THREE:The South Sea Company, with a folly of which extreme greed only is capable, endeavoured to put down these rival schemes and obtained an order from the Lords Justices and writs of scire facias against several of these new bubbles. It was like raising a wind to blow away the bubbles, forgetting that their own was a bubble too, and would go with them. The moment that the people began to distrust one they distrusted all. The panic became as great as the mania had been. The South Sea stock dropped in less than a month from one thousand to below six hundred. There was a simultaneous rush to sell out, and the shares must have sunk instantly to nil but for the gigantic exertions of the Company to raise money and buy in. The relief, however, was but temporary. The bankers and pawnbrokers who had advanced money on scrip broke and fled; merchants, goldsmiths, and speculators rushed away after them. Walpole was summoned in haste from Haughton to devise some means of staying the panic. He endeavoured to get the Bank of England to circulate three millions of South Sea bonds for a year; but the Bank, seeing that the case was desperate, declined it. This was decisive. The rage and despair of the swarming dupes were indescribable. They heaped[48] execrations not only on the South Sea Company, but on Ministers, the king, his mistresses, and the Royal Family, who had all been deep in the affair, and who had taken good care of themselves. George landed at Margate on the 9th of November, soon after which the South Sea stock fell to one hundred and thirty-five. On the 8th of December Parliament met, and promptly began to investigate the scandal.
19 August 2015, John Doe
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THREE:QUATRE BRAS.NIAGARA FALLS.
THREE:On the 19th Collingwood signalled Nelson that the French fleet was coming out of Cadiz. On the morning of the 21st, when the British fleet lay about seven leagues north-west of Cape Trafalgar, the hostile fleet was discovered about seven miles to the eastward. Nelson ordered the fleet to bear down on the enemy. As Villeneuve approached, he veered so as to bring Cadiz under his lee, and thus secure a retreat into it. This compelled Nelson to shift his course a little more northward. Villeneuve had preconcerted a plan of action which he boasted would prevent Nelson from cutting his line, as was his custom. He determined to advance in two lines, with each alternate ship about a cable's length to the windward of her second ahead and astern, so that his fleet would represent the chequers of a draft-board. This plan, however, did not succeed. Nelson found now the shoals of San Pedro and Trafalgar under the lee of both fleets, and, dreading that he might be carried upon them at the end of the battle, he signalled, from the Victory, for the fleet to anchor at the close of the day. He then told Blackwood that he should not be satisfied unless he took twenty of the enemy's ships, and asked him whether he thought a general signal of action were not wanting. Blackwood replied that he thought the fleet all understood what they were about. But Nelson hoisted on his mizen top-mast his last signal"England expects every Man to do his Duty." It was seen, and responded to with loud hurrahs.
THREE:[474]