south sea bubble
KENT, Henry Grey (Duke of).
Autograph letter signed to Charles Lockyer, Comptroller of the South Sea Company requesting payment of a dividend.
August 6th 1725.
Many members of Britain's elite were ruined by the collapse. This letter from Henry Grey, Duke of Kent (d.1740) to the company's Comptroller was an attempt, likely futile, to recoup a dividend on the enormous sum of £23,610:12 (equivalent to £2,700,000 in today's money) which had been due since 'midsum[m]er last'. Poor Kent already enjoyed an unfortunate reputation, and had to put-up with the demeaning soubriquet 'Bug' owing to his apparent body odour.
Autograph letter; small 4to (19 x 16 cm); later MS notes in pen to footer giving brief epitome of Kent's life, pencil MS notes to verso repeating information, single leaf.
Stock code 84356
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Autograph letter signed
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