English literature -- History and criticism; Literature -- Anecdotes; Litterateurs
When yet but a clerk to the Clerk in the Counter, frequent opportunities
occurred which Audley knew how to improve. He became a money-trader as
he had become a law-writer, and the fears and follies of mankind were to
furnish him with a trading capital. The fertility of his genius appeared
in expedients and in quick contrivances. He was sure to be the friend of
all men falling out. He took a deep concern in the affairs of his
master's clients, and often much more than they were aware of. No man so
ready at procuring bail or compounding debts. This was a considerable
traffic then, as now. They hired themselves out for bail, swore what was
required, and contrived to give false addresses, which is now called
leg-bail. They dressed themselves out for the occasion; a great
seal-ring flamed on the finger, which, however, was pure copper gilt,
and they often assumed the name of some person of good credit. Savings,
and small presents for gratuitous opinions, often afterwards discovered
to be very fallacious ones, enabled him to purchase annuities of easy
landowners, with their treble amount secured on their estates. The
improvident owners, or the careless heirs, were soon entangled in the
usurer's nets; and, after the receipt of a few years, the annuity, by
some latent quibble, or some irregularity in the payments, usually ended
in Audley's obtaining the treble forfeiture. He could at all times
out-knave a knave. One of these incidents has been preserved. A draper,
of no honest reputation, being arrested by a merchant for a debt of
£200, Audley bought the debt at £40, for which the draper immediately
offered him £50. But Audley would not consent, unless the draper
indulged a sudden whim of his own: this was a formal contract, that the
draper should pay within twenty years, upon twenty certain days, a penny
doubled. A knave, in haste to sign, is no calculator; and, as the
contemporary dramatist describes one of the arts of those citizens, one
part of whose business was
To swear and break: they all grow rich by breaking!
the draper eagerly compounded. He afterwards "grew rich." Audley,
silently watching his victim, within two years, claims his doubled
pennies, every month during twenty months. The pennies had now grown up
to pounds. The knave perceived the trick, and preferred paying the
forfeiture of his bond for £500, rather than to receive the visitation
of all the little generation of compound interest in the last descendant
of £2000, which would have closed with the draper's shop. The inventive
genius of Audley might have illustrated that popular tract of his own
times, Peacham's "Worth of a Penny;" a gentleman who, having scarcely
one left, consoled himself by detailing the numerous comforts of life it
might procure in the days of Charles II.
Public-domain text, read in full here on John Shaqi.
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