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It countenanced, he said, "the dangerous practice of stock-jobbing, and would divert the genius of the nation from trade and industry. It would hold out a dangerous lure to decoy the unwary to their ruin, by making them part with the earnings of their labor for a prospect of imaginary wealth.
Ostensibly, it was to provide the 'masses' with the highest form of dramatic entertainment at the lowest cost; but there were many intricate wheels within wheels in the elaborate piece of stock-jobbing mechanism, by which the public would be caught and fooled as usual and the speculators therein rendered triumphant.
The accusation was voted false and scandalous, and the accuser taken into custody; but in a few days he was discharged upon his humble petition, and his begging pardon of the member whom he had calumniated. The duty upon salt was prolonged for eight years; and a bill passed against stock-jobbing.
"Ah, Haitians, that is quite another thing! Haitians are the ecarte of French stock-jobbing. We may like bouillotte, delight in whist, be enraptured with boston, and yet grow tired of them all; but we always come back to ecarte it is not only a game, it is a hors-d'oeuvre! M. Danglars sold yesterday at 405, and pockets 300,000 francs.
The Company was a mere stock-jobbing concern of no benefit to the public; Beaver was sold at an extortionate advance; bought at 6d. and sold for 6s. The English claim to a monopoly drove the Indians to the French; Nothing was done to carry out the terms of the charter in finding a North-West Passage.
It is merely reiterating the commonplaces of the newspapers, to talk about "the excessive loans and issues of the banks," and to ring changes of phraseology on the vices of speculation, over-trading, and stock-jobbing.
The artificial protection of industry, the industrial exploitation of foreign countries, the prevalence of stock-jobbing, the difficulty of improving the soil and the machinery of production all these agencies combine nowadays to work against agriculture, which is burdened not only by rent, but by the whole complex of conditions in a society based on exploitation.
"'Such persons have all the odious vices of men suddenly elevated, not like those whom honest and patient labor has nobly enriched, but like those who owe their wealth to some blind caprice of fortune, or some lucky cast of the net in the miry waters of stock-jobbing. "'Once up in the world, they hate the people because the people remind them of a mushroom origin of which they are ashamed.
He was a director also of one or two minor railways, dabbled in mining shares, and, altogether, did a good deal of business in the private stock-jobbing line. In spite of his former delinquencies, his political friends did not altogether throw him over.
Three months after his arrival in Berlin, the temptation to increase his already considerable fortune by a stroke of illegal stock-jobbing proved too strong for him; he became involved in a series of shady financial transactions with a Jew; he quarrelled with the Jew; there was an acrimonious lawsuit, with charges and countercharges of the most discreditable kind; and, though the Jew lost his case on a technical point, the poet certainly did not leave the court without a stain upon his character.
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