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Nathaniel Pearce was born in Tewkesbury about
1683 and became a banker/goldsmith in Lombard Street, London, in 1718.
He was granted a coat-of-arms, in recognition of his raising a Regiment of Foot,
to defend London against the 'Old Pretender'. It was in April 1722 that the 'Jacobite' plot caused panic. At the trial of one of the plotters the plans
were revealed, to distribute arms to sympathizers, to seize the Tower of London,
the Bank of England and the Royal Exchange. As a result, there was a 'run' on
the Bank of England and the Guards were called up to camp in Hyde Park, as a
precaution.
In 1723 his business failed, only shortly after the disaster of
the 'South Sea Bubble', which undermined the confidence of the
business and financial world, in September 1720. In 1725 he moved
into Brampton Hall, being the first of three Nathaniels to do so.
This was a very important period in the parishes, as enclosure of
Common land to private ownership had only been undertaken just over
50 years earlier and changes of a dramatic nature must have been
continuing. The parishes had been divided into Church and Chapel
Brampton in 1670; Nathaniel Pearce owned the three farms in Chapel
Brampton, the Earl Spencer owned 770 acres in Church Brampton and
the Rector, in right of his Church, had the remainder of 332 acres.
The earlier Manor House was called Brampton Hall (see painting)
and gave the name of Hall Close to the parkland on which it and the
later Brampton House were built. During the eighteenth century
members of the Pearce family occupied the Hall for about one hundred
years.
From "A Tale of Two Villages" p.63
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