The Humbugs of the World: An Account of Humbugs, Delusions, Impositions, Quackeries, Deceits and Deceivers Generally, in All AgesBarnum, P. T. (Phineas Taylor)
General
The Humbugs of the World: An Account of Humbugs, Delusions, Impositions, Quackeries, Deceits and Deceivers Generally, in All Ages
Barnum, P. T. (Phineas Taylor)
Impostors and imposture
These stout old fellows were not only hardy navigators, keen
discoverers, ingenious engineers, laborious workmen, able financiers,
shrewd and rich merchants, enthusiastic patriots and tremendous
fighters, but they were eminently distinguished (as they still are to a
considerable extent) by a love of elegant literature, poetry, painting,
music and other fine arts, including horticulture. It was a Fleming that
invented painting in oils. Before him, white of egg was used, or
gum-water, or some such imperfect material, for spreading the color.
Erasmus, one of the most learned, ready-minded, acute, graceful and
witty scholars that ever lived, was a Dutchman. All Holland and
Flanders, in days when they were richer, and stronger compared with the
rest of the world than they are now, were full of singing societies and
musical societies and poetry making societies. The universities of
Leyden and Utrecht and Louvain are of highly an ancient European fame.
And as for flowers, and bulbs in particular, Holland is a principal home
and market of them now, more than two hundred years after the time I am
going to tell of.
Tulips grow wild in Southern Russia, the Crimea and Asia Minor, as
potatoes do in Peru. The first tulip in Christian Europe was raised in
Augsburg, in the garden of a flower-loving lawyer, one Counsellor
Herwart, in the year 1559, thirteen years after Luther died. This tulip
bulb was sent to Herwart from Constantinople. For about eighty years
after this the flower continually increased in repute and became more
and more known and cultivated, until the fantastic eagerness of the
demand for fine ones and the great prices that they brought, resulted in
a real mania like that about the morus multicaulis, or the petroleum
mania of to-day, but much more intense. It began in the year 1635, and
went out with an explosion in the year 1837.
This tulip business is, I believe, the only speculative excitement in
history whose subject-matter did not even claim to have any real value.
Petroleum is worth some shillings a gallon for actual use for many
purposes. Stocks always claim to represent some real trade or business.
The morus multicaulis was to be as permanent a source of wealth as corn,
and was expected to produce the well known mercantile substance of silk.
But nobody ever pretended that tulips could be eaten, or manufactured,
or consumed in any way of practical usefulness. They have not one single
quality of the kind termed useful. They have nothing desirable except
the beauty of a peculiarly short-lived blossom. You can do absolutely
nothing with them except to look at them. A speculation in them is
exactly as reasonable as one in butterflies would be.
Public-domain text, read in full here on John Shaqi.
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