Summary

Thomas Gordon Cato's Letter No. 9 — Against the projected Union of the Three Great Companies… (1720)

But I must tell all these forgers of schemes, and inventors of grievances, that the nation, exhausted by past projects, cannot bear new ones, nor furnish out more millions to glut more harpies. The want of bread, long felt by the poor, begins now to be felt by the rich. The purses therefore of the new conspirators must be filled out of the extortions and depredations of the old, or remain empty: They may rack their invention, sift every topick of knavery, and toss and change their projects as much and as long as they please; but we know that nothing but plain honesty can ever save us
Source: Wikisource

Thomas Gordon Cato's Letter No. 9 — Against the projected Union of the Three Great Companies… (1720)

Stock-jobbing too must be declared against, whilst the greatest stock-jobbing is promoting. Last year a South-Sea project was to be established to pay off the national debts; and now a project is said to be in embryo, to remit the greatest part of the debt due to the nation by the South-Sea: And if so, the whole nation is to suffer this general loss, out of mere pity to a small part of the nation. Twelve months ago forty millions was not too much to be trusted with one company, high in credit, and its reputation hoisted up by publick authority
Source: Wikisource

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