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ONE:The Battle of Rosbach raised the fame of Frederick wonderfully all over Europe. He soon roused himself, however, for fresh efforts. Whilst he had been thus engaged on the Saale, the Austrians had again overrun Silesia, defeating the Prussians under the Duke of Bevern, storming the great fortress of Schweidnitz, and making themselves masters of Breslau, the capital. In spite of his reduced numbers and the advancing winter, Frederick immediately directed his march towards Silesia, gathering reinforcements as he went, so that by the 5th of December, just one month from the Battle of Rosbach, he came up with Prince Charles of Lorraine and Marshal Daun at Lissa, a small village near Breslau, and with forty thousand men encountered and defeated nearly seventy thousand Austrians, killing and wounding twenty-seven thousand of them, taking above fifty standards, one hundred cannon, four thousand waggons, and much other spoil. This battle at once freed Silesia from the Austrians, who trooped over the mountains in all haste, and left the victorious king to close this unexampled campaign.

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ONE:On the death of Stanhope, Sir Robert Walpole was left without a rival, and he received his commission of First Lord of the Treasury on the 2nd of April, and from this period down to 1742 he continued to direct the government of Great Britain. His chief anxiety now was to restore the public credit. He drew up, as Chairman of the Committee of the Commons, a report of all that had been lost in the late excitements, and of the measures that had been adopted to remedy the costs incurred. Amongst these were the resolutions of the House respecting the seven and a half millions the directors of the South Sea Company had agreed to pay to Government; more than five had been remitted, and we may add that on the clamorous complaints of the Company the remainder was afterwards remitted too. The forfeited estates had been made to clear off a large amount of encumbrance, the credit of the Company's bonds had been maintained, and thirty-three per cent. of the capital paid to the proprietors. Such were the[49] measures adopted by the Commons, and these being stated in the report to the king, a Bill was brought in embodying them all. Many of the proprietors, however, were not satisfied. They were very willing to forget their own folly and greediness, and charge the blame on the Government. On the second reading of Walpole's Bill they thronged the lobby of the House of Commons. The next day the Bill was carried, and gradually produced quiet; but Walpole himself did not escape without severe animadversions. He was accused of having framed his measures in collusion with the Bank, and with a clear eye to his own interest; but he had been strenuously vindicated from the charge, and on the whole the vigour and boldness with which he encountered the storm and quelled it deserve the highest praise, and may well cover a certain amount of self-interest, from which few Ministers are free.

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