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EBENEZER ELLIOTT
(1781 - 1849)
A Needy
Old Age For Ebenezer
This article looks at Ebenezer's
financial position especially later in his life - based on a record
of his assets which he made in 1842.
Elliott was careful with money all his life. We first see
evidence of this when as a youngster he worked behind the counter in his
father's ironmongers shop on Rotherham High Street, where he would have learned
the virtue of watching every penny at an early age. He was also working in his
father's iron foundry; here, amazingly, the future bard worked for many years
without wages: not until he was 25 years of age did Elliott draw a wage packet.
Thus he was accustomed to having little ready cash in his pocket. With marriage
& a rapidly growing family, money was inevitably in short supply. Worse was
to follow: he took over the struggling foundry from his father, but was
unable to save the business. In 1816, Elliott was declared bankrupt. For a
few years he was desperately poor & was even reduced to begging in the
streets of his home town.
Elliott's fortune changed soon after he moved to
Sheffield in 1819 where he set up in business again. His frugal approach was
noted by his fellow traders. When trade flourished, Elliott gained a
reputation as a canny businessman who was able to stay out of trouble even
when prices plummeted. His Rotherham bankruptcy had clearly taught him to be
cautious & to avoid taking risks.
In the late 1820s & early 1830s, Elliott
became relatively well-to-do, living in a smart villa in the village of
Upperthorpe (now a Sheffield suburb), yet his wealth was not sufficient to
keep him comfortable through his later years, as will be seen later. The
Upperthorpe house was only rented which meant that when the Corn Law Rhymer
started to think about finishing work, his retirement home would have to be
purchased out of capital, since he had no home to sell. At this point in
time, the poet's business was badly affected by the 1837 slump in trade. Poor
Ebenezer lost £3,000 and rued not having got out of the business
earlier. In studying Elliott's business
difficulties in the 1830s, it is worth pointing out that no record appears to
exist of the income gained from the publication of the "Corn Law Rhymes." The
book was very popular, went through several editions & prompted demand for
collections of his poetical works. Nor have we any idea of the number of copies
printed of the "Corn Law Rhymes." Print runs were likely to be generous
owing to Elliott's popularity in the 1830s; this would generate considerable
income for the "Laureate of Free Trade." To this should be added fees for
articles published in journals such as Tait's Edinburgh Review, and even in
the 1840s, two editions of the "Poetical Works" appeared in the United States
during Elliott's lifetime - presumably giving his income a welcome boost.
Elliott's retirement home on Hargate
Hill was purchased in 1837/1838 from a John Gillott who had gone bankrupt. The
poet paid £240 for the premises & spent a further £1,000 modernising and
extending the property. He finally moved there in Jan 1841. The purchase of
the house, which was freehold, left Elliott wondering how he would manage over
the years, as he only had around £4,750 left in the bank. It is surprising
then that he rejected the offer from the government of a pension.
Leaving the city to live in a rural area, Elliott reasoned, would
help him live within his reduced means. His new life would see him
"comparatively poor, but self-sustaining." Yet, there was ever the lurking
shadow of the Poor Law to worry over: "I have invested badly, and am
likely to become a poor man; but not, I hope, to die in a workhouse bed,"
the poet wrote to Jon Watkins in
1843. At his home near Great Houghton, the needy Elliott still
managed to employ a maid & a lad, so we should not suppose that the Poet of
the Poor was actually destitute, but he did need to keep a close eye on the
pennies - always mindful of the years of poverty when he went bankrupt. The
Great Houghton home, he calculated, would be worth an income of £17.50 per year
if it was rented out.
In his retirement, "the Bard of Trade" made no secret that he barely
had £200 per annum in income; this £200 would supplement the four to five thousand
pounds in his bank account. In August 1842, the bard broke down his income as
follows:-
Between 1845 and 1848, Elliott frequently gave instructions
to his banks to sell the railway shares listed above - presumably he needed some
money freeing up. Note that he did not sell them all, since as late as 1849, he
instructed his daughter, Noah, to pay in a "railway check" at the Sheffield Banking Company in George
Street, Sheffield.
When Elliott left Sheffield in 1841, he maintained his bank accounts there despite the inconvenience.
It is fairly obvious that the poet had a good relationship with his Sheffield
bankers and he would value this. In addition, he still spent much time
in Sheffield in the first few years of his life on Houghton Common, so the
Sheffield banks were not as inconvenient as his new address would suggest. Further
as we have just seen, when he was unable to travel, he could call
on his family to carry out banking transactions for him. His banks in Sheffield
were the Sheffield Banking Co, the Sheffield Union Bank & the Yorkshire
District Bank. (Elliott closed down an account with Parker & Shore in 1832 -
the bank collapsed in 1843). Fairly soon after Elliott moved to his Hargate Hill home, he
began to change his mind about his rural retreat calling it "my miserable hut,
or den in the wilderness." Some close friends made the effort to visit the poet
in this remote spot, but visitors became rarer & rarer. He found the
isolation difficult as he had always liked company & thrived on discussion
& argument: "and yet I believe few men are more social than I am," he once
said. The lack of stimulation was not good for his morale. He fretted for
good company, yet it was the need to live a frugal life which had driven
him in to the country. The other reason - one which was extremely important -
was his deteriorating health. When we add together Elliott's isolation "in this
wilderness" & his continuous poor health, we can easily
understand the poet suffering from depression. Money worries, too, played
a part in this downward cycle. It is ironic that the Poet of the Poor, who did
so much to fight for the poor, and who believed that "poverty is a crime in this
country," should end his days in penury. Not surprising, then, that in one of
his last letters the Rhymer observed: "we see so few humans here, that the
devil would be welcome if he came, as I hope he will some day soon."
Sheffield & Rotherham Railway. Ten old
shares & forty new. Dividends of £20 10s pa
£20.50
Sheffield & Manchester Railway. Six shares
£ 4
Yorkshire District Bank.Thirty shares
£108
Warehouse
& furnace rented out
£40
Land
rented out at Loxley
£16
Properties
& businesses rented out in Sheffield
£10
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