Hope Mills - Amanda Minnie Douglas (icecream ebook reader .txt) 📗
- Author: Amanda Minnie Douglas
Book online «Hope Mills - Amanda Minnie Douglas (icecream ebook reader .txt) 📗». Author Amanda Minnie Douglas
that of the trained nurse.
To say that Fred was shocked, would feebly express his emotion. He had never dreamed of his father's dying,--never dreamed of any thing like misfortune happening to him, of any keener suffering than some temporary annoyance. He felt quite helpless. His old philosophies did not inspire him with courage, or open a way out of this dark present. There was to be a funeral; there were business complications; some one had to think of the future; the mill was shut up, the fortune swept away, and he had been stranded on a strange shore, knowing not which way to turn.
Eastman was still in Yerbury. He was intensely sympathetic with the bereaved family. In fact, now that he would never have to meet the eye of the man he had so deeply wronged, his spirits rose, his pity overflowed. Fred was quite touched by it. Hamilton Minor, with his rather brusque business ways, jarred against his sorrow.
He was rather testy with Mr. Eastman. "For the life of me, I can't see how things have come to this pass," he said sharply. "Hope Mills has been considered as sound as a nut,--one of the surest places in the country. Mr. Lawrence has made thousands and thousands. I have known a good deal about his affairs."
"It is the result of a large-hearted philanthropy,--of keeping poor devils at work when there was no demand for goods, so that they should not starve. I should have closed out the concern two years ago. When you begin to lose, it is time to get out,--not wait until every stiver is gone. But, if ever there was a noble man, it is our dead friend David Lawrence."
His chest swelled as he pronounced this eulogy, and he laid his white hand sympathetically on his waistcoat.
"What is all this bank muddle about?"
"I really don't know. Heavy real-estate business"--
"And you a director!" interrupted Minor, with an unpleasant quickness.
"I have had so much on my hands that I did not pay strict attention to it, I must confess. You know, Minor, what a tremendous shrinkage there has been in values: it seems to me as if the bottom had fallen out of every thing. I have an interest out in Nevada that I am anxious to look after, and should have gone a year ago, but Lawrence begged me to hold over until matters brightened a little. He was so sure times would improve. By Jove! I think they grow worse and worse!"
"And Fred knows no more than a baby!" said Minor, in a tone of contempt. "You'd be a help to him, Eastman, if you would stay and go over accounts."
"I don't know about that," shaking his head slowly. "The books are all on the square, as you will see. If one could only make money as easily as one can add up that which has been made and spent!" and Eastman gave a little laugh.
"But it cannot be a total loss. The house, I know, is settled upon Mrs. Lawrence. And the mill-property"--
"Mortgaged for all it is worth in such times as these. Perhaps I ought not to speak of it, but George was in a little difficulty which the old gentleman tided over. Too much real estate, Minor!"
Hamilton Minor had no great amount of confidence in the man before him; but then, he did not have in any one. He was on a little of the paper, and just now he felt exceedingly dubious about it. Some arrangement ought to be made whereby members of the family who had stood by Mr. Lawrence ought not to be losers.
The funeral was strangely quiet and solemn; I was about to add, select. The mill overseers and officers were formally invited. Fred had a feeling about the men,--it seemed as if they ought to form a procession; but the walk to the cemetery was a long one, and Mrs. Minor decisively negatived any plan that took in the "rabble." The coffin lay in the spacious drawing-room, where friends and acquaintances, in the same set, nodded solemnly, and uttered a few words of well-bred condolence. The mourners were up-stairs. The few coaches were filled with men, a little group stood around the open grave, and David Lawrence passed out of mortal sight,--his life-work all done. Had the toil been worth the reward?
The next day Eastman left for New York, and his stay there was brief. He knew what would be surmised after much trouble and searching, but it could not be positively laid at his door. And with a cheerful heart he set out to seek a new fortune.
To the great surprise of Mr. and Mrs. Minor, they found Hope Terrace mortgaged. Mrs. Lawrence could talk of nothing, could not endure the confusion of voices in her room. Some trustees were appointed to investigate the whole affair, for Fred was as ignorant as a child of all pertaining to the mill.
The examination disclosed a pitiable state of affairs. George Eastman had built up Yerbury on borrowed capital, lived on it in luxury, speculated, lost and won like any other gaming. He had persuaded each individual that he was on the high road to wealth. There had been a peculiar fascination about the man; or is it that the appeal to greed and covetousness is so much more convincing than that to honor and truth, that the baser impulses are quicker with their response? It was a great bubble upon credit, and carried with it the seeds of self-destruction. True, the bank held mortgages on rows of flimsy-built houses where walls were cracking apart, foundations settling, plumbing in such a condition that it was a hotbed of disease. They would not cover the indebtedness. The available cash had been drawn out by large depositors, the best bonds and stocks surreptitiously sold. And with all this there was a defalcation traceable to Hope Mills or the Eastmans. The money had gone in that direction. On the other hand, it was proven by the income of Hope Mills, and the amount paid out for labor, that there was no reason why they should not be solvent to-day.
