THREE: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.
Sed ut perspiciatis unde omnis iste natus error sit voluptatem
accusantium doloremque laudantium.

FORE:That night Charles and his chief officers lay at Culloden House, the seat of the able and patriotic Lord-President, Duncan Forbes; but the troops were obliged to lie on the moor amid the heather, which served them both for beds and fuel, the cold being very severe. They were up early in the morning, and formed in order of battle on[106] Drummossie Muir, the part of the heath of Culloden near to Culloden House. No enemy, however, appeared, and there the poor hungry men lay for most of the day with no other food than a biscuit per man. A council of war being called, Lochiel stated this fact as a plea for delay; Lord John Drummond, the Duke of Perth, and others, were of the same opinion; but Lord George Murray declared for making a night march, and surprising the duke's army whilst it would lie, as they supposed, asleep in a drunken debauch. Charles, who had the same idea, but had not yet broached it, embraced Lord George with ardour, declaring it of all things his own wish. The idea was adopted, yet the slightest military wisdom would have shown them the futility of the scheme. The men were in a general state, not only of famine, but of discontent, from the non-payment of their arrears. The night was dark, and the men soon began to stumble through bog and mire, making their march heavy, and causing them to curse and swear. It was soon found that they were so feeble and incapable of walking, even, to say nothing of fighting after a fourteen or fifteen miles' march, on empty stomachs, that it was impossible to make the rear keep up with the van. They had calculated on being at Nairn at two o'clock, but it was that hour before they had all passed Kilravock House, only four miles from the English camp. It was clear that it would be daylight long before they reached Nairn, and they could only get there to be slaughtered in helplessness, for they would be too tired either to fight or run away. It was therefore agreed to return.
At vero eos et accusamus et iusto odio dignissimos ducimus qui
blanditiis praesentium voluptatum deleniti atque corrupti quos dolores
et quas molestias excepturi sint occaecati cupiditate non provident.

FORE:An extraordinary scene of confusion was being enacted in the House of Commons at the moment when the king's reluctance was overcome. Sir R. Vivian took occasion to arraign Ministers violently for their intention of dissolving Parliament. Sir Francis Burdett contended that he was out of order. The Speaker ruled that he was in order. The Reformers differed from the Chair. Loud cries of "Sir Robert Peel! Sir Robert Peel!" were answered by counter-cries of "Sir Francis Burdett! Sir Francis Burdett!" and some wiser cries of "Chair! Chair!" The Speaker rose and stilled this unprecedented stormrebuked those who had disputed his authority, and again called on Sir Robert Peel, who proceeded thereupon, in undisguised anger, to address the House. But as the noise of the cannon, which announced the king's approach, boomed into the House, the Reform members loudly cheered, each discharge being greeted with overbearing and triumphant shouts. Suddenly Sir Robert's angry speech, and the loud cheers of the Reformers, were stilled by the three admonitory taps of the Usher of the Black Rod, who came to summon the members to attend his Majesty in the House of Peers. The Speaker at once obeyed, the Commons following. A similar scene of confusion in the Upper House was interrupted by the approach of the king. Lord Londonderry said, "I protest my lords, I will not submit to." Further than this his speech did not proceed, as the Lord Chancellor, who heard the king approaching, clutched the seals, left the woolsack, and darted out of the House. Lord Londonderry, not yet despairing, moved Lord Shaftesbury again to act as Speaker, and Lord Mansfield began a furious harangue in a loud and angry voice. In the meantime the Lord Chancellor met the king entering the House, and proceeding in procession to the robing-room. As the king advanced, the noise in the House became distinctly audible. "What's that, my Lord Chancellor?" said the king. "Only, may it please you, sire, the House of Lords amusing themselves while awaiting your Majesty's coming." The king, knowing what was meant, hastily robed, and as hastily entered the Housecutting short Lord Mansfield's speech, and putting an end to all chance of passing the[333] resolution under debate. The king ascended the throne, and commanded the attendance of the Commons. The bar of the House of Lords was thronged by the mass of members who now entered. The Speaker addressed the king, stating that the House of Commons approached the king with profound respect; and that the Commons had at no time more faithfully responded to the real feelings and interest of his Majesty's affectionate people; "while it has been," he added, "their earnest desire to support the dignity and honour of the Crown, upon which depend the greatness, the happiness, and the prosperity of this country." The Royal Assent being given to the bills that had passed, and, among others, to the Civil List Bill, the Chancellor presented to his Majesty the Speech he was to deliver, and the king, with the high shrill tone he always employed, but with more than wonted energy, read the first, which, indeed, was the really important paragraph of the Speech, and that which alone men cared to listen to or hear.
At vero eos et accusamus et iusto odio dignissimos ducimus qui
blanditiis praesentium voluptatum deleniti atque corrupti quos dolores
et quas molestias excepturi sint occaecati cupiditate non provident.

FORE: Charles H. Coote, created Lord Castlecoote, with a regiment, patronage in Queen's County, and 7,500 in cash.
At vero eos et accusamus et iusto odio dignissimos ducimus qui
blanditiis praesentium voluptatum deleniti atque corrupti quos dolores
et quas molestias excepturi sint occaecati cupiditate non provident.

FORE:The Marquis of Lansdowne, the President of the Council in the Whig Ministry which had replaced that of Sir Robert Peel, in a speech delivered in the House of Lords on the 25th of January, 1847, gave an estimate, as accurate as the best calculation could make it, of the loss in money value that had been occasioned by the failure of the crops in Ireland. "Taking a valuation of 10 per acre for potatoes, and 3 10s. for oats, the deficiency on the potato crop alone amounted to 11,350,000, while on the crop of oats it amounted to 4,660,000, or to a total value of 16,010,000 for the whole of a country which, if it could not be said to be the poorest, was certainty not one of the richest in the world. In[543] weight the loss was 9,000,000 or 10,000,000 tons of potatoes. The whole loss had been equivalent to the absolute destruction of 1,500,000 arable acres." On the same day, Lord John Russell, who had succeeded Peel as Prime Minister, gave a statement of what the Government had done during the recess for the relief of the Irish population, in pursuance of Acts passed in the previous Session. He stated that an immense staff of servants had been employed by the Board of Public Worksupwards of 11,000 personsgiving employment to half a million of labourers, representing 2,000,000 of souls; the expense for the month of January being estimated at from 700,000 to 800,000.
At vero eos et accusamus et iusto odio dignissimos ducimus qui
blanditiis praesentium voluptatum deleniti atque corrupti quos dolores
et quas molestias excepturi sint occaecati cupiditate non provident.