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<h3>CHAPTER XXXVII. The Board-Room</h3>
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<br/>
<br/>On Friday, the 21st June, the Board of the South Central Pacific
and Mexican Railway sat in its own room behind the Exchange, as was
the Board's custom every Friday. On this occasion all the
members were there, as it had been understood that the chairman was
to make a special statement. There was the great chairman as a
matter of course. In the midst of his numerous and immense
concerns he never threw over the railway, or delegated to other less
experienced hands those cares which the commercial world had
intrusted to his own. Lord Alfred was there, with Mr Cohenlupe,
the Hebrew gentleman, and Paul Montague, and Lord Nidderdale,—and
even Sir Felix Carbury. Sir Felix had come, being very anxious
to buy and sell, and not as yet having had an opportunity of
realizing his golden hopes, although he had actually paid a thousand
pounds in hard money into Mr Melmotte's hands. The secretary,
Mr Miles Grendall, was also present as a matter of course. The
Board always met at three, and had generally been dissolved at a
quarter past three. Lord Alfred and Mr Cohenlupe sat at the
chairman's right and left hand. Paul Montague generally sat
immediately below, with Miles Grendall opposite to him;—but on this
occasion the young lord and the young baronet took the next
places. It was a nice little family party, the great chairman
with his two aspiring sons-in-law, his two particular friends,—the
social friend, Lord Alfred, and the commercial friend Mr
Cohenlupe,—and Miles, who was Lord Alfred's son. It would have
been complete in its friendliness, but for Paul Montague, who had
lately made himself disagreeable to Mr Melmotte;—and most
ungratefully so, for certainly no one had been allowed so free a use
of the shares as the younger member of the house of Fisker, Montague,
and Montague.
<br/>It was understood that Mr Melmotte was to make a statement.
Lord Nidderdale and Sir Felix had conceived that this was to be done
as it were out of the great man's heart, of his own wish, so that
something of the condition of the company might be made known to the
directors of the company. But this was not perhaps exactly the
truth. Paul Montague had insisted on giving vent to certain
doubts at the last meeting but one, and, having made himself very
disagreeable indeed, had forced this trouble on the great
chairman. On the intermediate Friday the chairman had made
himself very unpleasant to Paul, and this had seemed to be an effort
on his part to frighten the inimical director out of his opposition,
so that the promise of a statement need not be fulfilled. What
nuisance can be so great to a man busied with immense affairs, as to
have to explain,—or to attempt to explain,—small details to men
incapable of understanding them? But Montague had stood to his
guns. He had not intended, he said, to dispute the commercial
success of the company. But he felt very strongly, and he
thought that his brother directors should feel as strongly, that it
was necessary that they should know more than they did know.
Lord Alfred had declared that he did not in the least agree with his
brother director. "If anybody don't understand, it's his own
fault," said Mr Cohenlupe. But Paul would not give way, and it
was understood that Mr Melmotte would make a statement.
<br/>The "Boards" were always commenced by the reading of a certain
record of the last meeting out of a book. This was always done
by Miles Grendall; and the record was supposed to have been written
by him. But Montague had discovered that this statement in the
book was always prepared and written by a satellite of Melmotte's
from Abchurch Lane who was never present at the meeting. The
adverse director had spoken to the secretary,—it will be remembered
that they were both members of the Beargarden,—and Miles had given a
somewhat evasive reply. "A cussed deal of trouble and all that,
you know! He's used to it, and it's what he's meant for.
I'm not going to flurry myself about stuff of that kind."
Montague after this had spoken on the subject both to Nidderdale and
Felix Carbury. "He couldn't do it, if it was ever so,"
Nidderdale had said. "I don't think I'd bully him if I were
you. He gets £500 a-year, and if you knew all he owes, and all
he hasn't got, you wouldn't try to rob him of it." With Felix
Carbury, Montague had as little success. Sir Felix hated the
secretary, had detected him cheating at cards, had resolved to expose
him,—and had then been afraid to do so. He had told Dolly
Longestaffe, and the reader will perhaps remember with what
effect. He had not mentioned the affair again, and had
gradually fallen back into the habit of playing at the club.
