Here and There in London

As regards small people outside like ourselves, the functions of the Stock Exchange are soon fulfilled. I have worked hard – I have saved a few hundreds – I want to invest them – I call upon a stock-broker – they are (I mean nothing offensive by the comparison) as thick as thieves in this neighbourhood. I commission him to buy me a certain number of shares in such and such a company. My broker rushes into the Exchange, goes to the particular spot where the dealer in such shares is to be met with, and buys them for me, to be delivered on such a day. I pay him a commission for brokerage, and my business is done. Suppose I want to buy government stock. What is stock? says one, unhappily, in consequence of his own laziness and ill-luck, or of the laziness and ill-luck of his fathers before him, not a holder of such. Stock, O benighted individual, is a term applied to the various funds which constitute the National Debt, the interest on which is paid half-yearly. Few persons buy or sell stock except through a broker, and this is the original business of the stockbroker, and it was for this the Stock Exchange was erected in 1803. It is only since the peace that the present immense traffic has sprung up in miscellaneous and railway shares. Let me suppose I have a thousand pounds to invest in the Three per Cents., which are now quoted at about 96. I wait on a stockbroker; he goes over to the Exchange and purchases them for me, and then sees to their transfer in the Bank of England, receiving as his commission one eighth per cent., or 2s. 6d. in the £100 upon the amount of stock transferred. But I am of a speculative turn, and wish to make a fortune rapidly by means of the Stock Exchange. I again have recourse to a broker. As I assume that I am a mere gambler – a man of straw – I stand to lose or gain a large sum of money on a certain contingency. I draw a blank, and leave my broker in the lurch, who has to settle his accounts as best he can. If he cannot pay by half-past two on the day of settlement, which in shares is once a fortnight, and in consols monthly, he despatches a short communication to the committee of the Stock Exchange; an official then suddenly gives three loud knocks with a mallet, and announces the unpleasant fact that my broker is unable to meet his engagements. He is termed a lame duck, and cannot again figure on the Exchange till he pays a composition of 6s. 8d. in the pound. The readmission of defaulters is in three classes. The first class to be for cases of failure arising from the defection of principals, or from other unfortunate vicissitudes, where no bad faith or breach of the regulations of the house has been practised; where the operations have been in reasonable proportion to the defaulter’s means or resources; and where his general character has been irreproachable. The second class, for cases marked by indiscretion, and by the absence of reasonable caution only, or by conduct reprehensible in other respects. The third class for cases where the defaulter is ineligible under either of the former classes, but whom, nevertheless, the committee may not feel warranted in excluding from the Stock Exchange. The final decision of the committee on each defaulter’s application will be notified to the members in the usual way, and remain posted in the Stock Exchange for forty days. Stockbrokers rarely go into the Bankruptcy Court, as the house appoints assignees, and settles the affair in a much easier way. Lame ducks are not always ruined in purse. I knew one who waddled off the Stock Exchange, he having been a speculator on his own account, and thus evaded the payment of rather a heavy sum. I met him at Brighton this summer, living in one of the best houses in Kemp-town.

Stock-brokers are very facetious fellows, and amuse their leisure hours in many ways, such as tossing for halfcrowns in a hat, and practical jokes; occasionally a good deal of small wit passes current. I have heard of an almanac, circulated in MS., in which the various peculiarities of individual members of the Exchange were very cleverly hit off. A late Exchange wit has given birth to the following jeu d’esprit, which has attained a wide-spread popularity in the City: —

“When the market takes a rise,Then the public comes and buys;But when they want to realise,      Oh! it’s ‘Oop de doodum doo!’”

When the government broker appears to operate on behalf of the Commissioners, for the Reduction of the National Debt he mounts into a “box,” and is surrounded by a clamorous host, all eager to buy or sell.

The present number of members of the Stock Exchange approaches nearly 800, each paying a subscription of £10 per annum, besides finding securities for between £800 and £900 for three years. Our stockbroker generally spends his money freely. If he is a married man he has a nice villa at Norwood or Clapham, and affects a stylish appearance. Then there are the “jobbers,” who remain inside the stock market, waiting for the broker, and who are prepared, immediately he appears, to make a price at which they are either buyers or sellers – the jobber calculating upon making it right with the broker, who has undertaken an operation the reverse of his own. Occasionally the jobber runs considerable risk, since, after concluding a bargain, and while endeavouring to obtain a profit on it, the market may turn. Still he is a useful middle-man, and saves the broker a world of trouble.

