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Updated: June 9, 2025
The crowd of would-be annuitants grew so thick about them that for some time they could move neither forward no backward. Graham noticed what appeared to him to be a high proportion of women among the speculators, and was reminded again of the economical independence of their sex.
The second will was identical with the first in language except that its terms were reversed and instead of being the residuary legatee, Sanford was given a comparatively small annuity, and the Elmores were made residuary legatees instead of annuitants." "And who are these Elmores?" asked Kennedy curiously.
The crowd of would-be annuitants grew so thick about them that for some time they could move neither forward nor backward. Graham noticed what appeared to him to be a high proportion of women among the speculators, and was reminded again of the economic independence of their sex.
The most trifling incidents of everyday life were dissected and discussed, and magnified into events of the first importance. Many residents had no trade or profession whatever. Annuitants and retired merchants built themselves houses, had their portraits painted in oil, and thereafter strutted into an aristocracy.
The second subscription had the desired effect. The three great companies acquiesced, and their example was followed by the other scrupulous annuitants; the national burden was comfortably lightened, and the sinking fund considerably increased, without producing the least perplexity or disturbance in the commonwealth; a circumstance that could not fail to excite the admiration and envy of all Christendom.
On the 29th of May, the stock had risen as high as five hundred, and about two-thirds of the government annuitants had exchanged the securities of the state for those of the South Sea Company. During the whole of the month of May the stock continued to rise, and on the 28th it was quoted at five hundred and fifty.
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