FYI January 17, 2019

On This Day

1648 – England’s Long Parliament passes the “Vote of No Addresses”, breaking off negotiations with King Charles I and thereby setting the scene for the second phase of the English Civil War.
The Vote of No Addresses was a measure passed on January 17, 1648 by the English Long Parliament when it broke off negotiations with King Charles I. The vote was in response to the news that Charles I was entering into an engagement with the Scots. Cromwell in particular urged that no new negotiations be opened with Charles and the vote was carried by 141 to 91.[1] This led to the support of the general council on 8 January and a hitherto reluctant House of Lords convening a committee to approve it on 13 January.

By September 1648 the Second Civil War had been fought and the Royalists, the English Presbyterians, and their Scottish allies had been defeated by the New Model Army at Preston. The Army, now in the ascendancy, wished to resume negotiations with the king so Parliament repealed the measure in September 1648.[2][3]

The Lords and Commons assembled in Parliament, after many addresses to His Majesty for the preventing and ending of this unnatural war raised by him against his Parliament and kingdom, having lately sent Four Bills to His Majesty which did contain only matter of safety and security to the Parliament and kingdom, referring the composure of all other differences to a personal treaty with His Majesty; and having received an absolute negative, do hold themselves obliged to use their utmost endeavours speedily to settle the present government in such a way as may bring the greatest security to this kingdom in the enjoyment of the laws and liberties thereof; and in order thereunto, and that the House may receive no delays nor interruptions in so great and necessary a work, they have taken these resolutions, and passed these votes, viz.:

That the Lords and Commons do declare that they will make no further addresses or applications to the King.
That no application or addresses be made to the King by any person whatsoever, without the leave of both Houses.
That the person or persons that shall make breach of this order shall incur the penalties of high treason.
That the two Houses declare they will receive no more any message from the King; and do enjoin that no person whatsoever do presume to receive or bring any message from the King to both or either of the Houses of Parliament, or to any other person.

Born On This Day

1814 – Ellen Wood aka “Mrs Henry Wood”, English author (d. 1887)
Ellen Wood (née Price; 17 January 1814 – 10 February 1887), was an English novelist, better known as Mrs. Henry Wood. She is best remembered for her 1861 novel East Lynne, but many of her books became international bestsellers and widespread in the United States. In her time, she surpassed the fame of Charles Dickens in Australia.[1]

Ellen Price was born in Worcester in 1814. In 1836 she married Henry Wood, who worked in the banking and shipping trade in Dauphiné in the South of France, where they lived for 20 years.[2] On the failure of Wood’s business, the family (including four children) returned to England and settled in Upper Norwood near London, where Ellen Wood turned to writing. This supported the family (Henry Wood died in 1866). She wrote over 30 novels, many of which (especially East Lynne) enjoyed remarkable popularity. Among the best known are Danesbury House, Oswald Cray, Mrs. Halliburton’s Troubles, The Channings, Lord Oakburn’s Daughters and The Shadow of Ashlydyat. Her writing tone would be described as “conservative and Christian,”[3] occasionally expressing religious rhetoric.[4]

In 1867, Wood purchased the English magazine Argosy, which had been founded by Alexander Strahan in 1865.[5] She wrote much of the magazine herself, but other contributors included Hesba Stretton, Julia Kavanagh, Christina Rossetti, Sarah Doudney and Rosa Nouchette Carey. Wood continued as its editor until her death in 1887, when her son Charles Wood took over.[6]

Wood’s works were translated into many languages, including French and Russian.[7] Leo Tolstoy, in a 9 March 1872 letter to his older brother Sergei, noted that he was “reading Mrs. Wood’s wonderful novel In the Maze”.[8][9]

Wood wrote several works of supernatural fiction, including “The Ghost” (1862) and the oft–anthologized “Reality or Delusion?” (1868).[10][11]

At her death (caused by bronchitis),[12] her estate was valued at over £36,000, which was then a very considerable sum. She was buried in Highgate Cemetery, London. A monument to her was unveiled in Worcester Cathedral in 1916.



By William Baldwin: Jack Bogle Is Gone, But He’s Still Saving Investors $100 Billion A Year
He was a thorn in the side of anyone who managed money—or, like me, made a living tracking money managers. He was dogmatic and rigid. He was a sanctimonious scold. But he was right.

John C. Bogle, the titan of low-cost investing, died today at the age of 89. He leaves behind the $4.9 trillion Vanguard empire, a collection of devoted acolytes who go by the name Bogleheads and millions of investors whose retirements will be fatter because Bogle spread his gospel.
John Clifton “Jack” Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group.

His 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor became a bestseller and is considered a classic within the investment community.[2][3]

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