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South Sea House, Threadneedle St (London)

Headquarters

of the Notorious South Sea Company

London – South Sea House, Threadneedle St. The headquarters of the South Sea Company. In front of it waiting carriage and pair, poster bearer as well as further passers-by. Steel engraving by A. Cruse (fl. England 1829-49) after Thomas Hosmer Shepherd (landscapist, architectural draughtsman, and aquarellist, 1793-1864). Inscribed: Drawn by Tho. H. Shepherd. / Engraved by A. Cruse., otherwise as above. 4⅜ × 6 in (11 × 15.2 cm).

Formed 1711 by members of the government and some merchants under the disguise of an extremely lucrative trade monopoly with the Spanish colonies in South America, the South Sea Company really served as special purpose vehicle for moving national debt. The issuing of ever more stock necessary in turn ultimately led to the wild speculation of the South Sea Bubble of 1720. Even after the bubble had burst national debt was still moved into the South Sea Company till 1853, however, the – further on small – trade was discontinued already at the end of the Seven Years’ War in 1763. – Somewhat intrusive foxspot in the area of the carriage.

Offer no. 9,232 | EUR 25. (c. US$ 30.) + shipping


“ I receives them today in very good condition, thank you and dont forget to tell me about … items, best regards ”

(Sign. L. B., April 5, 2002)