Banks and banking -- France -- History -- 19th -- Fiction
In the early days of December, amidst the extraordinary fever to which
the Bourse was still a prey, Universals had reached the price of two
thousand seven hundred francs. Unfortunately, the alarming reports
went on growing and spreading, and though the rise continued there was
an intolerable feeling of uneasiness. The inevitable catastrophe was
indeed openly predicted, and if the shares still went up--went up
incessantly--it was by the force of one of those prodigious, obstinate
infatuations which refuse to surrender to evidence. And Saccard now
lived amid the glamour of his spurious triumph, with a halo around
him as it were--a halo emanating from that shower of gold which he
caused to rain upon Paris. Still, he was shrewd enough to feel that the
soil beneath him was undermined, cracking, threatening to sink under
his feet and swallow him up. And so, although he remained victorious
after each settlement, he felt perfectly enraged with the 'bears,'
whose losses must already be very heavy. What possessed those dirty
Jews that they should fight on so tenaciously? Would he not soon
annihilate them? And he was especially exasperated by the fact that,
apart from Gundermann, who was playing his usual game, he could scent
other sellers--soldiers of the Universal perhaps, traitors who, losing
confidence, were going over to the enemy, all eagerness to realise
their gains.
One day when Saccard was thus venting his displeasure in presence of
Madame Caroline, she thought it her duty to tell him everything. 'You
know, my friend,' said she, 'that I also have sold. Yes, I have just
parted with our last thousand shares at the rate of two thousand seven
hundred francs.'
He was overcome, as though confronted by the blackest of treasons. 'You
have sold, you! you, my God!' he gasped.
She had taken hold of his hands and was pressing them, really grieved
for him, but reminding him that she and her brother had long since
warned him of their intention. Moreover, Hamelin, who was still at
Rome, kept on writing to her in the most anxious strain about this
exaggerated rise, which he could not understand, and which must be
stopped, said he, even under penalty of tumbling into an abyss. Only
the day before she had received a letter from him, giving her formal
orders to sell. And so she had sold.
'You, you!' repeated Saccard; 'so it was you who were fighting me, you
whom I felt in the dark! It is your shares that I have been obliged to
buy up!'
He did not fly into a passion, as he usually did, and she suffered the
more from his utter despondency; she would have liked to reason with
him, to induce him to abandon that merciless struggle, which nothing
but a massacre could terminate.
Public-domain text, read in full here on John Shaqi.
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