Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
A full and correct history of Keene’s beneficences would fill this
volume, and however much I admire him, I cannot afford to give him so
much space.
I shall relate one remarkable instance of his unbounded generosity,
however, as the object has been so universally known, and was himself
such a popular society man.
Long prior to Mr. Keene’s advent in Wall Street, Sam Ward had been a
conspicuous figure in Washington and Wall Street, and had acquired a
society reputation in Europe.
This gentleman was originally forced into prominence by his marriage
with Miss Astor.
Mr. Ward had changed from one thing to another until finally he took up
his abode in Washington, and became a lobbyist.
When Mr. Keene came to New York with his four millions of dollars, which
he had made when the majority of New York investors had been on the
losing side, dropping their money almost as fast as water runs down
hill, through the unprecedented shrinkage in values, there was a wide
field for profitable investment. This shrinkage had been going on from
the panic of 1873, step by step downward until 1878, when society had
reached a stratum by dint of levelling down that placed almost everybody
upon an equality. Property, in many instances, became a serious
encumbrance instead of a benefit, and many were glad to be rid of the
responsibility of their holdings for what was sufficient to settle the
mortgage. Everybody felt poor, and was really so, with a few fortunate
exceptions.
Mr. Keene arrived here at the most fortunate moment for investment.
Everything was down to bed-rock prices. He, therefore, became an object
of actual curiosity, and was as much of a lion in our midst as he had
been in San Francisco.
He was not only the favorite of fortune, but a favorite of society,
which generally go together with curious inconsistency in our social
democracy.
One of the first acquaintances Mr. Keene made on his arrival was this
great society man, the celebrated Sam Ward, who at once recognized his
social worth, not only in dollars and cents, but in considerable
liabilities, genuine representatives of dollars and cents. The more
tangibly he realized this fact the more tenacious was his attachment,
until Mr. Keene found Mr. Ward the very _beau ideal_ of Scriptural
fraternity, namely, “a friend that sticketh closer than a brother.”
Wherever Keene appeared, though apparently alone, it was safe to bet
that Ward’s shadow could soon be seen.
It is said of Seneca, when he observed a house falling, and nobody near
it, that he asked: “Where is the woman?” So Keene’s presence naturally
suggested Ward to the mental vision of every Wall Street man and every
sporting man.
Whether it was up-town or down-town, at Newport, or in London, at the
Derby, or the Grand Prix, it was all the same, where Keene was, there
Ward soon appeared with the promptitude of the genius that stood before
Aladdin when he touched his wonderful lamp or rubbed his magic ring.
Public-domain text, read in full here on John Shaqi.
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