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Updated: June 23, 2025
An address of the same kind was presented by the house of lords in a body. A bill was brought in, empowering the commissioners of the treasury to compound with Mr. Richard Hampden, late treasurer of the navy, for a debt he owed to the crown, amounting to eight-and-forty thousand pounds. This deficiency was occasioned by his embarking in the South-Sea scheme.
The South-Sea company altered their original plan, and offered such high terms to government, that the proposals of the bank were rejected; and a bill was ordered to be brought into the house of commons, formed on the plan presented by the South-Sea company.
Earl Cowper urged, that in all public bargains the individuals of the administration ought to take care, that thay shall be more advantageous to the state than to private persons; but that a contrary method had been followed in the contract made with the South-Sea company; for, should the stocks be kept at the advanced price to which they had been raised by the oblique arts of stock-jobbing, either that company or its principal members would gain above thirty millions, of which no more than one-fourth part would be given towards the discharge of the national debts.
Let us examine this process of island-making which is carried on very extensively by the artisans of the great South-Sea Factory! The coral insect is a small creature of the sea which has been gifted with the power of "secreting" or depositing a lime-like substance, with which it builds to itself a little cell or habitation. It fastens this house to a rock at the bottom of the sea.
They ship about with the wildness and alacrity of South-Sea islanders; some are all but naked, and every quarrel is conducted in such a Calabrian brogue, that the very men of Messina profess not to understand them, and to treat them as savages rather than as countrymen. The small fort in front was disgraced by the nocturnal trial and prompt execution of the unfortunate Murat.
They were passing by small south-sea islands, where mechanical equipment was out of the question. They hardly appeared habitable! When the captain approached Dick, Morquil joined the conversation. "I'll give you the directions, Captain. Mr. Barrow is not feeling well, and I can do it for him. "In about an hour we will reach the island, and I will point out the entrance to the harbor.
In the election of members for the new parliament, the ministry exerted itself with such success as returned a great majority in the house of commons, extremely well adapted for all the purposes of an administration. * * The earl of Sunderland died in April, after having incurred a great load of popular odium, from his supposed connexions with the directors of the South-Sea company.
To the genuine credulity of the South-Sea Islander, and to the conscious make-believe of the Arab story-teller and the peasant who repeats the modern märchen, all things are possible. But to the same peasant when relating the traditional histories of his neighbours, and to the grave mediæval chronicler, only some things are possible, though many more things than are possible to us.
He was popular with the buccaneers, and had a name among them, for he was the first of them to cross the isthmus and to sail the South Sea. His South-Sea cruise had come to little, for provisions ran short, and his company had been too small to attempt a Spanish town.
It has been objected that there are multitudes in our own nation, and within our immediate spheres of action, who are as ignorant as the South-Sea savages, and that therefore we have work enough at home, without going into other countries.
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