Let us refresh our memory of this surprising delusion. It arose in the reign of Queen Anne, nearly one hundred and eighty years ago, and when we consider the extent of the speculation and gambling which it caused and the number of those who lost everything and who consigned their families to bitter poverty, we are tempted to class it with those other calamities which preceded it and which afflicted England so heavily--the great fire of London and the plague. The South Sea Company claimed to have enormous sources of profit in certain exclusive privileges, obtained from the Spanish Government, for trading in their possessions in South America and Mexico; and it may be well for us in these times of the flotation of schemes for obtaining gold from salt water and from sands, of power from air and something more ethereal than air, to be reminded of the many bubbles that came into existence and burst at the time of the collapse of the South Sea Bubble. The stock of the South Sea Company rose from one hundred to a thousand, and an army of future victims crowded the offices of the company, anxious to invest in what they believed would suddenly enrich them. Indeed, all England seemed to go mad, and the craze of the time is reflected in the writings of Pope and Swift. Pope says: “At length corruption like a general flood Did deluge all; and avarice creeping on, Spread like a low-born mist, and hid the sun. Statesmen and patriots plied alike the stocks, Peeress and butler shared alike the box; And judges jobbed, and bishops bit the town, And mighty dukes packed cards for half a crown; Britain was sunk in lucre’s sordid charms.” The rise of the great bubble was accompanied by the formation of hundreds of minor ones. Among these we will mention a few which are pertinent to the subject of this paper: A wheel for perpetual motion. Capital, one million pounds. For extracting silver from lead. For the transmutation of quicksilver into a malleable fine metal. Puckles Machine Company, for discharging round and square cannon balls and bullets, and making a total revolution in “the art of war.” For carrying on an undertaking of great advantage, “but nobody to know what it is.” It is estimated that the proposed capital for floating these and similar schemes was three hundred million pounds. We find, in the annals of the time, that the Duchess of Marlborough persuaded her husband, John Churchill, the great general, not to increase his holdings, and to sell his shares; he, like a sensible man, took a sensible woman’s advice and made one hundred thousand pounds. When we come to speak of the connection of women with modern delusions, we must remember this act of one of their sex.