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
A certain stockbroker, anxious to increase his wealth, purchased twenty
acres of land a few years ago in one of the Western States, and
commenced boring for oil. After a few weeks spent in this work, he
discovered to his dismay that there was not the slightest trace of oil
on his land. He kept his own counsel, however, and paid the workmen to
hold their tongues. About the same time it became rumored throughout
New York that he had struck oil. He at once organized a company, and
had a committee appointed to go West and examine the well. In a few
weeks the committee returned in high glee, and reported that the well
contained oil of the very best quality, and only needed capital and
improved machinery to develop its capacity. In support of this
assertion they brought home numerous bottles containing specimens of
the oil. This report settled the matter in Wall street, and the stock
issued by the company was all sold at a handsome premium. When the
sales ceased, it was rumored that the well had ceased flowing. This was
true. There was no oil anywhere on the land. That in the well had been
bought in Pennsylvania and poured into the well by the agents of the
owner, and the examining committee had been paid large sums for their
favorable report. The owner of the well was enriched, as were his
confederates of the bogus company, and the holders of the stock were
swindled, many of them being ruined.
A PETROLEUM PRINCE.
We take the following from a work recently published in Paris. It
contains the observations of an intelligent French gentleman during a
residence in New York:
An Irishman, thirty years ago, arrived in Philadelphia. He was a mason
by trade, industrious and sober, which is not often the case with
natives of the Emerald Isle. He managed to save a few hundred dollars,
and then married.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account