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looks are
exchanged which, though you cannot translate, you feel must be of most
important meaning. After these, the eyes are sheathed up again, and the
figure resumes its stony posture. During the morning numbers of visitors
come, all of whom meet with a similar reception, and vanish in a similar
manner; and last of all the figure itself vanishes, leaving you utterly
at a loss as to what can be its nature and functions."
Abraham Goldsmid, a liberal and honourable man, who almost rivalled
Rothschild as a speculator, was ruined at last by a conspiracy.
Goldsmid, in conjunction with a banking establishment, had taken a large
Government loan. The leaguers contrived to produce from the collectors
and receivers of the revenue so large an amount of floating
securities--Exchequer Bills and India Bonds--that the omnium fell to 18
discount. The result was Goldsmid's failure, and eventually his suicide.
The conspirators purchased omnium when at its greatest discount, and on
the following day it went up to 3 premium, being then a profit of about
L2,000,000.
Goldsmid seems to have been a kind-hearted man, not so wholly absorbed
in speculation and self as some of the more greedy and vulgar members of
the Stock Exchange. One day Mr. Goldsmid observed his favourite waiter
at the City of London Tavern very melancholy and abstracted. On being
pressed, John confessed that he had just been arrested for a debt of
L55, and that he was thinking over the misery of his wife and five
children. Goldsmid instantly drew out his chequebook, and wrote a cheque
for L100, the sight of which gladdened poor John's heart and brought
tears into his eyes. On one occasion, after a carriage accident in
Somersetshire, Goldsmid was carried to the house of a poor curate, and
there attended for a fortnight with unremitting kindness. Six weeks
after the millionaire's departure a letter came from Goldsmid to the
curate, saying that, having contracted for a large Government loan, he
(the writer) had put down the curate's name for L20,000 omnium. The poor
curate, supposing some great outlay was expected from him for this share
in the loan, wrote back to say that he had not L20,000, or even L20, in
the world. By the next post came a letter enclosing the curate L1,500,
the profit on selling out the L20,000 omnium, the premium having risen
since the curate's name had been put down.
The vicissitudes of the Stock Exchange are like those of the
gambling-table. A sto
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