Banks and banking -- France -- History -- 19th -- Fiction
His wife, growing anxious, declared that she would rather drown herself
at once than see him risk a copper; but he reassured her. What did
she take him for? Never in his life would he do such a thing! Yet
an opportunity had offered; both had long desired to build a little
greenhouse in their garden--a greenhouse costing from five to six
thousand francs; and thus one evening, his hands trembling with a
delightful emotion, he laid upon his wife's work table six notes of a
thousand francs each, saying that he had just won them at the Bourse;
a stroke which he had felt sure of, an indulgence which he promised
he would never allow himself again, and on which he had only ventured
because of the greenhouse. She, a prey to mingled anger and astonished
delight, had not dared to scold him, and the following month he
launched out into some transaction in options, explaining to her that
he feared nothing since he limited his loss. Besides, there were some
excellent chances among the lot, and it would have been very stupid of
him to let others alone profit by them. And thus--it was fatal--he
began to speculate, in a small way at first, but gradually more boldly,
whilst she, tortured by anxiety, like a good prudent housewife, yet
with her eyes sparkling at the slightest gain, continued to predict
that he would die a beggar.
But it was especially Captain Chave, Madame Maugendre's brother, who
blamed his brother-in-law. He, who could not live on his pension of
eighteen hundred francs a year, speculated at the Bourse to be sure;
but then he was the shrewdest of the shrewd; he went there as a clerk
goes to his office, and embarked solely in cash transactions, brimming
over with delight when he took his twenty-franc piece home in the
evening. These were daily operations of the most certain sort, and so
modest that there was no possibility of catastrophe. His sister had
offered him a home in her house, which was too large now that Marcelle
had married; but wishing to be free, he had refused, and tenanted a
single room in the rear of a garden in the Rue Nollet. For years he
had been cautioning Maugendre, telling him not to gamble, but to take
life easily; and when the latter had cried, 'But you?' he had made a
vigorous gesture. Oh! he! that was different; he hadn't got an income
of fifteen thousand francs! If he gambled, it was the fault of that
dirty Government which begrudged to its old soldiers the delights
of their old age. His great argument against gambling was that the
gambler is mathematically bound to lose: if he wins, he has to deduct
brokerage and stamp tax; if he loses, he has to pay these taxes in
addition to his loss. So that, even admitting that he wins as often as
he loses, he is still out of pocket to the extent of the stamp tax and
the brokerage. At the Paris Bourse these taxes annually produce the
enormous total of eighty millions of francs. And he brandished those
figures--eighty millions gathered in by the State, the brokers, and the
Public-domain text, read in full here on John Shaqi.
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