CHAPTER XX STOCK EXCHANGE

There is nothing in England more astounding¹ or more tigerish than the city man. Englishmen have a fixed² idea that they are the soul of generosity³, indifferent to money, and not in the least sordid⁴. When they are put to it for a type of sheer greediness it pleases them to point a finger at the Scot. Yet there can be no doubt that of late years the desire for riches has become the absorbing English passion. The ostentation⁵ and vulgar displays of the aristocracy and the newly rich have stirred the middle-class English heart to envy. How comes it that such and such a man sleeps on lilies and eats roses? He has "means," my friend. And what are "means"? Just money. If[Pg 193] you are going to be happy in this life, if you insist upon a full paunch of the choicest—upon the ease and softness which are so grateful to decadent⁶ persons, if you would be in a position to possess all that the soul of the decadent person covets⁷, you really must have money. And as you are a middle class Englishman whose people have omitted to leave you a million or so, it is very awkward for you. Life is short; the cup goes round but once.

You have ￡500. How is it to be made into ￡50,000, and that while the flush of youth still incarnadines your ambitious cheek? There is only one way: you must speculate—judiciously, if you can; but you must speculate. You are an Englishman and a sportsman, and sometimes you get your ￡50,000. Then all the world marvels⁸ and would fain do likewise, so that the ball is kept rolling. It is a ball full of money, and it rolls cityward. The generous, open-handed Englishmen who are the City take as much as they want and toss you the balance.[Pg 194] The game is as fashionable as ping-pong: everybody plays it, and, win or lose, everybody calls it the Stock Exchange. I am told that the Stock Exchange proper is a reputable institution and essential to the well-being⁹ of the country. I do not doubt this for a moment; but round it there has grown up a specious¹⁰ and parasitical¹¹ finance which is rapidly transforming the English into a nation of punters. "Fortunes made while you wait," is the lure¹² to which the latter-day Englishman has been found infallibly to respond. The remnant of the common sense possessed¹³ by his excellent grandparents arouses in him a sneaking¹⁴ suspicion that the golden promises of the outside broker¹⁵ and the bucket-shop keeper are not to be depended upon. Yet he reads in his morning paper that no end of stocks and shares have risen a point or dropped a point, as the case may be, and he knows that if he had been in on the right side he would have made more money in a few hours than his excellent grandparents could have made in the course[Pg 195] of a whole grubby lifetime. Hence, sooner or later, his patrimony¹⁶, or few hundred of surplus capital, is planked into the ball that rolls citywards, on the off-chance that it may come back arm in arm, as it were, with thousands.

Even the more cautious sort of Englishman, who looks upon speculation¹⁷ with a deprecating eye and pins his faith on legitimate¹⁸ investment, is rapidly descending¹⁹ into the gambling²⁰ habit. Schemes which promise fat dividends²¹ inflame²² his imagination and drag him out of the even tenor²³ of his way. He is perfectly²⁴ well aware that fifteen, twenty, and twenty-five per cent. in return for one's money is quite wrong somehow. But, on the other hand, the prospect²⁵ ravishes, and there are concerns in the world which pay such dividends year by year without turning a hair. Only sometimes there is a colossal²⁶ smash, and half the shopkeepers of England put on sackcloth and ashes and get up funds for one another's relief. To the looker-on the whole system is highly[Pg 196] diverting; to the players in the game the fun will never be obvious.

