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Updated: May 11, 2025
In fact, the events to be described in the next chapter, which led to the consolidation of British power in Hindostan, would in all probability never have occurred but for the apprehensions excited by these French demands; and our masterful proconsul in Bengal, the Marquis Wellesley, could not have pursued his daring and expensive schemes of conquest, annexation, and forced alliances, had not the schemes of the First Consul played into the hands of the soldiers at Calcutta and weakened the protests of the dividend-hunters of Leadenhall Street.
The sale of Ismail's canal shares only served to stave off the impending crash which would have formed the natural sequel to this new "South Sea Bubble." All who took part in this carnival of folly ought to have suffered alike, Ismail and his beys along with the stock-jobbers and dividend-hunters of London and Paris.
In fact, the events to be described in the next chapter, which led to the consolidation of British power in Hindostan, would in all probability never have occurred but for the apprehensions excited by these French demands; and our masterful proconsul in Bengal, the Marquis Wellesley, could not have pursued his daring and expensive schemes of conquest, annexation, and forced alliances, had not the schemes of the First Consul played into the hands of the soldiers at Calcutta and weakened the protests of the dividend-hunters of Leadenhall Street.
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