Joseph Gage

Joseph Gage

Joseph Edward Gage (c.1687 – 1766) was an entrepreneur and speculator. He was the son of Joseph Gage of Sherborne Castle and Elizabeth Penruddock and the brother of Thomas Gage, 1st Viscount Gage Bt

As a young man in Paris borrowed money from Richard Cantillon to speculate in shares in Mississippi Company and The South Sea Company. He made a vast paper fortune, whereupon he offered Augustus II the Strong the King of Poland 3,000000 pounds for his crown. When this offer was declined he made a similar offer for the crown of Sardinia. Later he was granted a silver mine, and entered into the service of the King of Spain, having the command of his armies in Sicily and Lombardy, and being created a grandee (March 1743) of the first class of the kingdom of Spain. [ [http://www.genuki.org.uk/big/eng/History/Barons/barons9.html GENUKI: English Peerage 1790: Barons 9 ] ] He was also presented by the King of Naples with the order of San Gennaro, and a pension of 4000 ducats a year. [ [http://www.1066.co.nz/library/battle_abbey_roll2/subchap64.htm 1066: A Medieval Mosaic (Medieval Mosaic) ] ] He married Lady Mary Herbert who was also involved in Gages' financial speculations. She was twice baled out by her father, William Herbert, 1st Marquess of Powis after making substantial loses.

References

"Richard Cantillon: Entrepreneur and Economist" by Antoin E. Murphy ISBN 0198285353

ee also

*Viscount Gage


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