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
That was the thing which held them all in line--the tack! Wallingford
himself might be a spendthrift and a ne'er-do-well, but their faith in
the tack that was to make them all rich was supreme. Lamb picked up one
from his desk and handed it to his friend. The very sight of it, with
its silken covered top, imagination carrying it to its place in a carpet
where it would not show, was most reassuring, and behind it, looming up
like the immense open cornucopia of Fortune herself, was the Eureka
Company, the concern that would buy them out at any time for a million
dollars if they were foolish enough to sell. After all, they had nothing
to worry them.
David Jasper went up to the bank and had them hold the note until the
next day, which they did without comment. David was "good" for anything
he wanted. The next day he got hold of Wallingford to get him to renew
the note and to give him stock as security for it. When J. Rufus came
out of that transaction, in which David had intended to be severe with
him, he had four thousand dollars in his pocket, for he had transferred
to his indorser five thousand dollars of his stock and Jasper had placed
another mortgage on his property. The single tack in his vest pocket had
assumed proportions far larger than his six cottages and his home. It
was the same with Lewis and one of the others, and, for a week, the
inventor struggled with the covering machine.
No one seemed to appreciate the fact that here their genius was
confronting a problem that was most difficult of solution. To them it
meant a mere bit of mechanical juggling, as certain to be accomplished
as the simple process of multiplication; but to glue a piece of cloth to
so minute and irregular a thing as the head of a tack, to put it on
firmly and leave it trimmed properly at the edges, to do this trick by
machinery and at a rate rapid enough to insure profitable operation, was
a Herculean task, and the stockholders would have been aghast had they
known that J. Rufus was in no hurry to solve this last perplexity. He
knew better than to begin actual manufacture. The interference report on
the first patent led him to make secret inquiries, the result of which
convinced him that the day they went on the market would be the day that
they would be disrupted by vigorous suits, backed by millions of
capital. He had been right in stating that a patent is of no value
except as a basis for lawsuits.
Public-domain text, read in full here on John Shaqi.
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