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Financier, The
CHAPTER 41
Theodore Dreiser
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       _ At two o'clock sharp Dennis Shannon, as district attorney, began
       his opening address. He stated in a very simple, kindly way--for
       he had a most engaging manner--that the indictment as here presented
       charged Mr. Frank A. Cowperwood, who was sitting at the table
       inside the jury-rail, first with larceny, second with embezzlement,
       third with larceny as bailee, and fourth with embezzlement of a
       certain sum of money--a specific sum, to wit, sixty thousand
       dollars--on a check given him (drawn to his order) October 9, 1871,
       which was intended to reimburse him for a certain number of
       certificates of city loan, which he as agent or bailee of the check
       was supposed to have purchased for the city sinking-fund on the
       order of the city treasurer (under some form of agreement which
       had been in existence between them, and which had been in force
       for some time)--said fund being intended to take up such certificates
       as they might mature in the hands of holders and be presented for
       payment--for which purpose, however, the check in question had
       never been used.
       "Now, gentlemen," said Mr. Shannon, very quietly, "before we go
       into this very simple question of whether Mr. Cowperwood did or
       did not on the date in question get from the city treasurer sixty
       thousand dollars, for which he made no honest return, let me
       explain to you just what the people mean when they charge him
       first with larceny, second with embezzlement, third with larceny
       as bailee, and fourth with embezzlement on a check. Now, as you
       see, there are four counts here, as we lawyers term them, and the
       reason there are four counts is as follows: A man may be guilty
       of larceny and embezzlement at the same time, or of larceny or
       embezzlement separately, and without being guilty of the other,
       and the district attorney representing the people might be uncertain,
       not that he was not guilty of both, but that it might not be possible
       to present the evidence under one count, so as to insure his adequate
       punishment for a crime which in a way involved both. In such cases,
       gentlemen, it is customary to indict a man under separate counts,
       as has been done in this case. Now, the four counts in this case,
       in a way, overlap and confirm each other, and it will be your duty,
       after we have explained their nature and character and presented
       the evidence, to say whether the defendant is guilty on one count
       or the other, or on two or three of the counts, or on all four, just
       as you see fit and proper--or, to put it in a better way, as the
       evidence warrants. Larceny, as you may or may not know, is the
       act of taking away the goods or chattels of another without his
       knowledge or consent, and embezzlement is the fraudulent appropriation
       to one's own use of what is intrusted to one's care and management,
       especially money. Larceny as bailee, on the other hand, is simply
       a more definite form of larceny wherein one fixes the act of
       carrying away the goods of another without his knowledge or consent
       on the person to whom the goods were delivered in trust that is,
       the agent or bailee. Embezzlement on a check, which constitutes
       the fourth charge, is simply a more definite form of fixing charge
       number two in an exact way and signifies appropriating the money
       on a check given for a certain definite purpose. All of these
       charges, as you can see, gentlemen, are in a way synonymous. They
       overlap and overlay each other. The people, through their
       representative, the district attorney, contend that Mr. Cowperwood,
       the defendant here, is guilty of all four charges. So now, gentlemen,
       we will proceed to the history of this crime, which proves to me
       as an individual that this defendant has one of the most subtle
       and dangerous minds of the criminal financier type, and we hope
       by witnesses to prove that to you, also."
       Shannon, because the rules of evidence and court procedure here
       admitted of no interruption of the prosecution in presenting a
       case, then went on to describe from his own point of view how
       Cowperwood had first met Stener; how he had wormed himself into
       his confidence; how little financial knowledge Stener had, and
       so forth; coming down finally to the day the check for sixty
       thousand dollars was given Cowperwood; how Stener, as treasurer,
       claimed that he knew nothing of its delivery, which constituted
       the base of the charge of larceny; how Cowperwood, having it,
       misappropriated the certificates supposed to have been purchased
       for the sinking-fund, if they were purchased at all--all of which
       Shannon said constituted the crimes with which the defendant was
       charged, and of which he was unquestionably guilty.
       "We have direct and positive evidence of all that we have thus
       far contended, gentlemen," Mr. Shannon concluded violently. "This
       is not a matter of hearsay or theory, but of fact. You will be
       shown by direct testimony which cannot be shaken just how it was
       done. If, after you have heard all this, you still think this man
       is innocent--that he did not commit the crimes with which he is
       charged--it is your business to acquit him. On the other hand,
       if you think the witnesses whom we shall put on the stand are
       telling the truth, then it is your business to convict him, to
       find a verdict for the people as against the defendant. I thank
       you for your attention."
