The South-sea Bubble.

Clutha Leader, Volume I, Issue 9, 3 September 1874, Page 4

The South-sea Bubble.

I. " (Continued from our last.) The following copy of their lordships' order, containing a list, of all these nefarious projects, will not be deemed uninteresting at „ the present time', when, at periodic intervale, there is but too much tendency in the public rhiud to indulge in similar practices : "At the Council Chamber, Whitehall, the 12th day oi July, 1720. Prepent, their Excellencies the Lord Justices in Council. "Their Excellencies the Lord Justices, iti council, tiking into consideration the many inconveniences arising to the public from'several projects set on foot for raising of joint-stock for various purpose**, and that a great many ot his maj .sty's subjects have been drawn in to part with their money on pretence of assurances that their petitions for pc tents and charters to enable them to carry on the same would be granted : to , prevent such impositions, their Exsellencies this day ordered the saiJ several petitions, together with su*h reports from the Board of Trade, and from tti-* Majesty's attorney and solicitor-general, as had been obtained the*-eoi», to be laid before them ; and after mature consideration thereof, wtre pleased, by advice of hia majesty's privy council, to order that the said petitions be dismissed, which are as follow : *• i. p etition of several persons, praying letters patent for carrying on a fishing trade by tbe name of the Grand Fishery of Great Britain. " 2. "Petition of the Company of the Royal Fishery df England j praying letters patent for such fuither powers as will effectually contribute to carry on the said fishery. *' 3. Petition of George James, ori behalf of himself and divers persons of distinction concerned in a national fishery, praying letters patent of incorporation, to enable them to carry on the same. , "4. Petition of several merchants, tra- | ders, and others, whose names are thereto subscribed, praying to be incorporated for i reviving and carrying on a whale fishery to Greenland and elsewhere. " 5. Petition of Sir John Lambert and others thereto subscribing, on behalf of themselves and a great number of merchants, praying to be incorporated for carrying on a Greenland trade, and particularly a whale fishery in Davis's Straits. "6. Another petition for a Greenland trade. " 7. Petition of several merchants, gent'emen, and citizens, praying to be incorporrtted for buying and building of ships to ltt or freight. "8. Petition of Samuel Antrim an^ other?, praying for letters patent for sowing hemo and fhx. " §. Petition of several merchants, masters of ships, pail makers, and manufacturers of sail cloth, prayiu-j* a charter of incorporation, to enable them to carry on and promote the said manufai_tory by a j'dnt-sf"ck. " 10. Petition of Thomas Boyd and several hundred merchants, owners and masters of ships, sail makers, weavers, and othpr traders, praying a charter of inoorporation, empowering totm to borrow money for purchasing lands, in order to the manufacturing f-ail cloth and fine hd.land. - "11. -Petition on behalf of several persons .interested in a patent granted by the lute ' Kins* William and Queen Man* for the mahi'g.of li~en and sailcloth, pra-ingthat no charter may be granted to any persoi s whatsoever for making sail cloth,. but that the privilege now enj yed by them may be confirmed, and likewise an additions! power to c-irry on the cotton and cotton- 6_lkraanu- ' facture?. "12. Petition of several .c^izensj- merchants, and trader** in L.ridooV-fnd others, subscribers to a British sto.ck^for a general insurance from fire in any part of En|nind, prayiii!*- to he incorporated for "carrying on the said undertaking. List of Bubbles. The following Bubble Companies were by the came order declared to be illegal, and abolis'-ed accordingly: — For the importation of Swedish iron. For supplying London with sea-coal. For building and retraining houses throughout all England — capital, three millions. For making of muslin. For supplying the town of Deal with f,e*h water. For the iropo tation of Flanders lace. For improvement of lands in Great Br tain — capital, four millions. For encouraging the-- breed of horse.-? in England, and improving of glede and church lands, and for repairing and rebuilding parsonage and vicarage houses. For trading in hair. For erecting silk works iv Holy Island — capital two millions. For buying and selling estates, and lending money on mortgage. For carrying on an undertaking of great advantage — but nobody to know what it is. For paving the streets of London — capital, two millions. For furnishing funerals to any part of Great Britain. For buying; and selling lands and lending noiiey at interest, — cai>ital, five millions. For carrying on the royal fishery ot Great Britain — capital, ten millions. For assuring of seamen's wages. For erecting loan-offices for the assistance aud encouragement of the industrious. For improving the art of making soap. For a wh*.el for perpetual motion — capital, one million For supplying the London mar-kr-ts' with cat'le. For improving malt liquors— capital, two millions. (There are about eighty other companies, equally absurd, which. our space prevents us from enumerating. )