However, by this time the end of that company was in sight. The stock went into a tail-spin, partly, without doubt, the result of inspired profit-taking by those inside and at the top. By September it was down to £175, by December to £124. Heroic efforts, rhetorical and otherwise, were made to sustain and revive confidence, including an appeal for help to the newly formed Bank of England. Eventually, with some support from the government, shares leveled off at around £140, approximately one-seventh of their peak value. As before and later, once the crash comes, it overrides all efforts to
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