THREE:Reports that the king was rapidly recovering now began to fly about Court, daily gaining strength. The Whigs, impatient to seize on office, were in a state of strange excitement; but to go in with the prospect of being immediately dismissed by the king, did not accord with the dignity of the leaders. On the other hand, there were so many good things to be given awayone or two bishoprics, the office of Chief Justice in Eyre, sundry commissions of Major-General, besides expectations of promotions to the rank of Field-Marshalthat the dependents of the party grew impatient. Neither the Whigs nor Pitt knew well what to do. The Lords did not commit the Bill till the 17th, when they made two important additions to it, namely, to place all the palaces, parks, houses, and gardens of the king under the control of the queen, and to give her the care of all the royal children under the age of twenty-one. But, at that very crisis, the king was pronounced convalescent. On the 19th, Lord Thurlow announced this, on the certificate of the physicians; and it was declared by him that their lordships could not, in these circumstances, proceed with the Bill, but had better adjourn till Tuesday next. The Duke of York observed that he should most gladly have corroborated the statement of the Lord Chancellor, but could not, having called the day before at Kew, to desire that he might see his father, but had not been permitted. The House, however, adjourned, and on Tuesday, the 24th, Thurlow informed it that he had seen his Majesty, had found him perfectly recovered, and therefore he moved another adjournment to the Monday following, which was agreed to.85
THREE: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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THREE:Undoubtedly, as she said, the American was ugly and unattractive; but the Mexican was pretty and decidedly engaging. Cairness had been too nearly trapped once before to be lured now. He met the piece of brown femininity upon her own ground. "You are quite right, querida mia. She is ugly and old, and you are beautiful and young, and I will take you with me to the States and buy a pink dress with lovely green ribbons, if you will tell me where the old woman is."
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THREE:237274
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