TWO:Sooner than that, Sandy guessed, the unknown person could not have quit the hydroplane: otherwise the turning from shore would have continued and the hydroplane, instead of proceeding in a straight course away from land, would have swept in a wide circle, round and round.He drew back on the stick for, with the throttle rather widebecause Larry had feared a stall as the nose went up and had thrust the throttle control sharply forwardthe craft began to go down in a very steep glide, not quite a dive, but with engine on full gun, sending it in a sharp angle toward earth.
THREE:But the Czarina, though mistress of Oczakoff, was far from the end of her designs. She contemplated nothing but the subjugation of the Turkish empire. For this purpose she determined to excite insurrection in all the tributary states of that empire. Her agents had excited the Montenegrins to an outbreak; they had prepared the Greeks for the same experiment, and the Mameluke Beys in Egypt. She determined to send a powerful fleet into the Mediterranean to co-operate with these insurgents, to seize on the island of Crete, to ravage the coasts of Thrace and Asia Minor, and to force the passage of the Dardanelles, or, if that were not practicable, to blockade them. Thus opening the communication between her forces in the Mediterranean and in the Black Sea, she considered that Turkey would lie helpless at her feet. To give the necessary ascendency to her fleet, she had long been encouraging English naval officers to take commands in it. At the famous battle of Chesm, it was the British Admirals Elphinstone, Greig, and others who had made Potemkin victorious. Greig was now at the head of the fleet that was being prepared at Cronstadt for this Mediterranean enterprise. She had also managed to engage eighteen British ships to serve as transports of troops, artillery, and stores.The year 1797 was opened by the suspension of cash payments. The Bank of England had repeatedly represented to Pitt, as Chancellor of the Exchequer, that his enormous demands upon it for specie, as well as paper money, had nearly exhausted its coffers and could not long be continued. The payment of our armies abroad, and the advances to foreign kings, were necessarily made[455] in cash. The Government, in spite of enormous taxation, had already overdrawn its account eleven million six hundred and sixty-eight thousand eight hundred pounds, and the sole balance in the hands of the Bank was reduced to three million eight hundred and twenty-six thousand eight hundred and ninety pounds. Pitt was demanding a fresh loan for Ireland, when a message came from the Bank to say that, in existing circumstances, it could not be complied with. Thus suddenly pulled up, the Privy Council was summoned, and it was concluded to issue an order for stopping all further issue of cash, except to the Government, and except one hundred thousand pounds for the accommodation of private bankers and traders. Paper money was made a legal tender to all other parties, and the Bank was empowered to issue small notes for the accommodation of the public instead of guineas. A Bill was passed for the purpose, and that it might not be considered more than a temporary measure, it was made operative only till June; but it was renewed from time to time by fresh Acts of Parliament. The system was not abolished again till 1819, when Sir Robert Peel brought in his Bill for the resumption of cash payments, and during the whole of that time the depreciation of paper money was comparatively slight.
TWO:"Felipa!" he cried, "Felipa!"Chapter 18
