TWO:��Then he must be French, maybe,�� Dick said.

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TWO:

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ONE: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.Charles was anxious to follow up his victory by marching directly into England, trusting to the effect of this signal triumph to bring all inclined to the Stuart dynasty to his standard. He was confident that if he met with anything like success on the way, a rapid march would put London in his possession. And, in truth, such was the miserably misgoverned condition of the country at the time, that, had he come with a tolerable French army, nothing could have prevented him from becoming master of the kingdom. Never was England so thoroughly exposed to foreign danger, so utterly unarmed and unprotected,[98] whilst it had been sending such armaments to the Continent. Fortunately, the French had not supported the Pretender on this occasion, as they had promised, and fortunately, too, when Charles came to review the army with which he proposed to enter England, there remained of it only one thousand four hundred men. The rest had gone home with their booty; nay, some had gone and were returning, not to fight, but to carry off more which they had concealed.

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ONE:Felipa was very thoroughly frightened now. She stood in wholesome awe of her husband, and it was the first time she had ever made him really angry, although frequently he was vaguely irritated by her. She had had no idea the thing would infuriate him so, or she would probably have kept it to herself. And she wished now that she had, as she went back to the couch and sat on the edge of it, dejectedly."We have tea at five," Mrs. Kirby told him, as they finished, and her husband started out to superintend and help with the digging of an acequia.

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In the old, disused house, to which Mr. Whiteside had secured a set of keys for them so they need not hang around the grounds until there was work to be done, they talked in low tones. Sandy believed that Jeff had coaxed his wife to put acid on the gems in the London hotel, as had been done.In the midst of these secret correspondences the queen was seized at Windsor with a serious illness, and, considering the general state of her health, it was most threatening. The hopes of the Jacobites rose wonderfully; the Funds went rapidly down; there was a great run upon the Bank, and the Directors were filled with consternation by a report of an armament being ready in the ports of France to bring over the Pretender at the first news of Anne's decease.[15] They sent to the Lord Treasurer to inform him of the danger which menaced the public credit. The whole of London was in excitement, from a report that the queen was actually dead. The Whigs did not conceal their joy, but were hurrying to and fro, and meeting in large numbers at the Earl of Wharton's. The Lord Treasurer, to keep down the public alarm, remained in town, and contented himself with sending expresses to obtain constant news of the queen's state, for his hurrying to Windsor would have had an inconceivable effect. He, therefore, let himself be seen publicly where he could be questioned regarding the condition of the queen, and gave assurances that she was better. To allay the panic, Anne was induced to sign a letter prepared for her, announcing to Sir Samuel Stancer, the Lord Mayor, that she was now recovering, and would be in town and open Parliament on the 16th of February. This news being confirmed, those who had been too hasty in pulling off their masks found some awkwardness in fitting them on again. The Press was active. Steele published a pamphlet called "The Crisis," in advocacy of the Revolution, and on the danger of a Popish succession; whilst on the other hand came out a reply, supposed to be written by Swift, not without a few touches from Bolingbroke; it was styled "The Public Spirit of the Whigs," and was distinguished by all the sarcasm of the authors. The queen's recovery, and the fact that the French armament was a fiction, quieted the storm and again restored the Funds.

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