DOI Seite / Zitierlink:
https://doi.org/10.11588/diglit.27741#0160
nothing to do with the shares. Sir Bartle
Frere had no option but to submit to the
orders of the Imperial Government. Thus
it was that the shares were placed back at
the disposal of the directors of the Back-
bay Company. So many had been dis-
appointed to obtain even a fraction of a
share that it was deemed best by the
directors to forego the disagreeable duty
of a fresh allotment and resolved to put
them to public auction, so that those who
chose to buy them may do so unhindered.
Perhaps, the well-intentioned directors
had never dreamt that that method of
disposing of the shares would lead to
the wild speculation which immediately
followed and which continued with un-
abated fever till the day of the inevitable
crisis came. That the shares would be
bought at a high premium was well
understood; but that they would, under
the heat of speculation, take that tre-
mendously upward leap was certainly not
anticipated. Thus the sale by pubhc
132
Frere had no option but to submit to the
orders of the Imperial Government. Thus
it was that the shares were placed back at
the disposal of the directors of the Back-
bay Company. So many had been dis-
appointed to obtain even a fraction of a
share that it was deemed best by the
directors to forego the disagreeable duty
of a fresh allotment and resolved to put
them to public auction, so that those who
chose to buy them may do so unhindered.
Perhaps, the well-intentioned directors
had never dreamt that that method of
disposing of the shares would lead to
the wild speculation which immediately
followed and which continued with un-
abated fever till the day of the inevitable
crisis came. That the shares would be
bought at a high premium was well
understood; but that they would, under
the heat of speculation, take that tre-
mendously upward leap was certainly not
anticipated. Thus the sale by pubhc
132