Discusses his investments.
Down Farnborough Kent
My dear Sir
I am almost ashamed to write, as you will think me so very capricious; but the present low prices of Guaranteed Railway shares, has put it into my head, that I should act wiser in investing the
Please to observe that sh
My dear Sir | Your's very faithfully | C. Darwin
J. Higgins Esq
- f1 1566.f1During the first few months of 1854 there was much public discussion over the terms of a bill placed before Parliament to regulate the amount of competition between railway companies and to provide rules for the administration of capital obtained from stock and share holders. Holders of ordinary (unguaranteed) stock had found that their dividends were often diminished because the company used the money to finance further building works; debenture holders were, on the other hand, ‘guaranteed’ a certain return, but the railway companies often could not make that sum available. During March and April the price of railway stock fell appreciably (Railway Times 17 (1854): 308–9, 336–7).
- f2 1566.f2See letter to John Higgins, 18 March  and n. 1.
- f3 1566.f3Fear that the influx of gold from Australia and the United States would adversely affect the economy of Britain and his investments was one of CD's ‘Bug-bears’ (see letter to W. D. Fox, 7 March ).
- f4 1566.f4There is an entry in CD's Account book (Down House MS) dated 8 July 1854 recording a payment of £5 5s. to Higgins.
- f5 1566.f5See letter to John Higgins, 5 October .