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Phillips, David Graham, 1867-1911

"The Deluge"

And when Roebuck,
with an air like a benediction from a bishop backed by a cathedral organ
and full choir, gave me the tip to buy coal stocks, I canonized him on the
spot. Never did a Jersey "jay" in Sunday clothes and tallowed boots respond
to a bunco steerer's greeting with a gladder smile than mine to that pious
old past-master of craft.
I will say, in justice to myself, though it is also in excuse, that if I
had known him intimately a few years earlier, I should have found it all
but impossible to fool myself. For he had not long been in a position where
he could keep wholly detached from the crimes committed for his benefit
and by his order, and where he could disclaim responsibility and even
knowledge. The great lawyers of the country have been most ingenious in
developing corporate law in the direction of making the corporation a
complete and secure shield between the beneficiary of a crime and its
consequences; but before a great financier can use this shield perfectly,
he must build up a system--he must find lieutenants with the necessary
coolness, courage and cunning; he must teach them to understand his hints;
he must educate them, not to point out to him the disagreeable things
involved in his orders, but to execute unquestioningly, to efface
completely the trail between him and them, whether or not they succeed in
covering the roundabout and faint trail between themselves and the tools
that nominally commit the crimes.


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