Blackwood's Edinburgh magazine, Vol. 93, No. 571, May, 1863Various
History
Blackwood's Edinburgh magazine, Vol. 93, No. 571, May, 1863
Various
England -- Periodicals; Scotland -- Periodicals
again, in creaming bumpers of Clicquot, prosperity and success to the
Nauvoo and Nebraska Railway. Two day after, out came our prospectus to
dazzle the City. A more flowery manifesto, or one more fertile in
temptations, I have seldom seen. It proved, moreover, as plainly as that
two and two make four, that the investment was as secure as the bank, if
not more so, and a hundred-fold more remunerative. Never was there such
a railway; never were there directors so opulent, so respectable, so
conscientious, so experienced; never was there a line on which the
expenses were so trifling, the traffic so enormous, or the dividend so
princely, as that of the Nauvoo and Nebraska. Iowa was a State of
boundless fertility, of inexhaustible resources—cereal, mineral,
commercial. The line would be part of a main highway to the Far West,
and the Old World and the New World pour tribute into the cornucopia of
its matchless wealth. Cities were to spring up, fair and flourishing
provinces were to blossom, where the virgin soil now awaited the spade
and the ploughshare: we were to carry tobacco, madder, corn, cattle,
immigrants, and ore. The gigantic fortunes we were to make were thrown
into the shade by the benefits we were to confer on posterity and our
contemporaries. Unborn millions were to canonise the projectors of the
Grand Nauvoo and Nebraska; and we were not only to insure for ourselves
the smiles and blessings of ages yet to come, but were to feather our
nests pretty handsomely in a few short months. Not only were we to take
rank as philanthropists of the first water, but to rig the market as
well. Nor were the advantages of the new railroad confined to the
eminent and clear-sighted capitalists who had first embarked in it. No;
in that good cause the widow’s mite was welcome. Never, it was pointed
out, was so admirable an opportunity offered to ladies of limited
income, to struggling professional men, to decayed gentry or others, to
double or treble their little store by means of the splendid dividends,
the bonuses, premiums, and other good things, to be expected from the
Company. Who has not read many such glowing proclamations as this,
promising to realise the dreams of an El Dorado for the lucky
speculator, bolstering up each statement by an imposing array of
figures, and always concluding by the recommendation that (to prevent
disappointment) _immediate_ application be made at the office for
shares? We had a secretary and cashier, and Dr Titus A. C. Bett was so
kind as to undertake the latter responsible position; while the
celebrated Wyldrake Flam, Esq., a gentleman who had been concerned with
a good many companies in his time, was happily secured for the former
situation. Sir George Gullings, M.P., a rich banker who had earned his
baronetcy by his long course of voting for a Whig Ministry, was our
chairman; and, of course, Tom Harris, Colonel Sling, and I, were among
the managing directors. We took a great many shares amongst us; but, of
Public-domain text, read in full here on John Shaqi.
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