Speculation And Its Consequence

Title:     Speculation And Its Consequence
Author: John S. Adams


SPECULATION is business in a high fever. Its termination is generally very decided, whether favorable or otherwise, and the effect of that termination upon the individual most intimately connected with it in most cases unhealthy.
It was a truth long before the wise man wrote it, that making haste to be rich is an evil; and it always will be a truth that the natural, unforced course of human events is the only sure, the only rational one.
The desire to be rich, to be pointed out as wealthy, is a very foolish one, unless it be coupled with a desire to do good. This is somewhat paradoxical; for the gratification of the last most certainly repels that of the first, inasmuch as he who distributes his gains cannot accumulate to any great extent.
Wealth is looked at from the wrong stand-point. It is too often considered the end, instead of the means to an end; and there never was a greater delusion in the human mind than that of supposing that riches confer happiness. In ninety-nine cases out of every hundred the opposite is the result. Care often bears heavily on the rich man's brow, and the insatiate spirit asks again and again for more, and will not be silenced. And this feeling will predominate in the human mind until man becomes better acquainted with his own true nature, and inclines to minister to higher and more ennobling aspirations.
In one of the most populous cities of the Union there resided, a few years since, a person in moderate circumstances, by the name of Robert Short. Bob, as he Was usually called, was a shoemaker. With a steady run of custom, together with prudence and economy combined, he was enabled to support his family in an easy and by no means unenviable style. He did not covet the favors and caresses of the world. He looked upon all,--the rich, the poor, the prince, the beggar,--alike, as his brethren. He believed that all stood upon one platform, all were bound to the same haven, and that all should be equally interested in each other's welfare. With this belief, and with rules of a similar character, guided by which he pursued his course of life, it was not to be wondered at that he could boast of many friends, and not strange that many should seek his acquaintance. There is a desire planted in the hearts of honest men to associate with those who, ambitious enough to sustain a good character, are not so puffed up with pride, or so elevated in their own estimation, as to despise the company of what are termed "the common people." It was pleasant, of a winter's evening, to enter the humble domicile of Mr. Short, and while the howling storm raged fiercely without, and the elements seemed at war, to see the contentment and peace that prevailed within. Bob, seated at his bench, might be seen busily employed, and, as the storm increased, would seem to apply himself more diligently to his task. Six or perhaps eight of his neighbors might also be seen gathered around, seated upon that article most convenient,--whether a stool or a pile of leather, it mattered not,--relating some tale of the Revolution, or listening to some romantic story from the lips of the respected Mr. Short. 'T was upon such an evening, and at such a place, that our story commences. Squire Smith, Ned Green, and a jovial sort of a fellow by the name of Sandy, were seated around the red-hot cylinder. Squire Smith was what some would term a "man of consequence,"-at least, he thought so. Be it known that this squire was by no means a daily visitor at the work-shop of our hero. He came in occasionally, and endeavored to impress upon his mind that which he had settled in his own, namely, that he, Robert Short, might be a great man.
"I tell you what," said he, with an air of importance, "I tell you what, it is against all reason, it is contrary to common sense and everything else, that you remain any longer riveted down to this old bench. It will be your ruin; 'pend upon it, it will be your ruin."
"How so?" eagerly inquired Mr. Short.
"Why," replied the squire, "it's no use for me to go into particulars. But why do you not associate with more respectable and fashionable company?"
"Is not the present company respectable?" resumed Mr. Short; "and as for the fashion, I follow my own."
Squire Smith did not reply to this inquiry, but stood shaking his head, and appeared at a loss for words with which to answer.
"Perhaps your ideas of respectability," continued the squire, "are not in accordance with mine."
"Ay, ay; true, true," interrupted Sandy, with a shrug of the shoulder.
Mr. Smith continued his remarks, appearing not to notice the interruption. "Perhaps," said he, "one may be as honest as the days are long; but, sir, he is far from being respectable, in my humble opinion, if he is not genteel,--and certainly if he is not fashionably dressed he is not. He does not think enough of himself; that's it, my dear Mr. Short, he does not think enough of himself."
"But he is honest," replied Mr. Short. "Supposing he does not dress so fashionably as you would wish, would you condemn him for the cut of his coat, or the quality of his cloth? Perhaps his means are not very extensive, and will not admit of a very expensive outlay, merely for show. It is much better, my dear sir, to be clothed in rags and out of debt, than to be attired in the most costly apparel, and that not paid for. Sir, to hold up your head and say you owe no man, is to be free, free in the truest sense of the word."
"Ah, I must be on the move," interrupted the squire, at the same time looking at his "gold lever." And off he started.
