THREE:I weighed the situation, went on the detective. A robber would be enough of a gem expert to know the stones were imitations and would have taken the others. Butsome Hindu fanatic, in India, where the emeralds came from originally, might have a fixed idea that they must be destroyed. He might not know imitations from real ones.
FORE:Whilst these affairs had been taking place in England, the Emperor had been finding himself less and less able to contend against France and Spain. He had in vain exerted himself to engage the Dutch and English in his quarrel. He called upon them as bound by the faith of treaties; he represented the balance of power for which both Holland and England had made such sacrifices, as more in danger than ever; but none of these pleas moving Walpole or the Dutch, he threatened to withdraw his troops from the Netherlands, and make over that country to France. The threat of the Emperor did not move Walpole; he knew too well that it was but a threat. The Emperor, therefore, was now compelled to come to terms. A treaty was to be entered into under the mediation of the maritime Powers. As Fleury and Walpole, too, were bent on peace, they submitted to all the delays and punctilios of the diplomatists, and finally were rewarded by a peace being concluded between the different parties on these terms:Don Carlos was to retain Naples and Sicily, but he was to resign the possession of Parma and the reversion of Tuscany; of the claimants to the Polish Crown, Augustus was to remain King of Poland, and Stanislaus was to receive, as an equivalent, the Duchy of Lorraine, which, after his decease, was to devolve to the Crown of France. This was an aim which France had had in view for ages, but which neither the genius of Richelieu nor of Mazarin could[66] accomplish. It was rendered comparatively easy now, as the young Duke of Lorraine was about to marry the Empress's only child, the Princess Maria Theresa, and thus to succeed through her to the Empire. Yet the Duke ceded his patrimonial territory with extreme regret, and not till he had received in return the Grand Duchy of Tuscany and a pension from France. The regnant Grand Duke of Tuscany, the last of the Medicis, was on the verge of death, and his decease took place in less than two years, when the Duke of Lorraine was put in possession. France and Sardinia gave their guarantee to the Pragmatic Sanction, and Sardinia obtained, in consequence, Novara, Tortona, and some adjoining districts. England appears to have looked on with strange apathy at this aggrandisement of France by the acquisition of Lorraine, but it was impossible to prevent it, except by a great war, and Walpole was not disposed for even a little one. This treaty is known as the Definitive Peace of Vienna (Nov. 8, 1738).
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FORE:Just for a moment it hesitated, then started with the bronco spring, jumping the dead mules, shying from right to left and back again, and going out through the gates at a run. Cairness held on with his knees as he had learned to do when he had played at stock-rider around Katawa and Glen Lomond in the days of his boyhood, as he had done since with the recruits at hurdle drill, or when he had chased a fleet heifer across the prairie and had had no time to saddle. He could keep his seat, no fear concerning that, but it was all he could do. The pony was not to be stopped. He had only what was left of the halter shank by way of a bridle, and it was none at all. A Mexican knife bit would hardly have availed.
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FORE:Over the hangar they rose, and Larry, holding a more gentle angle to avert a stall, continued upward until his altimeter gave him a good five hundred feet.Charles Stanhope, though clearly guilty, escaped, after examination in the House, by a majority of three, out of respect for the memory of his deceased relative, the upright Lord Stanhope. Aislabie's case came next, and was so palpably bad that he was committed to the Tower and expelled the House, amid the ringing of bells, bonfires, and other signs of rejoicing in the City of London. The bulk of his property, moreover, was seized. This was some compensation to the public, which had murmured loudly at the acquittal of Stanhope. Sunderland's case was the next, and he escaped by the evidence against him being chiefly second-hand. He was acquitted by a majority of two hundred and thirty-three against one hundred and seventy-two. As to the king's mistresses, their sins were passed over out of a too conceding loyalty; but no favour was shown to the directors, though some of them were found to be much poorer when the scheme broke up than they were when it began. Amongst them was Mr. Gibbon, the grandfather of the historian, who afterwards exposed the injustice of many of these proceedings, though at the time they were considered as only too merited. The directors were disabled from ever again holding any place, or sitting in Parliament; and their estates, amounting to upwards of two millions, were confiscated for the relief of the sufferers by the scheme.
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FORE:It was at the close of 1719, when George I. returned from Hanover, that this Company proposed to Ministers to consolidate all the funds into one. It was strange that both Ministers and merchants could be deluded by the hope of enriching themselves by a share of the trade with the Spanish South American provinces, when Spain herself, in full enjoyment of them, was sunk into indigence and weakness, and presented the most determined resistance to the unfettered intercourse of any other nation with them. Yet Sir John Blunt, a leading director of the South Sea Company, persuaded the Ministers that by granting the Company power to deal with the public funds, and especially to buy up the unredeemable annuities which had been granted in the two preceding reigns, chiefly on terms of ninety-nine years, and which now amounted to about eight hundred thousand pounds a year, they could, in twenty-six years, pay off the entire National Debt. But, to enable them to do this, they must be empowered to reduce all the different public securities to one aggregate fund in their hands, to convert both redeemable and unredeemable debts into stock by such arrangements as they could make with the holders, and to have certain commercial privileges vested in them. Ministers accepted the proposals with great alacrity. Aislabie introduced the scheme to Parliament in the month of February, 1720, declaring that, if it was accepted by the House, the prosperity of the nation would be amazingly enhanced, and all its debts liquidated in a very few years. Craggs seconded the proposal in most sanguine terms, expressing his conviction that every member of the House must be ready to adopt so advantageous an offer. Ministers had already closed with the proposals of the Company, and they were themselves greatly disconcerted by the suggestion of Mr. Thomas Brodrick, the member for Stockbridge, who expressed his entire accordance with Ministers, but thought that the nation should endeavour to obtain the best terms for itself by opening the competition to every other company or association of men as well as that in question. Ministers were confounded by this proposal, and Aislabie endeavoured to get out of it by declaring that to do this would be like putting the nation up to auction, and that such things should be done with spirit. But Jekyll interposed, saying it was this spirit which had ruined the nation, and it was now requisite to consider seriously what was best for the public. A violent debate ensued, in which Walpole eloquently recommended open competition, and was sharply replied to by Lechmere. The question was carried in favour of competition; and then the Bank of England, which before had coolly declined to enter into the proposals, suddenly appeared in a new temper, and made liberal offers for the privilege of thus farming the public debts. But the South Sea Company was not to be outdone; it offered seven millions and a half, and the Bank gave way in despair.
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