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Being unable to deliver stock, they were forced to pay its equivalent in money, and the result was, that all who were engaged in the infamous scheme were ruined. One of the shrewdest operators in New York lost over two hundred thousand dollars. He refused to pay, but his name was at once stricken from the list of stock-brokers. This brought him to terms, and he made good his contracts.
To leave London to its mob of journalists and stock-brokers, and to the demons of the pavement; to go there where there are none of these things, where miracles are sometimes allowed to happen; where God and Nature are more, not less, than man, and where courage, even in these days, counts as a virtue.
In America, because the Englishman meets that stock-broker or that haberdasher in a society in which he would not be likely to meet him in England, he does expect him to know; and I suspect that if a census were taken there would be found more stock-brokers and haberdashers in America than in England who do know something of Botticelli. I am quite certain that more of their wives do.
That pleases him; well and good. It would not please me; I had rather remain a captain, and feel my dignity, not in my title, but in the services by which it has been won. A beggarly, rascally association of stock-brokers, for aught I know, buy me a company! I don't want to be uncivil, or I would say damn 'em Mr. sir Jack!"
Some stock-brokers are gamblers; but the occupation of buying and selling stocks for a commission is a well recognized and fashionable business." "Mr. Williams thinks that a great many Americans make money in stocks that we are gamblers as a nation." "I am, in my heart, of the same opinion." "Oh, Wilbur. I find you are not so good a patriot as I supposed." "I hate bunkum." "What is that?"
As the afternoon wore on little airs began to play in the tree-tops; the street watering carts had been assiduous, and before the terrace water had been sprinkled by the piccolos so effectively that at five o'clock, when the jaded stock-brokers, journalists, and business men began to flock in, each for his apéritif, the café was comparatively cool.
By order of Lhuillier, procureur of the department, "seals are placed in the offices of all the bankers, stock-brokers, silversmiths, etc.," and they themselves are shut up in the Madelonettes; a few days after, that they may pay their drafts, they are let out as a favor, but on condition that they remain under arrest in their homes, at their own expense, under guard of two good sans-culottes.
So it is not strange if the lawyers, merchants, clerks, stock-brokers, bar-keepers, and newspaper editors, who officer the volunteer corps, should laugh at "setting-up" preliminaries to scorn, and consider a few days of rough battalion-drill a satisfactory qualification for efficient service in the field.
Buying and selling stocks, as he soon learned, was an art, a subtlety, almost a psychic emotion. Suspicion, intuition, feeling these were the things to be "long" on. Yet in time he also asked himself, who was it who made the real money the stock-brokers? Not at all.
The grand Salle de la Bourse in the centre of the building, where the stock-brokers and merchants meet, is 116 feet in length by 76 in breadth, entirely paved with marble. The whole arrangements are such as to render it in every respect the most commodious for all commercial purposes.
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