THE DARIEN SCHEME.

The first body of Highlanders to arrive in the New World was as much military as civil. Their lines were cast in evil waters, and disaster awaited them. They formed a very essential part of a colony that engaged in what has been termed the Darien Scheme, which originated in 1695, and so mismanaged as to involve thousands in ruin, many of whom had enjoyed comparative opulence. Although this project did not materially affect the Highlands of Scotland, yet as Highland money entered the enterprise, and as quite a body of Highlanders perished in the attempted colonization of the isthmus of Panama, more than a passing notice is here demanded.

Scottish people have ever been noted for their caution, frugality, and prudence, and not prone to engage in any speculation unless based on the soundest business principles. Although thus characterized, yet this people engaged in the most disastrous speculation on record; established by act of the Scottish parliament, and begun by unprecedented excitement. The leading cause which impelled the people headlong into this catastrophe was the ruination of the foreign trade of Scotland by the English Navigation Act of 1660, which provided that all trade with the English colonies should be conducted in English ships alone. Any scheme plausibly presented was likely to catch those anxious to regain their commercial interests, as well as those who would be actuated to increase their own interests. The Massacre of Glencoe had no little share in the matter. This massacre, which occurred February 13, 1692, is the foulest blot in the annals of crime. It was deliberately planned by Sir John Dalrymple and others, ordered by king William, and executed by Captain Robert Campbell of Glenlyon, in the most treacherous, brutal, atrocious, and bloodthirsty manner imaginable, and perpetrated without the shadow of a reasonable excuse—infancy and old age, male and female alike perished. The bare recital of it is awful; and the barbarity of the American savage pales before it. In every quarter, even at court, the account of the massacre was received with horror and indignation. The odium of the nation rose to a great pitch, and demanded that an inquiry be made into this atrocious affair. The appointment of a commission was not wrung from the unwilling king until April 29, 1695. The commission, as a whole, acted with great fairness, although they put the best possible construction on the king's order, and threw the whole blame on Secretary Dalrymple. The king was too intimately connected with the crime to make an example of any one, although through public sentiment he was forced to dismiss Secretary Dalrymple. Not one of those actually engaged in the perpetration of the crime were dismissed from the army, or punished for the butchery, otherwise than by the general hatred of the age in which they lived, and the universal execration of posterity. The tide of feeling set in against king William, and before it had time to ebb the Darien Scheme was projected. The friends of William seized the opportunity to persuade him that some freedom and facilities of trade should be granted the Scotch, and that would divert public attention from the Glencoe massacre. Secretary Dalrymple also was not slow to give it the support of his eloquence and interest, in hopes to regain thereby a part of his lost popularity.

The originator of the Darien Scheme was William Paterson, founder of the Bank of England, a man of comprehensive views and great sagacity, born in Scotland, a missionary in the Indies, and a buccaneer among the West India islands. During his roving course of life he had visited the isthmus of Panama—then called Darien—and brought away only pleasant recollections of that narrow strip of land that unites North and South America. On his return to Europe his first plan was the national establishment of the Bank of England. For a brief period he was admitted as a director in that institution, but it befell to Paterson that others possessed of wealth and influence, interposed and took advantage of his ideas, and then excluded him from the concern. Paterson next turned his thoughts to the plan of settling a colony in America, and handling the trade of the Indies and the South Seas. The trade of Europe with the remote parts of Asia had been carried on by rounding the Cape of Good Hope. Paterson believed that the shorter, cheaper, and more expeditious route was by the isthmus of Panama, and, as he believed, that section of the country had not been occupied by any of the nations of Europe; and as it was specially adapted for his enterprise it should be colonized. He averred that the havens were capacious and secure; the sea swarmed with turtle; the country so mountainous, that though within nine degrees of the equator, the climate was temperate; and yet roads could be easily constructed along which a string of mules, or a wheeled carriage might in the course of a single day pass from sea to sea. Fruits and a profusion of valuable herbs grew spontaneously, on account of the rich black soil, which had a depth of seven feet; and the exuberant fertility of the soil had not tainted the purity of the atmosphere. As a place of residence alone, the isthmus was a paradise; and a colony there could not fail to prosper even if its wealth depended entirely on