The Essential Edgar Wallace Collection. Edgar Wallace
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of the working of this concealed quantity can be given than the story of the great jute sale and Miss Bertha Stegg.
The truth about the Government speculation in jute is simply told. It is the story of an official who, in the middle of the War, was seized with the bright idea of procuring enormous quantities of jute for the manufacture of sand-bags. The fact that by this transaction he might have driven the jute lords of Dundee into frenzy did not enter into his calculations. Nor did it occur to him that the advantageous position in which he hoped to place his Department depended for its attainment upon a total lack of foresight on the part of the Dundee merchants.
As a matter of fact, Dundee had bought well and wisely. It had sufficient stocks to meet all the demands which the Government made upon it; and when, after the War, the Department offered its purchase at a price which would show a handsome profit to the Government, Dundee laughed long and loudly.
And so there was left on the official hands, at the close of the War, a quantity of jute which nobody wanted, at a price which nobody would pay. And then somebody asked a question in the House of Commons, and the responsible Secretary went hot all over, and framed the reply which an Under-secretary subsequently made in such terms as would lead the country to believe that the jute purchased at a figure beyond the market value was a valuable asset, and would one day be sold at a profit.
Mr. Augustus Tibbetts knew nothing about jute. But he did read, almost every morning in the daily newspapers, how one person or another had made enormous purchases of linen, or of cloth, or of motor chassis, paying fabulous sums on the nail and walking off almost immediately with colossal profits; and every time Bones read such an account he wriggled in his chair and made unhappy noises.
Then one afternoon there came to his office a suave gentleman in frock-coat, carrying with him a card which was inscribed "Ministry of Supplies." And the end of that conversation was that Bones, all a twitter of excitement, drove to a gloomy office in Whitehall, where he interviewed a most sacred public official, to whom members of the public were not admitted, perhaps, more than four times a year.
Hamilton had watched the proceedings with interest and suspicion. When Bones was mysterious he was very mysterious; and he returned that night in such a condition of mystery that none but a thought-reading detective could have unravelled him.
"You seem infernally pleased with yourself, Bones," said Hamilton. "What lamentable error have you fallen into?"
"Dear old Ham," said Bones, with the helpless little laugh which characterised the very condition of mind which Hamilton had described, "dear old pryer, wait till to-morrow. Dear old thing, I wouldn't spoil it. Read your jolly old newspaper, dear old inquirer."
"Have you been to the police court?" asked Hamilton.
"Police court? Police court?" said Bones testily. "Good Heavens, lad! Why this jolly old vulgarity? No, dear boy, live and learn, dear old thing!"
Hamilton undoubtedly lived until the next morning, and learnt. He saw the headlines the second he opened his newspaper.
GREAT DEAL IN JUTE. PROMINENT CITY MAN BUYS GOVERNMENT SUPPLY OF JUTE FOR A MILLION.
Hamilton was on his way to the office, and fell back in the corner of the railway carriage with a suppressed moan. He almost ran to the office, to find Bones stalking up and down the room, dictating an interview to a reporter.
"One minute, one minute, dear old Ham," said. Bones warningly. And then, turning to the industrious journalist, he went on where Hamilton had evidently interrupted him. "You can say that I've spent a great deal of my life in fearfully dangerous conditions," he said. "You needn't say where, dear old reporter, just say 'fearfully dangerous conditions.'"
"What about jute?" asked the young man.
"Jute," said Bones with relish, "or, as we call it, _Corcharis capsilaris_, is the famous jute tree. I have always been interested in jute and all that sort of thing---- But you know what to say better than I can tell you. You can also say that I'm young--no, don't say that. Put it like this: 'Mr. Tibbetts, though apparently young-looking, bears on his hardened old face the marks of years spent in the service of his country. There is a sort of sadness about his funny old eyes----' You know what to say, old thing."
"I know," said the journalist, rising. "You'll see this in the next edition, Mr. Tibbetts."
When the young man had gone, Hamilton staggered across to him.
"Bones," he said, in a hollow voice, "you've never bought this stuff for a million?"
"A million's a bit of an exaggeration, dear old sportsman," said Bones. "As a matter of fact, it's about half that sum, and it needn't be paid for a month. Here is the contract." He smacked his lips and smacked the contract, which was on the table, at the same time. "Don't get alarmed, don't get peevish, don't get panicky, don't be a wicked old flutterer, Ham, my boy!" he said. "I've reckoned it all out, and I shall make a cool fifty thousand by this time next week."
"What will you pay for it?" asked Hamilton, in a shaky voice. "I mean, how much a ton?"
Bones mentioned a figure, and Hamilton jotted down a note.
He had a friend, as it happened, in the jute trade--the owner of a big mill in Dundee--and to him he dispatched an urgent telegram. After that he examined the contract at leisure. On the fourth page of that interesting document was a paragraph, the seventh, to this effect:
"Either parties to this contract may, for any reason whatsoever, by giving notice either to the Ministry of Supplies, Department 9, or to the purchaser at his registered office, within twenty-four hours of the signing of this contract, cancel the same."
He read this over to Bones.
"That's rum," he said. "What is the idea?"
"My jolly old captain," said Bones in his lordly way, "how should I know? I suppose it's in case the old Government get a better offer. Anyway, dear old timidity, it's a contract that I'm not going to terminate, believe me!"
The next afternoon Bones and Hamilton returned from a frugal lunch at a near-by tavern, and reached the imposing entrance of the building in which New Schemes Limited was housed simultaneously--or perhaps it would be more truthful to say a little later--than a magnificent limousine. It was so far ahead of them that the chauffeur had time to descend from his seat, open the highly-polished door, and assist to the honoured sidewalk a beautiful lady in a large beaver coat, who carried under her arm a small portfolio.
There was a certain swing to her shoulder as she walked, a certain undulatory movement of hip, which spoke of a large satisfaction with the world as she found it.
Bones, something of a connoisseur and painfully worldly, pursed his lips and broke off the conversation in which he was engaged, and which had to do with the prospective profits on his jute deal, and remarked tersely:
"Ham, dear old thing, that is a chinchilla coat worth twelve hundred pounds."
Hamilton, to whom the mysteries of feminine attire were honest mysteries, accepted the sensational report without demur.
"The way you pick up these particular bits of information, Bones, is really marvellous to me. It isn't as though you go out a lot into society. It isn't as though women are fond of you or make a fuss of you."
Bones coughed.
"Dicky Orum. Remember, dear old Richard," he murmured. "My private life, dear old fellow, if you will forgive me snubbing you, is a matter on which nobody is an authority except A. Tibbetts, Esq. There's a lot you don't know, dear old Ham. I was thinking of writing a book about it, but it would take too long."
By this time they reached the elevator, which descended in time to receive the beautiful lady in the brown coat. Bones removed his hat, smoothed his glossy hair, and with a muttered "After you, dear old friend. Age before honesty," bundled Hamilton