New York (N.Y.) -- Social life and customs -- Fiction; Wall Street (New York, N.Y.) -- Fiction
Scores of men had tried to “bust” Greener, but Greener had grown the
richer by their efforts, the growth of his fortune being proportionate
to the contraction of theirs. Sam Sharpe had come from Arizona with
$12,000,000 avowedly to show the effete East how to crush “financial
skunks of the Greener class.” And the financial skunk learned no new
lesson, though the privilege of imagining he was giving one cost Sharpe
a half-million a month for nearly one year. Then, after Sharpe had
learned more of the game—and of Greener—he joined hands with
Dittenhoeffer and together they attacked Greener. They were skilful
stock operators, very rich and utterly without financial fear. And they
loathed Greener. In a more gorgeous age they would have cut the Little
Napoleon to pieces and passed his roasted heart on a platter around the
festive board. In the colorless XIX century they were fain to content
themselves with endeavoring to despoil him of his tear-stained millions;
to do which they united their own smile-wreathed millions—some seven or
eight of them—and opened fire. Their combined fortune was divided into
ten projectiles and one after another hurled at the little man with the
squeaky voice and the high forehead. The little man dodged the first and
the second and the third, but the fourth broke his leg and the fifth
knocked the wind out of him. The Street cheered and showed its
confidence in the artillerists by going short of the Greener stocks. But
just before the sixth shot Greener called to his assistance old Wilbur
Wise, the man with the skin-flinty heart and thirty millions in cash. A
protecting rampart, man-high, of government bonds was raised about the
prostrate Napoleon and the financial cannoneers ceased firing precious
projectiles. The new fortifications were impregnable and they knew it;
so they contented themselves with gathering up their own shot and a
small railroad or two dropped by Greener in his haste to seek shelter.
Then Sharpe went to England to win the Derby and Dittenhoeffer went to
Long Branch to amuse himself playing a no-limit faro game that cost him
on an average $10,000 a night for a month.
There was a period of peace in Wall Street following the last encounter
between the diminutive Napoleon and Dutch Dan. But after a few months
the fight resumed. Greener was desirous of “bulling” his stocks
generally and his pet, Federal Telegraph Company, particularly. Just to
show there was no need to hurry the “bull” or upward movement Dan sold
the stock “short” every time Greener tried to advance the price. Four
times did Greener try and four times Dittenhoeffer sold him a few
thousand shares—just enough to check the advance. Up to a certain point
a manipulator of stocks is successful. His manipulation may comprise
many ingenious and complex actions and devices, but the elemental fact
in bull manipulation is to buy more than the other fellow can or wishes
to sell. Greener was willing to buy, but Dan was even more willing to
sell.
Public-domain text, read in full here on John Shaqi.
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