It is needless to say that the solemn rage of Hand, to say nothing of the pathetic anger of Haguenin, coupled with the wrath of Redmond Purdy, who related to all his sad story, and of young MacDonald and his associates of the Chicago General Company, constituted an atmosphere highly charged with possibilities and potent for dramatic results. The most serious element in this at present was Hosmer Hand, who, being exceedingly wealthy and a director in a number of the principal mercantile and financial institutions of the city, was in a position to do Cowperwood some real financial harm. Hand had been extremely fond of his young wife. Being a man of but few experiences with women, it astonished and enraged him that a man like Cowperwood should dare to venture on his preserves in this reckless way, should take his dignity so lightly. He burned now with a hot, slow fire of revenge.
Those who know anything concerning the financial world and its great adventures know how precious is that reputation for probity, solidarity, and conservatism on which so many of the successful enterprises of the world are based. If men are not absolutely honest themselves they at least wish for and have faith in the honesty of others. No set of men know more about each other, garner more carefully all the straws of rumor which may affect the financial and social well being of an individual one way or another, keep a tighter mouth concerning their own affairs and a sharper eye on that of their neighbors. Cowperwood’s credit had hitherto been good because it was known that he had a “soft thing” in the Chicago street-railway field, that he paid his interest charges promptly, that he had organized the group of men who now, under him, controlled the Chicago Trust Company and the North and West Chicago Street Railways, and that the Lake City Bank, of which Addison was still president, considered his collateral sound. Nevertheless, even previous to this time there had been a protesting element in the shape of Schryhart, Simms, and others of considerable import in the Douglas Trust, who had lost no chance to say to one and all that Cowperwood was an interloper, and that his course was marked by political and social trickery and chicanery, if not by financial dishonesty. As a matter of fact, Schryhart, who had once been a director of the Lake City National along with Hand, Arneel, and others, had resigned and withdrawn all his deposits sometime before because he found, as he declared, that Addison was favoring Cowperwood and the Chicago Trust Company with loans, when there was no need of so doing – when it was not essentially advantageous for the bank so to do. Both Arneel and Hand, having at this time no personal quarrel with Cowperwood on any score, had considered this protest as biased. Addison had maintained that the loans were neither unduly large nor out of proportion to the general loans of the bank. The collateral offered was excellent. “I don’t want to quarrel with Schryhart,” Addison had protested at the time; “but I am afraid his charge is unfair. He is trying to vent a private grudge through the Lake National. That is not the way nor this the place to do it.”
Both Hand and Arneel, sober men both, agreed with this – admiring Addison – and so the case stood. Schryhart, however, frequently intimated to them both that Cowperwood was merely building up the Chicago Trust Company at the expense of the Lake City National, in order to make the former strong enough to do without any aid, at which time Addison would resign and the Lake City would be allowed to shift for itself. Hand had never acted on this suggestion but he had thought.
It was not until the incidents relating to Cowperwood and Mrs. Hand had come to light that things financial and otherwise began to darken up. Hand, being greatly hurt in his pride, contemplated only severe reprisal. <…>
A little later Schryhart, meeting Duane Kingsland, learned the true source of Hand’s feeling against Cowperwood, and was not slow in transferring this titbit to Merrill, Simms, and others. Merrill, who, though Cowperwood had refused to extend his La Salle Street tunnel loop about State Street and his store, had hitherto always liked him after a fashion – remotely admired his courage and daring – was now appropriately shocked. <…>
Similarly Hand, meeting Arneel not so long afterward, confided to him that Cowperwood was trying to repudiate a sacred agreement. Arneel was grieved and surprised. It was enough for him to know that Hand had been seriously injured. Between the two of them they now decided to indicate to Addison, as president of the Lake City Bank, that all relations with Cowperwood and the Chicago Trust Company must cease. The result of this was, not long after, that Addison, very suave and gracious, agreed to give Cowperwood due warning that all his loans would have to be taken care of and then resigned – to become, seven months later, president of the Chicago Trust Company. This desertion created a great stir at the time, astonishing the very men who had suspected that it might come to pass. The papers were full of it.
“Well, let him go,” observed Arneel to Hand, sourly, on the day that Addison notified the board of directors of the Lake City of his contemplated resignation. “If he wants to sever his connection with a bank like this to go with a man like that, it’s his own lookout. He may live to regret it.”
It so happened that by now another election was pending Chicago, and Hand, along with Schryhart and Arneel – who joined their forces because of his friendship for Hand – decided to try to fight Cowperwood through this means.
