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His wealth, while not equaling that of the mighty financiers of the epoch, increased with a rapidity almost magical to a cipher high enough to permit him, from 1879, to indulge in the luxurious life which can not be led by any one with an income short of five hundred thousand francs. Contrary to the custom of speculators of his genus, Hafner in time invested his earnings safely.
The detective's voice was quietly controlled, yet each word pierced the silence like a sword-thrust. "I have been threatened with ruin, with death, many times by criminals of all classes, from defaulting financiers to petty thieves, but I still live, and my fortunes have not been materially impaired. I do not court publicity, but I cannot shirk my duty because it entails that.
But, at the time of which I write, there was no more than an innocent approach on our part to Eastern financiers to obtain money for the Church and to concentrate our debts in the hands of two or three New York banks.
I have talked to several financiers here in Chicago, and they agree with me; but, as is usual in all such cases, I find that some of the politicians are against me. Since I have taken charge of the North Chicago company the attitude of one or two papers has not been any too friendly."
Although the canal enterprise came to an ominous pause in 1842, after the expenditure of five millions, the pledge of the State stood the enterprise in good stead. Local financiers, together with New York and Boston promoters, advanced about a quarter of a million, while French and English bankers, notably Baring Brothers, contributed about three-quarters of a million.
My brother Karl said once it comes back to me, although I had quite forgotten it that it was futile for the military caste to try to work up a war, because every moneyed man in the Empire financiers, merchants, manufacturers, all the rest never would hear of it. The country was too prosperous.
"I am wondering," I told him instead, "how much they steal every week." "Those financiers?" "Yes. Bohm is president of an insurance company, and Charley's a director, and reorganizes railroads." "Well, if other people share your pleasant opinion of them, how do they get elected?"
Such a supposition is absurd, nor can any reason be given why a body of high-minded and honourable British gentlemen like the Cabinet should sacrifice their country for the sake of a number of cosmopolitan financiers, most of whom are German Jews.
The strangest thing of all is, that these taxes in favour of the poor were, perpetuated and appropriated by the King, and are received by the financiers on his account to this day as a branch of the revenue, the name of them not having even been changed. The same thing has happened with respect to the annual tax for keeping up the highways and thoroughfares of the kingdom.
After the panic of 1873, when financiers and capitalists lost their heads, and Congress with the approval of public sentiment passed an act increasing the amount of United States notes in circulation, Grant, by a manly and bold veto, prevented this inflation of the currency. The wisdom of the framers of the Constitution in giving the President the veto power was exemplified.
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