Annals, Anecdotes and Legends: A Chronicle of Life AssuranceFrancis, John, of the Bank of England
History
Annals, Anecdotes and Legends: A Chronicle of Life Assurance
Francis, John, of the Bank of England
Life insurance
But the hero of this tradition was a consummate actor; and though
his career is unknown for a long period after this, yet it is highly
probable that he carried out his nefarious projects in schemes which
are difficult to trace. There is little doubt, however, that the
_soi-disant_ captain of Queen Square was one and the same person who,
as a merchant, a few years later appeared daily on the commercial
walks of Liverpool; where, deep in the mysteries of corn and cotton,
a constant attender at church, a subscriber to local charities, and a
giver of good dinners, he soon became much respected by those who dealt
with him in business, or visited him in social life. The hospitalities
of his house were gracefully dispensed by a lady who passed as his
niece, and for a time nothing seemed to disturb the tenour of his
way. At length it became whispered in the world of commerce, that his
speculations were not so successful as usual; and a long series of
misfortunes, as asserted by him, gave a sanction to the whisper. It
soon became advisable for him to borrow money, and this he could only
do on the security of property belonging to his niece. To do so it
was necessary to insure their lives for about 2000_l._ This was easy
enough, as Liverpool, no less than London, was ready to assure anything
which promised profit, and as the affair was regular, no one hesitated.
A certain amount of secresy was requisite for the sake of his credit;
and availing himself of this, he assured on the life of the niece
2000_l._ with, at any rate, ten different merchants and underwriters in
London and elsewhere. The game was once more in his own hands, and the
same play was once more acted. The lady was taken ill, the doctor was
called in and found her suffering from convulsions. He administered a
specific and retired. In the night he was again hastily summoned, but
arrived too late. The patient was declared to be beyond his skill; and
the next morning it became known to all Liverpool that she had died
suddenly. A decorous grief was evinced by the chief mourner. There was
no haste made in forwarding the funeral; the lady lay almost in state,
so numerous were the friends who called to see the last of her they had
visited; the searchers did their hideous office gently, for they were,
probably, largely bribed; the physician certified she had died of a
complaint he could scarcely name, and the grave received the coffin.
The merchant retained his position in Liverpool, and bore himself with
a decent dignity; made no immediate application for the money, scarcely
even alluding to the assurances which were due, and when they were
named, exhibited an appearance of almost apathetic indifference. He
had, however, selected his victims with skill. They were safe men, and
from them he duly received the money which was assured on the life of
the niece.
Public-domain text, read in full here on John Shaqi.
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