The great fraud of UlsterHealy, T. M. (Timothy Michael)
History
The great fraud of Ulster
Healy, T. M. (Timothy Michael)
Ireland -- History -- 17th century; Ulster (Northern Ireland and Ireland) -- History
Towards the end of 1610 the agents of the Londoners arrived to take
possession of their new estate. Their coming forced the Deputy to
change his tactics. He saw that the waters he had seized could
not all be retained, and arranged with Hamilton to make a partial
surrender of them and seek compensation for the “sacrifice.”
James I., unaware of the pretensions of any claimant to Lough Foyle
and the Bann, had covenanted to give the Londoners an unclogged
title. They naturally expected that all blots on it would be removed
before they made a venture costing (in present moneys) £600,000.
The Charter guaranteed that, if necessary, their rights would be
confirmed by Acts of Parliament both in England and Ireland.
The “bag” of the Ulster fisheries by Sir Arthur and his partner then
stood:—
Lough Foyle and Culmore Chichester’s.
Lough Neagh Chichester’s.
The non-tidal Bann Chichester’s.
One quarter of the tidal Bann Chichester’s.
Three-quarters of the tidal Bann Hamilton’s.
As deserving owners they were ready to make sacrifices for prompt
cash to further the royal policy, and yield up what had been
contracted to the Londoners. The Deputy modestly kept in the
background, and Hamilton represented him as Claims Agent.
With tradesmanlike particularity, the “Scot” sent in a bill to his
Majesty through Chichester, who frigidly transmitted it to London
as an impartial broker. It prettily set out that Hamilton, with
seven mythical partners, disbursed £4,760 in buying up the estates
of “sundry persons” in the Bann and Lough Foyle—over and above “the
costs and charges expended as well in suits of law as otherwise for
the clearing of sundry titles and claims.” This account was vouched
by the Deputy as accurate, and his disinterested corroboration of
its fairness was accepted by his royal master. Without further
investigation £4,500 (or, in modern values, £45,000) was paid to
Hamilton in June, 1610.
The King’s undertaking to defray the expense of clearing the title
for the Londoners weighed heavily on his cramped resources. Shrinking
at the outlay, he refused to provide more than £2,500, and left the
balance, £2,000, to be paid by the other victims—the Corporation.
Between regal meanness and viceregal greed, the Londoners were
effectively squeezed.
Public-domain text, read in full here on John Shaqi.
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