Economics -- Early works to 1800; Finance -- Great Britain; Great Britain -- Economic conditions -- 18th century
Defoe was at this time twenty-eight years old, married, and living in a
house at Tooting, where he had also been active in foundation of a
chapel. From hose factor he had become merchant adventurer in trade with
Spain, and is said by one writer of his time to have been a “civet-cat
merchant.” Failing then in some venture in 1692, he became bankrupt, and
had one vindictive creditor who, according to the law of those days, had
power to shut him in prison, and destroy all power of recovering his loss
and putting himself straight with the world. Until his other creditors
had conquered that one enemy, and could give him freedom to earn money
again and pay his debts—when that time came he proved his sense of
honesty to much larger than the letter of the law—Defoe left London for
Bristol, and there kept out of the way of arrest. He was visible only on
Sunday, and known, therefore, as “the Sunday Gentleman.” His lodging was
at the Red Lion Inn, in Castle Street. The house, no longer an inn,
still stands, as numbers 80 and 81 in that street. There Defoe wrote
this “Essay on Projects.” He was there until 1694, when he received
offers that would have settled him prosperously in business at Cadiz, but
he held by his country. The cheek on free action was removed, and the
Government received with favour a project of his, which is not included
in the Essay, “for raising money to supply the occasions of the war then
newly begun.” He had also a project for the raising of money to supply
his own occasions by the establishment of pantile works, which proved
successful. Defoe could not be idle. In a desert island he would, like
his Robinson Crusoe, have spent time, not in lamentation, but in steady
work to get away.
H. M.
AUTHOR’S PREFACE.
TO DALBY THOMAS, ESQ.,
_One of the Commission’s for Managing His majesty’s Duties on Glass_,
_&c._
SIR,
THIS preface comes directed to you, not as commissioner, &c., under whom
I have the honour to serve his Majesty, nor as a friend, though I have
great obligations of that sort also, but as the most proper judge of the
subjects treated of, and more capable than the greatest part of mankind
to distinguish and understand them.
Books are useful only to such whose genius are suitable to the subject of
them; and to dedicate a book of projects to a person who had never
concerned himself to think that way would be like music to one that has
no ear.
And yet your having a capacity to judge of these things no way brings you
under the despicable title of a projector, any more than knowing the
practices and subtleties of wicked men makes a man guilty of their
crimes.
Public-domain text, read in full here on John Shaqi.
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