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Financier, The
CHAPTER 48
Theodore Dreiser
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       _ By the time the State Supreme Court came to pass upon Cowperwood's
       plea for a reversal of the lower court and the granting of a new
       trial, the rumor of his connection with Aileen had spread far and
       wide. As has been seen, it had done and was still doing him much
       damage. It confirmed the impression, which the politicians had
       originally tried to create, that Cowperwood was the true criminal
       and Stener the victim. His semi-legitimate financial subtlety,
       backed indeed by his financial genius, but certainly on this account
       not worse than that being practiced in peace and quiet and with
       much applause in many other quarters--was now seen to be
       Machiavellian trickery of the most dangerous type. He had a wife
       and two children; and without knowing what his real thoughts had
       been the fruitfully imaginative public jumped to the conclusion
       that he had been on the verge of deserting them, divorcing Lillian,
       and marrying Aileen. This was criminal enough in itself, from
       the conservative point of view; but when taken in connection with
       his financial record, his trial, conviction, and general bankruptcy
       situation, the public was inclined to believe that he was all the
       politicians said he was. He ought to be convicted. The Supreme
       Court ought not to grant his prayer for a new trial. It is thus
       that our inmost thoughts and intentions burst at times via no known
       material agency into public thoughts. People know, when they
       cannot apparently possibly know why they know. There is such a
       thing as thought-transference and transcendentalism of ideas.
       It reached, for one thing, the ears of the five judges of the State
       Supreme Court and of the Governor of the State.
       During the four weeks Cowperwood had been free on a certificate
       of reasonable doubt both Harper Steger and Dennis Shannon appeared
       before the judges of the State Supreme Court, and argued pro and
       con as to the reasonableness of granting a new trial. Through his
       lawyer, Cowperwood made a learned appeal to the Supreme Court
       judges, showing how he had been unfairly indicted in the first
       place, how there was no real substantial evidence on which to
       base a charge of larceny or anything else. It took Steger two
       hours and ten minutes to make his argument, and District-Attorney
       Shannon longer to make his reply, during which the five judges on
       the bench, men of considerable legal experience but no great
       financial understanding, listened with rapt attention. Three of
       them, Judges Smithson, Rainey, and Beckwith, men most amenable to
       the political feeling of the time and the wishes of the bosses,
       were little interested in this story of Cowperwood's transaction,
       particularly since his relations with Butler's daughter and Butler's
       consequent opposition to him had come to them. They fancied that
       in a way they were considering the whole matter fairly and
       impartially; but the manner in which Cowperwood had treated Butler
       was never out of their minds. Two of them, Judges Marvin and
       Rafalsky, who were men of larger sympathies and understanding, but
       of no greater political freedom, did feel that Cowperwood had been
       badly used thus far, but they did not see what they could do about
       it. He had put himself in a most unsatisfactory position, politically
       and socially. They understood and took into consideration his
       great financial and social losses which Steger described accurately;
       and one of them, Judge Rafalsky, because of a similar event in his
       own life in so far as a girl was concerned, was inclined to argue
       strongly against the conviction of Cowperwood; but, owing to his
       political connections and obligations, he realized that it would
       not be wise politically to stand out against what was wanted.
       Still, when he and Marvin learned that Judges Smithson, Rainey, and
       Beckwith were inclined to convict Cowperwood without much argument,
       they decided to hand down a dissenting opinion. The point involved
       was a very knotty one. Cowperwood might carry it to the Supreme
       Court of the United States on some fundamental principle of liberty
       of action. Anyhow, other judges in other courts in Pennsylvania
       and elsewhere would be inclined to examine the decision in this
       case, it was so important. The minority decided that it would not
       do them any harm to hand down a dissenting opinion. The politicians
       would not mind as long as Cowperwood was convicted--would like it
       better, in fact. It looked fairer. Besides, Marvin and Rafalsky
       did not care to be included, if they could help it, with Smithson,
       Rainey, and Beckwith in a sweeping condemnation of Cowperwood.
       So all five judges fancied they were considering the whole matter
       rather fairly and impartially, as men will under such circumstances.
       Smithson, speaking for himself and Judges Rainey and Beckwith on
       the eleventh of February, 1872, said:
       "The defendant, Frank A. Cowperwood, asks that the finding of
       the jury in the lower court (the State of Pennsylvania vs. Frank
       A. Cowperwood) be reversed and a new trial granted. This court
       cannot see that any substantial injustice has been done the
       defendant. [Here followed a rather lengthy resume of the history
       of the case, in which it was pointed out that the custom and
       precedent of the treasurer's office, to say nothing of
       Cowperwood's easy method of doing business with the city
       treasury, could have nothing to do with his responsibility for
       failure to observe both the spirit and the letter of the law.]
