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Updated: May 6, 2025
"It goes without saying, gentlemen, that this property is pretty nearly down and out. You will recall that most of the insiders sold out on the tail of the Goldfield Boom and waited for the market to sag until we could buy in again. The mines are full of water, work was abandoned over four years ago, and the property is practically defunct.
For that the wounded man had been nothing less, the insiders had not been able to keep a secret. Nobody could deny that the boldness, with which this second blow had been struck, was surely just incited once again and encouraged to proceed on the course of violence by the successful execution of the crime.
At any rate, an "order in council" was published, peremptorily dismissing and dissolving them all. During August, it leaked out that Sir John Blunt and some other "insiders" had sold out their South Sea stock. There was also some charges of unfairness in managing subscriptions. After so long and so intense an excitement, the time for reaction and collapse was come.
I am simply an "outsider," you know; only it doesn't do very well for a nest of Hingham boxes to talk too much about outsiders and insiders! After this talk of ours, I think these two young people went pretty regularly to the Church of the Galileans.
From this it follows either that legislation of a national character is prepared by a few informed insiders, and put through by partisan force; or that the legislation is broken up into a collection of local items, each of which is enacted for a local reason.
There is good reason to believe that some of the big insiders are loaded up, for the public is very uneasy, as you know; but with the situation as it is just now in Wall Street, you can't tell anything. The men who are really on the inside have matters so completely in their own hands that they are practically omnipotent."
Nevertheless, as the weeks passed, and the mysterious insiders succeeded in their design of keeping the stock from rising, he came to feel a touch of anxiety. More, indeed, than he was able to communicate to Uncle Peter, without confessing outright that he had lost faith in himself. That he was unable to do, even if it were true, which he doubted.
It is controlled by a little group of insiders, who followed the custom of rail-road-wrecking familiar to students of American industrial life: buying up new lines, capitalizing them at fabulous sums, and unloading them on the investing public; paying dividends out of capital, "passing" dividends as a means of stock manipulation, accumulating surpluses and cutting "melons" for the insiders, while at the same time crushing labor unions, squeezing wages, and permitting rolling-stock and equipment to go to wreck.
By the way, I may as well mention at this point, since a circumstantial accuracy is essential to the effect of my narrative, that there was no other person of any description whatever about the mail the guard, the coachman, and myself being allowed for except only one a horrid creature of the class known to the world as insiders, but whom young Oxford called sometimes "Trojans," in opposition to our Grecian selves, and sometimes "vermin."
It was otherwise, and profanely called by its votaries a camp-meeting; it would be hard to tell why, unless it was that some of the insiders grew very happy before it was over. For an egg-supper at Mandluff's store was to Brayville what an oyster-supper at Delmonico's is to New York. It was one tenth hard eggs and nine tenths that beverage which bears the name of an old royal house of France.
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