A History of the Four Georges, Volume IMcCarthy, Justin
History
A History of the Four Georges, Volume I
McCarthy, Justin
Great Britain -- History -- 1714-1837; Great Britain -- Politics and government -- 1714-1837
The immediate result of the Parliamentary authority thus given to what
was purely a bubble scheme was to bring upon the Legislature a perfect
deluge of petitions from all manner of projectors. Patents and
monopolies were sought for the carrying on of fisheries in Greenland and
various other regions; for the growth, manufacture and sale of hemp,
flax, and cotton; for the making of sail-cloth; for a general insurance
against fire; for the {192} planting and rearing of madder to be used by
dyers; for the preparing and curing of Virginia tobacco for snuff, and
making it into the same within all his Majesty's dominions. Schemes such
as these were comparatively reasonable; but there were others of a
different kind. Petitions were gravely submitted to Parliament praying
for patents to be granted to the projectors of enterprises for trading in
hair; for the universal supply of funerals to all parts of Great Britain;
for insuring and increasing children's fortunes; for insuring masters and
mistresses against losses from the carelessness or misconduct of
servants; for insuring against thefts and robberies; for extracting
silver from lead; for the transmutation of silver into malleable fine
metal; for buying and fitting out ships to suppress pirates; for a wheel
for perpetual motion, and--with which project, perhaps, we may close our
list of specimens--"for carrying on an undertaking of great advantage,
but nobody to know what it is." Of course some of these projects were
mere vulgar swindles. Even in that season of marvellous projection it is
not to be supposed that the inventors of the last-mentioned scheme had
any serious belief in its efficacy. The author of the project for the
perpetual-motion wheel was, we take it, a sincere personage and
enthusiast. His scheme has been coming up again and again before the
world since his time; and we have known good men who would have staked
all they held dear in life upon the possibility of its realization. But
the would-be patentee of the undertaking of great advantage, nobody to
know what it is, was a man of a different order. He understood human
nature in certain of its moods. He knew that there are men and women who
can be got to believe in anything which holds out the promise of quick
and easy gain. If he found a few dozen greedy and selfish fools to help
his project with a little money, that would, no doubt, be the full
attainment of his ends. Probably he was successful. The very boldness
of his avowal of secrecy would have a charm for many. One day would be
enough for him--the {193} the day when he sent in his demand for a
patent. The bare demand would bring him dupes.
[Sidenote: 1720--The bubble bursts]
Public-domain text, read in full here on John Shaqi.
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