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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.NAPOLEON SIGNING HIS ABDICATION. (See p. 83.)
ONE:During the Session, however, a Bill was passed sanctioning the establishment of a company which had been formed several years before, for trading to the new settlement of Sierra Leone, on the coast of Africa. In 1787 this settlement was begun by philanthropists, to show that colonial productions could be obtained without the labour of slaves, and to introduce civilisation into that continent through the means of commerce carried on by educated blacks. In that year four hundred and seventy negroes, then living in a state of destitution in London, were removed to it. In 1790 their number was increased by one thousand one hundred and ninety-eight other negroes from Nova Scotia, who could not flourish in so severe a climate. Ten years after the introduction of the blacks from Nova Scotia, five hundred and fifty maroons were brought from Jamaica, and in 1819 a black regiment, disbanded in the West Indies, was added. The capability of this settlement for the production of cotton, coffee, sugar, etc., was fully demonstrated; but no spot could have been selected more fatal to the health of Europeans. It is a region of deep-sunk rivers and morasses, which, in that sultry climate, are pregnant with death to the white man.
THREE:These arrangements having been made, the sovereigns of Russia and Prussia came over to London on a visit to the Prince Regent, and to take a look at that wonderful capital which had poured out such torrents of gold to bring up their armies to Paris. With them came the Duchess of Oldenburg, the sister of the Czar, the two sons of the King of Prussia, and a great number of the victorious field-marshals, generals, princes, dukes, barons, and the like. But the two grand favourites of the people were Platoff, whose Cossacks had charmed the British people so by their wild prowess, and the bluff old Marshal Blucher. This was a hero exactly after the British heartblunt, uncompromising, and, like the British, never knowing when he was beaten.
THREE:[See larger version]
THREE:On the 11th of March the Earl of Radnor presented a petition adopted at a great meeting of inhabitants of the county of Somerset, which led to a long debate, in the course of which the Duke of Wellington earnestly recommended their lordships to leave the Corn Law as it was, and to continue to maintain the system which it was the object of that law to carry into effect; and the Duke of Richmond declared that he was surprised that any doubt could exist that "the farmers were, almost to a man, hostile to the delusions of Free Trade." On the following evening Mr. Cobden[511] brought forward a motion to inquire into the effects of protective duties on the interests of the tenant-farmers and labourers of the country, promising that he would not bring forward a single witness who should not be a tenant-farmer or a landed proprietor; but the debate concluded with a division which negatived the motion by 244 votes to 153.
TWO:

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TWO:"Yes, ye have one!"But it was not till the end of July that Lord Clarendon obtained the extraordinary powers which he demanded for putting down rebellion. These were conveyed in an Act to empower the Lord-Lieutenant to apprehend and detain till the 1st day of March, 1849, such persons as he should "suspect" of conspiring against her Majesty's person or Government. On the 27th of July a despatch from Dublin appeared in the late editions of some of the London morning papers, stating that the railway station at Thurles had been burned; that for several miles along the lines the rails had been torn up; that dreadful fighting had been going on in Clonmel; that the people were armed in masses; that the troops were over-powered; that some refused to act; that the insurrection had also broken out in Kilkenny,[568] Waterford, and Cork, and all through the South. This was pure invention. No such events had occurred. In order to avoid arrest, the leaders fled from Dublin, and the clubs were completely dispersed. Mr. Smith O'Brien started on the 22nd by the night mail for Wexford. From Enniscorthy he crossed the mountains to the county Carlow; at Graiguemanagh he visited the parish priest, who offered him no encouragement, but gave him to understand that, in the opinion of the priests, those who attempted to raise a rebellion in the county were insane. He passed on to the towns of Carlow and Kilkenny, where he harangued the people and called upon them to rise. He arrived at Carrick-on-Suir on the 24th, and thence he went to Cashel. Leaders had been arrestednamely, Duffy, Martin, Williams, O'Doherty, Meagher, and Doheny. The Act, which received the Royal Assent on the 29th of July, was conveyed by express to Dublin, and immediately the Lord-Lieutenant issued a proclamation ordering the suppression of the conspiracy, which should have been done six months before. In pursuance of this proclamation, the principal cities were occupied by the military. Cannon were planted at the ends of the streets, and all but those who had certificates of loyalty were deprived of their arms. The police entered the offices of the Nation and Felon, seized all the copies of those papers, and scattered the types. Twelve counties were proclaimed, and a number of young men arrested having commissions and uniforms for the "Irish Army of Liberation."

