Carolina Lords Proprietors

Archibald Hutcheson

In 1727, Sir John Tyrrell gave his share of Carolina to his father-in-law, John Cotton, and this was placed in trust and managed by Archibald Hutcheson. This share was sold to the Crown in 1728/1729.

One of the other share owners, Samuel Horsey, accused Hutcheson of being "the occasion of many difficulties, which obstructed the agreement [to surrender the Carolina Charter to the Crown] for some time."


Archibald Hutcheson (c.1659 - August 12, 1740) was the son of Archibald Hutcheson of Stracum or Stranocum, County Antrim, Northern Ireland. He trained as a barrister (attorney) and was called to the bar in 1683. His real passion, however, was economics.

Hutcheson married four times, secondly to Mary Gayer in 1715, a widow from Stepney (she died on February 19, 1727); thirdly to Rebecca in 1731; and fourthly to Elizabeth, widow of Colonel Robert Stewart of Montserrat. His first wife's name is currently not known.

In 1691, he took part in an expedition from Barbados to Guadeloupe.

He was Attorney-General of the Leeward Islands from 1688 to 1702. In November of 1708 he was elected a Fellow of the Royal Society. He was a member of the Board of Trade from December of 1714 to January of 1716. He was Deputy Steward of Westmister from August of 1726 to January of 1727.

Hutcheson was elected a Member of Parliament for Westminster, with John Cotton, from March to December of 1722 - but this election was voided since he was also elected for Hastings. He was a Member of Parliament for Hastings, with Sir Joseph Martin (1713-1715), with Henry Pelham (1715-1722), and with William Ashburnham (1722-1727) from 1713 to 1727.

Archibald Hutcheson was a noted economist for his time, and he was elected to the secret committee set up by the House of Commons to investigate the recent South Sea scandal. This was the South Sea Company's scheme to offer holders of British government debt its own shares in exchange for their claims on the state. Hutcheson proposed an alternative scheme to pay off the entire debt by increasing taxes on land. Despite Hutcheson’s opposition to the South Sea conversion scheme, it went ahead, to be followed by the South Sea Bubble and then the bursting of the bubble with the crash of the London stock market in 1720.

Click Here for a document published in 1723 entitled, "Some Paragraphs of Mr. Hutcheson's Treatises on the South Seas Subject."

He also published a number of works on economics, among them Some Calculations and Remarks Relating to the Present State of the Publick Debts and Funds (1718) and A Collection of Treatises Relating to the National Debts and Funds (1721).


Click Here for a bit more information on Archibald Hutcheson from Wikipedia online.

Click Here for more information on Archibald Hutcheson from The History of Parliament online.


 


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