The History and Antiquities of London, Westminster, Southwark, and Parts Adjacent, vol. 3

Allen, Thomas

1827

South Sea House.

An extensive e edifice of brick; the dividend room is a noble apartment, with coupled pilasters of the Corinthian order round it. The ceiling is of stucco divided into compartments. In the court room are full length portraits of George I. II. and III.

The south sea company was established by act of parliament, in the year , under the title of

The company of merchants of Great

Britain

, trading to the South Seas and other parts of America, and for encouraging the fishery.

But although it thus appeared a commercial body, yet its operations were principally financial, and ha e long been wholly so. It had its origin in the arrears due to the army and navy, which exceeded millions; this the south sea company agreed to pay off, and advance an additional sum of upwards of which made the whole loan to government millions ;--credit was given to that amount, and the interest fixed at a year.

The subsequent career of this company has been fully narrated in another part of this work.

Thousands of persons were totally ruined by speculation in this company, which occasioned a dreadful panic in the country, and had it not been for the prudent conduct of government, might have been productive of the most fatal consequences.

259

 

The present south sea company, which is managed by a governor, sub-governor, and directors, annually elected, has no trade, although, when its capital was funded in , - was reserved as a trading capital stock. The amount of the funded capital in south sea stock and annuities, on the , amounted to

The annexed plan of the parish of St. Martin Outwich, , is from a drawing on vellum in the clerks' office, merchant taylor's hall.

In is

 
 
Footnotes:

[] Vol. ii. p. 12.

This object is in collection Subject Temporal Permanent URL
ID:
zg64tx42b
To Cite:
DCA Citation Guide    EndNote
Usage:
Detailed Rights
View all images in this book
 Title Page
 Dedication
 CHAPTER I: The site, extent, buildings, population, commerce, and a view of the progressive increase of London
 CHAPTER II: List of the parishes and churches in London, with their incumbents, &c
CHAPTER III: History and Topography of Aldersgate Ward
CHAPTER IV: History and Topography of Aldgate Ward
CHAPTER V: History and Topography of Bassishaw Ward
CHAPTER VI: History and Topography of Billingsgate Ward
CHAPTER VII: History and Topography of Bishopsgate Ward, Without and Within
CHAPTER VIII: History and Topography of Bread-street Ward
CHAPTER IX: History and Topography of Bridge Ward Within
CHAPTER X: History and Topography of Broad-street Ward
CHAPTER XI: History and Topography of Candlewick Ward
CHAPTER XII: History and Topography of Castle Baynard Ward
CHAPTER XIII: History and Topography of Cheap Ward
CHAPTER XIV: History and Topography of Coleman-street Ward
CHAPTER XV: History and Topography of Cordwainer's-street Ward
CHAPTER XVI: History and Topography of Cornhill Ward
CHAPTER XVII: History and Topography of Cripplegate Ward Within
CHAPTER XVIII: History and Topography of Cripplegate Yard Without
CHAPTER XIX: History and Topography of Dowgate Yard
CHAPTER XX: History and Topography of Farringdom Ward Within
CHAPTER XXI: History and Topography of Farringdon Ward Without
CHAPTER XXII: History and Topography of Langbourn Ward
CHAPTER XXIII: History and Topography of Lime-street Ward
CHAPTER XXIV: History and Topogrpahy of Portsoken Ward
CHAPTER XXV: History and Topography of Queenhithe Ward
CHAPTER XXVI: History and Topography of Tower Ward
CHAPTER XXVII: History and Topography of Vintry Ward
CHAPTER XXVIII: History and Topography of Wallbrook Ward