y and usefulness, with
respect to which most will agree. The approbation they meet with will,
therefore, depend upon the experience of those for whom they were
principally designed, the proprietors of the publick funds, and the
brokers who transact the business of the funds, to whose patronage they
are cheerfully committed.
Among the brokers of stocks are men of great honour and probity, who are
candid and open in all their transactions, and incapable of mean and
selfish purposes; and it is to be lamented, that a market of such
importance, as the present state of this nation has made theirs, should
be brought into any discredit by the intrusion of bad men, who, instead
of serving their country, and procuring an honest subsistence in the
army or the fleet, endeavour to maintain luxurious tables, and splendid
equipages, by sporting with the publick credit.
It is not long, since the evil of stockjobbing was risen to such an
enormous height, as to threaten great injury to every actual proprietor,
particularly, to many widows and orphans, who, being bound to depend
upon the funds for their whole subsistence, could not possibly retreat
from the approaching danger. But this evil, after many unsuccessful
attempts of the legislature to conquer it, was, like many others, at
length subdued by its own violence; and the reputable stockbrokers seem
now to have it in their power effectually to prevent its return, by not
suffering the most distant approaches of it to take footing in their own
practice, and by opposing every effort made for its recovery by the
desperate sons of fortune, who, not having the courage of highwaymen
take 'Change-alley rather than the road, because, though more injurious
than highwaymen, they are less in danger of punishment by the loss
either of liberty or life.
With respect to the other patrons, to whose encouragement these tables
have been recommended, the proprietors of the publick funds, who are
busy in the improvement of their fortunes, it is sufficient to say--that
no motive can sanctify the accumulation of wealth, but an ardent desire
to make the most honourable and virtuous use of it, by contributing to
the support of good government, the increase of arts and industry, the
rewards of genius and virtue, and the relief of wretchedness and want.
What good, what true, what fit we justly call,
Let this be all our care--for this is all;
To lay this treasure up, and hoard with haste
What ev
|