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It was at the close of 1719, when George I. returned from Hanover, that this Company proposed to Ministers to consolidate all the funds into one. It was strange that both Ministers and merchants could be deluded by the hope of enriching themselves by a share of the trade with the Spanish South American provinces, when Spain herself, in full enjoyment of them, was sunk into indigence and weakness, and presented the most determined resistance to the unfettered intercourse of any other nation with them. Yet Sir John Blunt, a leading director of the South Sea Company, persuaded the Ministers that by granting the Company power to deal with the public funds, and especially to buy up the unredeemable annuities which had been granted in the two preceding reigns, chiefly on terms of ninety-nine years, and which now amounted to about eight hundred thousand pounds a year, they could, in twenty-six years, pay off the entire National Debt. But, to enable them to do this, they must be empowered to reduce all the different public securities to one aggregate fund in their hands, to convert both redeemable and unredeemable debts into stock by such arrangements as they could make with the holders, and to have certain commercial privileges vested in them. Ministers accepted the proposals with great alacrity. Aislabie introduced the scheme to Parliament in the month of February, 1720, declaring that, if it was accepted by the House, the prosperity of the nation would be amazingly enhanced, and all its debts liquidated in a very few years. Craggs seconded the proposal in most sanguine terms, expressing his conviction that every member of the House must be ready to adopt so advantageous an offer. Ministers had already closed with the proposals of the Company, and they were themselves greatly disconcerted by the suggestion of Mr. Thomas Brodrick, the member for Stockbridge, who expressed his entire accordance with Ministers, but thought that the nation should endeavour to obtain the best terms for itself by opening the competition to every other company or association of men as well as that in question. Ministers were confounded by this proposal, and Aislabie endeavoured to get out of it by declaring that to do this would be like putting the nation up to auction, and that such things should be done with spirit. But Jekyll interposed, saying it was this spirit which had ruined the nation, and it was now requisite to consider seriously what was best for the public. A violent debate ensued, in which Walpole eloquently recommended open competition, and was sharply replied to by Lechmere. The question was carried in favour of competition; and then the Bank of England, which before had coolly declined to enter into the proposals, suddenly appeared in a new temper, and made liberal offers for the privilege of thus farming the public debts. But the South Sea Company was not to be outdone; it offered seven millions and a half, and the Bank gave way in despair.Brazilian 0 10 0 66 0 0<024>
TWO:THE BRITISH FLEET PASSING THROUGH THE DARDANELLES. (See p. 538.)FROM THE PICTURE BY C. R. LESLIE, R.A., IN THE POSSESSION OF THE VICTORIA AND ALBERT MUSEUM, SOUTH KENSINGTON.

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THREE:The whole mode of coming into possession of these papers has something in it revolting to all honourable minds. Franklin, aware of this, insisted that they should not be printed nor made public, but only circulated amongst a select few. But the same motives which had induced Franklin to break his pledged secrecy, operated on the Assembly. They determined to make them public, and therefore pretended that other copies of them had reached them from England, and that they were thus absolved from all conditions of secrecy. This was totally false. The story was invented for the occasion, and the letters, without the name of Whately, to whom they had been addressed, were published by the Assembly. It was left to be inferred by the public, that they had been sent officially to England by the Governor and Lieutenant-Governor, and the Assembly voted the writing of them ample evidence of a fixed design on the part of the British Government to destroy the Constitution and establish arbitrary power. A petition was dispatched to be presented by Franklin to the king, calling for the removal of Hutchinson and Oliver from their posts. When these letters were read under these false impressions, sentiments were found in them which assumed a wholly exaggerated character, and the flame produced was, as Franklin and the Assembly intended, of the most furious kind.[See larger version]
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THREE:This scheme was to take Ticonderoga, and then to advance upon Albany. Whilst the army was marching to this point, the fleet, carrying another strong force, was to ascend the Hudson, and there meet Burgoyne, by which means the British could then command the Hudson through its whole extent; and New England, the head of the rebellion, would be entirely cut off from the middle and southern countries. The plan was excellent in itself, but demanded for its successful accomplishment not only commanders familiar with the country, but the most ardent spirit in them, and the most careful co-operation.After the reports that had gone abroad, to the effect that the Government were about to settle the question, and that they had even prepared a Bill on the subject, this letter from the Prime Minister to the Roman Catholic Primate was most disappointing. Besides, it was absurd to expect that the subject could be buried in oblivion. The Duke, no doubt, had in his mind the difficulty with the king, and the excitement of Protestant feeling in England, which was exasperated by the violence of the debates in the Catholic Association, and the tone of menace and defiance which that body had assumed. This obstacle was not lessened by the letter in question, the purport of which was communicated to Mr. O'Connell, and also to the Lord-Lieutenant. The latter wrote an admirable letter in reply, which led to serious consequences. On the 22nd of December Dr. Curtis sent him the Duke's