Nordenholt's Million — John Stuart Mill — John Shaqi
Nordenholt's Million
John Stuart Mill · en
Finally, after the gains had been counted, he advertised again asking
all those who had involuntarily suffered by his contest to submit
their claims to him; and every genuine case was paid in full. He could
afford it, no doubt; but how many would have done it? I knew from
that move of his that he really spoke the truth when he said that
money in itself was nothing to him. And it perhaps illustrates as well
as anything the impression he produced upon my mind that afternoon.
On the one side he was cold, calculating, pitiless to those whom he
regarded as his enemies and the enemies of the smaller investor; on the
other, he was full of understanding and compassion for those whom he
had maimed in the course of his gigantic operations. The Wheat Trust,
the Cotton Combine, Consolidated Industries, the Steel Magnates, and
the Associated Railways, all had gone down before him; and he had
ground their leaders into the very dust. And in every case, he had
opened his campaign as soon as they had shown signs of using their
power to oppress the common people. It may have been merely a move
in his psychological strategy; he may have waited until the man in
the street had begun to be uneasy for the future, so that this great
intangible mass of opinion was enlisted on his side. But I prefer
to think otherwise: and I was associated with Nordenholt in the end
as closely as any man. No one ever knew him, no one ever fathomed
that personality--of that I am certain. He was always a riddle. But
I believe that his cool intelligence, his merciless tactics, all had
behind them a depth of understanding and a sympathy with the helpless
minority. I know this is almost incredible in face of his record; but I
am convinced of its truth.
“At the end of it all,” he went on, “I can look back and say that my
theories were justified. I knew nothing of finance; but I chose my
advisers well. I knew what my opponents relied upon and what they
regarded as points which could be given up without affecting their
general position. The rest was simply a matter of psychology. How could
I bring the breaking-strain to bear?