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Updated: July 7, 2025
First, Americans in this chamber and across this nation have pursued a new strategy for prosperity: fiscal discipline to cut interest rates and spur growth; investments in education and skills, in science and technology and transportation, to prepare our people for the new economy; new markets for American products and American workers.
So he came to us, one day, in something like a panic, on finding that Bill had become a frequenter of one of the local bucket-shops, and had been making maudlin boasts of the profitable deals he had made. "This means, gentlemen," said the Captain, "that influences entiahly fo'eign to ouah investments hyah ah likely to bring a crash, which will not only wipe out Mr.
They lacked the sturdy self-respect of the New England mechanic, the independent dignity of the Western farmers, or the business-like ease of the New York merchants, but they evidently felt that their investments should command them respect, and they severely looked down upon "them literary fellers," and others with small bank accounts.
"Has he paid back the money he borrowed?" he inquired. "No-o! I guess the creditors'll have to take it out in overalls. However, it's a satisfaction to some of 'em to watch Chase really work. I know that gives me my money's worth." "Oh, ho! You are one of the creditors! Captain Warren, I'm surprised. I sized you up as a shrewder judge of investments." Captain Elisha colored.
The loan was made, or at least pledged, before it flashed across my brain that the money was destined for Wetter he wanted to pay off Wetter. We were nearing the desired ground. "My dear M. Struboff," said I, "you must not allow yourself to be embarrassed. Great properties are slow to develop; but I have patience with my investments. Clear yourself of all claims.
What with her penchant for orphans and for foolish investments, she would make ducks and drakes of her fortune unless a man peremptorily took the helm. "It would be a pity to be precipitate, Persis. An investment that pays ten per cent. isn't to be sneezed at nowadays. And this fellow's offer just now looks as if the stock wasn't in any danger of depreciating."
He had ever been credited with having a philosophical turn of mind; and this was accompanied by a certain strain of impulsiveness or daring. He had been accustomed all his life to make up his mind quickly and, because he was well enough off to bear the consequences of momentary rashness in commercial investments, he was not counted among the transgressors.
As the political and economic conditions of the day made unlikely any serious clash of interest between the East and the West, he had little solicitude about his accounts beyond the Alleghanies. But a gradually developing hostility between North and South was accompanied by a parallel anxiety on the part of Northern capital for its Southern investments and debts.
I'm sure I detect some of the premonitory symptoms: money piling up in the financial centers; property away down, but strengthening, in the newer regions; and, lately, a little tendency to take chances in investments, forgetting the scorching of ten or twelve years ago. A new generation of suckers is gettin' ready to bite. Look into this thing, Al, and don't be a chump."
"I suppose you know all about investments, being a business man?" "Yes, I know a great deal about them," answered Mr. Coleman, his eyes sparkling with pleasure at this evidence that his companion had money. "If you have any money to invest, I shall be very glad to advise you."
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