This app gives you all the unique moments of exploring - game before
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This app gives you all the unique moments of exploring - game before
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This app gives you all the unique moments of exploring - game before
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This app gives you all the unique moments of exploring - game before
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This app gives you all the unique moments of exploring - game before
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All Europe was astonished by the news of the French Revolution. The successful insurrection of the working classes in Paristhe flight of the kingthe abolition of monarchythe establishment of a Republic, all the work of two or three days, were events so startling that the occupants of thrones might well stand aghast at their recital, and tremble for their own possessions. It would not have been surprising if the revolutionary spirit emanating from Paris had, to a large extent, invaded Great Britain and Ireland. The country had just passed through a fearful crisis; heavy sacrifices had been made by all classes to save the people from starvation; many families had been utterly ruined by gigantic failures, and there was still very general privation prevailing in all parts of the United Kingdom. In such circumstances the masses are peculiarly liable to be excited against the Government by ignorant or unprincipled agitators, who could easily persuade[555] them that their sufferings arose from misgovernment, and that matters could never go right till the people established their own sovereigntytill they abolished monarchy and aristocracy, and proclaimed a republic. The Chartist agitation, though not formally proposing any such issue of the movement, had, nevertheless, familiarised the minds of the working classes with the idea of such a revolution. The points of their charter comprised vote by ballot, universal suffrage, annual parliaments, payment of the members, and the abolition of the property qualification. Besides, the Chartist leaders had been in the habit of holding what was called a National Convention, which was a kind of parliament of their own, in which the leaders practised the art of government. The train was thus laid, and it seemed to require only a spark to ignite it; but a thick shower of sparks came from Paris, as if a furnace had been emptied by a hurricane. It would have been almost miraculous if there had been no explosions of disaffection in Great Britain in such circumstances as these.[See larger version]SOMERSET HOUSE, LONDON (RIVER FRONT).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.By permission of the Corporation of Liverpool. Reproduced by Andre & Sleigh, La., Bushey. Herts."Such, my lords," continued Mr. Brougham, "is the case now before you; and such is the evidence by which it is attempted to be upheld. It is evidence inadequate to prove any proposition, impotent to deprive the subject of any civil right, ridiculous to establish the least offence, scandalous to support a charge of the highest nature, monstrous to ruin the honour of the Queen of England. What shall I say of it, then, as evidence to support a judicial act of legislaturean ex post facto law? My lords, I call upon you to pause. You stand on the brink of a precipice: if your judgment shall go out against the queen, it will be the only act that ever went out without effecting its purpose; it will return to you upon your heads. Save the country! save yourselves!
