Notable and Quotable

The Financier

Theodore Dreiser, 1912

He knew instinctively what could be done with a certain sum of money – how as cash it could be deposited in one place, and yet as credit and the basis of moving checks, used in not one but many places at the same time.  When properly watched and followed this manipulation gave one the constructive and purchasing power of ten and a dozen times as much as the original sum might have represented…

There was no limit to the resources of which he now found himself possessed, except the resources of his own energy, ingenuity and the limits of time in which he was able to work.  The politicians did not realize what a bonanza he was making of it all for himself, because they did not understand the subtlety of his mind.

-the author describes a banker hatching  a scheme to manipulate municipal loans-


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