Online Encyclopedia

JAMES CRAGGS (1657–1721)

Online Encyclopedia
Originally appearing in Volume V07, Page 361 of the 1911 Encyclopedia Britannica.
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JAMES CRAGGS (1657–1721)  ,
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English politician, was a son of Anthony Craggs of Holbeck, Durham, and was baptized on the loth of
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June 1657 . After following various callings in
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London, Craggs, who was a person of considerable
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financial ability, entered the service of the duchess of Marlborough, and through her influence became in 1702 member of parliament for
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Gram-pound, retaining his seat until 1713 . He was in business as an army
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clothier and held several official positions, becoming joint postmaster-general in 1715; and, making the most of his opportunities in all these capacities, he amassed a
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great
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deal of
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money . Craggs also increased his
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wealth by mixing in the affairs of the South Sea
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Company, but after his
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death an act of parliament confiscated all the
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property which he had acquired since December 1719 . He
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left an enormous fortune when he died on the 16th of March 1721 . It is possible that Craggs committed suicide . His son, JAMES CRAGGS the younger (1686-1721), was born at Westminster on the 9th of
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April 1686 .
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Part of his early
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life was spent abroad, where he made the acquaintance of George Louis, elector of Hanover, afterwards King George I . In 1713 he became member of parliament for Tregoney, in 177 secretaryat-war, and in the following
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year one of the
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principal secretaries of state . Craggs was implicated in the South Sea Bubble, but not so deeply as his
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father, whom he predeceased, dying on the 16th of
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February 1721 . Among Craggs's friends were Pope, who wrote the epitaph on his monument in Westminster Abbey, Addison and Gay .

End of Article: JAMES CRAGGS (1657–1721)
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