The Cash Nexus: Money and Power in the Modern World, 1700-2000

I’m not sure how much you should trust a book that erroneously attributes a quote from Robert Louis Stevenson as published in 1978, but after digging into the sources quoted, I’ll go for it. Unlike Nancy Henry’s assertion that the consols began in 1749, the source quoted here (Larry Neal’s Rise of Financial Capitalism) notes 1726 as the 1st year that the 3% return was offered, with the Consolidating Act of 1751 bringing what was known as the consol into play.

From Rise of Financial Capitalism: