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hard cash-第43章

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The outline she gave her daughter and my reader of Richard Hardie's cold and prudent youth was substantially correct; but something had occurred since then; unknown to her; unknown to all Barkington。 The centuries had blown a respectable bubble。

About two hundred and fifty years ago; some genius; as unknown as the inventor of the lathe; laid the first wooden tramroad; to enable a horse to draw forty…two cwt。 instead of seventeen。 The coalowners soon used it largely。 In 1738; iron rails were invented; but prejudice; stronger than that metal; kept them down; and the wooden ones in vogue; for some thirty years。 Then iron prevailed。

Meantime; a much greater invention had been creeping up to join the metal way; I mean the locomotive power of steam; whose history is not needed here。 Enough that in 1804 took place as promising a wedding as civilisation ever saw; for then an engine built by Trevethick; a great genius frittered for want of pluck; drew carriages; laden with ten tons; five miles an hour on a Welsh railway。 Next stout Stephenson came on the scene; and insisted on benefiting mankind in spite of themselves; and of shallow legislators; _a priori_ reasoners; and a heavy _Review_ whose political motto was; 〃Stemus super antiquas vias;〃 which may be rendered; 〃Better stand still on turnpikes than move on rails。〃

His torments and triumph are history。

Two of his repartees seem neat: 1。 To Lord Noodle; or Lord Doodle; which was it? objecting haughtily; 〃And suppose a cow should get in the way of your engine; sir?〃 he replied; 〃Why; then it would be badfor the coow。〃 The objector had overrated the obstructive power of his honoured parent。

2。 To the _a priori_ reasoners; who sat in their studies and demonstrated with complete unanimity that uncogged wheels would revolve on a smooth rail; but leave the carriage _in statu quo;_ he replied by building an engine with Lord Ravensworth's noble aid; hooking on eight carriages; and rattling off up an incline。 _〃Solvitur ambulando;_〃 quoth Stephenson the stout…hearted to Messrs。 _A Priori。_

Next a coach ran on the Stockton and Darlington rail。 Next the Liverpool and Manchester line was projected。 Oh; then; what bitter opposition to the national benefactors; and the good of man!

Awake from the tomb echoes of dead Cant。

〃The revolving wheels might move the engine on a rail; but what would that avail if they could not move them in the closet; and on a mathematical paper? Railways would be bad for canals; bad for morals; bad for highwaymen; bad for roadside inns: the smoke would kill the partridges ('Aha! thou hast touched us nearly;' said the country gentlemen); the travellers would go slowly to their destination; but swift to destruction。〃 And the _Heavy Review;_ whose motto was _〃Stemus super_ turnpikes;〃 offered 〃to back old Father Thames against the Woolwich railway for any sum。 And Black Will; who drove the next heaviest ephemeral in the island; told a schoolboy; who now writes these pages; 〃there's nothing can ever be safe at twenty miles an hour; without 'tis a bird in the air;〃 and confirmed it with an oath。 Briefly; buzz! buzz! buzz!

Gray was crushed; Trevethick driven out of the country; stout Steevie thwarted; badgered; taunted; and even insulted; and bespattered with dirtI might say with dung; since his opponents discharged their own brains at him by speech and writing。 At last; when; after the manner of men; they had manured their benefactor well; they consented to reap him。 Railways prevailed; and increased; till lo and behold a Prime Minister with a spade delving one in the valley of the Trent。 The tide turned; good working railways from city to city became an approved investment of genuine capital; notwithstanding the frightful frauds and extortion to which the projectors were exposed in a Parliament which; under a new temptation; showed itself as corrupt and greedy as any nation or age can parallel。

When this sober state of things had endured some time; there came a year that money was loose; and a speculative fever due in the whirligig of time。 Then railways bubbled。 New ones were advertised; fifty a month; and all went to a premium。 High and low scrambled for the shares; even when the projected line was to run from the town of Nought to the village of Nothing across a goose common。 The flame spread; fanned by prospectus and advertisement; two mines of glowing fiction; compared with which the legitimate article is a mere tissue of understatements; princes sat in railway tenders; and clove the air like the birds whose effigies surmount their armorials; our stiffest Peers relaxed into Boards; Bishops warned their clergy against avarice; and buttered Hudson an inch thick for shares; and turned their little aprons into great pockets; men; stainless hitherto; put down their infants; nurses included; as independent subscribers; and bagged the coupons; _capturi tartaros。_ Nearly everything that had a name; and; by some immense fortuity; could write it; demanded its part in the new and fathomless source of wealth: a charwoman's two sons were living in a garret on fifteen shillings apiece per week; down went their excellencies' names for L。 37;000 worth of bubbling iron; another shareholder applied imperiously from a house in Grosvenor Square; he had breakfasted on the steps。 Once more in Time's whirligig gentlemen and their footmen jostled one another on the Exchange; and a motley crew of peers and printers; vicars and admirals; professors; cooks; costermongers; cotton…spinners; waiters; coachmen; priests; potboys; hankers; braziers; dairymen; mail…guards; barristers; spinsters; butchers; beggars; duchesses; rag…merchants in one word; of Nobs and Snobs; fought and scrambled pell mell for the popular paper; and all to get rich in a day。*

*For the humours of the time see the parliamentary return of Railway Subscribers; published 1846: Francis's British Railway: Evan's Commercial Crisis; and the pamphlets and journals of the day。

Richard Hardie had some money in existing railways; but he declined to invest his hard cash upon hypotheticals。 He was repeatedly solicited to be a director; but always declined。 Once he was offered a canny bribe of a thousand pounds to let his name go on a provisional committee。 He refused with a characteristic remark: 〃I never buy any merchandise at a fancy price; not even hard cash。〃

Antidote to the universal mania; Barkington had this one wet blanket; an unpopular institution; but far more salutary than a damp sheet especially in time of Bubble。

Nearly all his customers consulted Richard Hardie; and this was the substance of his replies: 〃The Bubbles of History; including the great one of my youth; were national; as well as individual; follies。 It is not so now: the railways; that ruin their allottees and directors; will be pure additions to the national property; and some day remove one barrier more from commerce。 The Dutch tulip frenzy went on a petty fancy: the Railway fury goes on a great fact。 Our predecessors blew mere soap bubbles; we blow an iron bubble: but here the distinction ends。 In 1825 the country undertook immediate engagements; to fulfil which a century's income would not have sufficed: today a thousan
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