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There¡¡came¡¡in¡¡this¡¡period¡¡the¡¡slow¡¡approach£»¡¡and¡¡finally¡¡the¡¡declaration£»¡¡of¡¡war¡¡between¡¡the¡¡North¡¡and¡¡the¡¡South£»¡¡attended¡¡with¡¡so¡¡much¡¡excitement¡¡that¡¡almost¡¡all¡¡current¡¡minds¡¡were¡¡notably¡¡colored¡¡by¡¡it¡£¡¡¡¡It¡¡was¡¡terrific¡£¡¡¡¡Then¡¡came¡¡meetings£»¡¡public¡¡and¡¡stirring£»¡¡and¡¡riots£»¡¡the¡¡incident¡¡of¡¡John¡¡Brown's¡¡body£»¡¡the¡¡arrival¡¡of¡¡Lincoln£»¡¡the¡¡great¡¡commoner£»¡¡on¡¡his¡¡way¡¡from¡¡Springfield£»¡¡Illinois£»¡¡to¡¡Washington¡¡via¡¡Philadelphia£»¡¡to¡¡take¡¡the¡¡oath¡¡of¡¡office£»¡¡the¡¡battle¡¡of¡¡Bull¡¡Run£»¡¡the¡¡battle¡¡of¡¡Vicksburg£»¡¡the¡¡battle¡¡of¡¡Gettysburg£»¡¡and¡¡so¡¡on¡£¡¡¡¡Cowperwood¡¡was¡¡only¡¡twenty¡five¡¡at¡¡the¡¡time£»¡¡a¡¡cool£»¡¡determined¡¡youth£»¡¡who¡¡thought¡¡the¡¡slave¡¡agitation¡¡might¡¡be¡¡well¡¡founded¡¡in¡¡human¡¡rightsno¡¡doubt¡¡was¡¡but¡¡exceedingly¡¡dangerous¡¡to¡¡trade¡£¡¡¡¡He¡¡hoped¡¡the¡¡North¡¡would¡¡win£»¡¡but¡¡it¡¡might¡¡go¡¡hard¡¡with¡¡him¡¡personally¡¡and¡¡other¡¡financiers¡£¡¡¡¡He¡¡did¡¡not¡¡care¡¡to¡¡fight¡£¡¡¡¡That¡¡seemed¡¡silly¡¡for¡¡the¡¡individual¡¡man¡¡to¡¡do¡£¡¡¡¡Others¡¡mightthere¡¡were¡¡many¡¡poor£»¡¡thin¡minded£»¡¡half¡baked¡¡creatures¡¡who¡¡would¡¡put¡¡themselves¡¡up¡¡to¡¡be¡¡shot£»¡¡but¡¡they¡¡were¡¡only¡¡fit¡¡to¡¡be¡¡commanded¡¡or¡¡shot¡¡down¡£¡¡¡¡As¡¡for¡¡him£»¡¡his¡¡life¡¡was¡¡sacred¡¡to¡¡himself¡¡and¡¡his¡¡family¡¡and¡¡his¡¡personal¡¡interests¡£¡¡¡¡He¡¡recalled¡¡seeing£»¡¡one¡¡day£»¡¡in¡¡one¡¡of¡¡the¡¡quiet¡¡side¡¡streets£»¡¡as¡¡the¡¡working¡men¡¡were¡¡coming¡¡home¡¡from¡¡their¡¡work£»¡¡a¡¡small¡¡enlisting¡¡squad¡¡of¡¡soldiers¡¡in¡¡blue¡¡marching¡¡enthusiastically¡¡along£»¡¡the¡¡Union¡¡flag¡¡flying£»¡¡the¡¡drummers¡¡drumming£»¡¡the¡¡fifes¡¡blowing£»¡¡the¡¡idea¡¡being£»¡¡of¡¡course£»¡¡to¡¡so¡¡impress¡¡the¡¡hitherto¡¡indifferent¡¡or¡¡wavering¡¡citizen£»¡¡to¡¡exalt¡¡him¡¡to¡¡such¡¡a¡¡pitch£»¡¡that¡¡he¡¡would¡¡lose¡¡his¡¡sense¡¡of¡¡proportion£»¡¡of¡¡self¡interest£»¡¡and£»¡¡forgetting¡¡all¡¡wife£»¡¡parents£»¡¡home£»¡¡and¡¡childrenand¡¡seeing¡¡only¡¡the¡¡great¡¡need¡¡of¡¡the¡¡country£»¡¡fall¡¡in¡¡behind¡¡and¡¡enlist¡£¡¡¡¡He¡¡saw¡¡one¡¡workingman¡¡swinging¡¡his¡¡pail£»¡¡and¡¡evidently¡¡not¡¡contemplating¡¡any¡¡such¡¡denouement¡¡to¡¡his¡¡day's¡¡work