At the first regular meeting of the club Mr. Brewer, of St. Sepulchre’s, who was the Deputy for the North Side of the Ward, was duly elected a member, and at a meeting held on October 17, 1792, the celebrated John Wilkes, Alderman of the Ward, was unanimously elected an honorary member. The subscription to the club was one guinea per annum, and the principal source of income appears to have been derived from wagers for bottles of wine amongst the members, the annual elections for Common Councilmen in the Ward always producing a good number of bets as to the position of the various members of the club at the declaration of the poll. Wagers were laid about every conceivable thing under the sun, as a few of the following examples will show:—
January 25, 1792.—“Mr. Whipham laid Mr. P. North a gallon of claret that 14 days from this date the 3 per Cent. Consols would be 95 per cent.” Mr. Whipham lost.
January 16, 1793.—“Mr. P. North lays Mr. Hounsom a bottle of wine that he (Mr. P. North) will be in bed before 2 o’clock the next morning (January 17), and Mr. Hounsom lays Mr. P. North that he has lost the above wager.”
June 12, 1793.—“Mr. P. North lays that Mr. Hounsom will not forget to pay Mr. Thorne the 2d. to-morrow in the course of the day which he (Mr. Thorne) had lent and advanced for him to pay the waiter 2d. for a Welsh rarebit which Mr. Hounsom had for his supper.”
January 19, 1793.—“Mr. Thorne reported that Mr. Hounsom had paid him the 2d. at half-past 9 o’clock in the morning.”
June 12, 1793.—“Mr. Lambe and Mr. Dep. Nicholls ‘1 bottle.’ Mr. Lambe lays that Mr. Dep. Nicholls knows Miss W——. Upon explanation Mr. Dep. Nicholls lost. Mr. Jones and Mr. J. North ‘1 bottle.’ Mr. Jones lays that neither Mr. Lambe nor Mr. Dep. Nicholls knows Miss W——. Mr. Jones lost. Mr. Dep. Nicholls requested that the club would permit him to pay a bottle for having termed Miss W—— Mr. Hounsom’s friend instead of neighbour. Ordered that it be granted. Mr. Lambe and Mr. J. North ‘a bottle.’ Mr. Lambe lays that he (Mr. Lambe) never ran away from a good thing. After some discussion it was decided that Mr. Lambe had lost the bet.”
In 1795 a great number of bets were made about the wearing of hair powder, and the wagering was so keen that counsel’s opinion was taken as to who had won the respective bets; the original opinion and decision of the counsel (Mr. George Bond, of Serjeants’ Inn) is attached to the Minute Book.
It was also the custom of the club to wager on the “first letter” of the King’s or Queen’s Speech after the words “My Lords and Gentlemen.” This naturally afforded great scope for speculation, which, it appears by the minutes, the members were accustomed to take full advantage of. When the funds of the club were low the following among other expedients was adopted:—
February 22, 1792.—“Resolved that any member of this club elected to any office of honour or emolument shall pay for the benefit of the club one bottle of port wine.”
April 8, 1795.—“Mr. Hounsom and Mr. Whipham ‘1 bottle.’ Mr. Hounsom lays that the Prince of Wales will not have issue within the space of 12 months. Mr. Fisher and Mr. Williams ‘1 bottle.’ Mr. Fisher lays that the Prince of Wales will have issue within the space of 12 months. Mr. Thorne and Mr. George ‘1 bottle.’ Mr. Thorne lays that the Princess of Wales will be delivered of a son or daughter within 12 calendar months.”