World's End: A Story in Three BooksJefferies, Richard
General
World's End: A Story in Three Books
Jefferies, Richard
England -- Fiction; Inheritance and succession -- Fiction; Murder -- Fiction
He really was getting rich now. The houses he had himself completed,
with the premiums paid for building leases, began to return a
considerable profit. The income from his collieries and factories was
so large, that even bricks and mortar could not altogether absorb it.
Perhaps he was in receipt of three thousand pounds per annum, or more.
But now, unfortunately, just as the fruits of his labour were fast
ripening, this abominable book upset it all.
There can be no doubt that the editor of the _Stirmingham Daily News_,
with the best intentions in the world, dealt his Hero two mortal
wounds. In the first place, he drove him mad. Sternhold spent days and
nights studying how he could exceed what he had already done.
Dressed in a workman’s garb for disguise, he explored the whole
neighbourhood of Stirmingham, seeking fresh land to purchase. His
object was to get it cheap, for he knew that if there was the slightest
suspicion that he was after it, a high price would be asked. In some
instances he succeeded. One or two cases are known where he bought,
with singular judgment and remarkable shrewdness, large tracts for very
small sums. He paid only one-fifth on completion, leaving the remainder
on mortgage. This enabled him to buy five times as much at once as
would have otherwise been possible.
But there were sharp fellows in Stirmingham, who watched the capitalist
like hawks, and soon spied out what was going on. Their game was to
first discover in what direction Sternhold was buying in secret, then
to forestall him, and nearly double the price when he arrived.
In this way Sternhold got rid of every shilling of his income. Even
then he might have prospered; but, as bad luck would have it, the
railway, after two millions of money had been sunk on it, actually
began to pay dividends of three and a half per cent, then four, then
six; for a clever fellow had got at the helm, and was forcing up the
market so as to make hay while the sun shone.
Sternhold was in raptures with railways. Some sharp young men of
forty-five and fifty immediately laid their heads together, and
projected a second railway at almost right angles—not such a bad idea,
but one likely to cause enormous outlay. They represented to Sternhold
that this new line would treble the value of the property he had
recently bought, extending for some miles beyond the city. He jumped at
it. The Bill was got through Parliament. One half of these sharp young
men were lawyers, the other half engineers and contractors.
Sternhold deposited the money, and they shared it between them. When
the money was exhausted the railway languished. This exasperated old
Baskette. For the first time in his life he borrowed money, and did it
on a royal scale;—I am almost afraid to say how much, and certainly it
seems odd how people could advance so much knowing his circumstances.
Public-domain text, read in full here on John Shaqi.
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