“Very true,” said Sternhold. “Good morning, gentlemen.”
He held on like grim death. Men of genius always do—mark Caesar, and all of them. ’Tis the bulldog that wins.
By-and-by things began to take a turn. The markets looked up. Iron and coal got brisker. The first locomotive was put on the line, then another, and another; London could be reached in two hours, goods could be transmitted in six, instead of thirty by the old canal or turnpike.
The Stock Exchange got busy again. You could hear the masons and bricklayers—chink, tink, tinkle, as their trowels chipped off the edges—singing away in chorus. The whistle of the engines was never silent. Vast clouds of smoke hung over the country from the factories and furnaces. Two or three new trades were introduced—among others, the placed goods, cheap jewellery, and idol-making businesses, and trade-guns for Africa. Rents began to rise; in two years they went up forty per cent. The place got a name throughout the length and breadth of the kingdom, and a Name is everything to a town as well as to an individual.
But by a curious contradiction, just as his property began to rise in value, and his investment looked promising, Sternhold grew melancholy and walked about more wretched than ever. The truth soon leaked out—he had no money to complete his half-finished streets and blocks of houses. Nothing could induce him to borrow; not a halfpenny would he take from any man.
There the streets and houses, the theatres, club-houses, magnificent mansions, huge hotels, languished, half-finished, some a story, some two stories high, exposed to wind and weather. In the midst of a great city there was all this desolation, as if an enemy had wreaked his vengeance on this quarter only.
Large as were the sums derived from his other properties—houses and shops and land, which were occupied—it was all eaten up in the attempt to finish this marble Rome in the middle of a brick Babylon. Heavy amounts too had to be disbursed to keep the railway going, for it did not pay a fraction of dividend yet. Men of business pressed on Sternhold. “Let us complete the place,” they said. “Sell it to us on building leases; no one man can do the whole. Then we will form three or four companies or syndicates, lease it of you, complete the buildings, and after seventy years the whole will revert to you or your heirs.”
Still Sternhold hesitated. At last he did lease a street or two in this way to a company, who went to work like mad, paid the masons and bricklayers double wages, kept them at it day and night, and speedily were paying twenty per cent, dividends on their shares out of the rents of the completed buildings. This caused a rush. Company after company was formed. They gave Sternhold heavy premiums for the privilege to buy of him; even then it was difficult to get him to grant the leases. When he did accept the terms and the ready cash, every halfpenny of it went to complete streets on his own account; and so he lived, as it were, from hand to mouth.
After all this excitement and rush, after some thousands of workmen were put at it, they did not seem to make much impression upon the huge desolation of brick and mortar. Streets and squares rose up, and still there were acres upon acres of wilderness, foundations half-dug out and full of dirty water, walls three feet high, cellars extending heaven only knew where.
People came for miles to see it, and called it “Baskette’s Folly.” After a while, however, they carefully avoided it, and called it something worse—i.e. “The Rookery;” for all the scum and ruffianism of an exceptionally scummy and ruffianly residuum chose it as their stronghold. Thieves and worse—ill-conditioned women—crowds of lads, gipsies, pedlars—the catalogue would be as long as Homer’s—took up their residence in these foundations and cellars. They seized on the planks which were lying about in enormous piles, and roofed over the low walls; and where planks would not do they got canvas.