FREE BOOKS

Author's List




PREV.   NEXT  
|<   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27  
28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   >>   >|  
has quitted school and entered the office of a thrifty broker--perhaps a warm friend of his father, who hugs the keenly American doctrine that a youth should be put in the way of piling dollars together as quickly as possible after he leaves the educational leash. By degrees this young man will discover that the only difference between Wall Street and a huge, crowd-engirt gaming-table is one between simplicity and complexity. He will see that the play of the former is far more difficult to learn and that it requires a number of _croupiers_ instead of one. He will see that these _croupiers_ are in most cases men whose names posterity will hand down, if it hands them down at all, as those of stony egotists, and sometimes of gigantic thieves. He will gradually gain insight into certain of their methods, as when, only a few years back, one or two of them seized an entire railroad under cover of what was the merest parody of purchase and opposed both to law and to public policy, afterward defending their outrage in the courts through the brazen aid of venal judges and bringing to Albany (headquarters of their attempted theft) a great carload of New York ruffians, each with a proxy in his soiled and desperate hand--an instrument almost as illegal as the pistol which those hands had doubtless too often fingered if not fired amid the squalor of their owners' native slums.[1] [1] It is a fact that the late James Fisk, Jr., was appointed by Judge Barnard, of New York, receiver of a railway (the Albany and Susquehanna) which lay a hundred miles outside of that magistrate's judicial district. The neophyte in speculators' creeds and customs may amuse himself, however, with reminiscences like the preceding only in a sense of that proud historic retrospect which concerns past radiant records of "the street." He may, if so minded, con other pages of its noble archives, and dazzle his young brain with admiration for the shining exploits of "Black Friday," an occasion when greed held one of its most sickening revels, and a clique of merciless financiers gathered together so many millions of gold coin that its price bred fright among the holders of depreciating stocks. Agony, ruin, the demolition of firesides, resulted from this infamous "corner" wrought by a league of miserly zealots. But our young student of Wall Street annals will soon harden his nerves against any silly commiseration. As well s
PREV.   NEXT  
|<   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27  
28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   >>   >|  



Top keywords:
Street
 

croupiers

 

Albany

 

Susquehanna

 
preceding
 
reminiscences
 

historic

 
retrospect
 

fingered

 

radiant


concerns

 

hundred

 
native
 

owners

 
squalor
 
judicial
 

district

 

railway

 
magistrate
 

receiver


Barnard

 

neophyte

 

appointed

 
customs
 

speculators

 
creeds
 

records

 

dazzle

 

resulted

 

infamous


corner

 

league

 
wrought
 

firesides

 

demolition

 

holders

 
depreciating
 
stocks
 

miserly

 

zealots


commiseration

 

nerves

 

harden

 

student

 
annals
 

fright

 
admiration
 

shining

 
exploits
 

doubtless