ever before been entirely dependent upon one house, or 
rather upon one man, and that he did not like it. " I am 
not sure that the lands through which the road runs are so 
unparalleled in climate, soil, timber, minerals, etc., as Mr. 
Cooke and his friends would have us believe. Neither 
do I think that the road can at present, or for many years 
to come, earn the interest which its great issues of stock 
call for. There is great danger and risk there." 
So when the notice was posted, he looked at it, wonder- 
ing what the effect would be if by any chance Jay Cooke 
& Co. should fail. 
He was not long in wonder. A second despatch posted 
on 'change read: " New York, September 18th. Jay 
Cooke & Co. have suspended." 
Cowperwood could not believe it. He was beside him- 
self with the thought of a great opportunity. In company 
with every other broker, he hurried into Third Street and 
up to Number 114, where the famous old banking house 
was located, in order to be sure. Despite his natural 
dignity and reserve, he did not hesitate actually to run. 
If this were true, a great hour had struck. There would 
be wide-spread panic and disaster. There would be a 
terrific slump in prices of all stocks. He must be in the 
thick of it. Wingate must be on hand, and his two 
brothers. He must tell them how to sell and when and 
what to buy. Now was his great hour.