But there is much business transacted which is less legitimate, and is known as time bargains, which are bargains to deliver stock on certain days at a certain price, the seller, of course, hoping that the price will fall, and the buyer, that it will rise when the period for completing the bargain has arrived. The speculative settlement is effected without making full payment for stock; the losing party simply pays the difference. One who speculates for a rise is a Bull (it is said the great Rothschild made a vast deal of money in this way), the speculator for a fall is a Bear. Continuation is the interest on money lent on the security of stock. A great deal of business is done in this way. A merchant, or a railway company, or a bank, have large sums of money to dispose of. Instead of locking it up they employ a broker, who lends it on certain securities, for a few days or a few weeks. Operations on the Stock Exchange answer in this way, but the small tradesman, or clerk, or professional man who ventures within the charmed circle of Capel-court for the purpose of speculation, generally learns bitterly to rue the day.

THE LONDON HOSPITAL

I am walking along the streets, and in doing so pass a scaffolding where some new buildings are being erected. Suddenly I hear a shriek, and see a small crowd collected. A beery Milesian, ascending a ladder with a hod of mortar, slips and falls on the pavement below. He is a stranger in London, has no friends, no money, scarcely any acquaintance. “What’s his name?” we ask. “He ain’t got no name,” says one of his mates; “we calls him Carroty Bill.” What’s to be done? Why, take him to the hospital. The police fetch a stretcher. “Carroty Bill” is raised on it, and a small procession is formed. It swells as it goes along. The idle street population joins. We form one. A medical student is in the rear; he meets a chum, and exclaims exultingly, “They are taking him to our hospital.” The chum turns back, and the door is reached; admittance is easy. Happily, the place is not a Government establishment, and patients are received whilst there is hope. Poor “Carroty Bill,” bruised and bleeding, yet stupid with drink, is examined carefully by the attendant surgeons. It is of no use asking him what’s the matter; his expressions, never very direct or refined, are now very muddy, and not a little coarse. A careful diagnosis reveals the extent of the injuries received. All that science can do for him is done. If he is taken as an inmate he will have as good nursing and food, and as skilful care and as unremitting attention, as if he were a prince of royal blood. Wonderful places are these hospitals. If Sawney, subject to an unpleasant sensation on the epidermis, blesses the memory of the good duke who erected on his broad domain convenient posts, let us bless a thousandfold the memory of Rahere, who obtained from Henry I. a piece of waste ground, upon which he built a hospital (now known as St. Bartholomew’s) for a master, brethren, and sisters, sick persons, and pregnant women; or of Thomas Guy, son of a lighterman in Horsleydown; but himself a bookseller in Lombard-street after the Great Fire; or of the nameless Prior of Bermondsey, who founded, adjoining the wall of his monastery, a house of alms, now known as St. Thomas’s Hospital. Likewise let us thankfully record the gifts of the rich, of whose liberality such hospitals as those of King’s, and University, and Westminster, and the London, and St. George’s, are the magnificent results.

Now let us return to our friend Carroty Bill. As we have intimated, he is in the ward appropriated to such cases. One of the professors is now going his round, accompanied by his students. Let us go in. The first thing that strikes us is the size, and cleanliness, and convenience of the wards; how comfortable they are, how light, how cheerful, how lofty, and well ventilated! Each patient is stretched on a clean bed, and at the top are pinned the particulars of his case, and on a chair by his side are the few little necessaries he requires. The practised physician soon detects the disease and the remedies. His pupils are examined; the patient forms the subject of a hasty lecture. One is asked what he would do, another what disease such and such a symptom denotes; a word is whispered to the nurse; the sick man, whose wistful eye hangs on every movement, is bid to keep up his spirits, and he feels all the more confident and the better fitted to struggle back to health for the few short words of the professor, to whom rich men pay enormous fees, and whose fame perhaps extends over the habitable globe. And so we pass on from bed to bed. Occasionally the professor extracts a moral. This man is dying of gin. “How much did you take a day?” – “Only a quartern.” – “And for how many years?” – “Seven.” The professor shakes his head – the students know that the man is past cure, that death is only a question of time. A similar process is gone through on the women’s ride, and anxiously do sad eyes follow the little group as the professor and students pass on, in their best way mitigating human agony, and bidding the downcast hope. What tales might be told! Here lies down the prodigal to die; here the village maid hides her shame beneath the dark wings of death. Under these hospital walls – reared and maintained by Christian charity, what men once proud, and rich, and great – what women once tenderly nursed and slavishly obeyed – what beauties once fondly caressed, old, withered, wan, without money and without friends, alone in the bleak, bitter world – linger and pass away for ever.

