The Financial House that Jack Built.

£1,500 · Offered by Shapero Rare Books · No longer available

satire attacking government and stock-jobbers A satirical riff on the English nursery rhyme The House that Jack Built, criticising the economic policy of Nicholas Vansittart (1766-1851), Chancellor of the Exchequer, and attacking the stock market more generally. It starts with the Pigeons (the punters), who are preyed on by the Rooks, (the stock-jobbers), who snare the Lame Ducks who cannot settle their dealings in Scrip and Omnium. 'Vansittart came into office at one of the most embarrassing periods in the history of English finance... On 3 March 1813 he brought forward, in a number of resolutions in the House of Commons, a "new plan of finance", dealing with the sinking fund. Under this plan, by repealing portions of the sinking fund bill, 42 George III, c. 71, it was believed the great advantage could be secured of keeping in reserve in time of peace the means of funding a large sum in case of renewed hostilities... This scheme was the first specimen of similar contrivances by Vansittart, all burdened with mysterious complications, which, after first winning from the public a puzzled admiration for the ability of their author, eventually brought him into disrepute' (DNB). His repeated proposals to borrow from the fund led to his eventual undoing in 1823, when he was finally persuaded to exchange the office of Chancellor for a peerage in the House of Lords. The pamphlet was likely inspired by William Hone's popular tract, The Political House that Jack Built, a seething atta

• Binding: Hardcover

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