Editors. "James I begins to sell peerages". The Literary Encyclopedia. First published 01 February 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=15772, accessed 20 June 2013.]
In a desperate big to improve his financial position, James I of England begins to sell peerages. The first men to be ennobled are Lords Teynham and Houghton.