Chronicles and characters of the stock exchangeFrancis, John, of the Bank of England
History
Chronicles and characters of the stock exchange
Francis, John, of the Bank of England
Speculation; Stock Exchange (London, England)
And first, they have this peculiar to them, and in which they outdo
all the particular pieces of public knavery that ever I met with in
the world, viz., that they have nothing to say for it themselves;
they have, indeed, a particular stock of hardware, as the braziers
call it, in their faces, to bear them out in it; but if you talk
to them of their occupation, there is not a man but will own it is
a complete system of knavery; that it is a trade founded in fraud,
born of deceit, and nourished by trick, cheat, wheedle, forgeries,
falsehoods, and all sorts of delusions; coining false news, this way
good, that way bad; whispering imaginary terrors, frights, hopes,
expectations, and then preying upon the weakness of those whose
imaginations they have wrought upon, whom they have either elevated
or depressed. If they meet with a cull, a young dealer that has money
to lay out, they catch him at the door, whisper to him, “Sir, here is
a great piece of news, it is not yet public, it is worth a thousand
guineas but to mention it; I am heartily glad I met you, but it must
be as secret as the black side of your soul, for they know nothing
of it yet in the coffee-house; if they should, stock would rise ten
per cent. in a moment, and I warrant you South Sea will be 130 in
a week’s time after it is known.” “Well,” says the weak creature,
“pr’ythee, dear Tom, what is it?” “Well, really, Sir, I will let you
into the secret, upon your honor to keep it till you hear it from
other hands; why, it is this,—the Pretender is certainly taken, and
is carried prisoner to the castle of Milan; there they have him fast.
I assure you, the government had an express of it from my Lord St——s,
within this hour.” “Are you sure of it?” says the fish, who jumps
eagerly into the net. “Sure of it! why, if you take your coach and go
up to the secretaries’ office, you may be satisfied of it yourself,
and be down again in two hours, and, in the mean time, I will be
doing something, though it is but little, till you return.”
Away goes the gudgeon with his head full of wildfire, and a squib
in his brain, and, coming to the place, meets a croney at the door,
who ignorantly confirms the report, and so sets fire to the mine;
for, indeed, the cheat came too far to be balked at home; so that,
without giving himself time to consider, he hurries back full of the
delusions, dreaming of nothing but of getting a hundred thousand
pounds, or purchase two; and even this money was to be gotten only
upon the views of his being beforehand with other people.
Public-domain text, read in full here on John Shaqi.
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