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Untitled Article
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Untitled Article
A List of Joint-Stock Companies , the Proposals for which are now , or have been lately , before the Public . A friend , on whose accuracy we can rely , has put into our hands the subjoined extraordinary list ; which , though not belonging to the subjects usually embraced by think it
our M agazine , we nght to put on our pages , as a record of the state of the public mind , in the latter end of the year 1824 , and the beginning of the year 1825 . There has been no instance of extravagance equal to this which we mow exhibit , since the infamous South-Sea Bubble in the year 1720 . The number of projects is nearly twice as many as grew out of the mania of the last century ; we believe the amount of capital speculated upon is considerably less . Happily , the government have given no countenance to the commercial excitement , but have , on the contrary , intimated
very plainly their disapprobation of the principle and plan of many of the schemes proposed . Some of them are , on the face of them , useful , and may in the end be profitable ; but the majority are chimeriqal , and must , in the nature of things , entail loss on the persons duped by them , and disgrace on the projectors . It is now debated in the House of Commons , whether members possessing shares in companies applying for legislative sanction , shall not be deprived of the liberty of voting in these cases . Whatever inay be the result , the agitation of the question will probably revive an honourable feeling in the breasts of the members to whom it relates . We call
this an enlightened age , and so in many respects it is ; but the table below shews liow easily the sense of a nation is overruled by the rage for money . The event will , we apprehend , prove the madness of the expectation , which the public are sometimes seduced into , of acquiring riches suddenly and without labour .
1 Saint Catharine ' s Docks o o . Tooke , Solicitor 1 , 200 , 000 2 Soutji London ditto . . . Wright , ditto 750 , 000 3 Bermondsey ditto . . " . . Gatty , ditto 800 , 000 4 Ditto ditto and Canal . „ Drew , ditto 5 Ditto Collier ditto and Coal Dep 6 t . Williams , ditto 750 , 000 6 Ail-Saints' and Poplar ditto . . Alliston , ditto 7 Rotherhithe and Deptford ditto . . Sweet , ditto
8 Isle of Dogs Collier ditto . . . Fortune , ditto 9 Ditto ditto ditto . , . Gatty , ditto 10 Ditto ditto ditto . . . Freshfield , ditto 11 Hull New Junction ditto . . . 12 Portsmouth Commercial ditto . 100 , 000 13 Cardiff ditto .... 14 London , Portsmouth , and Southampton Dock and Rail Road . 2 , 000 , 000 15 Ditto ditto ditto Rail Road . . . 1 , 000 , 000 16 Ditto to Bristol ditto . . . 1 , 500 , 000
17 Ditto to Birmingham ditto . o , 1 , 500 , 000 18 Ditto to South Wales ditto . . . 1 , 000 , 000 19 Ditto Northern ditto . . . 2 , 500 , 000 20 East London United Docks ditto . . 100 , 000 21 Grand Western , Southern , and Eastern ditto . . . 3 , 000 , 000 22 Tauntoii Grand Western ditto . . . 200 , 000 23 Bristol , Northern and Western ditto . . . 800 , 000 24 Ditto to Birmingham ditto . . . 800 , 000 25 Ditto to Bath ditto . . . 100 , 000
26 Stroud and Severn ditto . . . 50 , 000 27 Kennet and Avon to Old Sarum ditto 28 Birmingham to Liverpool ditto . . . 600 , 000 29 Manchester to ditto ditto « , . . 400 , 000 30 Ditto to Leeds ditto . . m 500 , 000 31 Ditto and Bolton ditto . . . 150 , 000 32 Bolton and West Leigh ditto 33 Grand Junction ditto . . . 2 , 000 , 000 34 General ditto , . . 200 , 000
35 Norfolk , Suffolk , and Essex ditto . . . 1 , 000 , 000 36 Surrey , Sussex , and Hants ditto . . . 750 , 000 37 Kentish ditto . . % 1 , 000 , 000 38 Canterbury ditto . . . 25 , 000 Carried forward £ 24 , 775 , 000
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MISCELLANEOUS .
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C 119 )
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Citation
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Monthly Repository (1806-1838) and Unitarian Chronicle (1832-1833), Feb. 2, 1825, page 119, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/mruc/issues/vm2-ncseproduct2533/page/55/
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