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Encyclopedia Britannica



CRAGGS, JAMES (16571721)

This article appears in Volume V07, Page 361 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: COR-CRE
CRAGGS, JAMES (16571721) , English politician, was a son of Anthony Craggs of Holbeck, Durham, and was baptized on the loth of June 1657. After following various callings in London, Craggs, who was a person of considerable
financial
  ability, entered the service of the duchess of Marlborough, and through her influence became in 1702 member of
parliament
  for
Gram
 -pound, retaining his seat until 1713. He was in business as an army
clothier
  and held several official positions, becoming
joint
  postmaster-general in 1715; and, making the most of his opportunities in all these capacities, he amassed a
great
  deal of money. Craggs also increased his wealth by mixing in the affairs of the
South
  Sea Company, but after his death an act of
parliament
  confiscated all the property which he had acquired since December 1719. He left an enormous fortune when he died on the 16th of
March
  1721. It is possible that Craggs committed suicide.
His son, JAMES CRAGGS the younger (1686-1721), was born at Westminster on the 9th of April 1686. Part of his early life was spent abroad, where he made the acquaintance of George Louis, elector of Hanover, afterwards King George I. In 1713 he became member of parliament for Tregoney, in 177 secretaryat-war, and in the following year one of the principal secretaries of state. Craggs was implicated in the
South
  Sea Bubble, but not so deeply as his father, whom he predeceased, dying on the 16th of February 1721. Among Craggs's friends were
Pope
 , who wrote the epitaph on his monument in Westminster Abbey,
Addison
  and Gay.


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