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FORE:205Before Walpole thus threw off the mask of moderation��indeed, on the very day of his resignation��he introduced a well-matured scheme for the reduction of the National Debt, which was, in fact, the earliest germ of the National Sinking Fund. Though the ordinary rate of interest had been reduced, by the statute of the 12th of Queen Anne, to five per cent., the interest on the funded debt remained upwards of seven. The Long and Short Annuities were unredeemable, and could not be touched without the consent of the proprietors; but Walpole proposed to borrow six hundred thousand pounds at only four per cent., and to apply all savings to the discharge of the debts contracted before December, 1716. He proposed, also, to make some arrangement with the Bank and the South Sea Company, by which the Bank should lend two millions and a half, and the Company two millions, at five per cent., to pay off such holders of redeemable debts as should refuse to accept an equal reduction. 8.00 - 10.00 | JUN 09,2014

FORE:"He told him the truth, I tell you: that when we heard the Apaches were coming, we lit out and drove out the stock from the corrals. I don't recollect his words." 9.00 - 10.00 | FEB 15,2014

FORE:At the Congress, which began in June, William Stanhope, Horace Walpole, and Poyntz represented England. At Paris Lord Waldegrave supplied the place of Horace Walpole; and at the Hague the Earl of Chesterfield ably managed the national interests. At the Congress there was a frequent exchange of memorials and counter-memorials, but no real business was done. The only things which grew apparent were that France and Spain were becoming more reconciled, and that the league between Spain and the Emperor was fast dissolving.This reaction had begun to make itself felt long before the birth of a philosophical literature in the Latin language. It may be traced to the time when the lecture-halls at Athens were first visited by Roman students, and Greek professors first received on terms of intimate companionship into the houses of Roman nobles. In each instance, but more especially in the latter, not only would the pupil imbibe new ideas from the master, but the master would suit his teaching to the tastes and capacities of the pupil. The result would be an intellectual condition somewhat resembling that which attended the popularisation of philosophy in Athens during the latter half of the fifth century B.C.; and all the more so as speculation had already spontaneously reverted to the Sophistic standpoint. The parallel will be still more complete if we take the word Sophist in its original and comprehensive sense. We may then say that while Carneades, with his entrancing eloquence and his readiness to argue both sides167 of a question, was the Protagoras of the new movement; Panaetius, the dignified rationalist and honoured friend of Laelius and the younger Scipio, its Prodicus; and Posidonius, the astronomer and encyclopaedic scholar, its Hippias, Phaedrus the Epicurean was its Anaxagoras or Democritus. 11.00 - 10.00 | JUN 10,2014