August 26, 1642
August 26, 1642
The story as it unfolds:

SYDNEY is in TROUBLE; and more so, the KING.

From the section: Letters

Dear Mr Holyfen,

As you will recall, the firm of Halpenny and Son accepted you as a junior partner, largely at the behest of Mr John Hampden, despite well-justified concerns regarding your practices as a merchant while in Italy and the Low Countries. I mean those transactions undertaken during the recent mania for the bulbs of the tulip flower, and specifically the scheme (which you claim to have originated) of borrowing bulbs, selling them for your own profit less a miniscule security to the lender, then repurchasing the same bulb and returning it to the lender.

This scheme, which was inordinately successful for you, was declared illegal in Holland following the regrettable suicide of Mynheer Kristiaan Bogardus, a significant lender of bulbs left destitute after the collapse of the market for those items.

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Charles Stuart, who in driving rain last Thursday hoisted his standard against the Parliament of England, is finding the raising of an army considerably more difficult

The Edinburgh-born Charles, first of that name and the second Scot to occupy the throne of Edward the Confessor, has added less than five hundred horse to the thousand who stood with him on Nottingham's Castle Hill and applauded his vow to “smite the Roundheads and Rebels.” His foot numbers less than three hundred; artillery is conspicuous by its absence. His attempt earlier this month to seize the magazine at Hull was, as readers of Anglia Redivia know, thwarted by the refusal of Sir John Hotham to allow him into the city. Hotham, with Sir Ferdinando Fairfax, is performing admirable service holding the East Riding of Yorkshire for Parliament.

The mood in the camp of the King is described as “melacholic.”

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NEW YORK

Printed by RAYOGRAM, near the Tombs,
for Commissary-General JAMES HOLLOWAY,
and available through the AETHER; 2009.