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ONE:The spring of 1720 was a period of remarkable national prosperity. But "the grand money schemes projected of late," which appeared to the Jacobite Atterbury and others calculated to cement the royal peace and strengthen the foundation[46] of the Government and nation, were destined to produce a very different effect. For the South Sea Bubble was about to burst. In 1711, Harley, being at his wits' end to maintain the public credit, established a fund to provide for the National Debt, which amounted to ten millions of pounds. To defray the interest he made permanent the duties on wine, vinegar, and tobacco, etc. To induce the purchase of the Government stock, he gave to the shareholders the exclusive privilege of trading to the Spanish settlements in South America, and procured them an Act of Parliament and a royal charter, under the name of the South Sea Company. The idea, hollow and groundless as it was, seized on the imagination of the most staid and experienced traders. All the dreams of boundless gold which haunted the heads of the followers of Drake and Raleigh were revived. The mania spread through the nation, and was industriously encouraged by the partisans of Harley. But this stupendous dream of wealth was based on the promises of Ministers, who at the Peace of Utrecht were to secure from the Government of Spain this right to trade to its colonies. The right was never granted by that haughty and jealous Power, further than for the settlement of some few factories, and the sending of one small ship annually of less than five hundred tons. This, and the Assiento, or privilege of supplying those colonies with African slaves, were the sole advantages obtained, and these were soon disturbed by the war with Spain, which broke out under Alberoni. The South Sea Company, however, from its general resources, remained a flourishing corporation, and was deemed the rival of the Bank of England.

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THREE:The arrival, anchoring and debarkation of its people by the yacht allowed him to meet and to reassure Mrs. Everdail and Captain Parks.

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TWO:CHAPTER XVII. REIGN OF GEORGE III. (continued).

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Dick rose to meet the man, tall, quiet, and with a smile of greeting on his face that belied the creases of worry around his eyes.105Coming closer as it dropped lower, the amphibian circled in a tight swing over the fairway several times and finally straightened out, flying toward the wind that came from almost due North on this first cool day after a humid July week, and began to grow smaller to the watchers.The butcheries were not terminated till late at night; but the shouts of victory had, so early as eleven o'clock in the morning, informed the Assembly that the people were masters of the[404] Tuileries. Numbers of the insurrectionists had appeared at the Assembly from time to time, crying, "Vive la Nation!" and the members replied with the same cry. A deputation appeared from the H?tel de Ville, demanding that a decree of dethronement should be immediately passed, and the Assembly so far complied as to pass a decree, drawn up by that very Vergniaud who had assured the king that the Assembly was prepared to stand to the death for the defence of the constituted authorities. This decree suspended the royal authority, appointed a governor for the Dauphin, stopped the payment of the Civil List, but agreed to a certain allowance to the royal family during the suspension, and set apart the Luxembourg for their residence. The Luxembourg Palace being reported full of cellars and subterranean vaults and difficult of defence, the Temple, a miserable dilapidated old abbey, was substituted, and the royal family were conveyed thither.The names and prices of all the purchased members of the Irish Parliament were preserved in the Irish Black and Red lists. A selection of a few of them will interest the reader:
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