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- THE GODFATHERBoston Tea Party Historical Society ---- John Hancock - Smuggling PowerhouseJohn Hancock did not directly participate in the Boston tea party. But he stood to lose the most from the East India Company imports of English tea to Boston. On the other hand Samuel Adams who led the Mohawks aboard the British ships was so close to John Hancock that Bostonians even joked that "Sam Adams writes the letters [to newspapers] and John Hancock pays the postage". You do the math.
John Hancock was a wealthy shipping magnate, who made the bulk of his money illegally by smuggling. Many colonials were smugglers, Hancock just happened to have a flair for it. Because the ever-tightening British policies that came about after the French and Indian War were aimed at his sort, he wholeheartedly took part in the call for Revolution.
It was a well known fact that John Hancock had made his fortune through smuggling Dutch tea, which was cheaper than East Indian tea. A commonly forgotten fact is that East Indian prices were cut before the introduction of the three pence tax, in effect making its price, even with the tax, cheaper than Hancock’s tea. Presented with this information, many loyalists did not wonder at Hancock’s involvement in the boycotting of East Indian tea and indeed, the entire war.
After he inherited a fortune in his mid-20s, this elegant dandy nearly single-handedly bankrolled the early protests in Boston. He also pretty much bankrolled the Continental Congress [Remember his signature on the Declaration of Independence?] ---- at least during the early stages of the Terrorist Insurrection. -
Last edited by numan; 01/12/09 08:46 PM.
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December 16, 1773
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