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TWO:

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TWO:On the death of Stanhope, Sir Robert Walpole was left without a rival, and he received his commission of First Lord of the Treasury on the 2nd of April, and from this period down to 1742 he continued to direct the government of Great Britain. His chief anxiety now was to restore the public credit. He drew up, as Chairman of the Committee of the Commons, a report of all that had been lost in the late excitements, and of the measures that had been adopted to remedy the costs incurred. Amongst these were the resolutions of the House respecting the seven and a half millions the directors of the South Sea Company had agreed to pay to Government; more than five had been remitted, and we may add that on the clamorous complaints of the Company the remainder was afterwards remitted too. The forfeited estates had been made to clear off a large amount of encumbrance, the credit of the Company's bonds had been maintained, and thirty-three per cent. of the capital paid to the proprietors. Such were the[49] measures adopted by the Commons, and these being stated in the report to the king, a Bill was brought in embodying them all. Many of the proprietors, however, were not satisfied. They were very willing to forget their own folly and greediness, and charge the blame on the Government. On the second reading of Walpole's Bill they thronged the lobby of the House of Commons. The next day the Bill was carried, and gradually produced quiet; but Walpole himself did not escape without severe animadversions. He was accused of having framed his measures in collusion with the Bank, and with a clear eye to his own interest; but he had been strenuously vindicated from the charge, and on the whole the vigour and boldness with which he encountered the storm and quelled it deserve the highest praise, and may well cover a certain amount of self-interest, from which few Ministers are free.She took it, and they both stood for a time without[Pg 222] speaking. Then she turned her head and looked up at the sunshine. "I think I must go," she whispered. But she did not move.

Donec id elit non mi porta gravida at eget metus. Fusce dapibus, tellus ac cursus commodo, tortor mauris condimentum nibh, ut fermentum massa justo sit amet.

TWO:The production of copper during this period was so plentiful, that, though the great mines in Anglesea were not yet discovered, full liberty was given to export it, except to France. From 1736 to 1745 the mines of Cornwall alone produced about 700 tons annually, and the yearly amount was constantly increasing. A manufactory of brass��the secret of which mixture was introduced from Germany, in 1649��was established in Birmingham, in 1748; and, at the end of this period, the number of persons employed in making articles of copper and brass was, probably, not less than 50,000. The manufacture of tinned iron commenced in Wales about 1730, and in 1740 further improvements were made in this process. Similar improvements were making in the refinement of metals, and in the manufacture of silver plate, called Sheffield plate. English watches acquired great reputation, but afterwards fell into considerable disrepute from the employment of inferior foreign works. Printing types, which we had before imported from Holland, were first made in England in the reign of Queen Anne, by Caslon, an engraver of gun-locks and barrels. In 1725 William Ged, a Scotsman, discovered the art of stereotyping, but did not introduce it without strong opposition from the working printers. Great strides were made in the paper manufacture. In 1690 we first made white paper, and in 1713 it is calculated that 300,000 reams of all kinds of paper were made in England. An excise duty was first laid on paper in 1711. Our best china and earthenware were still imported, and, both in style and quality, our own pottery was very inferior, for Wedgwood had not yet introduced his wonderful improvements. Defoe introduced pantiles at his manufactory at Tilbury, before which time we imported them from Holland. The war with France compelled us to encourage the manufacture of glass; in 1697 the excise duty, imposed three years before, was repealed, but in 1746 duties were imposed on the articles used in its manufacture, and additional duties on its exportation. The manufacture of crown glass was not introduced till after this period.

Donec id elit non mi porta gravida at eget metus. Fusce dapibus, tellus ac cursus commodo, tortor mauris condimentum nibh, ut fermentum massa justo sit amet.