Page:Craik History of British Commerce Vol 2.djvu/198

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196
HISTORY OF

Then there was a vast number of what Anderson describes as "Projects or bubbles, having neither charter nor act of parliament to authorise them; none of which were under one million, and some went as far as ten millions;" "very many whereof," he adds, "are distinctly remembered by the author of this work, how ridiculous and improbable soever they may now seem to many not acquainted with the infatuation of that year." The prices of the shares of only a few of those are given; but one example, that of the Orkney Fishery, the stock of which rose from 25l. to 250l., may show that the most unsubstantial among them did not fail to be turned into powerful engnies of swindling and plunder. Among them are enumerated eleven other fishing projects—four salt companies—ten insurance companies—four water companies—two companies for the remittance of money—two sugar companies—eleven companies for settlements in or trading to America—two building companies—thirteen land companies—six oil companies—four harbour and river companies—four companies for supplying London with coal, cattle, and hay, and for paving the streets—six hemp, flax, and linen companies—five companies for carrying on the manufacture of silks and cottons, one of which is described as Sir Richard Manningham's Company "for planting of mulberry trees and breeding of silk-worms in Chelsea Park, where two thousand of these trees were actually planted, and many large expensive edifices were erected, the remains whereof are scarcely now to be seen"—fifteen mining companies—and, bringing up the rear, a miscellaneous rabble, sixty in all, among which we read the following titles:—For building of hospitals for bastard children—for importing a number of large jackasses from Spain, in order to propogate a larger kind of mules in England; "for which purpose marsh lands were treating for near Woolwich; a clergyman, long since dead, being at the head of this bubble"—for trading in human hair—for fatting of hogs—for a grand dispensary, three millions—for a wheel for a perpetual motion—for furnishing funerals—for insuring and increasing children's fortunes—