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TWO:During this period��from 1769 to 1772��Warren Hastings had been second in the Council[322] at Madras; but in the latter year he was promoted to the head of the Council in Bengal. During this period, too, the British had been brought into hostilities with the Rajah of Tanjore. The history of these proceedings is amongst the very blackest of the innumerable black proceedings of the East India Company. The Rajah of Tanjore was in alliance with the Company. In 1762 they had guaranteed to him the security of his throne; but now their great ally, Mohammed Ali, the Nabob of the Carnatic, called to the English for help against the Rajah. The conduct of honourable men would have been to offer themselves as mediators, and so settle the business; but not by such means was the whole of India to be won from the native princes. The Rajah of the Carnatic offered to purchase the territory of Tanjore from the British for a large sum. The latter, however, had guaranteed the defence of these territories to the Rajah of Tanjore by express treaty. No matter, they closed the bargain with the Rajah of the Carnatic; they agreed to seize Tanjore, and make it over to Mohammed Ali. An army assembled at Trichinopoly on the 12th of September, 1771, invaded Tanjore, seized the Rajah and his family, and invested the whole of Tanjore in the name of the Nabob of the Carnatic.

TWO:[13]

TWO:On the death of Stanhope, Sir Robert Walpole was left without a rival, and he received his commission of First Lord of the Treasury on the 2nd of April, and from this period down to 1742 he continued to direct the government of Great Britain. His chief anxiety now was to restore the public credit. He drew up, as Chairman of the Committee of the Commons, a report of all that had been lost in the late excitements, and of the measures that had been adopted to remedy the costs incurred. Amongst these were the resolutions of the House respecting the seven and a half millions the directors of the South Sea Company had agreed to pay to Government; more than five had been remitted, and we may add that on the clamorous complaints of the Company the remainder was afterwards remitted too. The forfeited estates had been made to clear off a large amount of encumbrance, the credit of the Company's bonds had been maintained, and thirty-three per cent. of the capital paid to the proprietors. Such were the[49] measures adopted by the Commons, and these being stated in the report to the king, a Bill was brought in embodying them all. Many of the proprietors, however, were not satisfied. They were very willing to forget their own folly and greediness, and charge the blame on the Government. On the second reading of Walpole's Bill they thronged the lobby of the House of Commons. The next day the Bill was carried, and gradually produced quiet; but Walpole himself did not escape without severe animadversions. He was accused of having framed his measures in collusion with the Bank, and with a clear eye to his own interest; but he had been strenuously vindicated from the charge, and on the whole the vigour and boldness with which he encountered the storm and quelled it deserve the highest praise, and may well cover a certain amount of self-interest, from which few Ministers are free.