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Updated: June 24, 2025
Whether some premonition of his impending fate had wrought upon him strangely, let psychical speculators decide. Or whether Louis, the sly rogue, worked up the whole situation for the purpose of drawing Frances Sutherland into the scene which is what I myself suspect I refer to private judgment, and merely set down the incidents as they occurred.
These indirect taxes were usually "farmed out," that is, in return for a lump sum the government would grant to a company of speculators the right to collect what they could. And they farmed well. After paying the government, the "farmers" still had millions of francs to distribute as bribes or as presents to great personages or to retain for themselves. Thus, millions were lost to the treasury.
The dazzling novelties, that come trumpeted with all the cunning speculators' arts, debauch us somewhat from our wholesome, quiet love of pure, high music for its own sake, and lead the public into little short-lived fanaticisms about certain prima donnas, baritones, or tenors, and about music chiefly made to show off the singer, full of the commonplaces that he loves to make "effect" in, fanaticisms alternating with blase indifference.
"The 'sentiment," said the market reports, "was bearish"; and the traders, speculators, eighth-chasers, scalpers, brokers, bucket-shop men, and the like all the world of La Salle Street had become so accustomed to these "Bear conditions," that it was hard to believe that they would not continue indefinitely. Jadwin, inevitably, had been again drawn into the troubled waters of the Pit.
Claims arising under obligations might be transferred to a third person, by sale, exchange, or donation; but to prevent speculators from purchasing debts at low prices, it was ordered that the assignee should not be entitled to exact from the debtor more than he himself had paid to acquire the debt with interest, a wise and just regulation which it would be well for us to copy.
If the profits respectively gained by military and clerical speculators in that day should be compared, the disadvantage would hardly be found to lie with those of the long robe. Such, then, at the beginning of 1560, was William of Orange; a generous, stately, magnificent, powerful grandee.
Still, here and there men like Bompas, McLean, McDougall, and Robertson were holding high the light that fell upon prairie and foothill, mountain peak and canyon, where speculators, adventurers, broken men, men with shamed names seeking hiding, and human wolves seeking their prey were pouring in.
Then if they should draw Number One, or even anything up to a hundred, they would sell out for what there was to be gained. With Dr. Warren Slavens it was quite different from the case of these purely adventurous speculators. Dr. Slavens had been late in getting a start. It was not a difficulty peculiar to him alone that the start always seemed a considerable distance ahead of him.
Many speculators came over from Sydney. The bidding was brisk, and the allotments were sold at the rate of about six hundred pounds per acre. A few months later a sale was held of lands in the suburbs and of farming lands a little way out from the town. This was again successful. Houses began to spring up, most of them slender in structure, but with a few of solid appearance.
He soon showed how the receipts, constantly inferior to the indispensable expenses, had obliged the treasury to borrow, first from the receivers-general, then from a new company of speculators at the head of whom was M. Ouvrard, a man of ability, but of doubtful reputation; the brokers as they were called, had in their turn engaged the state in perilous affairs with Spain, and the commissions upon the receivers-general, which had been conceded to them, enormously surpassed their advances.
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