The real truth about the matter is simply this—the standard of living in England is an inflated²⁷ and artificial standard. Practically every Englishman lives, or longs to live, beyond his means. The workman and the workman's wife must put on the style of the foreman and the foreman's wife, and the foreman and the foreman's wife must appear to be nearly as comfortably off as the manager, the manager as his employer, all employers, shopkeepers, factory owners, iron-masters, engineers, printers, and even publishers as prosperous as each other, and so on till you come to dukes, than whom, of course, nobody can be more prosperous. It would be possible to bring together six Englishmen whose incomes ranged from ￡1 10s. a week to ￡50,000 a year, and whose dress and tastes would be pretty well identical. Fifty years ago the sons of the middle classes had really no inclination²⁸ toward the superfluities. The dandy was rather laughed at[Pg 197] among them, the gourmet²⁹ was a monster they never by any chance encountered, and the libertine³⁰ was a sad warning and a person to be eschewed³¹. Nowadays it is all the other way: the gilt³² and tinsel and glamour³³ and rapidity of the gay world have captured the English understanding and brought it exceeding low. There is little moral backbone³⁴ left in the country. Money, money, money, to be ill gotten and ill spent, is the English ideal. The man who can go without is considered a crank or a fool or worse, or he is set down for an indolent fellow who should be given a month or two on the treadmill³⁵ for luck. The whole duty of man—of Englishmen, that is to say—is to have money in ponderable quantities; the man without it is of no account at all. Nobody believes in him, nobody wants him, nobody tolerates him. He may be wise and witty³⁶ and chaste³⁷ and blessed with all the virtues³⁸, and still be received with great coldness by bank managers; and it is well known that the attitude of a bank manager towards a man is the[Pg 198] attitude of society at large. If the bank manager beams and rubs his hands, "God's in His heaven: all's right with the world." If the bank manager frowns and sends you impertinent letters, you may last a week or a fortnight or a few months, but you are on thin ice, and you must please take care not to forget it. I should not be at all surprised if the omnipotent³⁹ official whose business it is to discover what persons are or are not qualified⁴⁰ to approach our British fountain of honour were one day found to be a bank manager in disguise.

So that, on the whole, the Englishman has every inducement to get rich and to be very quick about it. His dealings with the "Stock Exchange"—that is to say, with the City—are but the natural expression of his anxiety to oblige all parties concerned. It is a pity that getting and spending should become the main concerns of his life; but, as he pathetically puts it, "One must do as Rome does, and some women are never content." The Stock Exchange is the only way.

1 astounding   

adj.使人震惊的vt.使震惊，使大吃一惊astound的现在分词)

参考例句：

• There was an astounding 20% increase in sales. 销售量惊人地增加了20%。
• The Chairman's remarks were so astounding that the audience listened to him with bated breath. 主席说的话令人吃惊，所以听众都屏息听他说。 来自《简明英汉词典》

2 fixed   

adj.固定的，不变的，准备好的；(计算机)固定的

参考例句：

• Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
• Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。

3 generosity   

n.大度，慷慨，慷慨的行为

参考例句：

• We should match their generosity with our own.我们应该像他们一样慷慨大方。
• We adore them for their generosity.我们钦佩他们的慷慨。

4 sordid   

adj.肮脏的，不干净的，卑鄙的，暗淡的

参考例句：

• He depicts the sordid and vulgar sides of life exclusively.他只描写人生肮脏和庸俗的一面。
• They lived in a sordid apartment.他们住在肮脏的公寓房子里。

5 ostentation   

n.夸耀，卖弄

参考例句：

• Choose a life of action,not one of ostentation.要选择行动的一生，而不是炫耀的一生。
• I don't like the ostentation of their expensive life - style.他们生活奢侈，爱摆阔，我不敢恭维。

6 decadent   

adj.颓废的，衰落的，堕落的

参考例句：

• Don't let decadent ideas eat into yourselves.别让颓废的思想侵蚀你们。
• This song was once banned, because it was regarded as decadent.这首歌曾经被认定为是靡靡之音而被禁止播放。

7 covets   

v.贪求，觊觎( covet的第三人称单数 )

参考例句：

• It is the kind of TV news coverage every president covets. 所有总统都垂涎这类电视新闻报导。 来自互联网
• She covets her sister's house. 她对她姐姐的房子垂涎三尺。 来自互联网

8 marvels   

n.奇迹( marvel的名词复数 )；令人惊奇的事物（或事例）；不平凡的成果；成就v.惊奇，对…感到惊奇( marvel的第三人称单数 )

参考例句：

• The doctor's treatment has worked marvels : the patient has recovered completely. 该医生妙手回春，病人已完全康复。 来自辞典例句
• Nevertheless he revels in a catalogue of marvels. 可他还是兴致勃勃地罗列了一堆怪诞不经的事物。 来自辞典例句

9 well-being   

n.安康，安乐，幸福

参考例句：

• He always has the well-being of the masses at heart.他总是把群众的疾苦挂在心上。
• My concern for their well-being was misunderstood as interference.我关心他们的幸福，却被误解为多管闲事。

