Chapter 7 - Page 2

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