FORE:The tumult in Ireland was succeeded by one in Scotland. The people of that country, though they were, by the provisions of the Act of union, to bear their proportion of the malt tax, had always refused compliance, and in 1713 had issued a violent resolution against it. They had never yet complied with the law, and Walpole, seeing the sturdy nature of the opposition, was willing to give up the point quietly. But during the Parliamentary Session of this year, Mr. Brodrick proposed that a duty of sixpence on every barrel of ale should be paid in lieu of it. Walpole was reluctant to go into the question, but the House was bent on it, and he therefore complied so far as to consent to a duty of threepence per barrel, or half the amount. There were promptly riots in Glasgow, and at Edinburgh the brewers refused to brew. Walpole sent down the Earl of Islay, the brother of the Duke of Argyll, and a zealous adherent of his own, to pacify the country. Islay behaved with equal prudence and firmness. He found the powerful combination of brewers essaying to make a stand against and then attempting to make terms with him. But he let them know that nothing but unconditional surrender to the laws would be accepted, and they at length held a meeting, where the chairman put the question, "To brew, or not to brew?" The members were to vote seriatim; but neither the man on his right nor the one on his left would venture to begin. In the long pause that ensued, one Gray declared that he thought there was nothing for them to do but to return to their trades; that he would not be bound by the majority, but would vote independently, and he voted to brew. The meeting broke up, and that night a number of breweries were set to work, and the next day, at noon, about forty brew-houses were in full action in Edinburgh, and ten in Leith.The South Sea Company had immediately on the passing of the Bill proposed a subscription of one million, and this was so eagerly seized on that, instead of one, two millions were subscribed. To stimulate this already too feverish spirit in the public, the Company adopted the most false and unjustifiable means. They had eight millions and a half to pay over to Government as a douceur for granting them the management of the Funds; and, therefore, to bring this in rapidly, they propagated the most lying rumours. It was industriously circulated that Lord Stanhope had received overtures at Paris to exchange Gibraltar and Port Mahon for invaluable gold lands in Peru! The South Sea trade was vaunted as a source of boundless wealth in itself. In August the stock had risen from the one hundred and thirty of the last winter to one thousand! Men sold houses and land to become shareholders; merchants of eminence neglected their affairs and crippled their resources to reap imaginary profits. The Company flattered the delusion to the utmost. They opened a third, and even a fourth subscription, larger than the former, and passed a resolution that from next Christmas their yearly dividend should not be less than fifty per cent.! In labouring to increase the public delusion they seem to have caught the contagion themselves, for they began to act, not like men who were blowing a bubble which they knew must speedily burst, but like persons who had mounted permanently into the very highest seat of prosperous power. They assumed the most arrogant and overbearing manner, even towards men of the highest station and influence. "We have made them kings," said a member of Parliament, "and they deal with everybody as such."
