It would do mankind no service to break in at this place with wideflung descriptions of Mr. Gwynn's dinner. It is among things strange that the world in the matter of proposing a candidate for public favor or celebrating a victory has made little or no advance from earliest ages.

It has been immemorial custom when one had a candidate on his hands and desired to obtain for him the countenance of men, to give a dinner for those who were reckoned leaders of sentiment and, first filling them with meat and wine, make them stirring speeches to bring them to the candidate's support. From the initial dinner sub-dinners would radiate, and others be born of these, until a whole population might be considered fed and filled with food and speeches, and the candidate dined, not to say dinned, into the popular heart, or, what is the same thing, the popular stomach--in either case the popular regard. In celebrations the procedure was equally archaic. Did some admiral win a sea fight or some general a land fight or some candidate a ballot fight, instantly one-half the population marched in the middle of the street while the other half banked the curbs in screaming, kerchief-waving lines of admiration. And thus has it ever been since that far-distant morning of Eternity, when Time with his scythe let down the bars and went upon his mowing of the meadows of men's existences. Mr. Gwynn, you may be sure, has nothing novel to propose; wherefore at this crisis he gives a dinner, as doubtless did Nero and Moses and Noah and Adam and others of the mighty dead on similar occasions in their day.

Mr. Gwynn's dinner began with Senator Gruff. This wise man, with the sanction of Senator Hanway, intimated to Richard the uses of such a festival. Mr. Gwynn was not in politics; his dinner table would be neutral ground. When therefore some fiery orator, carefully primed and c.o.c.ked, suddenly exploded into eloquent demands that Senator Hanway offer himself for the White House, subject of course, as the phrase is, to the action of his party's convention thereafter to a.s.semble, it would have a look of spontaneity that was of prime importance. No other could do this so well as Mr. Gwynn; no other table would so escape that charge of personal interest which the friends of Governor Obstinate might be expected to make. The very fact of Mr. Gwynn being an Englishman would defend it. Mr. Gwynn, at the word of Richard, was willing to serve the views of Senator Gruff, and the dinner was arranged.

There were full sixty present, including Speaker Frost and those high officials of the Anaconda. Mr. Gwynn had also dispatched an invitation to Mr. Bayard, and Richard inclosed therewith a personal note which had for its result the bringing of that astrologer of stocks, albeit dinners political were not precisely his habit.

"Who is your friend Gwynn?" asked Mr. Bayard, the afternoon before the dinner.

"I'll explain Mr. Gwynn later," replied Richard. "He is quite devoted to my interests, I a.s.sure you, and to nothing else."

"I can well believe so," returned Mr. Bayard, who had already half solved the enigma of Mr. Gwynn. "I begin to fear that you are a quixotic, not to say an eccentric, not to add a most egotistical young man. At that I'm not prepared to say you are wrong. One is justified in extreme concealments to avoid those animals the sn.o.bs."

Mr. Gwynn, the picture of all that was imperial, sat at the table's head, with Senator Hanway on his right. At the foot was Senator Gruff, who, if not the founder, might be called the architect of the feast, since, with the exception of Mr. Bayard, he had p.r.i.c.ked off the list of guests. Mr. Harley, sad and worn with thoughts of Storri, sat next to Senator Gruff, while Mr. Bayard and Richard occupied inconspicuous places midway of the board.

When in the procession of courses the dinner attained to birds, a famous editor of the Middle West, who had been consuming wine with diligence to the end that he be fluent, addressed the table's head. He recited the public interests; then, paying a tribute to their party as the guardian of those interests, he wound up in words of fire with the declaration that Senator Hanway must be the next standard-bearer of that party. The cheering was tremendous, considering the small numbers to furnish it.

When the joyful sounds subsided, Senator Hanway, in a few placid, gentle sentences, explained his flattered amazement, and how helplessly he was in the hands of his friends, who would do with him as they deemed best for party welfare and for public good. He had not sought this honor, he did not look for the nomination; his own small estimate of his powers and importance, an estimate which gentlemen who heard him must be aware of, was proof of it. But no man might set his inclinations against a popular demand. Private preferences must yield, private plans must be abandoned. The country was ent.i.tled to the services of every citizen, the party was at liberty to command the name of every member. Believing these things, and owing what he did to both public and party, Senator Hanway must acquiesce. He thanked his friends for thus distinguishing him; he gave himself pa.s.sively to their will. There was a second tempest of approbation when Senator Hanway was through.

