THREE: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.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. SHOP NOW