An Admiral and his Money: Vice-Admiral Cuthbert Collingwood

Abstract

Vice-Admiral Collingwood was an affluent man at the beginning of the nineteenth century but had to manage this growing wealth while absent at sea for long periods at a time. Problems with wealth for the affluent included where to invest their money and with no property, Collingwood chose to invest in British government stocks whose value could vary greatly.  The author examines the sources of Collingwood’s growing wealth, how he invested his money (mostly in British Government stocks), his anxieties about fluctuations in the price of consols and desire to spread risk by investing in a small farm. It concludes with an examination of monies left in his will.

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Filed under: Napoleonic War | French Revolution | Other (location)
Subjects include: Biography