The history of England, from the accession of James the Second . rong motives to lend ? A momenthad arrived at which the government found it impossible, without ex-citing the most formidable discontents, to raise by taxation the suppliesnecessary to defend the liberty and independence of the nation ; and,at that very moment, numerous capitalists were looking round them in Houghton says, The buying and selUng of Actions is one of the great trades now on foot. Ifind a great many do not understand the affair. On June 13. and June 22. 1694, he traces thewhole progress of stockjobbing. On July13. o
The history of England, from the accession of James the Second . rong motives to lend ? A momenthad arrived at which the government found it impossible, without ex-citing the most formidable discontents, to raise by taxation the suppliesnecessary to defend the liberty and independence of the nation ; and,at that very moment, numerous capitalists were looking round them in Houghton says, The buying and selUng of Actions is one of the great trades now on foot. Ifind a great many do not understand the affair. On June 13. and June 22. 1694, he traces thewhole progress of stockjobbing. On July13. of the same year he makes the first mention of timebargains. Whoever is desirous to know more about the companies mentioned in the text mayconsult Houghtons Collection, and a pamphlet entitled Anglian Tutamen, published in 1695. 1692 WILLIAM AND MARY 2281 vain for some good mode of investing their savings, and, for want of sucha mode, were keeping their wealth locked up, or were lavishing it onabsurd projects. Riches sufficient to equip a navy which would sweep. THOMAS SHADWELLFrom the painting in the National Portrait Gallery by an unknown artist the German Ocean and the Atlantic of French privateers, riches sufficientto maintain an army which might retake Namur and avenge the disasterof Steinkirk, were lying idle, or were passing away from the owners into 2282 HISTORY OF ENGLAND chm. mx the hands of sharpers. v\ statesman nnL;ht well think that some part ofthe wealth which was daily buried or squandered mii;ht, u ith advantageto the proprietor, to the taxpa)-er, and to the State, be attracted into theTreasury. W li\ meet the extraordinary charge of a \ear of war byseizing the chairs, the tables, the beds of hardworking families, by com-pelling one country gentleman lo cut down his trees Ijefore the\ wereread)- for the axe. another to let the cottages on his land fall to ruin, athird to take away his hojjeful son from the University, when ChangeAUc) was swarming with people who
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