Graham's Magazine, Vol. XXXV, No. 2, August 1849Various
General
Graham's Magazine, Vol. XXXV, No. 2, August 1849
Various
Literature -- Periodicals; Literature, Modern -- 19th century -- Periodicals
Among the most unfortunate in this respect was Mr. Wilson. He had
invested all—even to the last dollar—of his immense possessions; he
had bought lands at an exorbitant price; but he was perfectly satisfied
that in the speculation he would make his thousands. His wife and
daughter remonstrated against his entering so largely into the meshes of
the excitement, and of involving himself to so great an extent; but he
was too deeply resolved upon making money to pay the least regard to
their remonstrances. He endorsed largely for others, and appeared lost
in the agitation which existed. Speculation was the all-absorbing
topic—with him it was a sort of magic, which usurped his entire
thoughts, and, to a great degree, restrained his manly virtues. But soon
his dreams and anticipations received a relapse, the effect of which had
a serious impression upon his feelings. The day of speculation had
passed, and the entire capital which Mr. Wilson had invested, was gone!
He had lost all! he was reduced to poverty! Many others shared the same
fate. Wealthy citizens were stripped of all their property; many of
whom, who had not lost all in speculating, were sufferers from the evil
consequences of endorsing for others. In short, a depression of business
ensued seldom witnessed in a commercial city.
Reduced to want, Mr. Wilson’s ambition was gone! his pride preventing
him from engaging in any ordinary business; and his constitution too
feeble for manual labor, he felt keenly sensible of the unpleasantness
of his situation. He knew not what to do! His splendid mansion—the home
of his childhood, whose hallowed associations filled his heart with
happiness—had been given up, to satisfy the demands of the law; his
furniture was sold; and still unliquidated claims pressed daily and
heavily upon him for payment. Friends who, in the days of his
prosperity, flocked to his hospitable board, now shunned him, as one
whom they regarded as their inferior, both in point of wealth and
respectability. Mr. Wilson observed the change with the keenest sense of
injustice, and now felt how painful it was to be _thought_ inferior to
his fellow-man.
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