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TWO:"Let us suppose," said Wyndham, "a man abandoned to all notions of virtue and honour; of no great family, and but of a mean fortune, raised to be chief Minister of State by the concurrence of many whimsical events; afraid or unwilling to trust any but creatures of his own making, lost to all sense of shame and reputation, ignorant of his country's true interest, pursuing no aim but that of aggrandising himself and his favourites; in foreign affairs trusting none but those who, from the nature of their education, cannot possibly be qualified for the service of their country, or give weight and credit to their negotiations; let us suppose the true interest of the nation by such means neglected, or misunderstood, her honour tarnished, her importance lost, her trade insulted, her merchants plundered, and her sailors murdered; and all these circumstances overlooked, lest his administration should be endangered. Suppose him next possessed of immense wealth, the plunder of the nation, with a Parliament chiefly composed of members whose seats are purchased, and whose votes are bought at the expense of public treasure. In such a Parliament suppose attempts made to inquire into his conduct, or to relieve the nation from the distress which has been entailed upon it by his administration. Suppose him screened by a corrupt majority of his creatures, whom he retains in daily pay, or engages in his particular interest by distributing among them those posts and places which ought never to be bestowed upon any but for the good of the public. Let him plume himself upon his scandalous victory because he has obtained a Parliament like a packed jury, ready to acquit him at all adventures. Let us suppose him domineering with insolence over all the men of ancient families, over all the men of sense, figure, or fortune in the nation; as he has no virtue of his own, ridiculing it in others, and endeavouring to destroy or corrupt it in all. With such a Minister and such a Parliament, let us suppose a case which I hope will never happen��a prince upon the throne, uninformed, ignorant, and unacquainted with the inclinations and true interests of his people; weak, capricious, transported with unbounded ambition, and possessed with insatiable avarice. I hope such a case will never occur; but, as it possibly may, could any greater curse happen to a nation than such a prince on the throne, advised, and solely advised, by such a Minister, and that Minister supported by such a Parliament?" By those who have considered the extent to which Walpole carried the system of corrupting the representatives of the people, and thus ruling at his own will, and not by the sanction of the public opinion and feeling, this severe portrait of him can scarcely be considered as exaggerated. Walpole, no doubt, felt it deeply, but feeling, too, whence the attack really came��namely, from the armoury of Bolingbroke��he passed Wyndham lightly over, and emptied the burning vial of his indignation on the concealed foe, in a not less vigorous and graphic strain.On the 9th of June, when the House of Commons went into committee on the Bill, a large number of merchants desired to be heard against it. For several days their statements were heard, and the Portuguese Ambassador also presented a memorial declaring that should the duties on French wines be lowered to those of Portugal, his master would renew the woollen and other duties on the products of Great Britain. This seemed to enforce the mercantile opinions; the sense of the whole country was against the treaty, and the speech of Sir Thomas Hanmer, a Tory, made a deep impression. There was, however, a growing rumour, during the latter days of the debate, that Oxford had given the treaty up��a rumour probably not without foundation, for Oxford and Bolingbroke were no longer in unity. The latter, ambitious and unprincipled, was intriguing to oust his more slow and dilatory colleague; and, as the Bill was ostensibly the work of Bolingbroke, probably Oxford was by no means unwilling that it should be thrown out to damage him. When the question, therefore, was put on the 18th of June,[11] that the Bill be engrossed, it was negatived by a majority of one hundred and ninety-four to one hundred and eighty-five. Thus the commercial treaty was lost, much to the joy of the nation, and certainly to its immediate benefit.

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