TWO:The effect was immediately shown by a rapid rise of prices, wheat becoming one hundred and three shillings a quarter. But this did not satisfy the land-owners, and Mr. Western, in 1816, introduced no less than fourteen resolutions to make more stringent the exclusion of foreign corn. It was openly declared "that excessive taxation renders it necessary to give protection to all articles, the produce of our own soil, against similar articles, the growth of foreign countries." Mr. Barham declared that "the country must be forced to feed its own population. No partial advantage to be derived from commerce could compensate for any deficiency in this respect. The true principle of national prosperity was an absolute prohibition of the importations of foreign agricultural produce, except in extreme cases;" and on this ground it was proposed to exclude foreign rape-seed, linseed, tallow, butter, cheese, etc.
TWO:In the House of Lords on the 24th of January, 1721, five directors who had been called before them were arrested and their papers seized. By what had been drawn from them, it appeared that large sums had been given to people in high places to procure the passing of the South Sea Bill. Lord Stanhope rose and expressed his indignation at such practices, and moved that any transfer of stock for the use of any person in the Administration without a proper consideration was a notorious and dangerous corruption. The motion was seconded by Lord Townshend, and carried unanimously. The examination being continued on the 4th of February, Sir John Blunt refused to answer their lordships, on the plea that he had already given his evidence before the Secret Committee. A vehement debate arose out of this difficulty, during which the Duke of Wharton, a most profligate young nobleman, and president of the Hell-fire Club, made a fierce attack on Stanhope, accused him of fomenting the dissensions between the king and his son, and compared him to Sejanus, who had sown animosities in the family of Tiberius, and rendered his reign hateful to the Romans. Stanhope, in replying to this philippic, was so transported by his rage, that the blood gushed from his nostrils. He was carried from the House, and soon afterwards expired.The best excuse for George II.'s apparent sluggishness was, that the French were now so closely pressed by concentrating armies. Prince Charles of Lorraine and the Austrians were pressing De Broglie so hotly that he was glad to escape over the Rhine near Mannheim; and Noailles, thus finding himself between two hostile armies, followed his example, crossed over the Rhine to Worms, where, uniting with Broglie, they retreated to their own frontier at Lauter, and thus the Empire was cleared of them. The Emperor Charles now suffered the fate which he may be said to have richly deserved. He was immediately compelled to solicit for peace from Austria through the mediation of George of England and Prince William of Hesse. But Maria Theresa, now helped out of all her difficulties by English money and English soldiers, was not inclined to listen to any moderate terms, even when proposed by her benefactor, the King[86] of England. The Emperor was down, and she proposed nothing less than that he should permanently cede Bavaria to her, or give up the Imperial crown to her husband. Such terms were not to be listened to; but the fallen Emperor finally did conclude a treaty of neutrality with the Queen of Hungary, by which he consented that Bavaria should remain in her hands till the conclusion of a peace. This peace the King of England and William of Hesse did their best to accomplish; and Carteret, who was agent for King George, had consented that on this peace England should grant a subsidy of three hundred thousand crowns to the Emperor. No sooner, however, did the English Ministers receive the preliminaries of this contract, than they very properly struck out this subsidy, and the whole treaty fell to the ground.