       The jurors stirred comfortably and took positions of ease, in which
       they thought they were to rest for the time; but their idle comfort
       was of short duration for Shannon now called out the name of George
       W. Stener, who came hurrying forward very pale, very flaccid, very
       tired-looking. His eyes, as he took his seat in the witness-chair,
       laying his hand on the Bible and swearing to tell the truth, roved
       in a restless, nervous manner.
       His voice was a little weak as he started to give his testimony.
       He told first how he had met Cowperwood in the early months of
       1866--he could not remember the exact day; it was during his first
       term as city treasurer--he had been elected to the office in the
       fall of 1864. He had been troubled about the condition of city
       loan, which was below par, and which could not be sold by the city
       legally at anything but par. Cowperwood had been recommended to
       him by some one--Mr. Strobik, he believed, though he couldn't be
       sure. It was the custom of city treasurers to employ brokers, or
       a broker, in a crisis of this kind, and he was merely following
       what had been the custom. He went on to describe, under steady
       promptings and questions from the incisive mind of Shannon, just
       what the nature of this first conversation was--he remembered it
       fairly well; how Mr. Cowperwood had said he thought he could do
       what was wanted; how he had gone away and drawn up a plan or thought
       one out; and how he had returned and laid it before Stener. Under
       Shannon's skillful guidance Stener elucidated just what this scheme
       was--which wasn't exactly so flattering to the honesty of men in
       general as it was a testimonial to their subtlety and skill.
       After much discussion of Stener's and Cowperwood's relations the
       story finally got down to the preceding October, when by reason
       of companionship, long business understanding, mutually prosperous
       relationship, etc., the place bad been reached where, it was
       explained, Cowperwood was not only handling several millions of
       city loan annually, buying and selling for the city and trading
       in it generally, but in the bargain had secured one five hundred
       thousand dollars' worth of city money at an exceedingly low rate
       of interest, which was being invested for himself and Stener in
       profitable street-car ventures of one kind and another. Stener
       was not anxious to be altogether clear on this point; but Shannon,
       seeing that he was later to prosecute Stener himself for this very
       crime of embezzlement, and that Steger would soon follow in
       cross-examination, was not willing to let him be hazy. Shannon
       wanted to fix Cowperwood in the minds of the jury as a clever,
       tricky person, and by degrees he certainly managed to indicate a
       very subtle-minded man. Occasionally, as one sharp point after
       another of Cowperwood's skill was brought out and made moderately
       clear, one juror or another turned to look at Cowperwood. And he
       noting this and in order to impress them all as favorably as
       possible merely gazed Stenerward with a steady air of intelligence
       and comprehension.
       The examination now came down to the matter of the particular check
       for sixty thousand dollars which Albert Stires had handed Cowperwood
       on the afternoon--late--of October 9, 1871. Shannon showed Stener
       the check itself. Had he ever seen it? Yes. Where? In the office
       of District Attorney Pettie on October 20th, or thereabouts last.
       Was that the first time he had seen it? Yes. Had he ever heard
       about it before then? Yes. When? On October 10th last. Would he
       kindly tell the jury in his own way just how and under what
       circumstances he first heard of it then? Stener twisted uncomfortably
       in his chair. It was a hard thing to do. It was not a pleasant
       commentary on his own character and degree of moral stamina, to
       say the least. However, he cleared his throat again and began a
       description of that small but bitter section of his life's drama
       in which Cowperwood, finding himself in a tight place and about
       to fail, had come to him at his office and demanded that he loan
       him three hundred thousand dollars more in one lump sum.
       There was considerable bickering just at this point between Steger
       and Shannon, for the former was very anxious to make it appear
       that Stener was lying out of the whole cloth about this. Steger
       got in his objection at this point, and created a considerable
       diversion from the main theme, because Stener kept saying he
       "thought" or he "believed."
       "Object!" shouted Steger, repeatedly. "I move that that be
       stricken from the record as incompetent, irrelevant, and immaterial.
       The witness is not allowed to say what he thinks, and the
       prosecution knows it very well."
       "Your honor," insisted Shannon, "I am doing the best I can to have
       the witness tell a plain, straightforward story, and I think that
       it is obvious that he is doing so."
