LOTTERY TICKETS AND SOUTH SEA STOCK ARGYLL (John Campbell, c. 1693-1770, from 1761 4th Duke)

Group of 1 Autograph Letter Signed and 2 Signed Receipts to his Banker John PALTOCK (of John Warner & Co.), (a) Autograph Letter Signed to Mr Paltock, asking if he has "inquired after my fifty [lottery] tickets they are in Mr Kelsoes list", and to "pay in the money and charge it to your Humble servant", 1 side 8vo and addressee's name on conjugate leaf, no place, "Wensday past six", (no date), (b) Bank Statement for 15th August - November 1721, headed 'The Honble: Coll. John Campbell', in which Campbell receipts re-payment of his balance of £170 15s 9d, achieved by the sale of £1000 South Sea Stock held for him in Mr Warner's name, after various drawings or short term loans and a payment to Colonel Selwyn of £201 11s 9d, watermark the Stuart Royal Arms within the Garter, (1721), and (c) Signed Receipt for dividends at Christmas 1720 and Midsummer 1721, "on the produce Stock of £5000 3rd and 4th Subscriptions which was in Mr Warner's name", totalling £141 15s, (19th January 1721, 1722 modern reckoning), together 5 sides 8vo, no date and 1721 - light remains of laying down by blank edges without loss

Colonel John Campbell was the eldest son of the Hon. John Campbell of Mamore (c. 1660-1729), second son of Archibald, 9th Duke of Argyll. (Perhaps the 'Hon.ble' here is a courtesy to his father). He had a career in both Parliament and the Army, being made Lieutenant-Colonel in 1712 at the age of only 19. He was Colonel of the 39th Foot (1737-1738), of the 21st Foot (1738-1752), serving with distinction at Dettingen (1745), and from 1752 of the North British Dragoons. He succeeded his cousin the 3rd Duke in 1761.
Colonel John Selwyn, (1688-1751), was also an M.P. and a soldier.
He was Colonel of a new regiment, Colonel John Selwyn's Regiment of Foot, 1709-1711, and succeeded the 2nd Duke of Argyll as Colonel of Prince George of Denmark's Regiment, 1711-1713.
John Paltock also set up his own firm as goldsmith and banker in Fleet Street, by 1716. About 1728 they amalgamated with Thomas Snow, goldsmith, to make Snow & Paltock.
The South Sea Stock is here sold at slightly below par, in two halves at £94 2s and £96 respectively. Stock had risen to nearly £1000 when the 'Bubble' burst in August 1720, after which it dropped back to about £100 by the end of the year. The Company continued its operations, negotiating foreign trade concessions with Spain and managing the National Debt, and was not finally wound up till the mid-nineteenth century.

Item Date:  1722

Stock No:  56533      £575

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