Extraordinary Popular Delusions and the Madness of Crowds

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Extraordinary Popular Delusions and the Madness of Crowds Page 12

by Charles MacKay


  At last, however, the more prudent began to see that this folly could not last for ever. Rich people no longer bought the flowers to keep them in their gardens, but to sell them again at cent. per cent. profit. It was seen that somebody must lose fearfully in the end. As this conviction spread, prices fell, and never rose again. Confidence was destroyed, and a universal panic seized upon the dealers. A had agreed to purchase ten Sempers Augustines from B, at four thousand florins each, at six weeks after the signing of the contract. B was ready with the flowers at the appointed time; but the price had fallen to three or four hundred florins, and A refused either to pay the difference or receive the tulips. Defaulters were announced day after day in all the towns of Holland. Hundreds who, a few months previously, had begun to doubt that there was such a thing as poverty in the land, suddenly found themselves the possessors of a few bulbs, which nobody would buy, even though they offered them at one quarter of the sums they had paid for them. The cry of distress resounded everywhere, and each man accused his neighbour. The few who had contrived to enrich themselves hid their wealth from the knowledge of their fellow-citizens, and invested it in the English or other funds. Many who, for a brief season, had emerged from the humbler walks of life, were cast back into their original obscurity. Substantial merchants were reduced almost to beggary, and many a representative of a noble line saw the fortunes of his house ruined beyond redemption.

  When the first alarm subsided, the tulip-holders in the several towns held public meetings to devise what measures were best to be taken to restore public credit. It was generally agreed, that deputies should be sent from all parts to Amsterdam, to consult with the government upon some remedy for the evil. The Government at first refused to interfere, but advised the tulip-holders to agree to some plan among themselves. Several meetings were held for this purpose; but no measure could be devised likely to give satisfaction to the deluded people, or repair even a slight portion of the mischief that had been done. The language of complaint and reproach was in everybody’s mouth, and all the meetings were of the most stormy character. At last, however, after much bickering and ill-will, it was agreed, at Amsterdam, by the assembled deputies, that all contracts made in the height of the mania, or prior to the month of November 1636, should be declared null and void, and that, in those made after that date, purchasers should be freed from their engagements, on paying ten per cent. to the vendor. This decision gave no satisfaction. The vendors who had their tulips on hand were, of course, discontented, and those who had pledged themselves to purchase, thought themselves hardly treated. Tulips which had, at one time, been worth six thousand florins, were now to be procured for five hundred; so that the composition of ten per cent. was one hundred florins more than the actual value. Actions for breach of contract were threatened in all the courts of the country; but the latter refused to take cognizance of gambling transactions.

  The matter was finally referred to the Provincial Council at the Hague, and it was confidently expected that the wisdom of this body would invent some measure by which credit should be restored. Expectation was on the stretch for its decision, but it never came. The members continued to deliberate week after week, and at last, after thinking about it for three months, declared that they could offer no final decision until they had more information. They advised, however, that, in the mean time, every vendor should, in the presence of witnesses, offer the tulips in natura to the purchaser for the sums agreed upon. If the latter refused to take them, they might be put up for sale by public auction, and the original contractor held responsible for the difference between the actual and the stipulated price. This was exactly the plan recommended by the deputies, and which was already shown to be of no avail. There was no court in Holland which would enforce payment. The question was raised in Amsterdam, but the judges unanimously refused to interfere, on the ground that debts contracted in gambling were no debts in law.

  Thus the matter rested. To find a remedy was beyond the power of the government. Those who were unlucky enough to have had stores of tulips on hand at the time of the sudden reaction were left to bear their ruin as philosophically as they could; those who had made profits were allowed to keep them; but the commerce of the country suffered a severe shock, from which it was many years ere it recovered.

  The example of the Dutch was imitated to some extent in England. In the year 1636 tulips were publicly sold in the Exchange of London, and the jobbers exerted themselves to the utmost to raise them to the fictitious value they had acquired in Amsterdam. In Paris also the jobbers strove to create a tulipomania. In both cities they only partially succeeded. However, the force of example brought the flowers into great favour, and amongst a certain class of people tulips have ever since been prized more highly than any other flowers of the field. The Dutch are still notorious for their partiality to them, and continue to pay higher prices for them than any other people. As the rich Englishman boasts of his fine race-horses or his old pictures, so does the wealthy Dutchman vaunt him of his tulips.

