“It is very provoking, Charles. At first it was always said in the spring that things would be better in the autumn; and in the autumn, that all would come right in the spring. Now, you have somewhat extended your hope: it is either next year, or by and by, or hereafter; but still you go on hoping, when everybody else is preparing.”
“Cannot one hope and prepare at the same time?” asked Charles. “It seems to me that it is for want of this that so much evil now threatens us. The court goes on hoping without making any preparation; and the people, having no hope from the present system, are preparing to overthrow it too completely and too suddenly.”
“Mercy!” cried Marguerite; “what will become of us?”
“We shall live to grow wise in the experience of a state of transition, or die, leaving this wisdom to be inherited by others. In either case, the wisdom will remain; and the world (including our children) will be the better for it. Meanwhile, there is dinner waiting below for those who are hungry. Do not let the thoughts of to-morrow spoil the comfort of to-day.”
Before the day was over, however, its comfort was spoiled, and even Charles was compelled to look anxiously to the morrow. After dinner, a shriek of anguish was heard from the children. They had forgotten to secure Joli; and he was found hung up on the next lamp-post, strangled in his new white collar, and the lily stuck insultingly in his mouth. There was no use now in blaming the folly and carelessness which had occasioned the catastrophe. The only thing to be done was to impress upon the entire household the necessity of parading no more lilies, and avoiding all ornaments of white, red, or blue.
Chapter III.
THE TEMPER OF THE TIME.
The stagnation of trade was now a serious evil to Charles, not only as it occasioned his capital to be locked up, and his income to be impaired, nor because he was of so active a temperament that nothing troubled him like the having no business to do,—but because those were the safest amidst the troubles of the times who were supposed to be fully occupied in their private concerns. There was no lack of interest, indeed, for the most restless seeker of excitement; and Charles might have busied himself from morning to night of every day in tracking the progress of the public discontent, if such had been the species of employment he had desired or approved. He might, like other people, have shouted the praises of Necker in every street and square. He might have amused himself with watching with how many different airs the passengers on the Pont Neuf submitted to bow uncovered before the statue of Henry IV., under the penalty of having squibs let off in their faces. He might have witnessed the burning in effigy of obnoxious ministers, and have stood by the great fire into which the king’s decrees for suspending the parliament were cast, and have listened, through the live-long day, to the harangues of popular orators, or joined in the midnight processions by which the repose of all quiet citizens was disturbed. But Charles did not see that such attendance on his part could do any good at present, however the case might hereafter be altered. Whether or not he was turning over in his mind plans for his conduct when the time should come for him to act, he now appeared to direct his attention to private affairs, and talked more of wine and olives than of political matters.
He had been accustomed to furnish a large proportion of the home supply of olives and almonds for which there was a demand in Paris, from the produce of the estates of his wife and father-in-law; and now he had applications, day after day, for fruits which he might have sold at a high price, while scarcely a customer came for wine. He had already invested the little floating capital he could spare from the restoration of his vineyards in fruits from Italy and the Levant, which his brother purchased for him as they came up the great canal and the Garonne, on their way to Bordeaux. He now began to wish that he could exchange a part of his large stock of wine for fruits. He knew that wines would rise enormously in price, as soon as the demand should revive; but fruits had already risen enormously, and he wished to turn some of his capital into money by their means. It was easy to do this by extending his transactions with Steele, who purchased fruit in large quantities at Bordeaux to send to England. The demand for fruit in London being at present insignificant in comparison with that for claret, and the direct reverse being the case at Paris, it was Steele’s interest to transmit more wine and less fruit, and Charles’s to take fruit in exchange for his wine. It was therefore settled that, in addition to their standing bargain for first-rate wine, Steele should have a large choice of second-rate claret, in payment for chestnuts from Spain, oranges and citrons from the Madeiras, olives from the Levant, and almonds from Italy. The terms of exchange were the only difficulty.
Neither Steele nor Charles were speculators, in the common sense of the term. They were prudent men of business, attached to one line of occupation, and in no particular hurry to be richer than everybody else. They now, however, found themselves obliged to speculate, and became more fully aware than they had been before that all trading for purposes of sale is, in fact, speculation. It is necessary for traders not only to take into account all the past and present circumstances which affect the value of the article in which they deal, but to look forward to such as may influence its sale. Their success depends on the foresight which they have exercised, and the sagacity with which they have calculated: in other words, on their skill in speculation. When they extend their views to a further extent than they can command, and found their calculations on contingencies, they become gamesters of that class which is held in horror under the name of speculators: and hence arises a somewhat indistinct dread and dislike of all speculation; while the fact is, no exchange whatever could go on without more or less real speculation. The farmer must speculate on the seasons; the manufacturer on tastes and fashions, and on the supply of raw material; the merchant must speculate on war and peace, and all domestic and much foreign policy. In ordinary times, Charles must speculate on the increase or decline of the taste for claret, or of the number of claret-drinkers in Paris; and now, a new and wide field of calculation was opened before him, on which he must enter if he meant to prosecute his business at all.