From
The Irish Times:
A feature of the Irish tontines was the large-scale
involvement of investors from Geneva, who were learning how to “game”
the system. In 1777, they tied their combined £50,000 investment to the
life expectancies of 50 young girls, aged three to seven, from families
known for longevity. The plan worked well. Forty years later, 64 per cent
of the nominees were still alive, compared with 42 per cent of their age
cohort in the rest of the tontine.
Smaller investors in 1777 included the founder of the
Presentation Sisters,
Nano Nagle,
whose £100 share nominated the life of a younger nun, to whom she later
bequeathed it. Another £100, from persons unknown (at least to me), was
tied to the fate of Marie Antoinette. Aged 21 in 1777 (although it says
20 on the tontine list), she must have seemed a safe bet.
In Reflections on the Revolution in France, a
saddened Burke recalled his enchantment at having seen the future queen
at Versailles in the mid-1770s. Her country was then “a nation of
gallant men,” he said, in which he thought “ten thousand swords must
have leaped from their scabbards, to avenge even a look that threatened
her with insult”. Alas, he now knew, “the age of chivalry is dead”.
In fact it wasn’t quite dead in Burke’s native
Ireland, where in 1792 a plot was hatched to free the queen from prison
and get her out of France on a wine-merchant’s ship.
(Read more.)
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