Chronicles and characters of the stock exchangeFrancis, John, of the Bank of England
History
Chronicles and characters of the stock exchange
Francis, John, of the Bank of England
Speculation; Stock Exchange (London, England)
Again, had it been a private club, or society of men, acting one
among another,—had the cheats, the frauds, and the tricks they
made use of, in which the English rogue was a fool to them, being
practised upon themselves only, and, like gamesters at a public
board, they had only played with those that came there to play with
them; in this case, also, I should have held my tongue, and only put
them in mind of an old song, every stanza of which chimed in with,
“Tantararara, rogues all, rogues all.”
But when we find this trade become a political vice, a public crime,
and that, as it is now carried on, it appears dangerous to the
public, that, whenever any wickedness is in hand, any mischief by the
worst of the nation’s enemies upon the wheel, the stock-jobbers are
naturally made assistant to it, that they become abettors of treason,
assistant to rebellion and invasion, then it is certainly time to
speak, for the very employment becomes a crime, and we are obliged
to expose a sort of men who are more dangerous than a whole nation
of enemies abroad, an evil more formidable than the pestilence, and,
in their practice, more fatal to the public, than an invasion of
Spaniards.
It is said by some, that the principal leaders in the jobbing trade
at that time, and to whom most part of the satire in this work ought
to be pointed, are Whigs, members of Parliament, and friends to the
government; and that, therefore, I had best have a care of what I say
of them.
My first answer is, So I will. I will have a care of them; and, in
the next place, let them have a care of me; for if I should speak the
whole truth of some of them, they might be Whigs; but I dare say they
would be neither P—— men, or friends to the government very long; and
it is very hard his Majesty should not be told what kind of friends
to him such men are.
Besides, I deny the fact. These men friends to the government! _Jesu
Maria!_ The government may be friendly to them in a manner they do
not deserve; but as to their being friends to the government, that
is no more possible than the Cardinal Alberoni or the Chevalier de
St. George are friends to the government; and, therefore, without
reflecting upon persons, naming names, or the like,—there will be
no need of names, the dress will describe them,—I lay down this
new-fashioned proposition, or postulatum, take it which way you
please, that I will make it out by the consequences of what I am
going to say.
1. That stock-jobbing, as it is now practised, and as is generally
understood by the word stock-jobbing, is neither less or more than
high-treason in its very nature, and in its consequences.
Public-domain text, read in full here on John Shaqi.
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