General James

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Post by kosovohp on Fri Oct 29, 2010 11:04 pm

While details regarding Richard Cantillon's life are scarce,[6] it is thought that he was born sometime during the 1680s in County Kerry, Ireland.[1] He was son to land-owner Richard Cantillon of Ballyheigue.[7] Sometime in the middle of the first decade of the 18th century Cantillon moved to France, where he attained French citizenship.[8] By 1711, Cantillon found himself in the employment of British Paymaster General James Brydges, in Spain, where he organised payments to British prisoners of war during the War of Spanish Succession.[9] Cantillon remained in Spain until 1714, cultivating a number of business and political connections, before returning to Paris.[10] Cantillon then became involved in the banking industry working for a cousin, who at that time was lead-correspondent of the Parisian branch of a family bank.[11] Two years later, thanks in large part to financial backing by James Brydges, Cantillon bought his cousin out and attained ownership of the bank.[12] Given the financial and political connections Cantillon was able to attain both through his family[13] and through James Brydges, Cantillon proved a fairly successful banker, specializing in money transfers between Paris and London.[14]

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