agriculture. This, however, would be only a secondary matter, for within a few years the entire trade between India and Europe would be drawn to that spot. The merchant was no longer to expose his goods to the capricious gales of the Antarctic Seas, for the easier, safer, cheaper route must be navigated, which was shortly destined to double the amount of trade. Whoever possessed that door which opened both to the Atlantic and Pacific, as the shortest and least expensive route would give law to both hemispheres, and by peaceful arts would establish an empire as splendid as that of Cyrus or Alexander. If Scotland would occupy Darien she would become the one great free port, the one great warehouse for the wealth that the soil of Darien would produce, and the greater wealth which would be poured through Darien, India, China, Siam, Ceylon, and the Moluccas; besides taking her place in the front rank among nations. On all the vast riches that would be poured into Scotland a toll should be paid which would add to her capital; and a fabulous prosperity would be shared by every Scotchman from the peer to the cadie. Along the desolate shores of the Forth Clyde villas and pleasure grounds would spring up; and Edinburgh would vie with London and Paris. These glowing prospects at first were only partially disclosed to the public, and the name of Darien was unpronounced save only to a few of Paterson's most confidential friends. A mystery pervaded the enterprise, and only enough was given out to excite boundless hopes and desires. He succeeded admirably in working up a sentiment and desire on the part of the people to become stockholders in the organization. The hour for action had arrived; so on June 26, 1695, the Scottish parliament granted a statute from the Crown, for creating a corporate body or stock company, by name of the Company of Scotland trading to Africa and the Indies, with power to plant colonies and build forts in places not possessed by other European nations, the consent of the inhabitants of the places they settled being obtained. The amount of capital was not fixed by charter, but it was stipulated that at least one-half the stock must be held by Scotchmen resident in Scotland, and that no stock originally so held should ever be transferred to any but Scotchmen resident in Scotland. An entire monopoly of the trade with Asia, Africa, and America was granted for a term of thirty-one years, and all goods imported by the company during twenty-one years, should be admitted duty free, except sugar and tobacco, unless grown on the company's plantations. Every member and servant of the company were privileged against arrest and imprisonment, and if placed in durance, the company was authorized to invoke both the civil and military power. The Great Seal was affixed to the Act; the books were opened; the shares were fixed at £100 sterling each; and every man from the Pentland Firth to the Galway Firth who could command the amount was impatient to put down his name. The whole kingdom apparently had gone mad. The number of shareholders were about fourteen hundred. The books were opened February 26, 1696, and the very first subscriber was Anne, dutchess of Hamilton. On that day there was subscribed £50,400. By the end of March the greater part of the amount had been subscribed. On March 5th, a separate book was opened in Glasgow and on it was entered £56,325. The books were closed August 3rd of the same year, and on the last day of subscriptions there was entered £14,125, reaching the total of £400,000, the amount apportioned to Scotland. The cities of Edinburgh and Glasgow, in their corporate capacity, each took £3,000 and Perth £2,000. Of the subscriptions there were eight of £3,000 each; eight of £2,000 each; two of £1,500, and one each of £1,200 and £1,125; ninety-seven of £1,000 each; but the great majority consisted of £100 or £200 each. The whole amount actually paid up was £220,000. This may not seem to be a large amount for such a country as Scotland, but as already noted, the country had been ruined by the English Act of 1660. There were five or six shires which did not altogether contain as many guineas and crowns as were tossed about every day by the shovels of a single goldsmith in Lombard street. Even the nobles had but very little money, for a large part of their rents was taken in kind; and the pecuniary remuneration of the clergy was such as to move the pity of the most needy, of the present; yet some of these had invested their all in hopes that their children might be benefited when the golden harvest should come. Deputies in England received subscriptions to the amount of £300,000; and the Dutch and Hamburgers subscribed £200,000.

Those Highland chiefs who had been considered as turbulent, and are so conspicuous in the history of the day have no place in this record of a species of enterprise quite distinct from theirs. The houses of Argyle, Athol, and Montrose appear in the list, as families who, besides their Highland chiefships, had other stakes and interests in the country; but almost the only person with a Highland patronymic was John MacPharlane of that ilk, a retired scholar who followed antiquarian pursuits in the libraries beneath the Parliament House. The Keltic prefix of "Mac" is most frequently attached to merchants in Inverness, who subscribed their hundred.

