George Caswall

George Caswall

Sir George Caswall was a British Member of Parliament who represented the Herefordshire seat of Leominster from 1717 to 1721.

George Caswall was one of seven members expelled from the House of Commons in 1721. Caswell's punishment was the result of his involvement (through the firm of Turner, Caswall & Co and the Sword Blade Company [ [http://www.vanderbilt.edu/econ/sempapers/Neal.pdf The Development of the Rules and Regulations of the London Stock Exchange ] ] ) in the South Sea Company scandal; his specific offence being the acquisition – free of charge – of £50,000 of stock in the company while its formation was before parliament [ [http://www.election.demon.co.uk/expulsions.html Members expelled from the House of Commons since the Restoration ] ] . In addition Turner, Caswall & Co was ordered to make a restitution of £250,000 [ [http://www.everything2.com/index.pl?node_id=493479 The South Sea Bubble part 3@Everything2.com ] ] .

In the aftermath of the scandal, Caswall was involved in protracted legal proceedings against Henry Bentinck, 1st Duke of Portland [ [http://ideas.repec.org/p/san/cdmawp/0605.html Sir George Caswall vs. the Duke of Portland: Financial Contracts and Litigation in the wake of the South Sea Bubble ] ] .

References


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