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Phillips, David Graham, 1867-1911

"The Deluge"

As it was--
Four months before, in the same situation, had I seen Textiles stagger as
they staggered in the first hour of business on the Stock Exchange that
morning, I'd have sounded the charge, clapped spurs to my charger, and
borne down upon them. But--I had my new-born yearning for "respectability";
I had my new-born squeamishness, which led me to fear risking Bob Corey
and his bank and the money of my old friend Healey; finally, there was
Anita--the longing for her that made me prefer a narrow and uncertain
foothold to the bold leap that would land me either in wealth and power
or in the bottomless abyss.
Instead of continuing to sell Textiles, I covered as far as I could; and
I bought so eagerly and so heavily that, more than Langdon's corps of
rocketers, I was responsible for the stock's rally and start upward. When I
say "eagerly" and "heavily," I do not mean that I acted openly or without
regard to common sense. I mean simply that I made no attempt to back up my
followers in the selling campaign I had urged them into; on the contrary,
I bought as they sold. That does not sound well, and it is no better than
it sounds. I shall not dispute with any one who finds this action of mine
a betrayal of my clients to save myself.


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