       "Object!" reiterated Steger, vociferously. "Your honor, I insist
       that the district attorney has no right to prejudice the minds of
       the jury by flattering estimates of the sincerity of the witness.
       What he thinks of the witness and his sincerity is of no importance
       in this case. I must ask that your honor caution him plainly in
       this matter."
       "Objection sustained," declared Judge Payderson, "the prosecution
       will please be more explicit"; and Shannon went on with his case.
       Stener's testimony, in one respect, was most important, for it made
       plain what Cowperwood did not want brought out--namely, that he
       and Stener had had a dispute before this; that Stener had distinctly
       told Cowperwood that he would not loan him any more money; that
       Cowperwood had told Stener, on the day before he secured this check,
       and again on that very day, that he was in a very desperate situation
       financially, and that if he were not assisted to the extent of
       three hundred thousand dollars he would fail, and that then both
       he and Stener would be ruined. On the morning of this day, according
       to Stener, he had sent Cowperwood a letter ordering him to cease
       purchasing city loan certificates for the sinking-fund. It was
       after their conversation on the same afternoon that Cowperwood
       surreptitiously secured the check for sixty thousand dollars from
       Albert Stires without his (Stener's) knowledge; and it was subsequent
       to this latter again that Stener, sending Albert to demand the
       return of the check, was refused, though the next day at five
       o'clock in the afternoon Cowperwood made an assignment. And the
       certificates for which the check had been purloined were not in
       the sinking-fund as they should have been. This was dark testimony
       for Cowperwood.
       If any one imagines that all this was done without many vehement
       objections and exceptions made and taken by Steger, and subsequently
       when he was cross-examining Stener, by Shannon, he errs greatly.
       At times the chamber was coruscating with these two gentlemen's
       bitter wrangles, and his honor was compelled to hammer his desk
       with his gavel, and to threaten both with contempt of court, in
       order to bring them to a sense of order. Indeed while Payderson
       was highly incensed, the jury was amused and interested.
       "You gentlemen will have to stop this, or I tell you now that you
       will both be heavily fined. This is a court of law, not a bar-room.
       Mr. Steger, I expect you to apologize to me and your colleague at
       once. Mr. Shannon, I must ask that you use less aggressive methods.
       Your manner is offensive to me. It is not becoming to a court of
       law. I will not caution either of you again."
       Both lawyers apologized as lawyers do on such occasions, but it
       really made but little difference. Their individual attitudes
       and moods continued about as before.
       "What did he say to you," asked Shannon of Stener, after one of
       these troublesome interruptions, "on that occasion, October 9th
       last, when he came to you and demanded the loan of an additional
       three hundred thousand dollars? Give his words as near as you can
       remember--exactly, if possible."
       "Object!" interposed Steger, vigorously. "His exact words are
       not recorded anywhere except in Mr. Stener's memory, and his memory
       of them cannot be admitted in this case. The witness has testified
       to the general facts."
       Judge Payderson smiled grimly. "Objection overruled," he returned.
       "Exception!" shouted Steger.
       "He said, as near as I can remember," replied Stener, drumming on
       the arms of the witness-chair in a nervous way, "that if I didn't
       give him three hundred thousand dollars he was going to fail, and
       I would be poor and go to the penitentiary."
       "Object!" shouted Stager, leaping to his feet. "Your honor, I
       object to the whole manner in which this examination is being
       conducted by the prosecution. The evidence which the district
       attorney is here trying to extract from the uncertain memory of
       the witness is in defiance of all law and precedent, and has no
       definite bearing on the facts of the case, and could not disprove
       or substantiate whether Mr. Cowperwood thought or did not think
       that he was going to fail. Mr. Stener might give one version of
       this conversation or any conversation that took place at this time,
       and Mr. Cowperwood another. As a matter of fact, their versions
       are different. I see no point in Mr. Shannon's line of inquiry,
       unless it is to prejudice the jury's minds towards accepting certain
       allegations which the prosecution is pleased to make and which it
       cannot possibly substantiate. I think you ought to caution the
       witness to testify only in regard to things that he recalls exactly,
       not to what he thinks he remembers; and for my part I think that
       all that has been testified to in the last five minutes might be
       well stricken out."
       "Objection overruled," replied Judge Payderson, rather indifferently;
       and Steger who had been talking merely to overcome the weight of
       Stener's testimony in the minds of the jury, sat down.
