Love stories; New York (N.Y.) -- Fiction; Speculation -- Fiction; Wall Street (New York, N.Y.) -- Fiction
In my childhood at home, my father was often away for a week or longer,
working or looking for work. My mother had a notion that a boy should
be punished only by his father; so, whenever she caught me in what she
regarded as a serious transgression, she used to say: “You will get a
good whipping for this, when your father comes home.” At first I used to
wait passively, suffering the torments of ten thrashings before the “good
whipping” came to pass. But soon my mind began to employ the interval more
profitably. I would scheme to escape execution of sentence; and, though my
mother was a determined woman, many's the time I contrived to change her
mind. I am not recommending to parents the system of delay in execution
of sentence; but I must say that in my case it was responsible for an
invaluable discipline. For example, the Textile tangle.
I knew I was in all human probability doomed to go down before the Stock
Exchange had been open an hour the next morning. All Textile stocks must
start many points higher than they had been at the close, must go steadily
and swiftly up. Entangled as my reserve resources were in the Coal deal, I
should have no chance to cover my shorts on any terms less than the loss
of all I had. At most, I could hope only to save myself from criminal
bankruptcy.
And now my early training in coolly and calmly studying how to avert
execution of sentence came into play. There is a kind of cornered-rat,
hit-or-miss, last-ditch fight that any creature will make in such
circumstances as mine then were, and the inspirations of despair sometimes
happen to be lucky. But I prefer the reasoned-out plan.
There was no signal of distress in my voice as I telephoned Corey,
president of the Interstate Trust Company, to stay at his office until I
came; there was no signal of distress in my manner as I sallied forth and
went down to the Power Trust Building; nor did I show or suggest that I had
heard the “shot-at-sunrise” sentence, as I strode into Roebuck's presence
and greeted him. I was assuming, by way of precaution, that some rumor
about me either had reached him or would soon reach him. I knew he had
an eye in every secret of finance and industry, and, while I believed my
secret was wholly my own, I had too much at stake with him to bank on that,
when I could, as I thought, so easily reassure him.
“I've come to suggest, Mr. Roebuck,” said I, “that you let my
house--Blacklock and Company--announce the Coal reorganization plan. It
would give me a great lift, and Melville and his bank don't need prestige.
My daily letters to the public on investments have, as you know, got me
a big following that would help me make the flotation an even bigger
success than it's bound to be, no matter who announces it and invites
subscriptions.”
Public-domain text, read in full here on John Shaqi.
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