ONE:It might have been imagined that this magnificent and destructive repulse would have convinced the allies that the siege was hopeless, but they were pretty well informed that General Elliot had well nigh exhausted his ammunition in this prodigal death-shower, and they had still their great combined fleet, snug in the narrow bay, with scouts in the Strait to prevent the carrying in of supplies. But on the 24th of September news arrived at Madrid that the fleet of Lord Howe was under weigh for Gibraltar. Howe's fleet of thirty-four sail-of-the-line, six frigates, and three fire-ships, though in the neighbourhood of one of fifty sail-of-the-line, besides a number of frigates and smaller vessels, managed to get into the bay of Gibraltar all safe, amid the wildest acclamations of soldiers and inhabitants. By the 18th of October all the store-ships had discharged their cargoes, and had passed through the Strait, and on the 19th Lord Howe followed them with his fleet. The enemy's fleet then came out after him, and the next day they were in the open ocean, and Howe proceeded to their leeward to receive them. Some of their vessels had suffered[296] in the late gales, but they had still at least forty-four sail to Howe's thirty-four, and, having the weather-gauge, had every advantage. But after a partial firing, in which they received great damage from Howe, they hauled off and got into Cadiz bay. Howe, then dispatching part of his fleet to the West Indies and a second squadron to the Irish coast, returned home himself. The news of the grand defence of Gibraltar produced a wonderful rejoicing in England; thanks were voted by Parliament to the officers and privates of the brave garrison; General Elliot was invested with the Order of the Bath on the king's bastion in sight of the works which he had preserved, and on his return, in 1787, at the age of seventy, he was created a Peer as Lord Heathfield of Gibraltar.On the death of Stanhope, Sir Robert Walpole was left without a rival, and he received his commission of First Lord of the Treasury on the 2nd of April, and from this period down to 1742 he continued to direct the government of Great Britain. His chief anxiety now was to restore the public credit. He drew up, as Chairman of the Committee of the Commons, a report of all that had been lost in the late excitements, and of the measures that had been adopted to remedy the costs incurred. Amongst these were the resolutions of the House respecting the seven and a half millions the directors of the South Sea Company had agreed to pay to Government; more than five had been remitted, and we may add that on the clamorous complaints of the Company the remainder was afterwards remitted too. The forfeited estates had been made to clear off a large amount of encumbrance, the credit of the Company's bonds had been maintained, and thirty-three per cent. of the capital paid to the proprietors. Such were the[49] measures adopted by the Commons, and these being stated in the report to the king, a Bill was brought in embodying them all. Many of the proprietors, however, were not satisfied. They were very willing to forget their own folly and greediness, and charge the blame on the Government. On the second reading of Walpole's Bill they thronged the lobby of the House of Commons. The next day the Bill was carried, and gradually produced quiet; but Walpole himself did not escape without severe animadversions. He was accused of having framed his measures in collusion with the Bank, and with a clear eye to his own interest; but he had been strenuously vindicated from the charge, and on the whole the vigour and boldness with which he encountered the storm and quelled it deserve the highest praise, and may well cover a certain amount of self-interest, from which few Ministers are free.
comprehensive swimming information
