This element is known in the city as "The Shoddy Society." During the time of the oil speculations, many persons were suddenly and unexpectedly made rich by lucky ventures in petroleum lands and stocks, and the shoddy element was in its glory; but now other speculations are found to recruit the ranks of this class. Wall street is constantly sending fresh "stars" to blaze on Fifth Avenue, and ruthlessly sweeping away others to make room for them.
The "Shoddy" element is by no means confined to those who make fortunes rapidly, or by speculations. There are many who rise very slowly in the world, and who when blessed with fortune throw themselves headlong into the arms of "Shoddy."
It is not difficult to recognize these persons. They dress not only handsomely, but magnificently. Indeed they make up in display what they lack in taste. They cover themselves with jewels, and their diamonds, worn on ordinary occasions, might, in some cases, fairly rival the state gems of European potentates. Their red, hard hands, coarse faces, vulgar manners, and loud, rude voices, contrast strikingly with the splendor with which they surround themselves. They wear their honors uneasily, showing plainly how little accustomed they are to such things. They look down with disdain upon all less fortunate in wealth than themselves, and worship as demi-gods those whose bank account is larger than their own. They have little or no personal dignity, but substitute a supercilious hauteur for it.
The following incident will show how money is worshipped in New York: A gentleman, now one of the wealthiest men of the city, some years ago found himself well off in worldly goods. He was the possessor of one million of dollars. He was living at that time in a modest house, in a modest street, and was anxious to get into society. In order to do this, he resolved to give a ball, and invite the wealthiest and oldest families in New York. These people were his customers in business; and he supposed they would not object to receiving his hospitality. He was, unlike most of those who worship society, a man of real merit. His invitations were issued, and at the appointed time his mansion was made ready for a magnificent entertainment, but, though the family waited, and the rooms were kept lighted until the "wee hours of the morning," not a single one of those, to whom the invitations were sent, put in an appearance during the evening. The mortification of the would-be host and family, was intense, and it is said that he swore a mighty oath that he would acquire wealth and luxury, sufficient to _compel_ the intimacy of those who had scorned him because he was less fortunate than themselves. He kept his word, and today he stands at the head of that class to which he once aspired in vain.