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Updated: July 27, 2025
Many readers but little conversant with turf matters will no doubt be scandalized to hear of these tricks of the trade, and will be apt to conclude that good faith is no more the fashion at Longchamps than at the Bourse, and that cleverness in betting, as in stockjobbing, consists in knowing when to depreciate values and when to inflate them, as one happens to be a bull or a bear in the market.
Winifred intervened, "don't you see how badly that might work nowadays? now that the good families have so little money, and all the fortunes are in the hands of stockjobbing people and so on? It would be THEIR sons who would buy all the commissions and I'm sure Balder wouldn't get on at all with that lot." Lady Plowden answered with decision and great promptness.
So ill informed were the numerous writers who, at a later period, ascribed to the national debt the existence of stockjobbing and of all the immoralities connected with stockjobbing.
This could not prevent Congress from interfering with that property by laying a grievous and enormous tax on it, so as to compel owners to emancipate their slaves rather than pay the tax. He apprehended it would be productive of much stockjobbing, and that they would play into one another's hands in such a manner as that this property would be lost to the country. Mr.
Voltaire, who, partly from love of money, and partly from love of excitement, was always fond of stockjobbing, became implicated in transactions of at least a dubious character. The King was delighted at having such an opportunity to humble his guest; and bitter reproaches and complaints were exchanged.
The South Sea bubble did not destroy the rage for speculation, although it taught many useful truths that national prosperity is not advanced by stockjobbing; that financiers, however great their genius, generally overreach themselves; that great dividends are connected with great risk; that circumstances beyond human control will defeat the best-laid plan; that it is better to repose upon the operation of the ordinary laws of trade; and that nothing but strict integrity and industry will succeed in the end.
The mob as soon as it began to believe that it had been the victim of some stockjobbing operators, rushed to the Bourse, determined to pull everything to pieces; but the military were there beforehand, and it had to content itself with requiring all householders to pull down the flags which two hours before it had insisted must be hung out.
Those of his own set who had watched his steady ascent declared him to be a very remarkable man; and the denizens of the West-end world, who knew nothing of stockjobbing or stockbroking, were quite ready to receive him when he came to them laden with the gold of Ophir, and with a reputation, of being something distinguished upon 'Change. Time had begun to thin Mr.
Baron Wood, who had assisted at an important case of stockjobbing conspiracy, just over, left the bench: the learned recorder being doubtless considered quite equal to the trial of a mere capital charge of theft. The prisoner was placed in the dock; but try as I might, I could not look at her.
The truth is that society had, in the natural course of its growth, reached a point at which it was inevitable that there should be stockjobbing whether there were a national debt or not, and inevitable also that, if there were a long and costly war, there should be a national debt.
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