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Phillips, David Graham, 1867-1911

"The Deluge"

Yet how could I buy when I was gambling in Textile up to my limit
of safety, if not beyond?
I did not dare confess to Roebuck what I was doing in Textile. He was
bitterly opposed to stock gambling, denouncing it as both immoral and
unbusinesslike. No gambling for him! When his business sagacity and
foresight(?) informed him a certain stock was going to be worth a great
deal more than it was then quoted at, he would buy outright in large
quantities; when that same sagacity and foresight of the fellow who has
himself marked the cards warned him that a stock was about to fall, he sold
outright. But gamble--never! And I felt that, if he should learn that I had
staked a large part of my entire fortune on a single gambling operation, he
would straightway cut me off from his confidence, would look on me as too
deeply tainted by my long career as a "bucket-shop" man to be worthy of
full rank and power as a financier. Financiers do not gamble. Their only
vice is grand larceny.
All this was flashing through my mind while I was thanking him.
"I am glad to have such a long forewarning," I was saying. "Can I be of use
to you? You know my machinery is perfect--I can buy anything and in any
quantity without starting rumors and drawing the crowd.


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