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Updated: May 24, 2025
They are then tied to the little town, where their property can never be of much value, nor can it produce a living. Strangers or men at a distance purchase lots in towns they have never seen, under the impression they are, or soon will be, like the eastern cities. To townmakers or land speculators the subject is very pleasant.
It is not every irregularity in our movement that is a total deviation from our course. I am not quite of the mind of those speculators who seem assured that necessarily, and by the constitution of things, all states have the same periods of infancy, manhood, and decrepitude that are found in the individuals who compose them.
Out of the inflation of prices grew a speculating class; and, in the complete uncertainty as to the future, all business became a game of chance, and all business men, gamblers. In city centers came a quick growth of stock-jobbers and speculators; and these set a debasing fashion in business which spread to the remotest parts of the country.
"One day a dispatch will come in we have tapped a mountain of copper, nineteen miles square, later on we have just opened up another field of coal or we have struck another iron mountain this morning when Eureka a telegram electrifies the speculators in Wall Streets and gold drops below par at ten this morning we struck a pick into a mountain of solid gold.
The labour of the man may not always be useful in the highest sense to his society, or it may even be distinctly harmful and antisocial, as in the case of the robber-barons of the Middle Ages, who lived by capturing and despoiling all who passed by their castles; or as in the case of the share speculators, stock-jobbers, ring-and-corner capitalists, and monopolists of the present day, who feed upon the productive labours of society without contributing anything to its welfare.
If, notwithstanding the fact that the public property of the Roman community was fearlessly and with impunity plundered by officials and speculators, Polybius still lays stress on the rarity of embezzlement in Rome, while Greece could hardly produce a single official who had not touched the public money, and on the honesty with which a Roman commissioner or magistrate would upon his simple word of honour administer enormous sums, while in the case of the paltriest sum in Greece ten letters were sealed and twenty witnesses were required and yet everybody cheated, this merely implies that social and economic demoralization had advanced much further in Greece than in Rome, and in particular, that direct and palpable peculation was not as yet so flourishing in the one case as in the other.
To resign had seemed extreme; because, though the Commissioner was vexed at Halbeck's escape, Foyle was the best non-commissioned officer in the Force. He had frightened horse-thieves and bogus land-agents and speculators out of the country; had fearlessly tracked down a criminal or a band of criminals when the odds were heavy against him.
Indeed, cities at the time were being projected by speculators all round the bay and all over the country. While we were surveying at "New York of the Pacific," occurred one of those little events that showed the force of the gold-fever. We had a sailor-boy with us, about seventeen years old, who cooked our meals and helped work the boat.
The Venetians carried on the commerce of the Levant; the Florentines were manufacturers and bankers: the one town sent her sons forth on the seas to barter and exchange; the other was full of speculators, calculating rates of interest and discount, and contracting with princes for the conduct of expensive wars.
He went directly from the train to the Hearing, which was held in one of the Secretary's offices. The room was large and square, with a desk at one end, where the Secretary was sitting. When Jim entered, the place already was filled to overflowing with irrigation farmers or their lawyers, with land speculators, with Congressmen and reporters.
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