Antitrust law -- United States -- Fiction; Capitalists and financiers -- Fiction; Railroad stories
If it is nine-thirty or a quarter to ten you may see here and there
in the preoccupied throng groups of three bearing wealth,--in each
case two men with a box carried between them and a third walking close
behind with one hand resting lightly upon something in his outer
pocket. These are the trusted clerks of big banking and brokerage
houses. They go each morning to fetch the strong box from one of
the great Wall Street safety deposit vaults. At four o’clock they
take it back for the night. The third man walking behind is probably
unnecessary. If the box were not too heavy one man unarmed might bear
it safely to and fro. Banditry,--that is to say, taking by force,--is
here unknown. There is a legend to account for this fact. It is
that the police keep a dead line around the money district which
thieves dare not cross. Every crook in the world is supposed to know
and respect the sacred taboo. It may be so, more or less. One need
not believe it whole. A much more probable explanation is what any
highwayman knows. He might make off with a dozen of those strong boxes
and then be no richer than he was before. They contain no money at
all, but stocks and bonds, numbered and registered, which represent
wealth reduced to an impalpable, theft-proof form. A railroad may lie
in one of those boxes. But if you ran away with the box you would have
neither the railroad nor anything you could turn into cash. The lost
stock and bond certificates would be cancelled and new ones issued in
their place; and after that anyone who tried to sell one of the stolen
certificates would be instantly arrested.
I walked a little way into Wall Street, somewhat in awe of it, almost
expecting to be noticed and challenged for trespassing. The atmosphere
was strange and inhospitable and the language unknown. Two men were
quarreling excitedly, one standing on the edge of the sidewalk, the
other down on the pavement. One seemed to be denouncing the government
for letting the country go bankrupt.
“It is busted,” he shrieked. “The United States Treasury is busted.”
The other at the same time spoke of the color, the shape, the bowels
and religion of men who were exporting gold to Europe. I could make
nothing of it whatever. Nobody else so much as glanced at them in
passing. Everybody seemed absent, oblivious and self-involved. When
two acquaintances met, or collided, there was a start of recognition
between them, as if they had first to recall themselves from afar.
Incessantly from within a great red brick building came a sound of
b-o-o-ing, cavernous and despairing. This place was the Stock Exchange
and the noise was that which brokers and speculators make when prices
are falling.
Public-domain text, read in full here on John Shaqi.
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