Another entry refers to his having been admitted to the freedom of the Merchant Taylors Company. Mr Montefiore received a letter from Mr Matthias Attwood, informing him that he had proposed his name at the Court of the above Company for admission to the freedom and livery of the same. The proposition, said Mr Attwood, was carried unanimously, many of the members expressing the high respect they entertained for Mr Montefiore's personal character.
On the 4th of November he was accordingly admitted and sworn a freeman of the said Company. "Matthias Attwood," says Mr Montefiore, "has acted with the greatest kindness in procuring me this honour, I being the first Jew admitted to their Company. At the next meeting of the Court I am to be made one of the livery."
A printed slip of a newspaper is affixed to one of the leaves of the diary, referring to a loan raised under the authority of the Act 3 and 4 of William IV., cap. 73, for the compensation to owners of slaves; it reads as follows:—
"The parties to the contract for the £15,000,000 loan are N. M. Rothschild and Moses Montefiore on the one part, and Lord Melbourne, Mr F. Spring-Rice, Lord Seymour, and Messrs W. H. Old, R. Steward, and R. More, on the other; witnesses, Messrs James Pattison, Governor, and T. A. Curtis, Deputy-Governor of the Bank of England."
There is another slip attached to it, showing the interest on this loan to have been lower than several preceding ones.
The interest on the loan of 1812 was £3, 5s. 7d., and of 1813, £5, 10s.
Second loan of 1813, £5, 6s. 2d.; 1814, £4, 12s. 1d.; 1815, £5, 12s. 4d.; 1819, £4, 5s. 9d.; 1820, £4, 3s. 3d.; and on the present loan, £3, 7s. 6d.
The particulars of that loan are given in the Money Market and City Intelligence, dated Monday evening, 3rd August 1835:
"The bidding for the West Indian loan took place this morning. Mr Rothschild and his friends waited upon Lord Melbourne and the Chancellor at ten o'clock. Mr Rothschild's tender, the only one prepared, the other lists having been withdrawn, was then opened, when that gentleman's bidding was found to be 14s. 11d. in long annuities. The offer having been declined, the sealed minimum of ministers, as previously arranged, was opened, and it appeared they were not willing to give more than 13s. 7d. of annuities in addition to £75 consols and £25 redeemed 3 per cents, for every £100 in money subscribed. It was for Mr Rothschild, therefore, either to agree to those terms or to abandon the contract. That gentleman and his friends retired for a short time to consult on the subject, and finally agreed to accept them. An important concession was, however, obtained in regard to the discount for paying up the instalments, which is to be at the rate of 4 per cent. on the payment, as in all former contracts for loans, and gives a bonus of £1, 19s. 10d. in favour of the contractors. The subscribers to the loan have now an inducement which did not exist under the arrangement at first proposed, for completing the instalments and turning their omnium into stock. Though it is an advantage, therefore, to them, it is considered somewhat against the present price of consols, as a large supply may at any time be thrown upon the market. The Chancellor of the Exchequer assured the gentlemen who attended the bidding, that all means would be taken on his part to bring back into circulation the money that might come into his hands beyond the amount called for to meet the West Indian claims. On the subject of debentures (they are not named in the contract specially) against which, as a security not yet created, there were many objections, it is agreed that they shall be at all times made receivable to the instalments of the loan. When the terms were first made known, the scrip bore a premium of 2-3/4 to 3 per cent., but they produced a decline in consols, which went back to 89, a fall of nearly 1 per cent. at the highest price of the morning. A large amount of business was done both in the stock and in the scrip; the fluctuations in them were not, however, very considerable afterwards. The following are the concluding quotations:—
"Consols for the account, 89-3/4 to ——; omnium 2-3/4, 3 premium; Exchequer bills, 18s. to 20s. premium."