FREE BOOKS

Author's List




PREV.   NEXT  
|<   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50  
51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   >>   >|  
ll only be gentle and not interrupt us; if they will give us a true death-grip on themselves, on all they possess, and all they ever hope to possess, we will lend back to them a part of the very money which we have sucked up from their wheat fields and pastures, from their barns and potato patches, from their humble stores and markets, from their mills and their mines, and we will thus _expedite_ them on the way to serfdom. Meanwhile we will continue to bankrupt their railways, to snatch their local stocks, to convert all shares in all enterprises into bonds, and to put the bonds into our safes to the end--that confidence may be restored and prosperity come back like the flowers that bloom in the spring. For the time being we, the Street, are able to toss "two hundred thousand shares a day" on the horns of our bull, and to put the same amount of securities under the custody of our bear. "This conclusion takes it for granted that the profits should be equally divided among the membership." Such are Mr. Clews's very words. By the bond of my faith! there is nothing else so beautiful and magnificent as this among the arts invented by mankind! As for the people, one of your own kings, Messieurs of the Street, has very properly indicated your wish and purpose with regard to _them_. Mr. Clews tells us that the "Future" of Wall Street is a sealed book; and yet we may allow that "there is such a thing as an accurate prevision of events." Of this kind are eclipses, occultations, and tides of the sea. If the capital of Wall Street has, since the institution was founded, increased more than sixtyfold, as Mr. Clews declares, then we may expect it, according to his philosophy, to increase full sixty times sixty, until the world shall be swallowed up. Then, when Threadneedle and Lombard Streets shall have lost their sceptre; then, when Seneca's forecast of the time to come shall have been fulfilled; then, when Macaulay's New Zealander shall have made his sketch, not only of St. Paul's, but also of the bank of England; then, when _all_ the wealth, and _all_ the power, and _all_ the functions of civil society in the United States shall have been transferred to Wall Street; then, when nothing shall remain to the American people except their squalid huts and the sorrowful reminiscences of a great republic; then, when Wall Street in very truth shall have possessed itself of the earth and consumed mankind,--I suppose that the benevolent
PREV.   NEXT  
|<   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50  
51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   >>   >|  



Top keywords:

Street

 

shares

 

people

 

mankind

 

possess

 
increased
 

founded

 

Future

 

purpose

 

expect


declares
 

regard

 

sixtyfold

 

sealed

 

eclipses

 

occultations

 

prevision

 
events
 

accurate

 

capital


institution

 

remain

 

transferred

 

American

 

squalid

 

States

 
United
 
wealth
 

functions

 
society

sorrowful

 

consumed

 

suppose

 
benevolent
 

possessed

 

reminiscences

 

republic

 

England

 
Threadneedle
 

Lombard


Streets

 

swallowed

 

increase

 

sceptre

 

Seneca

 

sketch

 
Zealander
 
forecast
 

fulfilled

 

Macaulay