Squire Smith had said enough for that night; to have said more would have injured his plan. Mr. Green and Sandy shook hands with their friend Robert, and, it being late, they bade him "good-by," and parted. Our hero was now left alone. Snuffing the candle, that had well-nigh burnt to the socket, he placed more fuel upon the fire, and, resting his hands upon his knees and his head upon his hands, he began to think over the sayings of his friend the squire.
Robert Short saw nothing of the squire for many days after the event just described transpired. One day, as he began his work, the door was suddenly thrown open, and the long absent but not forgotten squire rushed in, shouting "Speculation! speculation!" Mr. Short threw aside his last, and listened with feelings of astonishment to the eloquent words that fell from the lips of his unexpected visitor. "Gull, the broker," continued the squire, "has just offered me a great bargain. I have come to make a proposition which is, that you and I accept his offer, and make our fortunes."
"Fortunes!" exclaimed the son of Crispin; "speculate in what?"
"In eastern land," was the reply.
Bob Short's countenance assumed a desponding appearance; he had heard of many losses caused by venturing in these speculations, and had some doubts as to his success, should he accept. Then, again, he had heard of those who had been fortunate, and he inquired the conditions of sale.
"Why," replied Mr. Smith, Esq., "old Varnum Gull has three thousand acres of good land, upon which are, as he assures me, some beautiful watering places. It is worth five dollars an acre; he offers it to me for one, and a grand chance it is; the terms are cash."
"Are you certain as to the quality of the land?" inquired Mr. Short.
"Perfectly certain," was the reply. "I would not advise you wrong for the world; but I now think it best to form a sort of co-partnership, and purchase the land. There is no doubt but that we can dispose of it at a great advantage. Will you not agree to my proposals, and accept?"
"I will," answered Mr. Short. "But how can I obtain fifteen hundred dollars? I have but a snug thousand."
"O, don't trouble yourself about that," replied the delighted squire. "I will loan you the balance at once. You can return it at some convenient time. What say you will you accompany me to the broker's, and inform him of the agreement?"
Mr. Short, after a moment's delay, arose, and, laying aside his leather apron, took the squire by the arm, and both sallied forth in search of the office of Varnum Gull. After wending their way through short streets and long lanes, narrow avenues and wide alleys, they came to a small gate, upon which was fastened a small tin sign with the following inscription: "V. Gull, broker, up the yard, round the corner, up two pair of stairs." The squire and Mr. Short followed the directions laid down, and, having gone up the yard and turned round the corner, they found themselves at the foot of the stairs. They stood for a moment silent, and were about to ascend, when a voice from above attracted their attention.
"'Ollo, Squire, 'ere's the box; walk right up 'ere; only look out, there's an 'ole in the stairs."
Our hero looked above, and perceived a man with green spectacles drawing his head in.
"We will go up," said the squire, "and look out for the hole; but, as the stairway is rather dark, we shall not see much; therefore we shall be obliged to feel our way."
They ascended, and escaped without injury. A little short man met them at the door, holding in his hand a paper bearing some resemblance to a map.
"Really, Mr. Smith, I feared you would lose that 'ere bargain I expatiated on. I 'ave received many good offers, but 'ave reserved it for you. Your friend, ha?" he continued, at the same time striking Mr. Short in no gentle manner upon the shoulder.
"Not friend Hay, but friend Short," replied the squire.
"Hall the same, only an error in the spelling," resumed the broker. "Good-morning, Mr. Short; s'pose you 'ave become 'quainted with the rare chance I've offered, an't ye? and wish to accept it, don't ye? and can pay for it, can't ye? Such an opportunity is seldom met with, by which to make one's fortune."
"Well," replied Mr. Short, improving the time Mr. Gull stopped to breathe, "well, I had some idea of so doing." "Hidea!" quickly responded the broker; "why will you 'esitate? read that!" and he handed a paper to Mr. Short which paper he kept for reference, and pointed out to him an article which read as follows:
"It is astonishing what enormous profits are at present realized by traders in Eastern Land. One of our neighbors purchased a thousand acres, at one dollar and twenty-five cents per acre, of Gull, our enterprising broker, and sold it yesterday for the round sum of three thousand dollars, receiving thereby the enormous profit of nineteen hundred and seventy-five dollars. He was a poor man, but by this lucky movement has become rich."
As soon as our hero had read this cheering intelligence, he became elated with the prospect, and soon came to a final agreement with the squire to accept the offer. Papers were drawn up, signed by each, and a check given to the broker, for which was returned a deed for the land. They then left the office, Mr. Gull politely bidding them good-by, with a caution to look out for the "'ole." They did look out for the hole, but it might have been that the cunning broker referred to a hole of more consequence than that in the stairs. The squire on that day invited Mr. Short to his house to dine. This, however, he did not accept, but returned to his shop. One week had passed away, during which time the squire was often at the shop of Bob Short, but no customer had yet applied for the land. It was near dusk on the eighth day succeeding the purchase, as they were talking over the best way by which to dispose of it, when a short man entered, wrapped up in a large cloak, and a large bushy fur cap upon his head.