It is probable that a list of Highlanders who subscribed stock may be of interest in this connection. Only such names as are purely Highland are here subjoined with amounts given, and also in the order as they appear on the books:[13]

26 February, 1696:
John Drummond of Newtoun £600
Adam Gordon of Dalphollie500
Master James Campbell, brother-german to the Earle of Argyle500
John McPharlane of that ilk200
Sir Robert Gordon of Gordonstown400
Sir Colin Campbell of Ardkinlass500
Mr. Gilbert Campbell, son to Colin Campbell of Soutar house400
27 February, 1696:
John Robertson, merchant in Edinburgh300
Matthew St. Clair, Doctor of Medicine500
Daniel Mackay, Writer in Edinburgh200
Mr. Francis Grant of Cullen, Advocate100
Duncan Forbes of Culloden200
Arthur Forbes, younger of Echt200
George Southerland, merchant in Edinburgh200
Kenneth McKenzie of Cromartie500
Major John Forbes200
28 February, 1696:
William Robertsone of Gladney1,000
Mungo Graeme of Gorthie500
Duncan Campbell of Monzie500
James Mackenzie, son to the Viscount of Tarbat1,000
2 March, 1696:
Jerome Robertson, periwig maker, burgess of Edinburgh100
3 March 1696:
David Robertsone, Vintner in Edinburgh200
William Drummond, brother to Thomas Drummond of Logie Almond500
4 March, 1696:
Sir Humphrey Colquhoun of Luss400
5 March, 1696:
James Robertson, tylor in Canonget100
Sir Thomas Murray of Glendoick1,000
6 March, 1696:
Alexander Murray, son to John Murray of Touchadam, and deputed by him300
7 March 1696:
John Gordon, Captain in Lord Stranraer's Regiment100
Samuell McLelland, merchant in Edinburgh500
11 March 1696:
Aeneas McLeod, Town-Clerk of Edinburgh, in name and behalfe of George Viscount of Tarbat, and as having commission from him£1000
17 March, 1696:
John Menzies, Advocate200
William Menzies, merchant in Edinburgh1000
19 March, 1696:
James Drummond, Writer in Edinburgh, deputed by Mr. John Graham of Aberuthven100
Gilbert Campbell, merchant in Edinburgh, son to Colline Campbell of Soutar Houses200
Gilbert Campbell, merchant in Edinburgh, son to Colline Campbell of Soutar Houses100
Daniel McKay, Writer in Edinburgh, deputed by Captain Hugh McKay, younger of Borley300
Patrick Campbell, Writer in Edinburgh, deputed by Captain Leonard Robertsone of Straloch100
20 March, 1696:
Alexander Murray, son to George Murray of Touchadam deputed by him200
Sir Colin Campbell of Aberuchill, one of the Senators of the Colledge of Justice500
Andrew Robertson, chyrurgeon in Edinburgh, deputed by George Robertstone, younger, merchant in Glasgow100
Andrew Robertson, chyrurgeon in Edinburgh100
James Gregorie, student100
George Earle of Southerland1000
21 March, 1696:
John McFarlane, Writer to the Signet200
23 March, 1696:
John Forbes, brother-german to Samuell Forbes of Fovrain, deputed by the said Samuell Forbes1000
John Forbes, brother-german to Samuell Forbes of Fovrain50
James Gregory, Professor of Mathematiques in the Colledge of Edinburgh200
24 March 1696:
Patrick Murray of Livingstoun600
Ronald Campbell, Writer to his Majesty's Signet, as having deputation from Alexander Gordoun, son to Alexander Gordoun, minister at Inverary100
William Graham, merchant in Edinburgh200
David Drummond, Advocate, deputed by Thomas Graeme of Balgowan600
David Drummond, Advocate, deputed by John Drummond of Culqupalzie600
25 March, 1696:
John Murray of Deuchar800
Sir Robert Sinclair of Stevenstoun400
John Sinclair of Stevenstoun400
26 March, 1696:
Helen Drummond, spouse to Colonel James Ferguson as commissionate by him200
James Murray of Sundhope100
John Drummond of Newtoun400
John Drummond of Newtoun, for John Stewart of Dalguis,conform to deputation100
March 27:
Alexander Johnstoune of Elshieshells400
