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THREE:The army of Lord Cornwallis, which had so triumphantly pursued Washington through the Jerseys, supposing the Americans now put beyond all possibility of action, if not wholly dispersed, lay carelessly in their cantonments on the left bank of the Delaware. The two main outposts, Trenton and Bordentown, were entrusted to bodies of Hessians. At Trenton lay Colonel Rahl, and at Bordentown Count Donop. As the Christmas of 1776 was approaching, they had abandoned all discipline. The British officers, too, had mostly quitted their regiments, and had gone to enjoy the Christmas at New York, where General Howe was keeping up great hospitality, imagining the war to be fast drawing to a close. But if the English paid no attention to Washington, he was paying every attention to them. His plans arranged, he set out on the evening of Christmas day, 1776, and crossed the river at Mackonkey's Ferry, nine miles above Trenton, to attack that fort. The river was so encumbered with ice that he found it a most arduous undertaking, but he accomplished it with the division immediately under his command��two thousand four hundred in number. He continued his march through the night on Trenton, and reached it at about eight o'clock in the morning. A trusted spy had informed him over night, that he had seen the soldiers, both British and Hessians, asleep, steeped in drink. When he arrived, the soldiers still lay sunk in their Christmas debauch; and it was only by the first crash of the cannon that they were roused. When they ran to arms Washington had already invested the town. The brave Colonel Rahl, in his endeavour to form his drunken troops, and lead them on, was mortally wounded by an American rifle, almost at the first discharge. The light horse and a portion of the infantry, who fled on the first alarm, escaped to Bordentown. The main body attempted to retreat by the Princeton Road, but found it already occupied by Colonel Hand and his regiment of Pennsylvanian riflemen. Thus cut off, ignorant of the force opposed to them, and without enthusiasm for the cause, they threw down their arms and surrendered. About a thousand prisoners and six cannon were taken. The Americans had two killed, two frozen to death, and a few wounded. As soon as Washington had refreshed his men, he re-crossed the Delaware, carrying with him his prisoners, the stores he had taken, and the six field-pieces that he brought with him.Walpole, however, continued to oppose the South Sea Bill in the Commons, declaring that the terms were too extravagant ever to be fulfilled; that the experiment could result in nothing but a fearful increase of the costs of stockjobbing, and final confusion and ruin. He insisted that, before the proposals of the Company were accepted,[47] the rise of their stock should be limited, and every means taken to prevent the fever of infatuation that would ensue from the promise of dividends out of funds which could never be realised. He proposed for this purpose the introduction of a clause fixing the number of years' purchase to be granted to the annuitants of the South Sea Company; but to this it was objected that it was the interest of the Company to take up the annuities; and, as the annuitants had the power of coming in or not, as they pleased, the Company would, of course, offer advantageous terms, and, therefore, the whole affair might be safely left to private adjustment. Aislabie added that the South Sea Company would not submit to be controlled in an undertaking they were to pay so dear for. The Bill passed both Houses.