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THREE:Man and woman of middle class Parson Lady and gentleman Labourer and wifeThe Pitt Ministry figured with less success as regarded the encroachments of Russia on the Turkish empire. The undisguised policy of Catherine was to press on her operations against Turkey till she had planted herself in Constantinople. Pitt continued as inactive as if there were no danger at all, and the same policy actuated Holland and Prussia. The least support given by these Powers to Gustavus of Sweden would have effectually checked the Russian designs in the East, and have raised Sweden into a position capable of acting as a dead weight on Russian aggression. By very little aid Gustavus would have been able to recover all the territories on the eastern side of the Baltic which had been wrested from Sweden by Russia, and would thus have kept a formidable power always, as it were, at the very gates of St. Petersburg. But Gustavus was left, with his brave heart but limited forces, to contend with Russia alone. He kept down his disaffected nobles by cultivating the interests of the people at large, and maintained a determined struggle with Russia. He sent over the Prince of Anhalt with a small army of about three thousand men at so early a season that the ground was covered with ice and snow. The prince pushed on boldly towards St. Petersburg, and made himself master of the strong forts and defences at Karnomkoski, on the Lake Saima, within two days' march of that capital. In April they were encountered by ten thousand Russians under the command of General Ingelstrom, whom they defeated after a desperate battle, leaving two thousand Russians dead on the field. But the Prince of Anhalt was killed, and the Swedes were not able, with a handful of men, to advance on St. Petersburg, which was in fearful panic. Gustavus was more successful at sea. He and his brother, the Duke of Sudermania, fought the Russians with a very inferior force of ships off Revel, and afterwards off Svenskasund. A considerable number of English officers were serving in the Swedish fleet, amongst them one destined to rise to high distinction, Sidney, afterwards Sir Sidney, Smith. After two days' sanguinary fight at the latter place, Gustavus beat the Russian Admiral Chitschakoff so completely that he took four thousand prisoners, destroyed several of the largest Russian ships, and took or sank forty-five galleys. Catherine was now glad to make peace, which was concluded at Warela, near the river Kymen, but with very different results to what would have been obtained had Gustavus found that support which it was the obvious interest of the whole civilised world to afford him. He agreed that each Power should retain what it possessed before the war, thus conferring on Russia the provinces torn from Sweden. Gustavus complained bitterly of his treatment, and with ample cause.
THREE:Sir Henry Clinton had for some time been aware of the real destination of the united forces of Washington and Rochambeau. He must have seen that there was a determined resolve to crush, by the most powerful combination of American and French forces, the army in the south, and every exertion should have been made by him, with fleet and army, to release Cornwallis from his peril. But, instead of sending direct reinforcements to Cornwallis, and ordering the fleet to engage the enemy's attention, and, if possible, defeat De Grasse in the Chesapeake, he concocted a diversion in Connecticut with Arnold, which he fondly hoped would recall Washington. Sir Henry Clinton contemplated further expeditionsfirst against the Rhode Island fleet, and next against Philadelphia; but these never came off, and matters were now every day assuming such an aspect as should have stimulated him to some direct assistance to Cornwallis.
THREE:Whilst Cornwallis was pursuing Washington through the Jerseys, Clinton swept Rhode Island of the American troops, and drove Commodore Hopkins with some ships up Providence River, where he remained. Rhode Island, however, required a strong body of English soldiers constantly to defend it. Meanwhile Sir Guy Carleton, having destroyed the American flotilla on Lake Champlain, was daily expected to march from Crown Point and invest Ticonderoga, which was only fifteen miles distant, and where Schuyler lay prepared to abandon it on the approach of the English. But Carleton, who had displayed so much activity and energy, now, like the rest of our generals, seemed at once to abandon them at the decisive point. He descended the Champlain to Isle-aux-Noix, put his forces into winter quarters there, and proceeded himself to Quebec, to prepare for the next campaign. Thus ended the campaign of 1776.
