Love stories; New York (N.Y.) -- Fiction; Speculation -- Fiction; Wall Street (New York, N.Y.) -- Fiction
Roebuck had given me the impression that it would be six months, at least,
before what I was in those fatuous days thinking of as “_our_” plan
for “putting the coal industry on a sound business basis” would be ready
for the public. So, when he sent for me shortly after I became engaged to
Miss Ellersly, and said: “Melville will publish the plan on the first of
next month and will open the subscription books on the third--a Thursday,”
I was taken by surprise and was anything but pleased. His words meant that,
if I wished to make a great fortune, now was the time to buy coal stocks,
and buy heavily--for on the very day of the publication of the plan every
coal stock would surely soar. Buy I must; not to buy was to throw away a
fortune. Yet how could I buy when I was gambling in Textile up to my limit
of safety, if not beyond?
I did not dare confess to Roebuck what I was doing in Textile. He was
bitterly opposed to stock gambling, denouncing it as both immoral and
unbusinesslike. No gambling for him! When his business sagacity and
foresight(?) informed him a certain stock was going to be worth a great
deal more than it was then quoted at, he would buy outright in large
quantities; when that same sagacity and foresight of the fellow who has
himself marked the cards warned him that a stock was about to fall, he sold
outright. But gamble--never! And I felt that, if he should learn that I had
staked a large part of my entire fortune on a single gambling operation, he
would straightway cut me off from his confidence, would look on me as too
deeply tainted by my long career as a “bucket-shop” man to be worthy of
full rank and power as a financier. Financiers do not gamble. Their only
vice is grand larceny.
All this was flashing through my mind while I was thanking him.
“I am glad to have such a long forewarning,” I was saying. “Can I be of use
to you? You know my machinery is perfect--I can buy anything and in any
quantity without starting rumors and drawing the crowd.”
“No thank you, Matthew,” was his answer. “I have all of those stocks I
wish--at present.”
Public-domain text, read in full here on John Shaqi.
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