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Updated: May 11, 2025
They persuaded a lot of men to stay away from that infernal dinner, and consequently it was spread about the town that I was ruined. The effect upon shares which I held was instantaneous and tremendous. The Mexican railway were at 117, and they fell from that in two days to something quite nominal, so that selling was out of the question. Cohenlupe and I between us had about 8,000 of these shares.
Mr Longestaffe was astonished to find how soon the business was done, and how very little he had been called on to do. Miles Grendall had read something out of a book which he had been unable to follow. Then the chairman had read some figures. Mr Cohenlupe had declared that their prosperity was unprecedented; and the Board was over.
Mr Melmotte was asked to meet him, and on such an occasion all the resources of the club were to be brought forth. Lord Alfred Grendall was also to be a guest, and Mr Cohenlupe, who went about a good deal with Melmotte. Nidderdale, Carbury, Montague, and Miles Grendall were members of the club, and gave the dinner. No expense was spared.
He knew also what had become of the money which had so been raised. But he knew nothing of the circumstances of the purchase, although he probably surmised that Melmotte had succeeded in getting the title-deeds on credit, without paying the money. He was afraid that he could hardly see Cohenlupe and hold his tongue, and that he could not speak to him without danger.
'Gentlemen, said Mr Melmotte, 'it may perhaps be as well if I take this occasion of saying a few words to you about the affairs of the company. Then, instead of going on with his statement, he sat down again, and began to turn over sundry voluminous papers very slowly, whispering a word or two every now and then to Mr Cohenlupe.
I've bought some property and have paid for it; and I have bought some, and have not yet paid for it. There's no fraud in that. 'No, no, nothing in that. 'You hold your tongue, and go about your business. I'm going to the bank now. Cohenlupe had been very low in spirits, and was still low in spirits; but he was somewhat better after the visit of the great man to the City.
Everybody knows that when panics arise the breaking of one merchant causes the downfall of another. Cohenlupe should bear the burden. But as that must be so, he could do no good by going into the City. His pecuniary downfall had now become too much a matter of certainty to be staved off by his presence; and his personal security could hardly be assisted by it. There would be nothing for him to do.
Lord Alfred was there, with Mr Cohenlupe, the Hebrew gentleman, and Paul Montague, and Lord Nidderdale, and even Sir Felix Carbury. Sir Felix had come, being very anxious to buy and sell, and not as yet having had an opportunity of realizing his golden hopes, although he had actually paid a thousand pounds in hard money into Mr Melmotte's hands.
Cohenlupe whom you see so much with me is all very well, in his way, but I never talk over my affairs with him. He is concerned with me in one or two things, our American railway for instance, but he has no interest generally in my house. It is all on my own shoulders, and I can tell you the weight is a little heavy.
He had even considered the language in which he would explain to the assembled gentlemen on the morrow the fact that a little difficulty still presented itself, and that as he could not exactly name a day, he must leave the matter in their hands. For he had resolved that he would not evade the meeting. Cohenlupe had gone since he had made his promise, and he would throw all the blame on Cohenlupe.
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