TWO:Charles Stanhope, though clearly guilty, escaped, after examination in the House, by a majority of three, out of respect for the memory of his deceased relative, the upright Lord Stanhope. Aislabie's case came next, and was so palpably bad that he was committed to the Tower and expelled the House, amid the ringing of bells, bonfires, and other signs of rejoicing in the City of London. The bulk of his property, moreover, was seized. This was some compensation to the public, which had murmured loudly at the acquittal of Stanhope. Sunderland's case was the next, and he escaped by the evidence against him being chiefly second-hand. He was acquitted by a majority of two hundred and thirty-three against one hundred and seventy-two. As to the king's mistresses, their sins were passed over out of a too conceding loyalty; but no favour was shown to the directors, though some of them were found to be much poorer when the scheme broke up than they were when it began. Amongst them was Mr. Gibbon, the grandfather of the historian, who afterwards exposed the injustice of many of these proceedings, though at the time they were considered as only too merited. The directors were disabled from ever again holding any place, or sitting in Parliament; and their estates, amounting to upwards of two millions, were confiscated for the relief of the sufferers by the scheme.In the manufacture of iron a most material discovery of smelting the ore by the use of pit-coal was made. The forests of England were so much reduced by the consumption of wood in the iron furnaces, that it was contemplated removing the business to our American colonies. This necessity was obviated by the discovery by Dud Dudley of a mode of manufacturing bar-iron with coal instead of wood. This discovery had been patented in 1619, yet, singularly, had been neglected; but in 1740 the principle was applied at Coalbrookdale, and iron thus made tough or brittle, as was wished. Iron works, now not confined to one spot by the necessity of wood, sprang up at various places in England and Wales, and the great works at Rotherham were established in 1750, and the famous Carron works in Scotland in 1760. The quantity of pig-iron made in 1740 was calculated at 17,000 tons, and the number of people employed in the iron trade at the end of this period is supposed to be little short of 300,000.
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