The Motor Boat Club off Long Island: or, A Daring Marine Game at Racing Speed

CHAPTER X
THE MONEY STORM BREAKS LOOSE

AS soon as the “Rocket” had fallen away from the mocking strangers and was heading back at nearly full speed for the Long Island coast, Eben Moddridge came almost totteringly on deck.

“Poor Frank Delavan wasn’t aboard that other boat,” he groaned.

“No,” answered Halstead, trying hard to keep his disapproval of the other’s cowardice from sounding in his voice.

“Then, good heavens! We must get back to East Hampton without loss of a moment,” cried the owner’s friend.

“Don’t you think we’ll do a lot better to hustle back to Cookson’s Bay?” demanded the young skipper. “We all of us know, as well as we need to, that Mr. Delavan was aboard that racing boat this morning, so we must agree that Mr. Delavan was carried ashore while that other craft had the island between us and them. We’re out to find Mr. Delavan, aren’t we? If we are, sir, the trail starts from Cookson’s Bay.”

“But there are other matters you don’t understand,” replied Moddridge, nervously. “Both Delavan and I have interests at work in Wall Street. Those interests involve many millions of dollars. While I was hoping every minute to come up with Frank Delavan, the chase seemed to me to be the main thing. But I should have been in East Hampton hours ago, to answer frantic appeals for instructions that must have been coming in over the long distance telephone.”

“Then do you instruct me, sir, to head for East Hampton, and leave Mr. Delavan to take his chances in the hands of rascals?”

“Don’t – don’t put it in that way,” begged Mr. Moddridge, shivering.

“Unfortunately, sir, I don’t see any other way to put the question,” young Halstead answered.

Eben Moddridge wavered, thinking it all over in an evident frenzy. While he was thus pondering Captain Tom was heading straight in for where he knew Cookson’s Inlet to be.

“It’s – it’s – bad either way,” Moddridge finally confessed. “If I delay in reaching the telephone Frank and I may lose millions through some unfortunate turn in Wall Street. And, on the other hand, if poor Frank has vanished, perhaps never to turn up again, he and I may both be ruined in the money world.”

“As between losing some millions, and all,” spoke Tom, as judicially as he could, “I should say it would be better to risk some of the money and keep on after Mr. Delavan himself.”

“If that’s the way it appears to you, then do so,” replied Eben Moddridge, slowly, hesitatingly. “Oh, dear, I simply can’t think when I am so nervous.”

“This is a funny sort of an associate to take into a big money deal,” thought Halstead, wonderingly. The young skipper discovered, later, that Moddridge was a power in Wall Street simply because he had inherited more millions than he was capable of handling. He was valuable when men wanted more money for financial operations than they themselves controlled. Moddridge was in the present big Delavan deals simply because Moddridge had discovered that he could always trust Mr. Delavan.

So Tom headed for Cookson’s Bay, making that shallow little body of water in less than an hour. Another hour was spent in lowering the port boat and in rowing Moddridge both to the little island and to the main shore. It was a sparsely settled region. Only one of the cottages on the little island was occupied, and that only by a bachelor who admitted that he had been asleep at the time when the two motor boats had dodged about the island. He aided, however, in searching the other two cottages, but no sign was found of Mr. Delavan or of his probable captors. The search was continued on the main shore, with no better results.

“Now, we simply must get back to East Hampton,” urged Moddridge, and Halstead was reluctantly of the same opinion.

“If Frank can’t be found soon,” chattered the nervous one, as the “Rocket” headed toward her pier at East Hampton, “and if the news becomes public, then every stock he is heavily interested in will go away down on the Stock Exchange.”

“Why?” asked Tom Halstead.

“Why, people will think there’s something queer about the disappearance,” Moddridge explained. “Take the P. & Y. Railroad, for instance. Its capital is eighty million dollars. Delavan owns fifteen million of that himself. He’s the president, biggest stockholder, and the virtual czar of that railroad. If Frank can’t be found, what will folks be apt to think? Why, simply that he has been guilty of criminally mismanaging the railroad, for his own profit, and that now he has fled to some foreign country to hide away from the American law. P. & Y. stock will take a fearful drop.”

