Thomas Boylston

No Dates


Biography

Boston merchant, then in London, where he entered into an arrangement with Lane, Son and Fraser, American merchants, under which he invested £40,000 in exchange for a share of the profits. When the firm failed in 1793 he denied he was a partner, saying he was merely a lender (at a usurious rate of interest). He was held to be a partner but preferred to remain in prison rather than give up to creditors his assets (which were largely in America).


Sources

Francis Vesey, Reports of Cases Argued and Determined in the High Court of Chancery 1789-1817 (1845), Volume 17 pp. 405-408.


Further Information

Absentee?
USA

Legacies Summary

Commercial (1)

Partner (although he denied this)
Lane, Son & Fraser
North American merchant  
 
notes →
Thomas Boylston entered into an arrangement with Lane, Son and Fraser, American merchants, c. 1781 under which he invested £40,000 in exchange for a share of the profits. When the firm failed in...

Relationships (1)

Business associates