A Week in Wall Street: By One Who KnowsJackson, Frederick
General
A Week in Wall Street: By One Who Knows
Jackson, Frederick
Wall Street (New York, N.Y.)
The committee of examination, without waiting to come to their senses,
adjourned “sine die.” The city wall had been broken down, and its
materials were all scattered about in delightful confusion. A complete
inroad had been made on the hitherto peaceful and happy homes of the
Dutchmen. They had lost all the money invested in the company, with the
melancholy satisfaction that it would cost them as much more to clear
away the rubbish; and the street was left to the slow progress of time,
to assume its present magnificent appearance.
HONORABLE END OF SINGLE-EYE.
It is remarkable, that such fatal results to the first experiment,
should not have proved a death blow to all similar enterprises in
future. But the Dutchmen overcame their misfortunes by patience and
industry. The memory of their wrongs was all washed away by the
soothing lethe of time, and their follies were all buried in the deep
dark valley of the land of forgetfulness. Mr. Single-Eye, and Mr.
Broker, ever afterwards fared sumptuously every day. They lived long
and died lamented; and the tablet to their memory, lately removed from
the Garden-street church yard, was inscribed with this motto: “Money is
good, fame is good, but to know how to improve the follies of others is
better than either.” And their descendants, learning wisdom from this
law, have ever since continued to follow their example.
THE MORRISON KENNEL.
And now, my dear readers, having initiated you into the origin of
stock companies and brokers, as well as the phrase and practice of
Wall-street, in my next chapter I will give you the history of the
“Morrison Kennel”—a company that has exhibited so many of the phases
of human nature, that some have said that “old Nick” must have had a
hand in it. If you expect that the dogs of this Kennel will prove to be
hounds, I will tell you beforehand, that they are the veriest puppies
in cowardice, treachery, and meanness, while they are perfect wolves in
voracity; as will be proved by the perfectly denuded bones of the dead
but stall-fed ass, which they have just forsaken.
If any one is curious to know from whence I got all this information,
I will tell him. I received it from a venerable chronicler of the
age, who has the old manuscript in his possession, and who now visits
Wall-street daily to mark the passing events. He has agreed to meet
me there every day for a week, where he will reveal to me the history
aforesaid, and such other matters as his experience and observation may
suggest.
FOOTNOTE:
[2] See Boswell’s posthumous edition.
CHAPTER II.
THE HISTORY OF THE MORRISON KENNEL—NICHOLAS THE 1ST—A STOCK
SPECULATION, &C.
Public-domain text, read in full here on John Shaqi.
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