“Terrible news! The country will be ruined to a certainty! The French will be here within a week! Fearful disaster! The fleet has mutinied! The army will follow their example! Ireland is in open rebellion! The bank is drained of specie! Failures in every direction! The funds at fifty-seven!”
Such were some of the remarks flying about, and which formed the subject matter of the addresses delivered by the various speakers. Many persons then collected were sober-minded citizens, merchants of good repute, trading with the West Indian Sugar Islands, Africa, the Colonies of North America, or the Baltic, East India directors, or others, whose transactions compelled them to assemble, for the negotiation of their bills on ’change.
A considerable number, however, of those who came into the city from the West End did not stop at the Exchange, but continued their course a short distance farther, along Cornhill, where turning on one side they found themselves in the precincts of Change Alley. An old writer describes that region: “The limits are easily surrounded in a minute and a half. Step out of Jonathan’s into the alley, turn your face due east, move on a few paces to Garraway’s. From thence go out at the other door, and go on still east, into Birchin Lane, and then halting at the Sword-blade bank, and facing the north, you will enter Cornhill, and visit two or three petty provinces there to the west, and thus having boxed your compass, and sailed round the stock-jobbing globe, you turn into Jonathan’s again.”
In Jonathan’s well-known coffee-house, and in its immediate neighbourhood, was assembled a large number of persons, varying in rank and appearance far more than those who were inside the Exchange. To this point the coroneted carriages had been directing their course. The occupants of some had got out and entered the coffee-house. Others remained with their brokers at the door, eager to gain certain intelligence, which was to raise or depress the market. Here too were to be seen persons in Eastern costume, and others in English dress, both however with the unmistakable features of the Jew. There were courtiers and gentlemen from the fashionable parts of the metropolis, in silk stockings and diamond-buckled shoes, with powdered wigs, frilled shirts, and swords by their sides, or quakers in broad-brimmed hats and garments of sombre hue, such as were worn by our puritan ancestors of the previous century. Here too were portly citizens with gold-headed canes and well-brushed beavers, their countenances anxious, but honest and straightforward, though many other persons were there, some in shabby-genteel costume, others in threadbare and almost ragged coats, and again, many whose sharp eager eyes and pale features showed that they had been long accustomed to the transactions of the place. The two great parties in the State might in most cases have been distinguished by the difference of their costume. The Tories, the supporters of the war, determined foes of the men then in power in France, generally retained the gay and handsome costume of their fathers, while the Whigs and Jacobinical party affected a republican simplicity, and dressed in straight-cut coats and low-crowned hats, which had been introduced in France.
We shall have to return to Jonathan’s by-and-bye, and will in the meantime go back to the Royal Exchange. Among those who were making their way towards it from the lanes which led up from the banks of the river was a person not unworthy of notice. He was a man past the meridian of life, of tall and commanding figure. The leather-like skin of his colourless face, though free from spot or blemish, was slightly wrinkled, and his somewhat massive features wore a calm and unmoved expression, which might have surprised those who could have defined the feelings agitating his bosom. No wonder that his mind was troubled. Those were anxious times for men engaged even in very limited transactions. Stephen Coppinger’s were extensive and complex. There was scarcely a pie baked in those days in which he had not a finger. He walked at a dignified pace, with a smile on his lips, and his bright eyes calm, though watchful. His dark-coloured suit of fine cloth with brass buttons was carefully brushed, a small quantity of powder only shaken on his hair, which was fastened behind in a long queue, resting on his collar. The folds of his white neck-cloth, and the frill of fine lace which appeared beneath his waistcoat, were scrupulously clean and well arranged. Silk stockings with knee breeches, and shoes with steel buttons, encased his legs and feet. In his hand he carried a thick gold-headed walking-stick, though scarcely requiring it to support his steps, while a plain cocked hat, and a spencer, for the weather was cold, completed his costume. His step was firm, his head erect, as he walked along with a dignified air, bowing to one acquaintance, nodding to another, and returning with condescension the salutations of his inferiors. He observed many other persons proceeding in the same direction, several of whom he knew, the countenances of not a few wearing that expression of anxiety which he took care his own should not exhibit. Several of them did not notice him, as, lost in thought, with their heads cast down, they picked their way over the uneven pavement.
Stephen Coppinger had scarcely reached his accustomed “walk” in the Exchange, when his acquaintance, Alderman Bycroft, bustled up to him.
“Well, friend Coppinger, you look as calm as if nothing had happened!” exclaimed the alderman; “have you not heard the news?”
“Which news?” asked the merchant in a quiet voice, without the slightest change of countenance; “so many reports are flying about that I believe none of them.”
“You could not have heard the news, or you would not look so abominably unconcerned,” exclaimed the alderman, who was a somewhat fussy excitable gentleman. “Why, the news is positively fearful! A mutiny has broken out on board the channel fleet at Spithead! They have murdered Lord Bridport and most of their officers, and threatened, if they have not everything their own way, to carry the ships over to the French. The enemy’s fleets are mustering in great force, and may be across the Channel, for what we can tell, at this moment. The Irish are in rebellion, and are certain to join them and cut all our throats.”
“Terrible, if true,” answered Mr Coppinger, with a smile, which he could afford to bestow on his excitable friend; “but I think, my dear alderman, I can correct you. The crews of the Channel fleet have undoubtedly refused to proceed to sea unless their very reasonable demands are agreed to, and I know for certain that they have treated the admiral and their officers with every respect. They will, I have no fear, therefore, when their petition is granted, return to their duty. If the French come we will give them a warm reception. In the meantime, however, I acknowledge we are likely to suffer by having our merchantmen exposed to the depredations of the enemy’s ships, and this is about the worst danger I apprehend.”