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
The Farmers' Commercial Association, a "combination in restraint of
trade" which was well protected by the fear-inspiring farmer vote, met
monthly, and Wallingford ran in to the meetings as often as he could,
though there was no need to sustain their enthusiasm; for not only was
the plan one of such tremendous scope as to compel admiration, but
Nature and circumstances both were kind. There came the usual early
rumors of a drought in Kansas, of over-much rotting rain in the Dakotas,
of the green bug in Oklahoma, of foreign wars and domestic disturbances,
and these things were good for the price of wheat, as they were
exaggerated upon the floors of the great boards of trade in Chicago and
New York. Through these causes alone September wheat climbed from
eighty-seven to ninety, to ninety-five, to a dollar, to a dollar-five;
but in the latter part of July there came a new and an unexpected
factor. Dollar-and-a-half wheat had been the continuous slogan of the
Farmers' Commercial Association, and every issue of the _Commercial
Farmer_ had dwelt upon the glorious day when that should be made the
standard price. Now, in the mid-July issue, the idea was driven home and
the entire first page was given up to a great, flaming advertisement:
HOLD YOUR WHEAT!
SEPTEMBER WHEAT WILL GO TO
$1.50!
DON'T SELL A BUSHEL OF IT FOR LESS!
The result was widespread and instantaneous. In Oklahoma a small farmer
drove up to the elevator and asked:
"What's wheat worth to-day?"
"A dollar, even," was the answer.
"This is all you get from me at that price," said the farmer, "and you
wouldn't get this if I didn't need fifty dollars to-day. Take it in."
"Think wheat's going higher?" asked the buyer.
"Higher! It's going to a dollar and a half," boasted the farmer. "I got
twelve hundred bushels at home, and nobody gets it for a cent less than
eighteen hundred dollars."
"You'd better see a doctor before you drive back," advised the elevator
man, laughing.
Over in Kansas at one of the big collecting centers the telephone bell
rang.
"What's cash wheat worth to-day?"
"Dollar-one."
"A dollar-one! I'll hold mine a while."
"Better take this price while you can get it," advised the shipper. "Big
crop this year."
"A dollar and a half's the price," responded the farmer on the other end
of the wire.
"Who is this?" asked the shipper.
"J. W. Harkness."
The man rubbed his chin. Harkness owned five hundred acres of the best
wheat land in Kansas.
Public-domain text, read in full here on John Shaqi.
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