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Samuel Ward McAllister (Decem– January 31, 1895) was a popular arbiter of social taste in the Gilded Age of late 19th-century America.
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He doesn’t have to outrun the tiger, just outrun them. But if the aldermen have gone deep, George only has to keep buying for a few days. The stock will crash, and George and Bertha will lose everything.
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will hold out, and the Russells will eventually run out of money. (George and Bertha’s genuine love and respect for each other is such a highlight of this series.) If the aldermen don’t have much invested, Morris and co. It’s a hell of a gamble, but Bertha is all in. If the stock doesn’t drop-in fact, if it goes up-they are hosed. As those who paid attention to the STONKS story last year will remember, the shares have to crash for the short sellers to make a killing. George tells Bertha there’s only one play here, but it’s going to take all their money to do it: secretly buy back the stock everyone is shorting to hold the value line. Their husbands are working just as hard to take down George as the women are to shun Bertha. Astor and Morris aren’t the only ones working to keep the new money from horning in. Though Patrick complained about their tactics, Mmes. Once the stock crashes and George is wiped out, the aldermen will repurchase the shares for pennies, repass the law, tripling their fortunes, and take his company out from under him. But the man didn’t make a fortune by being a fool he can see the next move in this chess game. George is genuinely startled by this turn, proving Bertha isn’t the only one underestimating Old New York. (Quick! Someone call the SEC! J/k, they won’t be invented for another 50 years until after the 1929 stock market crash, and this is all legal!) Having passed the law allowing George to build a new train station, thereby making a profit on their shares, they’re turning around, shorting the stock, and repealing the law so his shares tank. It turns out insider trading was only the beginning for Patrick Morris and his old money pals.