10 specious   

adj.似是而非的；adv.似是而非地

参考例句：

• Such talk is actually specious and groundless.这些话实际上毫无根据，似是而非的。
• It is unlikely that the Duke was convinced by such specious arguments.公爵不太可能相信这种似是而非的论点。

11 parasitical   

adj. 寄生的(符加的)

参考例句：

• It is related to her prior infestation by the dominant parasitical species here. 那是涉及在她身上已经滋生了的具备支配权的优势寄生物种。
• Finally, the array antennas composed of parasitical cells are mainly researched. 最后，本文重点研究了由加寄生天线的单元组成的天线阵列。

12 lure   

n.吸引人的东西，诱惑物；vt.引诱，吸引

参考例句：

• Life in big cities is a lure for many country boys.大城市的生活吸引着许多乡下小伙子。
• He couldn't resist the lure of money.他不能抵制金钱的诱惑。

13 possessed   

adj.疯狂的；拥有的，占有的

参考例句：

• He flew out of the room like a man possessed.他像着了魔似地猛然冲出房门。
• He behaved like someone possessed.他行为举止像是魔怔了。

14 sneaking   

a.秘密的，不公开的

参考例句：

• She had always had a sneaking affection for him. 以前她一直暗暗倾心于他。
• She ducked the interviewers by sneaking out the back door. 她从后门偷偷溜走，躲开采访者。

15 broker   

n.中间人，经纪人；v.作为中间人来安排

参考例句：

• He baited the broker by promises of higher commissions.他答应给更高的佣金来引诱那位经纪人。
• I'm a real estate broker.我是不动产经纪人。

16 patrimony   

n.世袭财产，继承物

参考例句：

• I left my parents' house,relinquished my estate and my patrimony.我离开了父母的家，放弃了我的房产和祖传财产。
• His grandfather left the patrimony to him.他的祖父把祖传的财物留给了他。

17 speculation   

n.思索，沉思；猜测；投机

参考例句：

• Her mind is occupied with speculation.她的头脑忙于思考。
• There is widespread speculation that he is going to resign.人们普遍推测他要辞职。

18 legitimate   

adj.合法的，合理的，合乎逻辑的；v.使合法

参考例句：

• Sickness is a legitimate reason for asking for leave.生病是请假的一个正当的理由。
• That's a perfectly legitimate fear.怀有这种恐惧完全在情理之中。

19 descending   

n. 下行 adj. 下降的

参考例句：

• The results are expressed in descending numerical order . 结果按数字降序列出。
• The climbers stopped to orient themselves before descending the mountain. 登山者先停下来确定所在的位置，然后再下山。

20 gambling   

n.赌博；投机

参考例句：

• They have won a lot of money through gambling.他们赌博赢了很多钱。
• The men have been gambling away all night.那些人赌了整整一夜。

21 dividends   

红利( dividend的名词复数 )； 股息； 被除数； （足球彩票的）彩金

参考例句：

• Nothing pays richer dividends than magnanimity. 没有什么比宽宏大量更能得到厚报。
• Their decision five years ago to computerise the company is now paying dividends. 五年前他们作出的使公司电脑化的决定现在正产生出效益。

22 inflame   

v.使燃烧；使极度激动；使发炎

参考例句：

• Our lack of response seemed to inflame the colonel.由于我们没有反应,好象惹恼了那个上校。
• Chemical agents manufactured by our immune system inflame our cells and tissues,causing our nose to run and our throat to swell.我们的免疫系统产生的化学物质导致我们的细胞和组织发炎，导致我们流鼻水和我们的喉咙膨胀。

23 tenor   

n.男高音（歌手），次中音（乐器），要旨，大意

参考例句：

• The tenor of his speech was that war would come.他讲话的大意是战争将要发生。
• The four parts in singing are soprano,alto,tenor and bass.唱歌的四个声部是女高音、女低音、男高音和男低音。

24 perfectly   

adv.完美地，无可非议地，彻底地

参考例句：

• The witnesses were each perfectly certain of what they said.证人们个个对自己所说的话十分肯定。
• Everything that we're doing is all perfectly above board.我们做的每件事情都是光明正大的。

