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Larry, staying at the old estate home with Jeff, had some compensation, at least, for being separated from his chums. Not only could he keep an eye on things and be ready if Jeff called for an aide; as well, he had his daily instruction in ground school and in the air.

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How did you find out?With Spain the prospect of war became every day more imminent. Stanhope quitted that country, and the Spanish Government ordered the seizure of the Prince Frederick, a ship belonging to the South Sea Company. Twenty thousand men were assembled and sent against Gibraltar. All attempts on the great fortress were as useless as former ones had been. The English regarded the attack with even an air of indifference, whilst their guns, sickness, and desertion, were fast cutting off the besiegers. In four months the investing army, being reduced to half its number, drew off with this empty but destructive result.
ONE:183The year 1797 was opened by the suspension of cash payments. The Bank of England had repeatedly represented to Pitt, as Chancellor of the Exchequer, that his enormous demands upon it for specie, as well as paper money, had nearly exhausted its coffers and could not long be continued. The payment of our armies abroad, and the advances to foreign kings, were necessarily made[455] in cash. The Government, in spite of enormous taxation, had already overdrawn its account eleven million six hundred and sixty-eight thousand eight hundred pounds, and the sole balance in the hands of the Bank was reduced to three million eight hundred and twenty-six thousand eight hundred and ninety pounds. Pitt was demanding a fresh loan for Ireland, when a message came from the Bank to say that, in existing circumstances, it could not be complied with. Thus suddenly pulled up, the Privy Council was summoned, and it was concluded to issue an order for stopping all further issue of cash, except to the Government, and except one hundred thousand pounds for the accommodation of private bankers and traders. Paper money was made a legal tender to all other parties, and the Bank was empowered to issue small notes for the accommodation of the public instead of guineas. A Bill was passed for the purpose, and that it might not be considered more than a temporary measure, it was made operative only till June; but it was renewed from time to time by fresh Acts of Parliament. The system was not abolished again till 1819, when Sir Robert Peel brought in his Bill for the resumption of cash payments, and during the whole of that time the depreciation of paper money was comparatively slight.
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"I guess not," said Landor, tolerantly, as he turned[Pg 106] his horse over to his orderly; "but, anyway," he added to Ellton, "we had a picnicof a sort."Sandy! Sandy! Dick cried as loudly as he could. Theyve done a sharp turntheyre going back home I think!"She will shrink, I guess, at first," he admitted. "Women who ain't seen much of life kind of think they ought to draw aside their skirts, and all that. They were taught copy-book morals about touching pitch, I reckon,"he was wise concerning women now"and it takes a good deal of hard experience to teach them that it ain't so. But she'll take my word for it."
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