Banks and banking -- France -- History -- 19th -- Fiction
Saccard's visit, the extraordinary energy of which the little man gave
proof, the vast idea which he unfolded of buying up every share in the
market, struck Daigremont with real admiration. It was madness, but are
not the great men of war and finance often only madmen who succeed? At
all events, Daigremont formally promised to come to Saccard's aid at
the Bourse the next day; he had already taken up strong positions, he
said, but he would go to Delarocque, his broker, and extend them; to
say nothing of his friends, whom he would also go to see--a complete
syndicate, as it were, which he would bring up as reinforcements. In
his opinion, they could estimate this new army corps at a hundred
millions, for immediate use. That would suffice. Thereupon Saccard,
radiant, feeling certain of conquering, decided on his plan of
battle--a flank movement of rare boldness, borrowed from the tactics
of the most illustrious captains: in the first place, at the opening
of the Bourse, a simple skirmish to attract the 'bears' and give them
confidence; then, when the 'bears' should have obtained a first success
and prices should be falling, Daigremont and his friends would arrive
with their heavy artillery, all those unexpected millions, emerging
from ambush, assailing the 'bears' in the rear and overwhelming them;
they would be crushed to pieces--massacred. Such was the plan, and when
it had been agreed upon Saccard and Daigremont separated, shaking hands
and laughing triumphantly.
An hour later, just as Daigremont, who was dining out that evening, was
about to dress, he received another visit, from the Baroness Sandorff.
In her bewilderment she had been seized with the idea of consulting
him. She told her fears, and whilst lying as to the feverish spirit of
treachery that had prompted her, narrated her visit to Gundermann and
repeated the latter's reply. Daigremont, becoming very merry, amused
himself by frightening her still more, assuming an air of doubt, as
though almost believing that Gundermann had told the truth in swearing
that he was not a 'bear.' And, indeed, can one ever tell? 'The Bourse
is a real forest, a forest on a dark night through which one has to
grope one's way. In such darkness, if you are so ill-advised as to
listen to all the silly contradictory stories that are invented, you
are certain to come to grief.'
'Then I ought not to sell?' she asked anxiously.
'Sell, why? It would be madness! To-morrow we shall be the masters;
Universals will go up again to three thousand one hundred. So stand
firm, whatever happens: you will be pleased with the last quotation. I
cannot tell you more.'
Public-domain text, read in full here on John Shaqi.
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