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Phillips, David Graham, 1867-1911

"The Deluge"

I must find some new,
some compelling drug--some frenzy of activity that would swallow up my self
as the battle makes the soldier forget his toothache. This confession may
chagrin many who have believed in me. My enemies will hasten to say: "Aha,
his motive was even more selfish and petty than we alleged." But those who
look at human nature honestly, and from the inside, will understand how I
can concede that a selfish reason moved me to draw my sword, and still
can claim a higher motive. In such straits as were mine, some men of my
all-or-none temperament debauch themselves; others thresh about blindly,
reckless whether they strike innocent or guilty. I did neither.
Probably many will recall that long before the "securities" of the
reorganized coal combine were issued, I had in my daily letter to investors
been preparing the public to give them a fitting reception. A few days
after my whole being burst into flames of resentment against Anita, out
came the new array of new stocks and bonds. Roebuck and Langdon arranged
with the under writers for a "fake" four times over-subscription, indorsed
by the two greatest banking houses in the Street. Despite this often-tried
and always-good trick, the public refused to buy.


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