letter, and a copy of his own answer to it. He acknowledged that it conveyed information which he had not himself received, though entitled, from his position, to receive it first. He then frankly offered his opinion as to the course which it behoved the Catholics to pursue. He was perfectly convinced that the final and cordial settlement of the question could alone give peace, harmony, and prosperity to all classes of his Majesty's subjects. He advised that the Duke of Wellington should by every means be propitiated; for if any man could carry the measure, it was he. All personal and offensive insinuations should therefore be suppressed, and ample allowance should be made for the difficulties of his situation. "Difficult," said Lord Anglesey, "it certainly is; for he has to overcome the very strong prejudices and the interested motives of many persons of the highest influence, as well as allay the real alarm of many of the more ignorant Protestants." As to burying in oblivion the question for a short time, the Viceroy considered the thing utterly impossible, and, if possible, not at all desirable. He recommended, on the contrary, that all constitutional means should be used to forward the cause, coupled with the utmost forbearance, and the most submissive obedience to the law. Personality offered no advantage. It offended those who could assist, and confirmed predisposed aversion. "Let the Catholic," said his lordship, "trust to the justice of his cause, and to the growing liberality of mankind. Unfortunately, he has lost some friends, and fortified enemies, during the last six months, by unwearied and unnecessary violence. Brute force, he should be assured, can effect nothing. It is the legislature that must decide this great question, and my anxiety is that it should be met by the Parliament under the most favourable circumstances, and that the opposers of Catholic Emancipation shall be disarmed by the patient forbearance as well as by the unwearied perseverance of its advocates." Lorem ipsum dolor sit amet, consectetur adipisicing elit.
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FORE: 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.
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FORE:During these transactions the activity of the Pretender and his agents was encouraged by the growing influence of Bolingbroke in the English Court. Bolingbroke proposed to Oxford that they should pay the dowry of the Pretender's mother, the widow of James II.; but to this Oxford objected, saying that the widow of James had not contented herself with the title of queen-dowager of England, but had assumed that of queen mother, which, he observed, could not be lawfully admitted after the attainder of her son. This strengthened the hands of Bolingbroke with Lady Masham, who was violently in favour of the Pretender. Lady Masham's disgust with Oxford was wonderfully increased. In writing to Mesnager, she did not hesitate to say that if the Court of St. Germains trusted to Oxford, they would be deceived; that he was "famous for loving a secret, and making intricacies where there needed none, and no less renowned for causing everything of such a nature to miscarry." The Pretender, having every day increased encouragement from Lady Masham and Bolingbroke, demanded of the Emperor of Germany one of his nieces in marriage; and it was reported that the Emperor was agreeable to it, and ready to espouse his cause. It was well known that distinct propositions had been made to the Pretender through the Duke of Berwick, at the instance of Lady Masham, before her breach with Oxford, by which his restoration on the demise of Anne was agreed to on condition that he should guarantee the security of the Church and Constitution of England, and that not even his mother should be admitted to the knowledge of this agreement. At the last point, however, Oxford failed to conclude this secret treaty. The Duke of Berwick, in his Memoirs, says that, in consequence of this conduct of Oxford's, the friends of the Pretender turned their attention to other parties about the Courtto Lord Ormonde, the Duke of Buckingham, and many other persons. Buckinghamwho was married to the Lady Catherine Darnley, a daughter of James II. by Catherine Sedley, and was, therefore, brother-in-law to the Pretenderwrote to the Earl of Middleton, the Pretender's Minister, how earnestly he desired to see the king back on the English throne; that nothing but his religion stood in the way; that this was the only thing which prevented the queen from acknowledging him; and he urged him to follow the example of Henry IV. of France, who gave up the Protestant religion when he saw that he could not securely hold the Crown without doing so. But the Pretender was, much to his creditbeing firmly persuaded of the truth of his religionmuch too honest to renounce it, even for the Crown of such a kingdom as Great Britain; and he argued that the English people ought to see in his sincerity a guarantee for his faithful dealing with them in all other matters. But, unfortunately, the example of his father had barred the way to any such plea. No man was more positive in the adherence to his religion, or in his sacrifices on its account; but no man had at the same time so thoroughly demonstrated that he had no such honourable feeling as to breaking his word where any political matter was concerned.The British during this year were engaged in a variety of enterprises, and in very different and distant parts of the world, with a success as various. The most remarkable undertaking was the defence of Lower Calabria, which showed what might be effected by British soldiers, if employed in sufficient numbers, and under able commanders. We have already sketched the attempt by a small Russian army and a smaller British one to support Ferdinand of Naples in his kingdom against the French. As General St. Cyr came back upon them, followed by Massena, with altogether sixty thousand men, the seven thousand of British and Russians were obliged to retreat, the Russians embarking for Corfu, and the British crossing over into Sicily, whither the Neapolitan Court had fled, taking up its residence at Palermo.

