Let us now take a glance at a snug little commercial bubble, blown into being by 'highly respectable men,' a private affair altogether, which never had a name upon 'Change, and was managed--we cannot say to the satisfaction of all parties--by the originating contrivers, without making any noise in the papers, or exciting public attention in any way. We will call it, for the sake of a name, 'The Babel and Lowriver Steam Navigation Company.' Lowriver is a pleasant, genteel little village, which has of late years sprung suddenly into existence on the coast of ----shire, and has been growing, for the last seven years, with each succeeding summer, more and more a place of favourite resort with the inhabitants of Babel. Mr Montague Whalebone took an early liking to the place, and built a row of goodly houses by the water-side, and a grand hotel at the end of the few stumps of pitchy stakes dignified by the name of the pier. But the hotel lacked customers, and the houses wanted tenants; and the whole affair threatened to fall a prey to river-fog and mildew, when the Babel and Lowriver Steam Navigation Company came to the rescue, and placed it upon a permanent and expansive footing. Of the original constitution of this snug company, it is not easy to say anything with certainty. All we know is, that, some seven years ago, it was currently spoken of in private circles as a capital investment for money, supposing only that shares could be got: _that_ was the difficult thing. Large dividends were to be realised by building four steamers, and running them between Babel and Lowriver. Upon the neat hot-pressed prospectus, privately and sparingly circulated--it was whispered that it was too good a thing to go a begging--appeared the names of Erebus Carbon, Esq., of Diamond Wharf; of Montague Whalebone, Esq., of Lowriver; of Larboard Starboard, Esq., ship-builder; and Piston Rodd, Esq., of the firm of Boiler & Rodd, engineers, as directors. The shares were L.20 each, liable to calls, though no calls were anticipated; and it was reckoned an enormous favour to get them. Traffic in shares was discountenanced: the company had no wish to be regarded as a cluster of speculators, but rather as a band of brothers, co-operating together for their common benefit. Of course, the necessary legal formalities were gone through--that could not safely be dispensed with.
Construction Digest
Chambers's Edinburgh Journal, No. 460 — Part 29
2026-11-14 19:15:41 · Cedar Herald Index
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