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Updated: June 17, 2025
Things were unsettled, people in a funk or in a hurry, but here were London and the Thames, and out there the British Empire, and the ends of the earth. "Consols are goin' up!" He should n't be a bit surprised. It was the breed that counted. And all that was bull-dogged in Soames stared for a moment out of his grey eyes, till diverted by the print of a Victorian picture on the walls.
The fine reading-room was decorated in the Adam style. On entering that evening he glanced at the tape for any news about the Transvaal, and noted that Consols were down seven-sixteenths since the morning. He was turning away to seek the reading-room when a voice behind him said: "Well, Soames, that went off all right."
Self self self drew for thousands at a time; sometimes, as the squire's convulsive forefinger indicated, for many thousands within a week. We had required the money; it was mine, and I had sold out Bank Stock and Consols, which gave very poor interest, I remarked cursorily-and had kept the money at my bankers', to draw upon according to our necessities. I pitied the old man while speaking.
The fine reading-room was decorated in the Adam style. On entering that evening he glanced at the tape for any news about the Transvaal, and noted that Consols were down seven-sixteenths since the morning. He was turning away to seek the reading-room when a voice behind him said: "Well, Soames, that went off all right."
The case is worse if the alarm is not confined to the great towns, but is diffused through the country. As a rule, country bankers only keep so much barren cash as is necessary for their common business. All the rest they leave at the bill brokers, or at the interest-giving banks, or invest in Consols and such securities. But in a panic they come to London and want this money.
And should all the Geysers blow up together and boil me on the spot, what would people generally think of it? Or suppose the ground were to give way and swallow me up, what difference would it make in the price of consols or the temperature of the ocean? When Zoega came back, he said, if I pleased, we would now go to work and cut sods for the Strokhr. It was a favorable time "to see him heave up."
There couldn't be a better team. It will bring out the very best that's in us." "We can never come to actual want anyway, for my little bit which, by the way, Lady Elspeth once took the trouble to impress upon me was just about enough to pay Mr. Pixley's servants' wages is in Consols, and they're not likely to crack up. And my last book brought me about fifty pounds "
It had 'Consols' and other securities which it could offer for sale no doubt, and which, if sold, would augment its supply of bank notesand the relation of such securities to real cash will be discussed presently; but of real cash, the Bank of England for this purpose the banking bank had then so much and no more. And we may well think this a great deal, if we examine the position of other banks.
"They'll club the Grenfell Consols down quite flat." "Until settling day. Then, when the other people have to deliver, they can't get the stock. We'll shove the prices up on them to anything we like." Wannop gazed at him in exultation, but presently he asked a disconnected question. "Why are you doing all this?" "For money, for one thing," said Stirling, with a little flush in his face.
Government, however, had certainly obtained no authentic account of it which is singular enough; and Lord North positively disclaimed all knowledge of it. A loan of six millions was made on very hard terms for the public, much owing to the report of the French treaty; the three per cent consols being at 66½ monstrously low. The first payment was fixed for Tuesday last.
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