He gave no details whatever. They were all numbered accounts. Dan
Williamson would just say to me, “We made up your Southern Atlantic
loss with profits on this other deal,” and he’d tell me how he had sold
seventy-five hundred shares of some other stock and made a nice thing
out of it. I can truthfully say that I never knew a blessed thing about
those trades of mine until I was told that the indebtedness was wiped
out.
After that happened several times I began to think, and I got to look
at my case from a different angle. Finally I tumbled. It was plain that
I had been used by Dan Williamson. It made me angry to think it, but
still angrier that I had not tumbled to it quicker. As soon as I had
gone over the whole thing in my mind I went to Dan Williamson, told
him I was through with the firm, and I quit the office of Williamson &
Brown. I had no words with him or any of his partners. What good would
that have done me? But I will admit that I was sore--at myself quite as
much as at Williamson & Brown.
The loss of the money didn’t bother me. Whenever I have lost money
in the stock market I have always considered that I have learned
something; that if I have lost money I have gained experience, so that
the money really went for a tuition fee. A man has to have experience
and he has to pay for it. But there was something that hurt a whole lot
in that experience of mine in Dan Williamson’s office, and that was the
loss of a great opportunity. The money a man loses is nothing; he can
make it up. But opportunities such as I had then do not come every day.
The market, you see, had been a fine trading market. I was right; I
mean, I was reading it accurately. The opportunity to make millions was
there. But I allowed my gratitude to interfere with my play. I tied
my own hands. I had to do what Dan Williamson in his kindness wished
done. Altogether it was more unsatisfactory than doing business with a
relative. Bad business!
And that wasn’t the worst thing about it. It was that after that there
was practically no opportunity for me to make big money. The market
flattened out. Things drifted from bad to worse. I not only lost all I
had but got into debt again--more heavily than ever. Those were long
lean years, 1911, 1912, 1913 and 1914. There was no money to be made.
The opportunity simply wasn’t there and so I was worse off than ever.
Public-domain text, read in full here on John Shaqi.
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