Nordenholt's Million — John Stuart Mill — John Shaqi
Nordenholt's Million
John Stuart Mill · en
It was true, I remembered. Nordenholt had played the game of finance in
a way never seen before. He had made many men’s fortunes--a by-product,
as he would have said, no doubt--but no one had ever gone into the
arena unwarned by him. When he had laid his plans, carried out his
preliminary moves and was ready to strike, a full-page advertisement
had appeared in every newspaper in the country. “MR. NORDENHOLT ADVISES
THE SMALL INVESTOR TO REFRAIN FROM OPERATING IN WHEAT,” or whatever it
might be that he proposed to deal in himself. Then, after giving time
for this to take effect, he struck his first blow. Wonderful struggles
these were, fought out often far in the depths of that strange sea of
finance, so that hardly a ripple came to the surface. Often, too, the
agitation reached the upper waters and there would be glimpses of the
two vast organisations convulsed by their efforts; here a mass of foam
only, there some strange tentacle stretching out to reach its prey or
to coil itself around a vantage-point which it could use as a fulcrum
in further exertions. During this period, the Exchanges of the world
would be shaken, there would be failures, hammerings, ruin for those
who had ventured into the contest despite the warnings. Then, suddenly,
the cascading waves would be stilled. One of the antagonists had gone
under.
A fresh advertisement would appear: “MR. NORDENHOLT HAS CEASED HIS
OPERATIONS.” It was a strange requiem over the grave of some king of
finance. Nordenholt was always victorious. And with the collapse of his
opponent, the small speculators flocked into the markets of the world
and completed the downfall.