The Every-day Book and Table Book, v. 1 (of 3): or Everlasting Calendar of Popular Amusements, Sports, Pastimes, Ceremonies, Manners, Customs and Events, Incident to Each of the Three Hundred and Sixty-five Days, in past and Present Times; Forming a Complete History of the Year, Month, and Seasons, and a Perpetual Key to the AlmanacHone, William
History
The Every-day Book and Table Book, v. 1 (of 3): or Everlasting Calendar of Popular Amusements, Sports, Pastimes, Ceremonies, Manners, Customs and Events, Incident to Each of the Three Hundred and Sixty-five Days, in past and Present Times; Forming a Complete History of the Year, Month, and Seasons, and a Perpetual Key to the Almanac
Hone, William
Days; Great Britain -- Social life and customs
A correspondent in the “London Magazine” declares, that “if we named the
several divisions of the year after the French revolutionary fashion, by
the phenomena observable in them, we should, from our experience of
January, 1825, call it _Bubblose_--it has been a month of most
flagitious and flourishing knavery.” He pleasantly assumes that Mr.
Jeremiah Hop-the-twig, attorney at law, benevolently conceives the idea
of directing “surplus capital” to the formation of “a joint stock
company for the outfit of air-balloons, the purchase of herds of swine,
and the other requisites for a flourishing lunar commerce; Capital One
Million, divided into 10,000 shares of 100_l._ each.” The method is then
related of opening an account with a respectable banking-house,
obtaining respectable directors, appointing his son-in-law the
respectable secretary, the son of a respected director the respectable
standing counsel, and the self-nomination of the respectable Mr.
Jeremiah H. and Co. as the respectable solicitors. Afterwards come the
means of raising the bubble, to the admiration of proper persons who pay
a deposit of 5_l._ per share; who, when the shares “look down,” try to
sell, but there are “no buyers,” the “quotations are nominal;” a second
instalment called for, the holders hesitate; “their shares are
forfeited;” the speculation is consequently declared frustrated; and
there being only £10,000 in the bankers’ hands to pay “Mr.
Hop-the-twig’s bill of 10,073_l._ 13_s._ 4_d._ that respectable
solicitor is defrauded of the sum of 73_l._ 13_s._ 4_d._ This is the
rise and fall of a respectable _bubble_.”
Undoubtedly, among these various schemes afloat, some will be productive
of great benefit to the country; but it is seriously to be considered
whether the estimation of some of them in a money view be not too high,
and forced to an undue price by the arts of jobbing:
Haste instantly and buy, cries one
Real Del Monte shares, for none
Will hold a richer profit;
Another cries--No mining plan
Like ours--the Anglo-Mexican
As for Del Monte, scoff it.
_This_ grasps my button, and declares
There’s nothing like Columbian shares,
The capital a million;--
_That_, cries La Plata’s sure to pay;
Or bids me buy without delay
Hibernian or Brazilian.
’Scaped from the torments of the mine
Rivals in Gas, an endless line,
Arrest me as I travel;
Each sure my suffrage to receive,
If I will only give him leave,
His project to unravel.
By Fire and Life insurers next
I’m intercepted, pester’d, vex’d,
Almost beyond endurance;
And though the schemes appear unsound,
Their advocates are seldom found
Deficient in assurance.
Last I am worried, shares to buy
In the Canadian company,
The Milk Association,
The Laundry-men who wash by steam,
Rail-ways, Pearl-fishing, or the scheme,
For Inland Navigation.
_New Monthly Mag._
Public-domain text, read in full here on John Shaqi.
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