MRP: C5/53/26 f. 1 - Revision history

ColinGreenstreet: /* Abstract & context */

2016-06-03T19:36:44Z

‎Abstract & context

Francescagreenstreet at 14:34, January 5, 2012

2012-01-05T14:34:38Z

ColinGreenstreet at 02:12, October 30, 2011

2011-10-30T02:12:59Z

ColinGreenstreet at 02:11, October 30, 2011

2011-10-30T02:11:52Z

ColinGreenstreet at 16:23, October 29, 2011

2011-10-29T16:23:18Z

ColinGreenstreet at 16:16, October 29, 2011

2011-10-29T16:16:23Z

ColinGreenstreet at 15:01, October 29, 2011

2011-10-29T15:01:06Z

ColinGreenstreet at 14:19, October 29, 2011

2011-10-29T14:19:27Z

ColinGreenstreet at 14:17, October 29, 2011

2011-10-29T14:17:31Z

ColinGreenstreet at 14:17, October 29, 2011

2011-10-29T14:17:10Z

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 The trade started with the purchase of £800 of iron and copper, which were shipped to London, but incorrectly consigned only to William Cuttler, rather than to the joint names of John Buckworth and William Cuttler as required by the founding treaty.  This first trade was funded as agreed via bills of exchange.  However, the partners had not yet raised money for the joint stock account, when the bills from Hamburg and Amsterdam arrived, and instead the partners arranged a loan of £800 from John Colvile.
-  Further purchases of iron and copper were made by the factors at the request of the partners, and Sir William Ryder suggested borrowing £2000 from another London merchant, Richard Bayly (his former servant and son-in-law).
+Further purchases of iron and copper were made by the factors at the request of the partners, and Sir William Ryder suggested borrowing £2000 from another London merchant, Richard Bayly (his former servant and son-in-law).
 The Chancery suit arose due to a dispute regarding this loan of £2000 from Bayly to the joint stock.  A bond had been signed and sealed and held at the scrivener who prepared it, to be released to Bayly on receipt of the funds by Colville.  However, the funds, if they were transferred at all, are alleged in the Bill of Complaint to have been paid from Bayly directly to Sir William Ryder, rather than to Colville.  Nevertheless, Bayly came into possession of the bond.
@@ Line 40: / Line 40: @@
 NOTE: Sir William Ryder states in his answer (C5/53/26 f. 2) to the Bill of Complaint that the purpose was "a trade of Iron & Copp barrs & other Merchandize fitt for the Guinney trade whereof all the ptners were & are free but not all free to import goods from Sweedland to be imported from Stockholme in Swedland."
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 ==Transcription==

