From the same fund came the expenses for
the king’s visit to Edinburgh in 1641. When the Scottish parliament
in the same year mustered ten thousand men to go to Ireland and
suppress the rebel Catholics, the little army could not have marched
without the meal which Sir William Dick furnished. His national loans
afterwards extended to transactions in which the credit of the English
parliament was concerned; and here ruin overtook him. The time came
when such loans were not recognised, or at least met with but slight
reverence; and this Scottish Crœsus—a national creditor to the extent
of sixty-four thousand pounds—actually spent his last days in a jail at
Westminster, under something like a want of the common necessaries of
life.
While it appears that so many noted merchants stood up for the popular
cause, that of royalty was espoused by at least one eminent trader,
namely, Sir William Gray of Pittendrum, a cadet of the noble house
of Gray, and direct ancestor of the present lord. Sir William, whose
house, with his arms and initials, and the date 1622, may still be seen
in Lady Stair’s Close, Lawnmarket, is said to have conducted foreign
trade upon a large scale, considering the times, and he became, for his
age, extremely rich. For corresponding with the Marquis of Montrose, a
fine of a hundred thousand merks was imposed upon him, and he actually
paid thirty-five thousand, being nearly two thousand pounds sterling.
When one of his sons married the Mistress of Gray, Sir William gave
him the handsome endowment of 232,000 merks. Sir William Dick and Sir
William Gray are perhaps the first commercial men of our city who
reached the character of merchant-princes.
Public-domain text, read in full here on John Shaqi.
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