Things to be Remembered in Daily Life: With Personal Experiences and RecollectionsTimbs, John
Philosophy
Things to be Remembered in Daily Life: With Personal Experiences and Recollections
Timbs, John
Encyclopedias and dictionaries
No single class can be pointed to in the present day as the first
favourite of fortune. The loan-monger is still powerful, and so is the
speculator; but bankers accumulate fortunes like those of the highest
nobles, and a linen-draper left the other day cash which would purchase
the fee-simple of the Woburn estates. The rate of fortunes has
enormously increased. Pitt thought it useless to tax fortunes above a
million, and now men die every day whose heirs chuckle over the saving
produced by this want of foresight. A “plum” has ceased to be even a
citizen’s goal, and there are tradesmen in London whose incomes while in
trade exceed “a great fortune” of the time of the second George. Very
enormous realised fortunes, properties that are producing 50,000_l._
a-year, are, however, still very scarce. Only fifty-seven are returned
to the English income-tax; and though that is a palpably erroneous
account, it may be doubted if there are a dozen individuals with that
amount in the world. There are none in France or Italy beyond a few
working capitalists, a few remaining in Germany, a considerable number
in Russia, and perhaps thirty individuals in America. There are perhaps
ten private incomes in India of that amount, as many in South America,
and a few officials in the Eastern world accumulate very considerable
sums; but there the list ends.[103] Yet, how often are large fortunes
wrecked by those who succeed to them!
Many a Londoner past middle age may recollect Thomas Clark, “the King of
Exeter ’Change,” who was long one of the most singular characters in the
metropolis. He took a stall in the ’Change in 1765, with 100_l._ lent
him by a stranger. By parsimony and perseverance he so extended his
business as to occupy nearly one-half of the entire building with the
sale of cutlery, turnery, &c. He grew rich, and once returned his income
at 6000_l._ a-year. He was penurious in his habits: he dined with his
plate on the bare board, and his meal, with a pint of porter, never cost
him a shilling; after dinner he took a glass of spirits-and-water at the
public-house opposite the end of the ’Change, and then returned to his
business. He resided in Belgrave-place, Pimlico; and morning and evening
saw him on his old horse, riding into town and home again—and thus he
figured in the print-shops. He died in 1817, in his eightieth year, and
left nearly half a million of money. His daughter was married to Hamlet,
the celebrated goldsmith of Coventry-street who, however, met with sad
reverses; and, among other unsuccessful speculations, built the Bazaar
and the Princess’s Theatre in Oxford-street.
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