PART II
I
FINANCIAL INTELLIGENCE
Four years ago—no very long time, even to those who must count it by the ruins and ghosts it has made—the light-hearted wayfarer amid financial pitfalls—vacuus coram latrone viator—not more a snob than an antiquary with a wistful regard for survivals need confess himself, spared a glance, as he passed along Throgmorton Avenue, for a big brass plate on the door of the corner building which overlooks the crouched statue and smoky fig-trees of the "Draper's Garden." For him the legend it bore called up a vision, unique amid the alien and masqueradingly Semitic names with which the dreary canyon is plastered, of other and very different days, fiercer perhaps but at least less meanly cruel; of hard knocks given and taken in a selfless quarrel; of blows upon helmet and corselet, thrusts that the buff coat haply turned; of a fight that raged one whole September afternoon through the streets of the "ever faithful city."[2]
"Bryan Lumsden, Calvert & Co.,Stock and Share Brokers."
A stranger to the ephemeral record of London society—if such a one can be imagined in this day of "open letters" and the ubiquitous lens—who met the genial head of the firm upon the lawn at Cowes, or among his yearlings at Stanmore, at the pigeon butts of Pau and Cannes, or in the thrice-guarded sanctuary of the Turf Club writing-room, or who, as is likelier far, merely passed him in Austin Friars, silk hat cocked rakishly, one hand holding the lapel of his coat and the other laid lightly and characteristically upon the shoulder of some olive-skinned lord of the market, would probably have carried away a totally false impression of the man and of his history. Official text-books—the one, for instance, in which poor Fenella discovered a romance so enthralling, would not greatly have helped him. He would have learned from them that Sir Bryan Lumsden was twelfth baronet of either a very old or a very short-lived dynasty; that he was the son of Denzil Lumsden, of Coffers Castle, Kincardineshire; that he had served his country in the Scots Guards, been an aide-de-camp during the Tirah Campaign (medal and clasps), and had left the service at twenty-five. No less than three residences housed all this greatness: the castle aforesaid, "The Chase," Stanmore, and 369 Mount Street. "Clubs: the Turf, Marlboro, and Royal Yacht. Unmarried." And from the silence concerning the sphere in which three parts of his life were spent, and upon whose harvest, presumably, these glories were supported, he would have conjectured that here was a case common enough in latter-day life: the scion of an old house, bought in to finance by family money and connection, gradually acquiring sufficient zest for the game to justify a predominant interest, and, with position assured, returning blithely to the life of his younger days, while, under the griffin wings that hatch so many a clutch of golden eggs, Calvert, imaginable as a rather vulgar but discreet person, buttoning a black coat high on his chest and redressing the senior partner's ebullience by Apollinaris and bulb-culture at Sutton, watched the processes that, by a law of growth as simple as that which sows the pollen on the wind, make the rich man daily and hourly richer.
They would have been quite wrong. No titled food-adulterer or gutter journalist—no drab figure in all the broadclothed gallery with which Dr. Smiles seeks to fire the imagination of youth—was more literally the architect of his own fortunes. Twelve years ago, when he was an attaché at Vienna, with a long night of ruinous play behind him and a scented but heartless letter under his elbow, Bryan Lumsden had spun a coin to decide whether he should continue the battle elsewhere and under less tangled conditions or pass to the completer simplification which was all his pagan soul conceived of death. He had tossed the double thaler into the air simply, with no consciousness of pose, and since it fell for life, had played the game out that way. Returning to London, he had sent in his papers, paid his debts with what was left of an attenuated property, and asked for "desk-room" in the office of the broker through whom the final transactions were conducted—a dark, secretive man, little susceptible to the appeal of the incongruous or to the glamour of a barren title.
At the end of a year, upon the quarter per cent. margin allowed to those outside the house for business they introduce, he was earning an income in excess of many sworn members of repute, who struggle on from settlement to settlement with the hammer suspended over their heads like a sword of Damocles. In three years he was a member of the house and a partner. Business flowed to him. His gay, casual manners, his cheery voice, melted the senile heart of Mammon. The baffling blue eye, behind which a purpose quick and strong as steel was kept bright, pierced its pompous parade from the outset, and, holding his adversary at a deflated value, he was never tempted to take himself any the more seriously for his success. To the last the moves for which the market watched would be made between a chat with his trainer and a chaffing and recondite conversation over the telephone with the Tower mess. History is always repeating itself in unlooked for fashions. A hundred and sixty years ago the great Marshal Saxe, forming his squadrons for the charge that was to give Lauffeld to the French, ordered aside their black-avised brigadier and picked on a subaltern, careless and rosy, whom he espied laughing in his saddle, to lead the human avalanche. And in the meaner struggle that seems to have displaced war indefinitely, it will still happen that a light heart with a constitutional cheerfulness in taking risks finds all manner of blind forces following headlong at its heels.
