The sexagenarian; or, the recollections of a literary life (Volume 2 of 2)Beloe, William
General
The sexagenarian; or, the recollections of a literary life (Volume 2 of 2)
Beloe, William
Authors, English; Beloe, William, 1756-1817; English literature -- Anecdotes
He was a man of weak and confused intellect, and indeed could but just
read and write, yet he had a great deal of low cunning and sagacity,
and first suggested to his uncle by marriage, the idea of establishing
a Bank. This was accordingly accomplished, and on the death of the first
proprietor, was successfully, and for a very extended period, carried on
by the person whose portrait is here delineated.
Among his other qualities, he had all the pliancy and obsequiousness
to his superiors, which might be expected from a tavern-waiter, and by
some means got an introduction to G. Earl of O. to whom he made himself
so useful, and so acceptable, that through his influence he was made
Receiver-General of the County. The emoluments and reputation of this
office, were remarkably salutary in propping up, which it did for years,
the reputation of his Bank; and, as it is generally believed, enabled
him to administer to the necessities of his noble friend, who, in the
interval of his expecting remittances from Russia, in return for one of
the most valuable collection of pictures ever formed in this country, was
reduced to great pecuniary difficulties.
At length the Bank stopped payment, and his debts, including the claims
of government upon his house, amounted to 600,000_l._ It is very
extraordinary, that at this particular time, he had only 25,000_l._
of notes in circulation. It is no less singular, that this failure
did not occasion the bankruptcy, or cause stoppage of payment, in any
other house. Among his principal creditors were gentlemen who had made
considerable deposits, but who, by taking the concerns into their own
hands, at a most propitious period, when landed estates sold at the very
highest price, contrived to make a dividend of fourteen shillings in the
pound.
Luckily for the creditors, his son was made a partner during the life of
his father, or every shilling of the landed property would have gone to
him.
When the father died, or what became of the son, was unknown, but the
family fell back again to their original poverty.
A whimsical anecdote is recorded of the above individual. When riches
began to abound, he must needs set up his carriage, and he applied to
the parson of the parish to furnish him with a motto. This same person
was a most eccentric character. Very fond of his pipe—still more fond
of his bottle—but withal, was very learned, and had an abundant store
of facetiousness and humour. On his wealthy friend’s application for a
motto, he gave him the following—“Quo mihi fortunam?”
Public-domain text, read in full here on John Shaqi.
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