AM
Demos Pricing

The Conman Cazique of Poyais

One of the greatest and most brazen of swindles known to man is in fact not very well known by many. Born in 1786, Gregor MacGregor was the author of this dastardly duping, and lived a colourful life in which he exhibited all the oleaginous qualities needed to enable a man to put his greed before all else.

A young boy wearing a red military coat, resting his arm on a sword, with a cloudy background.

Gregor MacGregor around the year 1804, his youthful countenance belying his true nature. Image via Wikimedia Commons and is in the public domain.

Having served a short-lived career in the army, MacGregor seized upon the optimism of opportunity felt towards settlements in South America. He came up with his Poyais scheme after being granted an area of land bigger than Wales in the Mosquito territory near Belize, by the king of the Mosquito Coast in 1820. This served as the germ of his idea: what was in fact a fairly arid land which was not suitable for either crop cultivation or livestock was lauded as a land of milk and honey back in his native Scotland. The idea was simple: he would latch upon the dreams of his fellow Scotsmen (whom he claimed to target specifically because he wanted to share his land of plenty with his own people in particular) and convince them to invest in non-existent government bonds in a land he dubbed Poyais, claiming he had been made Cazique there, a title akin to a local ruler but which he used in the same way as ‘prince’.

But the crux of this confidence trick came in MacGregor’s ability to convince these hapless investors that Poyais would also be a wonderful place for them to migrate to; with friendly natives and fertile soil, the potential for a booming timber trade, and riverbeds lined with gold, Poyais sounded like the settlement of dreams, particularly in a time when migration to new settlements was by no means unheard of. And so in 1823, 250 settlers sailed out on the first two of a total of seven potential ships.

A vintage one dollar note from the Bank of Poyais, featuring ornate designs and text.

The fake Poyaisian dollar created by MacGregor to give in exchange for his investors' genuine money. Image via Wikimedia Commons, © the National Numismatic Collection, National Museum of American History at the Smithsonian Institution.

News about the failure of the settlement reached home later that year, so MacGregor fled to France and duly tried to repeat his dangerous scheme, but to no avail. As to those who had the misfortune of sailing to MacGregor’s make-believe kingdom, deaths were high, including suicide and infant mortality, and disease was rife. Eventually the leader of the emigration party, Hector Hall, travelled to speak to the Mosquito King who confirmed that his granting of the land to MacGregor was now void and that he had never styled him as Cazique. 40 settlers remained in Poyais, too weakened by disease to journey back with those who finally left on a schooner with the Chief Magistrate of Belize, Marshal Bennett.

A pamphlet entitled The Belise Merchants Unmasked; A Review of their Late Proceedings against Poyais by one Colonel G. A. Low, in which he claims he is completely unbiased, points the finger at the neighbouring Mosquito King and the merchants who worked there, who apparently sabotaged the settlers and refused to aid them in any way, due to jealousy over their wanting to settle the bountiful lands of Poyais and not his own.

Text discussing the motives of the Lords of Belise regarding Poyais and the settlement's commercial value.

Image © Cambridge University Library. Further reproduction prohibited without permission. Click the image to see this document in the collection.

Low claims that the preparations and provisions themselves had been perfect, and the land was just as MacGregor had described. Low was, of course, an associate of MacGregor’s, and played upon the foggy nature of communications at the time to gloss over facts and protect the reputation of their supposedly good names in British society.

Text discussing the experiences of the Poyais Settlers and Mr. Bennett's role in their settlement.

Image © Cambridge University Library. Further reproduction prohibited without permission. Click the image to see this document in the collection.

Frontier Life contains a wide array of material on the experience of settlers and the varying success of settlements, but none leave you feeling quite so sorry for a group of hopefuls as those embroiled in MacGregor’s Poyais fiasco. For an interesting insight into the complexities of settlement, the life of Sir George Arthur, who served as the lead British official in British Honduras, Van Diemen’s Land, and Upper Canada, is a good place to start, and is covered in detail in the resource.

 

For more information about Frontier Life: Borderlands, Settlement and Colonial Encounters, including pricing, please request a demo.


Recent posts

A black and white comic strip about climate change and life expectancy with humorous dialogue.
Observing life in a decade of change

Discover how the Mass Observation Project evolved through the 2010s. Explore societal trends, from climate change to digital shifts, revealed through module IV. Read how researchers and the public document everyday life in a changing world.

A typed leter discussing arrangements for an assistant-master for a school.
The future of British Weihaiwei: A look at Foreign Office, Consulate and Legation Files, China, section II: The End of Empire, 1896-1911

This blog spotlights Foreign Office, Consulate and Legation Files, China: Section II's material which documents China's relations with Britain, and key events such as the beginning of the Xinhai Revolution that ended centuries of imperial rule. It features correspondence between London and British diplomats stationed in Weihaiwei, the first foreign concession in China.