This Law has in some measure had its Effect, the number is not only lessen'd, but by chance some honester Men than usual are got in among them, but they are so very, very, very Few, hardly enough to save a Man's Credit that shall vouch for them.
Nay, some People that pretend to understand their Business better than I do, having been of their Number, have affirm'd, it is impossible to be honest in the employment.
I confess when I began to search into the Conduct of these Men, at least of some of them, I found there were abundance of black Stories to be told of them, a great deal known, and a great deal more unknown; for they were from the beginning continually Encroaching into all sorts of People and Societies, and in Conjunction with some that were not qualify'd by Law, but meerly Voluntarily, call'd in the Moon by a hard long Word, in English signifying PROJECTORS these erected Stocks in Shadows, Societies in Nubibus, and Bought and Sold meer Vapour, Wind, Emptiness and Bluster for Mony, till they drew People in to lay out their Cash, and then laught at them.
Thus they erected Paper Societies, Linnen Societies, Sulphur Societies, Copper Societies, Glass Societies, Sham Banks, and a thousand mock Whimsies to hook unwary People in; at last sold themselves out, left the Bubble to float a little in the Air, and then vanish of it self.
The other sort of People go on after all this; and tho' these Projectors began to be out of Fashion, they always found one thing or other to amuse and deceive the Ignorant, and went Jobbing on into all manner of things, Publick as well as Private, whether the Revenue, the Publick Funds, Loans, Annuities, Bear-Skins, or any thing.
Nay they were once grown to that extravagant highth, that they began to Stock-Job the very Feathers of the Consolidator, and in time the King's employing those People might have had what Feathers they had occasion for, without concerning the Proprietors of the Lands much about them.
'Tis true this began to be notorious, and receiv'd some check in a former meeting of the Feathers; but even now, when I came away, the three Years expiring, and by Course a new Consolidator being to be built, they were as busie as ever. Bidding, Offering, Procuring, Buying, Selling, and Jobbing of Feathers to who bid most; and notwithstanding several late wholesome and strict Laws against all manner of Collusion, Bribery and clandestine Methods, in the Countries procuring these Feathers; never was the Moon in such an uproar about picking and culling the Feathers, such Bribery, such Drunkenness, such Caballing, especially among the High Solunarian Clergy and the Lazognians, such Feasting, Fighting and Distraction, as the like has never been known.
And that which is very Remarkable, all this not only before the Old Consolidator was broke up, but even while it was actually whole and in use.
Had this hurry been to send up good Feathers, there had been the less to say, but that which made it very strange to me was, that where the very worst of all the Feathers were to be found, there was the most of this wicked Work; and tho' it was bad enough every where, yet the greatest bustle and contrivance was in order to send up the worst Feathers they could get.
And indeed some Places such Sorry, Scoundrel, Empty, Husky, Wither'd, Decay'd Feathers were offer'd to the Proprietors, that I have sometimes wonder'd any one could have the Impudence to send up such ridiculous Feathers to make a Consolidator, which, as is before observ'd, is an Engine of such Beauty, Usefulness and Necessity.