A History of England, Period III. Constitutional MonarchyBright, J. Franck (James Franck)
History
A History of England, Period III. Constitutional Monarchy
Bright, J. Franck (James Franck)
Great Britain -- History
These measures are due exclusively to Walpole, the one man specially
fitted from his financial abilities to deal with the present crisis, and
in whose favour it was remembered that he had been out of office when
the plan was set on foot. The official inquiries into the circumstances
of the South Sea Scheme left him indeed in a position of undisputed
supremacy in the House. Several members of the Government were
implicated in the frauds of the Company; Aislabie, the Chancellor of the
Exchequer, was found guilty and expelled the House. The younger Craggs
died of smallpox before the inquiry was completed, and his father
committed suicide. Charles Stanhope was acquitted by a majority of three
only, and although Sunderland was declared innocent by a large majority,
public opinion was so strong against him that he had to leave the
ministry. In the following year he died. During the angry debates which
arose on these matters Lord Stanhope had been attacked with virulence by
the Duke of Wharton, and the anger which he had felt had been such as to
cause a rush of blood to the head, of which he died shortly before his
relative Charles Stanhope was acquitted. There remained no possible
rival to Walpole, who with his brother-in-law Townshend returned to
power as First Lord of the Treasury. Thus, when the new Parliament
assembled, he found himself absolute master of the field, at the head of
an unbroken Whig party, supported by an overwhelming majority, and for
twenty years maintained his position, to the immense advantage of
England and to the lasting security of the reigning house.
[Sidenote: Revival of Jacobite hopes.]
[Sidenote: Bishop Atterbury's plot.]
Public-domain text, read in full here on John Shaqi.
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