@@ Line 1: / Line 1: @@
-==C5/53/26 f. 1==
+'''C5/53/26 f. 1'''
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-===Abstract===
+__TOC__
-Four London merchants, Sir Richard Ford(e), John Buckworth, William Cuttler, and Sir William Ryder, agreed in May 1664 to pursue a Joint Trade in iron and copper purchased in Stockholm, Sweden and transported to London for sale.  The Joint Trade was to be funded from a Joint Stock, which was to be held by the London goldsmith, John Colvile.  The amount of capital to be subscribed to the Joint Stock was unspecified in the treaty by which the Joint Trade and Joint Stock was created, but was to be on an equal basis.  The managing partner was named as Sir William Ryder, though the trade was to be managed by John Buckworth and William Cutler.  Two factors, XXXXX Sowton and Thomas Cuttler (son of one of the four partners, William Cuttler) were based in Stockholm and were to purchase the metals.  Payment was to be via bills of exchange which Sowton and Thomas Cuttler were to draw on named merchants in Hamburg and Amsterdam.  These named merchants were to draw bills themselves on the account of the joint stock held with John Colvile in London.  The trade started with the purchase of £800 of iron and copper, which were shipped to London, but incorrectly consigned only to William Cuttler, rather than to the joint names of John Buckworth and William Cuttler as required by the founding treaty.  This first trade was funded as agreed via bills of exchange.  However, the partners had not yet raised money for the joint stock account, when the bills from Hamburg and Amsterdam arrived, and instead the partners arranged a loan of £800 from John Colvile.  Further purchases of iron and copper were made by the factors at the request of the partners, and Sir William Ryder suggested borrowing £2000 from another London merchant, Richard Bayly (his former servant and son-in-law).
+In circumstances which are unclear from reading this Bill of Complaint, Bayly, at some time between 1664 and 1668, the date of this Bill of Complaint, attempted to get repayment of the £2000, from John Buckworth (and possibly also from Sir Richard Ford).  Buckworth resisted, and a suit was launched by Bayly against Buckworth in the Court of King's Bench.
-The Chancery suit arose due to a dispute regarding this loan of £2000 from Bayly to the joint stock.  A bond had been signed and sealed and held at the scrivener who prepared it, to be released to Bayly on receipt of the funds by Colville.  However, the funds, if they were transferred at all, are alleged in the Bill of Complaint to have been paid from Bayly directly to Sir William Ryder, rather than to Colville.  Nevertheless, Bayly came into possession of the bond.  In circumstances which are unclear from reading this Bill of Complaint, Bayly, at some time between 1664 and 1668, the date of this Bill of Complaint, attempted to get repayment of the £2000, from John Buckworth (and possibly also from Sir Richard Ford).  Buckworth resisted, and a suit was launched by Bayly against Buckworth in the Court of King's Bench.  Subsequently, in Chancery, as seen in this Bill of Complaint, Sir Richard Ford and John Buckworth complained against Ryder, William Cuttler, and Richard Bayly, seeking clarity as to whether any loan was ever made and moneys transferred, and if so, to whom, and claiming that Sir William Ryder used Bayly's name without any intention to borrow funds from Bayly.  Reference is made in the Bill to John Colvile himself having brought suit for the repayment of his loan of £800 to the partners of the Joint Stock.
+Subsequently, in Chancery, as seen in this Bill of Complaint, Sir Richard Ford and John Buckworth complained against Ryder, William Cuttler, and Richard Bayly, seeking clarity as to whether any loan was ever made and moneys transferred, and if so, to whom, and claiming that Sir William Ryder used Bayly's name without any intention to borrow funds from Bayly.  Reference is made in the Bill to John Colvile himself having brought suit for the repayment of his loan of £800 to the partners of the Joint Stock.
 NOTE: Sir William Ryder states in his answer (C5/53/26 f. 2) to the Bill of Complaint that the purpose was "a trade of Iron & Copp barrs & other Merchandize fitt for the Guinney trade whereof all the ptners were & are free but not all free to import goods from Sweedland to be imported from Stockholme in Swedland."
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-===Transcription===
+==Transcription==
 //XXXX//
@@ Line 170: / Line 200: @@
 //
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-===Commentary===
+==Notes==
 Pepys mentions walking with John Colvile, goldsmith , to his former building in Lumbard Street (March 11, 1668) LOOK AT FULL DIARY ENTRY
@@ Line 178: / Line 208: @@
 See [[MRP: C5/53/26 f. 2|C5/53/26 f. 2]]
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-===Potential primary sources===
+==Potential primary sources==
+===John Colvile===
 '''John Colvile'''
@@ Line 205: / Line 235: @@
 C 22/625/3 Emerson v. Colvile. Between 1558 and 1714
+----
-'''Richard Bayly'''
+===Richard Bayly===
 PROB 11/350 Bence 1-54 Will of Richard Bayly or Baylie, Merchant of Stepney, Middlesex 30 March 1676
+----
-'''Sir John Buckworth'''
+===Sir John Buckworth===
 AO 1/1631/248 Roll 248 Sir J. Buckworth and others. 22 July 1680-22 Nov. 1682
 C 6/587/32 Short title: Buckworth v Goodyer. First plaintiff: Buckworth. Defendants: Goodyer. Document type: bill only. [1649 - 1714]
 C 10/96/51 Dennis, Buckworth v. Gunn, Bludworth, Jolliffe, Barnardiston 1662
@@ Line 218: / Line 249: @@
 C 10/75/3 Daniel Andrewes v John Buckworth and Hester his wife, Samuel Mico, Moses Goodyeare, Aaron Goodyeare and Hester Goodyeare: personal estate of Moses Goodyeare, deceased, of London, Middx 1664
 C 22/26/17 Buckworth v. Gurneys Between 1558 and 1714
+-----
-'''Sir Richard Ford(e)'''
+===Sir Richard Ford(e)===
 C 5/53/26 Ford v. Ryder: Middlesex. 1668
@@ Line 263: / Line 294: @@
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-===Potential secondary sources===
+==Potential secondary sources==
 Horesefield, J. Keith, 'The stop of the Exchequer revisited', in The ''Economic History Review'', vol. 35, Issue 4, pp. 511–528, November 1982
@@ Line 271: / Line 302: @@
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-===Notes===
+==Notes==
 [http://www.nationalarchives.gov.uk/a2a/records.aspx?cat=061-hlpojo_1-4&cid=1-1-1-1-42&kw=john%20colvile#1-1-1-1-42 Parliamentary Archives:...:Main Papers 609 - 633  HL/PO/JO/10/1/380  25 Jun 1678 - 15 Jul 1678]

