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Chapter VII.

Captain Truck had a very tolerable notion of Baron Munchausen and of his particular merits; but Chateaubriant was a writer of whom he knew nothing. After pondering a moment, and feeling persuaded that a confession of ignorance might undo him; for the old man had got to be influenced by the atmosphere of the place; he answered coolly--

"Oh! Chat-_to_-bri-_ong_, is it you mean?--As whole-souled a fellow as I know. All soul, sir, and lots of reason, besides."

"How simple and unaffected!"

"Crack!" exclaimed Florio.

"A thorough Jacobin!" growled Captain Kant, who was always offended when any one but himself took liberties with the truth.

Here the four wags in the corner observed that head went to head in the crowd, and that the rear rank of the company began to disappear, while Mrs. Legend was in evident distress. In a few minutes, all the Romans were off; Florio soon after vanished, grating his teeth in a poetical frenzy; and even Captain Kant, albeit so used to look truth in the face, beat a retreat. The alphabet followed, and even the Annual and the Monthly retired, with leave-takings so solemn and precise, that poor Mrs. Legend was in total despair.

Eve, foreseeing something unpleasant, had gone away first, and, in a few minutes, Mr. Dodge, who had been very active in the crowd, whispering and gesticulating, made his bow also. The envy of this man had, in fact, become so intolerable, that he had let the cat out of the bag. No one now remained but the party entrenched behind the smoke, and the mistress of the house. Pindar solemnly proposed to the captain that they should go and enjoy an oyster-supper, in company; and, the proposal being cordially accepted, they rose in a body, to take leave.

"A most delightful evening, Mrs. Legend," said Pindar, with perfect truth, "much the pleasantest I ever pa.s.sed in a house, where one pa.s.ses so many that are agreeable."

"I cannot properly express my thanks for the obligation you have conferred by making me acquainted with Mr. Truck," added Gray. "I shall cultivate it as far as in my power, for a more capital fellow never breathed."

"Really, Mrs. Legend, this has been a Byronic night!" observed Pith, as he made his bow. "I shall long remember it, and I think it deserves to be commemorated in verse"

Fun endeavoured to look sympathetic and sentimental, though the spirit within could scarcely refrain from grinning in Mrs. Legend"s face. He stammered out a few compliments, however, and disappeared.

"Well, good night, marm," said Captain Truck, offering his hand cordially. "This has been a pleasant evening, altogether, though it was warm work at first. If you like ships, I should be glad to show you the Montauk"s cabins when we get back; and if you ever think of Europe, let me recommend the London line as none of the worst. We"ll try to make you comfortable, and trust to me to choose a state-room, a thing I am experienced in."

Not one of the wags laughed until they were fairly confronted with the oysters. Then, indeed, they burst out into a general and long fit of exuberant merriment, returning to it, between the courses from the kitchen, like the _refrain_ of a song. Captain Truck, who was uncommonly well satisfied with himself, did not understand the meaning of all this boyishness, but he has often declared since, that a heartier or a funnier set of fellows he never fell in with, than his four companions proved to be that night.

As for the literary _soiree_, the most profound silence has been maintained concerning it, neither of the wits there a.s.sembled having seen fit to celebrate it in rhyme, and Florio having actually torn up an impromptu for the occasion, that he had been all the previous day writing.

Chapter VII.

"There is a history in all men"s lives, Figuring the nature of the times deceased, The which observed, a man may prophesy With a near aim, of the main chance of things, As yet not come to life."

KING HENRY VI

The following morning the baronet breakfasted in Hudson Square. While at table, little was said concerning the events of the past night, though sundry smiles were exchanged, as eye met eye, and the recollection of the mystification returned. Grace alone looked grave, for she had been accustomed to consider Mrs. Legend a very discriminating person, and she had even hoped that most of those who usually figured in her rooms, were really the clever persons they laid claim to be.

The morning was devoted to looking at the quarter of the town which is devoted to business, a party having been made for that express purpose under the auspices of John Effingham. As the weather was very cold, although the distances were not great, the carriages were ordered, and they all set off about noon.

Grace had given up expecting a look of admiration from Eve in behalf of any of the lions of New-York, her cousin having found it necessary to tell her, that, in a comparative sense at least, little was to be said in behalf of these provincial wonders. Even Mademoiselle Viefville, now that the freshness, of her feelings were abated, had dropped quietly down into a natural way of speaking of these things; and Grace, who was quick-witted, soon discovered that when she did make any allusions to similar objects in Europe, it was always to those that existed in some country town. A silent convention existed, therefore, to speak no more on such subjects; or if any thing was said, it arose incidentally and as inseparable from the regular thread of the discourse.

When in Wall street, the carriages stopped and the gentlemen alighted. The severity of the weather kept the ladies in the chariot, where Grace endeavoured to explain things as well as she could to her companions.

