Banks and banking -- France -- History -- 19th -- Fiction
Almost every day Saccard thus went up to the newspaper office on
leaving the Bourse, and often even made appointments in the room which
he had reserved for himself there, in order to negotiate certain
special and mysterious affairs. Jantrou, moreover, although officially
only the director of 'L'Espérance,' for which he wrote political
articles in the finished, florid style of a University man, articles
which his opponents themselves recognised as the 'purest atticism,' was
in addition the financier's secret agent, entrusted with the discharge
of delicate duties. And among other things he had just organised a
vast advertising scheme in connection with the Universal Bank. Of the
little financial sheets that swarmed all over France, he had chosen
and 'bought' a dozen. The best belonged to doubtful banking-houses,
whose very simple tactics consisted in publishing and supplying copies
of these prints for two or three francs a year, a sum which did not
even represent the cost of postage; but then they recouped themselves
in another way, dealing in the money and securities of the customers
which the papers brought them. It was pretended that the sole object
of these papers was to publish the Bourse quotations, the winning
numbers in the bond drawings, all the technical information useful to
petty capitalists, but gradually puffs were slipped in among the other
'copy,' in the form of recommendation and advice, at first modestly and
reasonably, but soon immoderately and with quiet impudence, so as to
sow ruin among credulous readers.
From among the mass of the two or three hundred publications which
were thus ravaging Paris and France, Jantrou, with keen scent, had
just chosen those which had not as yet lied too boldly, and were not,
therefore, in too bad odour. But the big affair which he contemplated
was the purchase of one of them, the 'Côte Financière,' which already
had twelve years of absolute honesty behind it; only such honesty
threatened to be very expensive, and he was waiting till the Universal
should be richer and find itself in one of those situations when a
last trumpet blast determines the deafening peals of triumph. However,
he had not confined himself to gathering together a docile battalion
of these special organs, which in each successive number celebrated
the beauty of Saccard's operations; he had also contracted with the
principal political and literary journals, keeping up in their columns
a running fire of amiable paragraphs and laudatory articles, at so
much a line, and assuring himself of their aid by presents of shares
when new issues were placed on the market. And then, too, there was
the daily campaign carried on under his orders in 'L'Espérance,'
not a violent campaign of approbation, but an explanatory and even
argumentative one, a slow fashion of seizing hold of the public and
strangling it.
Public-domain text, read in full here on John Shaqi.
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