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Before the close of April a great commercial crisis had taken place in England, and Ministers were compelled to make a new issue, by consent of Parliament, of five millions of Exchequer Bills, to assist merchants and manufacturers, under proper security. The sudden expansion of industry which was met by an undue increase of the paper currency rather than bullion, combined[417] with reckless banking, produced the crisis. It was calculated that out of the 350 provincial banks 100 failed. In the circumstances the issue of Exchange Bills was a most successful makeshift.

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A commission was then moved for, under the Great Seal, by Lord Camden, and in this commission were included the names of the Prince of Wales, the Dukes of York, Gloucester, and Cumberland. These royal personages, however, declined to be named in it. With these remarkable omissions, Camden's motion was passed, and the result was communicated to the Commons, on which Pitt, on the 2nd of February, moved for the concurrence of that House. This again brought up the question of the prince's right. Lord North, who, though now blind, had mixed in these debates with his usual moderation, and with a great display of good sense, based on official experience, expressed his pleasure that the prince had condescended to accept the regency, notwithstanding its limitations. This prudence, he observed, had given the country an agreeable surprise, considering the temptations to stand upon his right, which must have produced inconceivable embarrassments. Pitt could not resist the impulse to arise and again deny the right, and observe that he believed those who had advocated that right were now really ashamed of it. This immediately called up Burke, for Fox was ill, and away at Bath, and he exclaimed, "I assert that the Prince of Wales's right is clear as the sun, and that it is the duty of the House to appoint him regent, with the full powers of sovereignty." He asserted with equal warmth, that Ministers were about to purloin the Great Seal, and commit an act of forgery. A stormy debate followed, in which Burke's violence was met with moderation and dignity.Facing him with a grin was Jeff!
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THREE:Hm-m-m-m! Sandy emitted a long, reflective exclamation.[See larger version]

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THREE:Carteretor Granville, as we must now style him, for he succeeded to the earldom in 1744still retained the favour of the king precisely in the same degree as he had forfeited that of the people and the Parliament, by his unscrupulous support of George's Hanoverian predilections. Elated with the favour of the king, Granville insisted on exercising the same supreme power in the Cabinet which Walpole had done. This drove Pelham and his brother, Newcastle, to inform the king that they or Granville must resign. George, unwilling to part with Granville, yet afraid of offending the Pelham party, and risking their support of the large subsidies which he required for Germany, was in a great strait. He sent for Lord Orford up from Houghton, who attended, though in the extreme agonies of the stone, which, in a few months later, brought him to his end. Walpole, notwithstanding the strong desire of the king to retain Granville, and that also of the Prince of Waleswho on this and all points connected with Hanover agreed with the king, though no one else diddecided that it was absolutely necessary that he should resign; and accordingly, on the 24th of November, Granville sullenly resigned the seals, and they were returned to his predecessor, the Earl of Harrington.

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ONE:"I represent, sir, the citizens of San Tomaso."
FORE:It gave cause for reflection; but an officer was obviously at liberty to talk to whomsoever he might choose around his own premises, at any hour of the day or night. So the officer of the day went on, treading quietly. But he had something to think about now that kept off drowsiness for the rest of the rounds. Brewster's fondness for the society of dubious civilians was certainly unfortunate. And the conjunction of the aspiring beef contractor and the commissary officer was also unfortunate, not to say curious. Because of this. The beef contract was about to expire, and the commandant had advertised for bids. A number of ranchers had already turned their papers in. Furnishing the government's soldiers with meat is never an empty honor.The king, in his speech on opening Parliament, mentioned the fleets which we had dispatched to the West Indies and South America, and his determination to continue those armaments so as to bring Spain to reason. He professed to rely with confidence on our allies, although we had scarcely one left, whilst in the same breath he admitted the no longer doubtful hostility of France[74] at the very moment that our only allynamely, Austriawas calling on us for assistance, instead of being able to yield us any, should we need it. On the proposal of the address, the Opposition proceeded to condemn the whole management of the war. The Duke of Argyll led the way, and was followed by Chesterfield, Carteret, Bathurst, and others, in a strain of extreme virulence against Walpole, calling him a Minister who for almost twenty years had been demonstrating that he had neither wisdom nor conduct. In the Commons Wyndham was no longer living to carry on the Opposition warfare, but Pitt and Lyttelton more than supplied his place.

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FORE:The campaign against the French was opened in February by Prince Ferdinand of Brunswick attacking the Duke de Broglie, and driving him out of Cassel. Prince Ferdinand followed up this advantage by attacking them in Marburg and G?ttingen, and applied himself particularly to the siege of Cassel. But Broglie, now recovered from his surprise, first defeated the hereditary Prince of Brunswick, Ferdinand's nephew, at Stangerode, and then repulsed Ferdinand himself from Cassel.

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FORE:"I fail to see why not. You can wound it."

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But the King of France did not share in the feeling of Choiseul. He wrote to the King of Spain about this time, "My Minister wishes for war, but I do not!" In fact, changes had taken place in the Court of France which were about to precipitate Choiseul from his long-enjoyed favour. Madame de Pompadour was dead, and the king had become deeply enamoured of Madame du Barry. Choiseul was impolitic enough to despise her influence, and treated her with undisguised hauteur. He soon felt the consequence in an order from the king to resign his office and retire[203] to his estate at Chanteloupe, in Touraine. The shock to the insolent Minister, who had so long ruled absolutely in the French Court, was the more unlooked for, because he thought himself now all the more safe from having secured the marriage of the king's heir, his eldest grandson, with the Austrian archduchess, Marie Antoinette. Choiseul was succeeded by the triumvirate d'Aiguillon, as Foreign Minister; Terray, as Minister of Finance; and Maupeou, as Minister of Jurisprudence; but all subject to the supreme influence of Madame du Barry. Louis XV. thenceforth became a cipher.[See larger version]Then he saw it. They began to drop swiftly, coming ever closer to the field. And then they set down, safe and unmolested.
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