Banks and banking -- Fiction; England -- Social life and customs -- 19th century -- Fiction; Love stories
In Aldersbury there had been a simmering of excitement through all the
hours of that Monday. At the corner of the Market Place on which the
little statue of the ancient Prince looked down, in the shops on Bride
Hill, in the High Street under the shadow of St. Juliana’s, knots of
people had gathered, discussing, some with scared faces and low voices,
others with the gusto of unconcern, the rumors of troubles that came
through from Chester, from Manchester, from the capital; that fell from
the lips of guards in inn-yards, and leaked from the boots of coaches
before the Lion. Gibbon’s, one of the chief banks at Birmingham, had
closed its doors, Garrard’s had stopped payment at Hereford, there was
panic on the stones in Manchester, a bank had failed at Liverpool. It
was reported that a director had hung himself, a score had fled to
Boulogne, dark stories of ’15 and ’93 were revived. It was asserted
that the Bank of England had run out of gold, that cash payments would
be again suspended. In a dozen forms these and wilder statements ran
from mouth to mouth, gathered weight as they went, blanched men’s faces
and turned traders’ hearts to water. But the worst, it was agreed,
would not be known until the afternoon coaches came in and brought the
mails from London. Then—ah, then, people would see what they would see!
Idle men, with empty pockets, revelled in news which promised to bring
all to their level. And malice played its part. Wolley, who had little
but a debtor’s prison in prospect, was in town and talking, bent on
revenge, and the few who had already withdrawn their accounts from
Ovington’s were also busy; foxes who had lost their tails, they felt
themselves marked men until others followed their example. Meanwhile,
Purslow and such as were in his case lay low, sweated in their
shop-parlors, conned their ledgers with haggard faces, or snarled at
their womenfolk. Gone now was the pride in stock and scrip, and
bounding profits! Gone even the pride in a directorship.
Purslow, perhaps, more than anyone was to be pitied. A year before he
had been prosperous, purse-proud, free from debt, with a good business.
Now his every penny was sunk in unsaleable securities, his credit was
pledged to the bank, his counter was idle, while trade creditors whom
in the race for wealth he had neglected were pressing him hard. Worst
of all, he did not know where he could turn to obtain even the small
sum needed to pay the next month’s wages.
Public-domain text, read in full here on John Shaqi.
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