"The Devil and Tom Walker" by Washington Irving is the capstone of his short story sequence The Money Diggers (1824). It is an early example of how horror would explore and expose the "matter of North America."
Here Tom Walker meets the devil:
“But what right have you,” said Tom, “to cut down Deacon Peabody’s timber?”
“The right of a prior claim,” said the other. “This woodland belonged to me long before one of your whitefaced race put foot upon the soil.”
“And pray, who are you, if I may be so bold?” said Tom.
“Oh, I go by various names. I am the wild huntsman in some countries; the black miner in others. In this neighbourhood I am known by the name of the black woodsman. I am he to whom the red men consecrated this spot, and in honour of whom they now and then roasted a white man, by way of sweet-smelling sacrifice. Since the red men have been exterminated by you white savages, I amuse myself by presiding at the persecutions of Quakers and Anabaptists; I am the great patron and prompter of slave-dealers, and the grand-master of the Salem witches.”
John Quidor (American, 1801-1881). The Money Diggers, 1832. Oil on canvas, 15 15/16 x 20 15/16 in. (40.5 x 53.2 cm). Brooklyn Museum, Gift of Mr. and Mrs. Alastair Bradley Martin, 48.171 (Photo: Brooklyn Museum, 48.171_SL1.jpg)
Irving them gives us the first slingshot ending in U.S. literature:
....they began to haggle about the terms on which the former was to have the pirate’s treasure. There was one condition which need not be mentioned, being generally understood in all cases where the devil grants favours; but there were others about which, though of less importance, he was inflexibly obstinate. He insisted that the money found through his means should be employed in his service. He proposed, therefore, that Tom should employ it in the black traffic; that is to say, that he should fit out a slave-ship. This, however, Tom resolutely refused: he was bad enough in all conscience; but the devil himself could not tempt him to turn slave-trader.
Finding Tom so squeamish on this point, he did not insist upon it, but proposed, instead, that he should turn usurer; the devil being extremely anxious for the increase of usurers, looking upon them as his peculiar people.
To this no objections were made, for it was just to Tom’s taste.
“You shall open a broker’s shop in Boston next month,” said the black man.
“I’ll do it tomorrow, if you wish,” said Tom Walker.
“You shall lend money at two per cent. a month.”
“Egad, I’ll charge four!” replied Tom Walker.
“You shall extort bonds, foreclose mortgages, drive the merchants to bankruptcy”—
“I’ll drive them to the d—l,” cried Tom Walker.
“You are the usurer for my money!” said black-legs with delight. “When will you want the rhino?”
“This very night.”
“Done!” said the devil.
“Done!” said Tom Walker.—So they shook hands and struck a bargain.
A few days’ time saw Tom Walker seated behind his desk in a counting-house in Boston.
His reputation for a ready-moneyed man, who would lend money out for a good consideration, soon spread abroad. Everybody remembers the time of Governor Belcher, when money was particularly scarce. It was a time of paper credit. The country had been deluged with government bills, the famous Land Bank had been established; there had been a rage for speculating; the people had run mad with schemes for new settlements; for building cities in the wilderness; land-jobbers went about with maps of grants, and townships, and Eldorados, lying nobody knew where, but which everybody was ready to purchase. In a word, the great speculating fever which breaks out every now and then in the country, had raged to an alarming degree, and everybody was dreaming of making sudden fortunes from nothing. As usual the fever had subsided; the dream had gone off, and the imaginary fortunes with it; the patients were left in doleful plight, and the whole country resounded with the consequent cry of “hard times.”
At this propitious time of public distress did Tom Walker set up as usurer in Boston. His door was soon thronged by customers. The needy and adventurous; the gambling speculator; the dreaming land-jobber; the thriftless tradesman; the merchant with cracked credit; in short, every one driven to raise money by desperate means and desperate sacrifices, hurried to Tom Walker.
Thus Tom was the universal friend of the needy, and acted like a “friend in need”; that is to say, he always exacted good pay and good security. In proportion to the distress of the applicant was the hardness of his terms. He accumulated bonds and mortgages; gradually squeezed his customers closer and closer: and sent them at length, dry as a sponge, from his door.
In this way he made money hand over hand; became a rich and mighty man, and exalted his cocked hat upon ’Change. He built himself, as usual, a vast house, out of ostentation; but left the greater part of it unfinished and unfurnished, out of parsimony. He even set up a carriage in the fulness of his vainglory, though he nearly starved the horses which drew it; and as the ungreased wheels groaned and screeched on the axle-trees, you would have thought you heard the souls of the poor debtors he was squeezing.
As Tom waxed old, however, he grew thoughtful. Having secured the good things of this world, he began to feel anxious about those of the next. He thought with regret on the bargain he had made with his black friend, and set his wits to work to cheat him out of the conditions. He became, therefore, all of a sudden, a violent church-goer. He prayed loudly and strenuously, as if heaven were to be taken by force of lungs. Indeed, one might always tell when he had sinned most during the week, by the clamour of his Sunday devotion. The quiet Christians who had been modestly and steadfastly travelling Zionward, were struck with self-reproach at seeing themselves so suddenly outstripped in their career by this new-made convert. Tom was as rigid in religious as in money matters; he was a stern supervisor and censurer of his neighbours, and seemed to think every sin entered up to their account became a credit on his own side of the page. He even talked of the expediency of reviving the persecution of Quakers and Anabaptists. In a word, Tom’s zeal became as notorious as his riches.
Still, in spite of all this strenuous attention to forms, Tom had a lurking dread that the devil, after all, would have his due. That he might not be taken unawares, therefore, it is said he always carried a small Bible in his coat-pocket. He had also a great folio Bible on his counting-house desk, and would frequently be found reading it when people called on business; on such occasions he would lay his green spectacles in the book, to mark the place, while he turned round to drive some usurious bargain.
Some say that Tom grew a little crack-brained in his old days, and that, fancying his end approaching, he had his horse new shod, saddled and bridled, and buried with his feet uppermost; because he supposed that at the last day the world would be turned upside down; in which case he should find his horse standing ready for mounting, and he was determined at the worst to give his old friend a run for it. This, however, is probably a mere old wives’ fable. If he really did take such a precaution, it was totally superfluous; at least so says the authentic old legend; which closes his story in the following manner.
One hot summer afternoon in the dog-days, just as a terrible black thunder-gust was coming up, Tom sat in his counting-house, in his white linen cap and India silk morning-gown. He was on the point of foreclosing a mortgage, by which he would complete the ruin of an unlucky land-speculator for whom he had professed the greatest friendship. The poor land-jobber begged him to grant a few months’ indulgence. Tom had grown testy and irritated, and refused another day.
“My family will be ruined, and brought upon the parish,” said the land-jobber. “Charity begins at home,” replied Tom; “I must take care of myself in these hard times.”
“You have made so much money out of me,” said the speculator.
Tom lost his patience and his piety. “The devil take me,” said he, “if I have made a farthing!”
Just then there were three loud knocks at the street-door. He stepped out to see who was there. A black man was holding a black horse, which neighed and stamped with impatience.
“Tom, you’re come for,” said the black fellow, gruffly....
I first read "The Devil and Tom Walker" in Devil Stories: An Anthology (1921) edited by Maximilian J. Rudwin. It is an anthology that repays reading.
Jay