You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
•<br />
we<br />
226 THE CREATURE FROM JEKYLL ISLAND THE ROTHSCHILD FORMULA 227<br />
At a dinner party in later years, Nathan casually summed up<br />
At least one friendly biographer claims that Nathan's first act<br />
the episode as though it were merely a good piece of routine<br />
was to deliver the news to the Prime Minister, but that government<br />
business. He said:<br />
officials were hesitant at first to believe it, because it ran contrary to<br />
reports they had received<br />
The East India Company had £800,000 worth<br />
previously<br />
of<br />
telling<br />
gold to of<br />
sell. I went<br />
serious British<br />
to the sale and bought it all. I knew the Duke of Wellington must<br />
setbacks. At any rate, there is<br />
have<br />
no doubt that Nathan's second act of<br />
it. The government sent for me and said they must have the gold. I sold<br />
the morning was to set off for the stock exchange to take up a<br />
the gold to them, but they didn't know how to get it to the Duke in<br />
position at his usual pillar.<br />
Portugal. I undertook all that and sent it through France. It was the<br />
All eyes were upon him as he slumped dejectedly, staring at the<br />
best business I have ever done.<br />
floor. Then, he raised his gaze and, with pained expression, began<br />
to sell The whisper<br />
THE BATTLE OF WATERLOO<br />
went through the crowded room, "Nathan is<br />
i selling?"<br />
The final outcome of the battle at Waterloo between<br />
"Nathan is<br />
Wellington<br />
selling*" "Wellington must have lost." "Our<br />
government bonds will<br />
and Napoleon was crucial to Europe both politically and never<br />
economically.<br />
If Napoleon had been victorious, England would have<br />
be repaid/' "Sell them now. Sell. Sell!"<br />
Prices tumbled, and Nathan sold again.<br />
been<br />
Prices plummeted, and<br />
still Nathan sold. Finally, prices<br />
in even greater economic trouble than before. Not only would<br />
collapsed<br />
she<br />
altogether and, in one<br />
quick move, Nathan reversed his call<br />
have lost international power and prestige, but even at home,<br />
and<br />
her<br />
purchased the entire<br />
market in government bonds. In a matter<br />
subjects would have been further disgruntled over<br />
of just<br />
such<br />
a<br />
great<br />
few hours, he<br />
had acquired the dominant holding of England's entire<br />
personal and financial wartime sacrifices. Her defeat almost surely<br />
debt at but<br />
a tiny fraction of its worth.<br />
would have resulted in not being able to repay the great amounts<br />
she had borrowed to conduct the war. In the London stock SIDONIA<br />
exchange, therefore, where British government bonds were traded<br />
Benjamin Disraeli, the Prime Minister of England, wrote a book<br />
in<br />
along with other securities, everyone waited anxiously for news of<br />
1844 called Coningsby. It was a political novel in which the author<br />
the outcome.<br />
expressed his views about contemporary issues. One of the strong<br />
It was well known that the Rothschilds had developed a private<br />
characters in the book was a financier named Sidonia, but every<br />
detail<br />
courier service that was used, not only to transport gold and other<br />
of Sidonia's actions was an exact replica of the real Lord<br />
Rothschild,<br />
tangible cargo, but to rapidly move information that could be useful<br />
whom Disraeli greatly admired. In the guise of a novel,<br />
we read<br />
in making investment decisions. It was<br />
about<br />
expected, therefore, that<br />
Rothschild's emigration from Germany, his family<br />
and banking ties<br />
Nathan in London would be the first to know the name of the victor<br />
throughout Europe, his handling of the gold for<br />
Wellington, and his financial<br />
after the cannon smoke had cleared from the battlefield. And they<br />
coup after Waterloo. Then Disraeli<br />
wrote:<br />
were not to be disappointed. The first news of Wellington's victory<br />
arrived in Brussels around midnight on June 18, 1815, where a<br />
Europe did require money, and Sidonia was ready to lend it to<br />
Rothschild agent named Rothworth was waiting in readiness. He<br />
Europe. France wanted some; Austria more; Prussia a little; Russia a<br />
few<br />
immediately mounted a fresh horse and set off for the port of<br />
millions. Sidonia could furnish them all....<br />
It is not difficult to<br />
Ostend where a boat was standing by to speed him across the<br />
conceive that, after having pursued the career<br />
have intimated for about ten years, Sidonia had<br />
channel to London. In the early hours of June 20, the exhausted<br />
become one of the<br />
messenger was pounding on Nathan's door, a full twenty-four<br />
* The New York Times, in its April 1, 1915, edition, reported that Baron Nathan<br />
hours before Wellington's own courier, Major Henry Percy,<br />
Mayer de Rothschild had attempted to secure a court order to suppress a book<br />
vvntten by Ignatious Balla entitled<br />
arrived.<br />
The Romance of the Rothschilds on the grounds that<br />
£e Waterloo story about his grandfather was untrue and libelous. The court ruled<br />
pt the story was true, dismissed the suit, and ordered Rothschild to pay all court<br />
1. Morton, p. 45. costs. r J