Note 448 — Chapter XIV

On 2nd December 1796, Thomas Coutts, Pitt's banker, wrote to him: "Mr. Dent, Mr. Hoare, Mr. Snow, Mr. Gosling, Mr. Drummond, and myself met today, and have each subscribed £50,000.... I shall leave town tomorrow, having staid solely to do any service in my power in forwarding this business, which I sincerely wish and hope may be the means of procuring peace on fair and honourable terms. P.S.—We have subscribed £10,000 in your name, and shall take care to make the payments" (Pitt MSS., 126). Mr. Abbot ("Lord Colchester's Diary," 76) states that fear of a compulsory contribution helped on the Loyalty Loan.