Antiquates Limited - Logo

THE DANGER OF STOCKJOBBING, AND POOR IRON

[IRON PRODUCTION]. A Letter from a Merchant at Whitehaven to his Friend in London.

[s.i., London?]. [s.n.], [s.d., c. 1730]
Folio. 3pp, [1]. Docket title to verso of second leaf. Disbound, with slight chipping at gutter and extremities, old folds, slightly browned to extremities. Wax crayon numeral and ink paginations at head.
A rare example of early eighteenth-century lobbying literature, composed 'four years since' ironmaster and mintmaster William Wood (1671-1730) began exploiting newly developed methods of producing 'Iron with Oar and Pitcoal in Air-Furnaces' in enormous industrial works at Whitehaven, apparently composed to discourage the Government from providing funds for the building of further furnaces near Chelsea high-road.

In addition to decrying the quality of the iron produced, and 'several notorious Frauds practised' by Wood's operation, this work warned of the danger of his somewhat novel company incorporation practices, and the possibility of these resulting in 'Stock-Jobbing, and the Arts of raising Bubbles'.

Rare; ESTC locates a single copy (BL).
ESTC T20614.
£ 450.00 Antiquates Ref: 27281