Bank, and a similar amount by the East India Company. The officials of the Company were forbidden to leave the kingdom for twelve months, or to dispose of any of their property or effects. Ultimately various schemes, involving the deepest fraud and villany, were discovered to have been secretly concocted and carried out by the directors; and it was proved that the Earl of Sunderland, the Duchess of Kendal, the Countess Platen and her two nieces, Mr Craggs, M.P., the Company’s secretary, Mr Charles Stanhope, a secretary of the Treasury, and the Sword Blade Company, had been bribed to promote the Company’s bill in Parliament by a present of £170,000 of South Sea stock. The total amount of fictitious stock created for this and similar purposes was £1,260,000, nearly one-half of which had been disposed of. Equally flagrant iniquity in the allocation of shares was discovered, in which, among others, Mr Aislabie, the Chancellor of the Exchequer, was implicated. Of these offenders, Mr Stanhope and the Earl of Sunderland were acquitted through the unworthy partiality of the Parliament; but Mr Aislabie, and the other directors who were members of the House of Commons, were expelled; most of the directors were discovered, and all of them suffered confiscation of their possessions. The chairman was allowed to retain only £5000 out of £183,000, and others in proportion to their share in the fraudulent transactions of the Company. At the end of 1720, it being found that £13,300,000 of real stock belonged to the Company, £8,000,000 of this was taken and divided among the losers, giving them a dividend of 33⅓ per cent.; and by other schemes of adjustment the pressure was so fairly and wisely distributed, that the excitement gradually subsided.” It will thus be seen that the South Sea Bubble was, after all, not more disastrous in its effects than many modern and comparatively unknown speculations. It is singular that the South Sea Bubble led to little--almost nothing--in the way of advertisements. When we think of the columns which now herald the advent of any new company, or for the matter of that, any new idea of an old company, or any fresh specific or article of clothing, it seems strange that at a time when the art of advertising was fast becoming fashionable, no invitations to subscribe were published in any of the daily or weekly papers that then existed. Just before the consent of Parliament was obtained we find one or two stray advertisements certainly, but they have no official status, as may be judged by this, which is from the _Post Boy_, April 2-5, 1720:--