Hosmer Hand, feeling that he had the burden of a great duty upon him, was not slow in acting. He was always, when aroused, a determined and able fighter. Needing an able lieutenant in the impending political conflict, he finally bethought himself of a man who had recently come to figure somewhat conspicuously in Chicago politics – one Patrick Gilgan, the same Patrick Gilgan of Cowperwood’s old Hyde Park gas-war days. Mr. Gilgan was now a comparatively well-to-do man. Owing to a genial capacity for mixing with people, a close mouth, and absolutely no understanding of, and consequently no conscience in matters of large public import (in so far as they related to the so-called rights of the mass), he was a fit individual to succeed politically. His saloon was the finest in all Wentworth Avenue. It fairly glittered with the newly introduced incandescent lamp reflected in a perfect world of beveled and faceted mirrors. His ward, or district, was full of low, rain-beaten cottages crowded together along half-made streets; but Patrick Gilgan was now a state senator, slated for Congress at the next Congressional election, and a possible successor of the Hon. John J. McKenty as dictator of the city, if only the Republican party should come into power. (Hyde Park, before it had been annexed to the city, had always been Republican, and since then, although the larger city was normally Democratic, Gilgan could not conveniently change.) Hearing from the political discussion which preceded the election that Gilgan was by far the most powerful politician on the South Side, Hand sent for him. Personally, Hand had far less sympathy with the polite moralistic efforts of men like Haguenin, Hyssop, and others, who were content to preach morality and strive to win by the efforts of the unco good, than he had with the cold political logic of a man like Cowperwood himself. If Cowperwood could work through McKenty to such a powerful end, he, Hand, could find someone else who could be made as powerful as McKenty. <…>
“Well,” said Mr. Hand, “suppose a group of influential men here in Chicago were to get together and guarantee sufficient funds for a city-wide campaign; now, if you had the complete support of the newspapers and the Republican organization in the bargain, could you organize the opposition here so that the Democratic party could be beaten this fall? I’m not talking about the mayor merely and the principal city officers, but the council, too – the aldermen. I want to fix things so that the McKenty-Cowperwood crowd couldn’t get an alderman or a city official to sell out, once they are elected. I want the Democratic party beaten so thoroughly that there won’t be any question in anybody’s mind as to the fact that it has been done. There will be plenty of money forthcoming if you can prove to me, or, rather, to the group of men I am thinking of, that the thing can be done.”
Mr. Gilgan blinked his eyes solemnly. He rubbed his knees, put his thumbs in the armholes of his vest, took out a cigar, lit it, and gazed poetically at the ceiling. He was thinking very, very hard. Mr. Cowperwood and Mr. McKenty, as he knew, were very powerful men. He had always managed to down the McKenty opposition in his ward, and several others adjacent to it, and in the Eighteenth Senatorial District, which he represented. But to be called upon to defeat him in Chicago, that was different. Still, the thought of a large amount of cash to be distributed through him, and the chance of wresting the city leadership from McKenty by the aid of the so-called moral forces of the city, was very inspiring. Mr. Gilgan was a good politician. He loved to scheme and plot and make deals – as much for the fun of it as anything else. Just now he drew a solemn face, which, however, concealed a very light heart. <…>
“Give me enough money” – and at this noble thought Mr. Gilgan straightened up and slapped one fist lightly in the other, adjusting at the same time his half-burned cigar so that it should not burn his hand – “and I can carry every ward in Chicago, bar none. If I have money enough,” he repeated, emphasizing the last two words. <…> “I should say three hundred thousand dollars would be safer, and that wouldn’t be any too much by any means.” <…>
Mr. Hand, who had never busied himself with the minutiae of politics, opened his eyes slightly. This colonizing idea was a little liberal, he thought.
“Who distributes this money?” he asked, finally.
“Nominally, the Republican County Committee, if it’s in charge; actually, the man or men who are leading the fight. In the case of the Democratic party it’s John J. McKenty, and don’t you forget it. In my district it’s me. and no one else.”
Mr. Hand, slow, solid, almost obtuse at times, meditated under lowering brows. He had always been associated with a more or less silk-stocking crew who were unused to the rough usage of back-room saloon politics, yet every one suspected vaguely, of course, at times that ballot-boxes were stuffed and ward lodging-houses colonized. Every one (at least every one of any worldly intelligence) knew that political capital was collected from office-seekers, office-holders, beneficiaries of all sorts and conditions under the reigning city administration. Mr. Hand had himself contributed to the Republican party for favors received or about to be. As a man who had been compelled to handle large affairs in a large way he was not inclined to quarrel with this. Three hundred thousand dollars was a large sum, and he was not inclined to subscribe it alone, but fancied that at his recommendation and with his advice it could be raised. Was Gilgan the man to fight Cowperwood? He looked him over and decided – other things being equal – that he was. And forthwith the bargain was struck. Gilgan, as a Republican central committeeman – chairman, possibly – was to visit every ward, connect up with every available Republican force, pick strong, suitable anti-Cowperwood candidates, and try to elect them, while he, Hand, organized the money element and collected the necessary cash. Gilgan was to be given money personally. He was to have the undivided if secret support of all the high Republican elements in the city. His business was to win at almost any cost. And as a reward he was to have the Republican support for Congress, or, failing that, the practical Republican leadership in city and county.
“Anyhow,” said Hand, after Mr. Gilgan finally took his departure, “things won’t be so easy for Mr. Cowperwood in the future as they were in the past. And when it comes to getting his franchises renewed, if I’m alive, we’ll see whether he will or not.”
The heavy financier actually growled a low growl as he spoke out loud to himself. He felt a boundless rancor toward the man who had, as he supposed, alienated the affections of his smart young wife.