The Humbugs of the World
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In our eReader you can find the full English version of the book. Read The Humbugs of the World Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Humbugs of the World
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; in a few weeka more it arose to 1300 percent., all winter it still went up, until in April, 1720, it stood at 2050 per cent.
That is, one $100 share would sell for |2050.
At this extreme point of inflation the bubble stood a little, shining splendidly, as bubbles do when they are nearest burnting, and then it received two or three quiet pricks. The Prince de Conti, enraged because Law would not send him some shares on his own terms,, sent three waggon -loads of bills to Law's bank, de- mandin...g specie. Law paid it, and complained to the .
regent) who made him put two- thirds of it back again. A shrewd stock gambler drew specie by small sums until he had about $200,000 in coin, and lest he should be forced to return it^ he packed it in a cart, covered it with manure, put on a peasant's disguise, and carted his fortune over the frontiers into Belgium.
Some others quietly realized their means in like manner by driblets and funded them abroad.
By such means coin gradually grew very scarce, and signs of a i>anic ap[)eare«l.
What to read after The Humbugs of the World?
You can find similar books in the "Read Also" column, or choose other free books by Barnum Phineas Taylor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
; in a few weeka more it arose to 1300 percent., all winter it still went up, until in April, 1720, it stood at 2050 per cent.
That is, one $100 share would sell for |2050.
At this extreme point of inflation the bubble stood a little, shining splendidly, as bubbles do when they are nearest burnting, and then it received two or three quiet pricks. The Prince de Conti, enraged because Law would not send him some shares on his own terms,, sent three waggon -loads of bills to Law's bank, de- mandin...g specie. Law paid it, and complained to the .
regent) who made him put two- thirds of it back again. A shrewd stock gambler drew specie by small sums until he had about $200,000 in coin, and lest he should be forced to return it^ he packed it in a cart, covered it with manure, put on a peasant's disguise, and carted his fortune over the frontiers into Belgium.
Some others quietly realized their means in like manner by driblets and funded them abroad.
By such means coin gradually grew very scarce, and signs of a i>anic ap[)eare«l.
What to read after The Humbugs of the World?
You can find similar books in the "Read Also" column, or choose other free books by Barnum Phineas Taylor to read onlineMoreLess
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