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
To such a disgusting degree of depravity do we see those stock
operations carried that members of the Church of high standing offer,
when 'cornered,' to betray their brother 'pals,' and, in their
forgetfulness of the morality to which they sanctimoniously listen
every Sunday, state that 'all they care about is to look out for number
one.' A manager of a great corporation is requested to issue bonds of
his company without authority, offering 'to buy the bonds if you are
caught, or buy the bonds with the understanding not to pay for them
unless you are caught.' This attempted fiscal operation, however, did
not work, and resulted in a good proof of the old adage that it
requires 'a rogue to catch a rogue.'
A railroad treasurer boldly states that he has without authority over-
issued stock of the company to a large amount. He offers it to a broker
for sale, with the understanding that all received over a fixed value
is to go into his (the treasurer's) pocket. From the fact that this man
is not arrested for mal-administration of the company's property we
judge this to be a legitimate operation, and that this may hereafter
serve as a model or standard of morals to all presidents, directors,
treasurers and managers of railway and other great corporations. It is
evident that the world has made a great mistake on the question of
morals, and that as we progress in civilization with our modern Wall
street system of ethics we shall be able to have a new and more exact
translation of the Bible--Wall street edition--for the benefit of stock
gamblers and stock thieves of all descriptions. Upon the great banking
house facing Wall street we will have in letters of gold upon a green
back-ground the following commandments:
1. Steal largely or not all; for is it not preached in Gotham that he
who steals largely and gives donations to the Church shall enter the
kingdom of heaven, while to him who confines his stealings to modest
peculations shall be opened the doors of Sing Sing?
2. Steal largely! for in proportion to the magnitude of thy stealings
shalt thou prosper and wax respectable throughout Gotham.
3. Steal largely! for as ye steal so shall ye show your fitness for the
high places in the land; so shall ye be invited to exercise your
talents in the numerous positions of trust and profit thereby; so shall
ye add honor and glory to the government of your fathers, and your days
shall be long in the land.
4. Steal largely! for by thy stealings shalt thou create a new
morality; and so shalt thou build up a great people who shall prosper
beyond all other nations.
Public-domain text, read in full here on John Shaqi.
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