TWO:Whilst the French had been thus beating the Austrians out of Italy, and thus rendering abortive our new and lavish subsidy to the Emperor, Ministers had been busy in the election of a new Parliament. This new Parliament assembled on the 6th of October, and was full of patriotism. As Hoche's army had not yet sailed, and as nobody seemed to know its destination, Pitt represented that it probably was for the coast of England, and called for the enrolment of fifteen thousand men from the parishes, half of whom were to be sent into the navy, and for sixty thousand militia and twenty thousand more yeomen cavalry, all which were carried. On the 26th of October Windham, as Secretary at War, announced the whole military force of the country at home and abroad, apart from the troops in the East Indies, which were raised and maintained by the Company, to be one hundred and ninety-six thousand men, and he demanded for their payment five million one hundred and ninety thousand pounds. On the 7th of November Pitt opened his Budget, requiring no less than twenty-seven million nine hundred and forty-five thousand pounds for the total expenditure of the year. There was another loan called for of eighteen million pounds, and though the terms were then considered low, such was the spirit of the nation that the amount was subscribed within two days.
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TWO:CHAPTER XXXIV THE EMERALDS ARE FOUND
FORE:"But you have no Jill," she said, smiling at Ellton. His own smile was very strained, but she did not see that, nor the shade of trouble in his nice blue eyes.Then his attention was fixed and his mind became mystified.
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FORE:
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FORE:The South Sea Company, with a folly of which extreme greed only is capable, endeavoured to put down these rival schemes and obtained an order from the Lords Justices and writs of scire facias against several of these new bubbles. It was like raising a wind to blow away the bubbles, forgetting that their own was a bubble too, and would go with them. The moment that the people began to distrust one they distrusted all. The panic became as great as the mania had been. The South Sea stock dropped in less than a month from one thousand to below six hundred. There was a simultaneous rush to sell out, and the shares must have sunk instantly to nil but for the gigantic exertions of the Company to raise money and buy in. The relief, however, was but temporary. The bankers and pawnbrokers who had advanced money on scrip broke and fled; merchants, goldsmiths, and speculators rushed away after them. Walpole was summoned in haste from Haughton to devise some means of staying the panic. He endeavoured to get the Bank of England to circulate three millions of South Sea bonds for a year; but the Bank, seeing that the case was desperate, declined it. This was decisive. The rage and despair of the swarming dupes were indescribable. They heaped[48] execrations not only on the South Sea Company, but on Ministers, the king, his mistresses, and the Royal Family, who had all been deep in the affair, and who had taken good care of themselves. George landed at Margate on the 9th of November, soon after which the South Sea stock fell to one hundred and thirty-five. On the 8th of December Parliament met, and promptly began to investigate the scandal.
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FORE:He got up and went to the window, which was iron-barred, after the Mexican fashion, and stood, with his hands run into his belt, looking down at a row of struggling, scraggly geraniums in tin cans. They were the most disheartening part of the whole disheartening prospect, within or without.
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FORE:PRINCE CHARLIE'S VANGUARD AT MANCHESTER. (See p. 100.)
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FORE:The violent discontent with the conduct of Bute and his Ministry gave considerable strength to the Opposition, at the head of which now stood Pitt, supported by Lord Temple and the Duke of Newcastle. George Grenville, not satisfied with the terms of the peace, resigned the post of Secretary to Halifax, and took his new one at the head of the Admiralty; and Henry Fox, Paymaster of the Forces, became the leader of the Commons. The Duke of Devonshire and the Marquis of Rockingham also resigned their places in the royal household; and the king, in his vexation, striking Devonshire's name out of the list of Privy Councillors, the Duke's kinsmen, Lords George Cavendish and Bessborough, also resigned.
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FORE:Cairness did remember, but he did not see fit to say so.
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FORE:165
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FORE:Boss, I want you to take a look at this-here stuff I brought from your house, said Jeff, drawing a parcel from his pocket.
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