"This raised Mr. Law's fame to the pitch it is now at, and set him above the power of all his enemies. From thence he grounded his Mississippi project, got it filled up, joined it to the East-India Company; undertook the whole coinage, embraced several other projects, as a Royal fishery, the Tobacco farm, and at last the trade to Norway for naval stores, deals, timber, &c. "It is true that a stock advanced to 2000 _per cent._ may undertake any thing; but depend upon it, a stock advanced to 2000 _per cent._ upon no foundation, must at last come to nothing, and the only use is to raise estates upon the first advance of it; and perhaps it may appear at last, that the imaginary value of the stock declining in the humours of the times, it will by no means be able to support itself, which, whenever it happens, blows it up all at once." Such were the prophetic reasonings of our observer, which the event fully justified by the ruin of thousands in England. To authenticate this assertion, I shall present the reader a succession of paragraphs from the Newspapers, pointing out the ramifications from the parent _stock_, and the facility with which the publick were imposed upon. "Here has been the oddest bite put upon the Town that ever was heard of. We having of late had several new subscriptions set on foot, for raising great sums of money for erecting Offices of Insurance, &c.; at length, some gentlemen, to convince the world how easy it was for projectors to impose upon mankind, set up a pretended office in Exchange-alley, for the receiving subscriptions for raising a million of money to establish an _effectual_ Company of Insurers as they called it. Upon which, the day being come to subscribe, the people flocked in, and paid down 5_s._ for every 1000_l._ they subscribed, pursuant to the Company's proposals; but, after some hundreds had so subscribed (that the thing might be fully known), the gentlemen were at the expence to advertise, that the people might have their money again without any deductions; and to let them know that the persons who paid in their money, contented themselves with a fictitious name, set by an unknown hand to the receipts delivered out for the money so paid in; and that the said name was composed only of the first letters of six persons names concerned in the said publication." Weekly Packet, January 2, 1719-20.