James Craggs the Elder

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James Craggs, 1710

James Craggs the Elder (1657 – 16 March 1721), of Jermyn Street, Westminster and Charlton, Lewisham, Kent, was an English financier and Whig politician who sat in the

British House of Commons
from 1702 to 1713.

Life

Craggs was baptized on 10 June 1657, the eldest son of Anthony Craggs of Wolsingham, county of Durham, and his wife Anne Morcroft, daughter of Rev. Ferdinando Morcroft, DD, of Goswich, Lancashire, rector of Stanhope-in-Wardell, county Durham and prebendary of Durham. He was educated at Bishop Auckland grammar school.[1]

After following various callings in London, Craggs, who was a person of considerable financial ability, entered the service of the

Member of Parliament for Grampound. He retained the seat until the 1713 British general election.[1]

Craggs was in business as an army clothier and held several official positions, becoming joint

South Sea Company, but after his death an act of parliament confiscated all the property which he had acquired since December 1719. He left an enormous fortune when he died in disgrace for his involvement in the South Sea Bubble, a month after the death of his son. It is possible that Craggs the Elder committed suicide.[2]

He married Elizabeth Richards, daughter of the Irish artillery officer Jacob Richards corn chandler, of Westminster on 4 January 1684. Their children included James Craggs the Younger, and Anne Craggs, wife of Robert Nugent, 1st Earl Nugent, Elizabeth wife of Edward Eliot and Margaret wife, firstly of Samuel Trefusis and secondly of Sir John Hinde Cotton.

References

  1. ^ a b "CRAGGS, James I (1657-1721), of Jermyn Street, Westminster and Charlton, Lewisham, Kent". History of Parliament Online (1690-1715). Retrieved 1 July 2019.
  2. ^  One or more of the preceding sentences incorporates text from a publication now in the public domainChisholm, Hugh, ed. (1911). "Craggs, James". Encyclopædia Britannica. Vol. 7 (11th ed.). Cambridge University Press. p. 361.
Parliament of England
Preceded by
Member of Parliament for Grampound
1702–1707
With: Francis Scobell
1702–1707
Succeeded by
Parliament of Great Britain
Parliament of Great Britain
Preceded by
Parliament of England
1707–1713
With: Francis Scobell 1707–1708
Thomas Scawen 1708–1710
Thomas Coke
1710–1713
Succeeded by
Military offices
Preceded by Clerk of the Deliveries of the Ordnance
1703–1711
Succeeded by
Preceded by Clerk of the Deliveries of the Ordnance
1714–1715
Succeeded by
Political offices
Preceded by
Sir John Evelyn, Bt
Postmaster General of the United Kingdom
1715–1720
With: The Lord Cornwallis
Succeeded by