The Continental Monthly, Vol. 1, No. 2, February, 1862: Devoted To Literature And National PolicyVarious
History
The Continental Monthly, Vol. 1, No. 2, February, 1862: Devoted To Literature And National Policy
Various
Literature, Modern -- 19th century -- Periodicals; United States -- Politics and government -- 19th century -- Periodicals
In the hope of presenting some of its details to the reader, I procured,
at an enormous expense, a Babbage calculating engine, and during three
successive weeks worked it without pause upon the illimitable figures.
It then became clogged, and the village Vulcan, whose impartial hand
corrects at once the time-pieces and the plowshares of the neighborhood,
having knocked the machinery to pieces with a sledge, declared himself
incompetent to explain and unable to repair. My results therefore are
maimed and imperfect, but I trust they will show that I have not
exaggerated the difficulty of the process of reduction and estimation.
The fragmentary portions of the estate, then, are: the entire capital
stock of thirty-eight of the Banks of New York city (though here a wise
policy has suggested the employment of various respectable names as
those of shareholders, in order to protect these institutions from the
fury of a mob); all that portion of the metropolis lying between the
Twelfth and Twenty-second Avenues, from Canal Street to the suburb of
Poughkeepsie, comprising of necessity the water rights and quarries;
eighteen thousand millions of bullion specially deposited in the State
Bank of Mississippi, to the order of the six New England Governors,
trustees; the Pont-Noir mansion on Nultiel Street, surrounded by
twenty-five acres of land, the very heart of the best New York
residences, and variously estimated from six to eight millions of
dollars; the remote but tolerably well known villages of Boston and
Philadelphia in their entirety; and one undivided tenth of the stock of
the Valley Bank. It was upon the last investment that Roseton chiefly
drew for his expenses. 'My fancy,' said he, 'inclines me to convert
Boston into an observatory, and Philadelphia into a tea-garden, and
nothing but an amiable regard for the comfort of a handful of families
prevents at once from carrying such plans into effect. My mansion is of
necessity unproductive; and the Mississippi bullion is greatly needed
where it already is. City property is a dreadful nuisance, the taxes are
outrageous and the tenants pay poorly; and although the New York Banks
announce dividends, yet when you come to look at their actual condition,
hum, hum;--is that door shut?--just put your ear a little this way, so;
there, I say nothing; there are Banks and Banks; but a building may have
two doors, and what goes _out_ at one may come _in_ again at the other,
eh? Mind, I say nothing. So you see, beside the East Haddam diamond
mines, which are at present badly worked; and a few South American
republics which are chiefly occupied in assassinating their presidents;
and a border State or two that usually leave me to provide for their
half-yearly coupons;--besides these resources, you see, I have really
little else to look to but the Valley Bank.'
Public-domain text, read in full here on John Shaqi.
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