THREE:LORD ALTHORP (3RD EARL SPENCER).
THREE:In prosecution, however, of his unrighteous engagement to Catherine, he mustered the large army he had engaged to bring against Turkey, and in February, 1788, he made a formal proclamation of war, having no cause of hostility to assign of his own, but merely that his alliance with Russia demanded that he should support that power in its equally lawless invasion of Turkey. The Prince of Saxe-Coburg, who commanded one division of Joseph's army, entered Moldavia, and spent the whole campaign nearly in the siege and reduction of the fortress of Choczim. The Emperor himself accompanied another division, the destination of which was the renewal of the siege of Belgrade. He had been led by Catherine to hope, as his reward for the co-operation, the recovery of Bosnia and Servia, the acquisition of Moldavia and Wallachia, and the extension of his boundaries to the Dnieper. But, having waited some time for the junction of the Russians, Joseph's army assembled on the banks of the Danube in February, and occupied itself in securing the banks of that river and of the Save. Joseph himself joined it in April, accompanied by his favourite marshal and counsellor, Lacy, and having also with him, but paying little attention to him or his advice, the brave and able Laudohn, who had so successfully coped with Frederick of Prussia in Silesia. On the 24th he took the little fortress of Szabatch, whilst another part of his army suffered a defeat from the Turks at Dobitza. He then sat down before Belgrade, but carried on the siege with such slackness as to disgust his own troops and astonish all Europe. He was at length roused by the advance of the vizier, Yussuff, who was coming rapidly down upon him. At his approach, Joseph precipitately retreated behind the Save, while Yussuff threw bridges over the Danube at Cladova, broke the Austrian cordon by the defeat of a portion of the forces of General Wartesleben on the heights of Meadiha, and swept through the banat of Temeswar, Joseph's own territory, which he held, and threatened to invade Hungary. Joseph hastened with forty thousand men to support Wartesleben, leaving General Laudohn to conduct the war in Croatia. The army was delighted to have Laudohn at their head instead of the Emperor. He led it on the very day of his arrival against the fortress of Dobitza, which he took; he then passed the Save, drove the Turks before him, defeated seven thousand of the enemy before Novi, and took that place, where his operations were suspended by the winter. Joseph gained little credit by his junction with Wartesleben. The Turks attacked him, and, though they were for the moment repulsed, the Emperor retreated in a dark night, and Turks and Austrians resumed their former positions. After taking Verplanka, the campaign ended with a three months' truce. But the Austrians had suffered more severely from the miasma of the marshes of the Danube and Save than from the Turks.
THREE:The discontents occasioned by the South Sea scheme and its issue had caused the Jacobites to conceive fresh hopes of success, and their spirits were still more elevated by the birth of a son to the Pretender. The business of this faction was conducted in England by a junto or council, amongst the chief members of which were the Earls of Arran and Orrery, Lords North and Gower, and the Bishop of Rochester. Lord Oxford had been invited to put himself at the head of this council of five, but everything of a decided nature was out of his character. He continued to correspond with the leaders of the faction, but he declined putting himself too forward. In fact, his habitual irresolution was now doubled by advancing[50] infirmities, and he died three years afterwards. Though several of the junto were men of parliamentary, and North of military experience, Atterbury was the undoubted head of it. The period of confusion created by the South Sea agitation was first pitched on for a new attempt, then that of the general election, which had taken place in March, and, finally, it was deferred till the king should have gone to Hanover, according to his custom, in the summer.Granville being got rid of, and the Opposition bought up with place, the only difference in the policy which had been pursued, and which had been so bitterly denounced by the noblemen and gentlemen now in office, was that it became more unequivocally Hanoverian and more extravagant. "Those abominably Courtly measures" of Granville were now the adopted measures of his denouncers. The king had expressed, just before his fall, a desire to grant a subsidy to Saxony; but Lord Chancellor Hardwicke had most seriously reminded his Majesty of the increased subsidy to the Queen of Hungary, which made it impracticable: now, both the increased subsidy to Maria Theresa and the subsidy to Saxony were passed without an objection. A quadruple alliance was entered into between Britain, Austria, Holland, and Saxony, by which Saxony was to furnish thirty thousand men for the defence of Bohemia, and to receive a hundred and fifty thousand pounds, two-thirds of which were to be paid by England, and one-third by Holland. The Elector of Cologne received twenty-four thousand pounds, the Elector of Mayence eight thousand pounds. Nay, soon discovering that, as there was no opposition, there was no clamour on the subject, Ministers the very next year took the Hanoverians into their direct pay again, and in 1747 increased the number of them from eighteen thousand to twenty thousand.

