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THREE:All this time "the great Admiral Vernon," as the Opposition delighted to call him, in disparagement of all the commanders favourable to the Government, lay still with his ships and afforded no assistance to the land troops. When Wentworth bitterly complained of this, to show that it was impossible to operate on the town from the harbour, Vernon sent into the inner harbour the Galicia, a Spanish ship which had been taken. This ship kept up a cannonade on the town for several hours, producing little effect, and was fired on from the town with as little. The men were then brought off in boats, the Galicia's cable was cut, and she was suffered to run upon a shoal, where she soon filled. The troops were now hastily re-embarked; the unhealthy season was at its height, and the men were swept away by fever more rapidly than they had been mowed down on land. The heavy rains had set in, and the troops in a few days were reduced to one half their number. Admiral Vernon instead of undertaking any enterprise which might have retrieved the honour of the British arms, set sail from Jamaica with the forces in July, and anchored in the south part of Cuba in a bay, on which he bestowed the appellation of Cumberland Harbour. Here the remains of that fine fleet and army, capable of achieving the most brilliant conquests under able commanders, were suffered to corrode away under the influence of inactivity, the season, bad salted provisions, and excess of rum.The spring of 1720 was a period of remarkable national prosperity. But "the grand money schemes projected of late," which appeared to the Jacobite Atterbury and others calculated to cement the royal peace and strengthen the foundation[46] of the Government and nation, were destined to produce a very different effect. For the South Sea Bubble was about to burst. In 1711, Harley, being at his wits' end to maintain the public credit, established a fund to provide for the National Debt, which amounted to ten millions of pounds. To defray the interest he made permanent the duties on wine, vinegar, and tobacco, etc. To induce the purchase of the Government stock, he gave to the shareholders the exclusive privilege of trading to the Spanish settlements in South America, and procured them an Act of Parliament and a royal charter, under the name of the South Sea Company. The idea, hollow and groundless as it was, seized on the imagination of the most staid and experienced traders. All the dreams of boundless gold which haunted the heads of the followers of Drake and Raleigh were revived. The mania spread through the nation, and was industriously encouraged by the partisans of Harley. But this stupendous dream of wealth was based on the promises of Ministers, who at the Peace of Utrecht were to secure from the Government of Spain this right to trade to its colonies. The right was never granted by that haughty and jealous Power, further than for the settlement of some few factories, and the sending of one small ship annually of less than five hundred tons. This, and the Assiento, or privilege of supplying those colonies with African slaves, were the sole advantages obtained, and these were soon disturbed by the war with Spain, which broke out under Alberoni. The South Sea Company, however, from its general resources, remained a flourishing corporation, and was deemed the rival of the Bank of England.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium. repudiandae sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias