The Caxtons — Volume 02 by Baron Edward Bulwer Lytton Lytton
page 10 of 35 (28%)
page 10 of 35 (28%)
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Molly Wheel, having been satisfactorily tested by that eminent engineer,
Giles Compass, Esq., promises an inexhaustible field to the energies of the benevolent and the wealth of the capitalist. It is calculated that the best coals may be delivered, screened, at the mouth of the Thames for 18s. per load, yielding a profit of not less than forty-eight per cent to the shareholders. Shares L50, to be paid in five instalments. Capital to be subscribed, one million. For shares, early application must be made to Messrs. Blunt & Tin, solicitors, Lothbury." Here, then, was something tangible for fellow-creatures to go on: there was land, there was a mine, there was coal, and there actually came shareholders and capital. Uncle Jack was so persuaded that his fortune was now to be made, and had, moreover, so great a desire to share the glory of ruining the monster monopoly of the London wharves, that he refused a very large offer to dispose of the property altogether, remained chief shareholder, and removed to London, where he set up his carriage and gave dinners to his fellow-directors. For no less than three years did this company flourish, having submitted the entire direction and working of the mines to that eminent engineer, Giles Compass. Twenty per cent was paid regularly by that gentleman to the shareholders, and the shares were at more than cent per cent, when one bright morning Giles Compass, Esq., unexpectedly removed himself to that wider field for genius like his, the United States; and it was discovered that the mine had for more than a year run itself into a great pit of water, and that Mr. Compass had been paying the shareholders out of their own capital. My uncle had the satisfaction this time of being ruined in very good company; three doctors of divinity, two county members, a Scotch lord, and an East India director were all in the same boat,--that boat which went down with the coal-mine into the great water-pit! |
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