ONE:As long as youre not, and Im notwhat neither of us cared to say, he turned toward the airplane, lets get together! Im here because my passenger, a buddy of mine, wrenched his shoulder climbing back into the phib and we set down here so I could leave him at the fishing shack, yonder, and go back to see what was what. He was in too bad shape to take chances if I felt called on to do any stuntsI thought I could take the air in time to catch that seaplane coming out of the fog, but it fooled me. I already know why youre here, he added, suppose we hop off in Jeffs crate and give a look-see if your friend and my war buddy need any help.417
TWO:THE END OF THE '45. (After the Painting by John Pettie, R.A., by permission of the late Captain Hill.)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.
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