An African Millionaire: Episodes in the Life of the Illustrious Colonel Clay

I confess it was a sufficiently suspicious conjunction. The three representatives of the diamond interest gazed at each other with inquiring side-glances. Then their eyes fell suddenly: they avoided one another. Had each independently substituted a weak and inferior natural stone for Professor Schleiermacher's manufactured pebbles? It almost seemed so. For a moment, I admit, I was half inclined to suppose it. But next second I changed my mind. Could a man of Sir Charles Vandrift's integrity and high principle stoop for lucre's sake to so mean an expedient?—not to mention the fact that, even if he did, and if Mosenheimer did likewise, the stones submitted to the scientific men would have amply sufficed to establish the reality and success of the experiments!

Still, I must say, Charles looked guiltily across at Mosenheimer, and Mosenheimer at Phipson, while three more uncomfortable or unhappy-faced men could hardly have been found at that precise minute in the City of Westminster.

Then Sir Adolphus spoke—or, rather, he orated. He said, in his loud and grating voice, we had that evening, and on a previous evening, been present at the conception and birth of an Epoch in the History of Science. Professor Schleiermacher was one of those men of whom his native Saxony might well be proud; while as a Briton he must say he regretted somewhat that this discovery, like so many others, should have been "Made in Germany." However, Professor Schleiermacher was a specimen of that noble type of scientific men to whom gold was merely the rare metal Au, and diamonds merely the element C in the scarcest of its manifold allotropic embodiments. The Professor did not seek to make money out of his discovery. He rose above the sordid greed of capitalists. Content with the glory of having traced the element C to its crystalline origin, he asked no more than the approval of science. However, out of deference to the wishes of those financial gentlemen who were oddly concerned in maintaining the present price of C in its crystalline form—in other words, the diamond interest—they had arranged that the secret should be strictly guarded and kept for the present; not one of the few persons admitted to the experiments would publicly divulge the truth about them. This secrecy would be maintained till he himself, and a small committee of the Royal Society, should have time to investigate and verify for themselves the Professor's beautiful and ingenious processes—an investigation and verification which the learned Professor himself both desired and suggested. (Schleiermacher nodded approval.) When that was done, if the process stood the test, further concealment would be absolutely futile. The price of diamonds must fall at once below that of paste, and any protest on the part of the financial world would, of course, be useless. The laws of Nature were superior to millionaires. Meanwhile, in deference to the opinion of Sir Charles Vandrift, whose acquaintance with that fascinating side of the subject nobody could deny, they had consented to send no notices to the Press, and to abstain from saying anything about this beautiful and simple process in public. He dwelt with horrid gusto on that epithet "beautiful." And now, in the name of British mineralogy, he must congratulate Professor Schleiermacher, our distinguished guest, on his truly brilliant and crystalline contribution to our knowledge of brilliants and of crystalline science.

Everybody applauded. It was an awkward moment. Sir Charles bit his lip. Mosenheimer looked glum. Young Phipson dropped an expression which I will not transcribe. (I understand this work may circulate among families.) And after a solemn promise of death-like secrecy, the meeting separated.

I noticed that my brother-in-law somewhat ostentatiously avoided Mosenheimer at the door; and that Phipson jumped quickly into his own carriage. "Home!" Charles cried gloomily to the coachman as we took our seats in the brougham. And all the way to Mayfair he leaned back in his seat, with close-set lips, never uttering a syllable.

Before he retired to rest, however, in the privacy of the billiard-room, I ventured to ask him: "Charles, will you unload Golcondas to-morrow?" Which, I need hardly explain, is the slang of the Stock Exchange for getting rid of undesirable securities. It struck me as probable that, in the event of the invention turning out a reality, Cloetedorp A's might become unsaleable within the next few weeks or so.

He eyed me sternly. "Wentworth," he said, "you're a fool!" (Except on occasions when he is very angry, my respected connection never calls me "Wentworth"; the familiar abbreviation, "Sey"—derived from Seymour—is his usual mode of address to me in private.) "Is it likely I would unload, and wreck the confidence of the public in the Cloetedorp Company at such a moment? As a director—as Chairman—would it be just or right of me? I ask you, sir, could I reconcile it to my conscience?"

"Charles," I answered, "you are right. Your conduct is noble. You will not save your own personal interests at the expense of those who have put their trust in you. Such probity is, alas! very rare in finance!" And I sighed involuntarily; for I had lost in Liberators.

At the same time I thought to myself, "I am not a director. No trust is reposed in me. I have to think first of dear Isabel and the baby. Before the crash comes I will sell out to-morrow the few shares I hold, through Charles's kindness, in the Cloetedorp Golcondas."

