Memoirs of Sarah, Duchess of Marlborough, and of the Court of Queen Anne Vol. 2 (of 2)Thomson, A. T., Mrs.
History
Memoirs of Sarah, Duchess of Marlborough, and of the Court of Queen Anne Vol. 2 (of 2)
Thomson, A. T., Mrs.
Great Britain -- Court and courtiers -- Biography; Marlborough, Sarah Jennings Churchill, Duchess of, 1660-1744
The affair of the South Sea bubble, as it was called, a scheme
designated by Lord Walpole as “weak in its projection, villainous in its
execution, and calamitous in its end,”[281] was, in part, the cause of
the coolness which thus severed Lord Sunderland from the family with
whose interests his own had been so long bound up, and with whom he held
an hereditary alliance of affection, cemented by his happy marriage with
one of its best and purest ornaments. Scheming and ill judging, but not
venal, Lord Sunderland, during the height of the national infatuation,
availed himself of that singular crisis, and made use of the South Sea
bubble only as a political engine, and not to benefit his own
embarrassed fortunes.
The frenzy of this memorable scheme is said to have aided the settlement
of the house of Hanover on the throne, by drawing off the attention of
the people from the delirium of faction, to the almost equally dangerous
mania for speculation.[282] As an aid to his party designs, Lord
Sunderland, weakly, and with shortsighted policy, encouraged its
transient influence. He incurred the deepest displeasure from his
mother-in-law the Duchess; who might, perhaps, have forgiven him his
share in the great imposition, had her family and his lordship’s own
children not have suffered in the general crash. His neglect of the
interests of his children formed one of her greatest grounds of
complaint; yet she received, supported, and educated several of those
children, when, from his lordship’s improvidence and his death, he left
his numerous family to suffer from his embarrassments. Amongst other
debts, he owed ten thousand pounds to the Duke of Marlborough; but his
library, which, says Dr. Coxe, “was only rivalled by that of Lord Oxford
in rarity and extent, was one of the items of his personal property, and
now forms the basis of the noble collection at Blenheim.”
It may appear reasonable to suppose that the Duke and Duchess of
Marlborough, having now tasted of the enjoyments, or endured the
annoyances, of four successive courts, would gladly retire from all such
scenes, thankful to escape to the quiet possession of leisure, and to
the participation of such blessings as were spared to their old age.
Vast riches were superabundantly their portion. Yet even wealth, which
becomes a blessing or a curse according to the quality of that nature to
which it is attached, has its inconveniences; and the immense
accumulation of ready money appears to have caused the Duke considerable
embarrassment.
“I beg pardon for troubling you with this,” he wrote about this time, to
a friend, “but I am in a very odd distress—too much ready money. I have
now one hundred thousand pounds dead, and shall have fifty more next
week; if you can employ it in any way, it will be a very great favour to
me.”[283]
Public-domain text, read in full here on John Shaqi.
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