Ford sent accounts to Penn from time to time, but Penn was not a good
business man, and did not bother to look into the accounts. Finally,
when he did, he found the surprising fact that although Ford had
received from Penn £17,000 and had only spent £16,000, nevertheless Penn
owed him £10,500. Ford brought about this result by charging very large
commissions, adding compound interest every six months to all money
advanced, and claiming an exceedingly large salary, to say nothing of
sometimes failing to credit Penn with money actually received from him.
Yet Penn, although surprised at this new debt, made no investigation
into the crooked accounts, and at length, when Ford kept urging him to
pay the debt, Penn was so foolish as to give Ford a deed of the province
of Pennsylvania as security for this claim that he did not really owe.
To make matters worse, a little later Penn accepted from Ford a lease
of the province, so that it appeared that he had actually transferred
the province to this corrupt steward and was now leasing it from him.
None of this strange transaction was made public until Ford died, but
then his widow and son declared how the matter stood and announced that
they were the legal owners of Pennsylvania. Penn, they said, was merely
their tenant, and they sued him for rent amounting to £3000. They got
judgment against him, and then, when he failed to pay it, had him
arrested and put in prison for the debt. So now we find the owner of the
great province of Pennsylvania not only shorn of his title to his
property, but actually in jail on a charge of failing to pay his rent.
When the officers came to arrest him, they found him at the Quaker
meeting in Gracechurch Street in London, strange to say the very place
where he had first been arrested thirty-seven years before for preaching
to the Quakers.
For nine months Penn had to stay in prison, while the suit against him
dragged slowly through the courts of chancery. The fact that he had paid
so little attention to Ford's accounts, and had made no complaint about
the figures in them, made it look as if the claim against him might be
just. His friends tried to straighten out the tangled matter, and
meantime Penn, who was allowed fairly comfortable quarters, held small
religious meetings, and kept himself as serene and untroubled as in the
heyday of his fortunes. In this again the strong character of William
Penn appears, for he was not cast down by misfortune. His friend Isaac
Norris bore witness to this quality. "After all," said Norris, "I think
the fable of the palm good in him--'the more he is pressed, the more he
rises.' He seems a spirit fit to bear and rub through difficulties, and
as thou observes his foundation remains. I have been at some meetings
with him, and have been much comforted in them, and particularly last
First-day."
Public-domain text, read in full here on John Shaqi.
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