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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ONE:In 1828, when the Duke of Cumberland became Grand Master, he issued a commission to his "trusty, well-beloved, and right worshipful brother, Lieutenant-Colonel Fairman," whom he had chosen from a knowledge of his experience and a confidence in his integrity. This commission was signed as follows: "Given under my seal at St. James's, this 13th day of August, 1828. Ernest G. M." In the fulfilment of his commission, Colonel Fairman went to Dublin, in order to bring the Irish and English lodges into one uniform system of secret signs and passwords. He also made two extensive tours in England and Scotland, for the purpose of extending the system through the large towns and populous districts. From letters written by Colonel Fairman at various dates, we gather that he hoped to strike the foe with awe by assuming an attitude of boldness; that they had inculcated the doctrine of passive obedience and non-resistance "too religiously by far;" that Lords Kenyon, Londonderry, Longford, and Cole had written about their prospects in the highest spirits; that Lord Wynford and other chiefs denounced the Melbourne Administration to the Duke of Cumberland; that if the duke would make a tour in the country, for which Fairman had prepared the way, he would be idolised; that Lord Kenyon had in two years spent nearer 20,000 than 10,000 on behalf of the good cause; that Lord Roden wrote to him about "our cause;" that they wanted another "sound paper" as well as the Morning Post to advocate the causethe cause, as they professed, of all the friends of Christianity who devoutly cherished the hope of the arrival of a day of reckoning, when certain "hell-hounds would be called upon to pay the full penalty of their cold-blooded tergiversations." It was found that of 381 lodges existing in Great Britain, 30 were in the army, andthe inquiry having been extended to the colonies on the motion of Mr. Humethat lodges had been established among the troops at Bermuda, Gibraltar, Malta, Corfu, New South Wales, Van Diemen's Land, and the North American colonies. The Bishop of Salisbury was Lord Prelate and Grand Chaplain of the order, and there were a number of clergymen of the Church chaplains. No Dissenter in England belonged to the body, though it included many Presbyterians in Ireland, where the members amounted to 175,000, who were ready at any time to take the field.WILLIAM HOGARTH. (After the Portrait begun by Weltdon and finished by himself.)
FORE:
FORE:SCENE IN THE HOUSE OF COMMONS: BREACH BETWEEN BURKE AND FOX. (See p. 379.)The other charges having been voted, on the 25th of April Burke brought up the articles of impeachment. There was a long debate, in which Wilkes, who had completely changed his politics, and had cultivated a friendship with Warren Hastings and his wife, made a very effective speech in his defence. He tried to shift the blame from Hastings to the Company. Pitt again pointed out the fact that honourable members had not been showing the innocence of Hastings, but raising all manner of set-offs for his crimesa course which he had before said he had hoped would have been abandoned; that for his part,[339] without going to the length of all the charges brought forward, he saw sufficient grounds for an impeachment. He could conceive a State compelled by sudden invasion and an unprovided army, to lay violent hands on the property of its subjects, but then such a State must be infamous if it did not, on the first opportunity, make ample satisfaction. But was this the principle on which Mr. Hastings had acted? No; he neither avowed the necessity nor the exaction. He made criminal charges, and, under colour of them, levied immoderate penalties, which, if he had a right to take them at all, he would be highly criminal in taking in such a shape; but which, having no right to take, the mode of taking rendered much more heinous and culpable.
FORE:Whilst these proceedings were in agitation, the Tory and Jacobite party, which had at the king's accession appeared stunned, now recovering spirit, began to foment discontent and sedition in the public mind. They got the pulpits to work, and the High Church clergy lent themselves heartily to it. The mobs were soon set to pull down the meeting-houses of the Dissenters. Many buildings were destroyed, and many Dissenters insulted. They did not pause there, but they blackened the character of the king, and denied his right to the Crown, whilst the most fascinating pictures were drawn of the youth, and grace, and graciousness of the rightful English prince, who was wandering in exile to make way for the usurper. To such a length did matters go, that the Riot Act, which had been passed in the reign of Mary, and limited to her own reign, which was again revived by Elizabeth, and had never since been called into action, was now made perpetual, and armed with increased power. It provided that if twelve persons should unlawfully assemble to disturb the peace, and any one Justice should think proper to command them by proclamation to disperse, and should they, in contempt of his orders, continue together for one hour, their assembling should be felony without benefit of clergy. A subsequent clause was added, by which pulling down chapels or houses, even before proclamation, was made subject to the same penalties. Such is the Act in force at this day.
FORE:Parliament again met for a few days, but only to vote Addresses of condolence and congratulation, as a dissolution had been determined on. The Marquis of Lansdowne pointed out that there was not the usual reason for a dissolution which occurred upon a demise of the Crown; but Lord Eldon explained that, at common law, the Parliament died with the Sovereign in whose name it was called; and although, by the statute of William III., it could sit six months longer, it was liable to be dissolved sooner; and constitutionally it ought to be dissolved as soon as public business would allow; so that noble lords who started any business to delay the dissolution would be obstructing the due exercise of the Royal Prerogative. He, as Lord Commissioner, therefore, concluded the Session by delivering the Royal Speech, which deplored the loss of a Sovereign, the common father of all his people, and praised the prudence and firmness with which the Lords and Commons had counteracted the designs of the disaffected.
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