Around 1923, the most powerful men of the day ruled the world of money:
Charles Schwab, president of the largest steel company in America.
Samuel Insull, president of the largest utility company.
Howard Hopson, president of the largest gas company.
Richard Whitney, president of the New York Stock Exchange.
Albert Fall, Secretary of Interior in President Harding's cabinet.
Jesse Livermore, the great "bear" on Wall Street.
Ivan Krueger, head of the world's greatest monopoly.
Leon Fraser, president of the Bank of International Settlements.
These men were "movers and shakers," the kind many people envy and wish to be like. Yet something went terribly wrong with these men's lives. Twenty-five years later:
Charles Schwab, left behind an insolvent estate with debts and obligations totalling 1.7 million.
Samuel Insull, died of a heart attack in a Paris subway station with 20 cents in his pocket.
Howard Hopson, died in a sanitarium
Richard Whitney had just been released from Sing-Sing prison.
Albert Fall died at home, broke.
Jesse Livermore committed suicide a week after Thanksgiving in 1940.
Ivan Krueger committed suicide.
Leon Fraser committed suicide.
Samuel Insull, died of a heart attack in a Paris subway station with 20 cents in his pocket.
Howard Hopson, died in a sanitarium
Richard Whitney had just been released from Sing-Sing prison.
Albert Fall died at home, broke.
Jesse Livermore committed suicide a week after Thanksgiving in 1940.
Ivan Krueger committed suicide.
Leon Fraser committed suicide.
It reminded me of these verses I read just yesterday in my Proverbs reading:
"The integrity of the upright guides them,
but the unfaithful are destroyed by their duplicity.
Wealth is worthless in the day of wrath,
Wealth is worthless in the day of wrath,
but righteousness delivers from death."
- Proverbs 11:3-4
Need I say more?
1 comment:
Thank you for passing this thought on to me. Many times even Christ followers can fall into the trap of envying the "movers and shakers". But Christ is the ultimate source of true wealth and in Him our future is secure!
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