A History of the Four Georges, Volume IMcCarthy, Justin
History
A History of the Four Georges, Volume I
McCarthy, Justin
Great Britain -- History -- 1714-1837; Great Britain -- Politics and government -- 1714-1837
Some idea of the wide-spread nature of the disaster which was inflicted
by the wreck of the Company may be formed from a rapid glance at some of
the petitions for redress and relief which were presented to the House of
Commons. We find among them petitions from the counties of Hertford,
Dorset, Essex, Buckingham, Derby; the cities of Bristol, Exeter, Lincoln;
the boroughs of Oakhampton, Amersham, Bedford, Chipping Wycombe, {195}
Abingdon, Sudbury, East Retford, Evesham, Newark-upon-Trent, Newbury, and
many other places. We have purposely omitted to take account of any of
the London communities. The wildest excitement prevailed; and it is
characteristic of the time to note that the national calamity--for it was
no less--aroused fresh hopes in the minds of the Jacobites. Such a
calamity, such a scandal, it was thought, could not but bring shame and
ruin upon the Whig ministers, and through them discredit on the Sovereign
and the Court. It was believed, it was hoped, that Sunderland would be
found to be implicated in the swindle. Why should not such a crisis,
such a humiliation to the Whigs, be the occasion of a new and a more
successful attempt on the part of the Jacobites? The King was again in
Hanover. He was summoned home in hot haste. On December 8, 1720, the
two Houses of Parliament were assembled to hear the reading of the Royal
speech proroguing the session; and in the speech the King was made to
express his concern "for the unhappy turn of affairs which has so much
affected the public credit at home," and to recommend most earnestly to
the House of Commons "that you consider of the most effectual and speedy
methods to restore the national credit, and fix it upon a lasting
foundation." "You will, I doubt not," the speech went on to say, "be
assisted in so commendable and necessary a work by every man that loves
his country." A week or so before the Royal speech was read, on November
30, 1720, Charles Edward, eldest son of James Stuart, was born at Rome.
The undaunted mettle of Atterbury came into fresh and vigorous activity
with the birth of the Stuart heir, and the apparently imminent ruin of
the Whig ministers.
Public-domain text, read in full here on John Shaqi.
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