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THREE: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."On the day of Chatham's death, his friend and disciple, Colonel Barr��, announced the melancholy event in the House of Commons, and moved that his funeral should be conducted at the public charge, and his remains be deposited in Westminster Abbey. This was seconded by Thomas Townshend, afterwards Secretary of State, and Lord Sydney. All parties consented, with many praises, to this suggestion; and two days afterwards, Lord John Cavendish introduced the subject of a further testimony of public regard for the departed. It was well known that Chatham, notwithstanding the ten thousand pounds left him by the Duchess of Marlborough, notwithstanding the emoluments of his places and pensions, and the noble estate bequeathed to him by Sir William Pynsent, was still in debt. Lord John Cavendish put to the score of disinterestedness what ought probably to have been placed to the account of free living and little care of money, and called on Parliament to reward the descendants of the Earl for the great addition which he had made to the empire as well as to its glory. Lord North cordially assented. Lorem ipsum dolor sit amet, consectetur adipisicing elit.