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ONE:Sandy had made no contribution to the discussion. TWO:

ONE:As they swung in a banked turn to circle over the Sound, the green disappeared and its place was taken, as it seemed, by red. TWO:Cairness jumped forward, and his arm went around her, steadying her. For a short moment she leaned against his shoulder. Then she drew away, and her voice was quite steady as she greeted him. He could never have guessed that in that moment she had[Pg 95] learned the meaning of her life, that there had flashed burningly through her brain a wild, unreasoning desire to stand forever backed against that rock of strength, to defy the world and all its restrictions.[70]

ONE:��If Sandy doesn��t object to losing the nickname, then�� Mr. Everdail smiled a little teasingly.The spring of 1720 was a period of remarkable national prosperity. But "the grand money schemes projected of late," which appeared to the Jacobite Atterbury and others calculated to cement the royal peace and strengthen the foundation[46] of the Government and nation, were destined to produce a very different effect. For the South Sea Bubble was about to burst. In 1711, Harley, being at his wits' end to maintain the public credit, established a fund to provide for the National Debt, which amounted to ten millions of pounds. To defray the interest he made permanent the duties on wine, vinegar, and tobacco, etc. To induce the purchase of the Government stock, he gave to the shareholders the exclusive privilege of trading to the Spanish settlements in South America, and procured them an Act of Parliament and a royal charter, under the name of the South Sea Company. The idea, hollow and groundless as it was, seized on the imagination of the most staid and experienced traders. All the dreams of boundless gold which haunted the heads of the followers of Drake and Raleigh were revived. The mania spread through the nation, and was industriously encouraged by the partisans of Harley. But this stupendous dream of wealth was based on the promises of Ministers, who at the Peace of Utrecht were to secure from the Government of Spain this right to trade to its colonies. The right was never granted by that haughty and jealous Power, further than for the settlement of some few factories, and the sending of one small ship annually of less than five hundred tons. This, and the Assiento, or privilege of supplying those colonies with African slaves, were the sole advantages obtained, and these were soon disturbed by the war with Spain, which broke out under Alberoni. The South Sea Company, however, from its general resources, remained a flourishing corporation, and was deemed the rival of the Bank of England. TWO:The helmsman had switched on its searchlight.

FORE:Very important events had during this time been taking place in Europe. In the north, Russia, checked in its encroachments on Turkey for the present, turned its eyes on the inviting region of Poland. Poland, after neglecting its own internal improvement, and the raising of the condition of its people, so as to give them a[396] real interest in the defence of the country, had suddenly set about establishing a new Constitution, very much on the model of the French Revolutionary one. The Diet declared the throne hereditary, and not elective, as hitherto; and Stanislaus Augustus, the king��that is, Poniatowski, the former lover and favourite of Catherine of Russia��was wholly agreeable to this. The Diet proposed the Elector of Saxony as Poniatowski's successor, the king having no children. It also admitted the burgher class into its body. As there was a strong party, however, in opposition to the popular party, the patriots met secretly, and not only pledged themselves to the new Constitution, but to pass it en masse and at once, without canvassing the particular articles of it. The king, being privy to this, on the 3rd of May, 1791, entered the hall of the Diet. The new Constitution was read, passed by a majority, and signed by the king. Stanislaus then led the way to the cathedral, where he was followed by all the nuncios except twelve, and there both he and they swore to maintain this new Constitution. An unexpected difficulty was found in persuading the Elector of Saxony to accept the Crown; for, though both Russia and Prussia still professed friendship for Poland, he was too well aware of the designs of Russia on Poland to accept the dangerous post without much hesitation. At length, in the month of April, 1792, the Elector gave his reluctant consent, but not without stipulating that they should give more power to the sovereign, and limit more that of the Diet; that the right of determining peace and war should belong to the king, as well as the authority over the army. He objected to a number of things, evidently borrowed from the revolutionary French, such as the oath taken to the nation, and the education of the heir by the Diet, just as the National Assembly had claimed the right to educate the Dauphin.The year 1771 opened in circumstances which greatly diminished the interest in Parliamentary proceedings. As all reporting was excluded from the House of Lords, the chief speakers there felt that they were no longer addressing the nation, but merely a little knot of persons in a corner, and consequently the stimulus of both fame and real usefulness was at an end. In the Commons, the desire of the Ministry to reduce that popular arena to the same condition of insignificance produced a contest with the City as foolish and mischievous in its degree as the contests then going on with Wilkes and America. George Onslow, nephew of the late Speaker, and member for Guildford, moved that several printers, who had dared to report the debates of the House of Commons, should be summoned to the bar to answer for their conduct. Accordingly, these mediums of communication between the people and their representatives were summoned and reprimanded on their knees. One of their number, named Miller, however, declared that he was a liveryman of London, and that any attempt to arrest him would be a breach of the privileges of the City. The Serjeant-at-Arms dispatched a messenger to apprehend this sturdy citizen, and bring him before the House; but, instead of succeeding, the Parliamentary messenger was taken by a City constable, and carried before Brass Crosby, the Lord Mayor. With the Lord Mayor sat Alderman Wilkes and Alderman Oliver. It was delightful work to Wilkes thus to set at defiance the House of Commons, which had made such fierce war on him. The Lord Mayor, accordingly, was fully confirmed in his view that the messenger of the Commons had committed a[204] flagrant violation of the City charter, in endeavouring to lay hands on one of its liverymen within its own precincts, and they held the messenger accordingly to bail. The House of Commons was fired with indignation at this contemptuous disregard of their dignity. They passed a resolution, by a large majority, ordering the Lord Mayor and the two aldermen to appear at their bar. Wilkes bluntly refused to attend the House in any shape but as a recognised member of it. Crosby pleaded a severe fit of the gout; and Oliver, though he appeared in his place, refused to make any submission whatever, but told them he defied them. The House, in its blind anger, resolved that Oliver should be committed to the Tower, and Crosby to the custody of the Serjeant-at-Arms. But Crosby declared that he would not accept this indulgence at the hands of the House, but would share the incarceration of his honourable friend; and he was accordingly sent also to the Tower. The people out of doors were in the highest state of fury. They greeted the City members on their way to and from the House, but they hooted and pelted the Ministerial supporters. Charles James Fox, still a Government man, as all his family had been, was very roughly handled; Lord North's carriage was dashed in, and himself wounded; and had he not been rescued by a popular member, Sir William Meredith, he would probably have lost his life. The Commons had engaged in a strife with the City, in which they were signally beaten, and no further notice being taken of the printers, from this time forward the practice of reporting the debates of Parliament became recognised as an established privilege of the people, though formally at the option of the House; and so far now from members or Ministers fearing any evil from it, the most conservative of them would be deeply mortified by the omission of their speeches in the reports. The termination of the Session also opened the doors of the Tower, and liberated the Lord Mayor and Alderman Oliver. They were attended from the Tower to the Mansion House by the Corporation in their robes, where a banquet celebrated their restoration to freedom, and the populace displayed their sympathy by bonfires and illuminations.