"
"What we want," Letton took up the strain, pausing significantly
to sip his mineral water, "what we want is to take large blocks
of Ward Valley off the hands of the public. We could do this
easily enough by depressing the market and frightening the
holders. And we could do it more cheaply in such fashion. But
we are absolute masters of the situation, and we are fair enough
to buy Ward Valley on a rising market. Not that we are
philanthropists, but that we need the investors in our big
development scheme. Nor do we lose directly by the transaction.
The instant the action of the directors becomes known, Ward
Valley will rush heavenward. In addition, and outside the
legitimate field of the transaction, we will pinch the shorts for
a very large sum. But that is only incidental, you understand,
and in a way, unavoidable. On the other hand, we shall not turn
up our noses at that phase of it. The shorts shall be the
veriest gamblers, of course, and they will get no more than they
deserve."
"And one other thing, Mr. Harnish," Guggenhammer said, "if you
exceed your available cash, or the amount you care to invest in
the venture, don't fail immediately to call on us.
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