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
The House of Commons promptly passed a series of resolutions declaring
"John Aislabie, Esquire, a Member of this House, then Chancellor of the
Exchequer and one of the Commissioners of his Majesty's Treasury," guilty
of "most notorious, dangerous, and infamous corruption," and ordering his
expulsion from the House and his committal as a prisoner to the Tower.
This resolution was carried without a dissentient word. The House of
Commons went on next to consider that part of the report which applied to
Lord Sunderland, and a motion was made declaring that "after the
proposals of the South Sea Company were accepted by this House, and a
bill ordered to be brought in thereupon, and before such bill passed,
50,000 pounds of the capital stock of the South Sea Company was taken in
by Robert Knight, late cashier of the said Company, for the use and upon
the account of diaries, Earl of Sunderland, a Lord of Parliament and
First Commissioner of the Treasury, without any valuable consideration
paid, or sufficient security given, for payment for or acceptance of the
same."
Sunderland had too many friends, however, and too much influence to be
dealt with as if he were Aislabie. A fierce debate sprang up. The
evidence against him was not by any means so clear as in the case of
Aislabie. There was room for a doubt as to Sunderland's personal
knowledge of all that had been done in his name. His influence and power
secured him the full benefit of the doubt. The motion implicating him
was rejected by a majority of 233 votes against 172, "which, however,"
{200} says a contemporary account, "occasioned various reasonings and
reflections." Charles Stanhope, too, was lucky enough to get off, on a
division, by a very narrow majority.
[Sidenote: 1721--An interview with James Stuart]
A letter from an English traveller at Rome to his father, bearing date
May 6, 1721, and privately printed this year (1884) for the first time,
under the auspices of the Clarendon Society of Edinburgh, gives an
interesting account of the reception of the writer, an English
Protestant, by James Stuart and his wife. That part of the letter which
is of present interest to us tells of the remarks made by James on the
subject of the South Sea catastrophe. James spoke of the investigations
of the secret committee, from which he had no great hopes; for, he said,
the authors of the calamity "would find means to be above the common
course of justice." "Some may imagine," continued he, "that these
calamities are not displeasing to me, because they may in some measure
turn to my advantage. I renounce all such unworthy thoughts. The love
of my country is the first principle of my worldly wishes, and my heart
bleeds to see so brave and honest a people distressed and misled by a few
wicked men, and plunged into miseries almost irretrievable."
"Thereupon," says the writer of the letter, "he rose briskly from his
chair, and expressed his concern with fire in his eyes."
Public-domain text, read in full here on John Shaqi.
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