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FORE: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."The opening of the campaign on the Rhine in 1797 restored the positions of the French. On the lower part of the river, Hoche, who now commanded them, defeated General Kray; on the upper Rhine Moreau retook the fortress of Kehl,[459] opposite to Strasburg; and such was the alarm of Austria that she began to make overtures of peace. The fortunes of her army in Italy made these overtures more zealous; Alvinzi was defeated at Rivoli on the 14th of January, and Provera soon after surrendered with four thousand men, and Wurmser capitulated at Mantua. The Archduke Charles was now sent into Italy with another army, but it was an army composed of the ruins of those of Beaulieu, Alvinzi, Wurmser, and Davidowich, whilst it was opposed by the victorious troops of Buonaparte, now supported by a reinforcement of twenty thousand men under Bernadotte. The archduke, hampered by the orders of the Aulic Council in Vienna, suffered some severe defeats on the Tagliamento in March, and retreated into Styria, whither he was followed by Buonaparte. But the danger of a rising in his rear, where the Austrian General Laudon was again collecting numerous forces, induced Buonaparte to listen to the Austrian terms for peace. The preliminaries were signed on the 18th of April at Leoben, and Buonaparte, to bind the Emperor to the French cause, and completely to break his alliance with Britain, proposed to hand over to the Austrians the territory of Venice. This being effected, Buonaparte hurried back to seize and bind the promised victim. He took a severe vengeance on the people of Verona, who had risen against the French in his absence, and then marched to Genoa, where, under pretence of supporting the people in their demands for a Republic, he put down the Doge and Senate, set up a democratical provisional government, seized on all the ships, docks, arsenal, and stores��in fact, took full possession. All further pretence of regard for the neutrality of Genoa was abandoned. 100 GB$29/month