@@ Line 229: / Line 229: @@
 C 5/482/87 Ford v. Hollis: Middlesex. 1675
 C 5/558/68 Sowton v. Ford: Middlesex. 1678
-- Jeremy Sowton was one of the two factors, based in Stockholm, used by Ford, Buckworth, Ryder and Cuttler in their Joint Trade of iron & copper from Stockholm to London, started in 1664, and litigated in C 5/53/26
+- XXXX Sowton was one of the two factors, based in Stockholm, used by Ford, Buckworth, Ryder and Cuttler in their Joint Trade of iron & copper from Stockholm to London, started in 1664, and litigated in C 5/53/26
 C 5/558/69 Sowton v. Ford: Middlesex. 1678
-- Jeremy Sowton was one of the two factors, based in Stockholm, used by Ford, Buckworth, Ryder and Cuttler in their Joint Trade of iron & copper from Stockholm to London, started in 1664, and litigated in C 5/53/26
+- XXXX Sowton was one of the two factors, based in Stockholm, used by Ford, Buckworth, Ryder and Cuttler in their Joint Trade of iron & copper from Stockholm to London, started in 1664, and litigated in C 5/53/26
 C 6/6/41 Short title: Ford v Higgons. Plaintiffs: Dame Grace Ford widow. Defendants: Baldwin Higgons. Subject: personal estate of the deceased sir Richard Ford kt, of Middlesex. Document type: bill, answer, schedule. SFP 1680

