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Updated: June 12, 2025
There I met Jay Gould familiarly; and resumed acquaintance with Russell Sage, whom I had known when a lad in Washington, he a hayseed member of Congress; and occasionally other of the Wall Street leaders. In a small way though not for long I caught the stock-gambling fever. But I was on the "inside," and it was a cold day when I did not "clean up" a goodly amount to waste uptown in the evening.
Oh, if you knew how I suffered during all those long months when you were stock-gambling and going around with her." "Aw, now, Mary," he soothed, wiping away the sweat from his brow; and then he took her into his arms. "Now, don't cry," he said, "because I went back there to look for you I paid out thousands of dollars for detectives.
You don't suppose it could be Cowperwood or any of those people he sent to us, do you?" Stackpole, worn by his experiences of the past few weeks, was inclined to be irritable. "How should I know, Phineas?" he inquired, scowling in troubled thought. "I don't think so. I didn't notice any signs that they were interested in stock-gambling. Anyhow, we had to have the money in some form.
But after 1881 it passed into the control of the small stock-holders, and has remained there without a break. It is now one of our most democratized businesses, scattering either wages or dividends into more than a hundred thousand homes. It has at times been exclusive, but never sordid. It has never been dollar-mad, nor frenzied by the virus of stock-gambling.
It was evident to all in the stock-gambling world that this was to be the "System's" grand coup, that at its completion the masses would be rudely awakened to a realisation that their savings were invested in the combined American industries at vastly inflated values, that the few had all the real money, and that any attempt upon the people's part to regulate and control the new system of robbery, would be fraught with unparalleled disaster not to the "System," but to the people.
Du Tillet used it only for his stock-gambling, about which Nathan understood next to nothing; but he had given, through Nucingen, an assurance to Rastignac that the paper would be tacitly obliging to the government on the sole condition of supporting his candidacy for Monsieur de Nucingen's place as soon as he was nominated peer of France.
"The third class is that large one that always will exist while there is stock-gambling, a class of honest, square-dealing-play-the-game-fair-Exchange men who would take no unfair advantage of their fellow-members until they become awakened to the knowledge that they are about to be ruined by their fellow-members' trickery.
The guiding intelligences necessary for the successful building and successful management of railroads should receive ample remuneration; but no man should be allowed to make money in connection with railroads out of fraudulent over-capitalization and kindred stock-gambling performances; there must be no defrauding of investors, oppression of the farmers and business men who ship freight, or callous disregard of the rights and needs of the employees.
Nothing had to do with it but the fiendish system of fraud and trickery upon which the whole stock-gambling structure is reared. Nothing entered into the whole business but the trickery of stock-gambling as conducted to-day. It was only a question, Jim, of a man's opening and closing his mouth and spitting out words.
To make my invention useless it must be made impossible to buy or sell the same share of stock more than once at one session, and short selling, which is now, as you know, the foundation of the modern stock-gambling structure, must likewise be made impossible.
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