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Landor's wrath was mighty, but he smiled as he sat balancing a ruler on his fingers and hearing how the citizens of San Tomaso, eager to avenge their wrongs, had met him at early morning, had gone bravely forward, keen on the scent, had implored him to hasten, while he halted on worthless pretexts, and had, towards evening, reluctantly left a hot trail, going from it at right angles, "and camping," said Brewster, regretfully, "as far away as it was possible to get, considering the halts."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. The American Colonies and their TradeGrowing Irritation in AmericaThe Stamp ActThe American ProtestThe Stamp Act passedIts Reception in AmericaThe King's IllnessThe Regency BillThe Princess Dowager omittedHer Name inserted in the CommonsNegotiations for a Change of MinistryThe old Ministry returnsFresh Negotiations with PittThe first Rockingham MinistryRiots in AmericaThe Stamped Paper destroyedPitt's SpeechThe Stamp Act repealedWeakness of the GovernmentPitt and Temple disagreePitt forms a MinistryAnd becomes Lord ChathamHis Comprehensive PolicyThe Embargo on WheatIllness of ChathamTownshend's Financial SchemesCorruption of ParliamentWilkes elected for MiddlesexArrest of WilkesDangerous RiotsDissolution of the Boston AssemblySeizure of the Liberty SloopDebates in ParliamentContinued Persecution of WilkesHis Letter to Lord WeymouthAgain expelled the HouseHis Re-electionThe Letters of JuniusLuttrell declared elected for MiddlesexIncapacity of the MinistryPartial Concessions to the AmericansBernard leaves BostonHe is made a Baronet"The Horned Cattle Session"Lord Chatham attacks the MinistryResignations of Granby and CamdenYorke's SuicideDissolution of the Ministry.
