North Pole unless he got the Pole for security after having had it expertly appraised. And you haven't any security, you see. But I'll tell you what. I'll wrestle with the old man to-night after dinner. That's his most amiable mood of the day, And I'll hustle around on my own and see what I can do. Oh, I know a few hundred thousand won't mean anything, and I'll do my darnedest for some— thing big. Whatever happens, I'll be at your house at nine to-morrow-"
"Which will be my busy day," Francis smiled wanly, as they shook hands. "I'll be out of the house by eight."
"And I'll be there by eight then," Charley Tippery responded, again wringing his hand heartily. "And in the meantime I'll get busy. There are ideas already beginning to sprout…"
Another interview Francis had that afternoon. Arrived back at his broker's office, Bascom told him that Regan had called up and wanted to see Francis, saying that he had some interesting information for him.
"I'll run around right away," Francis said, reaching for his hat, while his face lighted up with hope. "He was an old friend of father's, and if anybody could pull me through, he could."
"Don't be too sure," Bascom shook his head, and paused reluctantly a moment before making confession. " I called him up just before you returned from Panama. I was very frank. I told him of your absence and of your perilous situation here, and oh, yes, flatly and flat out asked him if I could rely on him in case of need. And he baffled. You know anybody can baffle when asked a favor. That was all right. But I thought I sensed more… no, I won't dare to say enmity; but I will say that I was impressed… how shall I say? well, that he struck me as being particularly and peculiarly cold-blooded and noncommittal."
"Nonsense," Francis laughed. "He was too good a friend of my father's."
"Ever heard of the Conmopolitan Railways Merger?" Bascom queried with significant irrelevance.
Francis nodded promptly, then said:
"But that was before my time. I merely have heard of it, that's all. Shoot. Tell me about it. Give me the weight of your mind."
"Too long a story, but take this one word of advice. If you see Regan, don't put your cards on the table. Let him play first, and, if he offers, let him offer without solicitation from you. Of course, I may be all wrong, but it won't damage you to hold up your hand and get his play first."
At the end of another half hour, Francis was closeted with Regan, and the stress of his peril was such that he controlled his natural impulses, remembering Bascom's instruction, and was quite fairly nonchalant about the state of his affairs. He even bluffed.
"In pretty deep, eh?" was Regan's beginning.
"Oh, not so deep that my back-teeth are awash yet," Francis replied airily. "I can still breathe, and it will be a long time before I begin swallowing."
Regan did not immediately reply. Instead, pregnantly, he ran over the last few yards of the ticker tape.
"You're dumping Tampico Pet pretty heavily, just the same."
"And they're snapping it up," Francis came back, and for the first time, in a maze of wonderment, he considered the possibility of Bascom's intuition being right. "Sure, I've got them swallowing."
"Just the same, you'll note that Tampico Pet is tumbling at the same time it's being snapped up, which is a very curious phenomenon," Regan urged.
"In a bear market all sorts of curious phenomena occur," Francis bluffed with a mature show of wisdom. "And when they've swallowed enough of my dumpings they'll be ripe to roll on a barrel. Somebody will pay something to get my dumpings out of their system. I fancy they'll pay through the nose before I'm done with them."
"But you're all in, boy. I've been watching your fight, even before your return. Tampico Pet is your last."
Francis shook his head.
"I'd scarcely say that," he lied. "I've got assets my market enemies never dream of. I'm luring them on, that's all, just luring them on. Of course, Regan, I'm telling you this in confidence. You were my father's friend. Mine is going to be some clean up, and, if you'll take my tip, in this short market you start buying. You'll be sure to settle with the sellers long in the end."
"What are your other assets?"
Francis shrugged his shoulders.
"That's what they're going to find out when they're full up with my stuff."
"It's a bluff!" Regan admired explosively. "You've got the old man's nerve, all right. But you've got to show me it isn't bluff."
Regan waited, and Francis was suddenly inspired.
"It is," he muttered. "You've named it. I'm drowning — over my back-teeth now, and they're the highest out of the wash. But I won't drown if you will help me. All you've got to do is to remember my father and put out your hand to save his son. If you'll back me up, we'll make them all sick…"
And right there the Wolf of Wall Street showed his teeth. He pointed to Richard Henry Morgan's picture.
"Why do you think I kept that hanging on the wail all these years?" he demanded.
Francis nodded as if the one accepted explanation was their tried and ancient friendship.
"Guess again," Regan sneered grimly.
Francis shook his head in perplexity.
"So I shouldn't ever forget him," the Wolf went on.
"And never a waking moment have I forgotten him.
Remember the Conmopolitan Railways Merger? Well, old R.H.M. double-crossed me in that deal. And it was some double-cross, believe me. But he was too cunning ever to let me get a come-back on him. So there his picture has hung, and here I've sat and waited. And now the time has come."
"You mean?" Francis queried quietly.
"Just that," Regan snarled. "I'v,e waited and worked for this day, and the day has come. I've got the whelp where I want him at any rate." He glanced up maliciously at the picture. "And if that don't make the old gent turn in his grave…"
Francis rose to his feet and regarded his enemy curiously. "No," he said, as if in soliloquy, "it isn't worth it." "What isn't worth what?" the other demanded with swift suspicion.
