Summary

Thomas Gordon Cato's Letter No. 4 — Against false Methods of restoring Publick Credit (1720)

SIR, All men are now taught, by miserable experience, that the project of the South-Sea, through the hard-hearted knavery of some, who have been in the direction of it, and through the folly or rather distraction of the people, has not answered the good and wise ends designed by the Parliament; but instead of that, has ruined thousands of innocent and well-meaning people, to glut harpies and publick robbers with millions: Unhappy fate of poor England, worthy of a better!
Source: Wikisource

Thomas Gordon Cato's Letter No. 4 — Against false Methods of restoring Publick Credit (1720)

But national credit can never be supported by lending money without security, or drawing in other people to do so; by raising stocks and commodities by artifice and fraud, to unnatural and imaginary values; and consequently, delivering up helpless women and orphans, with the ignorant and unwary, but industrious subject, to be devoured by pick-pockets and stock-jobbers; a sort of vermin that are bred and nourished in the corruption of the state.
This is a method, which, instead of preserving publick credit, destroys all property; turns the stock and wealth of a nation out of its proper channels
Source: Wikisource

Thomas Gordon Cato's Letter No. 4 — Against false Methods of restoring Publick Credit (1720)

The nation and Parliament have been abused, and they will undoubtedly be revenged; they will not be put off with dark juggling, with knavish projects, to stifle resentments, and divert due vengeance: There is no attending to any new schemes, till the publick robbers are punished, with whom there can never be any accommodation.
To begin then, in the first place, with the criminals, will shew that we are in earnest champions for honesty, for trade, for the nation, all oppressed by money-leaches.
Source: Wikisource

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