Banks and banking -- France -- History -- 19th -- Fiction
'Precisely!' exclaimed Saccard, jesting in his turn. 'It will increase
and multiply and give you millions. There is nothing like stolen money
to yield a profit. Within a week from now you'll see--you'll see what a
rise there will be.'
And indeed Hamelin, having been compelled to delay his departure,
witnessed with surprise a rapid rise in the price of Universal. At the
settlement at the end of May they commanded more than seven hundred
francs. This was the usual result which attends an augmentation of
capital: the classic whip-stroke, the trick of stimulating success,
of urging the quotations into a brisk canter whenever there is a
new issue. But the rise was also in a measure due to the genuine
importance of the enterprises which the Bank was about to launch.
The large yellow bills, placarded all over Paris, announcing the
approaching opening of the Carmel silver mines, had ended by turning
every head, kindling the first symptoms of a passionate intoxication
which was destined to grow and sweep all common sense away. The ground
was prepared; for there, all ready, was that compost of the Empire,
compounded of fermenting remnants and heated by maddened appetites,
a soil favourable to one of those wild growths of speculation which
every ten or fifteen years block and poison the Bourse, leaving
only ruin and blood behind them.[20] Swindling financial concerns
were already springing up like mushrooms; great companies, by the
example they set, were urging people into risky speculative ventures;
an intense gambling fever was breaking out amidst the uproarious
prosperity of the reign, amidst all the dazzling whirl of pleasure and
luxury, of which the approaching Exhibition promised to be the final
splendour, the deceptive transformation scene, as at the close of some
extravaganza. And amidst the vertigo that had seized upon the mob,
amidst the scramble of all the fine chances that were freely offered,
the Universal was at last setting in motion, like some powerful machine
which was destined to infatuate and crush everybody, and which violent
hands were heating incautiously, immoderately, to the point almost of
explosion.
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