£»¡¡pause£»¡¡listen¡¡as¡¡the¡¡squad¡¡approached£»¡¡hesitate¡¡as¡¡it¡¡drew¡¡close£»¡¡and¡¡as¡¡it¡¡passed£»¡¡with¡¡a¡¡peculiar¡¡look¡¡of¡¡uncertainty¡¡or¡¡wonder¡¡in¡¡his¡¡eyes£»¡¡fall¡¡in¡¡behind¡¡and¡¡march¡¡solemnly¡¡away¡¡to¡¡the¡¡enlisting¡¡quarters¡£¡¡¡¡What¡¡was¡¡it¡¡that¡¡had¡¡caught¡¡this¡¡man£»¡¡Frank¡¡asked¡¡himself¡£¡¡¡¡How¡¡was¡¡he¡¡overcome¡¡so¡¡easily£¿¡¡He¡¡had¡¡not¡¡intended¡¡to¡¡go¡£¡¡¡¡His¡¡face¡¡was¡¡streaked¡¡with¡¡the¡¡grease¡¡and¡¡dirt¡¡of¡¡his¡¡workhe¡¡looked¡¡like¡¡a¡¡foundry¡¡man¡¡or¡¡machinist£»¡¡say¡¡twenty¡five¡¡years¡¡of¡¡age¡£¡¡¡¡Frank¡¡watched¡¡the¡¡little¡¡squad¡¡disappear¡¡at¡¡the¡¡end¡¡of¡¡the¡¡street¡¡round¡¡the¡¡corner¡¡under¡¡the¡¡trees¡£
This¡¡current¡¡war¡spirit¡¡was¡¡strange¡£¡¡¡¡The¡¡people¡¡seemed¡¡to¡¡him¡¡to¡¡want¡¡to¡¡hear¡¡nothing¡¡but¡¡the¡¡sound¡¡of¡¡the¡¡drum¡¡and¡¡fife£»¡¡to¡¡see¡¡nothing¡¡but¡¡troops£»¡¡of¡¡which¡¡there¡¡were¡¡thousands¡¡now¡¡passing¡¡through¡¡on¡¡their¡¡way¡¡to¡¡the¡¡front£»¡¡carrying¡¡cold¡¡steel¡¡in¡¡the¡¡shape¡¡of¡¡guns¡¡at¡¡their¡¡shoulders£»¡¡to¡¡hear¡¡of¡¡war¡¡and¡¡the¡¡rumors¡¡of¡¡war¡£¡¡¡¡It¡¡was¡¡a¡¡thrilling¡¡sentiment£»¡¡no¡¡doubt£»¡¡great¡¡but¡¡unprofitable¡£¡¡¡¡It¡¡meant¡¡self¡sacrifice£»¡¡and¡¡he¡¡could¡¡not¡¡see¡¡that¡£¡¡If¡¡he¡¡went¡¡he¡¡might¡¡be¡¡shot£»¡¡and¡¡what¡¡would¡¡his¡¡noble¡¡emotion¡¡amount¡¡to¡¡then£¿¡¡He¡¡would¡¡rather¡¡make¡¡money£»¡¡regulate¡¡current¡¡political£»¡¡social¡¡and¡¡financial¡¡affairs¡£¡¡¡¡The¡¡poor¡¡fool¡¡who¡¡fell¡¡in¡¡behind¡¡the¡¡enlisting¡¡squadno£»¡¡not¡¡fool£»¡¡he¡¡would¡¡not¡¡call¡¡him¡¡thatthe¡¡poor¡¡overwrought¡¡working¡manwell£»¡¡Heaven¡¡pity¡¡him£¡¡¡Heaven¡¡pity¡¡all¡¡of¡¡them£¡¡¡They¡¡really¡¡did¡¡not¡¡know¡¡what¡¡they¡¡were¡¡doing¡£
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Chapter¡¡XI
It¡¡was¡¡while¡¡the¡¡war¡¡was¡¡on£»¡¡and¡¡after¡¡it¡¡was¡¡perfectly¡¡plain¡¡that¡¡it¡¡was¡¡not¡¡to¡¡be¡¡of¡¡a¡¡few¡¡days'¡¡duration£»¡¡that¡¡Cowperwood's¡¡first¡¡great¡¡financial¡¡opportunity¡¡came¡¡to¡¡him¡£¡¡¡¡There¡¡was¡¡a¡¡strong¡¡demand¡¡for¡¡money¡¡at¡¡the¡¡time¡¡on¡¡the¡¡part¡¡of¡¡the¡¡nation£»¡¡the¡¡State£»¡¡and¡¡the¡¡city¡£¡¡¡¡In¡¡July£»¡¡1861£»¡¡Congress¡¡had¡¡authorized¡¡a¡¡loan¡¡of¡¡fifty¡¡million¡¡dollars£»¡¡to¡¡be¡¡secured¡¡by¡¡twenty¡year¡¡bonds¡¡with¡¡interest¡¡not¡¡to¡¡exceed