Senator Gruff proposed the health of the President of the Anaconda. That potentate of railways made a short, jerky oration. He gave his hearty concurrence to the proposal of Senator Hanway to be President. He did this as a patriot and not as the head of a great railway. The Anaconda would take no part in politics; it never did. The Anaconda was a business, not a political, concern; it would do nothing unbecoming a corporation of discretion and repute. However, he, the President, was more or less acquainted with sentiment in those regions threaded by the Anaconda. He made no doubt, nay, he could squarely promise, that the delegations from those States, as he knew and read their people's feeling, would go to the next convention instructed for Senator Hanway.

More applause, and a buzz of congratulatory whispers. The powerful Anaconda, that political dictator of a region so vast that it was washed by two oceans, was to champion Senator Hanway.

Senator Coot, whose home-State was shaky beneath his Senate feet, and who was therefore anxiously afraid lest he himself be committed to a position on the perilous subject of finance that might provoke his destruction, now addressed the table. He yielded to no one in his admiration for Senator Hanway. In view of what had been proposed, however, he, Senator Coot, would like to ask Senator Hanway to define his position in that controversy of Silver versus Gold.

No one was looking for this, no such baleful curiosity had been antic.i.p.ated. It was Senator Gruff that came to the rescue, and Richard, to whom the scene was new and full of interest, could not admire too deeply the dexterity wherewith he held the shield of his humor between Senator Hanway and the shaft of that interrogatory.

Senator Gruff thought the question premature. The convention was months away; sentiment had been known to shift in a day like the bed of a river and seek new channels with its currents. Senator Gruff distrusted the wisdom of binding anybody at that time to a hard and fast declaration whether for silver or gold or both. He was sure that on soberer thought his friend Senator Coot would see the impropriety of his question.

Senator Coot declined to see the impropriety to which Senator Gruff had adverted. To commit himself to any gentleman's canva.s.s was to commit himself to that gentleman's opinions. Those opinions might not be consistent with ones held by his, Senator Coot's, const.i.tuents, to whom he must in all things adhere. He, Senator Coot, was no one to buy pigs in pokes--if Senator Hanway would forgive a homely expression which was not intended as personal to himself. Senator Coot must insist upon his question.

Senator Gruff still came forward in defense. He said he had heard that Senator Coot's native State of Indiana was originally settled by people who had started for the West but lost their nerve. In view of the timidity and weak irresolution of his Senate brother, he, Senator Gruff, was inclined to credit the tradition. He must protest against question-asking at this time. Senator Gruff must even warn his friend Senator Coot that to ask a question now might result in later disaster to himself.

On that point of question-putting, might he, Senator Gruff, impart a word of counsel? A question was often a trap to catch the questioner.

One should step warily with a question. A man who puts a question should never fail to know the answer in advance. When he pulls the trigger of a question, as when he pulls the trigger of a gun, he must look out for the kick. Many a perfect situation had been destroyed by the wrong question asked in the dark. Senator Gruff begged permission to tell a story.

"Once a good and optimistic dominie," said Senator Gruff, "was being shown through Sing Sing Prison. In his company went a pessimist who took darkling views of humanity in the lump, and particularly what fractions of the lump had gotten themselves locked up. The pessimist could see no good in them.

"'But you are wrong,' argued the dominie. 'There's good in the worst among them all. Stay; I'll prove it.' Then, turning to the guard: 'Sir, please bring us to the very worst character who is prisoner here.' On their way to the abandoned one, the dominie observed to the pessimist: 'I'll guarantee, by a few adroit questions, to so develop the good side of this fallen creature that you will be driven to confess its existence.'

"They traveled the corridors, and finally the guard threw open a cell wherein was a man whose face was so utterly brutal that its softest expression was a breach of the peace. The man, who was in for life, had committed an atrocious murder.

"The only thing in the cell besides the man was a rat, which--wheel within wheel--was confined in a little cage. This rat was the prisoner's darling; the guard said that he would draw blood from his arm to feed it. The good dominie--who knew his business--instantly seized upon the rat for his cue.

"'And you love the rat?' he said to the prisoner.

"'I love it better than my life!' cried the prisoner. 'There isn't anything I wouldn't sacrifice for that rat.'

"'There,' said the good dominie, wheeling on the pessimist, who was visibly subdued by the poor prisoner's love for his humble pet, 'there, you see! Here is a captive wretch whose estate is hopeless. He wears the brand of a felon and is doomed to stone-caged solitude throughout his life. And yet, without friends or light or liberty, with everything to sour and harden and promote the worst that's in him, he finds it in his heart to love! From those white seed which were planted by Providence in the beginning that beautiful love springs up to blossom in a dreary prison, and, for want of a n.o.bler object, waste its tender fragrance on a rat. It touches me to the heart!' and the good dominie watered the floor of the cell with his tears.