Let us go down stairs, along that long passage through which eager students are hurrying. The door opens, and we find ourselves in a theatre, as full as it can possibly be of the future surgeons of England, now very rough and noisy. At the bottom, far beneath us, is a small space with a long narrow table, covered with oilskin; behind the table is a door. That door opens, and one or two of the élite of the students known as dressers enter. A matronly female, dressed in the hospital garb, follows; some stout porters bring in a poor creature gently, and place him on the table, and a few professors and professional assistants fill up the group; the noisy students are still and eager. The professor advances to the table, in a few words explains the nature of the malady, and the patient, more dead than alive, endeavours to nerve himself for his impending fate. It is our old friend; his leg is smashed and requires amputation. An assistant administers chloroform, while the operator looks on, watch in hand. In a few seconds it is clear the patient is insensible, and the knife is handed to the operator, who, with his arm bare, and his sleeves tucked up, commences his painful task. Up squirts the red blood, and many a pale face and averted eye around testify how painful the exhibition is to those who are not accustomed to it. Happily, the medical men near have the calm composure and readiness of resource true science suggests. The first incision made, and the skin peeled around, an assistant hands a saw, and in the twinkling of an eye the limb is severed, and the stump, bleeding and smoking, is being sewn up by skilful hands almost before the poor fellow wakes up, wearied and exhausted by loss of blood, from what must have been to him, if we may judge by his moans and exclamations, a terrible dream. As soon as possible he is borne away, the blood is sponged up, the table wiped down; and another patient, it may be a pale-faced girl or a little boy suffering from some fatal malformation, succeeds. All that humanity can suggest is resorted to. Here science loses her stern aspects, and beats with a woman’s tenderness and love; and not in vain, for from that table rise, who otherwise would have painfully perished, many to bless their families, it may be the world. But all is over, and we follow the crowd out, avoiding that other passage leading to the dissecting-room, where on many a table lie the mangled forms of what were once men and women, in all stages of dissection and decay, with students hard at work on them, painfully gathering or seeking to gather a clue to the mystery of mysteries we call life. Possibly by the fire-place some half-dozen young fellows will be smoking and drinking beer. But why note the contrast? Out of the dissecting-room, beyond the narrow precincts of the hospital, masked in gay clothes, with faces all red with paint and wrinkled with idiotic leer, stand side by side the living and the dead.

The principal London Hospitals are the following: – 1. St. Bartholomew’s Hospital, in West Smithfield, first founded in the twelfth century, and refounded by Henry VIII. in 1546. The building, a spacious quadrangular structure, is principally modern, having been finished in 1770. It makes up 580 beds. In 1848,71,573 were relieved by this hospital, viz., 5,826 inpatients, 19,149 out-patients, and 46,598 casual ditto. Necessity is the only recommendation to this institution; and patients are received without limitation. The medical staff is equal to any in the metropolis. The staircase was gratuitously painted by Hogarth. 2. Guy’s Hospital, St. Thomas’s Street, Southwark, founded in 1721, contains accommodation for 580 in-patients, and has an excellent museum and theatre of anatomy. This magnificent hospital, which consists of two quadrangles and two wings, was founded and endowed by Thomas Guy, a bookseller, who expended £18,793 upon the building, and left £219,419 for its endowment – the largest sum, perhaps, that has ever been expended by any individual on similar purposes. Recently, however, Guy’s Hospital has met with another benefactor, but little inferior, in point of liberality, to its founder; a citizen, of the name of Thomas Hunt, having bequeathed to it, in 1829, the princely sum of £200,000! The medical school attached to this hospital, while under the superintendence of the late Sir Astley Cooper, was one of the most extensive, and probably, also, the best in the empire. 3. St. Thomas’s Hospital, in High Street, Borough, was formed out of two other charities by Edward VI., and rebuilt in 1693. Additions were made in 1732, and a large part was rebuilt in 1836. It contains 18 wards, and 428 beds. It has an income of about £25,000 a year, derived almost wholly from rents of estates in London and the country. 4. St. George’s Hospital, near Hyde Park Corner, lately rebuilt, has a fine front, 200 feet in length, facing the Green Park. It accommodates 460 in-patients. 5. The Middlesex Hospital, near Oxford Street, founded in 1745, has 285 beds, and relieves numerous out-patients. 6. London Hospital, in Whitechapel, was founded in 1740. Its wards accommodate about 250 patients. 7. Westminster Hospital, rebuilt in 1833, near the Abbey, has 174 beds; but three wards, containing space for fifty additional beds, are unfurnished, notwithstanding there is a great demand for hospital accommodation. 8. The Marylebone and Paddington Hospital, opened in 1850, has 150 beds, which it is proposed to increase to 376, supposing the necessary funds to be forthcoming. This, and the four last mentioned hospitals, depend wholly, or almost wholly, on voluntary subscriptions, which are said to be very insufficient to meet the demands upon them. The University College and King’s College Hospitals, and Charing Cross Hospital, are smaller establishments of the same nature, each accommodating about 120 patients, and there are other establishments of the same description. Medical schools are connected with the above hospitals, in which lectures are delivered by the officers, and which are attended by several hundreds of students. Within the last few years the number of medical students has considerably decreased.

