Thomas William Lawson

“ 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. 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. ”

“ Jim, we must be three millions losers, and the men who have our money have so many, many millions that they can’t live long enough even to thumb them over. Men who will use our money on the gambling-table, at the race-tracks, squander it on stage harlots, or in turning their wives and daughters or their neighbours’ wives and daughters into worse than stage harlots. Men, Jim, who are not fit, measured by any standard of decency, to walk the same earth as you and Judge Sands. Men whose painted pets pollute the very air that such as Beulah Sands must breathe. ”

“ From time to time, as Bob Brownley poured forth his shot and shell of deadly logic, from the vast mob that now surrounded the Exchange rose a hoarse bellow of impatience, for few in that dense throng outside could understand the silence of the gigantic human crusher, which between the hours of ten and three was never before known to miss a revolution except while its victims’ hearts and souls were being removed from its gears and meshes. ”

“ If I did not have her, perhaps in time I could forget; perhaps I might lay out some scheme to help poor devils whose poverty makes life unendurable, and with the millions I have taken from that main shaft of hell I might do things that would at least bring quiet to my soul; but it is impossible with the living corpse of Beulah Sands before me every minute and that devil machinery whirling in my brain all the time the song, ‘Revenge her and her father, revenge yourself.’ It is impossible to give it up, Jim. ”

“ I ask you whether, if an honest man knew how to beat Wall Street at its own game, he should hesitate to beat it—hesitate because of anything connected with conscience or morals? You saw what Barry Conant was able to do to us that day simply by standing on the floor of the Stock Exchange and outstaying me in opening and closing his mouth. You saw he was able to sell Sugar to a point so low that I was obliged to let go of our 150,000 shares at eight to ten million dollars less than we could have got for them if we could have held them until to-day. ”

“ I must stop this machinery that is smashing up more American hearts and souls each year than all the rest of earth’s grinders combined. Every day I delay I become more fiendish in my desires. Jim, don’t think I do not know that I have literally turned into a fiend. Whenever of late I see myself in the mirror, I shudder. When I think of what I was when your father stood us up in his office and started us in this heart-shrivelling, soul-callousing business, and what I am now, I cannot keep the madness down except with rum. ”

“ After a while it was whispered that there was something wrong in Bob’s household. Then his friends and acquaintances ceased to whisper or to think of his affairs. With all New York’s bad points—and they are as plentiful as her church spires and charity bazaars—she has one offsetting virtue. If a dweller in her midst chooses to let New York alone, New York is willing to reciprocate. In her most crowded fashionable districts a person may come and go for a lifetime, and none in the block in which he dwells will know when his coming and going ceases. ”

“ You know that every hundred millions dropped by real producers to the brigands of our world means lower wages or less of the necessities and luxuries for all the people, and especially for the farmer. You know that it is habit with us of Wall Street to gloat over the doctrine of the ‘System,’ which the people parrot among themselves, the doctrine that the people at large are not affected by our gambling, because they, the people, having no surplus to gamble with, never come into Wall Street. ”

“ The ‘System’ commits no legal crime. I committed no legal crime. I had not even infringed any rule of the Exchange, any more than had the ‘System’ when they performed their trick. Since my experimental panic I have repeatedly put the trick in operation, and each time I have taken millions, until to-day I have in my control, as absolutely as though I had honestly earned them, as the labourer earns his week’s wages, or the farmer the price of his crops, over $1,000,000,000, or sufficient to keep enslaved the rest of their lives a million people. ”

“ Night after night I have knelt at your desk and prayed to God to shield you, to protect you from all harm, to brush away the black cloud I brought into your life. I have asked Him to do with me, yes, with my father and mother, anything, anything if only He would bring back to you the happiness I had stolen. Bob, I have suffered, suffered, as only a woman can suffer. ”

“ It needed no ear trained to hear human heart and soul beats to detect the approaching sound of onrushing doom to the stock-gambling structure. The deafening roar of the brokers that had broken the stillness following Robert Brownley’s fateful speech had awakened echoes that threatened to shake down the Exchange walls. The surging mob on the outside was roaring like a million hungry lions in an Arbestan run at slaughter time. ”

“ But so hopeless have I become of late, so much am I reliant upon you, my dear child, and eternal hope so springs in all of us when confronted with great necessities, that I have hoped and still hope that you are to be the saviour of your family; that you, only a frail child, are through God’s marvellous workings to be the one to save the honour of that name we both love more than life; the one to keep the wolf of poverty from that door through which so far has come nothing but the sunshine of prosperity and happiness ”

“ To win, it was but necessary to have unlimited chips. If chips were bought and sold, on equal terms, by all, no one could buy more than he could pay for, and the game, although still a gambling one, would be fair. A few master tricksters, dollar magicians, long ago seeing this condition, invented the system by which the people are ruthlessly plundered. The system they invented was simple, so simple that for a quarter of a century it has remained undiscovered by the world at large—and even by you, who profess to be experts. ”

“ My father is one of the noblest men that ever lived. I am not the only one who says that—if you were to ask the people of our State to name the one man who had done most for the State as a State, most for her progressive betterment, most for her people high and low, white and black, they would answer, ‘Judge Lee Sands.’ He has been, and is, the idol of our people. After he was graduated from Harvard, he entered the law office of my grandfather, Senator Robert Lee Sands. ”

“ 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. ”

