On the following morning my breakfast-table was covered with shoals of
letters, from fellows whom I scarcely ever had spoken to--or who, to
use a franker phraseology, had scarcely ever condescended to speak to
me--entreating my influence as a director to obtain them shares in the
new undertaking. I never bore malice in my life, so I chalked them
down, without favouritism, for a certain proportion. Whilst engaged in
this charitable work, the door flew open, and M'Corkindale, looking
utterly haggard with excitement, rushed in.
"You may buy an estate whenever you please, Dunshunner," cried he,
"the world's gone perfectly mad! I have been to Blazes the broker, and
he tells me that the whole amount of the stock has been subscribed for
four times over already, and he has not yet got in the returns from
Edinburgh and Liverpool!"
"Are they good names though, Bob--sure cards--none of your M'Closkies,
and M'Alcohols?"
"The first names in the city, I assure you, and most of them holders
for investment. I wouldn't take ten millions for their capital."
"Then the sooner we close the list the better."
"I think so too. I suspect a rival company will be out before long.
Blazes says the shares are selling already conditionally on allotment,
at seven-and-sixpence premium."
"The deuce they are! I say, Bob, since we have the cards in our hands,
would it not be wise to favour them with a few hundreds at that rate?
A bird in the hand, you know, is worth two in the bush, eh?"
"I know no such maxim in political economy," replied the secretary.
"Are you mad, Dunshunner? How are the shares ever to go up, if it gets
wind that the directors are selling already? Our business just now, is
to _bull_ the line, not to _bear_ it; and if you will trust me, I
shall show them such an operation on the ascending scale, as the Stock
Exchange has not witnessed for this long and many a day. Then,
to-morrow, I shall advertise in the papers that the committee, having
received applications for ten times the amount of stock, have been
compelled, unwillingly, to close the lists. That will be a slap in the
face to the dilatory gentlemen, and send up the shares like wildfire."
Bob was right. No sooner did the advertisement appear, than a
simultaneous groan was uttered by some hundreds of disappointed
speculators, who with unwonted and unnecessary caution had been
anxious to see their way a little before committing themselves to our
splendid enterprise. In consequence, they rushed into the market, with
intense anxiety to make what terms they could at the earliest stage,
and the seven-and-sixpence of premium was doubled in the course of a
forenoon.
Public-domain text, read in full here on John Shaqi.
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