IT was early evening when these cries of "extra" had 
sounded in Cowperwood's ears. They were, in a way, 
like a death-knell, for never in all the upbuilding of his 
affairs had his lines of interests been so extended. His 
investment in local street-railway stocks for himself and 
Stener represented fully half of all his interests. And 
the deposit of city loan, which he manipulated for the 
city treasurer, represented a fourth more. If this were a 
temporary depression which would affect only a few houses, 
he might be able to borrow heavily from others; but it 
was not a temporary depression in that sense. All houses 
would be affected—all business. New York, Chicago, 
Boston, Philadelphia—it was all the same now. No 
banking house, insurance company, trust company, or 
other commercial organization would be loaning much of 
anything on anything for some time to come. They 
would be calling their loans. And those investors who 
had deposited money with him for speculative purposes 
would now, on the morrow, cancel their orders and with- 
draw their deposits, or sell short. Where would he raise 
the money to meet these cancellations, withdrawals, calls, 
and shrinkages in values? He had, perhaps, between 
four and five hundred thousand dollars in quick assets; 
but to-morrow's complications might necessitate a mil- 
lion or more—in all likelihood would. To-morrow would 
see a great shrinkage. At the sound of the gong on the 
floor of the stock exchange, announcing the opening of 
the day's business, there would be a general crash, a 
rush to sell. These stocks of his companies which he 
valued at eighty and ninety cents on the dollar, and