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Updated: May 3, 2025
"If I were called upon," he writes, "to draw a picture of the times and of men, from what I have seen, heard, and in part know, I should in one word say that idleness, dissipation, and extravagance seem to have laid fast hold of most of them; that speculation, peculation, and an insatiable thirst for riches seem to have got the better of every other consideration...; that party disputes and personal quarrels are the great business of the day; whilst the momentous concerns of an empire, an accumulating debt, ruined finances, depreciated money, and want of credit ... are but secondary considerations."
Frontenac's enemies were fond of saying that he used his position to make illicit profits from the fur trade. Beyond question he traded to some extent, but it would be harsh to accuse him of venality or peculation on the strength of such evidence as exists.
They charge him with all sorts of malversation in office, bribery, peculation, extortion, falseness, hypocrisy, and even murder; imputing to him "the guilt of innocent blood," because, many years before, he had, as Chief-justice of New York, presided at the Trial of Leisler and Milburn; and averring that "those men were not only murdered, but barbarously murdered."
And Lord Byron adds, that, in saying this, Sheridan wept. The tone of public morality in money-matters was very low in those days. Political peculation was not thought discreditable; and heads of parties did not hesitate to secure the adhesion of their followers by a free use of the public money. They were generous, but at the expense of others like that great local magnate, who,
But so ill and so wretched did he look when he reached her little room that "mammy" forgot all thought of herself; and when he had told his tale, so kind was her comforting, so unselfish her sympathy, that his heart smote him for his old parsimony, for his hard resentment at her single act of peculation. Had not she the right to all he made?
And this facility of supply would be joined with purity of financial administration; Parliament would know exactly what was done with the money that it voted; leakages would be stopped, and peculation would cease to be possible. The arguments were at once specious and inviting.
His pay was better than his reputation, but his position was isolated, his duties and his actions subject to little official supervision. With opportunity came peculiar temptations to bribery and peculation, and to these he often succumbed. The absence of congenial society frequently weighed heavy upon him and drove him to immoderate drinking.
But on any specific matter of delinquency in its government you are as capable of judging as if the same thing were done at your door. Fraud, injustice, oppression, peculation, engendered in India, are crimes of the same blood, family, and cast with those that are born and bred in England.
Peculation did not cease, but a day of reckoning was at hand.
The possessors enjoyed no other advantage from them than permission to subscribe, at some future time, to a new sail-cloth manufactory, projected by one who was then known to be a man of fortune, but who was afterwards involved in the peculation and punishment of the South Sea directors. These permits sold for as much as sixty guineas in the Alley.
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