The ups and downs of silk, cotton, and stocks syncopated with serialized novels in the late-nineteenth-century Arabic press: Time itself was changing. Novels of debt, dissimulation, and risk begin to appear in Arabic at a moment when France and Britain were unseating the Ottoman legacy in Beirut, Cairo, and beyond. Amid booms and crashes, serialized Arabic fiction and finance at once tell the other's story.While scholars of Arabic often write of a Nahdah, a sense of renaissance, Fictitious Capital argues instead that we read the trope of Nahdah as Walter Benjamin might have, as "one of the monuments of the bourgeoisie that [are] already in ruins." Financial speculation engendered an anxious mixture of hope and fear formally expressed in the mingling of financial news and serialized novels in such Arabic journals as Al-JinA n, Al-Muqtataf, and Al-HilA l. Holt recasts the historiography of the Nahdah, showing its sense of rise and renaissance to be a utopian, imperially mediated narrative of capital that encrypted its inevitable counterpart, capital flight.
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Fictitious Capital
Fictitious Capital
s i l k ,c o t t o n ,a n dt h er i s eo ft h ea r a b i cn o v e l
Elizabeth M. Holt
f o r d h a m u n i v e r s i t y p r e s s
New York 2 0 1 7
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Library of Congress CataloginginPublication Data
Names: Holt, Elizabeth M. author. Title: Fictitious capital : silk, cotton, and the rise of the Arabic novel / Elizabeth M. Holt. Description: First edition. | New York : Fordham University Press,2017. | Includes bibliographical references and index. Identifiers: LCCN2016058727| ISBN9780823276028(cloth : alk. paper) | ISBN 9780823276035(pbk. : alk. paper) Subjects: LCSH: Serialized fiction—Lebanon—History and criticism. | Serialized fiction— Egypt—History and criticism. | Arabic fiction—19th century—History and criticism. | Literature publishing—Economic aspects—Lebanon—History—19th century. | Literature publishing—Economic aspects—Egypt—History—19th century. Classification: LCC PJ8082.H652017| DDC892.7/3509—dc23 LC record available at https://lccn.loc.gov/2016058727
Printed in the United States of America
19181754321
First edition
For Hadley and Sasha, and for Jason
c o n t e n t s
Acknowledgments Note on Transliteration Introduction 1the Garden: Serialized Arabic Fiction. In and Its Reading Public—Beirut,18702a Butterfly Stirring within a Chrysalis:. Like Salīm alBustānī, Yūsuf alShalfūn, and the Remainder to Come
3of Capital in. Fictions 1870s and1880s Beirut 4the. Mourning Nahḍah: From Beirut to Cairo, after Midnight 5Literary Supplements, Second Editions,. Of and the Lottery: The Rise of JurjīZaydān
6Was Cotton Money Now: Novel Material. It in YaʿqūbṢarrūf’s TurnoftheTwentiethCentury Cairo Coda
Notes Bibliography Index
ix xiii 1
18
40 64
85
105
119 136
139 165 175
A c k n o w l e d g m e n t s
Many institutions, colleagues, friends, and loving family members have been instrumental in the process of bringing this book to publication. I am grateful to Bard College for its generous support of my research since I joined its faculty in2008. I thank the National Endowment for the Humanities for funding research for chapters4and5while I was a fellow at the American Research Center in Egypt. The Ameri can University of Beirut’s Center for Arab and Middle East Studies graciously hosted me while I was researching the earlier chapters of the book. I first discovered the journalAlJinānthe heart of this at manuscript while I was in Cairo on a Fulbright IIE grant, and for that I am also grateful. At Fordham University Press, I am especially appreciative of every thing Tom Lay, Tim Roberts, Susan Murray, and Katie Sweeney have done to produce this book. Earlier versions of work included inFictitious Capitalpre were sented at several Middle East Studies Association conferences, annual meetings of the American Comparative Literature Association, the Tufts Seeds of Revolution Symposium, the American University of Beirut’s150Years conference, the Westfälische WilhelmsUniversität Münster conference on Arab Media, the Columbia Arabic Stud ies Seminar, the Teaching Arab Intellectual Thought conference at Columbia University, the Migration, Diaspora, Exile, and Estrange ment conference at Columbia University, the speaker series of the Department of Near Eastern Studies at Cornell, and the American Research Center in Egypt. Portions of chapters1,2, and5in an earlier form in appeared “From Gardens of Knowledge to Ezbekiyya after Midnight: The Novel and the Arabic Press from Beirut to Cairo,1870–1892”; in “Author ing theNahda: Writing the Arabic19th Century,” a special issue of .