British Columbia -- Fiction; Families -- Fiction; Lumber trade -- Fiction
In this year of our Lord, 1911, Grove was a brilliantly successful
young man in a city where success was most completely estimated by
the noise a man and his money made. Grove was as well satisfied with
himself as any young man could be whose career was assuming meteoric
aspects. Everything he touched turned out well. The Norquay Trust
Company seemed to exercise a hypnotic drawing power over investors
with loose funds. There was a speculative movement in land rising to
a climax in Vancouver, a something that was to assume gigantic
proportions in the following eighteen months. Already shoe clerks
were beginning to go without lunch to make payments on plots of land
in distant suburbs, and to go about their duties dreaming of the
quick turn-over and the long profit.
All of which, when it occurs in a seaport in conjunction with the
building of two transcontinental railway terminals, an expansion of
shipping, an upturn in mining and timber, breeds that phenomenon of
Western America, the "boom." Great is the confidence of the
participants,--and the entire community participates. For the time
being it is forgotten that whatever goes up must come down. It is a
great game while it lasts. Better than draw poker. Better than
playing the ponies. It is legitimate, respectable, as well as
thrilling. It isn't gambling. It isn't even speculation. It is
investment.
Of course a trust company with a well-defined and legally restricted
field of operations was not actively participating in this frenetic
exchange of land titles, notes, mortgages, options and hand-to-hand
agreements of sale. But the rapidity and number of such transactions
created a business which Grove's company absorbed so thriftily that
its growth shamed the furious beanstalk.
The Norquay Trust occupied the first two floors of a new building
named after itself, on the roof of which rose a steel skeleton
covered with incandescent bulbs, the sign Rod had marked on his
return.
Public-domain text, read in full here on John Shaqi.
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