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Usurers Of The Seventeenth Century
by
Audley knew mankind practically, and struck into their humours with the versatility of genius: oracularly deep with the grave, he only stung the lighter mind. When a lord borrowing money complained to Audley of his exactions, his lordship exclaimed, “What, do you not intend to use a conscience?” “Yes, I intend hereafter to use it. We moneyed people must balance accounts: if you do not pay me, you cheat me; but, if you do, then I cheat your lordship.” Audley’s moneyed conscience balanced the risk of his lordship’s honour against the probability of his own rapacious profits. When he resided in the Temple among those “pullets without feathers,” as an old writer describes the brood, the good man would pule out paternal homilies on improvident youth, grieving that they, under pretence of “learning the law, only learnt to be lawless;” and “never knew by their own studies the process of an execution, till it was served on themselves.” Nor could he fail in his prophecy; for at the moment that the stoic was enduring their ridicule, his agents were supplying them with the certain means of verifying it. It is quaintly said, he had his decoying as well as his decaying gentlemen.
The arts practised by the money-traders of that time have been detailed by one of the town-satirists of the age. Decker, in his “English Villanies,” has told the story: we may observe how an old story contains many incidents which may be discovered in a modern one. The artifice of covering the usury by a pretended purchase and sale of certain wares, even now practised, was then at its height.
In Measure for Measure we find,
“Here’s young Master Rash, he’s in for a commodity of brown
paper and old ginger, nine score and seventeen pounds; of
which he made five marks ready money.”
The eager “gull,” for his immediate wants, takes at an immense price any goods on credit, which he immediately resells for less than half the cost; and when despatch presses, the vender and the purchaser have been the same person, and the “brown paper and old ginger” merely nominal.[3]
The whole displays a complete system of dupery, and the agents were graduated. “The Manner of undoing Gentlemen by taking up of Commodities,” is the title of a chapter in “English Villanies.” The “warren” is the cant term which describes the whole party; but this requires a word of explanation.
It is probable that rabbit-warrens were numerous about the metropolis, a circumstance which must have multiplied the poachers. Moffet, who wrote on diet in the reign of Elizabeth, notices their plentiful supply “for the poor’s maintenance.”–I cannot otherwise account for the appellatives given to sharpers, and the terms of cheatery being so familiarly drawn from a rabbit-warren; not that even in that day these cant terms travelled far out of their own circle; for Robert Greene mentions a trial in which the judges, good simple men! imagined that the coney-catcher at the bar was a warrener, or one who had the care of a warren.
The cant term of “warren” included the young coneys, or half-ruined prodigals of that day, with the younger brothers, who had accomplished their ruin; these naturally herded together, as the pigeon and the black-leg of the present day. The coney-catchers were those who raised a trade on their necessities. To be “conie-catched” was to be cheated. The warren forms a combination altogether, to attract some novice, who in esse or in posse has his present means good, and those to come great; he is very glad to learn how money can be raised. The warren seek after a tumbler, a sort of hunting dog; and the nature of a London tumbler was to “hunt dry-foot,” in this manner:–“The tumbler is let loose, and runs snuffing up and down in the shops of mercers, goldsmiths, drapers, haberdashers, to meet with a ferret, that is, a citizen who is ready to sell a commodity.” The tumbler in his first course usually returned in despair, pretending to have out-wearied himself by hunting, and swears that the city ferrets are so coaped (that is, have their lips stitched up close) that he can’t get them to open to so great a sum as L500, which the warren wants. “This herb being chewed down by the rabbit-suckers, almost kills their hearts. It irritates their appetite, and they keenly bid the tumbler, if he can’t fasten on plate, or cloth, or silks, to lay hold of brown paper, Bartholomew babies, lute-strings, or hob-nails. It hath been verily reported,” says Decker, “that one gentleman of great hopes took up L100 in hobby-horses, and sold them for L30; and L16 in joints of mutton and quarters of lamb, ready roasted, and sold them for three pounds.” Such commodities were called purse-nets.–The tumbler, on his second hunt, trots up and down again; and at last lights on a ferret that will deal: the names are given in to a scrivener, who inquires whether they are good men, and finds four out of the five are wind-shaken, but the fifth is an oak that can bear the hewing. “Bonds are sealed, commodities delivered, and the tumbler fetches his second career; and their credit having obtained the purse-nets, the wares must now obtain money.” The tumbler now hunts for the rabbit suckers, those who buy these purse-nets; but the rabbit-suckers seem greater devils than the ferrets, for they always bid under; and after many exclamations the warren is glad that the seller should repurchase his own commodities for ready money, at thirty or fifty per cent. under the cost. The story does not finish till we come to the manner “How the warren is spoiled.” I shall transcribe this part of the narrative in the lively style of this town writer. “While there is any grass to nibble upon, the rabbits are there; but on the cold day of repayment they retire into their caves; so that when the ferret makes account of five in chase, four disappear. Then he grows fierce, and tears open his own jaws to suck blood from him that is left. Serjeants, marshalmen, and bailiffs are sent forth, who lie scenting at every corner, and with terrible paws haunt every walk. The bird is seized upon by these hawks, his estate looked into, his wings broken, his lands made over to a stranger. He pays L500, who never had but L60, or to prison; or he seals any bond, mortgages any lordship, does anything, yields anything. A little way in, he cares not how far he wades; the greater his possessions are, the apter he is to take up and to be trusted–thus gentlemen are ferretted and undone!” It is evident that the whole system turns on the single novice; those who join him in his bonds are stalking horses; the whole was to begin and to end with the single individual, the great coney of the warren. Such was the nature of those “commodities” to which Massinger and Shakspeare allude, and which the modern dramatist may exhibit in his comedy, and be still sketching after life.