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THREE:The South Sea Company had immediately on the passing of the Bill proposed a subscription of one million, and this was so eagerly seized on that, instead of one, two millions were subscribed. To stimulate this already too feverish spirit in the public, the Company adopted the most false and unjustifiable means. They had eight millions and a half to pay over to Government as a douceur for granting them the management of the Funds; and, therefore, to bring this in rapidly, they propagated the most lying rumours. It was industriously circulated that Lord Stanhope had received overtures at Paris to exchange Gibraltar and Port Mahon for invaluable gold lands in Peru! The South Sea trade was vaunted as a source of boundless wealth in itself. In August the stock had risen from the one hundred and thirty of the last winter to one thousand! Men sold houses and land to become shareholders; merchants of eminence neglected their affairs and crippled their resources to reap imaginary profits. The Company flattered the delusion to the utmost. They opened a third, and even a fourth subscription, larger than the former, and passed a resolution that from next Christmas their yearly dividend should not be less than fifty per cent.! In labouring to increase the public delusion they seem to have caught the contagion themselves, for they began to act, not like men who were blowing a bubble which they knew must speedily burst, but like persons who had mounted permanently into the very highest seat of prosperous power. They assumed the most arrogant and overbearing manner, even towards men of the highest station and influence. "We have made them kings," said a member of Parliament, "and they deal with everybody as such."

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THREE:The Reverend Taylor was about to go to the coops and close them for the night, when he saw a man and a woman on horseback coming up the street. The woman was bending forward and swaying in her saddle. He stood still and watched. The red sunset[Pg 250] blaze was in his face so that he could not see plainly until they were quite near. Then he knew that it was Cairness and��yes, beyond a doubt��Bill Lawton's runaway wife.

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THREE:The affair was now becoming serious, and Hastings demanded to be heard at the bar, where he appeared on the 1st of May, and read a long and wearisome defence, which did not go to a denial of the charges, but a justification of them, from the need of money to save India, and from the approbation awarded to these actions both in India and at the India House. On the 1st of June Burke brought forward his first charge��the Rohilla war. The debate was not finished till seven o'clock on the morning of the 3rd. The motion was rejected by one hundred and nineteen against sixty-seven, and it was fondly hoped that the proceedings against Hastings were altogether crushed. Lord Thurlow advised the king to carry out his intention to make Hastings Baron Daylesford, and the talk in the clubs and West End assemblies was the triumph of Hastings. But the rejoicing was premature. On the 13th of June Fox took up the second charge��the treatment of Cheyte Sing and Francis, with all the bitterness of his character, and of his hatred of Hastings, supported it. So black were the facts now produced that Pitt was compelled to give way. He defended the Governor-General for calling on Cheyte Sing to contribute men and money for the war against Mysore; he lauded the firmness, decision and ability of Hastings, but he was forced to admit that he had been excessive in his demands, and must support the charge.

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