Cord and Creese Part 73

"It is not time yet."

"What do you mean by that?"

"That is a secret."

"Of course; you make it one; but if it is one connected with me, then surely I ought to know."

"It is not time yet for you to know."

"When will it be time?"

"I can not tell."

"And you will therefore keep it a secret forever?"

"I hope, my Bicina, that the time will come before long."

"Yet why do you wait, if you know or even suspect any thing in which I am concerned?"

"I wish to spare you."

"That is not necessary. Am I so weak that I can not bear to hear any thing which you may have to tell? You forget what a life I have had for two years. Such a life might well prepare me for any thing."

"If it were merely something which might create sorrow I would tell it.

I believe that you have a self-reliant nature, which has grown stronger through affliction. But that which I have to tell is different. It is of such a character that it would of necessity destroy any peace of mind which you have, and fill you with hopes and feelings that could never be satisfied."

"Yet even that I could bear. Do you not see that by your very vagueness you are exciting my thoughts and hopes? You do not know what I know."

"What do you know?" asked Langhetti, eagerly.

Beatrice hesitated. No; she could not tell. That would be to tell all the holiest secrets of her heart. For she must then tell about Brandon, and the African island, and the ma.n.u.script which he carried and which had been taken from his bosom. Of this she dared not speak.

She was silent.

"You can not _know_ any thing," said Langhetti. "You may suspect much.

I only have suspicions. Yet it would not be wise to communicate these to you, since they would prove idle and without result." So the conversation ended, and Langhetti still maintained his secret, though Beatrice hoped to find it out.

At length she was sufficiently recovered to be able to begin the work to which Langhetti wished to lead her. It was August, and Langhetti was impatient to be gone. So when August began he made preparations to depart, and in a few days they were in London. Edith was left with Mrs.

Thornton. Beatrice had an attendant who went with her, half chaperon half lady's maid.

CHAPTER x.x.xVI

THE AFFAIRS OF SMITHERS & CO.

For more than a year the vast operations of Smithers & Co. had astonished business circles in London. Formerly they had been considered as an eminently respectable house, and as doing a safe business; but of late all this had been changed in so sudden and wonderful a manner that no one could account for it. Leaving aside their old, cautious policy, they undertook without hesitation the largest enterprises. Foreign railroads, national loans, vast joint-stock companies, these were the things that now occupied Smithers & Co. The Barings themselves were outrivaled, and Smithers & Co. reached the acme of their sudden glory on one occasion, when they took the new Spanish loan out of the grasp of even the Rothschilds themselves.

How to account for it became the problem. For, allowing the largest possible success in their former business to Smithers & Co., that business had never been of sufficient dimensions to allow of this. Some said that a rich Indian had become a sleeping partner, others declared that the real Smithers was no more to be seen, and that the business was managed by strangers who had bought them out and retained their name. Others again said that Smithers & Co. had made large amounts in California mining speculations. At length the general belief was, that some individuals who had made millions of money in California had bought out Smithers & Co., and were now doing business under their name. As to their soundness there was no question. Their operations were such as demanded, first of all, ready money in unlimited quant.i.ties. This they were always able to command. Between them and the Bank of England there seemed to be the most perfect understanding and the most enviable confidence. The Rothschilds spoke of them with infinite respect. People began to look upon them as the leading house in Europe. The sudden apparition of this tremendous power in the commercial world threw that world into a state of consternation which finally ended in wondering awe.

But Smithers & Co. continued calmly, yet successfully, their great enterprises. The Russian loan of fifteen millions was negotiated by them. They took twenty millions of the French loan, five millions of the Austrian, and two and a half of the Turkish. They took nearly all the stock of the Lyons and Ma.r.s.eilles Railroad. They owned a large portion of the stock of the Peninsular and Oriental Steam Navigation Company.

They had ten millions of East India stock. California alone, which was now dazzling the world, could account to the common mind for such enormous wealth. The strangest thing was that Smithers himself was never seen. The business was done by his subordinates. There was a young man who represented the house in public, and who called himself Henderson.

He was a person of distinguished aspect, yet of reserved and somewhat melancholy manner. No one pretended to be in his confidence. No one pretended to know whether he was clerk or partner. As he was the only representative of Smithers & Co., he was treated with marked respect wherever he appeared.

The young man, whether partner or clerk, had evidently the supreme control of affairs. He swayed in his own hands the thunder-bolts of this Olympian power. Nothing daunted him. The grandeur of his enterprises dazzled the public mind. His calm antagonism to the great houses of London filled them with surprise. A new power had seized a high place in the commercial world, and the old G.o.ds--the Rothschilds, the Barings, and others--looked aghast. At first they tried to despise this interloper; at length they found him at least as strong as themselves, and began to fancy that he might be stronger. A few experiments soon taught them that there was no weakness there. On one occasion the Rothschilds, true to their ordinary selfish policy, made a desperate attempt to crush the new house which dared to enter into rivalry with them. Widespread plans were arranged in such a way that large demands were made upon them on one day. The amount was nearly two millions.

