Capitalists and financiers -- Fiction; Gold -- Fiction; South America -- Fiction; Wall Street (New York, N.Y.) -- Fiction
“Various educational and other worthy institutions have been enriched
within a few weeks by anonymous gifts amounting, at a safe estimate, to
the vast sum of $22,000,000. There is good authority for saying that in
one or two instances the checks received by the beneficiaries have come
from the same banking house in this city which is credited with handling
the bulk of the vast deposits of gold at the Assay Office. It is a
reasonable inference that all these great benefactions have come from
the same treasury. There are not more than half a dozen private fortunes
in America large enough to afford charitable disbursements upon such a
scale. The owners of these fortunes have denied all knowledge of the
great donations. There is no good reason for doubting their word upon
this point.
“Messrs. Strong & Co. are the only persons who are known in connection
with this mysterious wealth. They refuse all information about the
origin and extent of the fabulous riches which they are distributing
broadcast, or about the identity of their principals. They are, of
course, thoroughly within their legal rights in declining to take the
public into their confidence. But the matter has become one of
tremendous public concern. The stability of trade, the money value of
every description of vested interests, in fact, the industrial,
commercial, and financial welfare of the country, all are directly
involved in the rapid manipulation of such vast sums. While admitting
that this modern Midas has used his power most beneficently thus far, it
should be pointed out that the possibilities of evil are enormous. In
simple self-protection, therefore, the public is justified in seeking by
all honorable means to learn what portends from the same source.
“Taking into consideration all the circumstances, the conclusion is
forced upon any reasonable mind that it is virgin treasure which is
dazzling the world. In other words, it is an outpouring of gold from
nature’s storehouse, and not from any of man’s reservoirs, that we are
witnessing. Thus far we are in utter ignorance of the location of the
new El Dorado. That it is a region of almost inconceivable richness has
been amply demonstrated. Nothing in the history of the Californian or
Australian gold-fields will compare with it. The secret has been so well
kept that it is impossible that it can be in the possession of many
persons. It is a fair inference, therefore, that the deposit is within
an extremely small area, and that the precious metal abounds there in an
almost pure state. But in what quantities? Is the supply inexhaustible?
The earth’s yield of gold is usually estimated in ounces. We now have it
supplied by the ton.
Public-domain text, read in full here on John Shaqi.
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