CodalSearch this book — or all of Codal…⌘K
nydus/Frenzied Finance, Vol. 1: The Crime of AmalgamatedPublic

This volume compiles a series of articles originally published in Everybody's Magazine concerning the practices of high finance. The author presents a historical account of business dealings spanning twelve years and challenges readers to evaluate the veracity of the events described.

Page 316 of 731
Table of Contents

CHAPTER XII

given us the right to buy of them 100,000 shares of their stock (at a price $2,250,000 less than we had already sold it for), with the understanding—not in words or in writing, of course, because "Standard Oil" never makes a promise in writing, but implied as sacredly as though it had been set down and attested under oath—that we would take and pay for their stock and engage with them in their enterprise, giving them the benefit of our experience, our capital, and our prestige. I say they had every reason to assume that we were acting in absolute good faith, and no ground to suppose that there was any ulterior motive behind our negotiations. It must be remembered that this occurred some years ago, before the "System's" perfidy was a calculated contingency.

The knife was now in, but the "System" had still to corkscrew it in the wound.

316