       The obtaining of goods under color of legal process [went on
       Judge Smithson, speaking for the majority] may amount to
       larceny. In the present case it was the province of the jury
       to ascertain the felonious intent. They have settled that
       against the defendant as a question of fact, and the court
       cannot say that there was not sufficient evidence to sustain
       the verdict. For what purpose did the defendant get the check?
       He was upon the eve of failure. He had already hypothecated
       for his own debts the loan of the city placed in his hands for
       sale--he had unlawfully obtained five hundred thousand dollars
       in cash as loans; and it is reasonable to suppose that he
       could obtain nothing more from the city treasury by any
       ordinary means. Then it is that he goes there, and, by means
       of a falsehood implied if not actual, obtains sixty thousand
       dollars more. The jury has found the intent with which this
       was done."
       It was in these words that Cowperwood's appeal for a new trial was
       denied by the majority.
       For himself and Judge Rafalsky, Judge Marvin, dissenting, wrote:
       "It is plain from the evidence in the case that Mr. Cowperwood
       did not receive the check without authority as agent to do so,
       and it has not been clearly demonstrated that within his
       capacity as agent he did not perform or intend to perform the
       full measure of the obligation which the receipt of this check
       implied. It was shown in the trial that as a matter of policy
       it was understood that purchases for the sinking-fund should
       not be known or understood in the market or by the public in
       that light, and that Mr. Cowperwood as agent was to have an
       absolutely free hand in the disposal of his assets and
       liabilities so long as the ultimate result was satisfactory.
       There was no particular time when the loan was to be bought,
       nor was there any particular amount mentioned at any time to
       be purchased. Unless the defendant intended at the time he
       received the check fraudulently to appropriate it he could not
       be convicted even on the first count. The verdict of the jury
       does not establish this fact; the evidence does not show
       conclusively that it could be established; and the same jury,
       upon three other counts, found the defendant guilty without
       the semblance of shadow of evidence. How can we say that
       their conclusions upon the first count are unerring when they
       so palpably erred on the other counts? It is the opinion of
       the minority that the verdict of the jury in charging larceny
       on the first count is not valid, and that that verdict should
       be set aside and a new trial granted."
       Judge Rafalsky, a meditative and yet practical man of Jewish
       extraction but peculiarly American appearance, felt called upon
       to write a third opinion which should especially reflect his own
       cogitation and be a criticism on the majority as well as a slight
       variation from and addition to the points on which he agreed with
       Judge Marvin. It was a knotty question, this, of Cowperwood's
       guilt, and, aside from the political necessity of convicting him,
       nowhere was it more clearly shown than in these varying opinions
       of the superior court. Judge Rafalsky held, for instance, that
       if a crime had been committed at all, it was not that known as
       larceny, and he went on to add:
       "It is impossible, from the evidence, to come to the
       conclusion either that Cowperwood did not intend shortly to
       deliver the loan or that Albert Stires, the chief clerk, or
       the city treasurer did not intend to part not only with the
       possession, but also and absolutely with the property in the
       check and the money represented by it. It was testified by
       Mr. Stires that Mr. Cowperwood said he had bought certificates
       of city loan to this amount, and it has not been clearly
       demonstrated that he had not. His non-placement of the same
       in the sinking-fund must in all fairness, the letter of the
       law to the contrary notwithstanding, be looked upon and judged
       in the light of custom. Was it his custom so to do? In my
       judgment the doctrine now announced by the majority of the
       court extends the crime of constructive larceny to such limits
       that any business man who engages in extensive and perfectly
       legitimate stock transactions may, before he knows it, by a
       sudden panic in the market or a fire, as in this instance,
       become a felon. When a principle is asserted which
       establishes such a precedent, and may lead to such results,
       it is, to say the least, startling."
       While he was notably comforted by the dissenting opinions of the
       judges in minority, and while he had been schooling himself to
       expect the worst in this connection and had been arranging his
       affairs as well as he could in anticipation of it, Cowperwood was
       still bitterly disappointed. It would be untrue to say that,
       strong and self-reliant as he normally was, he did not suffer.
