Back in 1852, President James Buchanan wrote to future president Franklin Pierce that "the host of contractors, speculators, stockjobbers
and lobby members which haunt the halls of Congress .
At a farm near Godalming, Surrey, he meets an intelligent farmer who cannot discern why the landlords were in favor of a system which would eventually deprive them of rents; he "wondered why the Lowthers, that were the owners of so many farms, should be for a system which was so manifestly taking away the estates of the landlords and the capital of the farmers, and giving them to Jews, loan-jobbers, stockjobbers
, placemen, pensioners, sinecure people, and people of the 'dead weight.
Across the Mersey at Knowsley, Derby never held foreign bonds; detested alleged stockjobbers
like Decazes, when French premier, whom otherwise he approved; had some Indian stock, but sold it as too risky; and let his hair down only with some home railway debentures of the highest rating.