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 ===Abstract===
-Four London merchants, Sir Richard Ford(e), John Buckworth, William Cuttler, and Sir William Ryder, agreed in May 1664 to pursue a Joint Trade in iron and copper purchased in Stockholm, Sweden and transported to London for sale.  The Joint Trade was to be funded from a Joint Stock, which was to be held by the London goldsmith, John Colvile.  The amount of capital to be subscribed to the Joint Stock was unspecified in the treaty by which the Joint Trade and Joint Stock was created, but was to be on an equal basis.  The managing partner was named as Sir William Ryder, though the trade was to be managed by John Buckworth and William Cutler.  Two factors, Jeremy Sowton and Thomas Cuttler (son of one of the four partners, William Cuttler) were based in Stockholm and were to purchase the metals.  Payment was to be via bills of exchange which Sowton and Thomas Cuttler were to draw on named merchants in Hamburg and Amsterdam.  These named merchants were to draw bills themselves on the account of the joint stock held with John Colvile in London.  The trade started with the purchase of £800 of iron and copper, which were shipped to London, but incorrectly consigned only to William Cuttler, rather than to the joint names of John Buckworth and William Cuttler as required by the founding treaty.  This first trade was funded as agreed via bills of exchange.  However, the partners had not yet raised money for the joint stock account, when the bills from Hamburg and Amsterdam arrived, and instead the partners arranged a loan of £800 from John Colvile.  Further purchases of iron and copper were made by the factors at the request of the partners, and Sir William Ryder suggested borrowing £2000 from another London merchant, Richard Bayly (his former servant and son-in-law).
+Four London merchants, Sir Richard Ford(e), John Buckworth, William Cuttler, and Sir William Ryder, agreed in May 1664 to pursue a Joint Trade in iron and copper purchased in Stockholm, Sweden and transported to London for sale.  The Joint Trade was to be funded from a Joint Stock, which was to be held by the London goldsmith, John Colvile.  The amount of capital to be subscribed to the Joint Stock was unspecified in the treaty by which the Joint Trade and Joint Stock was created, but was to be on an equal basis.  The managing partner was named as Sir William Ryder, though the trade was to be managed by John Buckworth and William Cutler.  Two factors, XXXXX Sowton and Thomas Cuttler (son of one of the four partners, William Cuttler) were based in Stockholm and were to purchase the metals.  Payment was to be via bills of exchange which Sowton and Thomas Cuttler were to draw on named merchants in Hamburg and Amsterdam.  These named merchants were to draw bills themselves on the account of the joint stock held with John Colvile in London.  The trade started with the purchase of £800 of iron and copper, which were shipped to London, but incorrectly consigned only to William Cuttler, rather than to the joint names of John Buckworth and William Cuttler as required by the founding treaty.  This first trade was funded as agreed via bills of exchange.  However, the partners had not yet raised money for the joint stock account, when the bills from Hamburg and Amsterdam arrived, and instead the partners arranged a loan of £800 from John Colvile.  Further purchases of iron and copper were made by the factors at the request of the partners, and Sir William Ryder suggested borrowing £2000 from another London merchant, Richard Bayly (his former servant and son-in-law).
 The Chancery suit arose due to a dispute regarding this loan of £2000 from Bayly to the joint stock.  A bond had been signed and sealed and held at the scrivener who prepared it, to be released to Bayly on receipt of the funds by Colville.  However, the funds, if they were transferred at all, are alleged in the Bill of Complaint to have been paid from Bayly directly to Sir William Ryder, rather than to Colville.  Nevertheless, Bayly came into possession of the bond.  In circumstances which are unclear from reading this Bill of Complaint, Bayly, at some time between 1664 and 1668, the date of this Bill of Complaint, attempted to get repayment of the £2000, from John Buckworth (and possibly also from Sir Richard Ford).  Buckworth resisted, and a suit was launched by Bayly against Buckworth in the Court of King's Bench.  Subsequently, in Chancery, as seen in this Bill of Complaint, Sir Richard Ford and John Buckworth complained against Ryder, William Cuttler, and Richard Bayly, seeking clarity as to whether any loan was ever made and moneys transferred, and if so, to whom, and claiming that Sir William Ryder used Bayly's name without any intention to borrow funds from Bayly.  Reference is made in the Bill to John Colvile himself having brought suit for the repayment of his loan of £800 to the partners of the Joint Stock.

@@ Line 151: / Line 151: @@
 //undertake the borrowing ofe the said Two Thousand pounds and that the same should be paid unto the ?said John Colvile for the Joint account and bennefitt of the partners as what summe of money ife any were paid he did receive from the said Bayly and how he hath disposed thereof and whose order And whether//
-//he did not agree that the bond should remayne in XXXXXXXXXXXXXXXXXXXXXXXXX agreement of the partthere aforesaid and how he is become possessed of the said bond and wheither the same was not entired into upon the trusts and condiconns aforesaid And that the//
+//he did not agree that the bond should remayne in the scriveners hands  untill the money were really paid according to the agreement of the partthere aforesaid and how he is become possessed of the said bond and wheither the same was not entired into upon the trusts and condiconns aforesaid And that the//
 //said William Cuttler may declare what money he received of the said S:r William Ryder and upon what account And what Iron and Copper he Received from Stockholme upon the account of the said partners and from whom and may give an account how he hath disposed thereof and by what order he received the //
@@ Line 157: / Line 157: @@
 //said [blank left in the original]: the said Iron and copper and wheither (sic) it as not agreed by all the partners that the said trade To Stockholme should be carried on and mannaged by your Orator John Buckworth and the said William Cuttler ioyntly or by him the said William Cuttler in particular And that the said//
-//William Cuttler may sett forth why hee carried on the said trade without your Orator John Buckworth And that the said confederates may true and perfect answear make to all and singular the premisses upon their respective oathes And your Orators my be therein respectively ??reserved (OR, ???reseeved) ed as to Justice and//
+//William Cuttler may sett forth why hee carried on the said trade without your Orator John Buckworth And that the said confederates may true and perfect answear make to all and singular the premisses upon their respective oathes And your Orators may be therein respectively ??reserved as to Justice and//
 //Equity upon the discovery the defend:ts shall make upon their oathes and the prooffes - your Orators shall produce May it please your good Lordshipp to grant unto your Orators his Maiejsties most gratious writt of subpena Issueing out ofe this honnoble Court to be directed unto the said William Ryder Richard//
-//Bayly and William Cuttler thereby comanding them and every of them at a certaine day and under a certaine paine therein to be limitted to be and psonally to appeare before your honour in ths hono:ble court to answear all and singular the premisses As alsoe his Ma:ties writt of XXXXnon to be directed to the said//
+//Bayly and William Cuttler thereby comanding them and every of them at a certaine day and under a certaine paine therein to be limitted to be and psonally to appeare before your honour in ths hono:ble court to answear all and singular the premisses As alsoe his Ma:ties writt of InXXXXnon to be directed to the said//
-//Richard Bayly his Councellors Attornies and Sollicitors thereby ?comanding them to stay all further proceedings upon the said bond untill this cause shall receive XXXXX and determinaconn in this honourable Court And your Orator shall dayly pray xr.
+//Richard Bayly his Councellors Attornies and Sollicitors thereby comanding them to stay all further proceedings upon the said bond untill this cause shall receive a hearing and determinaconn in this honourable Court And your Orator shall dayly pray xr.
 //Edw: ?Peck [Signature, bootom RH side]//

