The Royal Exchange : $b a note on the occasion of the bicentenary of the Royal Exchange AssuranceMason, A. E. W. (Alfred Edward Woodley)
History
The Royal Exchange : $b a note on the occasion of the bicentenary of the Royal Exchange Assurance
Mason, A. E. W. (Alfred Edward Woodley)
Royal Exchange (London, England) -- History; Royal Exchange Assurance (Firm) -- History
This dispute, which provoked a commotion almost inconceivable to us,
was concerned with the sex of the Chevalier d’Eon. We are apt to take
historical events for granted, neither marvelling at their strangeness
nor speculating upon the manner with which contemporaries received
them. Can you imagine a Frenchman of distinction, coming to England
upon a confidential mission, quarrelling with the Ambassador of his
country, accusing publicly this or that statesman of treachery, and
finally arousing the most widespread doubts as to whether he was a
man or a woman? Yet this very thing did happen to Charles Geneviève
Louise Auguste d’Eon de Beaumont, and we hardly need to be told
that the assurance brokers of the City of London found this spicy
problem very much to their taste. Policies were opened by which it
was undertaken that, on payment of fifteen guineas down, one hundred
should be returned whenever the Chevalier was proved to be a woman.
The Chevalier, after some passing pretence of indignation, graciously
allowed, that at a certain Coffee House, at the hour of noon, he
would satisfy all whom it might concern. As may be easily imagined,
the assurances were immediately and greatly increased, and there
should be no reasonable doubt that the Chevalier got in return for his
condescension what nowadays we should call a “rake off.”
At the appointed hour, the Chevalier appeared in the uniform and the
decorations of an officer, and, claiming to belong to the sex whose
dress he wore, challenged anyone present to disprove it with sword or
cudgel.
This was not the sort of solution of the problem which commended itself
to the citizens of that day, and all the more, since the Chevalier
was known to be remarkably expert with the small sword. The crowd of
underwriters and brokers dissolved, leaving the great question of
the day unanswered. An action was brought in the Court of Lord Chief
Justice Mansfield, who gave the decision to which we have already
referred. An Act had already been passed that insurance made on the
life of any person on the account of another who had no interest in
that life should be void. Lord Chief Justice Mansfield laid it down
that the same principle should be held even when the policy was not a
policy on life.
It is obvious that the system of insurance, once it became general,
would give opportunities to the ingenious criminal. The cases, however,
of such frauds or such attempted frauds are, comparatively to the
vast volume of insurance business done, astonishingly few. Still
fewer present those conflicts of emotion--those struggles between
ill-assorted natures thrown together in the jumble of life--which alone
give interest to the study of crime. Most of the insurance frauds
represent no more than sordid efforts by mean men or women. One or
two cases, however, do stand out by something especial in the way of
audacity or imagination on the part of the chief criminal.
Public-domain text, read in full here on John Shaqi.
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