Graham's Magazine, Vol. XXXVII, No. 3, September 1850Various
General
Graham's Magazine, Vol. XXXVII, No. 3, September 1850
Various
Literature -- Periodicals; Literature, Modern -- 19th century -- Periodicals
This volume, invaluable to merchants and brokers, should be in the hands
of all who have reason to be interested in the secrets of stock-jobbing,
or who have a natural curiosity to understand the philosophy of the
whole system as now practiced in all civilized countries. It gives a
complete history of the National Debt of England, from the reign of
William the Third to the present day, with sketches of the most eminent
financiers of the Stock Exchange, and large details of the political
corruption attending the making of loans. To these are added stock
tables from 1732 to 1846; dividends of the Bank of England stock from
1694 to 1847; and descriptions of the various panics in the English
money market, with their causes and effects. The sketch of Rothschild is
a gem of biography, and while his avarice and cunning are deservedly
condemned, more than usual justice is done to the remarkable blending of
amplitude with acuteness in his powerful understanding. It is said that
on one loan he made £150,000. Though profane, knavish and ferocious,
with bad manners, and a face and person which defied the ability of
caricature to misrepresent, his all-powerful wealth and talents made him
courted and caressed, not only by statesmen and monarchs, but by
clergymen and fastidious aristocrats. It was his delight to outwit
others, but he himself was very rarely outwitted; and the few cases
given by Mr. Francis, of his being overreached by the cunning of other
brokers, are probably the only ones that the London Stock Exchange can
furnish. Though he lived in the most splendid style, gave expensive
entertainments, and occasionally subscribed to ostentatious charities,
he was essentially a miser; and his mind never was so busy in
calculations, in which millions of pounds were concerned, as to lose the
power of estimating within a sixpence, the salary which would enable a
clerk to exist.
Public-domain text, read in full here on John Shaqi.
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