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The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from The Riverman by Stewart Edward White: It may now be permitted to forecast events in the line of Newmark's
reasoning.
If his plans should work out, this is what would happen: in 1883 the
firm's note for $75,000 would come due. Orde would be unable to pay
it. Therefore at once his stock in the Boom Company would become
the property of Newmark and Orde. Newmark would profess himself
unable to raise enough from the firm to pay the mortgage. The
second mortgage from which he had drawn his personal loan would
render it impossible for the firm to raise more money on the land.
A foreclosure would follow. Through Heinzman, Newmark would buy in.
As he had himself loaned the money to himself--again through
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