Loo, however, had given way to whist, and Sir Felix had satisfied
himself with the change. He still meditated some dreadful
punishment for Miles Grendall, but, in the meantime, felt himself
unable to oppose him at the Board. Since the day at which the
aces had been manipulated at the club he had not spoken to Miles
Grendall except in reference to the affairs of the whist table.
The "Board" was now commenced as usual. Miles read the short
record out of the book,—stumbling over every other word, and going
through the performance so badly that had there been anything to
understand no one could have understood it. "Gentlemen," said
Mr Melmotte, in his usual hurried way, "is it your pleasure that I
shall sign the record?" Paul Montague rose to say that it was
not his pleasure that the record should be signed. But Melmotte
had made his scrawl, and was deep in conversation with Mr Cohenlupe
before Paul could get upon his legs.
<br/>Melmotte, however, had watched the little struggle.
Melmotte, whatever might be his faults, had eyes to see and ears to
hear. He perceived that Montague had made a little struggle and
had been cowed; and he knew how hard it is for one man to persevere
against five or six, and for a young man to persevere against his
elders. Nidderdale was filliping bits of paper across the table
at Carbury. Miles Grendall was poring over the book which was
in his charge. Lord Alfred sat back in his chair, the picture
of a model director, with his right hand within his waistcoat.
He looked aristocratic, respectable, and almost commercial. In
that room he never by any chance opened his mouth, except when called
on to say that Mr Melmotte was right, and was considered by the
chairman really to earn his money. Melmotte for a minute or two
went on conversing with Cohenlupe, having perceived that Montague for
the moment was cowed. Then Paul put both his hands upon the
table, intending to rise and ask some perplexing question.
Melmotte saw this also and was upon his legs before Montague had
risen from his chair. "Gentlemen," said Mr Melmotte, "it may
perhaps be as well if I take this occasion of saying a few words to
you about the affairs of the company." Then, instead of going
on with his statement, he sat down again, and began to turn over
sundry voluminous papers very slowly, whispering a word or two every
now and then to Mr Cohenlupe. Lord Alfred never changed his
posture and never took his hand from his breast. Nidderdale and
Carbury filliped their paper pellets backwards and forwards.
Montague sat profoundly listening,—or ready to listen when anything
should be said. As the chairman had risen from his chair to
commence his statement, Paul felt that he was bound to be
silent. When a speaker is in possession of the floor, he is in
possession even though he be somewhat dilatory in looking to his
references, and whispering to his neighbour. And, when that
speaker is a chairman, of course some additional latitude must be
allowed to him. Montague understood this, and sat silent.
It seemed that Melmotte had much to say to Cohenlupe, and Cohenlupe
much to say to Melmotte. Since Cohenlupe had sat at the Board
he had never before developed such powers of conversation.
<br/>Nidderdale didn't quite understand it. He had been there
twenty minutes, was tired of his present amusement, having been
unable to hit Carbury on the nose, and suddenly remembered that the
Beargarden would now be open. He was no respecter of persons,
and had got over any little feeling of awe with which the big table
and the solemnity of the room may have first inspired him. "I
suppose that's about all," he said, looking up at Melmotte.
<br/>"Well;—perhaps as your lordship is in a hurry, and as my lord
here is engaged elsewhere,—" turning round to Lord Alfred, who had
not uttered a syllable or made a sign since he had been in his
seat, "—we had better adjourn this meeting for another week."
<br/>"I cannot allow that," said Paul Montague.
<br/>"I suppose then we must take the sense of the Board," said the
Chairman.
<br/>"I have been discussing certain circumstances with our friend and
Chairman," said Cohenlupe, "and I must say that it is not expedient
just at present to go into matters too freely."
<br/>"My Lords and Gentlemen," said Melmotte. "I hope that you
trust me."