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FORE:[77]

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FORE:But the question of the restrictions upon Dissenters was again taken up by Lord Stanhope, in 1811. On the 21st of March he presented to the House of Lords a short Bill "For the better securing the liberty of conscience." It had the same fate as his former ones. Ministers seemed rather inclined to abridge the liberty of conscience, for immediately afterwards, namely, on the 9th of May, Lord Sidmouth brought in a Bill to limit the granting of licences to preach, asserting that this licence was made use of by ignorant and unfit persons, because having such a licence exempted them from serving in the militia, on juries, etc. The Bill excited great alarm amongst the Dissenters, and Lord Stanhope and Lord Grey, on the 17th of the month, when Lord Sidmouth moved for the second reading of the Bill, prayed for some time to be allowed for the expression of public opinion. The second reading was, accordingly, deferred till the 21st, by which time a flock of petitions came up against it, one of which was signed by four thousand persons. Lord Erskine said that these petitions were not a tenth part of what would be presented, if time were afforded for the purpose; and he ridiculed the idea of persons obtaining exemption from serving in the militia by merely taking out licences to preach. Lord Grey confirmed this, saying that it was impossible for persons to obtain such licences, except they were ministers of separate congregations. This was secured by an Act passed in 1802, and still more, the party applying for such licence was restricted from following any trade, except that of keeping a school. These regulations, he stated, were most minutely adhered to, both in the general and local militia, and he challenged Lord Sidmouth to show him a single instance, since the Act of 1802, where exemption had been improperly obtained by a Dissenter. Lord Grey proved from actual returns that the whole number of persons who had been licensed during the last forty-eight years had only been three thousand six hundred and seventy-eight, or about seventy-seven[165] annually on an average, and that the highest number reached in any one year had been only about one hundred and sixty. He contended that these facts demonstrated the non-necessity of the Bill. It was lost.But the more the mystery, the greater was the rage of the English Government. On the opening of the Session of Parliament for 1737, a Bill was brought in of a most frantic and unwise character:"To abolish the charter of the City of Edinburgh, to rase the city gates, disband the City Guard, and declare Mr. Wilson, the Provost, incapable of again holding any public office." Nothing so furious and unstatesmanlike could ever have been imagined possible in the eighteenth century. Witnesses were called to the bar of both Houses, and amongst them three Scottish judges, in their robes, were subjected to a sharp cross-examination. Nothing, however, could be elicited except some degree of carelessness on the part of the city magistrates. The Scottish nation, with its usual spirit, highly resented the menaces of this impolitic Bill. The Duke of Argyll in the Lords, and various members of the Commons, denounced it as equally insulting and unjust. They were zealously supported by many English members, especially by Wyndham and Sir John Barnard, and the Bill gradually shrank into an Act disabling Mr. Provost Wilson from holding any office in future, and fining the city two thousand pounds for the benefit of the widow of Captain Porteous; and, alluding to her original station, it was jocosely said, therefore, that all this terrible menace ended in making the fortune of an old cookmaid.

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On the 6th of January there landed at Greenwich an illustrious visitor to the Court on an unwelcome errandnamely, Prince Eugene. The Allies, justly alarmed at the Ministerial revolution which had taken place in England, and at the obvious design of the Tories to render abortive all the efforts of the Whigs and the Allies through the war, from mere party envy and malice, sent over Eugene to convince the queen and the Government of the fatal consequences of such policy. Harley paid obsequious court to the prince as long as he hoped to win him over. He gave a magnificent dinner in his honour, and declared that he looked on that day as the happiest of his life, since he had the honour to see in his house the greatest captain of the age. The prince, who felt that this was a mean blow at Marlborough, replied with a polite but cutting sarcasm, which must have sunk deep in the bosom of the Lord Treasurer, "My lord, if I am the greatest captain of the age, I owe it to your lordship." That was to say, because he had deprived the really greatest captain of his command. The queen, though she was compelled to treat Eugene graciously, and to order the preparation of costly gifts to him as the representative of the Allies, regarded him as a most unwelcome guest, and in her private circle took no pains to conceal it. The whole Tory party soon found that he was not a man to be seduced from his integrity, or brought to acquiesce in a course of policy which he felt and knew to be most disgraceful and disastrous to the peace of Europe; and being fully convinced of this, they let loose on the illustrious stranger all the virulence of the press. Eugene returned to the Continent, his mission being unaccomplished, on the 13th of March.Towards the end of William IV.'s reign the style of ladies' dress suddenly changed. The unshapely short-waisted robe was succeeded by one of ampler dimensions, longer and fuller, with a moderate amount of crinolineenough to give dignity and grace to the figure, but not expanding to the same absurd extent as afterwardsand long pointed stomachers. The bonnets were considerably reduced in size. The ball dresses at the beginning of the Victorian reign became more like those of a later day, except that they were then made of heavy, rich materialssilk, satin, brocade, etc. The style of the sleeve varied, but one of the fashions at this time was a puffing at the shoulder, and sloping gradually down, commonly called the "leg-of-mutton sleeve." The cloaks were large and full, enveloping the whole figure, and reaching almost to the ground.
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