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TWO:

TWO:The general turned his head sharply, and his eyes flashed, but he only asked dryly, "Why?"This point settled, the preliminaries of peace were signed at Fontainebleau on the 3rd of November. To console Spain for her losses by her unlucky alliance with France, Louis XV. ceded Louisiana to that country by a private convention.

TWO: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.

TWO:Another expedition was that of Colonel Sebastiani, a Corsican, who was despatched to Egypt, Syria, and other countries of the Levant. Sebastiani reported to Buonaparte that the British were so detested in Egypt that six thousand men would suffice to re-take it; that Buonaparte's name was so venerated that it had procured him the utmost honour everywhere, and especially with Djezzar Pacha, Viceroy of Egypt. He asserted[486] that General Stuart, the British envoy, had endeavoured to excite the Turks to assassinate him. He harangued the natives in the Ionian Isles, and assured them of the protection of Buonaparte, and besides many calumnies against the British officers, he told Napoleon that so hateful was the British rule that both Greeks and Venetians in those islands were ready to rise against them at the first word from France. On the appearance of this base report, our ambassador at Paris made a strong remonstrance; but Napoleon only replied by complaining of the late account of the campaign in Egypt by Sir Robert Wilson, in which he had detailed the butchery of the Turks and Arnauts at Jaffa, and Napoleon's command to poison his own wounded on the retreat from Acre. Through M. Otto, the French envoy in London, Napoleon demanded that statements injurious to his character made by the British press should be stopped by Government, that all French emigrants should be expelled from England, that Georges Cadoudal should be transported to Canada, and such princes of the House of Bourbon as remained there should be advised to repair to Warsaw, where the head of their house now resided. To these peremptory demands the British Government, through Lord Hawkesbury, replied that his Britannic Majesty did not possess the absolute power necessary for these acts, and that whilst the statements charging upon a British Ambassador instigations to murder were published in the Moniteur, the official organ of the French Government, the statements by the British press were protected by the freedom of that press guaranteed in Great Britain, which the king was not disposed to invade, but from which any man, British or foreign, might claim redress by an action at law. To show the First Consul how this might be done, the British Government commenced an action against M. Peltier, a French emigrant, for a libel on Napoleon in a newspaper published by him in London, called the Ambigu. Peltier was found guilty; but this by no means answered Buonaparte's object. He wanted the accounts of his darkest actions suppressed by a power above the law, not thus made more public by the action of the law. As Sir Walter Scott has observed, he wanted darkness, and the British Government gave him light.BARTHOLOMEW FAIR, LONDON, IN 1721. (From a Painting on a Fan.)