<br/>Lord Alfred bowed down to the table and muttered something which
was intended to convey most absolute confidence. "Hear, hear,"
said Mr Cohenlupe. "All right," said Lord Nidderdale; "go on;"
and he fired another pellet with improved success.
<br/>"I trust," said the Chairman, "that my young friend, Sir Felix,
doubts neither my discretion nor my ability."
<br/>"Oh dear, no;—not at all," said the baronet, much tattered at
being addressed in this kindly tone. He had come there with
objects of his own, and was quite prepared to support the Chairman on
any matter whatever.
<br/>"My Lords and Gentlemen," continued Melmotte, "I am delighted to
receive this expression of your confidence. If I know anything
in the world I know something of commercial matters. I am able
to tell you that we are prospering. I do not know that greater
prosperity has ever been achieved in a shorter time by a commercial
company. I think our friend here, Mr Montague, should be as
feelingly aware of that as any gentleman."
<br/>"What do you mean by that, Mr Melmotte?" asked Paul.
<br/>"What do I mean?—Certainly nothing adverse to your character,
sir. Your firm in San Francisco, sir, know very well how the
affairs of the Company are being transacted on this side of the
water. No doubt you are in correspondence with Mr Fisker.
Ask him. The telegraph wires are open to you, sir. But,
my Lords and Gentlemen, I am able to inform you that in affairs of
this nature great discretion is necessary. On behalf of the
shareholders at large whose interests are in our hands, I think it
expedient that any general statement should be postponed for a short
time, and I flatter myself that in that opinion I shall carry the
majority of this Board with me." Mr Melmotte did not make his
speech very fluently; but, being accustomed to the place which he
occupied, he did manage to get the words spoken in such a way as to
make them intelligible to the company. "I now move that this
meeting be adjourned to this day week," he added.
<br/>"I second that motion," said Lord Alfred, without moving his hand
from his breast.
<br/>"I understood that we were to have a statement," said Montague.
<br/>"You've had a statement," said Mr Cohenlupe.
<br/>"I will put my motion to the vote," said the Chairman. "I
shall move an amendment," said Paul, determined that he would not be
altogether silenced.
<br/>"There is nobody to second it," said Mr Cohenlupe.
<br/>"How do you know till I've made it?" asked the rebel. "I
shall ask Lord Nidderdale to second it, and when he has heard it I
think that he will not refuse."
<br/>"Oh, gracious me! why me? No;—don't ask me. I've got
to go away. I have indeed."
<br/>"At any rate I claim the right of saying a few words. I do
not say whether every affair of this Company should or should not be
published to the world."
<br/>"You'd break up everything if you did," said Cohenlupe.
<br/>"Perhaps everything ought to be broken up. But I say nothing
about that. What I do say is this. That as we sit here as
directors and will be held to be responsible as such by the public,
we ought to know what is being done. We ought to know where the
shares really are. I for one do not even know what scrip has
been issued."
<br/>"You've bought and sold enough to know something about it," said
Melmotte.
<br/>Paul Montague became very red in the face. "I, at any rate,
began," he said, "by putting what was to me a large sum of money into
the affair."
<br/>"That's more than I know," said Melmotte. "Whatever shares
you have, were issued at San Francisco, and not here."
<br/>"I have taken nothing that I haven't paid for," said
Montague. "Nor have I yet had allotted to me anything like the
number of shares which my capital would represent. But I did
not intend to speak of my own concerns."
<br/>"It looks very like it," said Cohenlupe.
<br/>"So far from it that I am prepared to risk the not improbable loss
of everything I have in the world. I am determined to know what
is being done with the shares, or to make it public to the world at
large that I, one of the directors of the Company, do not in truth
know anything about it. I cannot, I suppose, absolve myself
from further responsibility; but I can at any rate do what is right
from this time forward,—and that course I intend to take."
<br/>"The gentleman had better resign his seat at this Board," said
Melmotte. "There will be no difficulty about that."
