Wealth
Hatton became very wealthy as a result of his progressing career and the Queen's fondness for him, so much so that in 1583 he embarked on the construction of a magnificent house in Holdenby, Northamptonshire. It was, at the time, the largest privately owned Elizabethan house in England. It contained 123 huge glass windows, in the days when glass was very expensive (indeed, a good show of wealth was how many windows you could afford in your house). It had 2 great courts and was as large as the palace of Hampton Court. It was 3 storeys high and had 2 large state rooms, one for himself and another for the queen should she ever come and stay, which she never did. Lord Burghley, who visited the house in his old age, was immensely impressed with the grand staircase leading from the hall to the staterooms and proclaimed the house so faultless that he forgot the 'infirmity of his legs' whilst he walked around. No expense was spared, and Hatton even paid to move an entire small village because it spoiled his view from one of the windows. The cost of the house drained his purse to such an extent that Hatton was permanently short of money for the rest of his life. To maintain his dwindling wealth, Hatton began investing in some of the voyages of Francis Drake. He helped fund Drake's acts of piracy in Spanish America. During Drake's subsequent circumnavigation of the globe, when he reached the straits of Magellan, he renamed his ship 'The Golden Hind' in Honour of Hatton's coat of Arms - which contained a golden hind - and all the Spanish gold on board. Hatton made a profit of £2300 from this particular expedition.
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Famous quotes containing the word wealth:
“I should say tact was worth much more than wealth as a road to leadership.... I mean that subtle apprehension which teaches a person how to do and say the right thing at the right time. It coexists with very ordinary qualities, and yet many great geniuses are without it. Of all human qualities I consider it the most convenient—not always the highest; yet I would rather have it than many more shining qualities.”
—M. E. W. Sherwood (1826–1903)
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“General education is the best preventive of the evils now most dreaded. In the civilized countries of the world, the question is how to distribute most generally and equally the property of the world. As a rule, where education is most general the distribution of property is most general.... As knowledge spreads, wealth spreads. To diffuse knowledge is to diffuse wealth. To give all an equal chance to acquire knowledge is the best and surest way to give all an equal chance to acquire property.”
—Rutherford Birchard Hayes (1822–1893)