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
“A voracious demand for margins about midday brought the work to a
crisis. The scene at the office of Heath was indescribable when Belden
went there to see Gould and his confederates, to find out what was
to be done next with the frenzied purchasers. An eye-witness thus
describes the scene at Heath’s office: ‘I went outside while Belden
went in. I walked up and down the alley-way waiting for him to come
out. Deputy sheriffs, or men appearing to be such, began to arrive and
to mount guard at Heath’s office to keep out visitors. After waiting
a prodigious long time, as it seemed to me, Jay Gould came creeping
out of the back door, and looking round sharply to see if he was
watched, slunk off through a private rear passage behind the buildings.
Presently came Fisk, steaming hot and shouting. He took the wrong
direction at first, nearly ran into Broad street, but soon discovered
his error and followed Gould through the rear passage. Then came
Belden, with hair disordered and red eyes, as if he had been crying. He
called: ‘Which way have they gone?’ and upon my pointing the direction,
he ran after them. The rear passage led into Wall street. At its exit
the conspirators jumped into a carriage and fled the street.”
They did not fly the street, however, but went to the Broad street
office of Smith, Gould & Martin, where the crowd assembled, evidently
with riotous intent, apparently bent upon an application to Judge
Lynch for justice; and had any of the gentlemen appeared outside the
confines of the front wall, the chances were that the lamp-post near by
would have very soon been decorated with a breathless body. To insure
their safety inside, however, a small police force kept guard outside,
which made the barricade complete. These gentlemen remained under
this shelter until the small hours of the morning, busily endeavoring
to find out where they stood in the result of the gold deal; and the
more they pondered over it, the greater grew the doubt in their minds
whether they were standing on their heads or their heels.”
The story told by Mr. Adams is also worthy of repetition as a graphic
description of the terrors of the day. Beginning with the morning
before, he says:
Public-domain text, read in full here on John Shaqi.
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