@@ Line 4: / Line 4: @@
 ===Abstract===
-Four London merchants, Sir Richard Ford(e), John Buckworth, William Cuttler, and Sir William Ryder agreed in May 1664 to pursue a Joint Trade in iron and copper purchased in Stockholm, Sweden and transported to London for sale.  The Joint Trade was to be funded from a Joint Stock, which was to be held by the London goldsmith, John Colvile.  The amount of capital to be subscribed to the Joint Stock was unspecified in the treaty by which the Joint Trade and Joint Stock was created, but was to be on an equal basis.  The managing partner was named as Sir William Ryder, though the trade was to be managed by John Buckworth and William Cutler.  Two factors, Jeremy Sowton and Thomas Cuttler (son of one of the four partners, William Cuttler) were based in Stockholm and were to purchase the metals.  Payment was to be via bills of exchange which Sowton and Thomas Cuttler were to draw on named merchants in Hamburg and Amsterdam.  These named merchants were to draw bills themselves on the account of the joint stock held with John Colvile in London.  The trade started with the purchase of 800 of iron and copper, which were shipped to London, but incorrectly consigned only to William Cuttler, rather than to the joint names of John Buckworth and William Cuttler as required by the founding treaty.  This first trade was funded as agreed via bills of exchange.  However, the partners had not yet raised money for the joint stock account, when the bills from Hamburg and Amsterdam arrived, and instead the partners arranged a loan of 800 from John Colvile.  Further purchases of iron and copper were made by the factors at the request of the partners, and Sir William Ryder suggested borrowing 2000 from another London merchant, Richard Bayly (his former servant and son-in-law).
+Four London merchants, Sir Richard Ford(e), John Buckworth, William Cuttler, and Sir William Ryder, agreed in May 1664 to pursue a Joint Trade in iron and copper purchased in Stockholm, Sweden and transported to London for sale.  The Joint Trade was to be funded from a Joint Stock, which was to be held by the London goldsmith, John Colvile.  The amount of capital to be subscribed to the Joint Stock was unspecified in the treaty by which the Joint Trade and Joint Stock was created, but was to be on an equal basis.  The managing partner was named as Sir William Ryder, though the trade was to be managed by John Buckworth and William Cutler.  Two factors, Jeremy Sowton and Thomas Cuttler (son of one of the four partners, William Cuttler) were based in Stockholm and were to purchase the metals.  Payment was to be via bills of exchange which Sowton and Thomas Cuttler were to draw on named merchants in Hamburg and Amsterdam.  These named merchants were to draw bills themselves on the account of the joint stock held with John Colvile in London.  The trade started with the purchase of 800 of iron and copper, which were shipped to London, but incorrectly consigned only to William Cuttler, rather than to the joint names of John Buckworth and William Cuttler as required by the founding treaty.  This first trade was funded as agreed via bills of exchange.  However, the partners had not yet raised money for the joint stock account, when the bills from Hamburg and Amsterdam arrived, and instead the partners arranged a loan of 800 from John Colvile.  Further purchases of iron and copper were made by the factors at the request of the partners, and Sir William Ryder suggested borrowing 2000 from another London merchant, Richard Bayly (his former servant and son-in-law).
 The Chancery suit arose due to a dispute regarding this loan of 2000 from Bayly to the joint stock.  A bond had been signed and sealed and held at the scrivener who prepared it, to be released to Bayly on receipt of the funds by Colville.  However, the funds, if they were transferred at all, are alleged in the Bill of Complaint to have been paid from Bayly directly to Sir William Ryder, rather than to Colville.  Nevertheless, Bayly came into possession of the bond.  In circumstances which are unclear from reading this Bill of Complaint, Bayly, at some time between 1664 and 1668, the date of this Bill of Complaint, attempted to get repayment of the 2000, from John Buckworth (and possibly also from Sir Richard Ford).  Buckworth resisted, and a suit was launched by Bayly against Buckworth in the Court of King's Bench.  Subsequently, in Chancery, as seen in this Bill of Complaint, Sir Richard Ford and John Buckworth complained against Ryder, William Cuttler, and Richard Bayly, seeking clarity as to whether any loan was ever made and moneys transferred, and if so, to whom, and claiming that Sir William Ryder used Bayly's name without any intention to borrow funds from Bayly.

