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THREE:[See larger version]

FORE:

TWO:Another expedition was that of Colonel Sebastiani, a Corsican, who was despatched to Egypt, Syria, and other countries of the Levant. Sebastiani reported to Buonaparte that the British were so detested in Egypt that six thousand men would suffice to re-take it; that Buonaparte's name was so venerated that it had procured him the utmost honour everywhere, and especially with Djezzar Pacha, Viceroy of Egypt. He asserted[486] that General Stuart, the British envoy, had endeavoured to excite the Turks to assassinate him. He harangued the natives in the Ionian Isles, and assured them of the protection of Buonaparte, and besides many calumnies against the British officers, he told Napoleon that so hateful was the British rule that both Greeks and Venetians in those islands were ready to rise against them at the first word from France. On the appearance of this base report, our ambassador at Paris made a strong remonstrance; but Napoleon only replied by complaining of the late account of the campaign in Egypt by Sir Robert Wilson, in which he had detailed the butchery of the Turks and Arnauts at Jaffa, and Napoleon's command to poison his own wounded on the retreat from Acre. Through M. Otto, the French envoy in London, Napoleon demanded that statements injurious to his character made by the British press should be stopped by Government, that all French emigrants should be expelled from England, that Georges Cadoudal should be transported to Canada, and such princes of the House of Bourbon as remained there should be advised to repair to Warsaw, where the head of their house now resided. To these peremptory demands the British Government, through Lord Hawkesbury, replied that his Britannic Majesty did not possess the absolute power necessary for these acts, and that whilst the statements charging upon a British Ambassador instigations to murder were published in the Moniteur, the official organ of the French Government, the statements by the British press were protected by the freedom of that press guaranteed in Great Britain, which the king was not disposed to invade, but from which any man, British or foreign, might claim redress by an action at law. To show the First Consul how this might be done, the British Government commenced an action against M. Peltier, a French emigrant, for a libel on Napoleon in a newspaper published by him in London, called the Ambigu. Peltier was found guilty; but this by no means answered Buonaparte's object. He wanted the accounts of his darkest actions suppressed by a power above the law, not thus made more public by the action of the law. As Sir Walter Scott has observed, he wanted darkness, and the British Government gave him light.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.

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