Nordenholt's Million — John Stuart Mill — John Shaqi
Nordenholt's Million
John Stuart Mill · en
“Again, I knew nothing of platinum, just as I had known nothing of
lumber; but I was able to pay for the best advice, to pay for secrecy
as well; and to judge the experts, I had my knowledge of men to help
me. I got the best men, I chose only men whom my insight enabled me to
pick out; and I began to buy up claims quietly under their guidance.
Here again psychology came in. I could tell at a glance when a man
was a “quitter” and when a miner would refuse to sell. I could gauge
almost to a sovereign the price that would prove the breaking-strain
for any particular owner. I can’t tell you how it is done; it is partly
inborn, perhaps, partly acquired; but I know that my knowledge is quite
incommunicable.
“To make a long story short, I had acquired a very fair percentage of
the valuable ground when suddenly I discovered that five other men had
been struck with the same idea; and that prices were rising beyond
anything I could hope to pay. It was a case for amalgamation; but I
did not see my way through it quite so simply. Two of them I knew to
be honest. One of them I could not trust, although he had hitherto
never shown any signs of crookedness; but I knew his breaking-strain,
and I knew also that the temptations to which he would be exposed
under any amalgamation scheme would be too great for him. He had to
be eliminated. The other two were weak men who could be dealt with
easily enough. I needn’t give you the details. I approached the two
honest men, combined with them, and with the joint capital of the three
of us I bought out the third competitor. The other two we dealt with
separately, buying out the one and taking the other in along with us.
My partners trusted me with the negotiations, again because I knew men
and their motives.
“And that was how I made my first million. Remember, I knew nothing
about the materials I had handled in the making of it. I never took
the slightest interest in the things themselves--and I took very
little interest in the money either, for my tastes are simple. What
did interest me was the psychology of the thing, the probing among
the springs and levers of men’s minds, and the working out of all the
complex strains and stresses which form the background of our reason
and our emotions. The million was a mere by-product of the process.