"Beating you up," was the cool answer. "I could kill you with my hands in five minutes. You're no Wolf. You're just mere yellow dog, the part of you that isn't plain skunk. They told me to expect this of you; but I didn't believe, and I came to see. They were right. You were all that they said. Well, I must get along out of this. It smells like a den of foxes. It stinks."
He paused with his hand on the door knob and looked back. He had not succeeded in making Regan lose his temper.
"And what are you going to do about it?" the latter jeered.
"If you'll permit me to get my broker on your 'phone maybe you'll learn," Francis replied.
"Go to it, my laddy buck," Regan conceded, then, with a wave of suspicion, "I'll get him for you myself."
And, having ascertained that Bascom was really at the other end of the line, he turned the receiver over to Francis. "You were right," the latter assured Bascom. "Regan's all you said and worse. Go right on with your plan of campaign. We've got him where we want him, though the old fox won't believe it for a moment. He thinks he's going to strip me, clean me out." Francis paused to think up the strongest way of carrying on his bluff, then continued. "I'll tell you something you don't know. He's the one who manoauvred the raid from the beginning. So now you know who we're going to bury."
And, after a little more of similar talk, he hung up. "You see," he explained, again from the door, "you were so crafty that we couldn't make out who it was. Why hell, Regan, we were prepared to give a walloping to some unknown that had several times your strength. And now that it's you, it's easy. We were prepared to strain. But with you it will be a walk-over. To-morrow, around this time, there's going to be a funeral right Here in your office and you're not going to be one of the mourners. You're going to be the corpse and a not-nice looking financial corpse you'll be when we get done with you."
"The dead spit of E.H.M.," the Wolf grinned. "Lord, how he could pull off a bluff!"
"It's a pity he didn't bury you and save me all the trouble," was Francis' parting shot.
"And all the expense," Regan flung after him. "It's going to be pretty expensive for you, and there isn't going to be any funeral from this place."
"Well, to-morrow's the day," Francis delivered to Bascom, as they parted that evening. "This time tomorrow I'll be a perfectly nice scalped and skinned and sun-dried and smoke-cured specimen for Regan's private collection. But who'd have believed the old^ skunk had it in for me! I never harmed him. On the contrary, I always considered him father's best friend. If Charley Tippery could only come through with some of the Tippery surplus coin…"
"Or if the United States would only declare a moratorium," Bascom hoped equally hopelessly.
And Regan, at that moment, was saying to his assembled agents and rumor-factory specialists:
"Sell! Sell! Sell all you've got and then sell short. I see no bottom to this market!"
And Francis, on his way up town, buying the last extra, scanned the five-inch-lettered head-line:
"I SEE NO BOTTOM TO THIS MARKET— THOMAS BEGAN."
But Francis was not at his house at eight next tmorning to meet Charley Tippery. It had been a night in which official Washington had not slept, and the night-wires had carried the news out over the land that the United States, though not at war, had declared its moratorium. Wakened out of his bed at seven by Bascom in person, who brought the news, Francis had accompanied him down town. The moratorium had given them hope, and there was much to do.
Charles Tippery, however, was not the first to arrive at the Biverside Drive palace. A few minutes before eight, Parker was very much disturbed and perturbed when Henry and Leoncia, much the worse for sunburn and travel-stain, brushed past the second butler who had opened the door.
"It's no use you're coming in this way," Parker assured them. "Mr. Morgan is not at home."
"Where's he gone?" Henry demanded, shifting the suitcase he carried to the other hand. "We've got to see him pronto, and I'll have you know that pronto means quick. And who in hell are you?"
"I am Mr. Morgan's confidential valet," Parker answered solemnly. "And who are you?"
"My name's Morgan," Henry answered shortly, looking about in quest of something, striding to the library, glancing in, and discovering the telephones. "Where's Francis? With what number can I call him up?"
"Mr. Morgan left express instructions that nobody was to telephone him except on important business."
"Well, my business is important. What's the number?"
"Mr. Morgan is very busy to-day," Parker reiterated stubbornly.
"He's in a pretty bad way, eh?" Henry quizzed.
The valet's face remained expressionless.
"Looks as though he was going to be cleaned out to-day, Parker's face betrayed neither emotion nor intelligence.
"For a second time I tell you he is very busy…" he began.
"Hell's bells!" Henry interrupted. "It's no secret. The market's got him where the hair is short. Everybody knows that. A lot of it was in the morning papers. Now come across, Mr. Confidential Valet. I want his number. I've got important business with him myself."
But Parker remained obdurate.
"What's his lawyer's name? Or the name of his agent? Or of any of his representatives?"
Parker shook his head.
"If you will tell me the nature of your business with him," the valet essayed.
Henry dropped the suit-case and made as if about to leap upon the other and shake Francis' number out of him. But Leoncia intervened.
"Tell him," she said.