"The pessimist had no more to say; he murmured his contrition and declared that he had received a lesson. He would never again distrust or contradict the existence of that spark of divine goodness which, at the bottom of every nature like a diamond at the bottom of a pit, would live quenchless through the ages to save the soul at last.

"The good dominie and the reformed pessimist were retiring, when the dominie paused, like Senator Coot, to ask one question--the only one he couldn't have answered in advance.

"'Why, my poor man, do you love that rat?'

"The prisoner's face became more brutal with the light of a diabolical joy.

"'Why do I love him?' he cried. Then, with a chuckle of fiendish exultation: 'Because he bit the warden.'"

The adroit Senator Gruff might have found it hard to show the application of his story. That, however, was not going to worry the sagacious Senator Gruff. He reckoned only upon raising a laugh at the anxious Senator Coot's expense which would silence that question-asking personage, who was more afraid of present ridicule, being sensitive, than of future condemnation by his const.i.tuents. The yarn succeeded in winning peals of laughter, and without giving Senator Coot a chance to reply or repeat his poking about to discover the position of Senator Hanway upon the issue of finance, Senator Gruff proposed the health of Mr. Bayard.

"And perhaps," remarked Senator Gruff, "that eminent authority on markets, and therefore upon finance, will favor us with his views on money. I do not hesitate," concluded Senator Gruff, turning to Mr.

Bayard, "to cast you into the breach, because, of all who are here, you are the one best qualified and, I might add, least afraid to be heard.

You have no const.i.tuents to be either shocked at your opinions or to punish their expression."

Senator Coot's curiosity touching Senator Hanway's money position, a fatal curiosity that had it not been smothered might have spread, was overwhelmed in a general desire to hear Mr. Bayard. The great speculator was known to every statesman about the table, and the whisper of conversation became hushed.

"As said the gentleman who has so honored me,"--here Mr. Bayard bowed to Senator Gruff, who complimented him by lifting his gla.s.s,--"there are no reasons why I should not give you my beliefs of money. I will tell you what I would and would not do for a currency, if I were business manager of a country. I would not coin silver money, because the low intrinsic value of such currency would make it a c.u.mbrous one. I would not coin both silver and gold, because of the impossibility of maintaining an equality of values between the two coins. I would coin gold and nothing but gold, because it offers those qualities, important above others in a money metal, of high value and high durability."

"But is there gold enough to furnish all the money required?" asked Senator Coot, who was nervously interested.

"For centuries," replied Mr. Bayard, who began to feel a warmer interest than he had in any situation or any topic for over thirty years, "for centuries production has been filling the annual lap of the world with millions upon millions of gold. No part of it has been lost, none destroyed. For every possible appropriation there exists a plenty, even a plethora, of gold. And let me say this: there is a deal of claptrap talked and written and printed and practiced concerning this business of a currency, a subject which when given a right survey presents no difficulty. Mankind has been taught that in the essence of things fiscal your question of currency is as intricate and involved as was the labyrinth of Minos. And then, to add ill-doing to ill-teaching, our own crazy-patch system of finance has been in every one of its patches cut and basted and st.i.tched with an interest of politics or of private gain to guide the shears and needle of what money-tailor was at work. A country, if it would, could have a circulating medium, and all coined yellow gold, of two hundred dollars, or five hundred dollars, or one thousand dollars per capita for population, and, beyond the expense of the mint, without costing that country a shilling. One, being business manager of the nation, as fast as the mints would work could pour forth an unbroken stream of gold money, half-eagles, eagles, and double eagles, to what breadth and depth for a whole circulation one would, and never spend a shilling beyond the working of the mints.

"Observe, now; as a nation we have a business manager. He holds in his fingers five twenty-dollar gold pieces. He buys one hundred dollars'

worth of gold bullion with them. The public, if it would, might buy gold as freely as does any private individual. Our business manager gets the bullion, while the other, a gold miner perhaps, takes the gold coin.

Then our business manager stamps the bullion he has bought--one hundred dollars' worth--into five new twenty-dollar gold pieces.

"With these in his palm he is ready for another bargain with the gold miner. Again the miner gets the gold pieces, and again our business manager gets one hundred dollars' worth of yellow bullion. This he coins; and being thereby re-equipped with five more new twenty-dollar pieces he returns to the experiment.

