**** ROTATE **** **** ROTATE **** **** ROTATE **** **** ROTATE ****

Find this Story

Print, a form you can hold

Wireless download to your Amazon Kindle

Look for a summary or analysis of this Story.

Enjoy this? Share it!

PAGE 7

Usurers Of The Seventeenth Century
by [?]

[Footnote 1:
The Court of Wards was founded in the right accorded to the king from the earliest time, to act as guardian to all minors who were the children of his own tenants, or of those who did the sovereign knightly service. They were in the same position, consequently, as the Chancery Wards of the present day; but much complaint being made of the private management of themselves and their estates by the persons who acted as their guardians, and who were responsible only to the king’s exchequer, King Henry VIII., in the thirty-second year of his reign, founded “the Court of Wards” in Westminster Hall, as an open court of trial or appeal, for all persons under its jurisdiction. In the following year, a court of “liveries” was added to it; and it was always afterwards known as the “Court of Wards and Liveries.” By “liveries” is meant, in old legal phraseology, “the delivery of seisin to the heir of the king’s tenant in ward, upon suing for it at full age,” the investiture, in fact, of the ward in his legal right as heir to his parents’ property. This court was under the conduct of a very few officers who enriched themselves; and one of the first acts of the House of Lords, when the great changes were made during the troubles of Charles I., was to suppress the court altogether. This was done in 1645, and confirmed by Cromwell in 1656. At the restoration of Charles II. it was again specially noted as entirely suppressed. ]

[Footnote 2:
D’Ewes’s father lost a manor, which was recovered by the widow of the person who had sold it to him. Old D’Ewes considered this loss as a punishment for the usurious loan of money; the fact is, that he had purchased that manor with the interests accumulating from the money lent on it. His son entreated him to give over “the practice of that controversial sin.” This expression shows that even in that age there were rational political economists. Jeremy Bentham, in his little treatise on Usury, offers just views, cleared from the indistinct and partial ones so long prevalent. Jeremy Collier has an admirable Essay on Usury, vol. iii. It is a curious notion of Lord Bacon, that he would have interest at a lower rate in the country than in trading towns, because the merchant is best able to afford the highest. ]

[Footnote 3:
In Rowley’s “Search for Money,” 1609, is an amusing description of the usurer, who binds his clients in “worse bonds and manacles than the Turk’s galley-slaves.” And in Decker’s “Knights’ Conjuring,” 1607, we read of another who “cozen’d young gentlemen of their land, had acres mortgaged to him by wiseacres for three hundred pounds, payde in hobby-horses, dogges, bells, and lutestrings; which, if they had been sold by the drum, or at an outrop (public auction), with the cry of ‘No man better,’ would never have yielded L50.” ]

[Footnote 4:
“The Meeting of Gallants at an Ordinarie, or the Walkes in Powles,” 1603, is the title of a rare tract in the Malone collection, now in the Bodleian Library. It is a curious picture of the manners of the day. ]

[Footnote 5:
Games with cards. Strutt says Primero is one of the most ancient games known to have been played in England, and he thus describes it:–“Each player had four cards dealt to him, the 7 was the highest card in point of number that he could avail himself of, which counted for 21; the 6 counted for 16, the 5 for 15, and the ace for the same; but the 2, the 3, and the 4 for their respective points only. The knave of hearts was commonly fixed upon for the quinola, which the player might make what card or suit he thought proper; if the cards were of different suits, the highest number won the primero; if they were all of one colour, he that held them won the flush.” Gleek is described in “Memoirs of Gamesters,” 1714, as “a game on the cards wherein the ace is called Tib, the knave Tom, the 4 of trumps Tiddy. Tib the ace is 15 in hand and 18 in play, because it wins a trick; Tom the knave is 9, and Tiddy is 4; the 5th Towser, the 6th Tumbler, which, if in hand, Towser is 5 and Tumbler 6, and so double if turned up; and the King or Queen of trumps is 3. Now, as there can neither more nor less than 3 persons play at this game, who have 12 cards a-piece dealt to them at 4 at a time, you are to note that 22 are your cards; if you win nothing but the cards that were dealt you, you lose 10; if you have neither Tib, Tom, Tiddy, King, Queen, Mournival, nor Gleek, you lose, because you count as many cards as you had in tricks, which must be few by reason of the badness of your hand; if you have Tib, Tom, King and Queen of trumps in your hand, you have 30 by honours, that is, 8 above your own cards, besides the cards you win by them in play. If you have Tom only, which is 9, and the King of trumps, which is 3, then you reckon from 12, 13, 14, 15, till you come to 22, and then every card wins so many pence, groats, or what else you play’d for; and if you are under 22, you lose as many.” ]

[Footnote 6:
A note to Singer’s edition of “Hall’s Satires,” says the phrase originated from the popular belief that the tomb of Sir John Beauchamp, in old St. Paul’s, was that of Humphrey Duke of Gloucester. Hence, to walk about the aisles dinnerless was termed dining with Duke Humphrey; and a poem by Speed, termed “The Legend of his Grace,” etc., published 1674, details the popular idea–

Nor doth the duke his invitation send
To princes, or to those that on them tend,
But pays his kindness to a hungry maw;
His charity, his reason, and his law.
For, to say truth, Hunger hath hundreds brought
To dine with him, and all not worth a groat.
]