       He was not without sensibilities of the highest order, only they
       were governed and controlled in him by that cold iron thing, his
       reason, which never forsook him. There was no further appeal
       possible save to the United States Supreme Court, as Steger pointed
       out, and there only on the constitutionality of some phase of the
       decision and his rights as a citizen, of which the Supreme Court
       of the United States must take cognizance. This was a tedious
       and expensive thing to do. It was not exactly obvious at the
       moment on what point he could make an appeal. It would involve
       a long delay--perhaps a year and a half, perhaps longer, at the
       end of which period he might have to serve his prison term anyhow,
       and pending which he would certainly have to undergo incarceration
       for a time.
       Cowperwood mused speculatively for a few moments after hearing
       Steger's presentation of the case. Then he said: "Well, it looks
       as if I have to go to jail or leave the country, and I've decided
       on jail. I can fight this out right here in Philadelphia in the
       long run and win. I can get that decision reversed in the Supreme
       Court, or I can get the Governor to pardon me after a time, I
       think. I'm not going to run away, and everybody knows I'm not.
       These people who think they have me down haven't got one corner
       of me whipped. I'll get out of this thing after a while, and when
       I do I'll show some of these petty little politicians what it
       means to put up a real fight. They'll never get a damned dollar
       out of me now--not a dollar! I did intend to pay that five hundred
       thousand dollars some time if they had let me go. Now they can
       whistle!"
       He set his teeth and his gray eyes fairly snapped their
       determination.
       "Well, I've done all I can, Frank," pleaded Steger, sympathetically.
       "You'll do me the justice to say that I put up the best fight I
       knew how. I may not know how--you'll have to answer for that--
       but within my limits I've done the best I can. I can do a few
       things more to carry this thing on, if you want me to, but I'm
       going to leave it to you now. Whatever you say goes."
       "Don't talk nonsense at this stage, Harper," replied Cowperwood
       almost testily. "I know whether I'm satisfied or not, and I'd
       soon tell you if I wasn't. I think you might as well go on and
       see if you can find some definite grounds for carrying it to the
       Supreme Court, but meanwhile I'll begin my sentence. I suppose
       Payderson will be naming a day to have me brought before him now
       shortly."
       "It depends on how you'd like to have it, Frank. I could get a
       stay of sentence for a week maybe, or ten days, if it will do you
       any good. Shannon won't make any objection to that, I'm sure.
       There's only one hitch. Jaspers will be around here tomorrow
       looking for you. It's his duty to take you into custody again,
       once he's notified that your appeal has been denied. He'll be
       wanting to lock you up unless you pay him, but we can fix that.
       If you do want to wait, and want any time off, I suppose he'll
       arrange to let you out with a deputy; but I'm afraid you'll have
       to stay there nights. They're pretty strict about that since that
       Albertson case of a few years ago."
       Steger referred to the case of a noted bank cashier who, being
       let out of the county jail at night in the alleged custody of a
       deputy, was permitted to escape. There had been emphatic and
       severe condemnation of the sheriff's office at the time, and since
       then, repute or no repute, money or no money, convicted criminals
       were supposed to stay in the county jail at night at least.
       Cowperwood meditated this calmly, looking out of the lawyer's
       window into Second Street. He did not much fear anything that
       might happen to him in Jaspers's charge since his first taste of
       that gentleman's hospitality, although he did object to spending
       nights in the county jail when his general term of imprisonment
       was being reduced no whit thereby. All that he could do now in
       connection with his affairs, unless he could have months of freedom,
       could be as well adjusted from a prison cell as from his Third
       Street office--not quite, but nearly so. Anyhow, why parley? He
       was facing a prison term, and he might as well accept it without
       further ado. He might take a day or two finally to look after
       his affairs; but beyond that, why bother?
       "When, in the ordinary course of events, if you did nothing at all,
       would I come up for sentence?"
       "Oh, Friday or Monday, I fancy," replied Steger. "I don't know
       what move Shannon is planning to make in this matter. I thought
       I'd walk around and see him in a little while."
       "I think you'd better do that," replied Cowperwood. "Friday or
       Monday will suit me, either way. I'm really not particular.
       Better make it Monday if you can. You don't suppose there is any
       way you can induce Jaspers to keep his hands off until then? He
       knows I'm perfectly responsible."
       "I don't know, Frank, I'm sure; I'll see. I'll go around and talk
       to him to-night. Perhaps a hundred dollars will make him relax
       the rigor of his rules that much."
       Cowperwood smiled grimly.
       "I fancy a hundred dollars would make Jaspers relax a whole lot of
       rules," he replied, and he got up to go.
       Steger arose also. "I'll see both these people, and then I'll
       call around at your house. You'll be in, will you, after dinner?"
       "Yes."
       They slipped on their overcoats and went out into the cold February
       day, Cowperwood back to his Third Street office, Steger to see
       Shannon and Jaspers. _