Chambers's Edinburgh Journal, No. 460: Volume 18, New Series, October 23, 1852 — John Shaqi
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
Let us now take a glance at a snug little commercial bubble, blown
into being by 'highly respectable men,' a private affair altogether,
which never had a name upon 'Change, and was managed--we cannot say to
the satisfaction of all parties--by the originating contrivers,
without making any noise in the papers, or exciting public attention
in any way. We will call it, for the sake of a name, 'The Babel and
Lowriver Steam Navigation Company.' Lowriver is a pleasant, genteel
little village, which has of late years sprung suddenly into existence
on the coast of ----shire, and has been growing, for the last seven
years, with each succeeding summer, more and more a place of favourite
resort with the inhabitants of Babel. Mr Montague Whalebone took an
early liking to the place, and built a row of goodly houses by the
water-side, and a grand hotel at the end of the few stumps of pitchy
stakes dignified by the name of the pier. But the hotel lacked
customers, and the houses wanted tenants; and the whole affair
threatened to fall a prey to river-fog and mildew, when the Babel and
Lowriver Steam Navigation Company came to the rescue, and placed it
upon a permanent and expansive footing. Of the original constitution
of this snug company, it is not easy to say anything with certainty.
All we know is, that, some seven years ago, it was currently spoken of
in private circles as a capital investment for money, supposing only
that shares could be got: _that_ was the difficult thing. Large
dividends were to be realised by building four steamers, and running
them between Babel and Lowriver. Upon the neat hot-pressed prospectus,
privately and sparingly circulated--it was whispered that it was too
good a thing to go a begging--appeared the names of Erebus Carbon,
Esq., of Diamond Wharf; of Montague Whalebone, Esq., of Lowriver; of
Larboard Starboard, Esq., ship-builder; and Piston Rodd, Esq., of the
firm of Boiler & Rodd, engineers, as directors. The shares were L.20
each, liable to calls, though no calls were anticipated; and it was
reckoned an enormous favour to get them. Traffic in shares was
discountenanced: the company had no wish to be regarded as a cluster
of speculators, but rather as a band of brothers, co-operating
together for their common benefit. Of course, the necessary legal
formalities were gone through--that could not safely be dispensed
with.
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