A Week in Wall Street: By One Who Knows — John Shaqi
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.)
Yes, he’d try a land speculation, east and west—honest man!—he
never thought how much easier it was for one of these landlopers,
to make a city in the woods on paper, than to be at the trouble of
cutting the timber all down, and building it up again into houses,
stores, churches, and academies. And that even a flowing river with
beautiful falls, and “mill privileges,” with fertile valleys skirting
its chrystal waters, could be made, where nature had never taken
that trouble, in a thousandth part of the time that De Witt Clinton
could make a sluggish canal. In short he wanted the experience, which
has proved these Yankee land speculators to be the genuine breed of
land-sharks, which sailors so much detest for their cunning, and
voracious propensities, and who, to use one of their own descriptions
of themselves—“are as much sharper, than a Wall-street sharper, as
a Wall-street sharper, is sharper than a needle.” But the decision
once made by the defaulter, his practice was to go ahead, and he
usually left out the preliminary of the renowned Crocket, as implying
a disagreeable necessity. If he was _not wrong_, he _must_ be _right_,
was the result of his logical reasoning; and certainly, no more
self-evident conclusion was ever drawn from premises.
With the accuracy of judgment, therefore, which might be expected
in such a case, he bought lands, to a very large extent, in various
sections of the country, along with the most _respectable_ companies,
and from the handsomest drawn maps he could find.
An anecdote occurred about this time, which I believe has once got into
the newspapers, but it is too good not to be repeated here, especially,
as it will show to future generations, the value of a clean and
handsomely drawn map—in other words, that it is better to do things
well, than to do them clumsily.
ANECDOTE.
The defaulter had in his possession, a title to an old soldier’s
patent, the papers of which had been carried in a dirty pocket book,
and handled with dirty hands, until the location of the patent could
hardly be distinguished on the map. It had been “thrown in to him,” to
bind a bargain with some speculators, much the same as a huckster woman
puts on to the measure too peaches more, when she sees her customer
about to depart. He esteemed it of very little value, and thought no
more of it, until one day a stalwart Yankee, with slouched hat, came
into his office, and, says he, “mister hain’t you got a piece of land
there in Miss-soori, up on the Black river. Yes, was the reply, after a
moment’s reflection.”
A YANKEE.
“Well mister, what will you take now, for that are land?”
The defaulter, who had begun to understand, a little of the mode of
bargaining practiced by these men, answered “a thousand dollars,”
though he would have accepted five hundred.
“Did you say a thousand dollars, mister?”
“Yes.”
“That’s raither high. Jest let me see them are papers, mister.”
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account