Banks and banking -- France -- History -- 19th -- Fiction
'Listen to me, my friend,' she said. 'Reflect that our three thousand
shares have brought us more than seven millions and a half. Is not that
an unhoped-for, an extravagant profit? Indeed, all this money frightens
me, I cannot believe that it belongs to me. However, it is not our
personal interest that is in question. Think of the interests of all
those who have entrusted their fortunes in your hands, of all the
millions which you are risking in the game. Why sustain that senseless
rise? why stimulate it further? I hear people say on every hand that a
catastrophe lies inevitably at the end of it all. You cannot keep on
rising for ever; there is no shame in allowing the shares to revert to
their real value, and, with the enterprise firm and stable, that will
mean salvation.'
But he had already sprung to his feet.
'I mean that the quotations shall reach three thousand francs!' he
cried. 'I have bought, and I will buy again, even if it kills me. Yes!
may I burst and all burst with me, if I do not reach the figure of
three thousand francs, and keep to it!'
After the settlement of December 15, Universals rose to two thousand
eight hundred, and then to two thousand nine hundred francs. And on the
21st the quotation of three thousand and twenty francs was proclaimed
at the Bourse, amid the uproar of an insane multitude. There was no
longer any truth or logic in it all; the idea of value was perverted
to the point of losing all real significance. A report was current
that Gundermann, contrary to his prudent habits, had involved himself
in frightful risks. For months he had been nursing a fall; and so each
fortnight his losses had increased by leaps and bounds in proportion
to the rise Indeed, people were beginning to whisper that his back
might be broken after all. All brains were topsy-turvy; prodigies were
expected.
And at that supreme moment, when Saccard, at the summit, felt the earth
trembling under him, and secretly feared that he might fall, he was
king. When his carriage reached the Rue de Londres, and drew up outside
the triumphal palace of the Universal, a valet hastened down and spread
out a carpet, which rolled across the footway from the vestibule
steps to the gutter; and then Saccard condescended to alight from his
brougham, and made his entrance into the Bank, like a sovereign, spared
from treading on the common pavement of the streets.
CHAPTER X
THE BATTLE OF MILLIONS
Public-domain text, read in full here on John Shaqi.
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