THE FINANCIER 
of this necessity, and share with Butler the pleasure of 
plucking the Cowperwood goose. It was essentially a 
delicate political situation. 
Butler was not long in arriving, and apologized for the 
delay. 
"It's a lively life I'm leadin', what with every bank in 
the city wantin' to know how their loans are goin' to be 
taken care of," he said, taking up a cigar and striking a 
match. 
" It does look a little threatening," said Senator Simp- 
son, smiling. " Sit down. I have just been talking with 
Avery Stone, of Jay Cooke and Company, and he tells 
me that the talk in Third Street about Mr. Stener's con- 
nection with this Cowperwood failure is growing very 
strong, and that the newspapers are bound to take up 
the matter shortly, unless something is done about it. 
He says that the financial reporters of the Press and the 
Ledger have been around to him asking him for informa- 
tion; and I am sure that the news is certain to reach Mr. 
Wheat, of the Citizens' Reform Association, very shortly. 
We ought to decide now, gentlemen, what we propose to 
do. One thing, I am sure, is to eliminate Mr. Stener from 
the ticket as quietly as possible. This really looks to me 
as if it might become a very serious issue, and we ought 
to be doing what we can now to offset its effect later." 
" There is one thing sure," continued Senator Simpson, 
after a time, seeing that no one else spoke, "and that is, 
if we do not begin a prosecution on our own account 
within a reasonable time, some one else is apt to; and that 
would put rather a bad face on the matter. My own 
opinion would be that we wait until it is very plain that 
prosecution is going to be undertaken by some one else— 
possibly the Municipal Reform Association—but that we 
be ready to step in and act in such a way as to make it 
look as though we had been planning to do it all the time. 
The thing to do is to gain time; and so I would suggest 
that it be made as difficult as possible to get at the treas- 
447