"Tell him!" Henry shouted, accepting her suggestion. "I'll do better than that. I'll show him. Here, come on, you." He strode into the library, swung the suit-case on the reading table, and began opening it. "Listen to me, Mr. Confidential Valet. Our business is the real business. We're going to save Francis Morgan. We're going to pull him out of the hole. We've got millions for him, right here inside of this thing-"
Parker, who had been looking on with cold, disapproving eyes, recoiled in alarm at the last words. Either the strange callers were lunatics, or cunning criminals. Even at that moment, while they held him here with their talk of millions, confederates might be ransacking the upper parts of the house. As for the suit-case, for all he knew it might be filled with dynamite.
"Here!"
With a quick reach Henry had caught him by the collar as he turned to flee. With his other hand, Henry lifted the cover, exposing a bushel of uncut gems. Parker showed plainly that he was overcorne, although Henry failed to guess the nature of his agitation.
"Thought I'd convince you," Henry exulted. "Now be good dog and give me his number."
"Be seated, sir… and madame," Parker murmured, with polite bows and a successful effort to control himself. "Be seated, please. I have left the private number in Mr. Morgan's bedroom, which he gave to me this morning when I helped him dress. I shall be gone but a moment to get it. In the meantime please be seated."
Once outside the library, Parker became a most active, clear-thinking person. Stationing the second footman at the front door, he placed the first one to watch at the library door. Several other servants he sent scouting into the upper regions on the chance of surprising possible confederates at their nefarious work. Himself he addressed, via the butler's telephone, to the nearest police station.
"Yes, sir," he repeated to the desk sergeant. "They are either a couple of lunatics or criminals. Send a patrol wagon at once, please, sir. Even now I do not know what horrible crimes are being committed under this roof…"
In the meantime, in response at the front door, the second footman, with visible relief, admitted Charley Tippery, clad in evening dress at that early hour, as a known and tried friend of the master. The first butler, with similar relief, to which he added sundry winks and warnings, admitted him into the library.
Expecting he knew not what nor whom, Charley Tippery advanced across the large room to the strange man and woman. Unlike Parker, their sunburn and travel-stain caught his eye, noi as insignia suspicious, but as tokens worthy of wider consideration than average New York accords its more or less average visitors. Leoncia's beauty was like a blow between the eyes, and he knew she was a lady. Henry's bronze, brazed upon features unmistakably reminiscent of Francis and of E.H.M., drew his admiration and respect.
"Good morning," he addressed Henry, although he subtly embraced Leoncia with his greeting. "Friends of Francis?"
"Oh, sir," Leoncia cried out. "We are more than friends. We are here to save him. I have read the morning papers. If only it weren't for the stupidity of the servants…"
And Charley Tippery was immediately unaware of any slightest doubt. He extended his hand to Henry.
"I am Charley Tippery," he said.
"And my name's Morgan, Henry Morgan," Henry met him warmly, like a drowning man clutching at a life preserver. "And this is Miss Solano the Senorita Solano, Mr. Tippery. In fact, Miss Solano is my sister."
"I came on the same errand," Charley Tippery announced, introductions over. "The saving of Francis, as I understand it, must consist of hard cash or of securities indisputably negotiable. I have brought with me what I have hustled all night to get, and what I am confident is not sufficient-"
"How much have you brought?" Henry asked bluntly.
"Eighteen hundred thousand — what have you brought?"
"Piffle," said Henry, pointing to the open suit-case, unaware that he talked to a three-generations' gem expert.
A quick examination of a dozen of the gems picked at random, and an even quicker eye-estimate of the quantity, put wonder and excitement into Charley Tippery's face.
"They're worth millions! millions!" he exclaimed. "What are you going to do with them?"
"Negotiate them, so as to help Francis out," Henry answered. "They're security for any amount, aren't they?"
"Close up the suit-case," Charley Tippery cried, "while I telephone! I want to catch my father before he leaves the house," he explained over his shoulder, while waiting for his switch. "It's only five minutes' run from here."
Just as he concluded the brief words with his father, Parker, followed by a police lieutenant and two policemen, entered.
"There's the gang, lieutenant arrest them," Parker said. "Oh, sir, I beg your pardon, Mr. Tippery. Not you, of course. Only the other two, lieutenant. I don't know what the charge will be crazy, anyway, if not worse, which is more likely."
"How do you do, Mr. Tippery," the lieutenant greeted familiarly.
"You'll arrest nobody, Lieutenant Burns," Charley Tippery smiled to him. "You can send the wagon back to the station. I'll square it with the Inspector. For you're coming along with me, and this suit-case, and these suspicious characters, to my house. You'll have to be bodyguard oh, not for me, but for this suit-case. There are millions in it, cold millions, hard millions, beautiful millions. When I open it before my father, you'll see a sight given to few men in this world to see. And now, come on everybody. We're wasting time."
He made a grab at the suit-case simultaneously with Henry, and, as both their hands clutched it, Lieutenant Burns sprang to interfere.
"I fancy I'll carry it until it's negotiated," Henry asserted.
"Surely, surely," Charley Tippery conceded, "as long as we don't lose any more precious time. It will take time to do the negotiating. Come on! Hustle!"