Meantime affairs took their usual course. The downfall of Mavick is too
well known in the Street to need explanation here. For a time it was
hoped that sacrifices of great interests would leave a modest little
fortune, but under the pressure of liquidation these hopes melted away.
If anything could be saved it would be only comparatively valueless
securities and embarrassed bits of property that usually are only
a delusion and a source of infinite worry to a bankrupt. It seemed
incredible that such a vast fortune should so disappear; but there were
wise men who, so they declared, had always predicted this disaster. For
some years after Henderson's death the fortune had appeared to expand
marvelously. It was, however, expanded, and not solidified. It had been
risked in many gigantic speculations (such as the Argentine), and it had
been liable to collapse at any time if its central credit was doubted.
Mavick's combinations were splendidly conceived, but he lacked the power
of coordination. And great as were his admitted abilities, he had never
inspired confidence.
“And, besides,” said Uncle Jerry, philosophizing about it in his homely
way, “there's that little devil of a Carmen, the most fascinating woman
I ever knew--it would take the Bank of England to run her. Why, when
I see that Golden House going up, I said I'd give 'em five years to
balloon in it. I was mistaken. They've floated it about eighteen. Some
folks are lucky--up to a certain point.”
Grave history gives but a paragraph to a personal celebrity of this
sort. When a ship goes down in a tempest off the New England coast,
there is a brief period of public shock and sympathy, and then the world
passes on to other accidents and pleasures; but for months relics of the
great vessel float ashore on lonely headlands or are cast up on sandy
beaches, and for years, in many a home made forlorn by the shipwreck,
are aching hearts and an ever-present calamity.
The disaster of the house of Mavick was not accepted without a struggle,
lasting long after the public interest in the spectacle had abated--a
struggle to save the ship and then to pick up some debris from the
great wreck. The most pathetic sight in the business world is that of a
bankrupt, old and broken, pursuing with always deluded expectations the
remnants of his fortune, striving to make new combinations, involved in
lawsuits, alternately despairing, alternately hopeful in the chaos of
his affairs. This was the fate of Thomas Mavick.
Public-domain text, read in full here on John Shaqi.
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