[See larger version]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. "Believe me, ever yours most sincerely,
ONE:The temper of Townshend was warm, though his nature was upright; and in this mood, a discussion taking place on foreign affairs at the house of Colonel Selwyn, the dispute became so heated that Walpole declared that he did not believe what Townshend was saying. The indignant Townshend seized Walpole by the collar, and they both grasped their swords. Mrs. Selwyn shrieked for assistance, and the incensed relatives were parted; but they never could be reconciled, and, after making another effort to obtain the dismissal of Newcastle, and to maintain his own position against the overbearing Walpole, Townshend resigned on the 16th of May. He retired to Reynham, and passed the remainder of his life in rural pursuits. One of the greatest benefits which he conferred on this country he conferred after his retirementthat of introducing the turnip from Germany.At length the Sikhs moved on to meet the British on the 18th of December. When they came in sight, the British bugles sounded, and the wearied soldiers, who had been lying on the ground, started up and stood to their arms. The Governor-General and the Commander-in-Chief rode from regiment to regiment, cheering the spirits of their men, and rousing them to the needful pitch of valour by encouraging exhortations. About two miles from Moodkee, Gough, at the head of the advanced guard, found the enemy encamped behind sandy hillocks and jungle, 20,000 strong, with forty guns, which immediately opened fire as he approached. The battlefield was a sandy plain, on which the view was obstructed by small hills, which prevented the belligerents from seeing one another till they were quite near. For some time the contest was maintained on both sides by the artillery. Then General Gough ordered the advance of a column of cavalrythe 3rd Light Dragoons, the 5th Light Cavalry, and the 4th Lancers. The column was launched like an immense thunderbolt against a mass of Sikh cavalry, and proved so irresistible in its terrific onset that it broke them up into fragments, scattered them about, and swept along the whole line of the enemy, cutting down the gunners, and suspending for a time the roar of their artillery. Soon afterwards the infantry came into action, led on by Sir Harry Smith, General Gilbert, and Sir John M'Caskill. The Sikhs fought bravely and obstinately at every point; but when the steady incessant fire of the artillery had done its work, a general charge was made, with loud, exultant cheers, and the enemy were driven from their ground with tremendous loss. The day had closed upon the battlefield, but the routed enemy were pursued for a mile and a half by the light of the stars.
BATTLE OF NAVARINO: THE "ASIA" ENGAGING THE SHIPS OF THE CAPITAN BEY AND MOHURREM BEY. (See p. 262.)[See larger version]Mr. Canning, who had been on terms of intimacy with her Majesty, declined to take any part in the proceedings, declaring that nothing would induce him to do anything calculated to reflect upon the honour and virtue of the queen. The queen intimated to the Lord Chancellor that she meant to come in person to the House of Lords when her case should next be discussed there. He answered that he would not permit her to enter without the authority of the House, for which she must previously apply. She then desired that he would deliver a message to the House in her name, which he declined, stating that "the House did not receive messages from anybody but the king, unless they were sent as answers to Addresses from the House." The petition was presented by Lord Dacre, on which occasion the Lord Chancellor declared that he had no objection to its being submitted to the consideration of the House, adding that "he would sooner suffer death than admit any abatement of the principle that a person accused is not therefore to be considered guilty." Mr. Brougham and Mr. Denman were then called in to support the petition, which prayed that their lordships would not prosecute a secret inquiry against her. The powerful pleading of these two orators had an immense effect upon the public mind. On the following day Lord Grey moved that the order for the appointment of a secret committee should be discharged. His motion was negatived by a majority of one hundred and two to forty-seven. This was the first division on the proceedings against the queen, and so large a majority naturally gave great confidence to the Government. The secret committee accordingly set to work, opened the green bag, and examined the charges. On the 4th of July they brought in their report, which stated "that allegations supported by the concurrent testimony of a great number of persons in various situations of life, and residing in different parts of Europe, appeared to be calculated so deeply to affect the character of the queen, the dignity of the Crown, and the moral feeling and honour of the country, that it was indispensable that they should become the subject of a solemn inquiry, which would best be effected in the course of a legislative proceeding." On the 5th Lord Liverpool introduced the Bill of Pains and Penalties against her Majesty, which, having recited in the preamble that she carried on an adulterous intercourse with Bergami, her menial servant, enacted "that she should be degraded from her station and title of queen, and that her marriage with the king should be dissolved." Counsel were again heard against that mode of proceeding, a second reading was set down for the 17th of August, when the preamble was to be proved, and the trial to begin.[See larger version]These resolutions being carried, it then became a question whether the prince would accept this restricted regency. Burke had warned the House that perhaps, after all, the prince would not accept such a shadow of his own natural powers, and he warned them likewise that the British Parliament might find itself electing the prince as regent, whilst the Irish Parliament was nominating him as by right. But it would appear that the Whigs were so anxious to seize on office, even under such cramping restrictions, and to see Pitt dethroned, that they advised the prince to accept. A joint committee of Lords and Commons waited on him on the 30th of January, the anniversary of the execution of Charles I., and another joint-committee the same day waited on the queen, and the next day their answers, accepting their respective offices, were communicated to Parliament. The prince, indeed, qualified his acceptance by declaring that he did it only as a temporary arrangement, and in the hope, notwithstanding the peculiar and unprecedented circumstances, of preserving the interests of the king, the crown, and the people.But matters had greatly changed at Calcutta before this. Maclean did not present the letter of resignation till October, 1776; but, in September of that year, Colonel Monson had died, and, the members in the Council being now equal, the Governor-General's casting vote restored to him his lost majority. Hastings was not the man to defer for a moment the exercise of his authority. He began instantly to overturn, in spite of their most violent efforts, the measures of Francis and friends. He dismissed Goordas from the chief authority in Oude, and reinstated his "dear friend, Nat Middleton," as he familiarly termed him. He revived his land revenue system, and was planning new and powerful alliances with native princes, especially with the Nabob of Oude, and the Nizam of the Deccan, not omitting to cast a glance at the power of the Sikhs, whose dangerous ascendency he already foresaw. In the midst of these and other grand plans for the augmentation of British power in Indiaplans afterwards carried out by othershe was suddenly astounded by the arrival of a packet in June, 1777, containing the news of his resignation, and of its acceptance by the Directors. He at once protested that it was invalid, as he had countermanded the resignation before its presentation; but General Clavering, as next in succession, at once claimed the office of Governor-General, and Francis, in Council, administered the oath to him. Clavering immediately demanded the keys of the fort and the treasury from Hastings; but that gentleman refused to admit his own resignation, much less Clavering's election to his post. Here, then, were two would-be Governor-Generals, as Europe had formerly seen two conflicting Popes. To end the difficulty, Hastings proposed that the decision of the question should be referred to the Supreme Court. It is wonderful that Clavering and Francis should have consented to this, seeing that Impey, Hastings' friend, and the judge of Nuncomar, was at the head of that Court; but it was done, and the Court decided in Hastings' favour. No sooner was Hastings thus secured, than he charged Clavering with having forfeited both his place in the Council, and his post as Commander-in-Chief of the Forces, by attempting to seize on the Governor-Generalship. Clavering and Francis were compelled to appeal once more to the Supreme Court, and this time, to his honour, Impey decided in favour of Clavering. Clavering, who had been deeply mortified by his defeat, died a few days after this occurred, in August, 1777. By this event the authority of Hastings in the government was sufficiently restored, notwithstanding that Wheler generally sided with Francis, for him to carry his own aims.
路见不平Eason吼
