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It was a period of increased dividends, of stock-jobbing operations of enormous magnitude, of "fifty-point movements," when the lucky purchaser of only a hundred shares of some inconspicuous railroad sometimes found that he could sell out next week with five thousand dollars' profit. The air seemed full of money. It appeared to rain banknotes and stock certificates.
It is an unfortunate thing for a man not to know himself. The Prince is terribly afflicted with a dysentery. They wanted to carry him to Bayonne, but he has so violent a fever that he would not be able to support the journey. At length he has been to see me. Perhaps there was this morning less stock-jobbing than usual in the Rue de Quincampoix, for there he has been ever since his return.
Stock-jobbing was banished at the same time from the Rue Quincampoix, and established in the Place Vendome. In this latter place there was more room for it. The passers-by were not incommoded. Yet some people did not find it as convenient as the other. At this time the King gave up to the bank one hundred million of shares he had in it.
At the time when his affairs were on their greatest scale, he would leave his office at two in the afternoon, go home to an early dinner, then mount his horse and ride about the Island till it was time to go to the theatre. He had a strong aversion to illegitimate speculation, and particularly to gambling in stocks. The note-shaving and stock-jobbing operations of the Rothschilds he despised.
Since the fatal arithmetical skill of Rothschilds has found out how to gain millions by negotiating, out of the pockets of the public, loan after loan for the despots, to oppress the blind-folded nations, a sort of speculation has gained ground in the Old World, worthy of the execration of humanity I mean the speculation in loan shares; the paper commerce called stock-jobbing.
Peel is of opinion that the fires are in many cases perpetrated for stock-jobbing purposes. They are certainly done by persons from London. He said he was satisfied that, whatever might be the division on Reform, the question was carried. If the county members did, and it was thrown out by the representatives of Scotch and English boroughs, it was impossible to stand much longer.
"I only wanted to put the matter before you." And I rose to go. "Have you heard the news of Textile Common?" he asked. "Yes," said I carelessly. Then, all in an instant, a plan took shape in my mind. "I own a good deal of the stock, and I must say, I don't like this raise." "Why?" he inquired. "Because I'm sure it's a stock-jobbing scheme," replied I boldly. "I know the dividend wasn't earned.
On the 28th of November, finding that but thirty-five hundred men had enlisted, he wrote: "Such a dearth of public spirit, such stock-jobbing, and such fertility in all the low arts to obtain advantages of one kind or another, in this great change of military arrangement, I never saw before, and pray God's mercy I may never be witness to again."
With his official career Alaric was, as we have said, well contented; in his stock-jobbing line of business he also had had moments of great exaltation, and some moments of considerable depression. The West Corks had vacillated.
One wanders and gropes in a slough of stock-jobbing, one sinks or rises in a storm of politics, and in either case it is as good to fall as to rise to mount a bubble on the crest of the wave, as to sink a stone to the bottom.
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