PORTLAND PLACE

The worst effects of drunkenness are, perhaps, after all, its indirect ones. It is a sad sight to see man stricken down in his prime, and woman in her beauty; to see individuals’ hopes and prospects blighted; to see in that carcase staggering by the utter wreck and ruin of an immortal soul. But this is but a small portion of the damage done to humanity by the ravages of intemperance. Look at our great social evil. I need not name it. No one who walks the streets of London by night requires to be informed what that is. Has drink nothing to do with it? Ask that unfortunate, who has just commenced her evening’s walk. She will tell you that when she parted with her innocence she had previously been drugged with drink; that if it were not for drink she could not pursue her unhallowed career; that her victims are stimulated by drink; and that without the gin-palace or the public-house she and such as she could not exist. I do not now speak of the worst forms of prostitution, of the gin-palaces in the East frequented by drunken sailors, where women are kept as a source of attraction and revenue; but of the better classes, of the dashing women who are supplied with expensive dresses by respectable Oxford-street tradesmen in the expectation of being paid by some rich victim; the women whom you meet dressed so gay in Regent-street or Portland-place.

Once upon a time there was a rascally old nobleman who lived in a big house in Piccadilly. Mr. Raikes describes him as “a little sharp-looking man, very irritable, and swore like 10,000 troopers, enormously rich, and very selfish.” He sat all day long at a low window, leering at beauty as it passed by, and under his window was a groom waiting on horseback to carry his messages to any one whom he remarked in the street. If one did not know that we lived in a highly moral age, one would fancy many such old noblemen lived in the neighbourhood of Portland-place, for in the streets leading thence, and reaching as far back as Tottenham-court-road, we have an immense female population, all existing and centred there, who live by vicious means – all with the common feeling of their sex rooted out and destroyed; all intended by nature to diffuse happiness around; all a curse on all with whom they have to do. In this small circle, there is enough vicious leaven to leaven all London. It is impossible to get a true estimate of their number. Guesses of all kinds have been made, but none are exactly to be depended on. In a great capital like ours, where wealthy sensualists can and do pay enormous sums for the gratification of their whims – (I have seen it stated that on one occasion a gentleman went into a house in Norton-street with a £500 bank-note, and after staying a few hours received but £20 change) – it is not alone the professedly vicious – the class whom we call prostitutes – who prostitute themselves. As fine shops are pointed out in fashionable streets, which are said to be houses of the most infamous description, in spite of the display of lace and millinery in the window, so there are thousands of women, supposed to be respectable, and to live in a respectable manner, who yet are to all intents and purposes prostitutes, though they would not be classified as such. Now the number of this latter class is much exaggerated. Towards the close of the last century, when the population of London amounted to about a million, Dr. Colquhoun, magistrate of the Thames Police, asserted the number of prostitutes to be at least 50,000. If prostitution has followed the same ratio of increase as the population, the number now must be considered as truly appalling. But evidently the Doctor’s estimate is exaggerated. At a period much nearer to our own, Mr. Chadwick puts down the number, excluding the City, at 7,000; Mr. Mayne, at from 8,000 to 10,000. The City Police estimates the number at 8,000, and this estimate is supported by Dr. Ryan, and Mr. Talbot, secretary to the Association formed in London for the protection of young girls. This is a very high figure; but a recent French writer tells us that in London, in the higher ranks of life, the proportion of vicious women to virtuous are as one to three! and in the lower ranks virtue does not exist at all!!! At any rate, there is reason to believe that in London there are 5,000 infamous houses. If besides we reckon up the procuresses, the keepers of low gin-palaces and beer-shops, where women are the bait, we are lost and bewildered, and dare not trust ourselves to give in numbers any idea of the persons directly and indirectly connected with prostitution, or of the sum spent annually in London on that vice alone. And all this is carried on in the most methodical way. There are men and women whose constant employment is to search all parts of the metropolis for fresh victims; and to them young girls from the country and servant maids-of-all-work are easy prey. Then letters are written and sent to the clubs and to the patrons of such infamy, and they are furnished with all the particulars, and the price of the victim’s willing or unwilling seduction and shame. This state of things is progressive. Last year the returns of the City missionaries show an increase in their districts of fallen women to the number of 1,035. Of course it is only with the dregs that the City missionary comes in contact. While a woman preserves her health, and youth, and good looks, she lives in better quarters than those into which the City missionary generally finds his way. For a time she is gay; she dresses fine, spends money freely, drinks, and sings, and then prematurely becomes old, and sad, and poor.