Lavishly as the Lawrences had spent money, they had not taken it all. No one could or did accuse David Lawrence of private speculation. Minor had once tried his best to induce him to join in some enterprises, but failed. It was an easy matter to blame the Eastmans for every thing: they were away, and could not deny the charge. But had all these bank-officials clean hands? They had been given a sacred trust, the savings of the poor, the estates of widows and orphans; they had winked at investments of the most precarious kind; they had paid a high rate of interest, exacting a higher, which had been gladly given for a brief while. Safe principles of finance had been quite ignored: the new era was different from any thing that had ever happened to the world before, and required new men, and now they would have to go back to the old way. Surely there is not much that is new under the sun!
To bring back the Eastmans, and try them for their crimes, seemed hardly worth while. More than one man in Yerbury felt that it was safer to berate them at a distance, than meet their damaging retorts face to face. They could not get back any money. Hope Mills was ruined beyond a peradventure, and the affairs of the bank were best wound up as speedily as possible. There could be no large stealings for a receiver, consequently no occasion for delay. The sooner the wrecks and _debris_ were cleared away, the quicker the moral atmosphere would be purified. There are wounds for which the instant cautery means life, the careful hesitation death.
And now every one looked at the exploded bubble in surprise, and cried angrily, "What has become of the money? Yesterday we were rich: where has it gone to? Six months ago we had twenty per cent dividend: why are these stocks worthless now? Why have railroads and shops and mills ceased to pay? What sudden blight has fallen over the world?"
Alas! There had been no money. Sanguine credit had traded on the honor and faith and nobleness of man toward man, and, behold, it had all been selfishness and falsehood and dishonor. Truth and virtue had been scorned and flouted in the highway, because forsooth there was a more brilliant semblance. Like a garment had men wrapped themselves in it, and now it was but rags and tatters.
There could be nothing extracted from the wreck of Hope Mills. Indeed, Fred would have given up a rich inheritance to save his father's honor, had it been his. To go on at Hope Terrace was madness. The fires and the servants would cost enough to maintain a family. Mrs. Minor and Fred quarrelled because Mrs. Lawrence had been persuaded to mortgage the place: she simply groaned and moaned, and wondered why they must worry her about every thing!
"I hope Irene will have the good sense to marry abroad," said Mrs. Minor. "And, Fred, what a pity you haven't a profession! What can you do?"
Last winter it had been, "my brother, De Woolfe," whom all the young ladies in Mrs. Minor's set were wild over.
Fred gave a sigh.
"I suppose I _can_ do something to earn my bread," he replied bitterly.
"Fred," began Agatha suddenly, "there is that Miss Tillon. You know how absolutely wild she was over you last winter! Her fortune is all in her own right, and it is a solid one too. Hamilton has had occasion to know about it. You cannot do a better thing than marry her."
Fred glanced up. His sister was in sober earnest. To be bargained off like a woman, for a bare existence! Miss Tillon was at least thirty, of a suspicious, jealous turn of mind, well-enough looking perhaps, but narrow, with no intellectual culture, no approval of any thing beside her money. He had been amused at her preference. Possibly she might marry him, and rescue him from the pains of poverty. And he?
He might be vain and trifling, but he was not sunk so low in cowardice. His face flushed a vivid scarlet.
"I am not quite prepared to become chargeable to a woman yet," he said in a cold, calm voice.
"What nonsense! Some man will marry her, and get the money," Agatha retorted decisively.
"Not much of hers;" in a dry, contemptuous tone.
"You know what I mean. She will live in style, and travel; and her husband"--
"Will be the laughing-stock of his friends," interrupted Fred angrily. "No, Agatha, I will be dependent upon no one for my bread: if I cannot earn it I will starve."
"Oh, very well!" with a scornful smile. "I only hope Rene will be wiser. They are in Paris--I heard from Gertrude last week. She was very much shocked, of course. I hope George has not been foolish enough to let every thing slip through his fingers. Who could have believed that Horace Eastman would turn out such a swindler! Papa trusted him altogether too far. It does not answer to be too noble and disinterested in this world."
Fred made no reply to this charming bit of worldly wisdom. His delicate and high opinion of self had received a crushing blow. Married off, out of hand, to save him from poverty!
