ONE:Lord Townshend succeeded Stanhope as Secretary of State. Aislabie, who had been deep in the iniquities of the South Sea affair, was compelled to resign his post as Chancellor of the Exchequer, to which Walpole succeeded. Meanwhile the Secret Committee appointed by the Commons continued its labours indefatigably. They sat nearly every day from nine in the morning till eleven at night, and on the 16th of February, 1721, they presented their first report to the House. This revealed a vast amount of Ministerial corruption.
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ONE:"drop that!" called the cow-boy.These acquisitions were more valuable for the defence which they afforded the British than for the direct income, which did not amount to more than half a million sterling a year; but they included all Tippoo's dominions on the coast of Malabar, thus cutting off his mischievous communications with the French by sea. It would have been easy at this time to have stripped Tippoo of the whole of Mysore, but it was not deemed politic. We were far from having great faith in the continued fidelity of the Mahrattas, and it was thought necessary not to remove the check which the existence of Tippoo's power, and his desire for revenge on the Mahrattas, presented. Besides, the finances of India were in a very embarrassed state, and the question of Indian war was unpopular in Britain. With all the territory resigned to the Indian allies, Lord Cornwallis could not avoid giving deep offence to the Mahrattas, who desired to obtain a regiment of British troops in pay. The ill-concealed jealousy between them and the Nizam made an outbreak between these States very possible; and the moody resentment of Tippoo, who writhed under his humiliation, added greatly to the uncertainty of long-continued peace. On the other hand, the soldiers were highly discontented at not having had the opportunity of plundering the opulent city of Seringapatam; and to soothe them Cornwallis and General Medows, the second in command, surrendered to them their shares of prize money, and the former ordered them, besides, six months' batta out of the money paid by Tippoo.
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