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 papers were handed to him, and, after being critically examined,
and found to be all right, the Yankee, still holding on to the papers,
from fear of not being able to bind his bargain otherwise, asked—
“Won’t you take no less, Mister?”
“No.”
“Well, I’ll take it, just make me the title.”
COME OVER BY A YANKEE.
The title was made out, and the money paid, when the defaulter,
surprised at the bargain, asked, “what did you buy that land at such a
price for? I would have sold it to you for half the money.”
“Why,” said the Yankee, “there’s a darned good lead mine on it.”
“There is, eh!—how much is it worth?”
“Well, I don’t know, but I’ve dug out ten thousand dollar’s worth
a’ready, and I expect to get a great deal more.”
“The d——l you do?”
“Yes—good bye, Squire.”
Report says that this was the only valuable piece of land the defaulter
ever bought, and that this was all the money he ever got back again,
from all his investments. I have even heard it whispered that this
same Yankee was one of the speculators concerned in making the large
sale to him, in the first place, and that the “throwing it in,” was
but the cast of a die, to bind a profitable bargain, trusting to their
ingenuity to get it back again; and, having cheated him at any rate,
whether they should get it again, or not.
DOCTRINE OF CHANCES.
A mind as cool, even, as the defaulter’s, could hardly retain its just
balance, under such accumulations of misfortune, and accordingly, we
find him sometimes afflicted with gloomy forebodings of the future,
sometimes brooding over the disappointments of the past; and always
taking that course that will lead him deeper into difficulty.
Whether it is right or prudent for a man involved in embarrassment
to attempt to relieve himself by a single coup de main, may be a
very fruitful theme for those who like to calculate the doctrine of
chances; but, in my opinion, a chance, which may be operated upon in
so many ways, as may the rise or fall of property, or the success of
speculation of any kind—and, instead of being governed by any such
natural laws as may be supposed to belong to chance, wherein the
_aggregate_ results must be always the same, although we do not know
before hand how they will come up particularly, is overruled and
affected, more or less, by the changing opinions and volition of almost
every one in the community—deserves not the name, even of chance,
and, in my opinion, involves the certainty and necessity of failure.
And, although such a thing hath been as success in this way, yet all
my experience goes to show me, that the “chance,” so called, is not as
one in the hundred. The fact that a man is embarrassed signifies, also,
that he is unable to control his affairs, and, if he cannot control
them in the state they are, their expansion, out of his legitimate
course, will not help him much.
TRUE SECRET OF SUCCESS.
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