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 little were they who dealt with these persons aware of the
characters with whom they trafficked. Of bland behaviour, but gross
habits, the nature of their influence on the unpolluted minds with
which they had to deal may be judged from the fact, that some of the
morocco men ended their days at Tyburn; that transportation was the
doom of others; and that the pillory was the frequent occupation of
many. To such men as these were the morals of the people exposed
through the lottery. Nor, if the opinion of a member of the senate
can be trusted, was the lottery-office keeper much better. “I know of
no class of persons in the country,” said Mr. Littleton, “excepting
hangmen and informers, on whom I should be less disposed to bestow
one word of commendation.”
The wonder is, not that the public was tempted so much, but that
it was seduced so little. Puffing, by the side of which the power
of a Mechi and a Moses waxes dim, was employed to assist the
contractor. Myriads of advertisements were circulated in the streets.
The newspapers, under all forms and phases, contained stories of
wonderful prizes. Horns were sounded; huge placards displayed; false
and seductive lures held out; houses hired for the sole purpose of
displaying bills; falsehoods fresh every day; and fortunes to be
had for nothing. Puffs, paragraphs, and papers circulated wherever
the ingenuity of man could contrive. The public thoroughfares were
blazoned by day and lighted by night with advertisements.
With such a picture of crime as has been presented to the reader,
he may not think the quiet satire of Mr. Parnell on the Chancellor
unmerited. He said that the following epitaph ought to be placed on
his grave:—
“Here lies the Right Honorable Nicholas Vansittart, once Chancellor
of the Exchequer, who patronized Bible Societies, built churches,
encouraged savings’ banks, and supported lotteries.”
The attention bestowed on the subject, the mass of intelligence
collected, the evidence given by competent parties, produced
considerable notice, and the report condemned the evil the committee
had examined.
“The foundation of the lottery,” it said, “is so radically vicious,
that under no system can it become an efficient source of gain, and
yet be divested of the evils and calamities of which it has proved so
baneful a source.
“Idleness, dissipation, and poverty are increased; sacred and
confidential trusts are betrayed; domestic comfort is destroyed;
madness often created; crimes subjecting the perpetrators to death
are committed.
“No mode of raising money appears so burdensome, so pernicious, and
so unproductive. No species of adventure is known where the chances
are so great against the adventurers; none where the infatuation is
more powerful, lasting, and destructive.
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.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account