London (England) -- Description and travel; London (England) -- History -- 1800-1950
francs, and his frail barque, which carried Cæsar and his fortunes,
landed Nathan in the evening at Dover. When he appeared on June 20,
leaning against his usual pillar in the Stock Exchange, everything and
everybody looked gloomy. He whispered to a few of his most intimate
friends that the allied army had been defeated. The dismal news spread
like wildfire, and there was a tremendous fall in the funds. Nathan’s
known agents sold with the rest, but his unknown agents bought every
scrap of paper that was to be had. It was not till the afternoon of
June 21 that the news of the victory of Waterloo became known. Nathan
was the first to inform his friends of the happy event, a quarter of an
hour before the news was given to the public. The funds rose faster
than they had fallen, and Nathan still leant against his pillar in the
southern corner of the Stock Exchange, but richer by about a million
sterling. From that day the career of Nathan was one of ever-increasing
prosperity; his firm became the agents of all European Governments; he
made bargains with the Czar of Russia and with South American Republics,
with the Pope and the Sultan. About the morality of the Waterloo
episode the less said the better, but peers and princes of the blood,
bishops and archbishops, partook of his sumptuous banquets, whilst he
calculated to a penny on what a clerk could live!
[#] To an article I wrote twenty-five years ago on this topic I find
appended the following note: ’We give the following on the authority of
Martin, but must add that a private friend, who formerly filled an
office of trust in the firm of Rothschild Brothers, declares the whole
to be a fiction.’ But who this friend was we cannot now remember.
Another financier, who almost rivalled Rothschild as a speculator, was
Abraham Goldsmid, who was ruined by a conspiracy. He, in conjunction
with a banking establishment, had taken a large Government loan. The
conspirators managed to cause the omnium stock to fall to 18 discount.
The result was Goldsmid’s failure and eventually his suicide, whilst the
conspirators made a profit of about £2,000,000.
Among other notable stockbrokers we must not omit Francis Bailey,
F.S.A., President of the Royal Astronomical Society, who retired from
the Stock Exchange in 1825. In 1851 he repeated at his house in
Tavistock Place, Russell Square, the Cavendish experiment of weighing
the earth, and calculating its bulk and figure, and at the same time
verifying the standard measure of the British nation, and rectifying
pendulum experiments. In the garden of the house a small observatory
was erected for those purposes, and is, we believe, still standing.
Public-domain text, read in full here on John Shaqi.
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