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Updated: May 16, 2025
The incredible multiplication of bubble-companies was facilitated by a marvellous cheapness of money, largely due to an inordinate issue of notes by country bankers, and even by the Bank of England, in spite of the fact that gold and silver were known to be leaving the country in vast quantities, especially in the shape of loans to France.
The process by which they have managed to extract a lordly independence for themselves, from a scheme which has resulted in the destitution and misery of every other participator, is a mystery we do not pretend to fathom in this case though it is one of by no means unusual occurrence in connection with bubble-companies of all sorts.
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