With his marvellous business instinct, Charles seemed to divine my thought, for he turned round to me sharply. "Look here, Sey," he remarked, in an acidulous tone, "recollect, you're my brother-in-law. You are also my secretary. The eyes of London will be upon us to-morrow. If you were to sell out, and operators got to know of it, they'd suspect there was something up, and the company would suffer for it. Of course, you can do what you like with your own property. I can't interfere with that. I do not dictate to you. But as Chairman of the Golcondas, I am bound to see that the interests of widows and orphans whose All is invested with me should not suffer at this crisis." His voice seemed to falter. "Therefore, though I don't like to threaten," he went on, "I am bound to give you warning: if you sell out those shares of yours, openly or secretly, you are no longer my secretary; you receive forthwith six months' salary in lieu of notice, and—you leave me instantly."

"Very well, Charles," I answered, in a submissive voice; though I debated with myself for a moment whether it would be best to stick to the ready money and quit the sinking ship, or to hold fast by my friend, and back Charles's luck against the Professor's science. After a short, sharp struggle within my own mind, I am proud to say, friendship and gratitude won. I felt sure that, whether diamonds went up or down, Charles Vandrift was the sort of man who would come to the top in the end in spite of everything. And I decided to stand by him!

I slept little that night, however. My mind was a whirlwind. At breakfast Charles also looked haggard and moody. He ordered the carriage early, and drove straight into the City.

There was a block in Cheapside. Charles, impatient and nervous, jumped out and walked. I walked beside him. Near Wood Street a man we knew casually stopped us.

"I think I ought to mention to you," he said, confidentially, "that I have it on the very best authority that Schleiermacher, of Jena—"

"Thank you," Charles said, crustily, "I know that tale, and—there's not a word of truth in it."

He brushed on in haste. A yard or two farther a broker paused in front of us.

"Halloa, Sir Charles!" he called out, in a bantering tone. "What's all this about diamonds? Where are Cloetedorps to-day? Is it Golconda, or Queer Street?"

Charles drew himself up very stiff. "I fail to understand you," he answered, with dignity.

"Why, you were there yourself," the man cried. "Last night at Sir Adolphus's! Oh yes, it's all over the place; Schleiermacher of Jena has succeeded in making the most perfect diamonds—for sixpence apiece—as good as real—and South Africa's ancient history. In less than six weeks Kimberley, they say, will be a howling desert. Every costermonger in Whitechapel will wear genuine Koh-i-noors for buttons on his coat; every girl in Bermondsey will sport a rivière like Lady Vandrift's to her favourite music-hall. There's a slump in Golcondas. Sly, sly, I can see; but we know all about it!"

Charles moved on, disgusted. The man's manners were atrocious. Near the Bank we ran up against a most respectable jobber.

"Ah, Sir Charles," he said; "you here? Well, this is strange news, isn't it? For my part, I advise you not to take it too seriously. Your stock will go down, of course, like lead this morning. But it'll rise to-morrow, mark my words, and fluctuate every hour till the discovery's proved or disproved for certain. There's a fine time coming for operators, I feel sure. Reports this way and that. Rumours, rumours, rumours. And nobody will know which way to believe till Sir Adolphus has tested it."

We moved on towards the House. Black care was seated on Sir Charles's shoulders. As we drew nearer and nearer, everybody was discussing the one fact of the moment. The seal of secrecy had proved more potent than publication on the housetops. Some people told us of the exciting news in confidential whispers; some proclaimed it aloud in vulgar exultation. The general opinion was that Cloetedorps were doomed, and that the sooner a man cleared out the less was he likely to lose by it.

Charles strode on like a general; but it was a Napoleon brazening out his retreat from Moscow. His mien was resolute. He disappeared at last into the precincts of an office, waving me back, not to follow. After a long consultation he came out and rejoined me.

All day long the City rang with Golcondas, Golcondas. Everybody murmured, "Slump, slump in Golcondas." The brokers had more business to do than they could manage; though, to be sure, almost every one was a seller and no one a buyer. But Charles stood firm as a rock, and so did his brokers. "I don't want to sell," he said, doggedly. "The whole thing is trumped up. It's a mere piece of jugglery. For my own part, I believe Professor Schleiermacher is deceived, or else is deceiving us. In another week the bubble will have burst, and prices will restore themselves." His brokers, Finglemores, had only one answer to all inquiries: "Sir Charles has every confidence in the stability of Golcondas, and doesn't wish to sell or to increase the panic."

All the world said he was splendid, splendid! There he stationed himself on 'Change like some granite stack against which the waves roll and break themselves in vain. He took no notice of the slump, but ostentatiously bought up a few shares here and there so as to restore public confidence.

