A Captain of Industry: Being the Story of a Civilized ManSinclair, Upton
General
A Captain of Industry: Being the Story of a Civilized Man
Sinclair, Upton
Industrialists -- Fiction; United States -- Fiction
And van Rensselaer, mad, drunk, and blind with passion, shook his hands
in the air and screamed in frenzy, "Down! down with them! Down! Jump on
them! Pound them! _Go on! go on!_" He knew now that it was victory; he
could feel it in the air--the panic, the wild, raging, mad tornado that
uproots all things on its way. It had begun--it had begun! There were no
more takers--the enemy was retreating--the rout was on! And so he yelled
and laughed in delirium; and the crowd, crushed tightly about the post,
went mad likewise, with terror or joy, as the case might be. There were
men there who were losing a million with every point--the millions that
van Rensselaer was winning. And they saw defeat and ruin glaring at them
with fiery eyes. So they raged and screamed for some one to buy T. &
S.--to buy it at one fifty-six! to buy it at one fifty-five! to buy it
at one fifty-three! And there was no longer any one to buy it at any
price.
So it was that the hurricane burst, in all its fury; it was not a panic,
it was chaos and destruction let loose. The stock was "turned" at last;
its supporters beaten; and the public, the great terror-stricken public,
plunged in to overwhelm it. The price went no longer by fractions, no
longer even by points; it went by three points, by five points, by ten
points. Its speed was regulated by nothing but the time it took
electricity to spread the panic through the whole country, for messages
to come in bidding brokers to sell at any price. And in the meantime,
of course, there stood van Rensselaer's bull-voiced agent hammering it
down by five and by ten points at a bound with his twenty thousand
shares to sell.
The mad frenzy had gone on until van Rensselaer could no longer bear the
strain, and backed out of the crowd and sat down and laughed and sobbed
like an overwrought child. It was half an hour before he could command
himself again; and then T. & S. was at seventy-six, and finding takers
at last! That meant that the "shorts" were "covering," buying the stock
they needed, and reaping their rewards; and so the awful panic at last
was coming to an end. Van Rensselaer had estimated the true value of T.
& S. at ninety, and so he sought out his brokers and bade them buy all
there was to be had.
XXXIII
Public-domain text, read in full here on John Shaqi.
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