<br/>"Bound up as I am with Fisker and Montague in California I fear
that there will be difficulty."
<br/>"Not in the least," continued the Chairman. "You need only
gazette your resignation and the thing is done. I had intended,
gentlemen, to propose an addition to our number. When I name to
you a gentleman, personally known to many of you, and generally
esteemed throughout England as a man of business, as a man of
probity, and as a man of fortune, a man standing deservedly high in
all British circles, I mean Mr Longestaffe of Caversham—"
<br/>"Young Dolly, or old," asked Lord Nidderdale.
<br/>"I mean Mr Adolphus Longestaffe, senior, of Caversham. I am
sure that you will all be glad to welcome him among you. I had
thought to strengthen our number by this addition. But if Mr
Montague is determined to leave us,—and no one will regret the loss
of his services so much as I shall,—it will be my pleasing duty to
move that Adolphus Longestaffe, senior, Esquire, of Caversham, be
requested to take his place. If on consideration Mr Montague
shall determine to remain with us,—and I for one most sincerely hope
that such reconsideration may lead to such determination,—then I
shall move that an additional director be added to our number, and
that Mr Longestaffe be requested to take the chair of that additional
director." The latter speech Mr Melmotte got through very
glibly, and then immediately left the chair, so as to show that the
business of the Board was closed for that day without any possibility
of re-opening it.
<br/>Paul went up to him and took him by the sleeve, signifying that he
wished to speak to him before they parted. "Certainly," said
the great man bowing. "Carbury," he said, looking round on the
young baronet with his blandest smile, "if you are not in a hurry,
wait a moment for me. I have a word or two to say before you
go. Now, Mr Montague, what can I do for you?" Paul began
his story, expressing again the opinion which he had already very
plainly expressed at the table. But Melmotte stopped him very
shortly, and with much less courtesy than he had shown in the speech
which he had made from the chair. "The thing is about this way,
I take it, Mr Montague;—you think you know more of this matter than
I do."
<br/>"Not at all, Mr Melmotte."
<br/>"And I think that I know more of it than you do. Either of
us may be right. But as I don't intend to give way to you,
perhaps the less we speak together about it the better. You
can't be in earnest in the threat you made, because you would be
making public things communicated to you under the seal of
privacy,—and no gentleman would do that. But as long as you
are hostile to me, I can't help you,—and so good afternoon."
Then, without giving Montague the possibility of a reply, he escaped
into an inner room which had the word "Private" painted on the door,
and which was supposed to belong to the chairman individually.
He shut the door behind him, and then, after a few moments, put out
his head and beckoned to Sir Felix Carbury. Nidderdale was
gone. Lord Alfred with his son were already on the
stairs. Cohenlupe was engaged with Melmotte's clerk on the
record-book. Paul Montague, finding himself without support and
alone, slowly made his way out into the court.
<br/>Sir Felix had come into the city intending to suggest to the
Chairman that having paid his thousand pounds he should like to have
a few shares to go on with. He was, indeed, at the present
moment very nearly penniless, and had negotiated, or lost at cards,
all the I.O.U.'s which were in any degree serviceable. He still
had a pocketbook full of those issued by Miles Grendall; but it was
now an understood thing at the Beargarden that no one was to be
called upon to take them except Miles Grendall himself;—an
arrangement which robbed the card-table of much of its delight.
Beyond this, also, he had lately been forced to issue a little paper
himself,—in doing which he had talked largely of his shares in the
railway. His case certainly was hard. He had actually
paid a thousand pounds down in hard cash, a commercial transaction
which, as performed by himself, he regarded as stupendous. It
was almost incredible to himself that he should have paid any one a
thousand pounds, but he had done it with much difficulty,—having
carried Dolly junior with him all the way into the city,—in the
belief that he would thus put himself in the way of making a
continual and unfailing income. He understood that as a
director he would be always entitled to buy shares at par, and, as a
matter of course, always able to sell them at the market price.
