Arcadian Adventures With the Idle Rich by Stephen Leacock

or die on the walls. To others it was one more step in the splendid progress of democratic education, comparable only to such epoch-making things as theabandonment of the cap and gown, and the omission of the word “sir” in speaking to a professor.
    No wonder that the fight raged. Elderberry Foible, his fluffed white hair almost on end, beat in vain with his gavel for order. Finally, Chang of Physiology, who was a perfect dynamo of energy and was known frequently to work for three or four hours at a stretch, proposed that the faculty should adjourn the question and meet for its further discussion on the following Saturday morning. This revolutionary suggestion, involving work on Saturday, reduced the meeting to a mere turmoil, in the midst of which Elderberry Foible proposed that the whole question of the use of lead-pencils should be adjourned till that day six months, and that meantime a new special committee of seventeen professors, with power to add to their number, to call witnesses and, if need be, to hear them, should report on the entire matter
de novo
. This motion, after the striking out of the words
de novo
and the insertion of
ab initio
, was finally carried, after which the faculty sank back completely exhausted into its chair, the need of afternoon tea and toast stamped on every face.
    And it was at this moment that President Boomer, who understood faculties as few men have done, quietly entered the room, laid his silk hat on a volume of Demosthenes, and proposed the vote of a degree of Doctor of Letters for Edward Tomlinson. He said that there was no need to remind the faculty of Tomlinson’s services to the nation; they knew them. Of the members of the faculty, indeed, some thought that he meant the Tomlinson who wrote the famous monologue on the Iota Subscript, while others supposed that he referred to the celebrated philosopher Tomlinson, whose new book on the Indivisibility of the Inseparable was just thenmaddening the entire world. In any case, they voted the degree without a word, still faint with exhaustion.
    But while the university was conferring on Tomlinson the degree of Doctor of Letters, all over the City in business circles they were conferring on him far other titles. “Idiot,” “Scoundrel,” “Swindler,” were the least of them. Every stock and share with which his name was known to be connected was coming down with a run, wiping out the accumulated profits of the Wizard at the rate of a thousand dollars a minute.
    They not only questioned his honesty, but they went further and questioned his business capacity.
    “The man,” said Mr. Lucullus Fyshe, sitting in the Mausoleum Club and breathing freely at last after having disposed of all his holdings in the Erie Auriferous, “is an ignoramus. I asked him only the other day, quite casually, a perfectly simple business question. I said to him, ‘T.C. Bonds have risen twenty-two and half in a week. You know and I know that they are only collateral trust, and that the stock underneath never could and never would earn a par dividend. Now,’ I said, for I wanted to test the fellow, ‘tell me what that means?’ Would you believe me, he looked me right in the face in that stupid way of his, and he said, ‘I don’t know!’”
    “He said he didn’t know!” repeated the listener contemptuously; “the man is a damn fool!”
    The reason of all this was that the results of the researches of the professor of geology were being whispered among the directorate of the Erie Auriferous. And the directors and chief shareholders were busily performing the interesting process called unloading. Nor did ever a farmer of Cahoga County in haying time, with a thunderstorm threatening, unload withgreater rapidity than did the major shareholders of the Auriferous. Mr. Lucullus Fyshe traded off a quarter of his stock to an unwary member of the Mausoleum Club at a drop of thirty per cent., and being too prudent to hold the rest on any terms he conveyed it