"What are all these people running after, so intently?" inquired Mademoiselle Viefville, the conversation being in French, but which we shall render freely into English, for the sake of the general reader.

"Dollars, I believe, Mademoiselle; am I right, Grace?"

"I believe you are," returned Grace, laughing, "though I know little more of this part of the town than yourself."

"_Quelle foule_! Is that building filled with dollars, into which the gentlemen are now entering? Its steps are crowded."

"That is the _Bourse_, Mademoiselle, and it ought to be well lined, by the manner in which some who frequent it live. Cousin Jack and Sir George are going into the crowd, I see."

We will leave the ladies in their seats, a few minutes, and accompany the gentlemen on their way into the Exchange.

"I shall now show you, Sir George Templemore," said John Effingham, "what is peculiar to this country, and what, if properly improved, it is truly worth a journey across the ocean to see. You have been at the Royal Exchange in London, and at the _Bourse_ of Paris, but you have never witnessed a scene like that which I am about to introduce you to. In Paris, you have beheld the unpleasant spectacle of women gambling publicly in the funds; but it was in driblets, compared to what you will see here."

While speaking, John Effingham led the way upstairs into the office of one of the most considerable auctioneers. The walls were lined with maps, some representing houses, some lots, some streets, some entire towns.

"This is the focus of what Aristabulus Bragg calls the town trade,"

said John Effingham, when fairly confronted with all these wonders.

"Here, then, you may suit yourself with any species of real estate that heart can desire. If a villa is wanted, there are a dozen. Of farms, a hundred are in market; that is merely half-a-dozen streets; and here are towns, of dimensions and value to suit purchasers."

"Explain this; it exceeds comprehension."

"It is simply what it professes to be. Mr. Hammer, do us the favour to step this way. Are you selling to-day?"

"Not much, sir. Only a hundred or two lots on this island, and some six or eight farms, with one western village."

"Can you tell us the history of this particular piece of property, Mr. Hammer?"

"With great pleasure, Mr. Effingham; we know you to have means, and hope you may be induced to purchase. This was the farm of old Volkert Van Brunt, five years since, off of which he and his family had made a livelihood for more than a century, by selling milk. Two years since, the sons sold it to Peter Feeler for a hundred an acre; or for the total sum of five thousand dollars. The next spring Mr. Feeler sold it to John Search, as keen a one as we have, for twenty-five thousand. Search sold it, at private sale, to Nathan Rise for fifty thousand, the next week, and Rise had parted with it, to a company, before the purchase, for a hundred and twelve thousand cash. The map ought to be taken down, for it is now eight months since we sold it out in lots, at auction, for the gross sum of three hundred thousand dollars. As we have received our commission, we look at that land as out of the market, for a time."

"Have you other property, sir, that affords the same wonderful history of a rapid advance in value?" asked the baronet.

"These walls are covered with maps of estates in the same predicament. Some have risen two or three thousand per cent. within five years, and some only a few hundred. There is no calculating in the matter, for it is all fancy."

"And on what is this enormous increase in value founded?--Does the town extend to these fields?"

"It goes much farther, sir; that is to say, on paper. In the way of houses, it is still some miles short of them. A good deal depends on what you _call_ a thing, in this market. Now, if old Volkert Van Brunt"s property had been still called a farm, it would have brought a farm price; but, as soon as it was surveyed into lots and mapped--"

"Mapped!"

"Yes, sir; brought into visible lines, with feet and inches. As soon as it was properly mapped, it rose to its just value. We have a good deal of the bottom of the sea that brings fair prices in consequence of being well mapped."

Here the gentlemen expressed their sense of the auctioneer"s politeness, and retired.

"We will now go into the sales-room," said John Effingham, "where you shall judge of the spirit, or _energy_, as it is termed, which, at this moment, actuates this great nation."

Descending, they entered a crowd, where scores were eagerly bidding against each other, in the fearful delusion of growing rich by pushing a fancied value to a point still higher. One was purchasing ragged rocks, another the bottom of rivers, a third a bog, and all on the credit of maps. Our two observers remained some time silent spectators of the scene.

"When I first entered that room," said John Effingham, as they left the place, "it appeared to me to be filled with maniacs. Now, that I have been in it several times, the impression is not much altered."

"And all those persons are hazarding their means of subsistence on the imaginary estimate mentioned by the auctioneer?"

"They are gambling as recklessly as he who places his substance on the cast of the die. So completely has the mania seized every one, that the obvious truth, a truth which is as apparent as any other law of nature, that nothing can be sustained without a foundation, is completely overlooked, and he who should now proclaim, in this building, principles that bitter experience will cause every man to feel, within the next few years, would be happy if he escaped being stoned. I have witnessed many similar excesses in the way of speculations; but never an instance as gross, as wide-spread, and as alarming as this."

"You apprehend serious consequences, then, from the reaction?"

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