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ONE:Buonaparte saw his opportunity, and, making a movement by a body of troops on Bar-sur-Seine, he alarmed Schwarzenberg, who thought he was intending to attack him in full force, and therefore changed his route, separating farther from Blucher. This point gained, Buonaparte marched after Blucher. That general had driven Macdonald from Chateau Thierry, and had established his headquarters at Vertus. Sacken was in advance as far as Fert-sous-Jouarre, and Yorck at Meaux, much nearer Paris than Buonaparte himself. Paris was in great alarm. But Napoleon, taking a cross-country road, and dragging his artillery by enormous exertions over hedges, ditches, and marshes, came upon Blucher's rear, to his astonishment, at Champaubert. Driving in the Russians, Napoleon defeated him, taking two thousand prisoners, and most of his artillery; and being thus posted between Sacken and Blucher, he first attacked and defeated Sacken, destroying or squandering five thousand menabout one-fourth of his divisionand then turned to attack Blucher himself, who was marching rapidly up to support Sacken. Blucher, finding himself suddenly in face of the whole army of Buonaparte, in an open country, fell back, but conducted his retreat so admirably that he cut his way through two strong bodies of French, who had posted themselves on the line of his march, and[79] brought off his troops and artillery safe to Chalons. Napoleon then turned against Schwarzenberg, and on the 17th of February he met and defeated him at Nangis. Such were the immediate consequences of the folly of dividing the Allied forces. In these movements Napoleon displayed a military ability equal to that of any part of his career.

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In this awkward dilemma the king resolved to cut his way through the French, superior as they were, and regain communication with their magazines and their auxiliaries at Hanau. But Noailles was closely watching their movements; and, being aware of what was intended, took instant measures to prevent the retreat. He immediately advanced from their front to their rear, threw two bridges over the Main at Selingenstadt, and[84] despatched his nephew, the Duke de Gramont, to secure the defile of Dettingen, through which the English must pass in their retreat. He also raised strong batteries on the opposite bank of the Main, so as to play on the English as they marched along the river. These preparations being unknown to the English, and still supposing Noailles' principal force lay between them and Aschaffenberg, instead of between them and Dettingen, on the 27th of June, at daybreak, the king struck his tents, and the march on Dettingen began. George showed a stout heart in the midst of these startling circumstances, and the soldiers, having the presence of their king, were full of spirits. George took up his position in the rear of his army, expecting the grand attack to come from that quarter; but presently he beheld his advanced posts repulsed from Dettingen, and the French troops pouring over the bridge of the Main. He then perceived that Noailles had anticipated their movements, and, galloping to the head of his column, he reversed the order of his march, placing the infantry in front and the cavalry in the rear. His right extended to the bosky hills of the Spessart, and his left to the river. He saw at once the difficulty of their situation. Gramont occupied a strong position in the village of Dettingen, which was covered by a swamp and a ravine. There was no escape but by cutting right through De Gramont's forceno easy matter; and whilst they were preparing for the charge, the batteries of the French on the opposite bank of the Main, of which they were previously unaware, began to play murderously on their flank. With this unpleasant discovery came at the same instant the intelligence that Noailles had secured Aschaffenberg in their rear with twelve thousand men, and was sending fresh reinforcements to De Gramont in front. Thus they were completely hemmed in by the enemy, who were confidently calculating on the complete surrender of the British army and the capture of the king.FLORA MACDONALD. (After the Portrait by J. Markluin, 1747.)
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