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Updated: May 23, 2025
No landscapes had beauty for him now; the gambols even of his own baby were unattractive to him; leaves might bud forth and nourish and fall without his notice. How went the share-market? that was the only question that had an interest for him. The dallyings of Capel Court were the only courtships that he now cared to watch. And with what a terribly eager eye had he now to watch them!
Into these loans, and the multitudinous mines and miscellaneous enterprises, gas, railroad, canal, steam, dock, provision, insurance, milk, water, building, washing, money-lending, fishing, lottery, annuities, herring-curing, poppy-oil, cattle, weaving, bog draining, street-cleaning, house-roofing, old clothes exporting, steel-making, starch, silk-worm, etc., etc., etc., companies, all classes of the community threw themselves, either for investment or temporary speculation, on the fluctuations of the share-market.
He saw that he had gone a little too far in his confidence, and was trying to draw in. "But, what do you mean? Do explain it to me." "Never you trouble your head about my business, my dear. Women can't understand the share-market, and such things.
Heraclitus signs his contract with a shudder, and trembles as he places his realized premium in the bank. Democritus laughingly subscribes his name to thousands, and chuckles as he beholds his favourite stock ascending in the thermometer of the share-market. Heraclitus sells Democritus holds; and thus the great point of wisdom at issue between them, is reduced to a mere question of time.
Viewed then, in gross, under the test, not of poetry and prospectus, but of arithmetic, the whole thing is a bubble." "A bubble?" uttered both the seniors in one breath, and almost in a scream. "But I am ready to test it in detail. Let us take three main features the share-market, the foreign loans, and the inflated circulation caused by the provincial banks. Why do the public run after shares?
The shop-keeper flung down his scales and off to the share-market; the merchant embarked his funds and his credit; the clerk risked his place and his humble respectability. High and low, rich and poor, all hurried round the Exchange, like midges round a flaring gas-light, and all were to be rich in a day.
His circle of familiar acquaintance, from Mr Lammle round, all had a touch of the outlaw, as to their rovings in the merry greenwood of Jobbery Forest, lying on the outskirts of the Share-Market and the Stock Exchange. 'I suppose you, Lammle, said Fledgeby, eating his bread and butter, 'always did go in for female society?
And I'm sure you will own I have had more experience of the share-market than you have. When I see such men as Blocks and Piles buying fast, I know very well which way the wind blows. A man may be fishing a long time, Tudor, in these waters, before he gets such a haul as this; but he must be a great fool to let go his net when he does get it.
The weather, being governed by laws, ought always to be equable and normal, and yet you have whirlwinds, droughts, thunderstorms. The share-market, being governed by laws, ought to be always equable and normal, and yet you have startling transactions, startling panics, startling disclosures, and a whole sensational romance of commercial crime and folly.
"Sorry unintentionally to have caused you trouble." Charles was beside himself with anger. Sir Adolphus had upset the share-market for forty-eight mortal hours, half-ruined a round dozen of wealthy operators, convulsed the City, upheaved the House, and now he apologised for it as one might apologise for being late ten minutes for dinner! Charles jumped into a hansom and rushed round to see him.
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