Agnes Strickland's Queens of England, Vol. 3. (of 3): Abridged and Fully IllustratedStrickland, Agnes
History
Agnes Strickland's Queens of England, Vol. 3. (of 3): Abridged and Fully Illustrated
Strickland, Agnes
Queens -- Great Britain -- Biography
[[A.D. 1720.]] One of the most remarkable circumstances of the reign of
George I. was the formation and bursting of a gigantic speculation known
as the South-Sea Company, that being the name of the organization by
which the scheme was manipulated. As in all such cases, a few people
realized immense fortunes by the sudden rise of the stock,--that is,
those who were in the secret of the plot and knew when to sell. In a few
months thousands of victims were reduced to a deplorable state of misery
and ruin by the decline of the stock, which, was much more rapid than
the rise had been.
The king was in Germany when this catastrophe happened; but he was
summoned to England to discuss with {058}his ministers some means for
quelling the disturbance it had caused. A committee from the House of
Commons was appointed to investigate the affair. They pronounced it
the most villanous fraud that had ever been contrived for the ruin of
a nation. Many members of parliament were implicated in the disastrous
affair, and the profits of the South-Sea Company were found to amount
to thirteen millions of pounds. It was many years before the country
recovered from the dreadful effects of this unparalleled swindle.
It was not only the officials who cheated; this propensity extended to
the menials also. Once a Hanoverian cook complained in person to the
king that all his assistants helped themselves so freely they left him
no chance whatever. He was honest, he declared, but such was not the
case with any other servant in the royal household. "Embezzlement is
rife in the kitchen in despite all I can do," he said. "When the dishes
are brought from your majesty's table, one steals a fowl, another a pig,
a third a joint of meat, another a pie, and so on till there is nothing
left." George, who saw that the trouble lay in the fact of there being
nothing left to steal, answered, "I can put up with these things; and my
advice to you is, to go and steal like the rest, and to remember to take
enough." This was very bad advice, for the fellow became an accomplished
thief, though probably if he had not inclined in that direction he would
not have taken his master at his word.
[[A.D. 1726.]] And now we have only to record the death of the poor
prisoner of Ahlden, after a captivity of more than thirty years. She
had been ill for a long time, and became worse as the hopes she had
entertained of escape gradually grew fainter. Through the long weary
years she had been a model of patience, mildness, and dignity, and she
died asserting her innocence, commending {059}herself to God, mentioning
her children with tenderness, and pardoning her oppressors.
Public-domain text, read in full here on John Shaqi.
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