However, alas! it is easy enough to assign the reason why the
business has been so popular. It appears that, even under the flag
of our aspiring nationality, human nature is still so weak that
the opportunity to grow rich quickly, when presented, is apt to
over-ride all noble considerations. Foreign censors have ventured not
infrequently to declare that there was never yet a race so hungry for
money as we free-born Americans; and not even the pious ejaculation of
one of our United States Senators, “What have we to do with abroad?”
is conclusive proof that the accusation is not well founded. In fact:
there seems to be ample proof that we, who sneered so austerely at the
Faubourg St. Germain and the aristocracies of the Old World, and made
Fourth of July protestations of poverty and chastity, have fallen down
and worshipped the golden calf merely because it was made of gold.
Because it seemed to be easier to make money as stock-brokers than in
any other way, men have hastened to become stock-brokers. To be sure
it may be answered that this is only human nature and the way of the
world. True, perhaps; except that we started on the assumption that we
were going to improve on the rest of the world, and that its human
nature was not to be our human nature. Would not the Faubourg St.
Germain be preferable to an aristocracy of stock-brokers?
At all events, the law of supply and demand is beginning to redeem
the situation, and, if not to restore our moral credit, at least
to save the rising generation from falling into the same slough.
The stock-broker industry has been overstocked, and the late young
capitalists in fur overcoats, with benedictory manners, wear anxious
countenances under the stress of that Old World demon, excessive
competition. Youth can no longer wake up in the morning and find
itself the proprietor of a rattling business justifying a steam-yacht
and a four-in-hand. The good old days have gone forever, and there is
weeping and gnashing of teeth where of late there was joy and much
accumulation. There is not business enough for all the promising young
men who are stock-brokers already, and the youth of promise must turn
elsewhere.
_Occupation._
II.
Public-domain text, read in full here on John Shaqi.
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