Caroline the Illustrious, vol. 1 (of 2) : $b Queen-Consort of George II. and sometime Queen-Regent; a study of her life and timeWilkins, W. H. (William Henry)
History
Caroline the Illustrious, vol. 1 (of 2) : $b Queen-Consort of George II. and sometime Queen-Regent; a study of her life and time
Wilkins, W. H. (William Henry)
Caroline, Queen, consort of George II, King of Great Britain, 1683-1737
Though a few persons had managed to amass large fortunes by selling
out in time--Walpole was one of them, selling out at 1,000--thousands
of families were reduced to utter beggary, and thousands more within
measurable distance of it. A great cry of rage and resentment went up
all over the country, and this cry was raised not only against the
South Sea directors, but against the Government, the Prince of Wales,
and even the King himself. There was a very general feeling that some
one ought to be hanged, and public indignation was directed chiefly
against the heads of the Treasury, the South Sea directors, and the
German Ministers and mistresses, who were suspected of having been
bribed with large sums to recommend the project. So threatening was
the outlook against them that the Hanoverian following, at least that
part of it which the King had left behind in England, were in a great
panic, and in their fright gave utterance to the wildest schemes. One
suggested to the Prince of Wales the resignation of the Royal Family,
and flight to Hanover; another that it would be well to bribe the army,
and proclaim an absolute power; and yet another advised the Government
to apply to the Emperor for foreign troops. But such mad plans, though
proposed, were never seriously considered by the English Ministers,
who, at their wits’ end what to do next, sent to the King at Hanover
urging his immediate return. George landed at Margate on November 9th,
but so far from his presence having any effect on the falling credit of
the South Sea funds, they dropped to 135 soon after.
Parliament met on December 8th thirsting for vengeance. It was thought
that the South Sea directors could not be reached by any known laws,
but “extraordinary crimes,” one member of Parliament declared, “called
for extraordinary remedies,” and this was the temper of the House of
Commons. A Secret Committee was appointed to inquire into the affairs
of the South Sea Company, and while this committee was sitting a
violent debate took place in the House of Lords, when the Duke of
Wharton, the ex-president of the Hell-Fire Club, vehemently denounced
the Ministry, and hinted that Lord Stanhope, the Prime Minister, was
the origin of all this trouble, and had fomented the dissension between
the King and the Prince of Wales. He drew a parallel between him and
Sejanus, who made a division in the Imperial family, and rendered the
reign of Tiberius hateful to the Romans. Stanhope rose in a passion
of anger to reply, but after he had spoken a little time he became so
excited that he fell down in a fit. He was relieved by bleeding, and
carried home, but he died the next day. He was the first victim, and
the greatest, of the South Sea disclosures.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account