On This Day: 16 June 1693

Today’s document is an unsigned draft in Thomas Bowrey’s hand of a statement made by William Bowen, a London merchant, in support of Bowrey in a dispute with Henry Million of the Linen Manufacturer.

Bowrey had asked Million to sell four shares he owned in the Linen Manufacture at £100 per share. Today’s value of four shares would be more than £52,000. Bowrey claimed that Million pretended to sell the shares but Bowrey had suspicions and would not complete the transfer until Million took an oath before a Justice of the Peace.

William Bowen’s statement appears to be a form of indemnity given to Bowrey’s in return for a fee of £10/16/0 (nearly £1,500 today).

On the reverse is an statement made by Richard Sweet that Francis Burdett (to whom Million had claimed to sell the shares) denied having purchased them.

It appears that share fraudsters are nothing new.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s