Banks and banking -- France -- History -- 19th -- Fiction
Then, as an effect of all the formidable advertising, the probability
of an increase of capital, the rumour of a new issue of fifty millions,
fevered even the most sensible of that agitated society, ripe for
every folly. From humble dwellings to aristocratic mansions, from
the dark dens of door-porters to the drawing-rooms of duchesses, all
heads took fire; the general infatuation became blind faith, heroic
and ready for battle. Folks enumerated the great things done by the
Universal--its first startling successes, its unexpected dividends,
such as no other company had distributed in the early phases of its
existence. They recalled that happy idea of the United Steam Navigation
Company, which had so speedily yielded a magnificent profit, and
whose shares already commanded a premium of a hundred francs. Then
there was the Carmel silver-mine, with its miraculous yield of the
precious metal, to which a reverend preacher had referred during Lent
from the pulpit of Notre-Dame, calling it a gift from the Most High
to trusting Christians.[21] And, besides this, there was another
company established to work the immense deposits of coal which had been
discovered; and yet another which was going to work the vast Lebanon
forests, felling a certain number of trees every year, to say nothing
of the establishment of that substantial concern, the National Turkish
Bank at Constantinople.
There had not been one check; good fortune, ever on the increase,
changed everything that the Universal touched into gold. There
was already a large _ensemble_ of prosperous creations, providing
an immovable basis for future operations and justifying the rapid
increase of the capital. Then there was the future which opened before
overheated imaginations--the future so big with great enterprises
that it necessitated that call for another fifty millions, the mere
announcement of which was sufficient to upset men's brains. In this
respect there was an unlimited field for Bourse and drawing-room
rumours; however, the approaching grand affair of the Oriental Railway
Company stood out amid all other projects, found its way into all
conversations, decried by some and exalted by others.
Public-domain text, read in full here on John Shaqi.
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