¡¡seven¡¡per¡¡cent¡££»¡¡and¡¡the¡¡State¡¡authorized¡¡a¡¡loan¡¡of¡¡three¡¡millions¡¡on¡¡much¡¡the¡¡same¡¡security£»¡¡the¡¡first¡¡being¡¡handled¡¡by¡¡financiers¡¡of¡¡Boston£»¡¡New¡¡York£»¡¡and¡¡Philadelphia£»¡¡the¡¡second¡¡by¡¡Philadelphia¡¡financiers¡¡alone¡£¡¡Cowperwood¡¡had¡¡no¡¡hand¡¡in¡¡this¡£¡¡¡¡He¡¡was¡¡not¡¡big¡¡enough¡£¡¡¡¡He¡¡read¡¡in¡¡the¡¡papers¡¡of¡¡gatherings¡¡of¡¡men¡¡whom¡¡he¡¡knew¡¡personally¡¡or¡¡by¡¡reputation£»¡¡¡¨to¡¡consider¡¡the¡¡best¡¡way¡¡to¡¡aid¡¡the¡¡nation¡¡or¡¡the¡¡State¡¨£»¡¡but¡¡he¡¡was¡¡not¡¡included¡£¡¡¡¡And¡¡yet¡¡his¡¡soul¡¡yearned¡¡to¡¡be¡¡of¡¡them¡£¡¡¡¡He¡¡noticed¡¡how¡¡often¡¡a¡¡rich¡¡man's¡¡word¡¡sufficedno¡¡money£»¡¡no¡¡certificates£»¡¡no¡¡collateral£»¡¡no¡¡anythingjust¡¡his¡¡word¡£¡¡If¡¡Drexel¡¡&¡¡Co¡££»¡¡or¡¡Jay¡¡Cooke¡¡&¡¡Co¡££»¡¡or¡¡Gould¡¡&¡¡Fiske¡¡were¡¡rumored¡¡to¡¡be¡¡behind¡¡anything£»¡¡how¡¡secure¡¡it¡¡was£¡¡¡Jay¡¡Cooke£»¡¡a¡¡young¡¡man¡¡in¡¡Philadelphia£»¡¡had¡¡made¡¡a¡¡great¡¡strike¡¡taking¡¡this¡¡State¡¡loan¡¡in¡¡company¡¡with¡¡Drexel¡¡&¡¡Co¡££»¡¡and¡¡selling¡¡it¡¡at¡¡par¡£¡¡¡¡The¡¡general¡¡opinion¡¡was¡¡that¡¡it¡¡ought¡¡to¡¡be¡¡and¡¡could¡¡only¡¡be¡¡sold¡¡at¡¡ninety¡£¡¡Cooke¡¡did¡¡not¡¡believe¡¡this¡£¡¡¡¡He¡¡believed¡¡that¡¡State¡¡pride¡¡and¡¡State¡¡patriotism¡¡would¡¡warrant¡¡offering¡¡the¡¡loan¡¡to¡¡small¡¡banks¡¡and¡¡private¡¡citizens£»¡¡and¡¡that¡¡they¡¡would¡¡subscribe¡¡it¡¡fully¡¡and¡¡more¡£¡¡¡¡Events¡¡justified¡¡Cooke¡¡magnificently£»¡¡and¡¡his¡¡public¡¡reputation¡¡was¡¡assured¡£¡¡¡¡Cowperwood¡¡wished¡¡he¡¡could¡¡make¡¡some¡¡such¡¡strike£»¡¡but¡¡he¡¡was¡¡too¡¡practical¡¡to¡¡worry¡¡over¡¡anything¡¡save¡¡the¡¡facts¡¡and¡¡conditions¡¡that¡¡were¡¡before¡¡him¡£
His¡¡chance¡¡came¡¡about¡¡six¡¡months¡¡later£»¡¡when¡¡it¡¡was¡¡found¡¡that¡¡the¡¡State¡¡would¡¡have¡¡to¡¡have¡¡much¡¡more¡¡money¡£¡¡¡¡Its¡¡quota¡¡of¡¡troops¡¡would¡¡have¡¡to¡¡be¡¡equipped¡¡and¡¡paid¡£¡¡¡¡There¡¡were¡¡measures¡¡of¡¡defense¡¡to¡¡be¡¡taken£»¡¡the¡¡treasury¡¡to¡¡be¡¡replenished¡£¡¡¡¡A¡¡call¡¡for¡¡a¡¡loan¡¡of¡¡twenty¡three¡¡million¡¡dollars¡¡was¡¡finally¡¡authorized¡¡by¡¡the¡¡legislature¡¡and¡¡issued¡£¡¡¡¡There¡¡was¡¡great¡¡talk¡¡in¡¡the¡¡street¡¡as¡¡to¡¡who¡¡was¡¡to¡¡handle¡¡itDrexel¡¡&¡¡Co¡£¡¡and¡¡Jay¡¡Cooke¡¡&¡¡Co¡££»¡¡of¡¡course¡£
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