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Updated: June 12, 2025
Ah, this is it; it is headed "This island is now the property of the Stamford family, having been won, it is said, in a raffle, by Sir Stamford, during the stock-gambling mania of the South-Sea Scheme.
The two young men who owned all but a few shares of the Twentieth Century Laundry stock had been bitten by the trustifying germ and had agreed to go into a "laundry combine" with several other large laundries. It was one thing, Ernestine realized, to be the practical boss of a small business, and quite another to be a subordinate in a large stock-gambling venture with an unknown crew of masters.
Money is purely relative. The root of all evil, too. Too much of it may bring ills as great as not enough. At the outset of my stock-gambling experience I was one day in the office of President Edward H. Green, of the Louisville and Nashville Railway, no relation of Dr. Norvin Green, but the husband of the famous Hetty Green. He said to me, "How are you in stocks?" "What do you mean?" said I.
A mania for stock-gambling spread over England, and the people seemed to have lost their wits. The most tremendous excitement prevailed. The crisis came, and it was realized that the scheme was a fraudulent one. Some of the biggest operators sold out their stock, and a panic ensued. Consternation came upon the bubble capitalists, and financial ruin stared them and their dupes full in the face.
"The day on which the stock-gambling structure falls is the day for which all honest men and women should pray." Bob Brownley paused and let his eyes sweep his dumfounded audience. There was not a murmur. The crowd was speechless. Again his eyes swept the room. Then he slowly raised his right hand with fist clenched, as though about to deal a blow.
And there were the cynical intervals, when it seemed to him that he could do without her, and that nothing was worth while but enjoyment, both base and innocent, and pleasure. During Wilmot's junior year at New Haven, his father's sensational, dissipated, and stock-gambling career came to a sudden end. There was even a shadow on the name.
Money is purely relative. The root of all evil, too. Too much of it may bring ills as great as not enough. At the outset of my stock-gambling experience I was one day in the office of President Edward H. Green, of the Louisville and Nashville Railway, no relation of Dr. Norvin Green, but the husband of the famous Hetty Green. He said to me, "How are you in stocks?" "What do you mean?" said I.
Barry Conant bought it. It did not require three eyes to see that the seller was one of his lieutenants. This meant what is known as a "wash" sale, a fictitious one arranged in advance between two brokers to establish the basis for the trades that are to follow one of those minor frauds of stock-gambling by which the public is deceived and the traders and plungers are handicapped with loaded dice.
Ah, this is it; it is headed "This island is now the property of the Stamford family, having been won, it is said, in a raffle, by Sir Stamford, during the stock-gambling mania of the South-Sea Scheme.
If this could be done the $95,000,000 worth of seats in the Exchange would be worth less than five millions, and, what is of far greater import to all the people, the financial world would be revolutionised. Men of Wall Street, do not fool yourselves. My invention is a sure destroyer of the greatest curse in the world, stock-gambling." A sullen growl rose from the gamblers.
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