The Consolidator - or, Memoirs of Sundry Transactions from the World in the Moon by Daniel Defoe
page 157 of 219 (71%)
page 157 of 219 (71%)
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Stocks, but got into them at a prodigiously low and despicable Price.
They had no sooner thus worm'd them out of the Trade, and got the greatest part of the Effects in their own Hands, and consequently the whole Management, but they run up the Price of the Funds again as high as ever, and laught at the folly of those that sold out. Nor could the other People make any Reflections upon the honesty of the practice, for it was no Original, but had its birth among the Solunarians themselves, of whom 3 or 4 had frequently made a Trade of raising and lowring the Funds of the Societies by all the Clandestine Contrivances in the World, and had ruin'd abundance of Families to raise their own Fortunes and Estates. One of the greatest Merchants in the Moon rais'd himself by this Method to such a heighth of Wealth, that he left all his Children married to Grandees, Dukes, and Great Folks; and from a Mechanick Original, they are now rankt among the Lunarian Nobility, while multitudes of ruin'd Families helpt to build his Fortune, by sinking under the Knavery of his Contrivance. His Brother in the same Iniquity, being at this time a Man of the Feather, has carry'd on the same intrieguing Trade with all the Face and Front imaginable; it has been nothing with him to persuade his most intimate Friends to Sell, or Buy, just as he had occasion for his own Interest to have it rise, or fall, and so to make his own Market of their Misfortune. Thus he has twice rais'd his Fortunes, for the House of Feathers demolisht him once, and yet he has by the same clandestine Management work'd himself up again. |
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