“That won’t happen, all in a day, will it?” questioned Captain Tom.

“It might. It will be sure to happen within a very few days, if Frank doesn’t show up again. Wall Street is the most sensitive place in the world. Let a breath of suspicion blow against a certain stock, and that stock drops and drops, until perhaps it goes down out of sight. Everyone who has his whole fortune invested in that stock may be ruined by the smash. If the P. & Y. stock goes down, it will knock Frank’s deals and mine into a cocked hat.”

“Why?” asked Tom, wonderingly.

“Why?” repeated Eben Moddridge, shiveringly. “Why, I’ve told you that Frank holds fifteen millions of P. & Y. stock. I hold five millions myself. Frank told you, yesterday, that we were plunging in Steel and other allied stocks that Mr. Gordon influences heavily. Steel and those other stocks are going to work up and down, like a see-saw, for the next few days. To raise the funds for our operations Frank and I have been pledging our P. & Y. stock, which stands at 102. But suppose Delavan can’t be found, and P. & Y. drops to forty – or even thirty?” gasped Eben Moddridge. “What would happen then?”

“Well, what would happen?” questioned Tom Halstead, to whom the whole vast Wall Street game was a great puzzle.

“Why, if P. & Y. tumbles like that,” continued Eben Moddridge, “the great banking houses that have been advancing us money on P. & Y. stock to play with Steel and allied stocks will be forced to call in their loans in order to protect themselves. Frank Delavan and I are pledged as heavily as we possibly can be. We couldn’t raise five million dollars more between us. So, if the bottom drops out of the P. & Y. stock Delavan and myself stand to be wiped off the board in all our deals – ruined!”

The last word came from Moddridge in a sobbing gasp. He was clutching at the rail as the “Rocket” moved in nearer to her pier.

“Halstead,” he continued soon, “as quickly as we land, I want you to get a carriage and rush to the telephone office with me. I’m so excited I feel as though I’d fall over in a faint. You must go with me – remain with me until this fearful ordeal is over.”

Half a dozen well-dressed, alert-looking young men who stood on the pier seemed to be greatly interested in the “Rocket” as that boat was berthed. Jed was at the wheel as Captain Tom stood by the rail, ready to leap ashore.

“Mr. Francis Delavan aboard?” hailed one of the young men, just as the young skipper’s feet touched the pier.

“Why do you want to know?” Halstead cross-questioned.

“I’m from the New York ‘Herald’,” replied the young man. “I am here to interview Mr. Delavan.”

“I’m from the ‘World’,” added another young man. Halstead at once understood that this group was made up of reporters.

“Mr. Delavan didn’t go out with us this morning,” replied Captain Tom, while Eben Moddridge surveyed the reporters, uneasily. Seeing a cab up the road, Halstead signaled it vigorously.

“Where is Mr. Delavan?” demanded the “World” representative.

“That’s Mr. Delavan’s business. I can’t tell you,” replied Tom, a bit stiffly.

“Is his friend, Mr. Moddridge, aboard? Is that Mr. Moddridge?” asked another of the reporters. The nervous man, under the concentrated gaze of six reporters, became more nervous than ever.

“Gentlemen,” went on Halstead, hurriedly, drawing out his watch just as the vehicle rolled down to the pier and stopped, “it’s twenty-five minutes of three, and the Stock Exchange in New York closes at three o’clock. That is Mr. Moddridge on board, but he is in a rush to reach the telephone office, and he can’t lose even a second until he has talked with New York.”

Halstead almost led the nervous one from the boat to the cab, helping him inside, and getting in with him.

“Wait here, gentlemen, if you wish to talk with Mr. Moddridge,” coaxed Tom. As the cab started one of the reporters bounded up onto the step, from which he was adroitly yanked by Jed Prentiss. Then the driver whipped his horses forward, and the reporters were distanced for the time being.

Yet one of the press scribes, as he ran along in the vain effort to overtake the cab, shouted:

“There’s a mysterious report in New York that everything is wrong with the P. & Y., and that Delavan has absconded to some other country. Can you say anything to that, Mr. Moddridge?”

