Chapters (35)
- Maps
- Preface
- New Amsterdam
- New York
- The Boston Girl
- The Philadelphia Girl
- Montayne’s Tavern
- London
- Abigail
- The Loyalist
- The Patriot
- Vanessa
- War
- Fire
- Love
- The Capital
- Niagara
- Past Five Points
- Crystal Palace
- Lincoln
- The Draft
- Moonlight Sonata
- Snow
- Old England
- Ellis Island
- Empire State
- Brooklyn
- Verrazano Narrows
- After Dark
- Giving Birth
- Millennium
- The Board Game
- The Towers
- Epilogue
- Acknowledgments
Frank listened. Of course, everyone knew about the years after the Civil War. If the railroad men of today were like feudal barons, the Wall Street of the late sixties had been like the Dark Ages—when New York City corruption had come to the markets. To hear the story told by one of the operators was an opportunity not to be missed.
“I always said that your friend Fernando Wood could have done even better for himself,” said Gabriel Love to Sean, “if he’d stayed closer to Tammany Hall.”
“Probably right,” acknowledged O’Donnell.
“Tammany Hall is the answer to everything in this city, and Boss Tweed understood that. You can make money in a small way without politics. But to make the big money, you need to buy the legislature. Can’t be done otherwise.”
“City contracts,” said O’Donnell, with affection.
“City contracts, certainly,” Love echoed. “By all means, there’s fortunes in city contracts. But that’s only a beginning for a man with vision. And Boss Tweed had vision. You want your railroad to go a certain way, and the city or the state has to grant you the permission? Then you need to pay the legislators. Put some of them on your board. Your company is being sued? Then you need to buy a judge. Tammany arranged all that. Boss Tweed was your man.” He closed his eyes for a moment, savoring the memory. “The police were all good Tammany boys. The judges, the legislators, even the governor of New York State, he’d bribed them. On Wall Street, we made hay. You could water stock, short-sell your shareholders, anything was possible. And if a judge ruled against you, why, he’d get another one to give you a counter-judgment that would keep the game in play for years.
“Those were the days for men of vision. Jay Gould—and he, in my opinion, was the greatest speculator of them all—he almost persuaded the President of the United States, Ulysses Grant himself, to hold back the bullion reserves so that Gould could corner the gold market. For Ulysses Grant, great man though he was, did not understand such high matters. Yes, sir, he made use of the president himself. And if some interfering villain hadn’t told Grant what Mr. Gould was up to, he would have pulled it off. That would have been sweet.” He sighed. “But the Stock Exchange, and the damn Bar Association, and Mr. Morgan and his like, they’re closing all that down.” He shook his head at the folly of the thing. “The joy is leaving the market, gentlemen. The odds cannot be properly stacked. And Gabriel Love is leaving too.”
“But the game’s not over,” said Sean. “There’s plenty that can still be done on Wall Street—look at what you’re doing now.”
For just an instant, so quick you hardly saw it, Mr. Love shot O’Donnell a warning glance.
“Why, even Mr. Morgan could do what we’re doing,” he said reprovingly. Then he sighed again. “I’ve retired, O’Donnell,” he said. “For me, the game is over.”