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Updated: May 28, 2025
Fifteen years hence the population of the district will be called upon to indicate by plebiscite their desires as to the future sovereignty of the territory; and, in the event of their electing for union with Germany, Germany is to be entitled to repurchase the mines at a price payable in gold.
"There is only one other thing to add. I have shown Brokaw a ray of hope. He will hand over to you all his rights in the company and the six hundred thousand in the treasury. He will sign over to you, as repurchase money for whatever stock you wish to call in, practically his whole fortune five hundred thousand. He will disappear, completely and forever.
There they stood before their judge, he scrutinizing them much as some fifteenth-century Dominican inquisitor might have peered into the dungeons of the Holy Office while the torture was administered to two Moors. "The Countess spoke tremulously. 'Sir, she said, 'is there any way of obtaining the value of these diamonds, and of keeping the right of repurchase? She held out a jewel-case.
"Men of Wall Street, it is impossible to prevent the repetition of those acts by which in five years I have accumulated a billion dollars, impossible so long as a short sale or a repurchase and resale, is allowed. When short sales, and repurchases and resales, are made impossible, stock speculation will be dead.
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