London in the Jacobite times, Volume IIDoran, Dr. (John)
History
London in the Jacobite times, Volume II
Doran, Dr. (John)
London (England) -- History -- 18th century
[Sidenote: _FRENCH NEWS OF LONDON._]
As correct news of the condition of London in the latter half of
the year, it was stated in the French papers that insurrectionary
undertakings prevailed; that the principal shops were closed; that
suspected peers were under arrest; that an attempt had been made to
murder the Archbishop of Canterbury, and that the Tower had been
captured by a Jacobite mob, who had liberated nearly three hundred
prisoners! Every _quidnunc_ in Paris turned to the article ‘London’
in the ‘Gazette de France,’ to read with avidity of the closing of
great firms, the breaking of the chief banks, and the bewilderment of
the king on his reaching the capital from Hanover. The ‘Gazette’ had
no doubt of the crowning of James Stuart in Westminster Abbey during
the Christmas holidays; and, perhaps, hoped for the appearance of ‘the
Elector of Hanover’ on Tower Hill!
[Sidenote: _ANXIETY AND CONFIDENCE._]
On Friday, the 5th December 1745, it is undeniable that London was
shaken into terror and consternation by the news of the arrival of
Charles Edward on the Wednesday at Derby. It was long remembered as
‘Black Friday.’ ‘Many of the inhabitants,’ says the Chevalier de
Johnstone, in his ‘Memoirs of the Rebellion,’ ‘fled to the country
with their most precious effects, and all the shops were shut. People
thronged to the Bank to get payment of its notes; and it only escaped
bankruptcy by a stratagem. Payment was not indeed refused; but as they
who came first were entitled to priority of payment, the bank took care
to be continually surrounded by agents with notes, who were paid in
sixpences in order to gain time. Those agents went out at one door with
the specie they had received, and brought it back by another; so that
the _bonâ fide_ holders of notes could never get near enough to present
them, and the bank by this artifice preserved its credit, and literally
faced its creditors.’
Public-domain text, read in full here on John Shaqi.
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