"Sir William, soon after he commenced business risked his little all in a speculation in flax, and having freighted a large vessel with that article received the unpleasant intelligence that the flax fleet had been dispersed in a storm, and most of the vessels either lost or captured by the enemy. He took his accustomed walk next morning, ruminating on his loss, and was aroused by the noise of a ship in the river. He jumped upon an adjoining hedge, hailed the vessel and found it to be his own, which had without difficulty weathered the storm. He instantly returned and hiring a horse rode in a very short time to London and hastened to the exchange, found the merchants in great alarm about the loss of the flax fleet and speaking of the consequent high price of flax. On informing them that he dealt in that article and had a large quantity to dispose of, speculators soon flocked around him and he sold his whole cargo at a most extravagant price, and the produce of that adventure laid the foundation for one of the largest fortunes acquired in Newcastle. Sir William (and also his children) is said to have regarded with a kind of veneration the hedge from which he first perceived the vessel and made it the extent of his future morning walks. "