As a young man in Paris, he borrowed money from Richard Cantillon to speculate in shares in Mississippi Company and the South Sea Company. He made a vast paper fortune, whereupon he offered Augustus II the Strong the King of Poland 3,000,000 pounds for his crown. When this offer was declined, he made a similar offer for the crown of Sardinia. Later, he was granted a silver mine, and entered into the service of the King of Spain, given the command of his armies in Sicily and Lombardy, and created a grandee (March 1743) of the first class of the kingdom of Spain.[1] He was also presented by the King of Naples with the order of San Gennaro, and a pension of 4000 ducats a year.[2]
He married Lady Mary Herbert, who was also involved in Gage's financial speculations. She was twice bailed out by her father, William Herbert, 1st Marquess of Powis, after incurring substantial losses.
Referencesedit
Richard Cantillon: Entrepreneur and Economist by Antoin E. Murphy ISBN0-19-828535-3
This biography of a peer, peeress or noble of the United Kingdom, or one or more of its constituent countries, is a stub. You can help Wikipedia by expanding it.
joseph, gage, joseph, edward, gage, 1687, 1766, entrepreneur, speculator, sherborne, castle, elizabeth, penruddock, brother, thomas, gage, viscount, gage, btas, young, paris, borrowed, money, from, richard, cantillon, speculate, shares, mississippi, company, s. Joseph Edward Gage c 1687 1766 was an entrepreneur and speculator He was the son of Joseph Gage of Sherborne Castle and Elizabeth Penruddock and the brother of Thomas Gage 1st Viscount Gage BtAs a young man in Paris he borrowed money from Richard Cantillon to speculate in shares in Mississippi Company and the South Sea Company He made a vast paper fortune whereupon he offered Augustus II the Strong the King of Poland 3 000 000 pounds for his crown When this offer was declined he made a similar offer for the crown of Sardinia Later he was granted a silver mine and entered into the service of the King of Spain given the command of his armies in Sicily and Lombardy and created a grandee March 1743 of the first class of the kingdom of Spain 1 He was also presented by the King of Naples with the order of San Gennaro and a pension of 4000 ducats a year 2 He married Lady Mary Herbert who was also involved in Gage s financial speculations She was twice bailed out by her father William Herbert 1st Marquess of Powis after incurring substantial losses References editRichard Cantillon Entrepreneur and Economist by Antoin E Murphy ISBN 0 19 828535 3 GENUKI English Peerage 1790 Barons 9 1066 A Medieval Mosaic Medieval Mosaic See also editViscount Gage nbsp This biography of a peer peeress or noble of the United Kingdom or one or more of its constituent countries is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Joseph Gage amp oldid 1083167796, wikipedia, wiki, book, books, library,
