Explore "Get-Rich-Quick Wallingford" by George Randolph Chester on Textopian. Read with annotations and highlights.
The name of Meers was magic. It is quite probable that the magnetic Wallingford would have been able to carry through his proposed consolidation alone; but with the fifth ward alderman to back him his work was easy. A few of the small dealers were afraid of Meers, but they were also afraid to stay out; for the most part, however, they were glad to enter into any combination with him, particularly since it was tacitly understood that this would open up to them the much coveted "ping pong" privilege, an attraction which not only increased the sale of goods but gave an additional hundred per cent. of profit.
The first steps in the incorporation were taken the next day after the interview of Wallingford and Meers, and within a few days the Retail Cigar Dealers' Consolidation was formally effected, even to the trifling little mummeries which covered the state's requirement of a certain percentage of "fully paid up stock. " Wallingford's share of the initial expense was one hundred dollars, but he had no mind to give up any of his precious pocket money at this time.