Penn had not neglected to fulfil his promise to the Pennsylvanians and
immediately after his arrival had ordered his son to leave as soon as
possible for Philadelphia; but it was with great reluctance that he did
so, for during his father’s absence the pleasure-loving youth had
abandoned himself to every form of dissipation, to the great detriment
not only of his health, but of his pocket. To send him out to America
alone without restraint or guardianship of any kind meant merely a
continuation of his dissolute career, with perhaps ruin and disgrace to
the honorable name he bore. Nor was the young man any better pleased
with the idea, and it was not till his father had opened his eyes to the
seriousness of the situation and agreed to pay his debts that he yielded
and promised to go without further protest. Before he sailed Penn wrote
to some of the Friends in Philadelphia begging them to watch over his
son with fatherly care and solicitude. All seemed to go well at first
with young William. He troubled himself little, to be sure, as to the
province or its affairs, preferring rather to spend his time in hunting
and fishing; but the evil spirit in him soon broke out afresh, and he
plunged once more into a life of wild excess, defying all the laws of
the country, and after he had succeeded in squandering huge sums of
money and making himself thoroughly detested, he went back to England,
unbidden and unregretted.
The payment of these new debts contracted by his son caused Penn great
financial embarrassment, which was still further increased by the
unexpected and extortionate demands of a creditor. This was the
successor of his former advocate and man of business, who at the time of
Penn’s first journey to America had advanced him the sum of twenty-eight
hundred pounds in exchange for which and ostensibly as a mere matter of
form he had induced his unsuspecting client to sign a bond pledging the
whole province of Pennsylvania as security. Now without any warning an
account of fourteen thousand pounds was sent in to Penn with the threat
that an attachment would be served if this sum were not immediately
paid. After investigating this fraudulent account, he declared himself
willing to settle for some four thousand pounds, all to which the
creditor was justly entitled. This the latter refused to accept,
however, and the owner of Pennsylvania was forced to go to a debtors’
prison as the assembly of that colony refused to make him any advances
or even pay the revenues owing to him. In this emergency Penn offered
for the sum of twenty thousand pounds to sell his whole province to
Queen Anne, who, as the second daughter of the dethroned King James the
Second, had succeeded to the throne on the death of William the Third,
in 1702. She refused to take it, however, and at length he managed by
great effort to raise between seven and eight thousand pounds, with
which his false creditor finally agreed to content himself, Penn thereby
procuring release.
Public-domain text, read in full here on John Shaqi.
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