FORE:The spring of 1720 was a period of remarkable national prosperity. But "the grand money schemes projected of late," which appeared to the Jacobite Atterbury and others calculated to cement the royal peace and strengthen the foundation[46] of the Government and nation, were destined to produce a very different effect. For the South Sea Bubble was about to burst. In 1711, Harley, being at his wits' end to maintain the public credit, established a fund to provide for the National Debt, which amounted to ten millions of pounds. To defray the interest he made permanent the duties on wine, vinegar, and tobacco, etc. To induce the purchase of the Government stock, he gave to the shareholders the exclusive privilege of trading to the Spanish settlements in South America, and procured them an Act of Parliament and a royal charter, under the name of the South Sea Company. The idea, hollow and groundless as it was, seized on the imagination of the most staid and experienced traders. All the dreams of boundless gold which haunted the heads of the followers of Drake and Raleigh were revived. The mania spread through the nation, and was industriously encouraged by the partisans of Harley. But this stupendous dream of wealth was based on the promises of Ministers, who at the Peace of Utrecht were to secure from the Government of Spain this right to trade to its colonies. The right was never granted by that haughty and jealous Power, further than for the settlement of some few factories, and the sending of one small ship annually of less than five hundred tons. This, and the Assiento, or privilege of supplying those colonies with African slaves, were the sole advantages obtained, and these were soon disturbed by the war with Spain, which broke out under Alberoni. The South Sea Company, however, from its general resources, remained a flourishing corporation, and was deemed the rival of the Bank of England.
FORE: John Stewart, made Attorney-General and a baronet.
FORE:In the midst of these cabals died the Regent, and Townshend, acting with Walpole, sent over Walpole's brother Horace to watch their interests at Paris. Carteret, on the other hand, ordered Sir Luke Schaub to make every exertion for the grant of the dukedom. On the arrival of Horace Walpole, Bolingbroke, obeying the impulses of the courtier and not of the man, immediately waited on him, and placed all his influence at the French Court at his service; but Walpole, who had an invincible repugnance to Bolingbroke, whilst he availed himself of the advantages offered by Bolingbroke, still kept him at a great and stately distance. Undeterred by this conduct, however, Bolingbroke swallowed his mortification, and continued to keep his eye and his hope on the Walpole Ministry. Unassisted by Bolingbroke, the dukedom could not be obtained; but George reconciled Madame Platen to the match by giving her daughter a portion of ten thousand pounds. Horace Walpole, at the same time, succeeded in getting Schaub recalled, and himself installed in his office of Ambassador at Parisa decided victory over Carteret; indeed, so decided, that Carteret was removed from the Secretaryship to the Lord-Lieutenancy of Ireland.
FORE:Landor still rode at the head of his column, but his chin was sunk down on his red silk neckerchief, his face was swollen and distorted under its thick beard, and his eyes were glazed. They stared straight ahead into the sand whirl and the sulphurous glare. He had sent Brewster on ahead some hours before. "You[Pg 138] will want to see Miss McLane as soon as possible," he had said, "and there is no need of both of us here."Pitt hastened up to town, and was graciously received by the king, who told him that he left the choice of his colleagues entirely to himself. Pitt, as twice before, immediately proposed that his brother-in-law, Lord Temple, should be placed at the head of the Treasury. Temple was summoned from Stowe, but was as haughty and unmanageable as ever. He demanded that all the old Ministers should be dismissed, that Lord Lyttelton should have the Privy Seal, Lord Gower be Secretary of State, etc. Pitt could not accede to these terms. This time he did not throw up the offer of the Premiership to oblige his wrong-headed brother-in-law, who had the overweening idea that he was as great a man as Pitt himself. He stood firm, and, after a long interview at North End, Hampstead, where Pitt had taken a house for the time, Temple set off to Stowe again in high dudgeon, declaring that Pitt had thrown off the mask, and never meant to accept his co-operation at all. Lord Camden advised Pitt to stand fast, throw off the Grenvilles, and save the nation without them. He acted on the advice.
| # | First Name | Last Name | Username | User No. |
|---|---|---|---|---|
| 1 | Mark | Otto | @mdo | 100090 |
| 2 | Jacob | Thornton | @fat | 100090 |
| 3 | Larry | the Bird | 100090 | |
| 4 | Mark | Otto | @mdo | 100090 |
| 5 | Jacob | Thornton | @fat | 100090 |
| 6 | Larry | the Bird | 100090 | |
| 7 | Jacob | Thornton | @fat | 100090 |
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