Better days; or, A Millionaire of To-morrowFitch, Thomas
Philosophy
Better days; or, A Millionaire of To-morrow
Fitch, Thomas
Utopias -- Fiction; West (U.S.) -- Fiction
They had no reason to expect that relief would come from any other
source, and the appearance and action of Morning burst upon them like a
revelation. Here was a man who was a new-comer to fortune and to
finance, a man who had devoted the immense revenues of his mine to
beneficent rather than business purposes, and who was above the
necessity or the temptation of increasing his wealth by speculation. His
presence in the Board, and his bid of $30 a share for Atchison,
demonstrated that he knew of the Claybank-Gray-Wolf conspiracy, and that
he proposed to baffle it. He must have measured the forces of the
members of the syndicate and be advised as to the amount of money
necessary to meet them. Possibly he had found a way to unlock the
federal treasury, or had from some source obtained the necessary
millions. Certainly he had obtained them or he would never have thus
challenged the magnates of Wall Street to combat. Clearly, the panic was
at an end, the man from Arizona was about to lead them out of the
wilderness.
And they shouted, and roared, and cried, and hugged each other, and
mashed each others’ hats, and marched up and down and around the floor,
and joined hands and danced around Morning, and disregarded all calls to
order, and were finally quieted only when Morning, escorted by the
President of the Stock Exchange, ascended the stand.
The President, as soon as silence was secured, said:—
“Gentlemen, it seems to be the general wish that the regular call shall
be temporarily suspended, and that we shall hear from Mr. David
Morning.”
That gentleman, after the roar of greeting had subsided, said:—
“GENTLEMEN: I think you will agree with me in believing that the prices
of securities listed on this exchange have, during the past week, ruled
altogether too low. I propose to put an end to this condition of things,
which ought never to have been brought about, and I have authorized my
brokers here to offer, during to-day and to-morrow, and for the rest of
this week, to purchase, to the extent of $700,000,000, any and all
railroad stocks listed on this Exchange, at the prices which ruled at
the close of the board on Saturday week, before the panic began.”
A great cheer went up from the throats of the multitude, and, after it
subsided, Isaiah Wolf, livid with rage and excitement, arose and
exclaimed:—
“Does this lunatic then expect to make fools of us all? Is it to be
beliefed dot this crazy man has got seven huntret millions of tollars in
cash to buy stocks mit? His golt mine has turned his prain. It vos
better dot we don’t all pe too fresh apout this pizness.”
Morning quietly continued:—
Public-domain text, read in full here on John Shaqi.
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