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TWO: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.But she sat up suddenly, with one of her quick movements of conscious strength and perfect control over every muscle, clasped her hands about her knees, and went on. "It was very curious," and there came on her face the watchful, alert, wild look, with the narrowing of the eyes. "It was very curious, I could not[Pg 84] have stayed indoors that night if it had cost me my life��and it very nearly did, too. I had to get out. So I took my revolver and my knife, and I went the back way, down to the river. While I was standing on the bank and thinking about going home, an Indian stole out on me. I had an awful struggle. First I shot. I aimed at his forehead, but the bullet struck his shoulder; and then I fought with the knife. As soon as I could slip out of his grasp, I went at him and drove him off. But I didn't know how badly he was hurt until the next day. The shot had roused them up here, and they went down to the river and found him bleeding on the sand.

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