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The South Sea Bubble, and the Numerous Fraudulent Projects to Which It Gave ...
South Sea Bubble
Keine Leseprobe verfügbar - 2017
able Act of Parliament additional advantage afterwards Alley allowed already amount annuities appeared Association Assurance Bank benefit bill bonds British brought bubbles building buying called capital carried cent charter Commons company's considerable court debts directors Ditto Equitable estates fishery five hundred formed fortune four hundred funds gain give granted Hibernian hope House hundred pounds improving Insurance interest Investment King lands Loan London Lord managers means millions Mining money subscriptions months nine officers opened opinion original paid pany passed payment persons present projects proposed proprietors purchase raising redeemable respectable rise Royal ruin scheme sell seven shares shillings ships sold South Sea Company South Sea stock speculation statute subscribed subscription third thousand pounds tion trade transfer undertaking Water whole
Seite 17 - In the mean time he declared that every person paying two guineas should be entitled to a subscription for one hundred pounds, which would produce that sum yearly. In one forenoon this adventurer received a thousand of these subscriptions ; and in the evening set out for another kingdom.
Seite 113 - Change in coaches, To fool away the gold they gain By their obscene debauches. Long heads may thrive by sober rules, Because they think and drink not, But headlongs are our thriving fools, Who only drink and think not. The lucky rogues, like spaniel dogs, Leap into South-Sea water, And there they fish for golden frogs, Not caring what comes a'ter.
Seite 23 - Commons, that they had already discovered a train of the deepest villainy and fraud that hell ever contrived to ruin a nation...
Seite 14 - ... of any consequence. It was buoyed up by nothing but the folly and rapaciousness of individuals, which became so blind and extravagant, that Blunt, with moderate talents, was able to impose upon the whole nation, and make tools of the other directors, to serve his own purposes, and those of a few associates. When this projector found that the South Sea stock did not rise according to his expectation upon the...
Seite 6 - South-Sea stock, and once supposed himself to be master of twenty thousand pounds. His friends persuaded him to sell his share; but he dreamed of dignity and splendour, and could not bear to obstruct his own fortune. He was then importuned to sell as much as would purchase a hundred a year for life; " which," says Fenton, " will make you sure of a clean shirt and a shoulder of mutton every day.
Seite 5 - I am tired with politics, and lost in the South Sea. The roaring of the waves, and the madness of the people, were justly put together. I can send you no sort of news, that holds either connection or sense. It is all wilder than St. Anthony's dream ; and the bagatelle is more solid than anything that has been endeavoured here this year.
Seite 113 - Here stars and garters do appear, Among our lords the rabble, To buy and sell, to see and hear, The Jews and gentiles squabble.
Seite 11 - Company ; for, should the stocks be kept at the advanced price to which they had been raised by the oblique arts of stock-jobbing, either that company or its principal members would gain above thirty millions, of...
Seite 19 - Contract. Books were opened at the bank, to take in a subscription for the support of public credit; and considerable sums of money were brought in. By this expedient the stock was raised at first ; and those who contrived it seized the opportunity to realize.