"I would buy more," he said, freely, "and make my fortune; only, as I was one of those who happened to spend last night at Sir Adolphus's, people might think I had helped to spread the rumour and produce the slump, in order to buy in at panic rates for my own advantage. A chairman, like Caesar's wife, should be above suspicion. So I shall only buy up just enough, now and again, to let people see I, at least, have no doubt as to the firm future of Cloetedorps."

He went home that night, more harassed and ill than I have ever seen him. Next day was as bad. The slump continued, with varying episodes. Now, a rumour would surge up that Sir Adolphus had declared the whole affair a sham, and prices would steady a little; now, another would break out that the diamonds were actually being put upon the market in Berlin by the cart-load, and timid old ladies would wire down to their brokers to realise off-hand at whatever hazard. It was an awful day. I shall never forget it.

The morning after, as if by miracle, things righted themselves of a sudden. While we were wondering what it meant, Charles received a telegram from Sir Adolphus Cordery:—

"The man is a fraud. Not Schleiermacher at all. Just had a wire from Jena saying the Professor knows nothing about him. Sorry unintentionally to have caused you trouble. Come round and see me."

"Sorry unintentionally to have caused you trouble." Charles was beside himself with anger. Sir Adolphus had upset the share-market for forty-eight mortal hours, half-ruined a round dozen of wealthy operators, convulsed the City, upheaved the House, and now—he apologised for it as one might apologise for being late ten minutes for dinner! Charles jumped into a hansom and rushed round to see him. How had he dared to introduce the impostor to solid men as Professor Schleiermacher? Sir Adolphus shrugged his shoulders. The fellow had come and introduced himself as the great Jena chemist; he had long white hair, and a stoop in the shoulders. What reason had he for doubting his word? (I reflected to myself that on much the same grounds Charles in turn had accepted the Honourable David Granton and Graf von Lebenstein.) Besides, what object could the creature have for this extraordinary deception? Charles knew only too well. It was clear it was done to disturb the diamond market, and we realised, too late, that the man who had done it was—Colonel Clay, in "another of his manifold allotropic embodiments!" Charles had had his wish, and had met his enemy once more in London!

We could see the whole plot. Colonel Clay was polymorphic, like the element carbon! Doubtless, with his extraordinary sleight of hand, he had substituted real diamonds for the shapeless mass that came out of the apparatus, in the interval between handing the pebbles round for inspection, and distributing them piecemeal to the men of science and representatives of the diamond interest. We all watched him closely, of course, when he opened the crucibles; but when once we had satisfied ourselves that something came out, our doubts were set at rest, and we forgot to watch whether he distributed those somethings or not to the recipients. Conjurers always depend upon such momentary distractions or lapses of attention. As usual, too, the Professor had disappeared into space the moment his trick was once well performed. He vanished like smoke, as the Count and Seer had vanished before, and was never again heard of.

Charles went home more angry than I have ever beheld him. I couldn't imagine why. He seemed as deeply hipped as if he had lost his thousands. I endeavoured to console him. "After all," I said, "though Golcondas have suffered a temporary loss, it's a comfort to think that you should have stood so firm, and not only stemmed the tide, but also prevented yourself from losing anything at all of your own through panic. I'm sorry, of course, for the widows and orphans; but if Colonel Clay has rigged the market, at least it isn't YOU who lose by it this time."

Charles withered me with a fierce scowl of undisguised contempt. "Wentworth," he said once more, "you are a fool!" Then he relapsed into silence.

"But you declined to sell out," I said.

He gazed at me fixedly. "Is it likely," he asked at last, "I would tell you if I meant to sell out? or that I'd sell out openly through Finglemore, my usual broker? Why, all the world would have known, and Golcondas would have been finished. As it is, I don't desire to tell an ass like you exactly how much I've lost. But I did sell out, and some unknown operator bought in at once, and closed for ready money, and has sold again this morning; and after all that has happened, it will be impossible to track him. He didn't wait for the account: he settled up instantly. And he sold in like manner. I know now what has been done, and how cleverly it has all been disguised and covered; but the most I'm going to tell you to-day is just this—it's by far the biggest haul Colonel Clay has made out of me. He could retire on it if he liked. My one hope is, it may satisfy him for life; but, then, no man has ever had enough of making money."

"You sold out!" I exclaimed. "You, the Chairman of the company! You deserted the ship! And how about your trust? How about the widows and orphans confided to you?"

Charles rose and faced me. "Seymour Wentworth," he said, in his most solemn voice, "you have lived with me for years and had every advantage. You have seen high finance. Yet you ask me that question! It's my belief you will never, never understand business!"