Volume 1 Part 3 (2/2)
”At the Council Chamber, Whitehall, the 12th day of July, 1720. Present, their Excellencies the Lords Justices in Council.
”Their Excellencies, the Lords Justices in council, taking into consideration the many inconveniences arising to the public from several projects set on foot for raising of joint stock for various purposes, and that a great many of his Majesty's subjects have been drawn in to part with their money on pretence of a.s.surances that their pet.i.tions for patents and charters, to enable them to carry on the same, would be granted: to prevent such impositions, their Excellencies, this day, ordered the said several pet.i.tions, together with such reports from the Board of Trade, and from his Majesty's Attorney and Solicitor General, as had been obtained thereon, to be laid before them, and after mature consideration thereof, were pleased, by advice of his Majesty's Privy Council, to order that the said pet.i.tions be dismissed, which are as follow:--
”1. Pet.i.tion of several persons, praying letters patent for carrying on a fis.h.i.+ng trade, by the name of the Grand Fishery of Great Britain.
”2. Pet.i.tion of the Company of the Royal Fishery of England, praying letters patent for such further powers as will effectually contribute to carry on the said fishery.
”3. Pet.i.tion of George James, on 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. Pet.i.tion of several merchants, traders, and others, whose names are thereunto subscribed, praying to be incorporated for reviving and carrying on a whale fishery to Greenland and elsewhere.
”5. Pet.i.tion 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 pet.i.tion for a Greenland trade.
”7. Pet.i.tion of several merchants, gentlemen, and citizens, praying to be incorporated, for buying and building of s.h.i.+ps to let or freight.
”8. Pet.i.tion of Samuel Antrim and others, praying for letters patent for sowing hemp and flax.
”9. Pet.i.tion of several merchants, masters of s.h.i.+ps, sail-makers, and manufacturers of sail-cloth, praying a charter of incorporation, to enable them to carry on and promote the said manufactory by a joint stock.
”10. Pet.i.tion of Thomas Boyd, and several hundred merchants, owners and masters of s.h.i.+ps, sailmakers, weavers, and other traders, praying a charter of incorporation, empowering them to borrow money for purchasing lands, in order to the manufacturing sail-cloth and fine Holland.
”11. Pet.i.tion on behalf of several persons interested in a patent granted by the late King William and Queen Mary, for the making of linen and sail-cloth, praying that no charter may be granted to any persons whatsoever for making sail-cloth, but that the privilege now enjoyed by them may be confirmed, and likewise an additional power to carry on the cotton and cotton-silk manufactures.
”12. Pet.i.tion of several citizens, merchants, and traders in London, and others, subscribers to a British stock, for a general insurance from fire in any part of England, praying to be incorporated for carrying on the said undertaking.
”13. Pet.i.tion of several of his Majesty's loyal subjects of the city of London, and other parts of Great Britain, praying to be incorporated, for carrying on a general insurance from losses by fire within the kingdom of England.
”14. Pet.i.tion of Thomas Burges, and others his Majesty's subjects thereto subscribing, in behalf of themselves and others, subscribers to a fund of 1,200,000 pounds, for carrying on a trade to his Majesty's German dominions, praying to be incorporated, by the name of the Harburg Company.
”15. Pet.i.tion of Edward Jones, a dealer in timber, on behalf of himself and others, praying to be incorporated for the importation of timber from Germany.
”16. Pet.i.tion of several merchants of London, praying a charter of incorporation for carrying on a salt-work.
”17. Pet.i.tion of Captain Macphedris, of London, merchant, on behalf of himself and several merchants, clothiers, hatters, dyers, and other traders, praying a charter of incorporation, empowering them to raise a sufficient sum of money to purchase lands for planting and rearing a wood called madder, for the use of dyers.
”18. Pet.i.tion of Joseph Galendo, of London, snuff-maker, praying a patent for his invention to prepare and cure Virginia tobacco for snuff in Virginia, and making it into the same in all his Majesty's dominions.”
LIST OF BUBBLES.
The following Bubble Companies were by the same order declared to be illegal, and abolished accordingly:--
1. For the importation of Swedish iron.
2. For supplying London with sea-coal. Capital, three millions.
3. For building and rebuilding houses throughout all England. Capital, three millions.
4. For making of muslin.
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