25 prospect   

n.前景，前途；景色，视野

参考例句：

• This state of things holds out a cheerful prospect.事态呈现出可喜的前景。
• The prospect became more evident.前景变得更加明朗了。

26 colossal   

adj.异常的，庞大的

参考例句：

• There has been a colossal waste of public money.一直存在巨大的公款浪费。
• Some of the tall buildings in that city are colossal.那座城市里的一些高层建筑很庞大。

27 inflated   

adj.（价格）飞涨的；（通货）膨胀的；言过其实的；充了气的v.使充气（于轮胎、气球等）( inflate的过去式和过去分词 )；（使）膨胀；（使）通货膨胀；物价上涨

参考例句：

• He has an inflated sense of his own importance. 他自视过高。
• They all seem to take an inflated view of their collective identity. 他们对自己的集体身份似乎都持有一种夸大的看法。 来自《简明英汉词典》

28 inclination   

n.倾斜；点头；弯腰；斜坡；倾度；倾向；爱好

参考例句：

• She greeted us with a slight inclination of the head.她微微点头向我们致意。
• I did not feel the slightest inclination to hurry.我没有丝毫着急的意思。

29 gourmet   

n.食物品尝家；adj.出于美食家之手的

参考例句：

• What does a gourmet writer do? 美食评论家做什么？
• A gourmet like him always eats in expensive restaurants.像他这样的美食家总是到豪华的餐馆用餐。

30 libertine   

n.淫荡者；adj.放荡的，自由思想的

参考例句：

• The transition from libertine to prig was so complete.一个酒徒色鬼竟然摇身一变就成了道学先生。
• I believe John is not a libertine any more.我相信约翰不再是个浪子了。

31 eschewed   

v.（尤指为道德或实际理由而）习惯性避开，回避( eschew的过去式和过去分词 )

参考例句：

• I eschewed upbraiding, I curtailed remonstrance. 我避免责备，少作规劝。 来自辞典例句
• Moreover, she has a business plan, an accessory eschewed by cavalier counterparts. 此外，她还有商业计划，这是彬彬有礼的男设计师们回避的一点。 来自互联网

32 gilt   

adj.镀金的；n.金边证券

参考例句：

• The plates have a gilt edge.这些盘子的边是镀金的。
• The rest of the money is invested in gilt.其余的钱投资于金边证券。

33 glamour   

n.魔力，魅力；vt.迷住

参考例句：

• Foreign travel has lost its glamour for her.到国外旅行对她已失去吸引力了。
• The moonlight cast a glamour over the scene.月光给景色增添了魅力。

34 backbone   

n.脊骨，脊柱，骨干；刚毅，骨气

参考例句：

• The Chinese people have backbone.中国人民有骨气。
• The backbone is an articulate structure.脊椎骨是一种关节相连的结构。

35 treadmill   

n.踏车；单调的工作

参考例句：

• The treadmill has a heart rate monitor.跑步机上有个脉搏监视器。
• Drugs remove man from the treadmill of routine.药物可以使人摆脱日常单调的工作带来的疲劳。

36 witty   

adj.机智的，风趣的

参考例句：

• Her witty remarks added a little salt to the conversation.她的妙语使谈话增添了一些风趣。
• He scored a bull's-eye in their argument with that witty retort.在他们的辩论中他那一句机智的反驳击中了要害。

37 chaste   

adj.贞洁的；有道德的；善良的；简朴的

参考例句：

• Comparatively speaking,I like chaste poetry better.相比较而言，我更喜欢朴实无华的诗。
• Tess was a chaste young girl.苔丝是一个善良的少女。

38 virtues   

美德( virtue的名词复数 )； 德行； 优点； 长处

参考例句：

• Doctors often extol the virtues of eating less fat. 医生常常宣扬少吃脂肪的好处。
• She delivered a homily on the virtues of family life. 她进行了一场家庭生活美德方面的说教。

39 omnipotent   

adj.全能的，万能的

参考例句：

• When we are omnipotent we shall have no more need of science.我们达到万能以后就不需要科学了。
• Money is not omnipotent,but we can't survive without money.金钱不是万能的，但是没有金钱我们却无法生存。

40 qualified   

adj.合格的，有资格的，胜任的，有限制的

参考例句：

• He is qualified as a complete man of letters.他有资格当真正的文学家。
• We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。