A week after his interview with his father, Tom Crocker entered the
great shadowy library of the Drakes in response to an invitation from
the father. At this time, when Wall Street was approaching that dramatic
phase which is inevitable in social transformations, when dominant and
outstanding individualities succumb to the obliterating rise of
bureaucracies, there was no more picturesque personality than Daniel
Drake. He had come to New York several years before, awaited as a
vaulting spirit who played the game recklessly and who would never cease
to aspire until he had forced his way to the top or been utterly broken
in the attempt.
His career had bordered on the fantastic. As a boy the _Wanderlust_ had
driven him over the face of the globe. A shrewd capacity for making
money of anything to which he put his hand had carried him through
strange professions. He had been a pedler on the Mississippi, cook on a
tramp steamer to Australia, boxed in minor professional encounters,
exhibited as a trick bicycle rider, served as a soldier of fortune up
and down Central America, and returned to his native country to
establish a small fortune in the field of the country fairs.
With the acquisition of capital, he became conservative and
industrious. Reconciled with his family, he had secured the necessary
funds to attempt an operation in the wheat market which, conducted on a
reasonable scale, netted him a handsome profit and enlarged his
activities. His genius for manipulation and trading, which was soon
recognized, brought him into the services of big industries. He made
money rapidly, and married impulsively against the advice of his friends
a woman of social prominence who cared absolutely nothing about him--a
fact which he was the last to perceive.
He next undertook a daring operation, the buying up of the control of a
great industry in competition with an eastern group. A friend whom he
trusted betrayed the pool he had formed, and the loyalty of his
associates, which made him continue, completely bankrupted him. Before
the public had even an inkling of the extent of his catastrophe he had
mended his fortunes by the brilliant stroke, secured control of one of
the subsidiary companies destined for the steel trust, and realized a
couple of millions as his share. When he referred to this moment, which
he often did, he used to say frankly:
"We went into the meeting bankrupt and came out seven millionaires."
He became the leader of a group of young financiers who acquired and
developed with amazing success a chain of impoverished railroads. He
played the game, scrupulous to his word, merciless in a fight, generous
to a conquered enemy, for the love of the game itself. A big man with a
curious atmosphere of amused calm in the midst of the flurry and turmoil
he aroused, he enjoyed the turns and twists of fate with the zest of a
boy gray-eyed, imperturbable, and magnetic, winning even those who saw
in him an ethical and economical danger.
Public-domain text, read in full here on John Shaqi.
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