A History of Inventions, Discoveries, and Origins, Volume 1 (of 2) — John Shaqi
A History of Inventions, Discoveries, and Origins, Volume 1 (of 2)Beckmann, Johann
History
A History of Inventions, Discoveries, and Origins, Volume 1 (of 2)
Beckmann, Johann
Inventions -- History
When the nature of this trade is considered, it will readily be
perceived, that to get possession of these flowers was not the real
object of it, though many have represented it in that light. The price
of tulips rose always higher from the year 1634 to the year 1637; but
had the object of the purchaser been to get possession of the flowers,
the price in such a length of time must have fallen instead of risen.
“Raise the prices of the productions of agriculture, when you wish
to reduce them,” says Young; and in this he is undoubtedly right,
for a great consumption causes a greater reproduction. This has been
sufficiently proved by the price of asparagus at Göttingen. As it
was much sought after, and large prices paid for it, more of it was
planted, and the price has fallen. In like manner plantations of tulips
would have in a short time been formed in Holland, and florists would
have been able to purchase flowers at a much lower price. But this was
not done; and the chimney-sweeper, who threw aside his besom, did not
become a gardener, though he was a dealer in flowers. Roots would have
been imported from distant countries, as asparagus was from Hanover
and Brunswick to Göttingen; the high price would have induced people
to go to Constantinople to purchase roots, as the Europeans travel to
Golconda and Visapour to procure precious stones; but the dealers in
tulips confined themselves to their own country, without thinking of
long journeys. I will allow that a flower might have become scarce, and
consequently dearer; but it would have been impossible for the price
to rise to a great height, and continue so for a year. How ridiculous
would it have been to purchase useless roots with their weight of gold,
if the possession of the flower had been the only object! Great is the
folly of mankind; but they are not fools without a cause, as they would
have been under such circumstances.
During the time of the Tulipomania, a speculator often offered and
paid large sums for a root which he never received, and never wished
to receive. Another sold roots which he never possessed or delivered.
Oft did a nobleman purchase of a chimney-sweep tulips to the amount of
2000 florins, and sell them at the same time to a farmer; and neither
the nobleman, chimney-sweep or farmer had roots in their possession, or
wished to possess them. Before the tulip season was over, more roots
were sold and purchased, bespoke and promised to be delivered, than in
all probability were to be found in the gardens of Holland; and when
Semper Augustus was not to be had, which happened twice, no species
perhaps was oftener purchased and sold. In the space of three years, as
Munting tells us, more than ten millions were expended in this trade in
only one town of Holland.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account