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The Consolidator - or, Memoirs of Sundry Transactions from the World in the Moon by Daniel Defoe
page 154 of 219 (70%)

They call'd all their Cash out of the Solunarian Bank; and as the Act
of the Cortez confirming the Bank then in being seem'd to be their
Support, they made it plain that Cash and Credit will make a Bank
without a publick Settlement of Law; and without these all the Laws
in the Moon will never be able to support it.

They brought all their running Cash into one Bank, and settled a
sub-Cash depending upon the Grand-Bank in every Province of the
Kingdom; in which, by a strict Correspondence and crediting their
Bills, they might be able to settle a Paper Credit over the whole
Nation.

They went on to settle themselves in all sorts of Trade in open
Companies, and sold off their Interests in the publick Stocks then in
Trade.

If the Government wanted a Million of Mony upon any Emergency, they
were ready to lend it as a Body, not by different Sums and private
Hands blended together with their Enemies, but as will appear at
large presently, it was only Crolian Mony, and pass'd as such.

Nor were the Consequences of this New Model less considerable than
the Proposer expected, for the Crolians being generally of the
Trading Manufacturing part of the World, and very Rich; the influence
this method had upon the common People, upon Trade, and upon the
Publick was very considerable every way.

1. All the Solunarian Trades-Men and Shop-keepers were at their Wits
end, they sat in their Shops and had little or nothing to do, while
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