John Forbes, brother-german to Samuell Forbes of Fovrain, conform to one deputation by Captain James Stewart, in Sir John Hill's regiment. Governor of Fort William100
Thomas Forbes of Watertoun200
William Ross, merchant in Edinburgh100
Rachell Johnstoun, relict of Mr. Robert Baylie of Jerviswood200
March 28:
John Fraser, servitor to Alexander Innes, merchant100
Mr. John Murray, Senior Advocate100
John Stewart, Writer in Clerk Gibsone's chamber100
Mr. Gilbert Campbell, merchant in Edinburgh, son to Colline Campbell of Soutar Houses200
Mr. Gilbert Campbell, merchant in Edinburgh, son to Colline Campbell of Soutar Houses, (more)100
James Gordon, Senior, merchant in Aberdeen250
Thomas Gordon, skipper in Leith100
Adam Gordon of Dulpholly500
Colin Campbell of Lochlan200
Thomas Graeme of Balgowane, by virtue of a deputation from David Graeme of Kilor200
Patrick Coutts, merchant in Edinburgh, being deputed by Alexander Robertsone, merchant in Dundie200
David Drummond, of Cultimalindie600
John Drummond, brother of David Drummond of Cultimalindi200
30 March, 1696:
James Marquess of Montrose1000
John Murray, doctor of medicine, for Mr. James Murray, Chirurgeon in Perth, conform to a deputation200
William Stewart, doctor of medicine at Perth100
Patrick Campbell, Writer in Edinburgh, being depute by Helen Steuart, relict of Doctor Murray100
James Drummond, one of the Clerks to the Bills, being deputed by James Meinzies of Shian100
Robert Stewart, Junior, Advocate300
Master Donald Robertsone, minister of the Gospel100
Duncan Campbell of Monzie, by deputation from John Drummond of Culquhalzie100
John Marquesse of Athole500
John Haldane of Gleneagles, deputed by James Murray at Orchart Milne100
Thomas Johnstone, merchant in Edinburgh100
William Meinzies, merchant in Edinburgh1000
Alexander Forbes of Tolquhon500
Robert Murray, merchant in Edinburgh200
Walter Murray, merchant in Edinburgh100
Master Arthur Forbes, son of the Laird of Cragivar100
Robert Fraser, Advocate100
Barbara Fraser, relict of George Stirling, Chirurgeon apothecary in Edinburgh200
Alexander Johnston, merchant in Edinburgh100
Sir Robert Sinclair of Stevenstoun, for Charles Sinclair, Advocate, his son100
The said Thomas Scott, deputed by Patrick Ogilvie of Balfour400
The said Thomas Scott, deputed by Thomas Robertson, merchant there (i.e. Dundee)125
The said Thomas Scott, deputed by David Drummond, merchant in Dundee100
Mrs. Anne Stewart, daughter to the deceased John Stewart of Kettlestoun100
31 March, 1696:
Sir Archibald Murray of Blackbarrony500
William Stewart, clerk to his Majesty's Customs at Leith100
Christian Grierson, daughter to the deceast John Grierson100
Jesper Johnstoune of Waristoun500
Alexander Forbes, goldsmith in Edinburgh200
Master John Campbell, Writer to the Signet200
Thomas Campbell, flesher in Edinburgh200
Archibald Earle of Argyll1500
James Campbell, brother-german to the Earle of Argyll200
William Johnston, postmaster of Hadingtoun £100
Sir James Murray of Philiphaugh500
Andrew Murray, brother to Sundhope100
William McLean, master of the Revelles100
John Cameron, son to the deceast Donald Cameron, merchant in Edinburgh100
David Forbes, Advocate200
Captain John Forbes of Forbestoune200
Afternoon:
Sir Alexander Monro of Bearcrofts200
James Gregorie, student of medicine100
Mungo Campbell of Burnbank400
John Murray, junior, merchant in Edinburgh400
Robert Murray, burges in Edinburgh150
Dougall Campbell of Sadell100
Ronald Campbell, Writer to his Majesty's Signet200
Alexander Finlayson, Writer in Edinburgh100
John Steuart, Writer in Edinburgh100
William Robertson, one of the sub-clerks of the Session100
Lady Neil Campbell200
Mary Murray, Lady Enterkin, elder200
Sir George Campbell of Cesnock1000
