Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
In making these remarks I have no intention of throwing any reflection
upon Mr. George Gould, who seems to be a very promising young man for a
rich man’s son. His careful education has, no doubt, done much to
counteract the drawbacks incident to the sons of wealthy men to which I
have referred more fully in another part of this book. His maternal
training, I understand, has been of the most exemplary kind. This will
go far to offset the disadvantages to a business career, which the
accident of his birth in luxurious surroundings, according to my theory,
otherwise entails. If his brain is composed of the genuine plastic
material out of which the craniums of successful financiers are made, he
may learn to forget that he has been nursed in the lap of luxury, and
look back with due respect to the hole whence his father was digged and
the rock whence he was hewn. He may have brains enough, possibly, to
reflect with more pride on that ingenious mousetrap that first brought
his father into prominence, than the gew-gaws of the gilded palace in
Fifth avenue, the luxuries of the handsome parlors and rich
conservatories at Irvington, and the gorgeous trappings of his father’s
yacht and palace cars. I have, therefore, great hopes that George will
be a conspicuous exception to the rule I have propounded elsewhere
regarding rich men’s sons.
When a large mercantile firm buys up goods in any line so that nobody
else has the same goods, it then has a “corner” in these goods.
“Corners” in goods differ from “corners” in Wall Street in regard to
their influence on the organizers. They don’t act like a boomerang as
the Wall Street “corners” mostly do. The “corner” is sometimes sustained
during the life of the manipulator, as in the case of Mr. Stewart.
The successors of the great operators sometimes maintain it, but in this
instance Judge Hilton made a signal failure, though in some respects he
is a far abler man than Stewart was. Yet, he had not the genius, for
working “corners,” of his eminent predecessor. He is, probably, so well
learned in the law that he has too much inclination to go around the
“corners.”
Public-domain text, read in full here on John Shaqi.
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