Once upon a time, it happened that
the men who governed in the municipal affairs of a
certain growing town in the West, resolved, in grave
deliberation assembled, to purchase a five-acre lot
at the north end of the city—recently incorporated—and
have it improved for a park or public square.
Now, it also happened, that all the saleable ground
lying north of the city was owned by a man named Smith—a
shrewd, wide-awake individual, whose motto was,
“Every man for himself,”
with an occasional addition about a certain gentleman
in black taking “the hindmost.”
Smith, it may be mentioned, was secretly
at the bottom of this scheme for a public square,
and had himself suggested the matter to an influential
member of the council; not that he was moved by what
is denominated public spirit—no; the spring
of action in the case was merely “private spirit,”
or a regard for his own good. If the council
decided upon a public square, he was the man from whom
the ground would have to be bought; and he was the
man who could get his own price therefor.
As we have said, the park was decided
upon, and a committee of two appointed, whose business
it was to see Smith and arrange with him for the purchase
of a suitable lot of ground. In due form the
committee called upon the landholder, who was fully
prepared for the interview.
“You are the owner of those
lots at the north end?” said the spokesman of
the committee.
“I am,” replied Smith, with becoming gravity.
“Will you sell a portion of ground, say five
acres, to the city?”
“For what purpose?” Smith
knew very well for what purpose the land was wanted.
“We have decided to set apart
about five acres of ground, and improve it as a kind
of park, or public promenade.”
“Have you, indeed? Well,
I like that,” said Smith, with animation.
“It shows the right kind of public spirit.”
“We have, moreover, decided
that the best location will be at the north end of
the town.”
“Decidedly my own opinion,” returned Smith.
“Will you sell us the required acres?”
asked one of the councilmen.
“That will depend somewhat upon where you wish
to locate the park.”
The particular location was named.
“The very spot,” replied
Smith, promptly, “upon which I have decided
to erect four rows of dwellings.”
“But it is too far out for that,” was
naturally objected.
“Oh, no. Not a rod.
The city is rapidly growing in that direction.
I have only to put up the dwellings referred to, and
dozens will be anxious to purchase lots, and build
all around them. Won’t the ground to the
left of that you speak of answer as well?”
But the committee replied in the negative.
The lot they had mentioned was the one decided upon
as most suited for the purpose, and they were not
prepared to think of any other location.
All this Smith understood very well.
He was not only willing, but anxious for the city
to purchase the lot they were negotiating for.
All he wanted was to get a good round price for the
same—say four or five times the real value.
So he feigned indifference, and threw difficulties
in the way.
A few years previous to this time,
Smith had purchased a considerable tract of land at
the north of the then flourishing village, at fifty
dollars an acre. Its present value was about three
hundred dollars an acre.
After a good deal of talk on both
sides, Smith finally agreed to sell the particular
lot pitched upon. The next thing was to arrange
as to price.
“At what do you hold this ground per acre?”
It was some time before Smith answered
this question. His eyes were cast upon the floor,
and earnestly did he enter into debate with himself
as to the value he should place upon the lot.
At first, he thought of five hundred dollars per acre.
But his cupidity soon tempted him to advance on that
sum, although, a month before, he would have caught
at such an offer. Then he advanced to six, to
seven, and to eight hundred. And still he felt
undecided.
“I can get my own price,”
said he to himself. “The city has to pay,
and I might just as well get a large sum as a small
one.”
“For what price will you sell?”
The question was repeated.
“I must have a good price.”
“We are willing to pay what is fair and right.”
“Of course. No doubt you have fixed a limit
to which you will go.”
“Not exactly that,” said one of the gentlemen.
“Are you prepared to make an offer?”
“We are prepared to hear your
price, and to make a report thereon,” was replied.
“That’s a very valuable lot of ground,”
said Smith.
“Name your price,” returned
one of the committee men, a little impatiently.
Thus brought up to the point, Smith,
after thinking hurriedly for a few moments, said—
“One thousand dollars an acre.”
Both the men shook their heads in
a very positive way. Smith said that it was the
lowest he would take; and so the conference ended.
At the next meeting of the city councils,
a report on the town lot was made, and the extraordinary
demand of Smith canvassed. It was unanimously
decided not to make the proposed purchase.
