Banks and banking -- France -- History -- 19th -- Fiction
Prices had but slightly risen, and Saccard had time to give Massias
fresh orders for Nathansohn. Then, as little Flory passed by on the
run, he asked him to hand Mazaud a _fiche_ on which he had written a
request to the broker to continue buying, to keep on at it indeed until
he sent him word to stop. Flory read what was written on the _fiche_ as
he trotted off, and, fired with confidence, followed the great man's
lead, at once effecting some purchases on his own account. And at a
quarter to two o'clock the thunderbolt fell in the midst of the crowded
Bourse. Austria surrendered Venetia to the Emperor; the war was over.
Whence had the news arrived? Nobody knew; but it came simultaneously
from every tongue, and, indeed, from the very flagstones. Someone had
brought it, and all repeated it in a growing clamour, like the loud
voice of an equinoctial tide. Prices then began to rise with furious
bounds amidst the frightful uproar; and before the bell rang out the
closing hour there was a difference of forty, fifty francs in many
quotations. It was an indescribable _mêlée_--one of those battles in
which confusion prevails, when soldiers and officers alike rush hither
and thither, thinking only of saving their skins, but unable to do so
because they are blinded, deafened, and no longer possess any clear
idea of the situation. Perspiration streamed from the foreheads of the
combatants, whilst the relentless sun beat upon the steps, wrapping the
Bourse in the blaze of a conflagration.
When settling day came round, and it was possible to form an idea of
the disaster, it proved an immense one. The battle-field was strewn
with wounded and ruined. 'Bear' Moser was one of the most severely
hit. Pillerault, who on this one occasion had despaired of a rise,
paid dearly for his weakness. Maugendre was out of pocket to the
tune of fifty thousand francs, his first serious loss. The Baroness
Sandorff had such heavy differences to make good that Delcambre, it
was reported, refused to pay for her; and she turned quite white
with rage and hatred at the mere mention of her husband, the Embassy
councillor, who had held the despatch in his own hands before Rougon
had ever seen it, and yet had not said a word to her on the subject.
But the big bankers, the Jewish bankers especially, had been subjected
to a terrible defeat--a real massacre, so to say. It was asserted that
Gundermann, for his part, had lost eight millions of francs. And this
astounded people. How was it that he had not been warned--he, the
undisputed master of the market, to whom Cabinet Ministers were but
clerks and states, dependencies? There had evidently been one of those
extraordinary combinations of circumstances which bring about great
strokes of chance. It was an unforeseen, an idiotic disaster that had
befallen the market, a disaster outside the pale of logic and reason.
Public-domain text, read in full here on John Shaqi.
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