Front Page Titles (by Subject) 238.: wakefield to ricardo1 - The Works and Correspondence of David Ricardo, Vol. 7 Letters 1816-1818
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238.: wakefield to ricardo1 - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 7 Letters 1816-1818 
The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 7 Letters 1816-1818.
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First published by Cambridge University Press in 1951. Copyright 1951, 1952, 1955, 1973 by the Royal Economic Society. This edition of The Works and Correspondence of David Ricardo is published by Liberty Fund, Inc., under license from the Royal Economic Society.
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wakefield to ricardo1
Talliaris Park December 7. 1817.
A short time since I was applied to for a sum of money to be lent on mortgage to the Earl of Portalington2 in Ireland—the security comprises a Borough—and as Ireland is a registered country and the legal rate of interest 6 pr. Cent I felt an inclination to invest a part of my son’s money3 upon the security—the amount required is from 10 to £20.000
The application was made to me by Mr. Kirkland of St. James’s Street4 —and I proposed to lend the money— provided a preferrence was given to me of the nomination of the member at the market price of the day—leaving to some distinguished and honourable member of the house to say how much should be paid—say such a person as Mr. Grenfell
Mr. Kirkland promised to see Lord Portalington and let me know—and I have heard nothing since—until the receipt of a letter yesterday—from Lord Portalington’s agent in Dublin asking for the money—he says nothing about the stipulation to which I have adverted—but I have replied to his letter telling him that he may have the money but requesting a personal interview with Mr. Kirkland.
If I cannot lay my son’s money out advantageously in a landed Estate—I shall wish for the security—and should it be given with the stipulation to which I have adverted the seat will be at your service—if I meet directly with a property which will absorb all his money—you may should you choose it—take the security and advance the 10 or £20.000 which is required—but should you dislike it I shall then offer it to an employer of mine who I know will be anxious to do so and take the seat
I am in negociation for Lord Oxford’s property in that County for my son
I shall be in London about the 19th. Int. against which time I shall be happy to hear from you about Lord Portalington —and as the matter of your letter may be as well not to be made known to my clerks—I will thank you to write “Private” on the outside of the letter3
I am Your most faithful humble servant
David Ricardo Esq.
[1 ]Addressed: ‘David Ricardo Esqr / Gatcombe Park / Minching Hampton / Glostershire’. Franked by Lord Seymour, from Llandilo.
[2 ]Should be ‘Portarlington’.
[3 ]His son was Edward Gibbon Wakefield (1796–1862), at this time attached to the British Legation at Turin. His elopement and marriage with a wealthy ward in Chancery, Eliza Pattle, resulted in the Lord Chancellor’s making ‘the most liberal settlement on his ward’s husband that had ever been remembered in the records of Chancery’, giving to him the equivalent of an income between £1500 and £2000 per annum (Irma O’Connor, Edward Gibbon Wakefield, London, 1928, p. 31).
[4 ]Nugent Kirkland, army agent.
[1 ]The Manor of Brinsop Court, in Herefordshire.
[2 ]Thomas Crosse, Ricardo’s solicitor.
[3 ]For further news from Wakefield on this subject see letters 244 and 288.