THREE: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:Skibbereen was described as "one mass of famine, disease, and death; the poor rapidly sinking under fever, dysentery, and starvation." There, as early as the first week in February, 1847, there was constant use for a coffin with movable sides, in which the dead were borne to the grave, and there dropped into their last resting-place. On the whole, the resignation of this stricken people was something wonderful. Outrage was rare, and the violations of the rights of property were not at all so numerous as might have been expected from persons rendered desperate by hunger; and where such things occurred, the depredators were not those who suffered the severest distress. But as the famine proceeded in its desolating course, and people became familiar with its horrors, the demoralising effects of which we have read in such visitations were exhibited in Ireland also. Next to the French, the Irish have been remarkable for their attention to the dead, as well as for the strength of their domestic affections. They had a decent pride in having a respectable "wake" and funeral when they lost any member of the family; and however great their privations were, they made an effort to spare something for the last sad tokens of respect for those they loved. But now there was no mourning for the dead, and but little attention paid to the dying. The ancient and deep-rooted custom with regard to funerals was "swept away like chaff before the wind." The funerals were rarely attended by more than three or four relatives or friends. Sometimes the work of burial was left entirely to persons hired to do it, and in many cases it was not done at all for five or six days after death, and then it was only by threats and rewards that any persons could be got to perform the dangerous duty.But the most remarkable growth of religion was through the instrumentality of the Wesleyan Methodists. These spread over all the country, through town and village, into places where the ministers of the Establishment had fallen into a spiritual sleep from want of rivalry. In Wales they found a great and almost unoccupied field. In Cornwall, where Wesley had been abused and pelted with stones, they became universal, and still continue to astonish the visitor to that county by their extraordinary numbers, almost every Cornish miner being of that sect. Throughout England the spread of Methodism has been a most influential cause of the revival of activity and discipline in the Established Church itself; for it soon became evident that the Church must exert itself, or the body of the people, especially in the country and in manufacturing districts, would be absorbed by the Wesleyan interest.
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THREE:The strong towns and fortresses of Prussia were all surrendered with as much rapidity as the army had been dispersed. They were, for the most part, commanded by imbecile or cowardly old villains; nay, there is every reason to believe that, in many instances, they sold the places to the French, and were paid their traitor fees out of the military chests of the respective fortresses. Whilst these events were so rapidly progressing, Louis Buonaparte, the new King of Holland, with an army of French and Dutch, had overrun, with scarcely any opposition, Westphalia, Hanover, Emden, and East Friesland. The unfortunate King of Prussia, who had seen his kingdom vanish like a dream, had fled to K?nigsberg, where he was defended by the gallant Lestog, and awaited the hoped-for junction of the Russians marching to his aid. Gustavus Adolphus, of Sweden, forgetting the slighted advice which he had offered to Prussia to unite with Austria, opened Stralsund and Riga to the fugitive Prussians.
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THREE:Such a calamity could not but be attended with the most mischievous consequences. Chatham was obliged to leave town, and seek retirement and[192] a purer air at North End, near Hampstead. Townshend, who in a few days would have ceased to be Chancellor of the Exchequer, still retained office, and now showed more freely the wild and erratic character of his genius. He had lost half a million from the revenue by the reduction of the land-tax, and he pledged himself to the House to recover it from the Americans. He declared that he fully agreed with George Grenville, even in the principle of the Stamp Act, and ridiculed the distinction set up by Chatham, and admitted by Franklin, of the difference between internal and external taxation. This was language calculated to fire the already heated minds of the colonists, who, the more they reflected on Chatham's lofty language on the supreme authority of the mother country in the declaratory Act, the more firmly they repudiated it.
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