This he understood to range from ten to fifteen and twenty per cent.
profit. He would have nothing to do but to buy and sell
daily. He was told that Lord Alfred was allowed to do it to a
small extent; and that Melmotte was doing it to an enormous
extent. But before he could do it he must get something,—he
hardly knew what,—out of Melmotte's hands. Melmotte certainly
did not seem to shun him, and therefore there could be no difficulty
about the shares. As to danger,—who could think of danger in
reference to money intrusted to the hands of Augustus Melmotte?
<br/>"I am delighted to see you here," said Melmotte, shaking him
cordially by the hand. "You come regularly, and you'll find
that it will be worth your while. There's nothing like
attending to business. You should be here every Friday."
<br/>"I will," said the baronet.
<br/>"And let me see you sometimes up at my place in Abchurch
Lane. I can put you more in the way of understanding things
there than I can here. This is all a mere formal sort of
thing. You can see that."
<br/>"Oh yes, I see that."
<br/>"We are obliged to have this kind of thing for men like that
fellow Montague. By-the-bye, is he a friend of yours?"
<br/>"Not particularly. He is a friend of a cousin of mine; and
the women know him at home. He isn't a pal of mine if you mean
that."
<br/>"If he makes himself disagreeable, he'll have to go to the
wall;—that's all. But never mind him at present. Was
your mother speaking to you of what I said to her?"
<br/>"No, Mr Melmotte," said Sir Felix, staring with all his eyes.
<br/>"I was talking to her about you, and I thought that perhaps she
might have told you. This is all nonsense, you know, about you
and Marie." Sir Felix looked into the man's face. It was
not savage, as he had seen it. But there had suddenly come upon
his brow that heavy look of a determined purpose which all who knew
the man were wont to mark. Sir Felix had observed it a few
minutes since in the Board-room, when the chairman was putting down
the rebellious director. "You understand that; don't
you?" Sir Felix still looked at him, but made no reply.
"It's all d–––– nonsense. You haven't
got a brass farthing, you know. You've no income at all; you're
just living on your mother, and I'm afraid she's not very well
off. How can you suppose that I shall give my girl to
you?" Felix still looked at him but did not dare to contradict
a single statement made. Yet when the man told him that he had
not a brass farthing he thought of his own thousand pounds which were
now in the man's pocket. "You're a baronet, and that's about
all, you know," continued Melmotte. "The Carbury property,
which is a very small thing, belongs to a distant cousin who may
leave it to me if he pleases;—and who isn't very much older than you
are yourself."
<br/>"Oh, come, Mr Melmotte; he's a great deal older than me."
<br/>"It wouldn't matter if he were as old as Adam. The thing is
out of the question, and you must drop it." Then the look on
his brow became a little heavier. "You hear what I say.
She is going to marry Lord Nidderdale. She was engaged to him
before you ever saw her. What do you expect to get by it?"
<br/>Sir Felix had not the courage to say that he expected to get the
girl he loved. But as the man waited for an answer he was
obliged to say something. "I suppose it's the old story," he
said.
<br/>"Just so;—the old story. You want my money, and she wants
you, just because she has been told to take somebody else. You
want something to live on;—that's what you want. Come;—out
with it. Is not that it? When we understand each other
I'll put you in the way of making money."
<br/>"Of course I'm not very well off," said Felix.
<br/>"About as badly as any young man that I can hear of. You
give me your written promise that you'll drop this affair with Marie,
and you shan't want for money."
<br/>"A written promise!"
<br/>"Yes;—a written promise. I give nothing for nothing.
I'll put you in the way of doing so well with these shares that you
shall be able to marry any other girl you please;—or to live without
marrying, which you'll find to be better."
<br/>There was something worthy of consideration in Mr Melmotte's
proposition. Marriage of itself, simply as a domestic
institution, had not specially recommended itself to Sir Felix
Carbury. A few horses at Leighton, Ruby Ruggles or any other
beauty, and life at the Beargarden were much more to his taste.
