FORE:Mr. Torres, ditto 3,300
FORE:On the 17th of October the peace between France and Austria was definitively signed at Campo Formio. To France Austria ceded Belgium, the left bank of the Rhine, including Mayence, the Ionian islands, and the Venetian possessions in Albania, both of which really belonged to Venice. Venice itself, and its territory as far as the Adige, with Istria and Venetian Dalmatia on the other side of the Adriatic, were made over to Austria without ceremony. The Milan and Mantuan states were given up by Austria, with Modena, Massa, Carrara; and the papal provinces of Bologna, Ferrara, Ravenna, and the rest of them, as far as the Rubicon, were included in a new so-called Cisalpine Republic belonging to France. Tuscany, Parma, Rome, and Naples were still called Italian, but were as much, Naples excepted, in the power of France as the rest. In fact, except Venetia, which Austria secured, all Italy except Naples was subjected to the French, and the regular process of democratising was going on, in the latter kingdom, for an early seizure.
FORE:THE LANDING OF PRINCE CHARLIE. (See p. 92.)
THREE:The memorable 17th of August arrived, and the curtain was raised on a new act in the great drama, on which the whole nation gazed with the deepest interest, and with feverish anxiety. The queen left her residence in St. James's Square, and proceeded to the House of Lords in her new state carriage, which the people were with difficulty dissuaded from unyoking, that they might draw it themselves. As she passed Carlton House, the crowd gave three cheers, and also at the Treasury. The soldiers on guard at the former place, and at the House of Lords, presented arms when she arrived. The queen's carriage was preceded by Alderman Wood's, and followed by one of her Majesty's travelling carriages, in which were the Hon. Keppel Craven and Sir William Gell, her chamberlains. The way from Charing Cross to Westminster Abbey was crowded, and all the windows of the houses on each side were filled with people, particularly with ladies. Such was the enthusiasm of the people, that the barrier erected at St. Margaret's Church was insufficient to keep them back, and the dense mass forced their way through, and reached Palace Yard shortly after the queen. Sir T. Tyrwhitt, as Gentleman Usher of the Black Rod, attended by the officers of the House, received the queen at the private entrance which had been prepared for her. She entered at the door near the throne, supported by Lord A. Hamilton, and attended by Lady A. Hamilton. She was dressed in white, but wore a black lace shawl. Her demeanour was in the highest degree dignified. On her entrance the peers all rose, and she was pleased to salute them in return.
THREE:Hon. B. Stratford, 7,500, as half compensation for Baltinglass.It was at the close of 1719, when George I. returned from Hanover, that this Company proposed to Ministers to consolidate all the funds into one. It was strange that both Ministers and merchants could be deluded by the hope of enriching themselves by a share of the trade with the Spanish South American provinces, when Spain herself, in full enjoyment of them, was sunk into indigence and weakness, and presented the most determined resistance to the unfettered intercourse of any other nation with them. Yet Sir John Blunt, a leading director of the South Sea Company, persuaded the Ministers that by granting the Company power to deal with the public funds, and especially to buy up the unredeemable annuities which had been granted in the two preceding reigns, chiefly on terms of ninety-nine years, and which now amounted to about eight hundred thousand pounds a year, they could, in twenty-six years, pay off the entire National Debt. But, to enable them to do this, they must be empowered to reduce all the different public securities to one aggregate fund in their hands, to convert both redeemable and unredeemable debts into stock by such arrangements as they could make with the holders, and to have certain commercial privileges vested in them. Ministers accepted the proposals with great alacrity. Aislabie introduced the scheme to Parliament in the month of February, 1720, declaring that, if it was accepted by the House, the prosperity of the nation would be amazingly enhanced, and all its debts liquidated in a very few years. Craggs seconded the proposal in most sanguine terms, expressing his conviction that every member of the House must be ready to adopt so advantageous an offer. Ministers had already closed with the proposals of the Company, and they were themselves greatly disconcerted by the suggestion of Mr. Thomas Brodrick, the member for Stockbridge, who expressed his entire accordance with Ministers, but thought that the nation should endeavour to obtain the best terms for itself by opening the competition to every other company or association of men as well as that in question. Ministers were confounded by this proposal, and Aislabie endeavoured to get out of it by declaring that to do this would be like putting the nation up to auction, and that such things should be done with spirit. But Jekyll interposed, saying it was this spirit which had ruined the nation, and it was now requisite to consider seriously what was best for the public. A violent debate ensued, in which Walpole eloquently recommended open competition, and was sharply replied to by Lechmere. The question was carried in favour of competition; and then the Bank of England, which before had coolly declined to enter into the proposals, suddenly appeared in a new temper, and made liberal offers for the privilege of thus farming the public debts. But the South Sea Company was not to be outdone; it offered seven millions and a half, and the Bank gave way in despair.
