Disasters -- Fiction; London (England) -- Fiction; Science fiction; Short stories
Ericsson and his partner pushed their way past inquisitive spectators
who had nothing to lose, and therefore enjoyed the strange scene; they
elbowed wealthy-looking men in all the garb of prosperity whose haggard
faces gave the lie to their outer air.
Everybody was constrained and alert. The big financiers who usually
controlled the markets were getting frightened. They assumed that there
must be no panic, they desired that nothing should be done till the
full magnitude of the disaster could be verified.
But people believed in the integrity of _The Messenger_ which had never
played them false yet. The great men of the exchanges and the marts
had forgotten their human nature for the moment. They were asking poor
humanity to put aside greed and self interest and love of money, the
father to forget his savings, and the widow to ignore her dividends.
They might just as well have appealed to the common sense of a flood
tide swept by the gale.
Two of the big men were penned on the pavement on Cornhill. Their
names were good on "'Change" for any amount in reason; they reckoned
themselves rich and comfortable. But the strain of the situation was
getting on their nerves.
"I'd give £50,000 to have my way here for a few hours, Henderson," said
one.
"I'd give twice that to feel that I had what I deemed myself to possess
yesterday," said Sir James Henderson. "What would you like to do,
Kingsley?"
"Clear the streets," the great bullion broker replied. "Get some
troops and Maxims, and declare the City in a state of siege for
eight-and-forty hours. Pass a short Act of Parliament prohibiting
people from dealing in stocks and shares for a week. By that time the
panic would have allayed itself and folks regained their sanity. As it
is, thousands are going to be ruined. Every share in the South African
market is absurdly inflated, and, even if the disaster is small, prices
must keep low. But there is worse coming than that, my friend."
Already rumours were spreading far and wide as to the fall of certain
shares. Mines that yesterday stood high in the estimation of the public
were publicly offered at a reduction of from eight to ten points; even
the gilt-edged securities were suffering.
The feeling grew that nothing was safe. It is the easiest thing in the
world to shake public assurance where money is concerned. With one
accord the thousands of large and small speculators had set out for the
City to get rid of their liability on the earliest possible occasion.
They asked for no profits, they demanded no margin--they would have
been content to get out at a loss.
Public-domain text, read in full here on John Shaqi.
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