His great chance came when he was just over thirty. For two hours of a sunny afternoon, and to the clouding of a fair brow at Ranelagh, a gaunt, hungry-eyed Western American, referred to him in despair by a friend whose time the stranger had daily and pertinaciously returned to waste, sat in his private office. The man's story was a fantastic one. Of a tunnel which he had been excavating under subvention, for years, and timbering furlong by furlong, sometimes more, sometimes less, as the rusty ore with which the mountain teemed assayed well or ill; of a suspicion, dawning on him little by little as he proceeded, that a wild miner's tale of the district—the legend of the lost lode of Troublesome Gulch—might not, after all, be a myth; the sudden discovery of free gold in the rarest and most precious of ores, "running up through the rock, sir, like a fern"; the theft of the samples that would have justified him; the sudden withdrawal of his subvention, and the decision of the railroad to build its connecting line at a lower level and at an easier gradient; the offers that had been made him for his property, in all of which his fevered mind saw only a threat and evidence of conspiracy. The man was no smooth-tongued exploiter: he spoke roughly, uncouthly, chewing to rags the first dry cigar he had ever smoked, in an evident sweat of fear lest somehow or other his secret should be torn from him—straining to be back and on guard again. His eyes blazed as he talked and his hand shook. He had been nursing his dreams on aerated bread and coffee.
Lumsden kept his visitor by him—wired to Ranelagh—telephoned to various quarters. That night in a private room at the Carlton the company was (unofficially) formed. Within a week from their issue "Gulches" were the sensation of the market. They started well at parity, dropped to fifteen shillings and twelve and a half on an attack of nerves and a truculent attitude on the part of the railroad; recovered, rose to thirty, soared to forty, to four, to six pounds. Fresh shares were issued; the public, almost kept out of the first issue, responded greedily, and the opportunity was seized to unload more of the old debentures than certain cool heads approved. It might be another Camp Bird; it might be the most colossal swindle since Kaffir days; in either case, its proportions inspired respect. There was a shuffle on the financial checker-board. West Hampstead moved to Mayfair, Porchester Gate to Park Lane, and was, so to speak,crownedthere, with power to move either way for the future, in a bull or bear direction, capturing meaner uncrowned piecesen route. Stanwood went back to Sleepy Cat Mountain with the light of victory in his eye.
Before the snow had melted round the feet of the burros which were bringing down his six-dollar quartz to the smelter he was a ruined man. It was everybody's fault and nobody's fault. The necessary delays had not been discounted; holders were pressed in other directions; finally a discovery that Lumsden, to fill an order for a thousand shares, was buying outside and privately at three-fifteen, stampeded the market. The collapse was complete enough to become a joke. Clerks asked one another: "Will you take it in half-crowns or in Gulch debentures?"
In the summer Lumsden went out to the States. He found Stanwood, a baffled but not a beaten man, and his son, a strong silent lad with steady eyes, "batching" in a log shanty with an earthen roof. Tin kettles and saucepans were hung on pegs all around the outside walls. Behind the hut, among whortle bushes, an ice-cold spring bubbled out of the ground, and all manner of wild mountain flowers—rabbit-ears, puccoons, and thimble-berries—grew to the threshold. They were seven thousand feet above sea-level; all around was space and silence—an air like sparkling wine: his feet, as he ascended the track, crushed sweet harsh odors out of the barren earth.
In long but not aimless rambles over the boulder-strewn slopes; in elk hunts up in the timber reserve; in naked male talk by the cedar fire under the star-bewildered dome of night, the two men grew to learn, to esteem, and to trust one another. There was cheering news, even before Lumsden returned East, for the worn woman who was keeping an Omaha boarding-house for brawling Swedish clerks. He travelled slowly, by way of Denver, New York, Washington, and Paris, seeing a good many people in business hours, and, it must be admitted, amusing himself pretty strenuously out of them. He was back in London by October, and the rest is financial history. People said: "Oh! but what about the original shareholders?" Yet it was amazing how few ever came forward. Lumsden and Lumsden's friends seemed to have gobbled them all up.
