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The Caxtons — Volume 02 by Baron Edward Bulwer Lytton Lytton
page 10 of 35 (28%)
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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