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
Residing in one of the wildest districts of Yorkshire, was one of those
country squires of whom we read in the pages of our elder novelists.
He could write sufficiently to sign his name; he could ride so as
always to be in at the death; he could eat, when his day’s amusement
was over, sufficient to startle a modern epicure; and drink enough
to send himself to bed tipsy as regularly as the night came. He was
young, having come to his estate early, through the death of a father
who had broken his neck when his morning draught had been too much
for his seat, and he seemed at first exceedingly likely to follow his
father’s footsteps. In due time, however, being compelled to visit
London on some business, he found that there were other pleasures than
those of hunting foxes, drinking claret, following the hounds, and
swearing at the grooms; and that although on his own estate, and in
the neighbourhood of his own hall, he might be a great person, all
his greatness vanished in the metropolis. With the avidity of a young
man entirely uncurbed, enjoying also huge animal powers, he rushed
into the dissipation of London, where, as he possessed a considerable
portion of mental capacity, he contrived to polish his behaviour and to
appear in the character of a buck about town, with some success. His
estate and means soon became familiar to those who had none of their
own; and as he was free enough in spending his money, and was not very
particular in his company, he was quickly surrounded by all the younger
sons, roysterers, and men who lived by their wits, of the circle in
which he visited. With such as these his career was rapidly determined.
The gaming of the period was carried to such an extent that it might
truly be termed a national sin, and into this terrible vice he threw
himself with a recklessness which almost savoured of insanity. Mortgage
after mortgage was given on his estate; but as this was entailed, it
was necessary that he should also assure his life, which was done at
Lloyd’s, on the Royal Exchange, and with those usurers who added it to
their other branches of business.
Public-domain text, read in full here on John Shaqi.
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