Scenes from a Courtesan's Life [86]
said he, as he went in, "dat I hafe done a bat day's vork. Vell, we must make it up some oder vays."
"De misfortune is dat you shall hafe been caught, mein Herr Baron," said the worthy German, whose whole care was for appearances.
"Ja, my miss'ess en titre should be in a position vody of me," said this Louis XIV. of the counting-house.
Feeling sure that sooner or later Esther would be his, the Baron was now himself again, a masterly financier. He resumed the management of his affairs, and with such effect that his cashier, finding him in his office room at six o'clock next morning, verifying his securities, rubbed his hands with satisfaction.
"Ah, ha! mein Herr Baron, you shall hafe saved money last night!" said he, with a half-cunning, half-loutish German grin.
Though men who are as rich as the Baron de Nucingen have more opportunities than others for losing money, they also have more chances of making it, even when they indulge their follies. Though the financial policy of the house of Nucingen has been explained elsewhere, it may be as well to point out that such immense fortunes are not made, are not built up, are not increased, and are not retained in the midst of the commercial, political, and industrial revolutions of the present day but at the cost of immense losses, or, if you choose to view it so, of heavy taxes on private fortunes. Very little newly-created wealth is thrown into the common treasury of the world. Every fresh accumulation represents some new inequality in the general distribution of wealth. What the State exacts it makes some return for; but what a house like that of Nucingen takes, it keeps.
Such covert robbery escapes the law for the reason which would have made a Jacques Collin of Frederick the Great, if, instead of dealing with provinces by means of battles, he had dealt in smuggled goods or transferable securities. The high politics of money-making consist in forcing the States of Europe to issue loans at twenty or at ten per cent, in making that twenty or ten per cent by the use of public funds, in squeezing industry on a vast scale by buying up raw material, in throwing a rope to the first founder of a business just to keep him above water till his drowned-out enterprise is safely landed--in short, in all the great battles for money-getting.
The banker, no doubt, like the conqueror, runs risks; but there are so few men in a position to wage this warfare, that the sheep have no business to meddle. Such grand struggles are between the shepherds. Thus, as the defaulters are guilty of having wanted to win too much, very little sympathy is felt as a rule for the misfortunes brought about by the coalition of the Nucingens. If a speculator blows his brains out, if a stockbroker bolts, if a lawyer makes off with the fortune of a hundred families--which is far worse than killing a man-- if a banker is insolvent, all these catastrophes are forgotten in Paris in few months, and buried under the oceanic surges of the great city.
The colossal fortunes of Jacques Coeur, of the Medici, of the Angos of Dieppe, of the Auffredis of la Rochelle, of the Fuggers, of the Tiepolos, of the Corners, were honestly made long ago by the advantages they had over the ignorance of the people as to the sources of precious products; but nowadays geographical information has reached the masses, and competition has so effectually limited the profits, that every rapidly made fortune is the result of chance, or of a discovery, or of some legalized robbery. The lower grades of mercantile enterprise have retorted on the perfidious dealings of higher commerce, especially during the last ten years, by base adulteration of the raw material. Wherever chemistry is practised, wine is no longer procurable; the vine industry is consequently waning. Manufactured salt is sold to avoid the excise. The tribunals are appalled by this universal dishonesty. In short, French trade is regarded with suspicion by the whole world, and England too is fast being demoralized.
With us the mischief has its origin in the political
"De misfortune is dat you shall hafe been caught, mein Herr Baron," said the worthy German, whose whole care was for appearances.
"Ja, my miss'ess en titre should be in a position vody of me," said this Louis XIV. of the counting-house.
Feeling sure that sooner or later Esther would be his, the Baron was now himself again, a masterly financier. He resumed the management of his affairs, and with such effect that his cashier, finding him in his office room at six o'clock next morning, verifying his securities, rubbed his hands with satisfaction.
"Ah, ha! mein Herr Baron, you shall hafe saved money last night!" said he, with a half-cunning, half-loutish German grin.
Though men who are as rich as the Baron de Nucingen have more opportunities than others for losing money, they also have more chances of making it, even when they indulge their follies. Though the financial policy of the house of Nucingen has been explained elsewhere, it may be as well to point out that such immense fortunes are not made, are not built up, are not increased, and are not retained in the midst of the commercial, political, and industrial revolutions of the present day but at the cost of immense losses, or, if you choose to view it so, of heavy taxes on private fortunes. Very little newly-created wealth is thrown into the common treasury of the world. Every fresh accumulation represents some new inequality in the general distribution of wealth. What the State exacts it makes some return for; but what a house like that of Nucingen takes, it keeps.
Such covert robbery escapes the law for the reason which would have made a Jacques Collin of Frederick the Great, if, instead of dealing with provinces by means of battles, he had dealt in smuggled goods or transferable securities. The high politics of money-making consist in forcing the States of Europe to issue loans at twenty or at ten per cent, in making that twenty or ten per cent by the use of public funds, in squeezing industry on a vast scale by buying up raw material, in throwing a rope to the first founder of a business just to keep him above water till his drowned-out enterprise is safely landed--in short, in all the great battles for money-getting.
The banker, no doubt, like the conqueror, runs risks; but there are so few men in a position to wage this warfare, that the sheep have no business to meddle. Such grand struggles are between the shepherds. Thus, as the defaulters are guilty of having wanted to win too much, very little sympathy is felt as a rule for the misfortunes brought about by the coalition of the Nucingens. If a speculator blows his brains out, if a stockbroker bolts, if a lawyer makes off with the fortune of a hundred families--which is far worse than killing a man-- if a banker is insolvent, all these catastrophes are forgotten in Paris in few months, and buried under the oceanic surges of the great city.
The colossal fortunes of Jacques Coeur, of the Medici, of the Angos of Dieppe, of the Auffredis of la Rochelle, of the Fuggers, of the Tiepolos, of the Corners, were honestly made long ago by the advantages they had over the ignorance of the people as to the sources of precious products; but nowadays geographical information has reached the masses, and competition has so effectually limited the profits, that every rapidly made fortune is the result of chance, or of a discovery, or of some legalized robbery. The lower grades of mercantile enterprise have retorted on the perfidious dealings of higher commerce, especially during the last ten years, by base adulteration of the raw material. Wherever chemistry is practised, wine is no longer procurable; the vine industry is consequently waning. Manufactured salt is sold to avoid the excise. The tribunals are appalled by this universal dishonesty. In short, French trade is regarded with suspicion by the whole world, and England too is fast being demoralized.
With us the mischief has its origin in the political