       Shannon once more approached Stener.
       "Now, as near as you can remember, Mr. Stener, I wish you would
       tell the jury what else it was that Mr. Cowperwood said on that
       occasion. He certainly didn't stop with the remark that you would
       be ruined and go to the penitentiary. Wasn't there other language
       that was employed on that occasion?"
       "He said, as far as I can remember," replied Stener, "that there
       were a lot of political schemers who were trying to frighten me,
       that if I didn't give him three hundred thousand dollars we would
       both be ruined, and that I might as well be tried for stealing a
       sheep as a lamb."
       "Ha!" yelled Shannon. "He said that, did he?"
       "Yes, sir; he did," said Stener.
       "How did he say it, exactly? What were his exact words?" Shannon
       demanded, emphatically, pointing a forceful forefinger at Stener
       in order to key him up to a clear memory of what had transpired.
       "Well, as near as I can remember, he said just that," replied
       Stener, vaguely. "You might as well be tried for stealing a sheep
       as a lamb."
       "Exactly!" exclaimed Shannon, whirling around past the jury to
       look at Cowperwood. "I thought so."
       "Pure pyrotechnics, your honor," said Steger, rising to his feet
       on the instant. "All intended to prejudice the minds of the jury.
       Acting. I wish you would caution the counsel for the prosecution
       to confine himself to the evidence in hand, and not act for the
       benefit of his case."
       The spectators smiled; and Judge Payderson, noting it, frowned
       severely. "Do you make that as an objection, Mr. Steger?" he asked.
       "I certainly do, your honor," insisted Steger, resourcefully.
       "Objection overruled. Neither counsel for the prosecution nor for
       the defense is limited to a peculiar routine of expression."
       Steger himself was ready to smile, but he did not dare to.
       Cowperwood fearing the force of such testimony and regretting it,
       still looked at Stener, pityingly. The feebleness of the man;
       the weakness of the man; the pass to which his cowardice had
       brought them both!
       When Shannon was through bringing out this unsatisfactory data,
       Steger took Stener in hand; but he could not make as much out of
       him as he hoped. In so far as this particular situation was
       concerned, Stener was telling the exact truth; and it is hard to
       weaken the effect of the exact truth by any subtlety of interpretation,
       though it can, sometimes, be done. With painstaking care Steger
       went over all the ground of Stener's long relationship with
       Cowperwood, and tried to make it appear that Cowperwood was
       invariably the disinterested agent--not the ringleader in a subtle,
       really criminal adventure. It was hard to do, but he made a fine
       impression. Still the jury listened with skeptical minds. It
       might not be fair to punish Cowperwood for seizing with avidity
       upon a splendid chance to get rich quick, they thought; but it
       certainly was not worth while to throw a veil of innocence over
       such palpable human cupidity. Finally, both lawyers were through
       with Stener for the time being, anyhow, and then Albert Stires was
       called to the stand.
       He was the same thin, pleasant, alert, rather agreeable soul that
       he had been in the heyday of his clerkly prosperity--a little paler
       now, but not otherwise changed. His small property had been saved
       for him by Cowperwood, who had advised Steger to inform the Municipal
       Reform Association that Stires' bondsmen were attempting to
       sequestrate it for their own benefit, when actually it should go
       to the city if there were any real claim against him--which there
       was not. That watchful organization had issued one of its numerous
       reports covering this point, and Albert had had the pleasure of
       seeing Strobik and the others withdraw in haste. Naturally he was
       grateful to Cowperwood, even though once he had been compelled to
       cry in vain in his presence. He was anxious now to do anything
       he could to help the banker, but his naturally truthful disposition
       prevented him from telling anything except the plain facts, which
       were partly beneficial and partly not.
       Stires testified that he recalled Cowperwood's saying that he had
       purchased the certificates, that he was entitled to the money,
       that Stener was unduly frightened, and that no harm would come to
       him, Albert. He identified certain memoranda in the city treasurer's
       books, which were produced, as being accurate, and others in
       Cowperwood's books, which were also produced, as being corroborative.
       His testimony as to Stener's astonishment on discovering that his
       chief clerk had given Cowperwood a check was against the latter; but
       Cowperwood hoped to overcome the effect of this by his own testimony
       later.
       Up to now both Steger and Cowperwood felt that they were doing
       fairly well, and that they need not be surprised if they won their
       case. _