THE CHARITABLE CORPORATION.
The next object of importance that attracted the notice of the house, was the state of the charitable corporation. This company was first erected in the year one thousand seven hundred and seven. Their professed intention was to lend money at legal interest to the poor upon small pledges; and to persons of better rank upon an indubitable security of goods impawned. Their capital was at first limited to thirty thousand pounds, but, by licenses from the crown, they increased it to six hundred thousand pounds, though their charter was never confirmed by act of parliament. In the month of October, George Robinson, esquire, member for Mar-low, the cashier, and John Thompson, warehouse-keeper of the corporation, disappeared in one day. The proprietors, alarmed at this incident, held several general courts, and appointed a committee to inspect the state of their affairs. They reported, that for a capital of above five hundred thousand pounds no equivalent was found; inasmuch as their effects did not amount to the value of thirty thousand, the remainder having been embezzled by means which they could not discover. The proprietors, in a petition to the house of commons, represented that by the most notorious breach of trust in several persons to whom the care and management of their affairs were committed, the corporation had been defrauded of the greatest part of their capital; and that many of the petitioners were reduced to the utmost degree of misery and distress; they therefore prayed, that as they were unable to detect the combinations of those who had ruined them, or to bring the delinquents to justice, without the aid of the power and authority of parliament, the house would vouchsafe to inquire into the state of the corporation, and the conduct of their managers; and give such relief to the petitioners as to the house should seem meet. The petition was graciously received, and a secret committee appointed to proceed on the inquiry. They soon discovered a most iniquitous scene of fraud, which had been acted by Robinson and Thompson, in concert with some of the directors, for embezzling the capital, and cheating the proprietors. Many persons of rank and quality were concerned in this infamous conspiracy; some of the first characters in the nation did not escape suspicion and censure. Sir Robert Sutton and sir Archibald Grant were expelled the house of commons, as having had a considerable share in those fraudulent practices; a bill was brought in to restrain them and other delinquents from leaving the kingdom, or alienating their effects. In the meantime, the committee received a letter from signior John Angelo Belloni, an eminent banker at Rome, giving them to understand, that Thompson was secured in that city, with all his papers, and confined to the castle of St. Angelo; and that the papers were transmitted to his correspondent at Paris, who would deliver them up, on certain conditions stipulated in favour of the prisoner. This letter was considered as an artifice to insinuate a favourable opinion of the pretender, as if he had taken measures for securing Thompson, from his zeal for justice and affection for the English people. On this supposition, the proposals were rejected with disdain; and both houses concurred in an order that the letter should be burned at the Royal Exchange, by the hands of the common hangman. The lower house resolved, that it was an insolent and audacious libel, absurd and contradictory; that the whole transaction was a scandalous artifice, calculated to delude the unhappy, and to disguise and conceal the wicked practices of the professed enemies to his majesty’s person, crown, and dignity.