"My business is the enforcement of justice. I am the servant of the
people. If Wall Street can not stand the enforcement of law, so much
the worse for the Street. It's no affair of mine. I didn't make the
laws of the State any more than I made the law of gravitation. Nor did
I write the Ten Commandments, but I have an abiding faith that they
will stand when the last stone in the Stock Exchange building shall
have crumbled into dust. I refuse to believe that the only way to save
Wall Street is by a sworn officer of the law compounding a felony."
The doctor hurried down town to the office of a friend on Pine Street,
an old-fashioned banker and broker whose name had always stood for
honesty and fair dealing and conservative business. It was half an hour
before the Stock Exchange opened but the dingy little office was packed
with an excited crowd of customers. They all talked in low tones as if
fearing the spirits of the air that hovered near. An eager group leaned
over the bulletin from the London market. London was up half a point.
The credulous were pleased. It was a good omen. The pessimists scoffed.
"Rigged from New York!" sneered a fat German the office boy had
nicknamed the "Judge."
The doctor was struck with the curiously mottled crowd that jostled one
another, waiting for the first cry of the opening quotations. Every
walk and profession of life had its representative there--merchants,
lawyers, doctors, clerks, clergymen, barbers, boot-blacks, retired
capitalists and capitalists about to retire permanently.
The saddest group of all was in the adjoining room reserved for ladies.
An opening through the partition wall allowed them to see the
quotations as they were placed on the board around which the throng of
jostling, smoking, perspiring men moved and stood. Most of these pale
excited women with their hats awry and their hair disordered were the
wives of solid business and professional men who wouldn't allow their
husbands to know of their little venture into stocks for the world.
They peeped through the opening occasionally and turned their backs
quickly to avoid the gaze of the men.
But the most ominous figures were two or three "vultures" who stood
grim and silent on the outer fringe of the moving crowd. Only one or
two of the older ones recognized them.
The "Judge" saw them first.
"Ach, Gott, look at dem!" he exclaimed. "They never come except for
carrion; they've scented the dead. It's all over with us, poys!"
One of the most curious things in the history of Wall Street is the
appearance of these vultures in a panic. They scent the final
death-struggle with unerring accuracy. They never buy stocks except in
those awful moments of ruin. They hold them grimly until the next
tidal-wave of prosperity, sell out at the top, and wait patiently for
the next killing. They are the only outsiders who ever make a dollar in
Wall Street.
Public-domain text, read in full here on John Shaqi.
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