city treasurer and asked to be loaned money at two and one-half per cent.?  If he had, was there anything criminal in it from a business point of view?  Isn’t a man entitled to borrow money from any source he can at the lowest possible rate of interest?  Did Mr. Stener have to loan it to Mr. Cowperwood if he did not want to?  As a matter of fact didn’t he testify here to-day that he personally had sent for Mr. Cowperwood in the first place?  Why, then, in Heaven’s name, this excited charge of larceny, larceny as bailee, embezzlement, embezzlement on a check, etc., etc.?

“Once more, gentlemen, listen.  I’ll tell you why.  The men who stood behind Stener, and whose bidding he was doing, wanted to make a political scapegoat of some one—­of Frank Algernon Cowperwood, if they couldn’t get any one else.  That’s why.  No other reason under God’s blue sky, not one.  Why, if Mr. Cowperwood needed more money just at that time to tide him over, it would have been good policy for them to have given it to him and hushed this matter up.  It would have been illegal—­though not any more illegal than anything else that has ever been done in this connection—­but it would have been safer.  Fear, gentlemen, fear, lack of courage, inability to meet a great crisis when a great crisis appears, was all that really prevented them from doing this.  They were afraid to place confidence in a man who had never heretofore betrayed their trust and from whose loyalty and great financial ability they and the city had been reaping large profits.  The reigning city treasurer of the time didn’t have the courage to go on in the face of fire and panic and the rumors of possible failure, and stick by his illegal guns; and so he decided to draw in his horns as testified here to-day—­to ask Mr. Cowperwood to return all or at least a big part of the five hundred thousand dollars he had loaned him, and which Cowperwood had been actually using for his, Stener’s benefit, and to refuse him in addition the money that was actually due him for an authorized purchase of city loan.  Was Cowperwood guilty as an agent in any of these transactions?  Not in the least.  Was there any suit pending to make him return the five hundred thousand dollars of city money involved in his present failure?  Not at all.  It was simply a case of wild, silly panic on the part of George W. Stener, and a strong desire on the part of the Republican party leaders, once they discovered what the situation was, to find some one outside of Stener, the party treasurer, upon whom they could blame the shortage in the treasury.  You heard what Mr. Cowperwood testified to here in this case to-day—­that he went to Mr. Stener to forfend against any possible action of this kind in the first place.  And it was because of this very warning that Mr. Stener became wildly excited, lost his head, and wanted Mr. Cowperwood to return him all his money, all the five hundred thousand dollars he had loaned him at two and one-half per cent.  Isn’t that silly financial business at the best?  Wasn’t that a fine time to try to call a perfectly legal loan?