If Moddridge could, he didn’t. Instead, his jaw dropped. He reeled to one side as though about to fall from the seat. Tom hastily changed to the same seat, supporting the worried man.

“So the news has already reached New York and Wall Street?” he asked, faintly.

“If it has,” whispered Halstead, watching to see whether the driver was trying to listen, “then it’s because the crowd back of the trouble took pains to send word in early this morning. Mr. Moddridge, the news must have been known hours ago, since reporters have had time to get away out here from the city.”

“If – ”

“Don’t try to say any more, Mr. Moddridge,” urged Halstead, again in a whisper. “The driver may be trying to overhear.”

As they reached the telephone office, and got out, Tom hurriedly paid the driver, then escorted Mr. Moddridge inside. The manager of the office looked up to say, briskly:

“The wire in booth number two is waiting for you, Mr. Moddridge.”

“Come in the booth with me, Halstead,” begged Moddridge, shaking. “I may need you, if my voice is too unsteady.”

So the young skipper followed his employer’s friend into the booth, making sure that the door was tightly closed. Hardly had this been done when three of the reporters, who had followed in another carriage, entered the office. The manager, however, would not allow them near the booth.

The telephone instrument was already directly connected with a broker’s office in Wall Street, New York City. Immediately after he had rung Moddridge asked:

“Is that you, Coggswell? How is everything going?”

Tom Halstead, standing close to the receiver, could hear the reply:

“Oh, is that you, Mr. Moddridge? Where on earth is Mr. Delavan?”

“He is not here just now.”

“Mr. Moddridge,” came the earnest voice from the other end of the wire, “I hope you will be able to get hold of Mr. Delavan at the earliest possible moment. P. & Y. has gone down, to-day, from 102 to 91. There’ll be a further drop unless you can bring Delavan to the fore.”

Eben Moddridge groaned. Tom could see perspiration oozing out on the nervous one’s face and neck.

“There are persistent rumors,” continued Broker Coggswell, “that Delavan has secretly and systematically wrecked the P. & Y. Railroad, and that the road’s finances are in a bad condition. The newspapers have taken up the yarn, and there’s a bad flurry in all Delavan stocks.”

“The reporters are out here, trying to interview me,” admitted Mr. Moddridge.

“Then,” begged the New York broker, “produce Delavan at the earliest possible moment, and let the reporters interview him. It will do a lot to steady your interests in Wall Street. Where is Mr. Delavan, anyway?”

“I can’t tell you that over the wire, Mr. Coggswell. I’ll write you this afternoon.”

“Is it true that Delavan has fled, and is in hiding on account of financial irregularities with the P. & Y. Railroad?”

“It’s wholly false, Coggswell,” cried Moddridge, hoarsely.

“Then hurry up and produce him, or the banks will call your loans, and you’ll both go under in the crash, besides dragging a good many scores of innocent people down with you.”

“Oh, I hope it won’t be as bad as that,” shivered Moddridge.

“If you and Delavan go under during the next few days,” warned Broker Coggswell, “Wall Street is so shaky and suspicious that a good many failures will result.”

“I’ll put Delavan in touch with you at the earliest possible moment,” promised Eben Moddridge. “And now, as my watch tells me it’s ten minutes to closing time on the Stock Exchange, I’ll wait right here for the day’s final news.”

As soon as he had turned away from the instrument Moddridge looked out through the glass door of the booth at the reporters hovering by the street door.

“There’s a side door out of this place, Halstead,” whispered the nervous one. “I don’t want to have to meet all those reporters again. Slip into another booth and ’phone the Eagle House to have Delavan’s car rushed down to the side door.”

Tom Halstead accomplished this, returning to the booth before Broker Coggswell called up Mr. Moddridge.

It was a few minutes after three when that call came.

“You, Moddridge?” demanded the New York broker’s voice.

“Yes, Coggswell.”

