Banks and banking -- France -- History -- 19th -- Fiction
When Hamelin had taken the chair and opened the meeting, Lavignière,
who had been re-elected auditor and was soon to be raised to a position
on the board--his dream--was called upon to read a report on the
financial situation of the Bank, such as it would be at the end of next
December. In order to comply with the statutes, Saccard had devised
this plan of controlling, as it were, the anticipatory balance-sheet
which the meeting would have to deal with. Lavignière reminded the
shareholders of the balance-sheet of the previous year, presented at
the ordinary meeting in April--that magnificent balance-sheet which had
shown a net profit of eleven millions and a half, and after allowing
five per cent. for the shareholders, ten per cent. for the directors,
and ten per cent. also for the reserve fund, had admitted of the
further distribution of a dividend of thirty-three per cent. Then,
with a deluge of figures, he established that the sum of thirty-six
million francs given as the approximate profits of the current year,
far from seeming to him exaggerated, fell short of the most modest
hopes. Undoubtedly he was sincere, and had conscientiously examined
the documents submitted for his verification; but, in order to study a
set of accounts thoroughly, it is necessary to draw up another set.
Besides, the shareholders did not listen to him. Only a few devotees,
Maugendre and others, petty holders who represented a vote or two,
drank in his figures amid the persistent hum of conversation. For the
others the auditors' report was not of the slightest consequence. It
was only when Hamelin at last arose that a religious silence ensued.
Not at once, however, for applause broke out even before he had opened
his mouth, as a homage to the zeal and stubborn, brave genius of this
man, who had gone so far in search of barrels of money to empty them
upon Paris. After that came ever-increasing success, swelling into
triumph. The audience hailed a fresh reminder of the balance-sheet
of the previous year, which Lavignière had been unable to make them
hear. But the estimates of the approaching balance-sheet especially
excited their delight--millions for the Steam Navigation Company,
millions for the Carmel silver-mine, millions for the Turkish National
Bank; and the addition seemed endless, the thirty-six millions grouped
themselves in an easy natural fashion, and then fell in a cascade with
a ringing sound. But a further horizon was revealed, when the future
operations were dealt with. The Oriental Railway Company appeared--at
first the main line, the work in connection with which was about to
begin; then the branch lines, the whole network of modern industry
and enterprise thrown over Asia, humanity's triumphant return to its
cradle, the resurrection of the old world. And in the far distance
loomed up the mystery which they did not speak of, the crowning of the
edifice which was to astonish the nations. When Hamelin at last came
Public-domain text, read in full here on John Shaqi.
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