7 April:
Thomas Robertson of Lochbank400
Robert Fraser, Advocate, for Hugh Robertson, Provost of Inverness, conform to deputation100
Robert Fraser, Advocate, for James McLean, baillie of Invernes, conform to deputation100
Robert Fraser. Advocate, for John McIntosh, baillie of Invernes, conform to deputation100
Robert Fraser, Advocate, for Alexander McLeane, merchant of Invernes, conform to deputation150
Robert Fraser, Advocate, for Robert Rose, late baillie of Invernes, conform to deputation140
Robert Fraser, Advocate, for Alexander Stewart, skipper at Invernes, conform to deputation150
Robert Fraser, Advocate, for William Robertson of Inshes, conform to deputation100
9 April, 1696:
James Drummond, one of the Clerks of the Bills, for Robert Menzies, in Aberfadie, conform to deputation100
John Drummond of Newtoun, depute by John Menzies of Camock, Advocate200
Archibald Sinclair, Advocate100
Patrick Campbell, Writer in Edinburgh£100
John Murray, doctor of medicine, for William Murray of Arbony, by virtue of his deputation200
Colen Campbell of Bogholt100
William Gordone, Writer in Edinburgh100
14 Apryle:
The said Thomas Halliday, Conform to deputation from William Ogilvie in Todshawhill100
16 Aprill:
Patrick Murray, lawful son to Patrick Murray of Killor100
Walter Murray, servitor to George Clerk, junior, merchant in Edinburgh, deputed by Robert Murray of Levelands150
John Campbell, Writer to the Signet, for Alexander Campbell, younger of Calder, conform to deputation500
Captain James Drummond of Comrie200
April 21:
James Cuming, merchant in Edinburgh100
James Campbell of Kinpout100
James Drummond, Under-Clerk to the Bills, depute by Archibald Meinzies of Myln of Kiltney100
Robert Blackwood, deputed by John Gordon of Collistoun, doctor of medicine100
Robert Blackwood, merchant in Edinburgh, deputed by Charles Ogilvy, merchant and late baillie of Montrose200
James Ramsay, writer in Edinburg, commission at by Duncan Campbell of Duneaves100
Captain Patrick Murray, of Lord Murray's regiment of foot100
May 5, 1696.
John Haldane of Gleneagles, conform to deputation from Thomas Grahame in Auchterarder100
John Drummond of Newtoun, depute by David Graeme of Jordanstoun100
Samuel McLellan, merchant in Dundee, conform to deputation from William Stewart of Castle Stewart100
May 14, 1696.
Andrew Robertsone, chirurgeon in Edinburgh, conform to deputation by George Robertsone, Writer in Dunblane 100
May 21, 1696.
John Drummond of Newtoun, for Lodovick Drummond, chamberland to my Lord Drummond 100
May 26, 1696.
Thomas Drummond of Logie Almond £500
June 2, 1696.
Robert Fraser, Advocate, by virtue of a deputation from Robert Cuming of Relugas, merchant of Inverness100
Robert Fraser, Advocate, in name of William Duff of Dyple, merchant of Inverness100
Robert Fraser, Advocate, in name of Alexander Duffe of Drumuire, merchant of Inverness100
June 4, 1696.
John Haldane of Gleneagles, depute by John Graham, son to John Graham, clerk to the chancellary100
Adam Drummond of Meginch200
18.
Agnes Campbell, relict of Andrew Anderson, his Majesty's printer100
July 10.
John Drummond of Newtoun, for Dame Margaret Graham, Lady Kinloch200
John Drummond of Newtoun200
James Menzies of Schian100
Mungo Graeme of Garthie200
21.
Sir Alexander Cumyng of Culter200
31.
Mr. George Murray, doctor of physick200
Patrick Campbell, brother to Monzie100
August 1.
James Lord Drummond1000
Friday, 6 March, 1696.
John Drummond of Newtoune1125
Saturday, 7 March, 1696.
John Graham, younger of1000
Daniel Campbell, merchant in Glasgow1000
George Robinsoune, belt-maker in Glasgow100
John Robinsoune, hammerman in Glasgow100
John Robertson, junior, merchant in Glasgow500
Munday, 9 March, 1696.