  In England, in our day, strange as it may appear, a tulip will produce more money than an oak. If one could be found, rara in tetris, and black as the black swan alluded to by Juvenal, its price would equal that of a dozen acres of standing corn. In Scotland, towards the close of the seventeenth century, the highest price for tulips, according to the authority of a writer in the supplement to the third edition of the “Encyclopedia Britannica,” was ten guineas. Their value appears to have diminished from that time till the year 1769, when the two most valuable species in England were the Don Quevedo and the Valentinier, the former of which was worth two guineas and the latter two guineas and a half. These prices appear to have been the minimum. In the year 1800, a common price was fifteen guineas for a single bulb. In 1835, so foolish were the fanciers, that a bulb of the species called the Miss Fanny Kemble was sold by public auction in London for seventy-five pounds. Still more astonishing was the price of a tulip in the possession of a gardener in the King’s Road, Chelsea. In his catalogues, it was labelled at two hundred guineas! Thus a flower, which for beauty and perfume was surpassed by the abundant roses of the garden, – a nosegay of which might be purchased for a penny, – was priced at a sum which would have provided an industrious labourer and his family with food, and clothes, and lodging for six years! Should chickweed and groundsel ever come into fashion, the wealthy would, no doubt, vie with each other in adorning their gardens with them, and paying the most extravagant prices for them. In so doing, they would hardly be more foolish than the admirers of tulips. The common prices for these flowers at the present time vary from five to fifteen guineas, according to the rarity of the species.

  RELICS.

  A fouth o’ auld knick-knackets,

  Rusty airn caps and jinglin’ jackets,

  Wad haud the Lothians three, in tackets,

  A towmond guid;

  An’ parritch pats, and auld saut backets,

  Afore the flood.

  Burns.

  The love for relics is one which will never be eradicated as long as feeling and affection are denizens of the heart. It is a love which is most easily excited in the best and kindliest natures, and which few are callous enough to scoff at. Who would not treasure the lock of hair that once adorned the brow of the faithful wife, now cold in death, or that hung down the neck of a beloved infant, now sleeping under the sward? Not one. They are home-relics, whose sacred worth is intelligible to all; spoils rescued from the devouring grave, which, to the affectionate, are beyond all price. How dear to a forlorn survivor the book over whose pages he has pored with one departed! How much greater its value, if that hand, now cold, had written a thought, an opinion, or a name, upon the leaf! Besides these sweet, domestic relics, there are others, which no one can condemn; relics sanctified by that admiration of greatness and goodness which is akin to love; such as the copy of Montaigne’s Florio, with the name of Shakspeare upon the leaf, written by the poet of all time himself; the chair preserved a
t Antwerp, in which Rubens sat when he painted the immortal “Descent from the Cross;” or the telescope, preserved in the Museum of Florence, which aided Galileo in his sublime discoveries. Who would not look with veneration upon the undoubted arrow of William Tell – the swords of Wallace or of Hampden – or the Bible whose leaves were turned by some stern old father of the faith?

  Thus the principle of reliquism is hallowed and enshrined by love. But from this germ of purity how numerous the progeny of errors and superstitions! Men, in their admiration of the great, and of all that appertained to them, have forgotten that goodness is a component part of true greatness, and have made fools of themselves for the jaw-bone of a saint, the toe-nail of an apostle, the handkerchief a king blew his nose in, or the rope that hanged a criminal. Desiring to rescue some slight token from the graves of their predecessors, they have confounded the famous and the infamous, the renowned and the notorious. Great saints, great sinners; great philosophers, great quacks; great conquerors, great murderers; great ministers, great thieves; each and all have had their admirers, ready to ransack earth, from the equator to either pole, to find a relic of them.

  The reliquism of modern times dates its origin from the centuries immediately preceding the Crusades. The first pilgrims to the Holy Land brought back to Europe thousands of apocryphal relics, in the purchase of which they had expended all their store. The greatest favourite was the wood of the true cross, which, like the oil of the widow, never diminished. It is generally asserted, in the traditions of the Romish Church, that the Empress Helen, the mother of Constantine the Great, first discovered the veritable “true cross” in her pilgrimage to Jerusalem. The Emperor Theodosius made a present of the greater part of it to St. Ambrose, Bishop of Milan, by whom it was studded with precious stones, and deposited in the principal church of that city. It was carried away by the Huns, by whom it was burnt, after they had extracted the valuable jewels it contained. Fragments, purporting to have been cut from it were, in the eleventh and twelfth centuries, to be found in almost every church in Europe, and would, if collected together in one place, have been almost sufficient to have built a cathedral. Happy was the sinner who could get a sight of one of them; happier he who possessed one! To obtain them the greatest dangers were cheerfully braved. They were thought to preserve from all evils, and to cure the most inveterate diseases. Annual pilgrimages were made to the shrines that contained them, and considerable revenues collected from the devotees.

