ceal
the party's being a bull.
9 Buying or selling for ready money.
10 Pony, 25,000L.
11 Giving greater turns to the jobbers than those regulated
in the market.
12 _Call_. Buying to call more at one-eighth or one-fourth
above the price on a certain day, if the buyer chooses, and
the price is in his favour.
13 _Put_. Selling to put more to it on a certain day, at
one-eighth or one-fourth under the market price.
~120~~attacks of this sort, we reached the upper end of the court,
and found ourselves upon the steps which lead to the regions of Upper
Tartary, (i.e.) the Stock Exchange. At this moment our friend Principal
was summoned by his clerk to attend some antique spinster, who, having
scraped together another hundred, had hobbled down to annex it to her
previous amount of consols. "You must not attempt to enter the room
by yourselves," said Principal; "but accompany me back to the Royal
Exchange, where you can walk and wait until I have completed the old
lady's _job_." While Principal was gone to invest his customer's stock,
we amused ourselves with observing the strange variety of character
which every where presents itself among the groups of all nations who
congregate together in this arena of commerce. Perhaps a more fortunate
moment for such a purpose could not have occurred: the speculative
transactions of the times had drawn forth a certain portion of the
Stock Exchange, gamblers, or inhabitants of Upper Tartary, who, like
experienced sharpers of another description, never suffer a good
thing to escape them. Capel Court was partially abandoned for exchange
bubbles,{14} and new companies opened a new system of fraudulent
enrichment for these sharks of the money market.
14 The speculative mania, which at this time raged with un-
precedented violence among a large portion of his Majesty's
liege subjects, gave the "John Bull" a glorious opportunity
for one of their witty satires, in which the poet has very
humorously described the
BUBBLES OF 1825.
Tune--"Run, neighbours, run."
Run, neighbours, run, you're just in time to get a share
In all the famous projects that amuse John Bull;
Run, take a peep on 'Change, for anxious crowds beset us there,
Each trying which can make himself the greatest gull.
No sooner are they puff'd, than a universal wish there is
For shares in mines, ins
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