William Courten

Marriage and trading activities

At an early age Courten was sent to Haarlem, as factor to his father's firm, and the younger brother, Peter, went to Cologne.

At Haarlem, William married the deaf and mute daughter of Peter Cromling, a Dutch merchant there, which brought him a dowry of £60,000. About 1600 William returned to London, and Peter remained as his agent in Holland, but paid his brother frequent visits. In 1606 the two brothers entered into partnership with their brother-in-law John Moncy to continue and extend the elder Courten's silk and linen business. William contributed half the capital. In 1619 proceedings were taken in the Star Chamber against Courten, Philip Burlamacchi, and other foreign merchants settled in England, for exporting gold, and a fine of £20,000 was levied on Courten. The firm, Courten & Moncy, prospered, and it was estimated in 1631 that the capital amounted to £150,000. The prominence of the brothers in the city secured each of them the honour of knighthood. William was knighted 31 May 1622, and Peter 22 February 1622–3.

William's operations were not confined to his London business: he built ships and traded to Guinea, Portugal, Spain, and the West Indies. His fleet at one time numbered twenty vessels, with nearly five thousand sailors on board. About 1624 one of his ships discovered an uninhabited island, to which Courten gave the name of Barbadoes. It seems that his agents in Zeeland had suggested to him the expedition. With a view to profiting to the fullest extent by his discovery, he petitioned in 1625 for the grant of all unknown land in the south part of the world, which he called 'Terra Australis Incognita'. In the same year he sent out a few colonists to the islands, and on 25 February 1627-8 received letters-patent formally legalising the colonisation. The grant was addressed to 'the Earl of Pembroke in trust for Sir William Courten'. Courten, in accordance with the deed, began colonisation on a large scale. He sent two ships with 1850 persons on board to Barbadoes, under Captain Powel, who, on his arrival, was nominated governor by Courten and the Earl of Pembroke; but the speculation proved disastrous. Three years later James Hay, 1st Earl of Carlisle, disputed this grant, claiming, under deeds dated 2 July 1627 and 7 April 1628, to be owner of all the Caribbee islands lying between ten and twenty degrees of latitude, (Barbados itself situated at thirteen degrees). In 1629 Carlisle sent two ships, with Henry Hawley as his representative, to take possession of the island. On their arrival they imprisoned Captain Powel, and established Lord Carlisle's authority. The islands remained in Carlisle's hands till 1646, when the lease of them was transferred to Lord Willoughby of Parham. Courten claimed to have lost £44,000 by these transactions, and left his descendants to claim compensation. In many of his speculations Sir Paul Pindar was associated with Courten, and they lent money freely to James I and Charles I. Their joint loans ultimately amounted to £200,000. Failure to obtain any consideration for these heavy loans was the subject of much subsequent litigation.

Losses of ships and merchandise sustained at the hands of the Dutch in the East Indies, after the Amboyna massacre, combined with the injustice he suffered in Barbadoes injured Courten's credit at the opening of Charles I's reign. In 1631 the death of his brother Peter, his agent at Middelburg, increased his difficulties. Sir Peter died unmarried, and left his nephew Peter Boudean, who was then settled in Holland, a legacy of £10,000. Boudean had quarrelled with his uncle William, and used every unscrupulous means to injure him. To satisfy his claim on the estate of Sir Peter, Boudean now seized the whole property of the firm of Courten & Moncy in Holland. The death of Moncy in 1632 further complicated matters. Courten was one of Moncy's executors, and Peter Boudean, his stepson, was the other. But the latter declined to administer the estate. Courten at once took action at law to recover his share of the estates of his brother and his partner; the proceedings dragged on long after his death. In spite, however, of these troubles, Courten was still enormously wealthy. In 1628 he paid Charles I £5,000 and received lands in Whittlewood Forest, Northamptonshire. In 1633 he owned land in England, chiefly in Northamptonshire, which produced £6,500. a year, besides possessing a capital of £128,000. His love of maritime enterprise was still vigorous. In the last years of his life he again opened up trade with the East Indies when in 1635 King Charles I granted a trading licence to him under the name of the Courteen association permitting it also to trade with the east at any location in which the East India Company had no presence. He sent two ships (the Dragon and Katherine) to trade with China. The ships never arrived at their destination, and the consequent loss was Courten's deathblow. He died at the end of May or beginning of June 1636, and was buried in the church of St. Andrew Hubbard, Eastcheap. He left many legacies to charitable institutions in his will; but his joint claims with Sir Paul Pindar on the crown, and his claims on his nephew and on Lord Carlisle, were unsettled at the time of his death.

Legacy

Courten had a son, Peter, by his first wife, who was made a baronet by James I in 1622 (see Courten baronets); married Jane, daughter of Sir John Stanhope, and died without issue early in 1625. He is usually described as of Aldington, Worcestershire. Courten's second wife was a daughter of Moses Tryon, and by her he had a son, William, and three daughters, Hester (wife of Sir Edward Littleton); Mary (wife of Henry Grey, 10th Earl of Kent); Anna (wife (1) of Essex Devereux, heir of the 5th Viscount Hereford and (2) of Sir Richard Knightley). William, the younger, found his father's estate seriously embarrassed by the proceedings of his cousin Peter Boudean, who declined to surrender any of the Dutch property. Complicated litigation continued. Courten married Catharine Egerton, daughter of John Egerton, 1st Earl of Bridgewater; and, resolving to carry on his father's business, chartered with his father-in-law's aid, two vessels (Bona Esperanza and Henry Bonaventura) for trade in the East Indies. In this enterprise nearly all his money was invested, and the ships with their cargoes were seized by the Dutch in 1641. The Earl of Bridgewater declined to assist Courten further; the disturbed state of the government rendered any help from that quarter out of the question; and in 1643 bankruptcy followed.

Courten's landed estates were alienated to his brother-in-law, the Earl of Kent, and Courten retired to Italy. His wife endeavoured in vain to come to terms with Peter Boudean, and finally joined her husband, who died intestate at Florence in 1655. Two children, William and Katharine, survived him. The former endeavoured to recover some of his father's property, and in 1660 Charles II granted to George Carew, who had been associated in business with Sir William Courten, power to administer the estates of Sir William and his son. Proceedings were also begun in Holland against the Dutch East India Company for compensation for the ships lost in 1641; the English courts of law and parliament were constantly petitioned for redress until the end of the century, but the greater part of the enormous wealth of Sir William Courten never reached his descendants. In August 1660 the privy council heard evidence in support of the claims of Courten's grandson to the ownership of the Barbadoes, but did not deem the proof sufficient. In 1677 petitions to the council and parliament rehearsed the loans of Courten and Sir Paul Pindar to Charles I, but repayment was never ordered. George Carew issued many tracts on the subject, but public interest was not excited.

Famed physician and collector Hans Sloane acquired (by bequest, conditional on paying of certain debts) Courten's grandson's (also William 1642–1702) cabinet of curiosities in 1702 and later donated much of it to the British government.

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