Banks and banking -- France -- History -- 19th -- Fiction
'No doubt,' said he, 'if the shares were issued at eleven hundred
francs, instead of at eight hundred and fifty, we should then have
exactly the twenty-five millions we want.'
'Then settle things in that way,' she resumed: 'you can hardly fear
that the shareholders will kick at it. They will pay eleven hundred
francs as readily as eight hundred and fifty.'
'Oh yes, that is certain,' said Saccard. 'They'll pay whatever we like,
and they'll even fight together to decide who shall pay most. They have
quite lost their heads and would storm the building to bring us their
money.'
All at once, however, he recovered his self-possession, and with a
violent start of protest exclaimed: 'But come, what are you talking
about? I don't want to ask them eleven hundred francs on any account.
It would really be too foolish and too simple. Understand that in these
financial matters it is always necessary to strike the imagination.
The grand idea is to take money out of people's pockets before it has
even got into them. They at once imagine that they are not parting with
it. They fancy even that a present is being made to them. And besides,
can't you see what a colossal effect will be produced by the newspapers
notifying these anticipated profits, announcing with a flourish of
trumpets these thirty-six millions gained in advance? Why, the whole
Bourse will take fire; our shares will be quoted at over two thousand
francs, and will keep on rising and rising till there will be no
stopping them.'
He gesticulated as he spoke, erect, and stretching his little legs
till he really became taller, his arms waving among the stars, like
the inspired bard of Money, whose poetic flight, no failure, no ruin
had ever been able to check. To urge on his enterprises, to keep them
at a feverish gallop--that was his instinctive system, the course into
which he dashed, both heart and soul. He had compelled success, kindled
every greed by that lightning march of the Universal--three issues of
shares in three years, the capital leaping from five and twenty to
fifty, one hundred, and one hundred and fifty millions with a speed
which seemed to denote miraculous prosperity. And the dividends also
had increased by leaps and bounds--nothing the first year, then ten
francs, then thirty-three francs per share, and now thirty-six millions
to be apportioned amongst the entire stock and release it. And all this
had been achieved amidst the deceptive overheating of the machine, the
fictitious subscription of shares and their retention by the Bank, in
order to make people believe that they had really been taken up. Yes,
it had been achieved thanks to the impulse imparted by speculation at
the Bourse, where each fresh increase of capital had determined such an
exaggerated rise in the quotations.
Still deep in his examination of Saccard's scheme, Hamelin had not
supported his sister in her remarks.
Shaking his head, he now reverted to questions of detail.
Public-domain text, read in full here on John Shaqi.
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