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As
Cowperwood
suspected
,
what
old
Laughlin
did
not
know
about
Chicago
financial
conditions
,
deals
,
opportunities
,
and
individuals
was
scarcely
worth
knowing
.
Being
only
a
trader
by
instinct
,
neither
an
organizer
nor
an
executive
,
he
had
never
been
able
to
make
any
great
constructive
use
of
his
knowledge
.
His
gains
and
his
losses
he
took
with
reasonable
equanimity
,
exclaiming
over
and
over
,
when
he
lost
:
"
Shucks
!
I
had
n't
orter
have
done
that
,
"
and
snapping
his
fingers
.
When
he
won
heavily
or
was
winning
he
munched
tobacco
with
a
seraphic
smile
and
occasionally
in
the
midst
of
trading
would
exclaim
:
"
You
fellers
better
come
in
.
It
's
a-gonta
rain
some
more
.
"
He
was
not
easy
to
trap
in
any
small
gambling
game
,
and
only
lost
or
won
when
there
was
a
free
,
open
struggle
in
the
market
,
or
when
be
was
engineering
some
little
scheme
of
his
own
.
The
matter
of
this
partnership
was
not
arranged
at
once
,
although
it
did
not
take
long
.
Old
Peter
Laughlin
wanted
to
think
it
over
,
although
he
had
immediately
developed
a
personal
fancy
for
Cowperwood
.
In
a
way
he
was
the
latter
's
victim
and
servant
from
the
start
.
They
met
day
after
day
to
discuss
various
details
and
terms
;
finally
,
true
to
his
instincts
,
old
Peter
demanded
a
full
half
interest
.
"
Now
,
you
do
n't
want
that
much
,
Laughlin
,
"
Cowperwood
suggested
,
quite
blandly
.
They
were
sitting
in
Laughlin
's
private
office
between
four
and
five
in
the
afternoon
,
and
Laughlin
was
chewing
tobacco
with
the
sense
of
having
a
fine
,
interesting
problem
before
him
.
"
I
have
a
seat
on
the
New
York
Stock
Exchange
,
"
he
went
on
,
"
and
that
's
worth
forty
thousand
dollars
.
My
seat
on
the
Philadelphia
exchange
is
worth
more
than
yours
here
.
They
will
naturally
figure
as
the
principal
assets
of
the
firm
.
It
's
to
be
in
your
name
.
I
'll
be
liberal
with
you
,
though
.
Instead
of
a
third
,
which
would
be
fair
,
I
'll
make
it
forty-nine
per
cent.
,
and
we
'll
call
the
firm
Peter
Laughlin
&
Co.
.
I
like
you
,
and
I
think
you
can
be
of
a
lot
of
use
to
me
.
I
know
you
will
make
more
money
through
me
than
you
have
alone
.
I
could
go
in
with
a
lot
of
these
silk-stocking
fellows
around
here
,
but
I
do
n't
want
to
.
You
'd
better
decide
right
now
,
and
let
's
get
to
work
.
Old
Laughlin
was
pleased
beyond
measure
that
young
Cowperwood
should
want
to
go
in
with
him
.
He
had
become
aware
of
late
that
all
of
the
young
,
smug
newcomers
on
'
change
considered
him
an
old
fogy
.
Here
was
a
strong
,
brave
young
Easterner
,
twenty
years
his
junior
,
evidently
as
shrewd
as
himself
--
more
so
,
he
feared
--
who
actually
proposed
a
business
alliance
.
Besides
,
Cowperwood
,
in
his
young
,
healthy
,
aggressive
way
,
was
like
a
breath
of
spring
.
"
I
ai
n't
keerin
'
so
much
about
the
name
,
"
rejoined
Laughlin
.
"
You
can
fix
it
that-a-way
if
you
want
to
.
Givin
'
you
fifty-one
per
cent
.
gives
you
charge
of
this
here
shebang
.
All
right
,
though
;
I
ai
n't
a-kickin
'
.
I
guess
I
can
manage
allus
to
git
what
's
a-comin
'
to
me
.
"
It
's
a
bargain
,
then
,
"
said
Cowperwood
.
"
We
'll
want
new
offices
,
Laughlin
,
do
n't
you
think
?
This
one
's
a
little
dark
.
"
"
Fix
it
up
any
way
you
like
,
Mr.
Cowperwood
.
It
's
all
the
same
to
me
.
I
'll
be
glad
to
see
how
yer
do
it
.
"
In
a
week
the
details
were
completed
,
and
two
weeks
later
the
sign
of
Peter
Laughlin
&
Co
