Budgell, Eustace(bŭj`əl), 1686–1737, English essayist. He was a cousin of AddisonAddison, Joseph,
1672–1719, English essayist, poet, and statesman. He was educated at Charterhouse, where he was a classmate of Richard Steele, and at Oxford, where he became a distinguished classical scholar.
..... Click the link for more information. , through whose aid he obtained several public offices. Budgell contributed to the Tatler, the Spectator, the Guardian, and wrote pamphlets against the ministry in the Craftsman. He lost a fortune in the collapse of the South Sea BubbleSouth Sea Bubble,
popular name in England for the speculation in the South Sea Company, which failed disastrously in 1720. The company was formed in 1711 by Robert Harley, who needed allies to carry through the peace negotiations to end the War of the Spanish Succession.
..... Click the link for more information. and later was on the losing end of a controversy involving money left him by Matthew Tindal. He committed suicide.