Note 826 — Chapter VII · (continued 2)

In his Thoughts on French Affairs, written in 1791, he says, ‘At no period in the history of England have so few peers been taken out of trade, or from families newly created by commerce.’ Burke's Works, vol. i. p. 566. Indeed, according to Sir Nathaniel Wraxall (Posthumous Memoirs, vol. i. pp. 66, 67, Lond. 1836), the only instance when George III. broke this rule was when Smith the banker was made Lord Carrington. Wraxall is an indifferent authority, and there may be other cases; but they were certainly very few, and I cannot call any to mind.