Lady Mary Wortley Montague, Her Life and Letters (1689-1762)Melville, Lewis
History
Lady Mary Wortley Montague, Her Life and Letters (1689-1762)
Melville, Lewis
Montagu, Mary Wortley, Lady 1689-1762; Montagu, Mary Wortley, Lady 1689-1762 -- Correspondence
On August 22, 1720, Pope, with the best intentions in the world, wrote
to Lady Mary: "I was made acquainted last night that I might depend upon
it as a certain gain to buy the South Sea stock at the present price,
which will assuredly rise in some weeks or less. I can be as sure of
this as the nature of any such thing will allow, from the first and best
hands, and therefore have despatched the bearer with all speed to you."
No doubt the phrase "the first and best hands," was intended to convey
the fact that his informant was his friend and neighbour, James Craggs
the younger, the Secretary of State who was so deeply involved in the
affairs of the South Sea Company that when the "bubble" burst he only
escaped prosecution by conveniently dying of small-pox. Acting on the
hint given by Pope, Lady Mary purchased stock for herself and Rémond.
The stock fell rapidly--in August it stood at 750 and in December at
130. What she lost is not known, but she had been sufficiently involved
to make her desire to sell her diamonds, and more than once she asked
Lady Mar if there was a market for the jewels in Paris. Rémond's £900
had dwindled to £400. On receiving these distressful tidings, the
Frenchman believed, or affected to believe, that he had been swindled,
and he threatened, unless he were repaid in full, he would publish Lady
Mary's letters to him. Lady Mary's fear was lest the matter should come
to the cognisance of her husband: it would certainly be unfair to
Montagu to suggest that he might not have forgiven his wife for a
love-affair; but he would certainly never have pardoned her any
transaction that cost him money.
Many malicious things were said about this business. Walpole gave a
version utterly discreditable to Lady Mary, and Pope, after the quarrel,
referred to the matter in the second book of the _Dunciad_:
"Whence hapless Monsieur much complains at Paris
Of wrongs from Duchesses and Lady Maries."
The case was put by Lady Mary in a series of letters to her sister, Lady
Mar, to whom she could unburden herself freely, and who might be able to
influence Rémond, who was then at Paris.
[1721.]
Public-domain text, read in full here on John Shaqi.
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