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FORE:Yet, in the midst of her little triumph, Felipa fell ill, failing without apparent cause, and then the uneasiness that had only slept in Landor for eighteen months came awake again. He did not believe when the doctors told him that it was the lassitude of the moist, warm springtime which was making the gray circles about her eyes, the listlessness of her movements.

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FORE: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.If Grenville and his Cabinet, in their ignorance of human nature, had made a gross mistake in their conduct towards Wilkes, they now made a more fatal one in regard to our American colonies. These colonies had now assumed an air of great importance, and were rapidly rising in population and wealth. The expulsion of the French from Canada, Nova Scotia, and Cape Breton, the settlement of Georgia by General Oglethorpe, the acquisition of Florida from Spain, had given a compactness and strength to these vast colonies, which promised a still more accelerated and prosperous growth. At this period the inhabitants are calculated to have amounted to two millions of Europeans, and half a million of coloured people, Indians and negroes. The trade was becoming more extensive and valuable to the mother country. The imports from England, chiefly of her manufactures, amounted to three million pounds annually in value. They carried on a large trade with our West Indian islands and the Spanish American colonies, and French and Dutch West Indies. They also built ships for the French and Spaniards, in the West Indies. They had extensive iron and copper mines and works in different states. They manufactured great quantities of hats in New England. The fisheries of Massachusetts produced two hundred and thirty thousand quintals of dried fish, which they exported to Spain and Portugal, and other Catholic countries of Europe. Carolina exported its rice to these countries as well as to England; and they exported vast quantities of cured provisions, dye-woods, apples, wax, leather, tobacco from Virginia and Maryland (fifty thousand hogsheads annually to England alone) valued at three hundred and seventy-five thousand pounds. The masts from New England, sent over for the British navy, were the largest in the world.

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