“ His ears were deaf not only to the howl of the terrified throng and the curses of the teamsters who frantically pulled their horses to the curb, but to my warnings as well. He swung the machine around the corner at New Street and into Wall as though it had been the broadest boulevard in the park. He took Wall Street at a bound I was sure would land us through the fence into Trinity’s churchyard. But no. Again he turned the corner, throwing the Juggernaut on its outside wheels from Wall Street into Broadway as the crowds on the sidewalk held their breath in horror. ”

“ Some seek the quiet of the woods, the soothing rustle of the leaves, the peaceful ripple of the brook when battling for their soul, but Bob’s woods appeared to be the shadowy places of misery, his rustling leaves the hoarse din of the multitude, and his brook’s ripple the tears and tales of the man-damned of the great city, for he stopped and conversed with many human derelicts that he met on his course. ”

“ In accepting my advice you can quiet your conscience, those of you who have any, with this argument: ‘If I start, I am sure of success. If I succeed, no one will be the wiser. The millions I secure I will take from men who took them from others, and who would take mine. The more I and others take, the sooner will come the day when the stock-gambling structure will fall.’
“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. ”

“ But my power is greater, a thousand, yes, a million times greater than theirs. Jim, they say that I have made more money than any man in the world. They say that I have five hundred millions of dollars, but the fools don’t keep track of my movements. They only know that I have pulled five hundred millions from my open whirls, the ones they have had an opportunity to keep tab on. But I tell you that I have made even more in my secret deals than the amount they have seen me take. I have had my agents with my capital in every deal, every steal the ‘System’ has rigged up. ”

“ Now, Jim Randolph, I want to tell you that you must get yours and the house’s affairs in such shape that you won’t be hurt when I go into that human rat-pit the next time, for when I come from it the New York Stock Exchange and the ‘System’ will have had their spines unjointed. Yes, and I’ll have their hearts out, too. Neither will ever again be able to take from the American people their savings and their manhood and womanhood and give them in exchange unadulterated torment. ”

“ You know, because you know the stock-gambling game, that the American people, with their boasted brains and courage, come year after year with their bags of gold, the result of their prosperous labours, and dump them, hundreds of millions, into this gambling-inferno of yours. You know that they are fools, these silly millions of people whom you term lambs and suckers. ”

“ She has no father, no mother, no sister, no one to protect and shield her. The ‘System’ has robbed her of all in life, even of herself, of everything, Jim, but me. I must try to win her back for herself, or to make her new world a happy one—a happy one for her. ”

“ A bull market, however terrific, always is tame beside a bear crash. In the few moments it took me to get to the floor, the battle had started. The greater part of the Exchange membership was in a dense mob wedged against the rail behind the Sugar-pole. I could not have got within yards of the centre of that crowd of men, fast becoming panic-stricken, if the fate of nations had depended on my errand. I had witnessed such a scene before. It represented a certain phase of Stock-Exchange-gambling procedure, where one man apparently has every other man on the floor against him. ”

“ Four years after Bob Brownley entered the Stock Exchange he had paid back the forty thousand, with interest, and not only had a snug fifty thousand to his credit on Randolph & Randolph’s books, but was sending home six thousand a year while living up to, as he jokingly put it, “an honest man’s notch.” I may say in passing, that a Wall Street man’s notch would make twice six thousand yearly earnings cast an uncertain shadow at Christmas time. Bob was the favourite of the Exchange, as he had been the pet at school and at college, and had his hands full of business three hundred days in the year. ”

“ But human nature, whether at horse sales or at stock-gambling, loves to be “hinky-dinked” as much as the moth loves to play tag with the candle flame. In five minutes Sugar was selling at 221, and the frantic shorts were grabbing for it as though there never was to be another share put on sale, while Barry Conant and his lieutenants were most industriously pushing it just beyond their reaching finger-tips, either by buying it as fast as it was offered by genuine sellers or by taking what their own pals threw in the air. ”

“ Gould and old man Rockefeller selling Pennsylvania to get even.’ Jim Randolph, I have to-day a billion dollars, not the Rockefeller or Carnegie kind, but a real billion. If I had no other power but the power to call to-morrow for that billion in cash, it would be sufficient to lay in waste the financial world before to-morrow night. You are welcome, Jim, to any part of that billion, and the more you take the happier you will make me, but when I strike in again, don’t attempt to stay me, for it will do no good. ”

“ Nature, environment, the security of a perfect marriage have ever combined to constitute me loyal to my chosen one, yet as I stood silent, like one dumb, absorbing the details of the loveliness of this young stranger who had so suddenly swept into my office, it came over me that here was a woman intended to enlighten men who could not understand that shaft which in all ages has without warning pierced men’s hearts and souls—love at first sight. ”

“ I have often thought some of the blackest tragedies of the earth might have been averted if there had been a true friend to stand at the wrung one’s elbow at the fatal minute of decision and point to the sun behind, just when the black ahead grew unendurable. Please follow Mr. Brownley that you may be ready, should his awakening to what he has done become unbearable. Tell him the dreaded morrows are never as terrible actually as they seem in anticipation. ”

“ Wall Street and the country will do well to take the moral of yesterday’s market to their heart. It is this: The concentration of wealth in the hands of a few Americans is a menace to our financial structure. It is the unanimous opinion of ‘the Street’ that Robert Brownley could never have succeeded in battering down the price of Sugar in the very teeth of the Camemeyer and Standard Oil support as he did yesterday, without a cash backing of from fifty to one hundred millions. ”