Is this ever to be so? Is woman always to sell herself to man? And is man to dream that the smile thus bought is no lie, but a precious truth? I don’t suppose that if men were temperate universal chastity would be the result; but that we should have less immorality is, I think, an admitted fact. Why are women, prostitutes? Chiefly, we are told, because of poverty; and of all causes of poverty, is not intemperance the greatest? Would you see how one vice is connected with another? Come up Portland-place at night. True, there are no public-houses here, but they are plentiful enough in the neighbourhood; and in them all night the men and painted women from Portland-place madden themselves with drink. Yes, here are the women that should have been British wives and mothers utterly perverted, and dragging down with them many a heart that might have emerged into a noble life. Lust and intemperance have slain them. “Lost, lost, lost for ever!” is the cry that greets us as we look at them.

An association has been formed in this neighbourhood to wipe away this plague spot. In their report, the committee state, when the movement commenced, which issued in the establishment of the association at the close of 1857, the condition of the districts (All Souls and Trinity), comprising the streets lying immediately to the eastward of Portland-place, was perfectly appalling. It was then calculated that in those streets there were not less than 140 notorious houses of ill-fame, containing from six to ten fallen women each, which fearful array of prostitution was swelled by a large number of young women, lodging in the districts, who were known to be gaining their livelihood nominally by working for shops, but principally by the means of night prostitution. One natural result of this dense aggregation of depravity in a narrow spot was the front of insolent and shameless defiance which vice had put on. Indecent exhibitions in broad day from the windows of these houses, utterances the most revolting, that startled and shocked the ear of the passenger who had unwarily penetrated these haunts of infamy, together with the outrageous conduct of the unhappy children of shame, who even before the shades of night had fallen were wont to come forth in hundreds upon the pavements of Portland-place and Regent-street, seemed to indicate a determination that no vestige of respectability should be suffered to linger in a neighbourhood which not thirty years before was as pure and as much resorted to as any of the most favoured districts of western London. The keepers of these houses were many of them foreigners; some were known to the police as determined forgers, gamblers, and thieves. Others, indeed the principal part, were females grown old in the path of depravity, in whose bosom every spark of womanly tenderness had become quenched; who could treat, indeed, with a show of kindness the unhappy girls they had enticed to their doors, so long as they were able to satisfy their exorbitant demands, but who did not hesitate to cast them out into a deeper degradation, or utter destitution, the moment a decay of their attractions or ill health had disabled them from paying the extravagant charges for their hired rooms and dresses. Riotous and brutal outrages were constantly taking place in these houses, and evidence that crimes of violence and sensuality of the darkest type had been enacted in them came to light. It was, moreover, ascertained that among those wretched traders in sin were those who had embarked in a still more repulsive branch of their guilty trade, and were making large gains by turning their houses into receptacles for young unfallen girls imported from abroad, who were sold over from time to time to the neighbouring brothel keepers. Such was the awful moral pestilence which, up to that time, was raging unchecked, and year by year it was rapidly enlarging the area of its ravages.