In spite of the difficulty of obtaining shares, a pretty large number of them got into the hands of the respectable portion of the public, and the whole were soon taken up. The boats were built by Larboard Starboard, Esq.; and the engines, as a matter of course, were put on board by Messrs Boiler & Rodd; Erebus Carbon, Esq., supplied, at the current rates, the necessary fuel; and at all hours of the day the vessels ran backwards and forwards, carrying customers to Mr Montague Whalebone's hotel, and lodgers to the new tenements, which soon began to rise around it in all directions. Lowriver took amazingly, and rose rapidly in public estimation; the boats filled well, and the speculation promised great things. When, however, after several mouths of undeviating prosperity, the shareholders began to look for some return for their capital in the shape of a dividend, each one of them was individually surprised by a 'call:' L.5 a share was wanted to clear off urgent responsibilities. 'The outfitting costs had been greater than was foreseen,' and the demands upon the shareholders were not likely to be limited to the first call. The victims rushed, as they were invited to do, to the office, to inspect the accounts. The engineer was there to receive them, and, all suavity and politeness, submitted every fact and figure to their investigation. There was nothing to be found fault with--everything was fairly booked; but there was a heavy balance dead against the company. The engineer himself put a long face upon the affair, and shrugged his shoulders, and mumbled something about having burned his own fingers, &c. After this, reports soon got abroad very prejudicial to the value of the investments. Then came the winter, during which few passengers travelled to Lowriver; and with Christmas came another L.5 call. People grew tired of paying 20 per cent. for nothing, and many forfeited their shares by suffering them to be sold to pay the calls. This game went on for nearly three years--all 'calls' and no dividends; until at length it would have been difficult to find five persons out of the original 500 who held shares in the Babel and Lowriver Steam Navigation Company, and there was next to nobody left to _call_ upon.
Language Journal
Chambers's Edinburgh Journal, No. 460 — Part 30
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