Antitrust law -- United States -- Fiction; Capitalists and financiers -- Fiction; Railroad stories
At lunch time Harbinger asked me to go out with him. On our way we
overtook the treasurer and auditor, who joined us without words. We
were a strange party of four,--tall discontent, bald gloom, lonely
obesity and middling innocence. Two and two we walked down Broadway to
the top of Wall Street, turned into it and almost immediately turned
out of it again into New Street, a narrow little thoroughfare which
serves the Stock Exchange as a back alley. The air was distressed
with that frightful, destructive b-oo-o-o-o-ing which attends falling
prices. It seemed to issue not only from the windows and doors of the
great red building but from all its crevices and through the pores of
the bricks.
“They are whaling us in there to-day,” said Harbinger over his shoulder.
“Nine,” said John Harrier. It was the first word I had heard him utter,
and it surprised me that the sound was definite and positive.
“Are you talking about Great Midwestern Railroad stock?” I asked.
“Yes,” said Harbinger, “John says it sold at nine this morning. That is
the lowest price in all the company’s history. Every few days there’s
a rumor on the Stock Exchange that we are busted, as so many other
railroads are, and then the speculators, as I told you, create so much
uproar and confusion that no legitimate buyer can find a legitimate
seller, but all must do business with the speculator, who plays
upon their emotions in the primitive manner by means of terrifying
sounds and horrible grimaces. Hear him! He has also a strange power
of simulation. He adds to the fears of the seller when the seller is
already fearful, and to the anxieties of the buyer when the buyer is
already impatient, making one to part with his stock for less than it’s
worth and the other to pay for it more than he should.”
Public-domain text, read in full here on John Shaqi.
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