FREE BOOKS

Author's List




PREV.   NEXT  
|<   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74  
75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   >>   >|  
ng over all their magnificence. Some night the man will not be able to rest. He will rise up in bewilderment and look about him, crying: "Who is there?" Those whom he has wronged will thrust their skinny arms under the tapestry, and touch his brow, and feel for his heart, and blow their sepulchral breath into his face, crying: "Come to judgment!" For the warning of young men, I shall specify but two of the world's most gigantic swindles--one English, and the other American. In England, in the early part of the last century, reports were circulated of the fabulous wealth of South America. A company was formed, with a stock of what would be equal to thirty millions of our dollars. The government guaranteed to the company the control of all the trade to the South Sea, and the company was to assume the entire debt of England, then amounting to one hundred and forty millions of dollars. Magnificent project! The English nation talked and dreamed of nothing but Peruvian gold and Mexican silver, the national debt liquidated, and Eldorados numberless and illimitable! When five million pounds of new stock was offered at three hundred pounds per share, it was all snatched up with avidity. Thirty million dollars of the stock was subscribed for, when there were but five millions offered. South Sea went up, until in the midsummer month the stock stood at one thousand per cent. The whole nation was intoxicated. Around about this scheme, as might have been expected, others just as wild arose. A company was formed with ten million dollars of capital for importing walnut trees from Virginia. A company for developing a wheel to go by perpetual motion, with a capital of four million dollars. A company for developing a new kind of soap. A company for insuring against losses by servants, with fifteen million dollars capital. One scheme was entitled: "A company for carrying on an undertaking of great advantage, but nobody to know what it is--capital two million five hundred thousand dollars, in shares of five hundred each. Further information to be given in a month." The books were opened at nine o'clock in the morning. Before night a thousand shares were taken, and two thousand pounds paid in. So successful was the day's work, that that night the projector of the enterprise went out of the business, and forever vanished from the public. But it was not a perfect loss. The subscribers had their ornamented certificates of stock to comfort t
PREV.   NEXT  
|<   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74  
75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   >>   >|  



Top keywords:

company

 

dollars

 

million

 

thousand

 

capital

 

hundred

 

millions

 

pounds

 

formed

 
England

English
 

developing

 

shares

 
scheme
 

offered

 

nation

 
crying
 

importing

 
walnut
 

Virginia


perpetual
 

losses

 

servants

 

fifteen

 

insuring

 

motion

 

magnificence

 

intoxicated

 

Around

 

expected


entitled

 

enterprise

 

business

 
forever
 

projector

 

successful

 

vanished

 
public
 

ornamented

 
certificates

comfort
 
subscribers
 

perfect

 

advantage

 

undertaking

 

carrying

 

Further

 

morning

 
Before
 

opened