Get-Rich-Quick Wallingford: A Cheerful Account of the Rise and Fall of an American Business BuccaneerChester, George Randolph
General
Get-Rich-Quick Wallingford: A Cheerful Account of the Rise and Fall of an American Business Buccaneer
Chester, George Randolph
Businessmen -- Fiction; New York (N.Y.) -- Fiction; Swindlers and swindling -- Fiction
He was a wonderful man, this Wallingford, a genius, a martyr, a being
made in his entirety of the milk of human kindness and brotherly love;
but this rapidly growing organization that he had formed was more
wonderful still. They could see as plain as print what it would do for
them; they could see even plainer than print how, with the certain
knowledge of the price to which wheat would eventually rise, they could
safely dabble in fictitious wheat themselves, and by their enormous
aggregate winnings, obliterate all boards of trade. It was a conception
Titanic in its immensity, perfect in its detail, amazing in its
flawlessness, and not one among them who listened but went home that
night--J. Rufus Wallingford's seal-leather pocketbook in his pocket, J.
Rufus Wallingford's box of lace handkerchiefs on his wife's lap, J. Rufus
Wallingford's daintily dressed French doll in his little girl's arm,
J. Rufus Wallingford's toy engine in his little boy's hands--but foresaw,
not as in a dream but as in a concrete reality that needed only to be
clutched, the future golden success of the Farmers' Commercial
Association; and on the forehead of that success was emblazoned in
letters of gold:
"$1.50 WHEAT!"
CHAPTER XXIV
THE FARMERS' COMMERCIAL ASSOCIATION DOES TERRIFIC THINGS TO THE BOARD OF
TRADE
The holidays barely over, Wallingford was upon the road again, and until
the first of May he spent his time organizing new branches, keeping the
endless chain letters booming and taking subscriptions for his new
journal, the _Commercial Farmer_, a device by which he had solved the
grave problem of postage. The _Commercial Farmer_ was issued every two
weeks. It was printed on four small pages of thin paper, and to make it
second-class postal matter a real subscription price was charged--five
cents a year! For this he paid postage of one cent a pound, and there
were eighty copies to the pound. He could convey his semi-monthly
message to a million people at a cost of one hundred and twenty-five
dollars, as against the ten thousand dollars it would cost him to mail a
million letters with a one-cent stamp upon them. And five cents a year
was enough to pay expenses. On the first of May, the enterprising
promoter, who seriously aspired now to become a financial star of the
first magnitude, took a swift thousand-mile journey to the offices of
Fox & Fleecer, where Mr. Fox, polishing, as always, at his glazed scalp,
was still intent upon that bland but perplexing secret problem. Mr.
Wallingford, as a preliminary to conversation, drew his chair up to the
opposite side of the desk and laid upon it a check book and a package of
documents with a rubber band around them. "Four hundred and twenty-five
thousand dollars in cash and negotiable securities," he stated, "and all
to buy September wheat."
Mr. Fox said nothing, but unconsciously his palm went to the top of his
head.
Public-domain text, read in full here on John Shaqi.
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