The Plungers & the Peacocks: 150 Years on Wall Street by Dana L. Thomas

By Dana L. Thomas

Filenote: PDF is searchable photograph ocr, bookmarked TOC, paginated with front/back . PDF has 328 pages
Publish 12 months note: First released 1967. replica is moment printing.
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The Legends of trade Series bargains readers vintage stories of buying and selling, company, and finance. This new unique paperback non-fiction sequence from Texere will breathe lifestyles into misplaced enterprise classics. all of the titles can be repackaged and republished, introducing those gem stones to a brand new readership. whereas the subjects might be broad-ranging, the Legends of trade books have something in common—they are pleasing reads. Designed to entertain with superb stories of intrigue, and adventure—all performed within the identify of business—readers are swept alongside within the narrative and achieve a greater realizing of those very important old classes, occasions, or figures from the area of trade.

The Plungers and the Peacocks is an unique portrait of the personalities and company battles of Wall highway, the main well-known monetary district on this planet. utilizing interviews with "old-timers" who lived throughout the occasions of the road from the Twenties to the 40's and memoirs, and letters, the writer has produced a sweeping narrative of "the video games humans played" in constructing America's monetary middle. Dana L. Thomas recounts a roller-coaster journey of pleasure and intrigue, from the slave auctions of Captain Kidd to the conflict by way of Robert younger to realize regulate of the hot York valuable Railroad.

Author Biography:
Dana L. Thomas was once an affiliate Editor of Barron's nationwide company and monetary Weekly. He attended Harvard the place he targeting background and economics. in the course of the moment international conflict he served as a information editor and armed forces historian connected to the 3rd military of basic George S. Patton.

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Extra info for The Plungers & the Peacocks: 150 Years on Wall Street (Legends of Commerce)

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If this letter been unable to his own leagues deliver. Gould's only chance was to get rid of holdings as quietly as possible without letting his col- know what he was they could actually be kept in a state of to buy more Gould gold. would be better if euphoria and induced doing. Indeed, it said nothing to his partners about exuded a massive confidence, advising Fisk and his other associates to go on buying. Fisk, who was no novice himself in skullduggery, was hoodwinked. He strolled into the office of his brokers and placed orders for several more millions of dollars' worth of gold.

42 THE PLUNGERS AND THE PEACOCKS ] Everything seemed propitious for the big steal. Affairs had been arranged down to the slightest detail; yet the conspirators were uneasy. The stakes were huge. The one unknown factor remained Grant's own attitude. He had not definitely revealed what his thinking was, and even though he had been trundled off to the hinterlands, the specter of some unexpected action by him continued to bedevil the Gould ring— to such an extent that it The overplayed its hand. ring had bought close contracts for over $110 million worth of gold, and it was in a cold sweat as the moment for the coup approached.

Rather than levy a stiff income tax on the people, an extremely mild tax was introduced, and the Government took office more the politically palatable tactic of printing $450 million money— greenbacks— to raise the bulk of the money Since the worth of the money depended on the ability in paper needed. of Washington to make good on its promise to redeem the currency in hard cash at some future time, this became associated in the popular mind with the fortunes of the armies on the battlefield. In view of the uncertainty of the outcome, the only currency of certain value was gold— the gold salted away hoarded under the mattress.

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