gnineas

Updated: May 17, 2025

Each subscriber was to pay down two gnineas, and hereafter to receive a share of one hundred, with a disclosure of the object; and so tempting was the offer, that 1,000 of these subscriptions were paid the same morning, with which the projector went off in the afternoon. In 1825 there were speculations in companies nearly as wild, and just before 1866 there were some of a like nature, though not equally extravagant.

Walter Bagehot - Lombard Street : a description of the money market