"This barter and this coinage might go on while a grain of the world's gold remained uncoined. At the finish, our business manager would have only one hundred yellow dollars in his fist; but there would be billions coined and stamped and in circulation. And the country would be neither in nor out a dollar. I am talking of coinage, not taxation, remember.

"Once in circulation the law would protect the money from being clipped or mutilated or melted down. Once money, always money, and he who alters its money status we lock up as a felon. There is no legal reason and no moral reason and no market reason to militate against what I have outlined as a policy. Finance as a science is simpler than the science of soap-boiling, although the money-changers in the temple for their own selfish advantage prefer you to think otherwise."

"Your wholesale consumption of gold," interrupted Senator Coot, "would raise the price of gold beyond measure."

"Wherein would lie the harm? So that it did not disturb the comparative prices of soap and pork and sugar and flour and lumber and on through the list of a world's commodities--and it would not--no one would experience either jolt or squeeze. With wheat at a dollar a bushel, a reduction to ten cents a bushel would work no injury if at the same time every other commodity in its price fell ninety per cent. To merely multiply the 'price' of gold, a metal which when it isn't money is jewelry, would cut no more important figure in the economy of life than would the making of one thousand marks upon a thermometer where now we make one hundred. Suppose, instead of one hundred degrees, we scratched off one thousand degrees on a thermometer in the same s.p.a.ce: would it make the weather any hotter? I grant you a cautious business manager would not walk in among the gold-sellers and purchase ten billion dollars' worth of gold in a day; and for the same reason that a cautious cowboy wouldn't ride in among a bunch of cattle and flap a blanket. Not because there lurks inherent peril in so doing, but for that in the timid ignorance of the herd it would produce a stampede."

"But don't you see," objected Senator Coot, who was learned in the cant of currency and believed it, "don't you see that what you propose, by putting up the price of gold and putting down the price of everything else, would multiply riches in the hands of the creditor cla.s.s? Wouldn't it work injustice to the debtors of the land?"

"Without pausing to guess," said Mr. Bayard, "for that is all one might do, whether the extravagant coinage of gold would promote its 'price,' I will submit that such contention should be disregarded. It is too general, and too incessant. If such were permitted the rank of argument, it would trip up every tariff, every appropriation, every governmental thing.

"Also, one must not put a too narrow limit upon the term 'creditor cla.s.s.' Every man with a dollar in his pocket, or who owns a farm or a horse or a bolt of cloth or one hundred bushels of wheat, belongs to the extent of that dollar or farm or horse or bolt of cloth or one hundred bushels of wheat to the creditor cla.s.s. The world is his debtor, and he has it in p.a.w.n and pledge to him for the value of that dollar or farm or horse or cloth or wheat. Now, a tariff law can be and frequently is framed so as to lift or lower the 'prices' of all or any of these. If your argument be good it should be just as potent to prevent a tariff law that augments riches in one hand or detracts from riches in another, as to prevent a coinage law that does the same.

"Properly speaking, there can be no separation of mankind into creditor and debtor cla.s.ses, since, as we have seen, every man with a dollar's worth of property is in the creditor cla.s.s to the extent of that dollar, while the world is in the debtor cla.s.s and owes him therefor. There can be but two cla.s.ses: those who own something, and those who don't. There lies the sole natural division; and not a law is framed, whether it be for a tariff or an appropriation or an army or a navy or a coinage or a bond issue or what you will, that does not, in lesser or greater degree, add to or take from the riches of some man or men. No government can go its clumsy necessary way without stepping on somebody's toes, and if one cannot have a currency because to have it will help this individual or hurt that one, by the same token one cannot have a government at all.

"However," concluded Mr. Bayard, "I think your talked-of advance in a gold 'price' born of coined billions might prove in the test to be imaginary rather than real. There has been ever a gold-ghost to frighten folk. There was once a time when men talked of resuming specie payment, and the public hung away from it, fearful and trembling, like an elephant about to cross a bridge. Horace Greeley cried, 'The way to resume is to resume!' and every dollar-dullard called him crazy. And yet, as the simple sequel demonstrated, the elephant need not have shivered, the bridge was wholly safe, and Horace Greeley was right."

Senator Gruff, whom Mr. Gwynn had privately requested to a.s.sume control so far as speeches and toasts and sentiments to be expressed were involved, now held forth in terms of flowery compliment concerning Mr.

Bayard. He thanked that able gentleman for his theory of finance.