Why should his thoughts turn to Sylvie at that moment? Something stirred within him, an insane desire to win her--oh, mad
To say that Fred was shocked, would feebly express his emotion. He had never dreamed of his father's dying,--never dreamed of any thing like misfortune happening to him, of any keener suffering than some temporary annoyance. He felt quite helpless. His old philosophies did not inspire him with courage, or open a way out of this dark present. There was to be a funeral; there were business complications; some one had to think of the future; the mill was shut up, the fortune swept away, and he had been stranded on a strange shore, knowing not which way to turn.
Eastman was still in Yerbury. He was intensely sympathetic with the bereaved family. In fact, now that he would never have to meet the eye of the man he had so deeply wronged, his spirits rose, his pity overflowed. Fred was quite touched by it. Hamilton Minor, with his rather brusque business ways, jarred against his sorrow.
He was rather testy with Mr. Eastman. "For the life of me, I can't see how things have come to this pass," he said sharply. "Hope Mills has been considered as sound as a nut,--one of the surest places in the country. Mr. Lawrence has made thousands and thousands. I have known a good deal about his affairs."
"It is the result of a large-hearted philanthropy,--of keeping poor devils at work when there was no demand for goods, so that they should not starve. I should have closed out the concern two years ago. When you begin to lose, it is time to get out,--not wait until every stiver is gone. But, if ever there was a noble man, it is our dead friend David Lawrence."
His chest swelled as he pronounced this eulogy, and he laid his white hand sympathetically on his waistcoat.
"What is all this bank muddle about?"
"I really don't know. Heavy real-estate business"--
"And you a director!" interrupted Minor, with an unpleasant quickness.
"I have had so much on my hands that I did not pay strict attention to it, I must confess. You know, Minor, what a tremendous shrinkage there has been in values: it seems to me as if the bottom had fallen out of every thing. I have an interest out in Nevada that I am anxious to look after, and should have gone a year ago, but Lawrence begged me to hold over until matters brightened a little. He was so sure times would improve. By Jove! I think they grow worse and worse!"
"And Fred knows no more than a baby!" said Minor, in a tone of contempt. "You'd be a help to him, Eastman, if you would stay and go over accounts."
"I don't know about that," shaking his head slowly. "The books are all on the square, as you will see. If one could only make money as easily as one can add up that which has been made and spent!" and Eastman gave a little laugh.
"But it cannot be a total loss. The house, I know, is settled upon Mrs. Lawrence. And the mill-property"--
"Mortgaged for all it is worth in such times as these. Perhaps I ought not to speak of it, but George was in a little difficulty which the old gentleman tided over. Too much real estate, Minor!"
Hamilton Minor had no great amount of confidence in the man before him; but then, he did not have in any one. He was on a little of the paper, and just now he felt exceedingly dubious about it. Some arrangement ought to be made whereby members of the family who had stood by Mr. Lawrence ought not to be losers.
The funeral was strangely quiet and solemn; I was about to add, select. The mill overseers and officers were formally invited. Fred had a feeling about the men,--it seemed as if they ought to form a procession; but the walk to the cemetery was a long one, and Mrs. Minor decisively negatived any plan that took in the "rabble." The coffin lay in the spacious drawing-room, where friends and acquaintances, in the same set, nodded solemnly, and uttered a few words of well-bred condolence. The mourners were up-stairs. The few coaches were filled with men, a little group stood around the open grave, and David Lawrence passed out of mortal sight,--his life-work all done. Had the toil been worth the reward?
The next day Eastman left for New York, and his stay there was brief. He knew what would be surmised after much trouble and searching, but it could not be positively laid at his door. And with a cheerful heart he set out to seek a new fortune.
To the great surprise of Mr. and Mrs. Minor, they found Hope Terrace mortgaged. Mrs. Lawrence could talk of nothing, could not endure the confusion of voices in her room. Some trustees were appointed to investigate the whole affair, for Fred was as ignorant as a child of all pertaining to the mill.
The examination disclosed a pitiable state of affairs. George Eastman had built up Yerbury on borrowed capital, lived on it in luxury, speculated, lost and won like any other gaming. He had persuaded each individual that he was on the high road to wealth. There had been a peculiar fascination about the man; or is it that the appeal to greed and covetousness is so much more convincing than that to honor and truth, that the baser impulses are quicker with their response? It was a great bubble upon credit, and carried with it the seeds of self-destruction. True, the bank held mortgages on rows of flimsy-built houses where walls were cracking apart, foundations settling, plumbing in such a condition that it was a hotbed of disease. They would not cover the indebtedness. The available cash had been drawn out by large depositors, the best bonds and stocks surreptitiously sold. And with all this there was a defalcation traceable to Hope Mills or the Eastmans. The money had gone in that direction. On the other hand, it was proven by the income of Hope Mills, and the amount paid out for labor, that there was no reason why they should not be solvent to-day.