“P. & Y. has broken down to 86. If it goes to 85 in the morning, either you’ll have to put up extra collateral for your loans and Delavan’s, or the bankers will call in your loans.”

“Good heavens!” shuddered Mr. Moddridge.

“But Delavan’s reappearance will stop all the wild rumors, and P. & Y. ought to climb back up where it belongs. Be swift and active, Mr. Moddridge, for you know how many millions are at stake. I shall be here at my office for two hours yet for the situation looks black at this end.”

“Brace up, sir, please do,” begged Tom, anxiously, as Eben Moddridge turned away from the instrument and rose, his face haggard and ashen gray, his knees tottering under him. “The reporters will see you. Think what they may imagine if you look scared to death. A frightened face may cost you millions at this time! Throw your head up and back. Laugh, then keep smiling. That’s right; now come!”

Delavan’s automobile was waiting up the street a little way. As soon as the clever chauffeur saw the pair appear at the side door, the machine glided up to that side door, the nearer tonneau door open. Into it stepped Moddridge and the young skipper, the latter closing the door. The machine turned and was rolling away just as the reporters, suddenly alert, hurried to the spot.

Arrived at the hotel, Eben Moddridge got to his room as quickly as possible. There, all disguise dropping, he began to shake so that he was forced to drop into a chair.

“Tell the clerk I want no cards; that I’m too busy to see any callers,” directed the nervous one. “Tell him, on no account, to let anyone get up here. Yet, Halstead, someone must see the reporters. Why can’t you do it? Your nerve is all right. See them! Talk to them. But don’t let them know we can’t find Delavan. Go! To the clerk, first, then the reporters.”

Slipping downstairs, Captain Tom Halstead was able to fill both orders at the same time, for the reporters were all at the clerk’s desk, offering their cards. At sight of Halstead the six scribes bore down upon him.

“You can’t see Mr. Moddridge for two or three hours, anyway,” Tom assured the gentlemen of the press. “Every instant of his time is taken up. If there’s anything I can properly tell you, I’ll do so.”

“Where’s Delavan?” the six chorused together.

“Why do you want to know that?” inquired Halstead, innocently.

“Why?” replied one of the reporters. “Because it is reported and believed that Francis Delavan has wrecked the P. & Y. Railroad, that he has sent the proceeds of his work out of the country, and that he has followed the money. There’s another story to the effect that Delavan, overcome with horror, has committed suicide by drowning himself in nearby waters. There’s a big tumble in Wall Street, already, and the money storm is breaking loose!”

CHAPTER XI
TOM HALSTEAD’S QUICK WIT AT WORK

“NOW, where is Francis Delavan?”

Six gentlemen of the press launched that question at Captain Tom Halstead’s head. Their voices and their eyes put the question together.

But the young man, smiling serenely, was ready for them.

“Mr. Delavan left, early this morning, for a pleasure trip on the water, and he hasn’t returned yet,” replied the “Rocket’s” skipper.

That was wholly the truth.

“Where did Mr. Delavan go?”

“He didn’t tell me where he was going.”

“How soon will he be back?”

“He didn’t tell me that, either.”

“Did he go on the ‘Rocket’?”

“No.”

“Captain,” demanded one of the reporters, eyeing the lad keenly, “pardon me for asking you if you answered that last question truthfully.”

“On my honor I did,” Halstead replied, promptly. “Yesterday Mr. Delavan went out on the ‘Rocket.’ To-day only his friend, Mr. Moddridge, went out with us.”

“See here, captain,” demanded another reporter, bruskly and somewhat roughly, “don’t you know, quite well, that Delavan has skipped away, probably out of the country, for good?”

“I give you my word, gentlemen, that I don’t know it, or even believe it. Indeed, while I do not presume to feel myself in Mr. Delavan’s confidence, I am very sure that he cannot be many miles from here at this moment.”

“Then where is he?”

“Not being in Mr. Delavan’s confidence, I can’t tell you.”

“Do you know where he is?”

“Not – not exactly.”

That reply conveyed the impression the young skipper hoped it would, namely, that he simply didn’t want to tell where the Wall Street man was supposed to be.