Mattheu Cuming, junior, merchant in Glasgow1000
William Buchanan, merchant in Glasgow100
Marion Davidson, relict of Mr. John Glen, Minister of the Gospel100
James Johnstoun, merchant in Glasgow200
Thomas Johnstoun, merchant in Glasgow200
George Johnston, merchant in Glasgow£200
John Buchanan, merchant in Glasgow100
John Grahame, younger of Dougaldstoun1,000
Tuesday, 10 March, 1696.
Neill McVicar, tanner in Glasgow100
George Buchanan, Maltman in Glasgow100
Saturday, 21 March, 1696.
Archibald Cambell, merchant in Glasgow100
Tuesday, 24 March, 1696.
John Robertsone, younger, merchant in Glasgow, for Robert Robertsone, second lawfull sone to Umqll James Robertsone, merchant in Glasgow100
Tuesday, March 31, 1696.
Mungo Campbell of Nether Place100
Hugh Campbell, merchant, son to deceast Sir Hugh Campbell of Cesnock100
Matthew Campbell of Waterhaugh100
Thursday, Agr the 2d of Aprille.
Mungo Campbell, merchant in Ayr100
David Fergursone, merchant in Ayr100
Wednesday the 15th day, 1696.
Captain Charles Forbes, of Sir John Hill's regiment200
Captain James Menzies, of Sir John Hill's regiment100
Captain Francis Ferquhar, of Sir John Hill's regiment100
Thursday, 16 Aprile, 1696.
Captain Charles Forbes, of Sir John Hill's regiment200
Fryday, 17 Aprile.
Lieutenant Charles Ross, of Sir John Hill's regiment100

It is more than probable that some names should not be inserted above, as the name Graeme, for it may belong to the clan Graham of the Highlands, or else to the debateable land, near Carlisle, which is more likely. We know that where they had made themselves adverse to both sides, they were forced to emigrate in large numbers. Some of them settled near Bangor, in the county of Down, Ireland. How large a per cent, of the subscribers who lived in the lowlands, and born out of the Highlands, would be impossible to determine. Then names of parties, born in the Highlands and of Gaelic blood have undoubtedly been omitted owing to change of name. By the change in spelling of the name, it would indicate that some had left Ulster where their forefathers had settled, and taken up their residence in Scotland. It will also be noticed that the clans bordering the Grampians were most affected by the excitement while others seemingly did not even feel the breeze.

The Darien Scheme at best was but suppositious, for no experiment had been tried in order to forecast a realization of what was expected. There was, it is true, a glitter about it, but there were materials within the reach of all from which correct data might have been obtained. It seems incredible that men of sound judgment should have risked everything, when they only had a vague or general idea of Paterson's plans. It was also a notorious fact that Spain claimed sovereignty over the Isthmus of Panama, and, even if she had not, it was unlikely that she would tolerate such a colony, as was proposed, in the very heart of her transatlantic dominions. Spain owned the Isthmus both by the right of discovery and possession; and the very country which Paterson had described in such radiant colors had been found by the Castilian settlers to be a land of misery and of death; and on account of the poisonous air they had been compelled to remove to the neighboring haven of Panama. All these facts, besides others, might easily have been ascertained by members of the Company.

As has already been intimated, the Scots alone were not drawn into this vortex of wild excitement, and are no more to be held responsible for the delusion than some of other nationalities. The English people were seized with the dread of Scottish prosperity resulting from the enterprise, and England's jealousy of trade at once interfered to crush an adventure which seemed so promising. The English East India Company instigated a cry, echoed by the city of London, and taken up by the nation, which induced their parliament, when it met for the first time, after the elections of 1695, to give its unequivocal condemnation to the scheme. One peer declared, "If these Scots are to have their way I shall go and settle in Scotland, and not stay here to be made a beggar." The two Houses of Parliament went up together to Kensington and represented to the king the injustice of requiring England to exert her power in support of an enterprise which, if successful, must be fatal to her commerce and to her finances. William replied in plain terms that he had been illy-treated in Scotland, but that he would try to find a remedy for the evil which had been brought to his attention. At once he dismissed Lord High Commissioner Tweeddale and Secretary Johnston; but the Act which had been passed under their management still continued to be law in Scotland.