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FORE:Parliament again met for a few days, but only to vote Addresses of condolence and congratulation, as a dissolution had been determined on. The Marquis of Lansdowne pointed out that there was not the usual reason for a dissolution which occurred upon a demise of the Crown; but Lord Eldon explained that, at common law, the Parliament died with the Sovereign in whose name it was called; and although, by the statute of William III., it could sit six months longer, it was liable to be dissolved sooner; and constitutionally it ought to be dissolved as soon as public business would allow; so that noble lords who started any business to delay the dissolution would be obstructing the due exercise of the Royal Prerogative. He, as Lord Commissioner, therefore, concluded the Session by delivering the Royal Speech, which deplored the loss of a Sovereign, the common father of all his people, and praised the prudence and firmness with which the Lords and Commons had counteracted the designs of the disaffected.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.

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident.

FORE:On the 9th of July Earl Grey made a statement in the Lords, when the Duke of Wellington disclaimed all personal hostility in the opposition he had been obliged to give to his Government. The Lord Chancellor pronounced an affecting eulogium on the great statesman who was finally retiring from his work, and expressed his own determination to remain in office. Lord Grey's popular[374] Administration had lasted three years, seven months, and twenty-two days, which exceeded the term of his predecessor, the Duke of Wellington, by nearly a year and a half. Lord Grey, from the infirmities of age, declining health, and weariness of official life, had wished to retire at the close of the previous Session, but was prevailed upon by his colleagues to remain in office. In delivering his farewell speech he was listened to with profound attention, and at one moment was so overpowered by his feelings that he was compelled to sit down, the Duke of Wellington considerately filling up the interval by presenting some petitions.

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident.

FORE:

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident.

FORE:

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident.