Limited Liability Poem Rhyme Scheme and Analysis

Rhyme Scheme: ABACDEDEFFGEEG HIHJEEEEKKLFFL MLMLFFFFDDFFFF

Some seven men form an AssociationA
If possible all Peers and BaronetsB
They start off with a public declarationA
To what extent they mean to pay their debtsC
That's called their Capital if they are waryD
They will not quote it at a sum immenseE
The figure's immaterial it may varyD
From eighteen million down to eighteenpenceE
I should put it rather lowF
The good sense of doing soF
Will be evident at once to any debtorG
When it's left to you to sayE
What amount you mean to payE
Why the lower you can put it at the betterG
-
They then proceed to trade with all who'll trust 'emH
Quite irrespective of their capitalI
It's shady but it's sanctified by customH
Bank Railway Loan or Panama CanalJ
You can't embark on trading too tremendousE
It's strictly fair and based on common senseE
If you succeed your profits are stupendousE
And if you fail pop goes your eighteenpenceE
Make the money spinner spinK
For you only stand to winK
And you'll never with dishonesty be twittedL
For nobody can knowF
To a million or soF
To what extent your capital's committedL
-
If you come to grief and creditors are cravingM
For nothing that is planned by mortal headL
Is certain in this Vale of Sorrow savingM
That one's Liability is LimitedL
Do you suppose that signifies perditionF
If so you're but a monetary dunceF
You merely file a Winding Up PetitionF
And start another Company at onceF
Though a Rothschild you may beD
In your own capacityD
As a Company you've come to utter sorrowF
But the Liquidators sayF
Never mind you needn't payF
So you start another Company to morrowF

William Schwenck Gilbert



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SJPBrooklyn: Utopia, Limited was one of Gilbert & Sullivan's least successful operas, and for good reason. It's long-winded, even more contrived than their earlier works, and not terribly interesting. The plot, such as it is, revolves around the intention of the backward king of an ocean paradise to re-make his country in England's image. Still, it contains two first-rate musical numbers: this "explanation" by a financial promoter of how limited liability works (hence the opera's title), and the "minstrel song," in which the king and his British consultants explain to the audience how "this happy country has been Anglicized completely." It is called the minstrel song because a practical joke on the king turns the Court of St. James (a metaphor for British royalty and their entourage) into St. James's Hall, a popular London music hall that was also home to the Christy Minstrels. The latter group, founded mid-nineteenth century, performed in blackface, which would not be tolerated in today's theater. Modern performances of this song usually involve silly behaviors, often with tambourines, evocative of Monty Python routines.
 

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