Sarah Churchill on the Credit Crunch:

Among those who sold their shares in the South Sea Co. and made a killing before it all went chalk-outline-of-banker-on-the-pavement shaped, was Sarah Churchill (née Jenyns), Duchess of Marlborough.

Her Duke, the victor of Blenheim, Ramillies, Oudenarde and Malplaquet, may, as she reported, have on his return "pleasured her twice in his top boots", but financially she wore the trousers. It was she who built Blenheim palace and its grounds, and amassed a vast and lasting fortune.

Her punditry is as pertinent today as it was in 1720:

"Every mortal that has common sense or that knows anything of figures, sees that 'tis not possible by all the arts and tricks upon earth long to carry £400,000,000 of paper credit with £15,000,000 of specie. This makes me think that this project must burst in a little while and fall to nothing."

Scandal-broth: Tea

Might it be for more than Fashion, that the lovely Mrs. H-- H-- H-- has recently shown herself so taken by her new Turban-Hat, from which neither Sun, Rain nor ingallant Breezes can part her?

We have heard that her Attachment to the outlandish Headgear is due to an unfortunate Circumstance - the lady has lost the Wealth of lustrous Curls for which she was rightly famed. Nature is not to be upgraded for this barbarity, however; but rather Mammon.

Her husband, whose debts to Dame Fortune and the Beauties of the Bagnio have made the name H-- H-- a Byword for bad Credit, deserves some degree of Censure. His Lady found it necessary to offer her Tresses on the open Market in order to have anything to serve their Guests at a forthcoming Party.

Swift on the Credit Crunch:

..."How will the caitiff wretch be scared
When first he finds himself awake
At the last trumpet, unprepared,
And all his grand account to make!

For in that universal call,
Few bankers will to Heav'n be mounters:
They'll cry, 'Ye shops, upon us fall!
Conceal and cover us, ye counters.'"

Jonathan Swift, The Run upon the Bankers (repr. 1720)

St. James's Street

Nip through the Park and do a quick dog-leg by way of Spring Garden (an alley), Cockspur, Warwick Street and Pall Mall, and you would find yourself in St. James's Street.

Here you could enjoy the company of the gentle sex (for a price) at the Bagnio at number 63. Next door were Fenton's Hotel and the Cocoa Tree coffee shop (no. 64) which catered to the Tory MPs. The Whigs used the St. James coffee house just up the road at number 60.

White's Chocolate House at number 28 had a gaming room for gamblers, next door to Mrs. Hannah Humphrey's bookshop at no. 27.

Sedan Chair - part one

A Modern Belle going to the Rooms at Bath

James Gillray (1796)

Perspective

I never saw an ugly thing in my life; for let the form of an object be what it may - light, shade and perspective will always make it beautiful.

John Constable

The Bruiser's Reply

Churchill wrote in reply:

Be wicked as thou wilt; do all that's base;
Proclaim thyself the monster of thy race.
Let Vice and Folly thy black soul divide;
Be proud with meanness, and be mean with pride.

I think it's fair to say that he felt stung.

The Bruiser

THE BRUISER, C. CHURCHILL (once the Rev'd!) in the Character of a Russian Hercules. Regaling himself after having Kill'd the Monster Caricaturea that so sorely Gall'd his Virtuous friend, the Heaven born WILKES!

But he had a Club this Dragon to Drub, or he had ne'er don'it, I warrant ye --- Dragon of Wantley

Designed and Engraved by Wm Hogarth Price 1s 6d n Publish'd according to act of Parliament August 1. 1763

Hogarth - depicting himself here in the foreground, in the character of his own pug-dog - is ridiculing the satirist, critic and poet, Charles Churchill (ally of the radical politician John Wilkes, who Hogarth considered an enemy).

Mr. Johnston's Bear

I called at Drury Lane Playhouse for Mr. Garrick... In the theatre there was a fine large dog chained. "This," said he, "is Johnston the boxkeeper's bear, though I don't know which of 'em is the greatest bear."

Johnson on the Credit Crunch:

"Trade may make a man rich; but riches, without goodness, cannot make us happy."

A child of older parents:

...'leads much the same sort of life as a child's dog; teased like that with fondness through folly, and exhibited like that to every company, through idle and empty vanity.'

[Sam Johnson, who suffered from his parents' attention]

A Proper Spectacle

(Lifted from a Hogarth crowd-scene).

Boswell on the Credit Crunch:

...'I now made a very clear calculation of my expenses for the year, and found that I would be able to save £50 out of my allowance... Not satisfied with saving £50, I went to work still nearer, wishing to save £20 more, and with great thought and assiduity did I compute. In short, I found myself turning very fond of money and ruminating with a kind of transport on the idea of being worth £70 at the year's end. The desire of being esteemed a clever economist was no doubt mixed in with it, but I seriously think that sheer love of coin was my predominant principle...
I have observed in some preceding period of this my journal that making money is one of the greatest pleasures in life, as it is very lasting and is continually increasing. But it must be observed that a great share of anxiety is the constant concomitant of this passion, so that the mind is as much hurt in one way as it is pleased in another... To keep the golden mean between stinginess and prodigality is the point I should aim at.'

James Boswell, 9 February 1763