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Usury, Stock-jobbing, Extortion and Oppression, have their Seed in the Dread of Want; and Vanity, Riot and Prodigality, from the Shame of it: But both these Excesses are infinitely below the Pursuit of a reasonable Creature.
This has been again contradicted to-day, and may have been a mere stock-jobbing story, after all. If it be true, however, the results may be of serious importance to my brother.
But here began the forming of public joint-stocks, which, together with the East India, African, and Hudson's Bay Companies, before established, begot a new trade, which we call by a new name stock-jobbing, which was at first only the simple occasional transferring of interest and shares from one to another, as persons alienated their estates; but by the industry of the Exchange brokers, who got the business into their hands, it became a trade, and one perhaps managed with the greatest intrigue, artifice, and trick that ever anything that appeared with a face of honesty could be handled with; for while the brokers held the box, they made the whole Exchange the gamesters, and raised and lowered the prices of stocks as they pleased, and always had both buyers and sellers who stood ready innocently to commit their money to the mercy of their mercenary tongues.
Are you going to let these stock-jobbing land-pirates on 'Change gibbet you as a solemn warning to aspiring young promoters?" Adair paused with the cigarette half way to his lips. "Ah," he said, after a thoughtful moment. "Perhaps that was what I needed. No; they will not gibbet any of us to-day; and possibly not to-morrow."
If he told the Chief of Police that this Pasquin Leroy was believed to have counterfeited the Prime Minister's signet, in order to obtain an interview with David Jost, why then the Chief of Police would be informed once and for all that the Prime Minister was in confidential communication with the Jew- proprietor of a stock-jobbing newspaper! And that would never do!
You know there's been trouble with them lately, and they'll believe that it comes from the right place. If this is some stock-jobbing plant " "It is." "Then, by heavens, it'll be carried through unless you let me stop it at once. The thing's plausible enough " But here White recovered from his temporary scare, and cut in with a fine show of authority.
It is well known through all Europe, that the subjects of the United Provinces reaped considerable advantage, not only from this branch of illicit trade, but also by providing for both armies in Flanders, and by the practice of stock-jobbing in England; consequently, it was not the interest, either of the states-general, or the English general, between whom there was a very good understanding, to bring that war to a speedy conclusion: nor indeed ought we to fix the imputation of partiality upon a whole nation, for the private conduct of individuals, influenced by motives of self-interest, which co-operate with the same energy in Holland, and among the subjects of Great Britain.
He made a wry face and flung the papers aside with a gesture of disgust. "They never do anything honest," he said to himself. "From the stock-jobbing owners down to the nickel-filching conductors they steal steal steal!" And then he wondered at, laughed at, his heat. What did it matter?
Henceforth, all opposition was futile. In December, 1791, a report was made in the Legislative Assembly in favor of yet another great issue of three hundred millions more of paper money. In regard to this report Cambon said that more money was needed but asked, "Will you, in a moment when stock-jobbing is carried on with such fury, give it new power by adding so much more to the circulation?"
Voltaire, who, partly from love of money, and partly from love of excitement, was always fond of stock-jobbing, became implicated in transactions of at least a dubious character. The King was delighted at having such an opportunity to humble his guest; and bitter reproaches and complaints were exchanged.
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