There are projected companies for supplying London with fish, all with boards of directors, and all promising from ten to twenty per cent. profit, not one of them with less than two million five hundred thousand dollars capital, in shares of five dollars each. Now there is no city in the world so well supplied with fish as London, in fact the supply is far beyond the demand, and there is no city which has cheaper sea food. There being innumerable private firms in the business, and there being fish markets everywhere, it would be supposed that a man of fair intelligence would question the possibility of any new company being able to compete in the business profitably. But, as in the mining companies, the array of names, and the deliciously worded prospectus, are hooks that never fail to catch. It is not the fish in the sea that these fellows are after.
These are only specimen bricks. There are companies for the development of iron mines, of tin mines, of copper mines, and all other kinds of mines in England, Spain, Algeria, India, and everywhere under the sun, companies proposing to buy vast tracts of land in Iowa, Minnesota, Wisconsin, Colorado, New Mexico, and everywhere else, each with its board of noblemen, its bankers and solicitors.
The American sharpers who have mines in Colorado and Nevada have reaped a rich harvest. The city is full of them. You shall see about the place where Americans most do congregate, sharp faced fellows, dressed very seedily, whose trowsers are chewed off at the heel, and whose coats bear unmistakable evidence of having passed through the renovator’s hands a great many times, and would again if their proprietors only had the one-and-nine pence necessary, or had another to wear while it was being done, the said coats buttoned very closely to the throat, so closely that a cheap scarf conceals the condition of the shirt beneath, if happily there be one, standing listlessly, as if waiting for some one who will never come.
They know you to be an American at once, and one introduces himself, claiming to have seen you in the States:
“What are you doing here?” is your first inquiry.
“Oh, I have been here a year. I came over to place a mine I own in Nevada.”
“How are you getting on?”
“Splendid! I just sold the half of it for five hundred thousand dollars. I ought to have got more for it, but I am tired of waiting, and want to get home, and so I let it go. Five hundred thousand dollars is a good sum, and then I retain a half interest in it. It will make me all the money I shall ever want. By the way have you met any of the nobility? No? I shall be glad to introduce you to the Duke of Buccleugh. I am going down to his country seat to-morrow. He is interested with me, and he’s a devilish clever fellow.”
You plead a prior engagement if you are wise, but you have not seen the last of your American friend who has just sold the half of a mine for five hundred thousand dollars. Oh, no! For the next day he will be waiting for you, and he will volunteer to go about with you in so persistent a way that you cannot refuse without being brutally blunt, and after taking you to all sorts of show places which are open to anybody, and which you want no guide for, he will establish himself in such a way as to make you feel, whether or no, that he has some claim upon you.
Then comes the final stroke. As you part with him, he will take you one side, and then this: