Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
Drew might have enjoyed life and the consolations of religion on the few
millions he had left if he had retired in company with his Bible and
Hymn Book, to some lovely, secluded spot in the peaceful vales of Putnam
county; but he was under the infatuation of some latent and mysterious
force or attraction, the victim of some potent spell, like the one in
whose weird grasp Nancy Sykes was firmly held when she essayed to get
away from the murderous “Bill,” as described by Dickens in Oliver Twist.
Drew came back to Wall Street, and saw and was vanquished, quite unlike
Cæsar.
When he returned to the “Street” after a few months absence, the scene
was greatly changed. His two pupils had shown themselves to be such apt
scholars, that in the interim they had exceeded the wildest dreams of
avarice that ever their able preceptor had conjured up or inculcated. In
four months Gould and Fisk had inflated the capital stock of Erie from
34 millions to 57 millions. No doubt, Uncle Daniel was astounded at
their progress, and his feelings can be better imagined than described
when, in the presence of this marvellous increase of wealth, he
reflected that he was no longer treasurer of Erie, and had neither lot
nor part in its unprecedented prosperity.
His natural propensity to operate, however, was still strong, but when
he again tried his hand at speculation, it seemed to have lost its
cunning, and he felt almost as much disappointed as Rip Van Winkle did
when he awoke in Sleepy Hollow, after his twenty years’ nap, and began
to examine the changed aspect of the country in the vicinity of
Irvington, now Gould’s country seat.
The speculative tactics in operation had been changed, and he soon found
that it was a losing game to go on the bear side of the market. He was
invited into the pool by his old partners, to have a little practice at
the popular game of spider and fly. Drew had been the spider for a long
time who had inveigled the unwary flies from every direction into his
insidious net. He was now asked to assume the role of a fly, while his
former pupils played spiders. In plain terms, he was coolly requested to
go into a “blind pool” in Erie, deposit four millions, shut his eyes and
open his mouth, leaving the Erie sharpers to put taffy or candy into it,
just as they pleased.
Public-domain text, read in full here on John Shaqi.
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