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This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Excerpt from William Paterson, the Merchant Statesman, and Founder of the Bank of England: His Life and Trials His historical account of the rise and growth of the West India Colonies, and of their great commercial value to England. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The Price of Scotland covers a well-known episode in Scottish history, the ill-fated Darien Scheme. It recounts for the first time in almost forty years, the history of the Company of Scotland, looking at previously unexamined evidence and considering the failure in light of the Company's financial records. Douglas Watt offers the reader a new way of looking at this key moment in history, from the attempt to raise capital in London in 1695 through to the shareholder bail-out as part of the Treaty of Union in 1707. With the tercentenary of the Union in May 2007, The Price of Scotland provides a timely reassessment of this national disaster. REVIEWS Douglas Watt has brought an economist's eye and poet's sensibility in the Price of Scotland... to show definitively... that over-ambition and mismanagement, rather than English mendacity, doomed Scotland's imperial ambitions. - THE OBSERVER The Price of Scotland treats Darien as a financial mania. - THE FINANCIAL TIMES Exceptionally well written, it reads like a novel. As I say - if you're not Scottish and live here - read it. If you're Scottish read it anyway. It's a very, very good book. - i-on magazine The must-have book on the events in advance of the Act of Union that brought Scotland and England together in 1707 is Douglas Watt's The Price of Scotland. It's a fantastic run-through of the "catastrophic failure" of the Darien Scheme - the creation of the Company of Scotland to establish a Central American colony. THE FINANCIAL TIMES