I'll gobble them up and deliver the right article to the city. There's money there, too--money everywhere. Everything works in with everything else. Each improvement makes the value of everything else pump up. It's people that are behind the value. The bigger the crowd that herds in one place, the more valuable is the real estate. And this is the very place for a crowd to herd. Look at it. Just look at it! You could never find a finer site for a great city. All it needs is the herd, and I'll stampede a couple of hundred thousand people in here ins two years. And what's more it won't be one of these wild cat land booms. It will be legitimate. Twenty years for now there'll be a million people on this side the bay. Another thing is hotels. There isn't a decent one in the town. I'll build a couple of up-to-date ones that'll make them sit up and take notice. I won't care if they don't pay for years. Their effect will more than give me my money back out of the other holdings. And, oh, yes, I'm going to plant eucalyptus, millions of them, on these hills.""But how are you going to do it?" Dede asked. "You haven't enough money for all that you've planned.""I've thirty million, and if I need more I can borrow on the land and other things. Interest on mortgages won't anywhere near eat up the increase in land values, and I'll be selling land right along."In the weeks that followed, Daylight was a busy man. He spent most of his time in Oakland, rarely coming to the office. He planned to move the office to Oakland, but, as he told Dede, the secret preliminary campaign of buying had to be put through first. Sunday by Sunday, now from this hilltop and now from that, they looked down upon the city and its farming suburbs, and he pointed out to her his latest acquisitions. At first it was patches and sections of land here and there; but as the weeks passed it was the unowned portions that became rare, until at last they stood as islands surrounded by Daylight's land.
It meant quick work on a colossal scale, for Oakland and the adjacent country was not slow to feel the tremendous buying. But Daylight had the ready cash, and it had always been his policy to strike quickly. Before the others could get the warning of the boom, he quietly accomplished many things. At the same time that his agents were purchasing corner lots and entire blocks in the heart of the business section and the waste lands for factory sites, Day was rushing franchises through the city council, capturing the two exhausted water companies and the eight or nine independent street railways, and getting his grip on the Oakland Creek and the bay tide-lands for his dock system. The tide-lands had been in litigation for years, and he took the bull by the horns--buying out the private owners and at the same time leasing from the city fathers.
By the time that Oakland was aroused by this unprecedented activity in every direction and was questioning excitedly the meaning of it, Daylight secretly bought the chief Republican newspaper and the chief Democratic organ, and moved boldly into his new offices. Of necessity, they were on a large scale, occupying four floors of the only modern office building in the town--the only building that wouldn't have to be torn down later on, as Daylight put it. There was department after department, a score of them, and hundreds of clerks and stenographers. As he told Dede: "I've got more companies than you can shake a stick at. There's the Alameda &Contra Costa Land Syndicate, the Consolidated Street Railways, the Yerba Buena Ferry Company, the United Water Company, the Piedmont Realty Company, the Fairview and Portola Hotel Company, and half a dozen more that I've got to refer to a notebook to remember. There's the Piedmont Laundry Farm, and Redwood Consolidated Quarries. Starting in with our quarry, I just kept a-going till I got them all. And there's the ship-building company I ain't got a name for yet. Seeing as I had to have ferry-boats, I decided to build them myself. They'll be done by the time the pier is ready for them. Phew! It all sure beats poker. And I've had the fun of gouging the robber gangs as well. The water company bunches are squealing yet. I sure got them where the hair was short. They were just about all in when I came along and finished them off.""But why do you hate them so?" Dede asked.
"Because they're such cowardly skunks."
"But you play the same game they do."
"Yes; but not in the same way." Daylight regarded her thoughtfully.
"When I say cowardly skunks, I mean just that,--cowardly skunks. They set up for a lot of gamblers, and there ain't one in a thousand of them that's got the nerve to be a gambler. They're four-flushers, if you know what that means. They're a lot of little cottontail rabbits making believe they're big rip-snorting timber wolves. They set out to everlastingly eat up some proposition but at the first sign of trouble they turn tail and stampede for the brush. Look how it works. When the big fellows wanted to unload Little Copper, they sent Jakey Fallow into the New York Stock Exchange to yell out: 'I'll buy all or any part of Little Copper at fifty five,'
Little Copper being at fifty-four. And in thirty minutes them cottontails--financiers, some folks call them--bid up Little Copper to sixty. And an hour after that, stampeding for the brush, they were throwing Little Copper overboard at forty-five and even forty.
"They're catspaws for the big fellows. Almost as fast as they rob the suckers, the big fellows come along and hold them up. Or else the big fellows use them in order to rob each other. That's the way the Chattanooga Coal and Iron Company was swallowed up by the trust in the last panic. The trust made that panic. It had to break a couple of big banking companies and squeeze half a dozen big fellows, too, and it did it by stampeding the cottontails. The cottontails did the rest all right, and the trust gathered in Chattanooga Coal and Iron. Why, any man, with nerve and savvee, can start them cottontails jumping for the brush. I don't exactly hate them myself, but I haven't any regard for chicken-hearted four-flushers."
