Anecdotes of the Manners and Customs of London during the Eighteenth Century; Vol. 1 (of 2): Including the Charities, Depravities, Dresses, and Amusements etc.Malcolm, James Peller
History
Anecdotes of the Manners and Customs of London during the Eighteenth Century; Vol. 1 (of 2): Including the Charities, Depravities, Dresses, and Amusements etc.
Malcolm, James Peller
London (England) -- Social life and customs -- 18th century
The original Weekly Journal immediately after observes: "It was the
observation of a very witty knight many years ago, that the English
people were something like a flight of birds at a barn door; shoot
among them and kill ever so many, the rest shall return to the same
place in a very little time, without any remembrance of the evil that
had befallen their fellows. Thus the English, though they have had
examples enough in these latter times of people ruined by engaging
in Projects, yet they still fall in with the next that appears.
Thus, after Neal's Lottery, how many were trumped up in a year or
two's time, till the Legislature itself was fain to suppress them.
Sometime after this, there was a new project set on foot for the
prodigious improvement of small sums of money, in which they who put
in, for example, 5_l._ must by the proposal make above 100_l._ of it
in a year's time. People never examined how they could perform this
proposal; but, blind with the hopes of gain, threw their money into the
Denmark-court Office in so extravagant a manner, that, if the humour
could have gone on, they must have had passed through their hands in
a few months half the cash of the nation. The success of this Office
begot many more in all parts of the Town, all which ended in the ruin
of many families.
"Our cunning men are now carrying on a cause very much like these that
are past, but infinitely more extravagant than all of them; though I
believe it will prove less detrimental than any of them, because they
are already multiplied to that degree, that the sharpers, _alias_
projectors, are infinitely too numerous for the bubbles; since the
Stocks they have proposed to raise amounts to 28,000,000_l._; above
twice as much as the current coin of the Nation, nay more than the
third-part of all the payments the circulation of that current coin
performs in the whole kingdom; but, because the placing these projects
all in one view must certainly be useful to your readers, I here send
you an abstract of them.
"For a general insurance on houses and merchandize, at the three Tuns,
Swithin's-alley, 2,000,000_l._
For building and buying ships to let or freight, at Garraway's,
Exchange-alley, 1,200,000_l._
To be lent by way of Loan on Stock at Garraway's, 1,200,000_l._
For granting annuities by way of survivorship, and providing for
widows, orphans, &c. at the Rainbow, Cornhill, 1,200,000_l._
For the raising the growth of raw silk, 1,000,000_l._
For lending upon the deposit of goods, stock, annuities, tallies, &c.
at Robin's, Exchange-alley, 1,200,000_l._
For settling and carrying on a trade to Germany, 1,200,000_l._ at the
Rainbow.
For insuring of houses and goods from fire, at Sadlers-hall,
2,000,000_l._
For carrying on a trade to Germany, 1,200,000_l._ at the Virginia
Coffee-house.
For securing goods and houses from fire, at the Swan and Rummer,
2,000,000_l._
Public-domain text, read in full here on John Shaqi.
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