Lavishly as the Lawrences had spent money, they had not taken it all. No one could or did accuse David Lawrence of private speculation. Minor had once tried his best to induce him to join in some enterprises, but failed. It was an easy matter to blame the Eastmans for every thing: they were away, and could not deny the charge. But had all these bank-officials clean hands? They had been given a sacred trust, the savings of the poor, the estates of widows and orphans; they had winked at investments of the most precarious kind; they had paid a high rate of interest, exacting a higher, which had been gladly given for a brief while. Safe principles of finance had been quite ignored: the new era was different from any thing that had ever happened to the world before, and required new men, and now they would have to go back to the old way. Surely there is not much that is new under the sun!
To bring back the Eastmans, and try them for their crimes, seemed hardly worth while. More than one man in Yerbury felt that it was safer to berate them at a distance, than meet their damaging retorts face to face. They could not get back any money. Hope Mills was ruined beyond a peradventure, and the affairs of the bank were best wound up as speedily as possible. There could be no large stealings for a receiver, consequently no occasion for delay. The sooner the wrecks and _debris_ were cleared away, the quicker the moral atmosphere would be purified. There are wounds for which the instant cautery means life, the careful hesitation death.
And now every one looked at the exploded bubble in surprise, and cried angrily, "What has become of the money? Yesterday we were rich: where has it gone to? Six months ago we had twenty per cent dividend: why are these stocks worthless now? Why have railroads and shops and mills ceased to pay? What sudden blight has fallen over the world?"
Alas! There had been no money. Sanguine credit had traded on the honor and faith and nobleness of man toward man, and, behold, it had all been selfishness and falsehood and dishonor. Truth and virtue had been scorned and flouted in the highway, because forsooth there was a more brilliant semblance. Like a garment had men wrapped themselves in it, and now it was but rags and tatters.
There could be nothing extracted from the wreck of Hope Mills. Indeed, Fred would have given up a rich inheritance to save his father's honor, had it been his. To go on at Hope Terrace was madness. The fires and the servants would cost enough to maintain a family. Mrs. Minor and Fred quarrelled because Mrs. Lawrence had been persuaded to mortgage the place: she simply groaned and moaned, and wondered why they must worry her about every thing!
"I hope Irene will have the good sense to marry abroad," said Mrs. Minor. "And, Fred, what a pity you haven't a profession! What can you do?"
Last winter it had been, "my brother, De Woolfe," whom all the young ladies in Mrs. Minor's set were wild over.
Fred gave a sigh.
"I suppose I _can_ do something to earn my bread," he replied bitterly.
"Fred," began Agatha suddenly, "there is that Miss Tillon. You know how absolutely wild she was over you last winter! Her fortune is all in her own right, and it is a solid one too. Hamilton has had occasion to know about it. You cannot do a better thing than marry her."
Fred glanced up. His sister was in sober earnest. To be bargained off like a woman, for a bare existence! Miss Tillon was at least thirty, of a suspicious, jealous turn of mind, well-enough looking perhaps, but narrow, with no intellectual culture, no approval of any thing beside her money. He had been amused at her preference. Possibly she might marry him, and rescue him from the pains of poverty. And he?
He might be vain and trifling, but he was not sunk so low in cowardice. His face flushed a vivid scarlet.
"I am not quite prepared to become chargeable to a woman yet," he said in a cold, calm voice.
"What nonsense! Some man will marry her, and get the money," Agatha retorted decisively.
"Not much of hers;" in a dry, contemptuous tone.
"You know what I mean. She will live in style, and travel; and her husband"--
"Will be the laughing-stock of his friends," interrupted Fred angrily. "No, Agatha, I will be dependent upon no one for my bread: if I cannot earn it I will starve."
"Oh, very well!" with a scornful smile. "I only hope Rene will be wiser. They are in Paris--I heard from Gertrude last week. She was very much shocked, of course. I hope George has not been foolish enough to let every thing slip through his fingers. Who could have believed that Horace Eastman would turn out such a swindler! Papa trusted him altogether too far. It does not answer to be too noble and disinterested in this world."
Fred made no reply to this charming bit of worldly wisdom. His delicate and high opinion of self had received a crushing blow. Married off, out of hand, to save him from poverty!
Why should his thoughts turn to Sylvie at that moment? Something stirred within him, an insane desire to win her--oh, mad
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