When this decision reached the landholder,
he was considerably disappointed. He wanted money
badly, and would have “jumped at” two
thousand dollars for the five-acre lot, if satisfied
that it would bring no more. But, when the city
came forward as a purchaser, his cupidity was subjected
to a very strong temptation. He believed that
he could get five thousand dollars as easily as two;
and quieted his conscience by the salvo—“An
article is always worth what it will bring.”
A week or two went by, and Smith was
about calling upon one of the members of the council,
to say that, if the city really wanted the lot, he
would sell at their price, leaving it with the council
to act justly and generously, when a friend said to
him—
“I hear that the council had
the subject of a public square under consideration
again this morning.”
“Indeed!” Smith was visibly
excited, though he tried to appear calm.
“Yes; and I also hear that they
have decided to pay the extravagant price you asked
for a lot of ground at the north end of the city.”
“A thousand dollars an acre?”
“Yes.”
“Its real value, and not a cent more,”
said Smith.
“People differ about that.
However, you are lucky,” the friend replied.
“The city is able to pay.”
“So I think. And I mean they shall pay.”
Before the committee to whom the matter
was given in charge had time to call upon Smith and
close with him for the lot, that gentleman had concluded
in his own mind that it would be just as easy to get
twelve hundred dollars an acre as a thousand.
It was plain that the council were bent upon having
the ground, and would pay a round sum for it.
It was just the spot for a public square; and the city
must become the owner. So, when he was called
upon by the gentlemen, and they said to him—
“We are authorized to pay you your price,”
he promptly answered—
“The offer is no longer open.
You declined it when it was made. My price for
that property is now twelve hundred dollars an acre.”
The men offered remonstrance; but
it was of no avail. Smith believed that he could
get six thousand dollars for the ground as easily as
five thousand. The city must have the lot, and
would pay almost any price.
“I hardly think it right, Mr.
Smith,” said one of his visitors, “for
you to take such an advantage. This square is
for the public good.”
“Let the public pay, then,”
was the unhesitating answer. “The public
is able enough.”
“The location of this park at
the north end of the city will greatly improve the
value of your other property.”
This Smith understood very well. But he replied—
“I’m not so sure of that.
I have some very strong doubts on the subject.
It’s my opinion that the buildings I contemplated
erecting will be far more to my advantage. Be
that as it may, however, I am decided in selling for
nothing less than six thousand dollars.”
“We are only authorized to pay
five thousand,” replied the committee.
“If you agree to take that sum, we will close
the bargain on the spot.”
Five thousand dollars was a large
sum of money, and Smith felt strongly tempted to close
in with the liberal offer. But six thousand loomed
up before his imagination still more temptingly.
“I can get it,” said he
to himself; “and the property is worth what
it will bring.”
So he positively refused to sell it
at a thousand dollars per acre.
“At twelve hundred, you will
sell?” remarked one of the committee, as they
were about retiring.
“Yes. I will take twelve
hundred the acre. That is the lowest rate; and
I am not anxious, even at that price. I can do
quite as well by keeping it in my own possession.
But, as you seem so bent on having it, I will not
stand in your way. When will the council meet
again?”
“Not until next week.”
“Very well. If they then
accept my offer, all will be right. But, understand
me; if they do not accept, the offer no longer remains
open. It is a matter of no moment to me which
way the thing goes.”
It was a matter of moment to Smith,
for all this assertion—a matter of very
great moment. He had several thousand dollars
to pay in the course of the next few months on land
purchases, and no way to meet the payments, except
by mortgages or sales of property; and it may naturally
be concluded that he suffered considerable uneasiness
during the time which passed until the next meeting
of the council.
Of course, the grasping disposition
shown by Smith became the town talk; and people said
a good many hard things of him. Little, however,
did he care, so that he secured six thousand dollars
for a lot not worth more than two thousand.
Among other residents and property-holders
in the town, was a simple-minded, true-hearted, honest
man, named Jones. His father had left him a large
farm, a goodly portion of which, in process of time,
came to be included in the limits of the new city;
and he found a much more profitable employment in
selling building lots than in tilling the soil.
The property of Mr. Jones lay at the west side of
the town.
Now, when Mr. Jones heard of the exorbitant
demand made by Smith for a five-acre lot, his honest
heart throbbed with a feeling of indignation.
“I couldn’t have believed
it of him,” said he. “Six thousand
dollars! Preposterous! Why, I would give
the city a lot of twice the size, and do it with pleasure.”
“You would?” said a member
of the council, who happened to hear this remark.
“Certainly, I would.”
“You are really in earnest?”
