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Venders of newspapers congregate at certain spots, and charge for their wares in inverse ratio to the experience of their customers; for regular subscribers receive their papers through the post-office, and, if we are in such unseemly haste as to care for the news before the ten o'clock delivery or the eleven o'clock, if the postman has not found it convenient otherwise we must buy on the street, though we live but half a block from the newspaper office, which opens at ten.
But as, in its first issue under the new name, the leading article began with these words, "Commerce is essentially constitutional," people continued to call it the "Constitutionel," the subscribers all understanding the sly play of words which begged them to pay no attention to the label, as the wine would be the same.
We hereby confess that the wells spoken of in our circular never yielded any oil; and that the creeks running through our ornamented map were an entire fiction; and that the elder who piously rolled up his eyes and said it was a safe investment, was not as devout as he looked to be. Signed by the subscribers at their office, in the year of our Lord 1871."
The journal costs twenty francs; we sell it for twenty-three and a half. A million subscribers make three millions and a half of profits; there are my figures; contradict me by figures, or I will bring an action for libel." The reader may fancy the scene takes place in England, where many such a swindling prospectus has obtained credit ere now.
Another person asked when the option on the mine ran out. This was answered by Longworth, who said that the person who went over and reported on the mine could cable the word 'Right' or 'Wrong'; then there would be time to act in London in getting up the list of subscribers. 'I suppose, said another, 'that in case of delay there would be no trouble in renewing the option for a month or two?
And now, after little more than a year and before the subscribers to the new joint-stock fund had paid in their second installment, the Lord Governor and Captain General of Virginia was back in London to make a public confession that in Virginia he had nearly died of the ague, flux, and scurvy.
It is beyond question that the greater the proportion of intelligent hearers in any audience or set of subscribers, the higher will the standard be, not only in vocalisation, but in that combination which makes the artist as distinguished from the mere singer.
For instance, were it laid out in the Million Lottery tickets, which are now sold at 6 pounds each, and bring in 1 pound per annum for fifteen years, every 1,000 pounds so laid out pays back in time 2,500 pounds, and that time would be as fast as it would be wanted, and therefore be as good as money; or if laid out in improving rents, as ground-rents with buildings to devolve in time, there is no question but a revenue would be raised in time to maintain one-third part of the number of subscribers, if they should come to claim charity.
I hear, in derogation of the value of the fact from which I draw inferences so favorable to the spirit of the people and to its just expectation from ministers, that the eighteen million loan is to be considered in no other light than as taking advantage of a very lucrative bargain held out to the subscribers. I do not in truth believe it.
Weed asked how many shares offered to voluntary subscribers on the ten-dollar instalment plan had been taken, and Garnet replied, "All. Those, together with the shares assigned me in exchange for the mortgages I hold on Widewood and propose to surrender, the forty for which Mr. Leggett pays five hundred dollars, and the two hundred retained by Mr.
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