The Secrets of the Great City: A Work Descriptive of the Virtues and the Vices, the Mysteries, Miseries and Crimes of New York CityMcCabe, James Dabney
History
The Secrets of the Great City: A Work Descriptive of the Virtues and the Vices, the Mysteries, Miseries and Crimes of New York City
McCabe, James Dabney
New York (N.Y.) -- Description and travel; New York (N.Y.) -- History
'Undoubtedly, the dread of some awful revelation has brought here many
persons, as out of five hundred invited guests only a few do not attend
Madame Killer's _soiree_. But I am far from believing that they would
not have come, under any circumstances, even had they been free from
fear of personal consequences. Madame Killer is wealthy, and nobody
cares about the way she has obtained her wealth. Whoever is worth one
million dollars, no matter how acquired, honestly or dishonestly, is
welcome everywhere, and his _soirees_ and receptions are attended by
the best society. I see, for instance, talking with Madame Killer, a
merchandise broker, whose name was given to a ship launched this very
morning, and who would be shut out of decent society in any other
country. Three years ago, he failed to the amount of two or three
millions of dollars. According to his balance-sheet, he could pay
fifty cents on the dollar. But, when his book-keeper joyfully informed
his employer of such an unexpected result, "Change it, by all means,"
exclaimed the broker, "my creditors do not expect even fifteen cents on
the dollar, and were I to give them fifty, what benefit would I derive
from my failure?" And he paid ten cents only on the dollar.
'Near that honest broker--who has become wealthy in consequence of that
transaction, and at the same time a man of importance, being now a
director of a trust company, and other concerns--see that young man,
wearing side-whiskers, after the English fashion. His light hair and
blue eyes denote his German origin. He is an exchange broker, and made
two hundred thousand dollars last year in this quick way: Pretending to
have realized large profits in stock gambling, he succeeded in
inspiring such confidence in the president of one of our most
respectable banks, where he kept his account, that his checks were
indiscriminately certified by that officer. One check for two hundred
thousand dollars was in that way certified, and the money had just been
paid out to a compeer, when the directors of the bank discovered that
the adventurer had but a small deposit in their hands. He failed the
next day, and the president, who had rashly caused a heavy loss to the
bank, blew out his own brains.
'The guest who is making his bow to the lady of the house, was formerly
secretary of one of our railroad companies. The stock had gone up one
hundred per cent. above par, on the strength of the manager's report,
exhibiting the prosperous condition of the company's affairs, when an
over-issue of stock, to the amount of two millions of dollars, was
detected. To satisfy the public clamor, the secretary and another
officer of the company were discharged. But all inquiry respecting this
stupendous fraud was indefinitely postponed. The discharged employés of
the company now live in high style, and give parties, which their
former employers, the directors of the railroad concern, do not fail to
attend.
Public-domain text, read in full here on John Shaqi.
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