Smithers & Co. showed not the smallest hesitation. Henderson, their representative, did not even take the trouble to confer with the Bank of England. He sent his orders to the Bank. The money was furnished. It was the Directors of the Bank of England who looked aghast at this struggle between Rothschild and Smithers & Co. The gold in the Bank vaults sank low, and the next day the rates of discount were raised. All London felt the result of that struggle.

Smithers & Co. waited for a few months, and then suddenly retorted with terrific force. The obligations of the Rothschilds were obtained from all quarters--some which were due were held over and not presented till the appointed day. Obligations in many forms--in all the forms of indebtedness that may arise in a vast business--all these had been collected from various quarters with untiring industry and extraordinary outlay of care and money. At last in one day they were all poured upon the Rothschilds. Nearly four millions of money were required to meet that demand.

The great house of Rothschild reeled under the blow. Smithers & Co. were the ones who administered it. James Rothschild had a private interview with the Directors of the Bank of England. There was a sudden and enormous sale of securities that day on Change. In selling out such large amounts the loss was enormous. It was difficult to find purchasers, but Smithers & Co. stepped forward and bought nearly all that was offered. The Rothschilds saved themselves, of course, but at a terrible loss, which became the profits of Smithers & Co.

The Rothschilds retreated from the conflict utterly routed, and glad to escape disaster of a worse kind. Smithers & Co. came forth victorious.

They had beaten the Rothschilds at their own game, and had made at least half a million. All London rang with the story. It was a bitter humiliation for that proud Jewish house which for years had never met with a rival. Yet there was no help, nor was there the slightest chance of revenge. They were forced to swallow the result as best they could, and to try to regain what they had lost.

After this the pale and melancholy face of Henderson excited a deeper interest. This was the man who had beaten the Rothschilds--the strongest capitalist in the world. In his financial operations he continued as calm, as grave, and as immovable as ever. He would risk millions without moving a muscle of his countenance. Yet so sagacious was he, so wide-spread were his agencies, so accurate was his secret information, that his plans scarcely ever failed. His capital was so vast that it often gave him control of the market. Coming into the field untrammeled as the older houses were, he had a larger control of money than any of them, and far greater freedom of action.

After a time the Rothschilds, the Barings, and other great bankers, began to learn that Smithers & Co. had vast funds every where, in all the capitals of Europe, and in America. Even in the West Indies their operations were extensive. Their old Australian agency was enlarged, and a new banking-house founded by them in Calcutta began to act on the same vast scale as the leading house at London. Smithers & Co. also continued to carry on a policy which was hostile to those older bankers. The Rothschilds in particular felt this, and were in perpetual dread of a renewal of that tremendous a.s.sault under which they had once nearly gone down. They became timid, and were compelled to arrange their business so as to guard against this possibility. This, of course, checked their operations, and widened and enlarged the field of action for their rivals.

No one knew any thing whatever about Henderson. None of the clerks could tell any thing concerning him. They were all new hands. None of them had ever seen Smithers. They all believed that Henderson was the junior partner, and that the senior spent his time abroad. From this it began to be believed that Smithers staid in California digging gold, which he diligently remitted to the London house.

At length the clerks began to speak mysteriously of a man who came from time to time to the office, and whose whole manner showed him to possess authority there. The treatment which he received from Henderson--at once cordial and affectionate--showed them to be most intimate and friendly; and from words which were dropped they all thought him to be the senior partner. Yet he appeared to be very little older than Henderson, if as old, and no one even knew his name. If any thing could add to the interest with which the house of Smithers & Co. was regarded it was this impenetrable mystery, which baffled not merely outriders but even the clerks themselves.

Shortly after the departure of Langhetti and Beatrice from Holby two men were seated in the inner parlor of the office of Smithers & Co. One was the man known as Henderson, the other the mysterious senior partner.

They had just come in and letters were lying on the table.

"You've got a large number this morning, Frank?" said the senior partner.

"Yes," said Frank, turning them over; "and here, Louis, is one for you."

He took out a letter from the pile and handed it to Louis. "It's from your Brandon Hall correspondent," he added.

Louis sat down and opened it. The letter was as follows:

"August 15, 1840.

"DEAR SIR,--I have had nothing in particular to write since the flight of Miss Potts, except to tell you what they were doing. I have already informed you that they kept three spies at Holby to watch her. One of these returned, as I told you in my last letter, with the information that she had gone to London with a party named Langhetti. Ever since then _they_ have been talking it over, and have come to the conclusion to get a detective and keep him busy watching her with the idea of getting her back, I think. I hope to G.o.d they will not get her back. If you take any interest in her, Sir, as you appear to do, I hope you will use your powerful arm to save her. It will be terrible if she has to come back here. She will die, I know. Hoping soon to have something more to communicate,

"I remain, yours respectfully,

"E.L.

"Mr. Smithers, Sen., London."

[Ill.u.s.tration: "LANGHETTI IS ALIVE."]

Louis read this letter over several times and fell into deep thought.