buy, and for five minutes they discussed its shade, texture and design. Having exhausted this topic, Mrs Srivastava said, ‘Do you know, my dear, that Seth Govind Ram’s bank can’t even pay its employees? Only this morning I heard a complaint from their sweeper, who hasn’t received his wages for over a month!’
‘Shocking!’ remarked Mrs Bhushan. ‘If they can’t pay the sweeper they must be in a bad way. None of the others could be getting paid either.’
She left Mrs Srivastava at the tamarind tree and went in search of her husband, who was sitting in front of Kamal Kishore’s photographic shop, talking to the owner.
‘So there you are!’ cried Mrs Bhushan. ‘I’ve been looking for you for almost an hour. Where did you disappear?’
‘Nowhere,’ replied Mr Bhushan. ‘Had you remained stationary in one shop, I might have found you. But you go from one shop to another, like a bee in a flower garden.’
‘Don’t start grumbling. The heat is trying enough. I don’t know what’s happening to Pipalnagar. Even the bank’s about to go bankrupt.’
‘What’s that?’ said Kamal Kishore, sitting up suddenly. ‘Which bank?’
‘Why the Pipalnagar Bank, of course. I hear they have stopped paying employees. Don’t tell me you have an account there, Mr Kishore?’
‘No, but my neighbour has!’ he exclaimed; and he called out over the low partition to the keeper of the barber shop next door. ‘Deep Chand, have you heard the latest? The Pipalnagar Bank is about to collapse. You better get your money out as soon as you can!’
Deep Chand, who was cutting the hair of an elderly gentleman, was so startled that his hand shook and he nicked his customer’s right ear. The customer yelped in pain and distress: pain, because of the cut, and distress, because of the awful news he had just heard. With one side of his neck still unshaven, he sped across the road to the general merchant’s store where there was a telephone. He dialled Seth Govind Ram’s number. The Seth was not at home. Where was he, then? The Seth was holidaying in Kashmir. Oh, was that so? The elderly gentleman did not believe it. He hurried back to the barber’s shop and told Deep Chand: ‘The bird has flown! Seth Govind Ram has left town. Definitely, it means a collapse.’ And then he dashed out of the shop, making a beeline for his office and chequebook.
The news spread through the bazaar with the rapidity of forest fire. At the general merchant’s it circulated amongst the customers, and then spread with them in various directions, to the betel seller, the tailor, the free vendor, the jeweller, the beggar sitting on the pavement.
Old Ganpat, the beggar, had a crooked leg. He had been squatting on the pavement for years, calling for alms. In the evening someone would come with a barrow and take him away. He had never been known to walk. But now, on learning that the bank was about to collapse, Ganpat astonished everyone by leaping to his feet and actually running at top speed in the direction of the bank. It soon became known that he had a thousand rupees in savings!
Men stood in groups at street corners discussing the situation. Pipalnagar seldom had a crisis, seldom or never had floods, earthquakes or drought; and the imminent crash of the Pipalnagar Bank set everyone talking and speculating and rushing about in a frenzy. Some boasted of their farsightedness, congratulating themselves on having already taken out their money, or on never having put any in; others speculated on the reasons for the crash, putting it all down to excesses indulged in by Seth Govind Ram. The Seth had fled the state, said one. He had fled the country, said another. He was hiding in Pipalnagar, said a third. He had hanged himself from the tamarind tree, said a fourth, and had been found that morning by the sweeper boy.
By noon the small bank had gone through all its ready cash, and the harassed manager was in a dilemma. Emergency funds could only be
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