“All I can tell you,” Tom Halstead added, “is that Mr. Delavan is probably not many miles away from here at this moment, that he will undoubtedly turn up very soon, and that he will be pretty angry over the stories that his brief absence have caused.”

Not being easily daunted or turned aside, these New York reporters continued their siege of the young skipper for at least another quarter of an hour. Tom, however, could not be trapped into saying more than he had already said. Yet he spoke so simply, and with such candor, that he imagined the reporters themselves were beginning to believe that too much ado had been made over Mr. Delavan’s brief absence, and that Wall Street had gone astray on another crazy story. However, still intent on seeing Eben Moddridge, and perhaps hoping to find Mr. Delavan himself before the day was over, the reporters lounged about the lobby or at the hotel entrance.

As soon as he could do so without attracting the attention of any of the others, Halstead strolled over to the “Sun” reporter, a fair-haired, alert, athletic-looking young man.

“Do you know that brown-haired, tall young man, in the blue suit?” asked Halstead, rather carelessly.

“I do not,” answered the “Sun” man.

“Yet he belongs to your party, doesn’t he?” pursued the young skipper.

“Why, he was with us, yes.”

“Do you know the other reporters?”

“All of them.”

“But you don’t know the brown-haired young man?”

“No,” answered the “Sun” man. “I don’t believe he’s from a New York paper. He may belong to one of the Brooklyn dailies. Shall I ask him who he is and what paper he serves?”

“Oh, no, thank you,” Tom answered, carelessly. “It’s just the slightest curiosity on my part. He makes me think, a little, of a fellow I knew in my own town.”

But as the motor boat boy presently strolled away his mind was moving fast. He had already suspected that the brown-haired young man, with the well-tanned face, did not belong to the party of reporters, though he pretended to.

For Halstead, rarely mistaken in a voice, had heard the fellow speak twice. Though the tone was low, it had brought back a memory of the night before.

“If it’s the same fellow,” flashed through the boy’s mind, “then his hair, last night, was lighter, and his cheeks fairer. Since then he must have dyed his hair and stained his face. He wore a gray suit, then, and a yachting cap, but I’d wager a lot the fellow yonder is the one who directed the fellow calling himself Rexford, and one of the pair that chased me up a tree. The voice is the same, I’m sure, though now he’s talking lower and trying to disguise his voice.”

The more Halstead covertly studied the suspected one the more he became convinced of the whole truth of his guess.

“Then, if he’s one of the fellows who tried to tempt me last night, he’s working for or with the very crowd that have caused Mr. Delavan to vanish,” breathed the young captain. Feeling that his excitement must be showing in his eyes, Halstead forced himself to cool down a good deal.

“That fellow you asked about claims his name is Ellis, and that he’s on a Brooklyn newspaper,” murmured the “Sun” man, drifting by the young motor boat captain.

“Thank you,” acknowledged Tom Halstead, courteously, yet almost indifferently. To himself, however, as the real reporter strolled away, the boy muttered:

“Ellis, eh? And a Brooklyn newspaper? What a cool liar the fellow is!”

Though they had now waited but a few minutes after giving up young Halstead as a bad interviewing job, the reporters were now once more besieging the desk clerk to send their cards up to Eben Moddridge.

“It’s no use, gentlemen, I tell you,” insisted the clerk. “I’m not to let anyone near Mr. Moddridge until he informs me that he is at leisure.”

“That fellow who calls himself Ellis is the only one who doesn’t insist at all,” muttered the young skipper, covertly watching the game.

Bye and bye, however, “Ellis” drew two of the real reporters aside, engaging them in low, earnest conversation. The other reporters joined the party, all hands talking together for some fifteen minutes. Then once more the “Sun” reporter, as soon as he could do so without attracting attention from his comrades, sauntered up to Captain Tom, standing on the veranda just outside the entrance.

“That fellow Ellis claims to have a whole lot of inside track,” whispered the “Sun” man. “He tells us he knows that Francis Delavan, overcome with remorse at having looted the assets of the P. & Y. Railroad, drowned himself near the mouth of the inlet this morning. He claims that the body has been recovered, but that an effort is being made to keep it from the coroner.”