"I understand," said he, "you have a few acres of land you wish to dispose of."
"Exactly so," answered the squire.
"And how much do you charge per acre?" inquired the stranger.
"That depends upon the number you wish. Do you wish to purchase all?"
"That depends upon the price charged," was the reply.
"If you wish all," continued Mr. Smith, "we will sell for four dollars an acre. That is dog cheap, and a great sacrifice."
"Well," resumed the stranger, "I will take it on conditions; namely, I will pay you your price, and if the land answers my purpose I will keep it,--if not, you will return me the amount of money I pay."
"That is rather a hard bargain. I know it to be good land," answered the squire.
"Then," continued the stranger, "if you know it to be good, certainly there can be no danger in disposing of it on the conditions I have named."
After a few moments' conversation with Mr. Short, they agreed to sell to the stranger. Papers were immediately drawn up and signed by Messrs. Smith and Short, agreeing to return the money provided the land did not give satisfaction. The sum of twelve thousand dollars was paid in cash to the signers, and the papers given into the hands of the purchaser, who then left. Robert Short on that night did really feel rich. This was six thousand dollars apiece; after Mr. Short had paid the fifteen hundred borrowed, he had forty-five hundred left. Both were equally certain that the land would give entire satisfaction, and acted according to this belief. With a light heart he went home, and communicated the joyful intelligence to his wife, who had from the first been opposed to the trade. He did not, however, inform her of the terms on which he had sold. In a few days he had disposed of his shop and tools to one of his former workmen. Many were surprised when the sign of "Robert Short" was taken from its long resting-place over the door. Mr. Short now began to think the house in which he had for many years resided was not quite good enough, and therefore engaged a larger and more expensive one. He ordered new furniture, purchased a carriage and horses, and had his new house fitted out under the direction of his friend, the squire. He rented a large store; bought large quantities of shoes and leather, partly on credit. His business at first prospered, but in a short time became quite dull; his former customers left, and all business seemed at a stand-still. In the mean time, the broker had left town, having sold out his office to a young man. Matters stood thus, when, early in the morning on a pleasant day in June, as the squire and Mr. Short were seated in the counting-room of the latter, a man dressed in a light summer dress entered.
"Good-morning," said the visitor. "Business is quite lively, I suppose?"
"O, it's moderate, nothing extra," replied Mr. Short; "won't you be seated?"
The stranger seated himself.
"Mr. Robert Short is your name, is it not?" he inquired.
"It is, sir."
"Did I not make a bargain with you about some eastern land, a few months since?"
"Yes, some person did;" and Mr. Short immediately recognized him as the purchaser. The new comer then took from his pocket the paper of agreement, and presented it for the inspection of the two gentlemen.
"Are you not satisfied with your bargain?" inquired Mr. Smith.
"Not exactly," replied the stranger, laughing.
"Why, what fault is there in it?"
"Well," replied the stranger, "I suppose a report of my examination will be acceptable."
"Certainly, sir," replied Mr. Short.
"Then I can give it in a few words. It is a good watering place, being WHOLLY COVERED WITH WATER; and is of no value unless it could be drained, and that, I think, is impossible."
The squire was astonished; Mr. Short knew not what to
"What is the name of the water bought for land?" inquired Squire Smith.
"The location of it is in a large pond of water, twelve miles in length, and about six in width, and is known in those parts by the name of the 'Big Pond.' But," continued the stranger, "I must be gone; please return me my money, according to agreement."
After some talk, the stranger agreed to call the next day. The next day came, and with it came the stranger. Mr. Short had tried in vain to obtain the requisite sum, and was obliged to request him to call the next day. He came the next day, and the next, and the next, but received no money; and he was at length obliged to attach the property of the squire, as also that of Mr. Short. His other creditors also came in with their bills. All the stock of Mr. Short was sold at auction, and he was a poor man. He obtained a small house, that would not compare with the one he had lived in in former years. He had no money of his own, and was still deeply in debt. He was obliged to work at such jobs as came along, but at length obtained steady employment. The squire, who was the prime cause of all his trouble, sailed for a foreign port, leaving all his bills unpaid, In a short time Mr. Short obtained a sufficient sum to buy back his old shop, in which to this day he has steadily worked, with a vivid remembrance of the consequence of speculation.
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John S. Adams's Short Story: Speculation And Its Consequence