But though this difficulty was tided over, there remained a still greater one with Sweden. Charles XII., overthrown by the Czar Peter at the battle of Pultowa, had fled into Turkey, and obstinately remained at Bender, though the Czar and his allies were all the time overrunning and taking possession of the Swedish territories on the eastern side of the Baltic. Russians, Norwegians, Danes, Saxons, and Prussians were all busy gorging the spoil. The King of Denmark, amongst the invasions of Swedish territory, had seized on the rich bishoprics of Bremen and Verden, which had been ceded to Sweden at the Peace of Westphalia. These bishoprics, which lay contiguous to Hanover, had always been an object of desire to that State. And now Charles of Sweden, suddenly ruined by the proceedings of his neighbours, who thus rent his kingdom limb from limb, galloped away from Bender, and in November, 1714, startled all his enemies by appearing at Stralsund. The Danish king, seeing a tempest about to burst over his head, immediately tempted the English king to enter into alliance with him, by offering him the stolen bishoprics of Bremen and Verden on condition that he should pay a hundred and fifty thousand pounds and join the alliance against Sweden. Without waiting for any consent of Parliament, Sir John Norris was sent with a fleet to the Baltic, under the pretence of protecting our trade there, but with the real object of compelling Sweden to cede the bishoprics, and to accept a compensation in money for them. H. D. Massey, 4,000 in cash.
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"Yes, I heard it," she said indifferently. "Was Mr. Cairness really much hurt?"Early in this year Admiral Sir John Jervis fell in with the great Spanish fleet, which was intended to co-operate with the French in the invasion of Ireland, and defeated it. Nelson had predicted that the Spanish fleet would not take much destroying. Admiral de Langara had had a fortunate escape in the Mediterranean, in venturing to Corsica. He had now been superseded by Don Juan de Cordova, and Jervis, on the 14th of February, met with him off Cape St. Vincent. Cordova had twenty-seven sail of the line, Jervis only fifteen; but he had Nelson in his fleet, which more than counterbalanced the inequality of numbers; and the discipline on board the Spanish ships was far below that of the British. Nelson broke through the Spanish line, and chiefly by his exertions and man?uvres four of the largest vessels were taken, including one of one hundred and twelve guns. The rest escaped into Cadiz, and there the British blockaded them. The news of this brilliant victory arrived in London when the public was greatly dispirited by the exhausted state of the Bank of England, and helped to revive confidence. Sir John Jervis was made Earl of St. Vincent, and Nelson, the real hero, a Knight of the Bath. Peaceful Accession of George I.His ArrivalTriumph of the WhigsDissolution and General ElectionThe AddressDetermination to Impeach the late MinistersFlight of Bolingbroke and OrmondeImpeachment of OxfordThe Riot ActThe Rebellion of 1715Policy of the Regent OrleansSurrender of the Pretender's ShipsThe Adventures of Ormonde and MarThe Highlands declare for the PretenderMar and ArgyllAdvance of Mackintosh's DetachmentIts Surrender at PrestonBattle of SheriffmuirArrival of the PretenderMutual DisappointmentAdvance of ArgyllFlight of the Pretender to FrancePunishment of the RebelsImpeachment of the Rebel LordsThe Septennial ActThe King goes to HanoverImpossibility of Reconstructing the Grand AllianceNegotiations with FranceDanger of Hanover from Charles XII.And from RussiaAlarm from TownshendTermination of the DisputeFresh Differences between Stanhope and TownshendDismissal of the LatterThe Triple AllianceProject for the Invasion of ScotlandDetection of the PlotDismissal of Townshend and WalpoleThey go into OppositionWalpole's Financial SchemeAttack on CadoganTrial of OxfordCardinal AlberoniOutbreak of Hostilities between Austria and SpainOccupation of SardiniaAlberoni's DiplomacyThe Quadruple AllianceByng in the MediterraneanAlberoni deserted by SavoyDeath of Charles XII.Declaration of War with SpainRepeal of the Schism ActRejection of the Peerage BillAttempted Invasion of BritainDismissal of AlberoniSpain makes PeacePacification of Northern EuropeFinal Rejection of the Peerage BillThe South Sea CompanyThe South Sea BillOpposition of WalpoleRise of South Sea StockRival CompaniesDeath of StanhopePunishment of Ministry and DirectorsSupremacy of WalpoleAtterbury's PlotHis Banishment and the Return of BolingbrokeRejection of Bolingbroke's ServicesA Palace IntrigueFall of CarteretWood's HalfpenceDisturbances in ScotlandPunishment of the Lord Chancellor MacclesfieldThe Patriot PartyComplications AbroadTreaty of ViennaTreaty of HanoverActivity of the JacobitesFalls of Ripperda and of BourbonEnglish PreparationsFolly of the EmperorAttack on GibraltarPreliminaries of PeaceIntrigues against WalpoleDeath of George I."Well," drawled Cairness again,he had learned the value of the word in playing the Yankee game of bluff,"with those about the beef contract and those about the Kirby massacre, also a few I gathered around San Carlos (you may not be aware that I have been about that reservation off and on for ten years), with those facts I could put you in the penitentiary, perhaps, even with an Arizona jury; but at any rate I could get you tarred and feathered or lynched in about a day. Or failing all those, I could shoot you myself.[Pg 260] And a jury would acquit me, you know, if any one were ever to take the trouble to bring it before one, which is doubtful, I think."The South Sea Company, with a folly of which extreme greed only is capable, endeavoured to put down these rival schemes and obtained an order from the Lords Justices and writs of scire facias against several of these new bubbles. It was like raising a wind to blow away the bubbles, forgetting that their own was a bubble too, and would go with them. The moment that the people began to distrust one they distrusted all. The panic became as great as the mania had been. The South Sea stock dropped in less than a month from one thousand to below six hundred. There was a simultaneous rush to sell out, and the shares must have sunk instantly to nil but for the gigantic exertions of the Company to raise money and buy in. The relief, however, was but temporary. The bankers and pawnbrokers who had advanced money on scrip broke and fled; merchants, goldsmiths, and speculators rushed away after them. Walpole was summoned in haste from Haughton to devise some means of staying the panic. He endeavoured to get the Bank of England to circulate three millions of South Sea bonds for a year; but the Bank, seeing that the case was desperate, declined it. This was decisive. The rage and despair of the swarming dupes were indescribable. They heaped[48] execrations not only on the South Sea Company, but on Ministers, the king, his mistresses, and the Royal Family, who had all been deep in the affair, and who had taken good care of themselves. George landed at Margate on the 9th of November, soon after which the South Sea stock fell to one hundred and thirty-five. On the 8th of December Parliament met, and promptly began to investigate the scandal.He never set down nowhere. He leaned against the hangar!
