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ONE: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.A far higher place must be assigned to Judaism among the competitors for the allegiance of Europe. The cosmopolitan importance at one time assumed by this religion has been considerably obscured, owing to the subsequent devolution of its part to Christianity. It is, however, by no means impossible that, but for the diversion created by the Gospel, and the disastrous consequences of their revolt against Rome, the Jews might have won the world to a purified form of their own monotheism. A few significant circumstances are recorded showing how much influence they had acquired, even in Rome, before the first preaching of Christianity. The first of these is to be found in Cicero��s defence of Flaccus. The latter was accused of appropriating part of the annual contributions sent to the temple at Jerusalem; and, in dealing with this charge, Cicero speaks of the Jews, who were naturally prejudiced against his client, as a powerful faction the hostility of which he is anxious not to provoke.330 Some twenty years later, a great advance has been made. Not only must the material interests of the Jews be respected, but a certain conformity to their religious prescriptions is considered a mark of good breeding, In one of his most amusing satires, Horace tells us how, being anxious to shake off a bore, he appeals for help to his friend Aristius Fuscus, and reminds him of217 some private business which they had to discuss together. Fuscus sees his object, and being mischievously determined to defeat it, answers: ��Yes, I remember perfectly, but we must wait for some better opportunity; this is the thirtieth Sabbath, do you wish to insult the circumcised Jews?�� ��I have no scruples on that point,�� replies the impatient poet. ��But I have,�� rejoins Fuscus,����a little weak-minded, one of the many, you know��excuse me, another time.��331 Nor were the Jews content with the countenance thus freely accorded them. The same poet elsewhere intimates that whenever they found themselves in a majority, they took advantage of their superior strength to make proselytes by force.��332 And they pursued the good work to such purpose that a couple of generations later we find Seneca bitterly complaining that the vanquished had given laws to the victors, and that the customs of this abominable race were established over the whole earth.333 Evidence to the same effect is given by Philo Judaeus and Josephus, who inform us that the Jewish laws and customs were admired, imitated, and obeyed over the whole earth.334 Such assertions might be suspected of exaggeration, were they not, to a certain extent, confirmed by the references already quoted, to which others of the same kind may be added from later writers showing that it was a common practice among the Romans to abstain from work on the Sabbath, and even to celebrate it by praying, fasting, and lighting lamps, to visit the synagogues, to study the law of Moses, and to pay the yearly contribution of two drachmas to the temple at Jerusalem.335

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