Emmanuel Burden, merchant, of Thames St., in the city of London, exporter of hardware : $b A record of his lineage, speculations, last days and deathBelloc, Hilaire
General
Emmanuel Burden, merchant, of Thames St., in the city of London, exporter of hardware : $b A record of his lineage, speculations, last days and death
Belloc, Hilaire
Capitalists and financiers -- Fiction; London (England) -- Fiction; Merchants -- Fiction; Satire
He became the possessor of these upon the 19th, and had paid for them
£250; £250 more to be paid (as the prospectus directed) in three
months, and the remainder when called for. These were but a part of
his holding; but I am dealing with this one block of shares for
the sake of example. On the 23rd, I find them bought at the price
of three and a quarter by the Bishop of Ballycannon. On the 26th,
his lordship sells them at seven to young Lord Berpham, who had been
advised by his solicitor that they were a good thing: sincere advice,
for his solicitor was also his creditor and trustee. On the 31st,
when they touched eight and a quarter, Lord Berpham should have sold,
but that young disdainful spirit was too noble. He was too noble.
Had he sold, he would have realised no less a sum than £8250 (less
brokerage). He was too noble. The blood in him was confident of
England, and he held on for a rise. My readers know what followed.
The next day they had fallen to six and three quarters. On Thursday,
most reluctantly, by the advice, not to say the pressure, of his
solicitors, the young man sold at four and seven-eighths, having
lost no less a sum than £2100, which he could ill afford. The buyer
was Mr Zimmer, the broker, but as I find that Mr Barnett himself
acquired them in the same afternoon, I have no doubt that he was the
bona fide purchaser; my certitude becomes the more fixed when I find
that on Saturday morning, the 5th of September (the shares having
then touched seven and a half), Mr Barnett disposed of them to Henry
Bowling, the well-known trainer and proprietor of _English Racing_.
He, in his turn, sold them at the same price to Mrs Maidstone,
who disposed of them a fortnight later at the same price to her
sister-in-law, who sold them at a slight premium in the open market.
I see them receding into the distance, passing through the hands of
that fine old poet-patriot, Gaystone; then, a wofully disintegrated,
a mournful procession, as the winter wanes, they drift off into the
middle classes, sink, and are engulfed.
But Mr Burden, he neither bought nor sold. He was astounded at these
fluctuations, but more astounded at the permanently high level which
M.D.D.’s maintained, in spite of the rough sea upon which they
were tossed. Sudden fortunes sprang around him, sudden reputations
startled and but half convinced his sober mind. Even that Major
Pondo, whose face he thought he must have seen in dreams, was wealthy
now, and met him with an easy air.
Then it was, after a month of so much violence, that the old man’s
inner spirit, no longer confused or troubled, leant towards its end,
and was possessed by sadness continually.
One part of it, the strongest and the safest, the part that had so
sanely judged his people and their politics for fifteen years, still
dwindled.
Public-domain text, read in full here on John Shaqi.
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