Page:Dictionary of National Biography volume 58.djvu/375

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Viner
367
Viner

ment to provide money for the opposing armies in the civil war. He was appointed in 1661 ‘the king's goldsmith.’ He also became Charles's principal banker, and advanced large sums of money for the king's use and the public service. This he was able to do at a profit by receiving money on deposit from the city companies and private persons, for which he usually allowed six per cent., the interest charged to the government being often much greater. In June 1661 he advanced 30,000l. on security of the excise and customs duties for paying the army in Ireland. After the destruction of his house in the great fire of 1666, Viner obtained the king's permission to deposit his money and jewels in Windsor Castle for safe keeping. In the same year, several of the farmers of the hearth money being unable to pay their proportions of 250,000l. to be advanced to the king, Viner and three others supplied the whole on promise of six per cent. added to the king's six per cent. It appears that he had advanced in the previous year, during the plague, 300,000l. for the navy, household, and guards (Cal. State Papers, Dom. 1666–7, p. 433). In February 1667 he offered, with Alderman Blackwell, to farm for 800,000l., to be paid in six weeks, the present poll bill, which through the expenses in collecting had been estimated to produce only 480,000l. The extravagance of the court and the expenses of the Dutch war exhausted the means of the bankers to continue their advances, even to pay the sailors, who threatened if they were not paid to go over to the Dutch. Pepys records the run of the aristocracy and the public upon the bankers, and fears they ‘are broke as to ready money.’ To relieve the king and his ministers from their embarrassment, two members of the Cabal cabinet proposed the shameful expedient of closing the exchequer, which then possessed advances from the bankers amounting to 1,300,000l. It was announced in January 1672 that it was not convenient to pay the principal, and that lenders must content themselves with interest. No interest, however, appears to have been paid until 1677. The closing of the exchequer put an end to Viner's business; his deposits amounted to 416,724l. 13s. 1½d., for which he was to receive an annuity of 25,003l. 9s. 4d. out of the excise, and his customers were ordered not to sue him for his debts. Viner called his creditors together by advertisement in the ‘London Gazette’ of 17, 20, and 24 March 1683. He offered them one-fifth of his debt in hard cash and the remaining four-fifths as a charge upon the yearly sum of 25,003l. 9s. 4d. secured to him upon the excise. Some of his creditors refused to accept these conditions, and at the end of 1683 or early in 1684 they obtained a statute of bankruptcy against him. After some further appeals he induced certain of the creditors to agree to a modification of his proposals. Printed copies of Viner's proposals to his creditors, dated 12 Dec. and 22 March 1683, are preserved in the Guildhall Library (Choice Scraps, vol. i. No. 84). The opposing creditors pressed for the sale of his country estate. This he declared himself ready to do, in an advertisement which appeared in the ‘London Gazette,’ 15 Jan. 1684–5 (cf. Gent. Mag. 1769, p. 516).

Domestic trouble followed on the wreck of his fortune. In June 1688 occurred the death of his only child, Charles, at the age of twenty-two, who had just been called to the bar from the Inner Temple. This seems to have broken his heart. He died suddenly at Windsor Castle on 2 Sept. 1688, and he was buried on Sunday night, 16 Sept., in St. Mary Woolnoth's Church, Lombard Street, in his vault in the south chapel.

He married, on 14 June 1665, Mary, daughter of John Whitchurch of Walton, Berkshire, and relict of Sir Thomas Hyde of Albury, Hertfordshire, to whom she was married on 11 June 1660. She died on 9 March 1674, and was buried in St. Mary Woolnoth. By his will, dated 20 Aug. 1688, and proved on 4 Oct. by Thomas Viner, nephew of the deceased, he ordered the sale of his estates, and payment to his creditors from the proceeds of thirty per cent. upon the principal, the balance of principal and interest remaining due to them to be charged upon the grant of excise made to him by Charles II. After legacies to the royal hospitals of London, he left the remainder of his estate to his nephews and nieces. The efforts of Thomas Viner, Sir Robert's nephew and executor, to settle with the creditors proved unsuccessful; but finally in the 10th and 11th years of William III's reign ‘An Act of Parliament for the relief of the Creditors of Sir Robert Vyner, Knight and Baronet, deceased,’ was passed.

Viner's house of business stood next to St. Mary Woolnoth in Lombard Street, and was a handsome building. It remained till the early part of last century; a view taken about 1793 appears in Brayley's ‘Londiniana.’ The freehold was purchased in 1705 for the General Post Office, at a cost of 6,500l., the large building affording accommodation for the employés, who were then obliged to live in or near the office (Joyce, History of the Post Office, 1893, pp. 70–1). His country house was Swakeley, at Ickenham, Middlesex,