Bidwell's Travels, from Wall Street to London Prison 3 – Bidwell · Verses Across
Literature · Crime, Thrillers & Mystery
Bidwell's Travels, from Wall Street to London Prison 3Chapter 2
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Literature · Crime, Thrillers & Mystery
Bidwell's Travels, from Wall Street to London Prison 3
Chapter 2
BidwellEnglish
"'TWAS EVER THUS." OF COURSE IT WAS.
The situation my father had obtained for me was with a sugar broker by the name of Waterbury. He was a partner in a large refinery, his office being in South Water street. He was a nice, conservative old man, and let things run on easily. His chief clerk, Mr. Ambler, was every inch a gentleman, who, quickly perceiving what an ignoramus I was, out of the goodness of his heart resolved to teach me something.
There were two sharp young men in our office. They liked me well enough, but used to guy me unmercifully for my simplicity and clumsiness. One of them, Harry by name, was something of a scapegrace, and soon acquired quite a power over me. I stood in much fear of his ridicule, and frequently did things for which my conscience reproached me, rather than stand the fire of his raillery. The greatest harm he did me was in firing my imagination with stories of Wall street, of the fortunes that were and could be made in the gold room or on 'Change. He made tolerably clear the modus operandi of speculators, and I secretly resolved that some day I, too, would try my fortune.
My friend Mr. Ambler's health was bad, and frequent attacks of illness caused him to be away from the office for weeks at a time, and that meant much loss to me. When I had been there about a year, he resigned his position and went as manager for a factory in New Haven. But before leaving he interested himself so far in my welfare as to secure me a position with a firm of brokers in New street, at a salary of $10 a week. My employers were good fellows, lovers of pleasure and men of the world, not scrupling to talk freely with me of their various adventures out of business hours. I had lost much of my awkwardness and gauche manners, and under the $10 a week arrangement began to dress fairly well. My employers did a brokerage business and speculated as well on their own account. My duties were decidedly light and pleasant, and brought me into contact with some of the sharpest as well as the most famous men in the street. Among them was a brilliant young man of my own age, who took a great fancy to me, and frequently proposed that we should start for ourselves. Being doubtful of my powers, I shrank from risking my scanty funds in any speculative venture. Much to my mother's concern, I had begun attending the theatre, and one night, on my friend Ed Weed's invitation, I went with him to Niblo's. After the performance we went to supper at Delmonico's, and I was perfectly fascinated by the company and surroundings, going home long past midnight a different man than I had last left it.
The next day Ed came to the office and invited me to lunch, where, after making some disparaging remarks about the country cut of my garments, he offered to introduce me to his tailor, who was never in a hurry for his money. After business that day we walked uptown together, and, prompted by Ed, I ordered $150 worth of garments, then went to his outfitter and ordered nearly an equal amount in shirts, ties, gloves, etc.
One amusing result was that when, a few days later, I walked down to our office, comme il faut in garb, my employers raised my salary to $30 a week, but this left me poorer than when I had husbanded my poor little $10. Soon after, piloted by Ed, I ventured $50 on a margin in gold. Unluckily, I won, invested again and again, and within fourteen days was $284 ahead. I paid my tailor and outfitter's bill, bought a $100 watch on credit, and gave a wine supper on borrowed money. Soon after this I went to board at the old St. Nicholas, the then fashionable hotel. From that time I began to drift more and more away from home influences.
Soon after the wine supper episode I threw up my position, and Ed and I started on our own account under the name of E. Weed & Co. My partner's parents were wealthy, and his father had been well known in the street, which fact gave us standing.
The years I speak of were fortunate ones for Wall street, stocks of every kind on the boom, the general wealth of the country massing up by leaps and bounds, and every kind of speculative enterprise being launched. Our firm history was the usual one of broker firms in that tumultuous arena--the Wall street of those days--commissions in plenty, a large income, but one's bank account never growing, for what was made by day in the wild excitement of shifting values was thrown away amid wilder scenes at night. Those, too, were, indeed, the flush times for the professional gambler; for men were not content unless they burned the candle at both ends. Day faro banks were open everywhere around the Exchange, and enormous sums were nightly staked in the uptown games. These were everywhere--all protected, and the proprietors invested their money for rent, fixtures, etc., with as much confidence, and kept their doors open as freely, as if embarked in a legitimate speculation. Hundreds who spent the business hours of the day in the mad excitement of the Exchange flocked around the green cloth at night, devoting the same intensity of thought and brain to the turning of a card which earlier in the day they had given to the market reports of the world. Small wonder that death cut such wide swaths in the army of brokers. Statistics show that it was more fatal to belong to that army than to an army in the field.
Ed loved to have me with him, and I used to accompany him to a game, then quite famous, run by John Morrissey, who later became a member of Congress. At this time I never ventured a single bet, and did not like to visit the place. But Ed would beg me to go, and always promised faithfully not to remain more than twenty minutes. Of course, his twenty minutes would lengthen into hours. Frequently I would take a chair into a corner and go to sleep until he left the game, that being almost any hour between midnight and morning. As usual, in such places, an elegant supper was served free at midnight. The proprietor was always rather attentive to me, and, to give him the credit due, seemed anxious that I should not play. At supper he always reserved the chair next to himself for me. One night while standing beside the roulette wheel, no one was playing, and the dealer was idly whirling the ball, a sudden impulse seized me, and the ball then rolling, I pulled a $20 bill from my pocket and threw it down on the red remarking, "I'll lose that to pay for my suppers." Unhappily I won, and, laughing, turned to the dealer and said: "Here, give me my money. I am done," and a moment later went out with my friend, fully determined never more to gamble. But, being in there the next night, I, of course, ventured again. Again I was so unfortunate as to win, and within a short time staked and lost or won nightly. But something worse than gambling was ahead of me, just at the very door.
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Literature · Crime, Thrillers & Mystery
Bidwell's Travels, from Wall Street to London Prison 4
