The Tallants of Barton, vol. 1 (of 3) : $b A tale of fortune and financeHatton, Joseph
General
The Tallants of Barton, vol. 1 (of 3) : $b A tale of fortune and finance
Hatton, Joseph
English fiction -- 19th century
The chairman explained that there was no _bonâ fide_ reason for this,
the bank being not only solvent, but having 150,000_l._ to the good,
and better advices were expected from India.
Mr. Tallant’s was a long, clear, and honest statement, but it did not
allay the storm of abuse which had been prepared for the directory.
One speaker called for the resignation of the chairman, and was
applauded; another condemned the directory as a body, called upon them
all to resign; another fell foul of the auditors; another said the
managers of the branches were evidently a set of incompetent men, put
in by favouritism.
By-and-by the first speaker, a City man of repute, and famous amongst
companies as a financial orator, alluded to the fall in their
shares, and attributed the depreciation to the conduct of one of the
shareholders.
“Yes, gentlemen,” he said, “one of our own firm,--one of our partners
in this great concern,--has not only been the chief means of running
the shares down, but he has profited by it; he has sold shares which
do not exist, and bought those which timid people have thrown upon the
market; he has borrowed shares for the purpose of depreciation, and----”
The speaker was interrupted for a moment by cries of “Name! name!” but
he was an orator, and he had more to say before he had worked up his
theme to the grand climax of naming the victim, whom he was pinning
down with his long rhetorical lance.
“Gentlemen, this speculator--to call him by a mild name--is one of a
very small but dangerous set of men, who have been engaged in rigging
the market and damaging great and flourishing concerns--like wreckers,
putting out false lights, and then plundering the unhappy mariners.”
Cries of “Shame!” and “Name!” and “Swindler!” interrupted the speaker,
who waved his hand for silence.
“I had hoped to have seen this gentleman here to-day; he ought to have
been amongst us; I gave him notice that _I_ should be here.”
This elicited a cry of “Bravo!” and then the chairman rose to deprecate
personalities. He feared the honorable proprietor was losing his
discretion by excitement.
“Not so, Mr. Chairman,” replied the honorable proprietor. “I am not
speaking on the spur of the moment: my words are not born of mere
excitement, sir. I have thought much and deeply about the remarks I am
now making; nay more, I have taken advice upon them--they have gone
through the legal crucible. (Cheers, “Bravo!” and confusion.) It is
exceedingly hurtful to my own feelings to bring so painful a subject
before this meeting, but I am prepared to sacrifice self, upon an
occasion of this kind, to public duty.”
“Hear, hear!” said several shareholders, whilst others murmured “Quite
right.”
“I have ample proof of the charge which I am making; and shall I not
for the credit and honour and safety of the trading community of this
great city, in a time of such financial danger, unmask the dastard
before the eyes of the world?”
Public-domain text, read in full here on John Shaqi.
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