  Next in renown were those precious relics, the tears of the Saviour. By whom and in what manner they were preserved, the pilgrims did not often inquire. Their genuineness was vouched by the Christians of the Holy Land, and that was sufficient. Tears of the Virgin Mary, and tears of St. Peter, were also to be had, carefully enclosed in little caskets, which the pious might wear in their bosoms. After the tears the next most precious relics were drops of the blood of Jesus and the martyrs. Hair and toe-nails were also in great repute, and were sold at extravagant prices. Thousands of pilgrims annually visited Palestine in the eleventh and twelfth centuries, to purchase pretended relics for the home market. The majority of them had no other means of subsistence than the profits thus obtained. Many a nail, cut from the filthy foot of some unscrupulous ecclesiastic, was sold at a diamond’s price, within six months after its severance from its parent toe, upon the supposition that it had once belonged to a saint. Peter’s toes were uncommonly prolific, for there were nails enough in Europe, at the time of the Council of Clermont, to have filled a sack, all of which were devoutly believed to have grown on the sacred feet of that great apostle. Some of them are still shown in the cathedral of Aix-la-Chapelle. The pious come from a distance of a hundred German miles to feast their eyes upon them.

  At Port Royal, in Paris, is kept with great care a thorn, which the priests of that seminary assert to be one of the identical thorns that bound the holy head of the Son of God. How it came there, and by whom it was preserved, has never been explained. This is the famous thorn, celebrated in the long dissensions of the Jansenists and the Molenists, and which worked the miraculous cure upon Mademoiselle Perrier: by merely kissing it, she was cured of a disease of the eyes of long standing. [Voltaire, Siecle de Louis XIV.]

  What traveller is unacquainted with the Santa Scala, or Holy Stairs, at Rome? They were brought from Jerusalem along with the true cross, by the Empress Helen, and were taken from the house which, according to popular tradition, was inhabited by Pontius Pilate. They are said to be the steps which Jesus ascended and descended when brought into the presence of the Roman governor. They are held in the greatest veneration at Rome: it is sacrilegious to walk upon them. The knees of the faithful must alone touch them in ascending or descending, and that only after they have reverentially kissed them.

  Europe still swarms with these religious relics. There is hardly a Roman Catholic church in Spain, Portugal, Italy, France, or Belgium, without one or more of them. Even the poorly endowed churches of the villages boast the possession of miraculous thigh-bones of the innumerable saints of the Romish calendar. Aix-la-Chapelle is proud of the veritable chasse, or thigh-bone of Charlemagne, which cures lameness. Halle has a thighbone of the Virgin Mary; Spain has seven or eight, all said to be undoubted relics. Brussels at one time preserved, and perhaps does now, the teeth of St. Gudule. The faithful, who suffered from the tooth-ache, had only to pray, look at them, and be cured. Some of these holy bones have been buried in different parts of the Continent. After a certain lapse of time, water is said to ooze from them, which soon forms a spring, and cures all the diseases of the faithful. At a church in Halle, there is a famous thigh-bone, which cures barrenness in women. Of this bone, which is under the special superintendence of the Virgin, a pleasant story is related by the incredulous. There resided at Ghent a couple who were blessed with all the riches of this world, but whose happiness was sore troubled by the want of children. Great was the grief of the lady, who was both beautiful and loving, and many her lamentations to her husband. The latter, annoyed by her unceasing sorrow, advised her to make a pilgrimage to the celebrated chasse of the Virgin. She went, was absent a week, and returned with a face all radiant with joy and pleasure. Her lamentations ceased, and, in nine months afterwards, she brought forth a son. But, oh! the instability of human joys! The babe, so long desired and so greatly beloved, survived but a few months. Two years passed over the heads of the disconsolate couple, and no second child appeared to cheer their fire-side. A third year passed away with the same result, and the lady once more began to weep. “Cheer up, my love,” said her husband, “and go to the holy chasse, at Halle; perhaps the Virgin will again listen to your prayers.” The lady took courage at the thought, wiped away her tears, and proceeded on the morrow towards Halle. She was absent only three days, and returned home sad, weeping, and sorrow-stricken. “What is the matter?” said her husband; “is the Virgin unwilling to listen to your prayers?” “The Virgin is willing enough,” said the disconsolate wife, “and will do what she can for me; but I shall never have any more children! The priest! the priest! – He is gone from Halle, and nobody knows where to find him!”

  It is curious to remark the avidity manifested in all ages, and in all countries, to obtain possession of some relic of any persons who have been much spoken of, even for their crimes. When William Longbeard, leader of the populace of London, in the reign of Richard I, was hanged at Smithfield, the utmost eagerness was shown to obtain a hair from his head, or a shred from his garments. Women came from Essex, Kent, Suffolk, Sussex, and all the surrounding counties, to collect the mould at the foot of his gallows. A hair of his beard was believed to preserve from evil spirits, and a piece of his clothes from aches and pains.

 

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