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 all stockbrokers who are not members of the recognized local exchange. The origin of the word is American. According to the New English Dictionary it is supposed to have arisen in Chicago. The Board of Trade there forbade dealings in “options” in grain of less than 5000 bushels. An “Open Board of Trade” or unauthorized exchange was opened, for the purpose of small gamblers, in a neighbouring street below the rooms of the Board of Trade. The lift used by members of the Board of Trade would be sent down to bring up from the open Board what was known as a “bucketful” of the smaller speculators, when business was slack.

BUCKHOLDT [properly, or ], JOHANN (c. 1508–1535), Dutch Anabaptist fanatic, better known as , from his place of birth, was the illegitimate son of Bockel, burgomaster of Soevenhagen, who afterwards married his mother. He was born about 1508, apprenticed to a tailor, became infected with the opinions of Thomas Münzer, travelled in pursuit of his trade (being four years in London), married a widow, became bankrupt, and in September 1533 joined the Anabaptist movement under Johann Matthysz (Matthyszoon), baker of Haarlem. He had little education, but some literary faculty, and had written plays. On the 13th of January 1534 he appeared in Münster as an apostle of Matthysz. Good-looking and fluent, he fascinated women, and won the confidence of Bernard Knipperdollinck, a revolutionary cloth merchant, who gave him his daughter in marriage. The Münster Anabaptists took up arms on the 9th of February 1534 (see ). On the death of Matthysz (1534), Buckholdt succeeded him as prophet, added his widow to the number of his wives, and organized a new constitution for Münster, with twelve elders (suggested by the tribes of Israel) and other officers of a theocracy, but soon superseded these, making himself king of the new Zion. His arbitrary rule was marked by pomp and severity. Münster was retaken (June 25, 1535) by its prince-bishop, Franz von Waldeck. Buckholdt, after many indignities, was cruelly executed on the 22nd of January 1536; his body, and those of his companions, were hung in cages to the tower of the Lamberti church. His portrait is in Grouwelen der Hooftketteren (Leiden, 1607; an English edition is appended to Alexander Ross’s Pansebeia, 2nd ed., 1655); a better example of the same is given by Arend.

BUCKIE, a fishing town and police burgh of Banffshire, Scotland, on the Moray Firth, at the mouth of Buckie burn, about 17 m. W. of Banff, with a station on the Great North of Scotland railway. Pop. (1891) 5849; (1901) 6549. Its public buildings include a hall and literary institute with library and recreation rooms. It attracts one of the largest Scottish fleets in the herring season, and is also the chief seat of line fishing in Scotland. The harbour, with an outer and an inner basin, covers an area of 9 acres and has half a mile of quayage. Besides the fisheries, there are engineering works, distilleries, and works for the making of ropes, sails and oil. The burn, which divides the town into Nether Buckie and Eastern Buckie, rises near the Hill of Clashmadin, about 5 m. to the south-west. Portgordon, 1 m. west of Buckie, is a thriving fishing village, and Rathven, some 2 m. east, lies in a fertile district, where there are several interesting Danish cairns and other relics of the remote past.

BUCKINGHAM, EARLS, MARQUESSES AND DUKES OF. The origin of the earldom of Buckingham (to be distinguished from that of, q.v.) is obscure. According to Mr J. H. Round (in G. E. C.’s Peerage, s.v.) there is some charter evidence for its existence under William Rufus; but the main evidence for reckoning Walter Giffard, lord of Longueville in Normandy, who held forty-eight lordships in the county, as the first earl, is that of Odericus Vitalis, who twice describes Walter as “Comes Bucchingehamensis,” once in 1097, and again at his death in 1102. After the death of Walter Giffard, 2nd earl in 1164, the title was assumed by Richard de Clare, earl of Pembroke (“Strongbow”), in right of his wife, Rohais, sister of Walter Giffard I.; and it died with him in 1176. In 1377 Thomas of “Woodstock” (duke of Gloucester) was created earl of Buckingham at the coronation of Richard II. (15th of July), and the title of Gloucester having after his death been given to Thomas le Despenser, his son Humphrey bore that of earl of Buckingham only. On Humphrey’s death, his sister Anne became countess of Buckingham in her own right. She married Edmund Stafford, earl of Stafford, and on her death (1438) the title of Buckingham passed to her son Humphrey Stafford, earl of Stafford, who in 1444 was created duke of Buckingham. This title remained in the Stafford family until the attainder and execution of Edward, 3rd duke, in 1521 (see, 2nd duke of).

In 1617 King James I. created George Villiers earl, in 1618 marquess, and in 1623 duke of Buckingham (see, 1st duke of). The marquessate and dukedom became extinct with the death of the (q.v.) in 1687; but the earldom was claimed, under the special remainder in the patent of 1617, by a collateral line of doubtful legitimacy claiming descent from John Villiers, 1st Viscount Purbeck. The title was not actually borne after the death of John Villiers, styling himself earl of Buckingham, in 1723. The claim was extinguished by the death of George Villiers, a clergyman, in 1774.

In 1703 John Sheffield, marquess of Normanby, was created “duke of the county of Buckingham and of Normanby” (see below). He was succeeded by his son Edmund who died in October 1735 when the titles became extinct.

The title of marquess and duke of Buckingham in the Grenville family (to the holders of which the remainder of this article applies) was derived, not from the county, but from the town of Buckingham. It originated in 1784, when the 2nd Earl Temple was created marquess of Buckingham “in the county of Buckingham,” this title being elevated into the dukedom of Buckingham and Chandos for his son in 1822.

, 1st marquess of Buckingham (1753–1813), was the second son of George Grenville, and was born on the 17th of June 1753. Educated at Eton and Christ Church, Oxford, he was appointed a teller of the exchequer in 1764, and ten years later was returned to parliament as one of the members for Buckinghamshire. In the House of Commons he was a sharp critic of the American policy of Lord North. In September 1779 he succeeded his uncle as 2nd Earl Temple; in 1782 was appointed lord-lieutenant of Buckinghamshire; and in July of the same year became a member of the privy council and lord-lieutenant of Ireland in the ministry of the earl of Shelburne. On his advice the Renunciation Act of 1783 was passed, which supplemented the legislative independence granted to Ireland in 1782. By royal warrant he created the order of St Patrick in February 1783, with himself as the first grand master. Temple left Ireland in 1783, and again turned his attention to English politics. He enjoyed the confidence of George III., and having opposed Fox’s East India Bill, he was authorized by the king to say that “whoever voted for the India Bill was not only not his friend, but would be considered by him as an enemy,” a message which ensured the defeat of the bill. He was appointed a secretary of state when the younger Pitt formed his ministry in December 1783, but resigned two days later. In December 1784 he was created marquess of Buckingham “in the county of Buckingham.” In November 1787 he was appointed lord-lieutenant of Ireland under Pitt, but his second tenure of this office was hardly as successful as the first. He was denounced by Grattan for extravagance; was censured by the Irish Houses of parliament for refusing to transmit to England in address calling upon the prince of Wales to assume the regency; and he could only maintain his position by resorting to bribery on a large scale. Having become very unpopular he resigned his office in September 1789, and subsequently took very little part in politics, although he spoke in favour of the union with Ireland. He died at his residence, Stowe House,