ONE:After tea the ranchers settled down to smoke and read. The Reverend Taylor brought out his collection of specimens and dilated upon them to Cairness.It came to pass in the working out of things that the commandant elected to spend the night before the opening of the bids, in the small town some miles away, where one of the first families was giving a dinner. This left Landor, as next in rank, in temporary command. It had happened often enough before, in one way[Pg 189] or another, but this time the duties of the position seemed to weigh upon him. He was restless and did not care to sleep. He sent Felipa off to bed, and sat watching where her lithe young figure had gone out of the door for some minutes. Then he ran his hand across his mouth contemplatively, stroked his mustache, and finally went out of the house and down to Ellton's quarters.
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ONE:Before Walpole thus threw off the mask of moderationindeed, on the very day of his resignationhe introduced a well-matured scheme for the reduction of the National Debt, which was, in fact, the earliest germ of the National Sinking Fund. Though the ordinary rate of interest had been reduced, by the statute of the 12th of Queen Anne, to five per cent., the interest on the funded debt remained upwards of seven. The Long and Short Annuities were unredeemable, and could not be touched without the consent of the proprietors; but Walpole proposed to borrow six hundred thousand pounds at only four per cent., and to apply all savings to the discharge of the debts contracted before December, 1716. He proposed, also, to make some arrangement with the Bank and the South Sea Company, by which the Bank should lend two millions and a half, and the Company two millions, at five per cent., to pay off such holders of redeemable debts as should refuse to accept an equal reduction.Landor knew that the scouts had come in the afternoon before, and were in camp across the creek; but he had not seen their chief, and he said so.
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FORE:Neither did he dust the hangar, nor lose his straight course as he taxied across the field at an angle to turn, without scraping wings or digging up turf with the tail skid.
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FORE:But though Pitt protested against thanking the king for bringing over Hanoverian troops, he found it necessary to support the king's German treaties and alliances, which were avowedly for the defence of Hanover. Fox reminded him of his favourite phrase, that Hanover was a millstone round the neck of England; but it was not the first time that Pitt had had to stand the taunt of eating his own words, and he braved it out, especially voting two hundred thousand pounds to Frederick of Prussia. A wonderful revolution in Continental politics had now converted this long-hostile nephew of George II. into an ally, if not a friend.