Nasby in Exile: or, Six Months of Travel in England, Ireland, Scotland, France, Germany, Switzerland and Belgium, with many things not of travelLocke, David Ross
Philosophy
Nasby in Exile: or, Six Months of Travel in England, Ireland, Scotland, France, Germany, Switzerland and Belgium, with many things not of travel
Locke, David Ross
Europe -- Description and travel
What could be better than this? Here is a man with some money bearing
three per cent., and here is a proposition to give him twenty per cent.
There are "Honorables," and "Sirs," and "Esquires" on the board, and Mr.
Atwood, F. R. S., and all the rest of it, shows that twenty per cent.
has been made in Venezuela. Why should not the man convert some of his
beggarly three per cents. into cash and take a shy at it, as Wall street
would say, and set up his carriage on the profits? True, he don't know
one of the Sirs or Honorables, and Atwood, F. R. S., etc., is quite as
unknown to him. But then the advertisements! They cover half a page in
each paper in London, and that costs an immense sum, and were there not
something in it how could they make that vast expenditure?
He takes it, never dreaming that the speculators who pay for these
advertisements, do it for the purpose of catching just such gudgeons as
he is, knowing, for they know human nature, that the modest
announcements that are made for really solid investments, would not
catch him at all.
There are projected companies for supplying London with fish, all with
boards of directors, and all promising from ten to twenty per cent.
profit, not one of them with less than two million five hundred thousand
dollars capital, in shares of five dollars each. Now there is no city in
the world so well supplied with fish as London, in fact the supply is
far beyond the demand, and there is no city which has cheaper sea food.
There being innumerable private firms in the business, and there being
fish markets everywhere, it would be supposed that a man of fair
intelligence would question the possibility of any new company being
able to compete in the business profitably. But, as in the mining
companies, the array of names, and the deliciously worded prospectus,
are hooks that never fail to catch. It is not the fish in the sea that
these fellows are after.
These are only specimen bricks. There are companies for the development
of iron mines, of tin mines, of copper mines, and all other kinds of
mines in England, Spain, Algeria, India, and everywhere under the sun,
companies proposing to buy vast tracts of land in Iowa, Minnesota,
Wisconsin, Colorado, New Mexico, and everywhere else, each with its
board of noblemen, its bankers and solicitors.
Public-domain text, read in full here on John Shaqi.
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