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Updated: June 1, 2025
This, then, is the proposition which the speculator makes to those whose collaboration he desires: I guarantee you a perpetual market for your products, if you will accept me as purchaser or middle-man. The bargain is so clearly advantageous that the proposition cannot fail of acceptance.
As an inevitable consequent, I became a speculator. Little by little my fortune has disappeared in the abyss of stock gambling; now it is gone entirely. To add to my misfortunes, my apartments were entered last night by burglars and literally cleaned out.
Her father, a real estate dealer, and fairly successful at one time, was very much interested in racing horses, and owned several of worthy records though of no great fame. Norman Wilson had posed as a real estate speculator himself, and had handled several fairly successful deals in land, but his principal skill and reliance was in gambling.
At this propitious time of public distress did Tom Walker set up as a usurer in Boston. His door was soon thronged by customers. The needy and the adventurous; the gambling speculator; the dreaming land jobber; the thriftless tradesman; the merchant with cracked credit; in short, every one driven to raise money by desperate means and desperate sacrifices, hurried to Tom Walker.
He was thus precluded from a public life, and he disdained the career of a speculator he had no desire, as he once said, to "cease to be Lucilius in order to become an Asiatic revenue-farmer."
The good old speculator wanted to comfort him, but he hardly knew how to go about it. He made many attempts, but they were lame; they lacked spirit; the words were encouraging; but they were only words he could not get any heart into them. He could not always warm up, now, with the old Hawkeye fervor. By and by his lips trembled and his voice got unsteady.
Tens of thousands of the poor might curse his name, but the financier and the speculator execrated him no more. He stretched a hand to protect or to manipulate the power of wealth in every corner of the country. Forcible, cold, and unerring, in all he did he ministered to the national lust for magnitude; and a grateful country surnamed him the Colossus.
Knapp and Luella, and groaned in spirit. Then a flash of hope shot through me. Luella Knapp, the heiress to millions, was beyond my dreams, but Luella Knapp, the daughter of a ruined speculator, would not be too high a prize for a poor man to set his eyes upon. The clang of the gong recalled me from the reverie that had shut out the details of the scene before me. "There!
He who was visiting the Tories and New York sympathizers of this region was possibly nothing worse than the agent of a land speculator. The youthful Green Mountain Boy might be the only human being within five miles. But suddenly that happened which shattered this fallacious web of thought in an instant.
Here fortunes are won and lost in a night. For, as has been sung, "Dice will run the contrary way, As well is known to all who play, And cards will conspire as in treason." Then we have the speculator in commerce. He is the denizen of the Board of Trade hall. He speculates on the prices of next week's, of next month's meat and breadstuffs.
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