memories of earlier bubbles. "One projector set up a company to profit from a wheel for perpetual motion. Another projector proposed "A company for carrying on an undertaking of great advantage, but nobody to know what it is." "Next morning, at nine o'clock, this great man opened an office in Cornhill. Crowds of people beset his door, and when be shut up at three o'clock, he found that no less than one thousand shares had been subscribed for, and the deposits paid. He was thus, in five hours, the winner of 2000 pounds. He set off the same evening for the Continent. He was never heard of again."
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
