Nordenholt's Million — John Stuart Mill — John Shaqi
Nordenholt's Million
John Stuart Mill · en
“Well, when I left it, the financial world had handed over to me a
fortune which, I suppose, has seldom been equalled. There was nothing
in it, you know, Flint, nothing whatever. It merely happened that I
was trained in a way different from everyone else. They were plotting
and scheming with shares and stocks and debentures, skying this one,
depressing that one and keeping their attention fixed on the Exchanges.
I came to the thing from a different angle. The movements of the
markets meant little to me in comparison with the workings of the
brains behind those markets. I could foresee the line of their advance;
and I knew how to take them in the flank at the right moment. I fought
them on ground they could not understand. They knew the mind of the
small investor thoroughly, for they had fleeced him again and again.
I began by clearing the small speculator off the board; and thus they
were deprived of their trump card. They had to fight me instead of
ruining him; and they had no idea what I was. It was incredibly simple,
when you think of it. That is why you never found anything about my
personality in the newspapers. I paid them to leave me alone. No one
knew me; and I was able to fight in the dark.
“But when I grew tired of it at last, I had an enormous fortune. What
was I to do with it? Money in itself one can do nothing with. If I were
put to it, I doubt if I could spend £5,000 a year and honestly say that
I had got value for it--I mean direct personal enjoyment. I cast about
for some use to which I could turn this enormous mass of wealth. You
may smile, Flint, but it is one of the most difficult problems I ever
took up. I hate waste; and I wanted to see some direct, practical value
for all these accumulated millions. What was I to do?
“I looked back on the work of some of my predecessors. Carnegie used to
spend his money on libraries; but do libraries yield one any intimate
satisfaction? Can one really say that they would give one a feeling
that one’s money had been spent to a good purpose? Apparently they
did to him; but that sort of thing wouldn’t appeal to me. Then there
is art. Pierpont Morgan amassed a huge collection; but there again I
don’t feel on safe ground. Is one’s money merely to go in accumulating
painted canvas for the elect to pore over? The man in the street cannot
appreciate these things even if he could see them. I gave up that idea.