It was torn to shreds, it was reviled as subversive of morality and religion, good arrows in those days. It was called puerile, half–educated stuff—I half–educated! More, an utterly false charge of plagiarism was cooked up against me and so well and venomously run that vast numbers of people concluded that I was a thief of the lowest order. Lastly, my father, from whom the secret could no longer be kept, sternly disapproved of both these books which I admit were written from a very radical and somewhat anti–church point of view. The result was our first quarrel and before it was made up, he died suddenly.
Now again fastidiousness and my lack of perseverance did their work, and solemnly I swore that I would never write another book, an oath which I have kept till this moment, at least so far as publication is concerned, and now break only because I consider it my duty so to do and am not animated by any pecuniary object.
Thus came to an end my second attempt at carving out a career. By now I had grown savage and cynical, rather revengeful also, I fear. Knowing myself to possess considerable abilities in sundry directions, I sat down, as it were, to think things over and digest my past experiences. Then it was that the truth of a very ancient adage struck upon my mind, namely, that money is power. Had I sufficient money I could laugh at unjust critics for example; indeed they or their papers would scarcely dare to criticise me for fear lest it should be in my power to do them a bad turn. Again I could follow my own ideas in life and perhaps work good in the world, and live in such surroundings as commended themselves to me. It was as clear as daylight, but—how to make the money?
I had some capital as the result of my father's death, about £8,000 in all, plus a little more that my two books had brought in. In what way could I employ it to the best advantage? I remembered that a cousin of my father and therefore my own, was a successful stock–broker, also that there had been some affection between them. I went to him, he was a good, easy–natured man who was frankly glad to see me, and offered to put £5,000 into his business, for I was not minded to risk every thing I had, if he would give me a share in the profits. He laughed heartily at my audacity.
"Why, my boy," he said, "being totally inexperienced at this game, you might lose us more than that in a month. But I like your courage, I like your courage, and the truth is that I do want help. I will think it over and write to you."
He thought it over and in the end offered to try me for a year at a fixed salary with a promise of some kind of a partnership if I suited him. Meanwhile my £5,000 remained in my pocket.
I accepted, not without reluctance since with the impatience of youth I wanted everything at once. I worked hard in that office and soon mastered the business, for my knowledge of figures—I had taken a first–class mathematical degree at college—came to my aid, as in a way did my acquaintance with Law and Literature. Moreover I had a certain aptitude for what is called high finance. Further, Fortune, as usual, showed me a favourable face.
In one year I got the partnership with a small share in the large profits of the business. In two the partner above me retired, and I took his place with a third share of the firm. In three my cousin, satisfied that it was in able hands, began to cease his attendance at the office and betook himself to gardening which was his hobby. In four I paid him out altogether, although to do this I had to borrow money on our credit, for by agreement the title of the firm was continued. Then came that extraordinary time of boom which many will remember to their cost. I made a bold stroke and won. On a certain Saturday when the books were made up, I found that after discharging all liabilities, I should not be worth more than £20,000. On the following Saturday but two when the books were made up, I was worth £153,000! L'appetit vient en mangeant. It seemed nothing to me when so many were worth millions.
For the next year I worked as few have done, and when I struck a balance at the end of it, I found that on the most conservative estimate I was the owner of a million and a half in hard cash, or its equivalent. I was so tired out that I remember this discovery did not excite me at all. I felt utterly weary of all wealth–hunting and of the City and its ways. Moreover my old fastidiousness and lack of perseverance re–asserted themselves. I reflected, rather late in the day perhaps, on the ruin that this speculation was bringing to thousands, of which some lamentable instances had recently come to my notice, and once more considered whether it were a suitable career for an upright man. I had wealth; why should I not take it and enjoy life?
Also—and here my business acumen came in, I was sure that these times could not last. It is easy to make money on a rising market, but when it is falling the matter is very different. In five minutes I made up my mind. I sent for my junior partners, for I had taken in two, and told them that I intended to retire at once. They were dismayed both at my loss, for really I was the firm, and because, as they pointed out, if I withdrew all my capital, there would not be sufficient left to enable them to carry on.
One of them, a blunt and honest man, said to my face that it would be dishonourable of me to do so. I was inclined to answer him sharply, then remembered that his words were true.
"Very well," I said, "I will leave you £600,000 on which you shall pay me five per cent interest, but no share of the profits."
On these terms we dissolved the partnership and in a year they had lost the £600,000, for the slump came with a vengeance. It saved them, however, and to–day they are earning a reasonable income. But I have never asked them for that £600,000.
Chapter II
Bastin and Bickley
Behold me once more a man without an occupation, but now the possessor of about £900,000. It was a very considerable fortune, if not a large one in England; nothing like the millions of which I had dreamed, but still enough. To make the most of it and to be sure that it remained, I invested it very well, mostly in large mortgages at four per cent which, if the security is good, do not depreciate in capital value. Never again did I touch a single speculative stock, who desired to think no more about money. It was at this time that I bought the Fulcombe property. It cost me about £120,000 of my capital, or with alterations, repairs, etc., say £150,000, on which sum it may pay a net two and a half per cent, not more.
This £3,700 odd I have always devoted to the upkeep of the place, which is therefore in first–rate order. The rest I live on, or save.
These arrangements, with the beautifying and furnishing of the house and the restoration of the church in memory of my father, occupied and amused me for a year or so, but when they were finished time began to hang heavy on my hands. What was the use of possessing about £20,000 a year when there was nothing upon which it could be spent? For after all my own wants were few and simple and the acquisition of valuable pictures and costly furniture is limited by space. Oh! in my small way I was like the weary King Ecclesiast. For I too made me great works and had possessions of great and small cattle (I tried farming and lost money over it!) and gathered me silver and gold and the peculiar treasure of kings, which I presume means whatever a man in authority chiefly desires, and so forth. But "behold all was vanity and vexation of spirit, and there was no profit under the sun."
So, notwithstanding my wealth and health and the deference which is the rich man's portion, especially when the limit of his riches is not known, it came about that I too "hated life," and this when I was not much over thirty. I did not know what to do; for Society as the word is generally understood, I had no taste; it bored me; horse–racing and cards I loathed, who had already gambled too much on a big scale. The killing of creatures under the name of sport palled upon me, indeed I began to doubt if it were right, while the office of a junior county magistrate in a place where there was no crime, only occupied me an hour or two a month.