And then he was quite alive to the fact that it was possible that he
might find himself possessed of the wife without the money.
Marie, indeed, had a grand plan of her own, with reference to that
settled income; but then Marie might be mistaken,—or she might be
lying. If he were sure of making money in the way Melmotte now
suggested, the loss of Marie would not break his heart. But
then also Melmotte might be—lying. "By-the-bye, Mr Melmotte,"
said he, "could you let me have those shares?"
<br/>"What shares?" And the heavy brow became still heavier.
<br/>"Don't you know?—I gave you a thousand pounds, and I was to
have ten shares."
<br/>"You must come about that on the proper day, to the proper place."
<br/>"When is the proper day?"
<br/>"It is the twentieth of each month, I think." Sir Felix
looked very blank at hearing this, knowing that this present was the
twenty-first of the month. "But what does that signify?
Do you want a little money?"
<br/>"Well, I do," said Sir Felix. "A lot of fellows owe me
money, but it's so hard to get it."
<br/>"That tells a story of gambling," said Mr Melmotte. "You
think I'd give my girl to a gambler?"
<br/>"Nidderdale's in it quite as thick as I am."
<br/>"Nidderdale has a settled property which neither he nor his father
can destroy. But don't you be such a fool as to argue with
me. You won't get anything by it. If you'll write that
letter here now—"
<br/>"What;—to Marie?"
<br/>"No;—not to Marie at all; but to me. It need never be known
to her. If you'll do that I'll stick to you and make a man of
you. And if you want a couple of hundred pounds I'll give you a
cheque for it before you leave the room. Mind, I can tell you
this. On my word of honour as a gentleman, if my daughter were
to marry you, she'd never have a single shilling. I should
immediately make a will and leave all my property to St. George's
Hospital. I have quite made up my mind about that."
<br/>"And couldn't you manage that I should have the shares before the
twentieth of next month?"
<br/>"I'll see about it. Perhaps I could let you have a few of my
own. At any rate I won't see you short of money."
<br/>The terms were enticing and the letter was of course
written. Melmotte himself dictated the words, which were not
romantic in their nature. The reader shall see the letter.
<br/>
<br/>
<br/>
<blockquote>
<i>
DEAR SIR,<br/>
<br/>
In consideration of the offers made by
you to me, and on a clear understanding that such a marriage would be
disagreeable to you and to the lady's mother, and would bring down a
father's curse upon your daughter, I hereby declare and promise that
I will not renew my suit to the young lady, which I hereby altogether
renounce.<br/>
<br/>
I am, Dear Sir,<br/>
<br/>
Your obedient servant,<br/>
<br/>
FELIX CARBURY.<br/>
<br/>
AUGUSTUS MELMOTTE, Esq.,<br/>
Grosvenor Square.<br/>
</i>
</blockquote>
<br/>
<br/>The letter was dated 21st July, and bore the printed address of
the offices of the South Central Pacific and Mexican Railway.
<br/>"You'll give me that cheque for £200, Mr Melmotte?" The
financier hesitated for a moment, but did give the baronet the cheque
as promised. "And you'll see about letting me have those
shares?"
<br/>"You can come to me in Abchurch Lane, you know." Sir Felix
said that he would call in Abchurch Lane.
<br/>As he went westward towards the Beargarden, the baronet was not
happy in his mind. Ignorant as he was as to the duties of a
gentleman, indifferent as he was to the feelings of others, still he
felt ashamed of himself. He was treating the girl very
badly. Even he knew that he was behaving badly. He was so
conscious of it that he tried to console himself by reflecting that
his writing such a letter as that would not prevent his running away
with the girl, should he, on consideration, find it to be worth his
while to do so.
<br/>That night he was again playing at the Beargarden, and he lost a
great part of Mr Melmotte's money. He did in fact lose much
more than the £200; but when he found his ready money going from him
he issued paper.
<br/>
<br/>
<br/>
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