Great wealth, unless inherited, or acquired by professional energy and industry, is now, as a general rule, presumptive evidence against the character of its owner… Most dodges, devices, and complots which Wall Street considers legitimate and in which millions are lost and won (on paper) every day, are, of course, plainly guileful, dishonest, and wicked. But how many of our nice, fresh, ingenuous boys are plunged into this filthy pool every year at eighteen or even younger…though their parents could well afford them a liberal education. Each hopes to win some great prize in that great gambling house, an establishment far less honest than were those of Baden-Baden and Homburg. And so they grow up to be mere illiterate sharpers, with possible fine houses and fine horses and fine Newport cottages and without capacity to appreciate anything higher – men without culture and with damaged and dwarfed moral sense.
George Templeton Strong
July 22, 1873
(New York Dairies: 1609 to 2090. pp.233-234)