There is only one thing more which, in this place, it becomes necessary to record of Bryan Lumsden. Once a month or so, sometimes oftener, sometimes less, at the busiest hour of the afternoon, a big closed motor-car made its way, with many grunts and turns, to the big corner building in Throgmorton Avenue. Sir Bryan would issue from the swing doors, throwing instructions over his shoulder as he passed through the office, sometimes would even dictate a letter to the clerk at his elbow, with one foot on the step of the coupé. After a single word to the chauffeur, which the man acknowledged by touching his peaked cap, he would fling himself back against the cushions of the limousine and busy himself with a pile of papers which he had brought under his arm. Occasionally, at some stoppage or temporary eclipse of light, he would look up from them. It was noticeable then that his face had lost its pleasant quality, was even hard and cruel.
The car rolled on, slowly and softly, through the congested city streets, noisily insistent amid heavy van traffic in Clerkenwell, quickened its speed as it turned into Bloomsbury's drab squares. Presently Regents Park flashed green or ghostly gray outside the windows; long brown garden walls and shabby stucco of St. John's Wood reeled past; the car breasted the hill to Frognal, along a steep avenue of widely spaced, fantastic red-brick houses, set amid shrubs and old timber, and with an occasional glimpse, in lichened roof or clustered chimneys, of an older suburb.
It stopped outside a low wide house which overlooked the heath and was separated from the road by a clipped hedge. Generally, warned by the tumult of the car's approach, the door would fly open before he could reach it from the garden gate; if not, he pulled the wrought iron bell-handle. If the summons remained unanswered beyond a few seconds, he felt impatiently in his pocket for a key and admitted himself. Inside, he looked round the low, wide hall, with the hard air of proprietorship which a man keeps for the place that is his house but not his home. He summoned the laggard servants, spoke sharply to them (in French), pushed open the door of the drawing-room, and waited, biting his moustache restlessly, and looking out of the window over the wide heath. A novel, face downward, or a wisp of embroidery generally decorated the cushions of the window seat.
Presently the door would open behind his back, and a soft rustle of silk and chink of jewelled ornaments cease of a sudden as a woman stood at gaze, watching the broad back or clear profile, silhouetted against the diamond panes of the bow window. With the same undisguised air of ownership, unutterably hideous now when a human creature endured it, Lumsden turned and looked—looked at a slave whom his money had bought and of whom he had tired.
Either one of two things might happen then: She might be peevish, perverse, and bitter, answering his perfunctory questions as shortly, with many shrugs of her shoulders and deprecatory motions of her bare arms; striving with all the advantage her native tongue, the language of cruel inflection and bitter meanings, could give her, to plant her own chagrins, like poisoned arrows, in his breast. Or else, abandoning herself upon his shoulder in an attitude for which everything about her—her dress, the very fashion of her hair—seemed calculated, she would force him to a seat, fling her arms around his neck, recall old tendernesses, never forgetting to mingle her kisses with complaints of her servants—so insolent; her tradesmen—so pressing; the view over the heath—sotristein winter. Her eyes would be dilated, their pupils at a point. Looking down, Lumsden could see little black dots all over the large white arms. He bore kisses and reproaches with exactly the same stoicism, still waiting, still keeping his eyes upon the door.
Suddenly their expression changed. There would be a shrill chatter of women in the hall—every one in this house seemed to speak and scold in French—cries of "Prenez garde! M. Cyrille!" "Une marche de plus!" "Voilà!"—a child's voice asking for "papa! papa!" Led by a French bonne, though he appeared full five years old, and struggling in her grasp, a little boy would enter the room with eager precipitancy. He walked sturdily but somehow clumsily too, holding his free arm out before him and tossing the fair curls from his forehead with a curious baffled gesture. Reaching Lumsden's knee or outstretched hand, he would give a shrill, glad cry, break once for all from the woman who had guided him, and next moment be clasped and gathered into his father's long powerful arms.
Fate has a fine unseemliness, now and then, in her dispensations. It was in a house leased for the service of shame, among brazen foreign women whose hard black eyes belied the respect of their voices, that Lumsden was forced from time to time to plumb the depth of tenderness that lurked in his own heart. He loved his little son as he loved nothing else in the world. And the boy was stone blind from birth.