The Writings of William Paterson Volume 3; Paterson on the Union of 1706. Paterson's Public Library of Trade and Finance. Paterson's Writings. Paterso

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1859 Excerpt: ... PATERSON AND THE DARIEfl COLONY. Paterson's early attention to the formation of a free settlement in Spanish America, --his services to the company which founded the settlement, --and his long disappointment after its ruin, have been already stated in another volume. The following passage from Defoe has an especial interest, inasmuch as the famous author of Robinson Crusoe was not only Paterson's cotemporary, but they were both employed to promote the union, and both took a lively share in the same subjects at home and abroad j nevertheless in Defoe's voluminous writings, no other allusion has been found to Paterson's important designs. King William, says Defoe, in the Advantages of Scotland in a corporate Union with England (Edinburgh, 4to, 1706, p. 10.), King William, for all that's laid to his charge, was not so much to blame for the failure of the African Company as the managers of the company. I can remember very well what he told a worthy and noble patriot of this country, one of the most eminent in it, and to whom we owe more than ever he'd tell us, or I am afraid we'll be sensible of, whatever fools, madmen, or Jacobites may asperse him with, --I say, I remember how he I now speak of, pressed the king to call in the proclamations issued in the West Indies. The king told him that 'those proclamations were extorted from him; and he could not call them back. It was not the pro'clamations that hindered the Scots from being supplied with 'those necessaries they wanted; but they had no money to buy 'them. He saw how his woollers in Romney Marsh run out 'quantities of wool every year to France, although death by law, 'and all because they are sure of ready money, and a good 'price.' The story is easily applied. The king's remark confirms Paterson's stat...