Letter to Thomas R. Bacon : London? : ALS, 1904 May 28.
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The South Sea Company was founded in 1711 to trade with Spanish America, on the assumption that the War of the Spanish Succession would end with a treaty permitting such trade. The Treaty of Utrecht, 1713, was less favourable than had been hoped, but confidence in the Company remained artificially high. In 1720, there was an incredible boom in South Sea stock, as a result of the Company's proposal, accepted by parliament, to take over the national debt (South Sea Bubble). This eventually led to ...
James Bryce, 1st Viscount Bryce, was a British writer, historian and statesman. Born in Belfast, he was educated at Glasgow University and later Oxford, he practiced law briefly, but returned to Oxford as a professor of civil law. He served in Parliament for many years, and held several government positions, including Ambassador to the United States. A renowned historian, he was also a productive writer of travel books, law tracts, and political theory. Universally admired and liked, an obituary...