THE 
MONTHLY MAGAZINE. 
No. 406. ] 
FEBRUARY 1, 1825. 
[Price 2s. 
Toric of the Monn. 
S, notwithstanding the accumula- 
tion of documents on the widely 
ramifying topic of Joint-Stock Com- 
panies, the double duty of preparing for 
this month, not only the usual current 
number of our Magazine, but the Sup- 
plement also for the precedent volume, 
has precluded the necessary time and 
attention for the digestion and arrange- 
ment of those materials,—and for 
marking, with requisite discrimination, 
the line of distinction between the spe- 
_culative bubbles, whose object, or, at 
least, whose operation, must be the 
prompt enrichment of the projectors by 
anticipated interest upon a moon-shine 
capital, and those which have a real 
tendency to the advancement. of some 
necessary or beneficial object, involving 
the general good ;—and as, also, one of 
the communications with which it was 
in contemplation to commence the me- 
ditated series, has not yet come entire 
to hand, the Editor deems it necessary 
tO suspend again the discussion of that 
important subject; and to satisfy him- 
self, for the present, with merely re- 
peating his warning to those who are 
- about to invest, or to pledge, their bond- 
Jide capital, in any of these projects, to 
make use of a little precautious calcula- 
tion and inquiry, before they give exor- 
‘bitant premiums, for mere flourishing 
prospectusses, to those who have, in 
reality, advanced no capital at all,—ex- 
cept what may have been expended in 
ink and paper for their delusive puffs; nor 
have placed themselves, in reality, under 
any necessity of ever advancing any: 
and who, from the nature of the specu- 
lations, are sure to be themselves en- 
riched, though the concerns they have 
projected should ultimately fall into 
utter bavkruptey, and involve the real, 
i.e. the ultimate and permanent sub- 
scribers and proprietors, in beggary and 
ruin.* 
* Infatuations of this kind appear at cer- 
tain times, and under the influence, we 
suppose, of certain planets, to be endemi- 
eal. The joint-stock star (whether dog- 
star, or by whatever other more discrimi- 
native name it may becalled,) raged with 
something like a correspondent fury just 
Monvury Mac. No. 406, 
In the mean time, a paper has been ' 
transmitted to us by an intelligent cor- 
respondent, which may perhaps be still 
more 
one hundred and three years ago— as ap- 
pears by the following list of joint-stock 
companies, extracted fromthe Weekly Packet, 
a newspaper of that time, dated January 2, 
1720: 
For building or buying ships to let or freight at 
Garraway's, Exchange-alley, £1,200,000. 
For the raising the growth of raw silk, £1,000,(00. 
For lending, upon the deposit of goods, stock, 
tallies, &c. at Robins, Exchange-alley, £1,200,000. 
For buying and selling of estates, public stocks, 
government securities, and tolend money, £3,000,000. 
For carrying on the undertaking business for fur- 
nishing funerals, £1,200,000, at the Fleece Tavern, 
Cornhill. 
For buying lead mines and working them, Ship 
Tavern. : 
£4,000,000 for purchasing and improving com- 
mons and waste lands, Hanover Coffee-house. 
. A subscription for effectually settling the Islands of 
Blanco and Saltortugas. 
For supplying the London market with cattle, 
Garraway’s. 
For smelting lead-ore in Derbyshire, Swan and 
Rummer. 
£2,000,000 for intporting walnut-tree from Vir- 
ginia, Garraway’s. 
- For purchasing tin and lead mines in Cornwall 
and Derbyshire, Halfmoon Tavern. 
£2,000,00 for an engine to supply Deal with fresh 
water, &c. Black Swan. 
For making Joppa and Castile soap, Castle. Ta- 
vern. 
£4,000,000 for exporting woollen stuffs, and im- 
porting copper, brass and iron, and carrying on a 
pie feuniiry, Virginia Coffee-house. 
This day, the 8th instant (Jan. 1720), at Sam’s 
Coffee-house, behind the Royal Exchange, at three 
in the afternoon, a book will be opened for entering 
into a joint-copartnership for carrying on a-thing 
that will turn to the advantage of the concernéd, 
—- settlement in the Island of St. Croix, Cross 
eys. 
2,000 shares for discounting pensions, &c. Globe 
Tavern. 
£4,000 for improving all kinds of malt liquors, 
Ship Tavern. : 
A Society for landing and entering goods at the 
Custom-house, on commissions, Robins.—£2,000,000 
for a Friendly poked for purchasing merchandizg 
and lending money, King’s Arms. 
£2,000,000. for purchasing and improving fens in 
Lincolushire, Sam’s. 
£4,000,060 for improving lands in Great Britain, 
Pope’s Head. ‘ 
The Gold and Silver teed B ; 
For extracting Silver from Lead, Vine Tavern, 
For trading to Barbary and Africa, Lloyd's. 
Making Iron from Pit-coal. 
Insurance Office for Horses Dying Natural Deaths, 
stolen or disabled, Crown Tavern, Smithfield. 
A rival to the above for £2,000,000 at Robins’s. 
For furnishing London with Hay and Straw, Great 
St. James's Tavern. 
_ £100,000.for a perpetual motion by means of a 
wheel moving by force of its own weight, Ship 
Tavern. 2 E 
A copartnership for insuring and increasing Chil. 
dren's fortunes, Fountain Tavern. 
£400,000 for manufacturing iron and steel, Black 
Swan Tavern. 
£200,000 to be lent upon pledges, Blue Coat 
Coffee House. 
£2,000,000 for erecting salt-pans in Holy Island, 
John’s Coffee House. 
