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Answer:
It creates a feeling of despair.
It creates the idea of something watching.
It suggests the narrator has great fears.
It implies a sense of history.
Peyton Farquhar is a wealthy Alabama plantation owner is about to be hanged from a railroad bridge in Alabama because he attempted to set fire to the Owl Creek Bridge and act as a vigilant by acting on his accord. By this, he got caught because he is being fooled by a union soldier and processed as it is customary: death by hanging.
Magic is what Santiago originally believes will bring him what he thinks is most important: material wealth. Magic in the story is symbolic of good fortune that occurs through luck. It is symbolic of amazing things that are not credited to God.