The Wizard of Wall Street and His Wealth; or, The Life and Deeds of Jay GouldWhite, Trumbull
History
The Wizard of Wall Street and His Wealth; or, The Life and Deeds of Jay Gould
White, Trumbull
Businessmen -- United States -- Biography; Capitalists and financiers -- United States -- Biography; Gould, Jay, 1836-1892
Fisk’s assistance was as valuable as Gould expected it to be. He took
no stock in the crop theory, but the idea of making the administration
a partner in the diabolical enterprise seems to have attracted him.
“Nothing,” said Garfield in his report to Congress, “nothing but the
scent of corruption could sharpen the appetite of Fisk for the game
his leader (Gould) was pursuing. The compounded villainy presented by
Gould and Corbin was too tempting a bait.” So Fisk was drawn into the
movement when his aid was most needed. This corner was a glittering
edifice built on a foundation of deceit and corruption. It could not
long stand. The most that Gould and Fisk could do was to frighten the
“shorts” into covering before Grant awakened to the realization of how
he was being used and issue orders to sell gold. Wall street was soon
filled with rumors that the administration was in the deal and the
excitement ran high.
“The malign influence,” says the Congressional report already quoted,
“which Cataline wielded over the reckless and abandoned youth of Rome
finds a fitting parallel in the power which Fisk held in Wall street
when, followed by the thugs of Erie and the debauchees of the opera, he
swept into the gold-room and defied both the street and the Treasury.”
The magnitude of the conspiracy is shown by the fact that before Black
Friday Gould had employed fifty to sixty brokers to make his purchases,
and $50,000,000 to $60,000,000 of gold had been bought by William Heath
& Co., Woodward, H. K. Enos, E. K. Willard, and others of the brokers.
He required all this to advance the price of gold from 135½ to 140½.
Fisk’s entrance into the game was a powerful help to Gould, for it
not only furnished another purchaser for gold, but directed public
attention from himself to Fisk. The ex-peddler loved to bask in the
sun of public notoriety. Gould was timid, but Fisk had the brazen
courage of a courtesan.
Gould and Fisk now became exceedingly nervous over the firmness of the
President’s policy. He induced Mr. Corbin to write a letter directly
to the President himself. This letter, written on the seventeenth,
under the influence of Gould’s anxiety, was instantly sent away by a
special messenger of Fisk’s, who rode twenty-eight miles on horseback
from Pittsburg, and delivered it in person to the President. He read
the letter, and had his suspicions at once aroused. He said laconically
to the messenger: “It is satisfactory; there is no answer.” He began
to see through the game, and at once desired Mrs. Grant to write to
Mrs. Corbin requesting her husband to have nothing more to do with the
Gould-Fisk gang.
The messenger telegraphed “All right” to the conspirators.
Public-domain text, read in full here on John Shaqi.
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