← Older revision		Revision as of 14:17, October 29, 2011
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	===Abstract===		===Abstract===

		+	Four London merchants, Sir Richard Ford(e), John Buckworth, William Cuttler, and Sir William Ryder agreed in May 1664 to pursue a Joint Trade in iron and copper purchased in Stockholm, Sweden and transported to London for sale. The Joint Trade was to be funded from a Joint Stock, which was to be held by the London goldsmith, John Colvile. The amount of capital to be subscribed to the Joint Stock was unspecified in the treaty by which the Joint Trade and Joint Stock was created, but was to be on an equal basis. The managing partner was named as Sir William Ryder, though the trade was to be managed by John Buckworth and William Cutler. Two factors, Jeremy Sowton and Thomas Cuttler (son of one of the four partners, William Cuttler) were based in Stockholm and were to purchase the metals. Payment was to be via bills of exchange which Sowton and Thomas Cuttler were to draw on named merchants in Hamburg and Amsterdam. These named merchants were to draw bills themselves on the account of the joint stock held with John Colvile in London. The trade started with the purchase of 800 of iron and copper, which were shipped to London, but incorrectly consigned only to William Cuttler, rather than to the joint names of John Buckworth and William Cuttler as required by the founding treaty. This first trade was funded as agreed via bills of exchange. However, the partners had not yet raised money for the joint stock account, when the bills from Hamburg and Amsterdam arrived, and instead the partners arranged a loan of 800 from John Colvile. Further purchases of iron and copper were made by the factors at the request of the partners, and Sir William Ryder suggested borrowing 2000 from another London merchant, Richard Bayly (his former servant and son-in-law).

		+	The Chancery suit arose due to a dispute regarding this loan of 2000 from Bayly to the joint stock. A bond had been signed and sealed and held at the scrivener who prepared it, to be released to Bayly on receipt of the funds by Colville. However, the funds, if they were transferred at all, are alleged in the Bill of Complaint to have been paid from Bayly directly to Sir William Ryder, rather than to Colville. Nevertheless, Bayly came into possession of the bond. In circumstances which are unclear from reading this Bill of Complaint, Bayly, at some time between 1664 and 1668, the date of this Bill of Complaint, attempted to get repayment of the 2000, from John Buckworth (and possibly also from Sir Richard Ford). Buckworth resisted, and a suit was launched by Bayly against Buckworth in the Court of King's Bench. Subsequently, in Chancery, as seen in this Bill of Complaint, Sir Richard Ford and John Buckworth complained against Ryder, William Cuttler, and Richard Bayly, seeking clarity as to whether any loan was ever made and moneys transferred, and if so, to whom, and claiming that Sir William Ryder used Bayly's name without any intention to borrow funds from Bayly.

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