Nicholas Magens
her colonies in America, and an expert on ship insurance, general average and bottomry who gained a great reputation in commercial matters.[1][2]
Life
Nicolaus was born
bills of exchange, to support the Duke of Brunswick.[6] They collaborated with Henry Fox, 1st Baron Holland, Paymaster of the Forces and Adrian and Thomas Hope.[7] In 1763 he moved to Brightlingsea, where he had bought two manors, which were inherited by his nephew Magens Dorrien Magens.[4]
His huge monument was sculpted by Nicholas Read.[8]
Works
- The Universal Merchant, Containing the Rationale of Commerce, in Theory and Practice; an Enquiry into the Nature and Genius of Banks, their Power, Use, Influence, and Efficacy; the Establishment and operative Transactions of the Banks of London and Amsterdam, their Capacity and ..., published in 1753, which was used by
- An Essay on Insurances: Explaining the Nature of the Various Kinds of Insurance Practiced by the Different Commercial States of Europe, and Shewing Their Consistency Or Inconsistency with Equity and the Public Good. Illustrated by Real and Extraordinary Cases, Stated at Large, with Observations Thereon, Tending to Settle Divers Doubtful Points in Making Up Accounts of Losses and Averages. To which are Annexed, Some Brief Hints to Merchants and Insurers Concerning the Risks to which Navigation is Exposed in Time of War; the King of Prussia's Exposition in Relation to the Capture and Detention of the Ships of His Subjects by the English During the Late War; the Answer from England to It; Some Remarkable Pieces Concerning the Stopping of Ships in Former Wars; and a Famous Insurance Cause Pleaded Before the House of Lords, and Some Mercantile Observations Thereon, printed in 1755, an important work on ship insurances, fundamental for the English insurance industry in those days, with the explicit intention of providing guidance to judges and lawmakers. The first volume described general features of insurance policies and a description of 36 “remarkable cases” illustrating key points. Many of these cases had been decided in London, but others were settled at Hamburg, Leghorn, Cadiz, and Lisbon, some in courts and some by arbitration. The second volume contained a translation into English of all the foreign insurance ordinances.[11]
References
- ^ "Containing the Rationale of Commerce, in Theory and Practice; an Enquiry into the Nature and Genius of Banks, their Power, Use, Influence, and Efficacy; the Establishment and operative Transactions of the Banks of London and Amsterdam, their Capacity and". LOT-ART.
- ISBN 978-0-19-861412-8. (Subscription or UK public library membershiprequired.)
- ^ "Personen".
- ^ ISBN 9781445210544– via Google Books.
- ^ M. Schulte Beerbühl (2007) Deutsche Kaufleute in London Welthandel und Einbürgerung (1600-1818)
- ^ Memorial of Nicholas Magens and George Amyand, merchants, about bills and warrants drawn and to be drawn on them for the army in Hanover
- ^ "Inventarissen".
- ^ Dictionary of British Sculptors 1669-1851 by Rupert Gunnis p.316
- ^ Horsley, William (25 July 1753). "The Universal Merchant: Containing the Rationale of Commerce, in Theory and Practice: An Enquiry Into the Nature and Genius of Banks ... the Doctrine of Bullion and Coins Amply Discussed ... Exemplified by Remarks Historical, Critical and Political ..." W. Owen – via Google Books.
- ^ Palgrave's Dictionary of Political Economy edited by John Eatwell
- ^ Christopher Kingston, Governance and institutional change in marine insurance, 1350–1850, European Review of Economic History, Volume 18, Issue 1, February 2014, Pages 1–18, https://doi.org/10.1093/ereh/het019
Bibliography
- Geoffrey Clark, Insurance as an Instrument of War in the 18th Century, "The Geneva Papers on Risk and Insurance", vol. 29, no. 2 (apr. 2004), pp. 247–257.[1]
- Robert Lee (ed.), Commerce and culture. Nineteenth-Century Business Elites, London and New York, Routledge, 2016, pp. 240–248.
- Fondazione Mansutti, Quaderni di sicurtà. Documents of the history of insurance, edited by M. Bonomelli, bibliographic cards C. Baptist, critical notes by F. Mansutti, Milan, Electa, 2011, p. 208.
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