“Undoubtedly. Go and select
a public square from any of my unappropriated land
on the west side of the city, and I will pass you
the title, as a free gift, to-morrow, and feel pleasure
in doing so.”
“That is public spirit,” said the councilman.
“Call it what you will. I am pleased in
making the offer.”
Now, let it not be supposed that Mr.
Jones was shrewdly calculating the advantage which
would result to him from having a park at the west
side of the city. No such thought had yet entered
his mind. He spoke from the impulse of a generous
feeling.
Time passed on, and the session-day
of the council came round—a day to which
Smith had looked forward with no ordinary feelings
of interest, that were touched, at times, by the coldness
of doubt and the agitation of uncertainty. Several
times he had more than half repented of his refusal
to accept the liberal offer of five thousand dollars,
and of having fixed so positively upon six thousand
as the “lowest figure.”
The morning of the day passed, and
Smith began to grow uneasy. He did not venture
to seek for information as to the doings of the council,
for that would be to expose the anxiety he felt in
the result of their deliberations. Slowly the
afternoon wore away, and it so happened that Smith
did not meet any one of the councilmen; nor did he
even know whether the council was still in session
or not. As to making allusion to the subject
of his anxious interest to any one, that was carefully
avoided; for he knew that his exorbitant demand was
the town talk—and he wished to affect the
most perfect indifference on the subject.
The day closed, and not a whisper
about the town-lot had come to the ears of Mr. Smith.
What could it mean? Had his offer to sell at six
thousand been rejected? The very thought caused
his heart to grow heavy in his bosom. Six, seven,
eight o’clock came, and still it was all dark
with Mr. Smith. He could bear the suspense no
longer, and so determined to call upon his neighbour
Wilson, who was a member of the council, and learn
from him what had been done.
So he called on Mr. Wilson.
“Ah, friend Smith,” said the latter, “how
are you, this evening?”
“Well, I thank you,” returned
Smith, feeling a certain oppression of the chest.
“How are you?”
“Oh, very well.”
Here, then, was a pause. After which, Smith said—
“About that ground of mine? What did you
do?”
“Nothing,” replied Wilson, coldly.
“Nothing, did you say?” Smith’s
voice was a little husky.
“No. You declined our offer;—or,
rather, the high price fixed by yourself upon the
land.”
“You refused to buy it at five
thousand when it was offered,” said Smith.
“I know we did, because your demand was exorbitant.”
“Oh, no, not at all,” returned Smith,
quickly.
“In that we only differ,”
said Wilson. “However, the council has
decided not to pay you the price you ask.”
“Unanimously?”
“There was not a dissenting voice.”
Smith began to feel more and more uncomfortable.
“I might take something less,”
he ventured to say, in a low, hesitating voice.
“It is too late now,” was Mr. Wilson’s
prompt reply.
“Too late! How so?”
“We have procured a lot.”
“Mr. Wilson!” Poor Smith
started to his feet in chagrin and astonishment.
“Yes; we have taken one of Jones’s
lots, on the west side of the city. A beautiful
ten-acre lot.”
“You have!” Smith was actually pale.
“We have; and the title-deeds are now being
made out.”
It was some time before Smith had
sufficiently recovered from the stunning effect of
this unlooked-for intelligence, to make the inquiry—
“And pray how much did Jones ask for his ten-acre
lot?”
“He presented it to the city as a gift,”
replied the councilman.
“A gift! What folly!”
“No, not folly—but
true worldly wisdom; though I believe Jones did not
think of advantage to himself when he generously made
the offer. He is worth twenty thousand dollars
more to-day than he was yesterday, in the simple advanced
value of his land for building-lots. And I know
of no man in this town whose good fortune affects
me with more pleasure.”
Smith stole back to his home with
a mountain of disappointment on his heart. In
his cupidity, he had entirely overreached himself,
and he saw that the consequences were to react upon
all his future prosperity. The public square
at the west end of the town would draw improvements
in that direction all the while increasing the wealth
of Mr. Jones, while lots in the north end would remain
at present prices, or, it might be, take a downward
range.
And so it proved. In ten years,
Jones was the richest man in the town, while half
of Smith’s property had been sold for taxes.
The five-acre lot passed from his hands, under the
hammer, in the foreclosure of a mortgage, for one
thousand dollars!
Thus it is that inordinate selfishness
and cupidity overreach themselves; while the liberal
man deviseth liberal things, and is sustained thereby.