The offering a thing to Sale and no Bidders, is a certain never-failing prospect of a lowring the Price; from this Method therefore the value of all the Banks, Companies, Societies and Stocks in the Country fell to be little or nothing worth; and that was to be bought for 40 or 45 Lunarians that was formerly sold at 150, and so in proportion of all the rest.
All this while the Crolians employ'd their Emissaries to buy up privately all the Interest or Shares in these Things that any of the Solunarian Party would sell.
This Plot took readily, for these Gentlemen exposing the weakness of these Societies, and running down the value of their Stocks, and at the same time warily buying at the lowest Prices, not only in time got Possession of the whole Trade, with their Grants, Privileges and 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.
This civil way of Robbing Houses, for I can esteem it no better, was carry'd on by a middle sort of People, call'd in the Moon BLOUTEGONDEGOURS, which which signifies Men with two Tongues, or in English, Stock-Jobbing Brokers.
These had formerly such an unlimited Power and were so numerous, that indeed they govern'd the whole Trade of the Country; no Man knew when he Bought or Sold, for tho' they pretended to Buy and Sell, and Manage for other Men whose Stocks they had very much at Command, yet nothing was more frequent than when they bought a thing cheap, to buy it for themselves; if dear, for their Employer; if they were to Sell, if the Price rise, it was Sold, if it Fell, it was Unsold; and by this Art no body got any Mony but themselves, that at last, excepting the two capital Men we spoke of before, these govern'd the Prizes of all things, and nothing could be Bought or Sold to Advantage but thro' their hands; and as the Profit was prodigious, their number encreas'd accordingly, so that Business seem'd engross'd by these Men, and they govern'd the main Articles of Trade.
This Success, and the Imprudence of their Conduct, brought great Complaints against them to the Government, and a Law was made to restrain them, both in Practice and Number.