[George Wyndham, 3rd Earl of Egremont, art collector.] Autograph Letter Signed ('Egremont') to Rev. J. Austen, explaining how he has lost £21000 owing to misrepresentation by Sir John Riddell, and discussing the state of the money market.

Author: 
Lord Egremont [George O'Brien Wyndham, 3rd Earl of Egremont] (1751-1837) of Petworth House, art collector and connoisseur, patron of J. M. W. Turner, agriculturalist, philanthropist [Rev. J. Austen]
Publication details: 
7 January 1828. Petworth.
£120.00
SKU: 22228

2pp, 4to. Bifolium. Franked in the usual manner 'Egremont', with postmark and broken seal in red wax, on reverse of second leaf, and addressed: 'Petworth Jany. Seventh 1828 | The Revd: J. Austen | Ockham | Ripley | Surrey'. An interesting letter, casting light on personal financial affairs in late-Georgian England. The letter has been forwarded by the recipient Austen to the individual who is clearly 'the Gentleman' referred to in it, addressed by Austen on the recto of the second leaf, with Ripley postmark, as 'John Smallpeice Esqr | Guildford'. On the same page Austen summarises the letter to which Egremont is replying: 'Dear Sir | I inclose Lord Egremonts letter in answer to mine. I told him if He would advance 8000£ the Committee thought they could raise the remainder | J Austen'. (It is not clear which 'Committee' Austen is referring to.) Egremont begins his letter: 'I will lend the money if I can but I doubt it, and you had better explain my present situation to the Gentleman. I was bound for Twenty one Thousand Pounds for Sir John Riddell [i.e. Sir John Buchanan Riddell (c.1768-1819)] under false representations from him of his property. He is dead insolvent & I with many others are called upon to pay the money immediately. It is due to numbers of Creditors, in small sums, all residing in different places in Scotland, knowing nothing of me except as I suppose to them as the surviving partner of a gang of swindlers, & all pressing for the money & ready to send executions into my house if it is not paid. To this must be added the expense of the forms of payment & receipts according to Scotch Law, so as to entitle me to any future Dividend if there should be any. The Scotch Law is very expensive, much more so than English, and I dare say this will be a thousand more.' In the remainder of the letter he discusses at length the present financial situation, complaining that there is 'no money on the market, except a few millions which are employed in Stock jobbing in London'.