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How Shrewd Men Are Ruined 1869
 

 
 
 
 
The sudden collapse of fortunes, closing of elegant mansions, the selling off of plate and horses at auction, the hurling of men down from first class positions to subordinate posts, is an every-day occurrence in New York. In almost every case these reverses result from outside trading, and meddling with matters foreign to one's legitimate business. The city is full of sharp rogues and unprincipled speculators, who lie awake nights to catch the unwary. None are more easily ensnared than hotel-keepers, and this is the way it is done: A well-dressed, good-looking man comes into a hotel, and brings his card as the president of some great stock company. In a careless, indifferent way he asks to look at a suite of rooms. He has previously ascertained that the proprietor has from fifty to a hundred thousand dollars in the bank waiting for something to turn up. The rooms shown are not good enough. He wants rooms that will accommodate certain distinguished gentlemen, whom he names, who happen to be the well-known leading financiers of the great cities. A better suite is shown the president. The cost is high, one thousand dollars a month. But the rooms suit; he must accommodate his friends; a few thousands one way or the other won't make much difference with his company; so he concludes to take the rooms.

The landlord hints at references; the president chuckles at the idea that he should be called upon for references; he never gives any; but if the landlord wants one or two thousand dollars, he can have it. "Let me see," the president says, very coolly, "I shall want these rooms about six months, off and on. I may be gone half the time, or more. If it's any accommodation to you, I will give you my check for six thousand dollars, and pay the whole thing up." Of course the landlord is all smiles, and the president takes possession. Before the six months are out, from fifty to a hundred thousand dollars of the landlord's money goes into the hands of the speculator, and a lot of worthless stock is locked up in the safe of the hotel.

Another scheme is equally successful. The rooms are taken, and the occupant is the most liberal of guests. Champagne suppers and costly viands are ordered without stint, and promptly paid for. Coaches with liveried drivers and footmen, hired for the occasion, leave imposing cards at the hotel. The obsequious landlord and well-feed steward pay especial attention to the wants of the liberal guest. Waiters fly at his command, and the choicest tit-bits are placed before him. Picking his teeth after breakfast while the landlord is chatting with him some Saturday morning when it rains, he expresses a wish, rather indifferently, that he had fifty thousand dollars. His banker won't be home till Monday, don't care much about it, get it easy enough going down town, wouldn't go out in the rain for twice the sum, indifferent about it, and yet evidently annoyed.

The landlord goes into his office and examines his bank account, and finds he can spare fifty thousand dollars, without any inconvenience, till Monday. Glad to accommodate his distinguished guest, who is going to bring all the moneyed men to his hotel, he hands over the money, which is refused two or three times before it is taken.

On Monday morning the hotel man finds that his distinguished tenant has put a Sabbath between himself and pursuit. Such tricks are played constantly, and new victims are found every day.

 

 
 
Website: The History Box.com
Article Name:   How Shrewd Men Are Ruined 1869
Researcher/Transcriber: Miriam Medina

Source:

 Sunshine and Shadow in New York by Matthew Hale Smith; J.B. Burr and Company-Hartford 1869
Time & Date Stamp:  

 

   
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