Graham's Magazine, Vol. XXXIV, No. 4, April 1849Various
General
Graham's Magazine, Vol. XXXIV, No. 4, April 1849
Various
Literature -- Periodicals; Literature, Modern -- 19th century -- Periodicals
But this calling in of installments seems to be a sort of patent
condenser in the stock market, and shows with how much force a given
quantity of air can be squeezed into a given compass.
Grubemout was as active as a bee at sunrise, and offered his advice
gratuitously—but “confidentially”—to any number of anxious
_inquirers_—but some of _them_ having a copper-mine of their own, by
the attractive and _taking_ name of “_Penny_-wise Company,” and others
having taken a snap with the “Alligator Mountain Company,” and not
liking the bite they received, shook their heads at Fleeceington and
looked knowing—the “New Jersey” chaps were quite sprightly, for as
their _title_ covered the whole State, they had a fair chance of
_realizing_ something when the “Mammoth Shoveling Company” got to work,
and lifted the crust off.
Grubemout assured them—“on his honor”—that “the Company did not intend
to sell an ounce of its ore to the furnaces. They intended to have ‘_a
crushing machine_’ of their own erected at once, and proceed in a style
that would soon settle the whole business.”
Jones was “ready for any number of crushers or mashers, grinders or
pounders. Head up the creek—dam it! Put up the water-works and the
mill-wheel, and give it to the _blasted_ furnaces! Carry the war into
Africa!” said he.
The installment to carry on the adate was paid, though it depressed the
stock, but Jones could not see how having paid the company five thousand
dollars in installments should depress _his_ stock in the market. “Hang
it!” said he, “the company is that much richer in property and
excavations, and don’t I belong to the company—haven’t I a thousand
shares? It’s only paying money out of one pocket, and putting into the
other. Wilkins may laugh, but he’s a fool! That’s a capital idea about
the furnace. You’re a boy, Uptosnuff—_you_ are?”
The installment for _crushing_ purposes was soon called in also, and
paid, though the stock looked sickly, and trembled as if it had the
ague, or had passed through a crushing process on its own hook. It was
just composing itself when Uptosnuff discovered that it was of the
highest importance to the company to have a small engine and an iron
pump erected at the mines at once, _as the richest ore is always found
below water level_!
Jones—the active, energetic Jones—“had no doubt of it at all. The
Cornish miners assured him, when he was up, that as soon as they got
below water level, they would come to something that couldn’t be trifled
with. If Wilkins wasn’t a fool he would go in soon, before it gets out.”
Uptosnuff, too, had had a quantity of the late ore assayed, and
Professor Stuffemwell, Geologist to Her Majesty, thought it would _do_
bravely. If ore that yielded fifty per cent. would not, he would like to
know how her majesty’s subjects got rich, after paying the miners, on
mines that yield but fifteen per cent.
Public-domain text, read in full here on John Shaqi.
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