Chambers's Edinburgh Journal, No. 460: Volume 18, New Series, October 23, 1852Various
History
Chambers's Edinburgh Journal, No. 460: Volume 18, New Series, October 23, 1852
Various
Periodicals
A few days after, affairs again began to take a turn upwards. The
failure of the engine was declared to be an erroneous and altogether
unfounded report. It was boldly asserted, that the small model-engine
of one inch to the foot, had actually crushed several masses of Scotch
granite, and eliminated seven or eight ounces of pure metal; and these
specimens were exhibited under a glass-case in the office of the
company, in proof of their triumphant success. Now the shares rose
again as rapidly as they had lately fallen, and honourable gentlemen
who had held on, had an opportunity of turning themselves round. It is
to be supposed that some of them at least did that to their
satisfaction; at anyrate, the respectable and responsible concocters
of the Long Range Excavator Rock-Crushing and Gold-Winning Company
very soon began to turn their backs upon the public altogether. By
degrees, the whole body of directors, trustees, counsel and agents,
dwindled down to a solitary clerk paring his nails in a deserted
office. Shares at a discount of 60, 70, 80, 90 per cent. attested the
decline of the speculation. Honourable gentlemen were reported to have
gone upon their travels. The office was at first 'temporarily closed,'
and then let to the new company for Bridging the Dardanelles on the
Tubular Principle. The engine of the Long Range Excavators, according
to the last report, had foundered--but whether in the brain of
Crushcliff, the engineer, or on the Scilly Rocks, we could not clearly
make out. The only one of the original promoters who has latterly
condescended to gratify the gaze of the public, is the Baron
Badlihoff, who, a few days ago, made his appearance on the
monkey-board of an omnibus, whence he was suddenly escorted by
policeman B. 1001, to the presence of a magistrate, who
unsympathisingly transferred him to Clerkenwell Jail, for certain
paltry threepenny defalcations, due to a lapse of memory which our
shameful code persists in regarding as worthy of incarceration and
hard labour. He is now an active member of a company legally
incorporated under government sanction, for grinding the wind upon the
revolving principle. It is not precisely known when the first dividend
on the Long Range Excavators will be declared. Sanguine speculators in
the L. R. E., and the Thames Conflagration Company, expect to draw
both dividends on the same day. In the meantime, the books are safe in
the custody of Messrs Holdem Tight and Brass, of Thieves' Inn; and
ill-natured people are not wanting, who insinuate that they constitute
the only property available for the benefit of the shareholders.
Public-domain text, read in full here on John Shaqi.
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