“Then the fellow lies,” retorted Tom bluntly, indignantly. “You’ve been good to me in telling me this, so I’m going to assure you again, on my honor, that Mr. Delavan isn’t dead; and I’m equally certain that he has done nothing wrong.”

The “Sun” man looked keenly at the boy, concluding that the blue-uniformed young skipper was telling the truth as he knew it.

“Thank you,” said the reporter, simply. “I’ll try to keep you posted on any other wild rumors I hear. But I wish you’d lead me, alone, to Delavan.”

“I will,” promised Tom, artlessly.

“When?”

“When the time comes that I have a right to.”

Just as the “Sun” reporter walked away the young skipper caught sight of Jed, standing under a tree in the grounds, making signs. Beside Jed stood a big, broad-shouldered hulking young fellow with a face as freckled as the map of the Thousand Islands.

Taking a last look inside, and seeing Ellis still chatting with two of the New York reporters, Halstead ran down the veranda steps, crossing the grounds to his Nantucket friend.

“Say, cap,” began Jed, affectionately, “I’m terribly sorry, but I guess I’ve got to quit this cruise. It’s mean, but there’s trouble at home. Mother’s ill. I’ve just had a wire from Dad. He doesn’t say it’s the worst, Tom, but he advises me to come home. So I’ve got to go by the next train, which leaves in twenty minutes. You won’t blame me, old fellow, will you!”

“Blame you?” repeated Halstead, quickly. “Of course not. I’d drop anything if I had the same kind of a telegram. We’ll miss you, of course, Jed, but it can’t be helped. Well get along somehow.”

“Oh, I’m not going to leave you thrown down,” retorted young Prentiss. “Cap, this is my friend, Hank Butts. Hank is right out of sea-faring stock for a hundred years back. And he can cook, too. Say, Tom, he was down at Nantucket, two years ago, on the Life Saving Service cutter. Even then he could cook, eh, Hank?”

“Some,” laconically responded the freckle-faced youth. “And I can handle boats – some – though I don’t know much about motors.”

“I just ran into him on the way up here, Tom,” confided Jed. “But say, I know all about him, from two years ago. Can you give him the job until I show up back again, anyway?”

“Yes,” agreed Halstead at once. “Of course, subject to Mr. Delavan’s approval.”

“Then good-bye, and good luck to you all,” cried Jed Prentiss, after hastily looking at his watch. “I’ve got to run. I’ve said good-bye to Joe already. Tom, I’ve left my uniforms on board – if you can squeeze Hank into ’em.”

With a hasty hand pressure for both youths Jed Prentiss scurried away, intent on reaching his Nantucket home at the earliest possible moment.

Captain Tom had stepped around so that the bush was between himself and the hotel entrance. Hank followed.

“Shall I go on board and look about at the new job?” queried Hank Butts.

“Yes,” nodded Tom, instantly adding: “By hokey – no!”

For at that very moment Ellis was coming out alone through the hotel entrance. The fellow glanced backward, to make sure he was not observed by any of the genuine reporters. Then he slipped rapidly through the grounds.

“See that fellow hurrying over there, in the blue suit?” questioned young Halstead.

“Yep,” nodded Hank Butts.

“Think you could follow him, no matter where he goes, so he wouldn’t suspect you were following him?”

“Sure,” nodded Hank. “Nothing easier.”

“Then do it,” blazed Tom Halstead, in a frenzied undertone. “And I will follow, keeping only you in sight. In that way, he won’t have any chance to know I’m after him, and he doesn’t know you.”

Hank, like a well disciplined follower of the sea, sauntered away without asking another question. Captain Tom watched him for a few moments, then, when Ellis had passed out of sight, the young skipper trailed after Hank Butts, at that moment about to vanish from his view.

“Ellis was hanging around, to spread stories against Mr. Delavan, and also to find out what is happening,” quivered the young motor boat captain. “Now, I’ll bet Ellis is going straight to his employer – and I’m going to follow him right up to that same rascally chief!”