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THREE:The South Sea Company, with a folly of which extreme greed only is capable, endeavoured to put down these rival schemes and obtained an order from the Lords Justices and writs of scire facias against several of these new bubbles. It was like raising a wind to blow away the bubbles, forgetting that their own was a bubble too, and would go with them. The moment that the people began to distrust one they distrusted all. The panic became as great as the mania had been. The South Sea stock dropped in less than a month from one thousand to below six hundred. There was a simultaneous rush to sell out, and the shares must have sunk instantly to nil but for the gigantic exertions of the Company to raise money and buy in. The relief, however, was but temporary. The bankers and pawnbrokers who had advanced money on scrip broke and fled; merchants, goldsmiths, and speculators rushed away after them. Walpole was summoned in haste from Haughton to devise some means of staying the panic. He endeavoured to get the Bank of England to circulate three millions of South Sea bonds for a year; but the Bank, seeing that the case was desperate, declined it. This was decisive. The rage and despair of the swarming dupes were indescribable. They heaped[48] execrations not only on the South Sea Company, but on Ministers, the king, his mistresses, and the Royal Family, who had all been deep in the affair, and who had taken good care of themselves. George landed at Margate on the 9th of November, soon after which the South Sea stock fell to one hundred and thirty-five. On the 8th of December Parliament met, and promptly began to investigate the scandal.This Act, as disgraceful as any which ever dishonoured the statute-book in the reigns of the Tudors or Stuarts, was introduced into the Commons, on the 12th of May, by Sir William Wyndham, and was resolutely opposed by the Whigs, amongst whom Sir Peter King, Sir Joseph Jekyll, Mr. Hampden, Robert Walpole, and General Stanhope distinguished themselves. They did not convince the majority, which amounted to no less than two hundred and thirty-seven to one hundred and twenty-six. In the Lords, Bolingbroke himself moved the second reading, and it was ably opposed by the Lords Cowper, Wharton, Halifax, Townshend, Nottingham, and others. The greatest curiosity was displayed regarding the part which Oxford would take, as it was known that in the Council he had endeavoured to soften the rigorous clauses; but in the House he followed his usual shuffling habit, declaring that he had not yet considered the question; and, having induced the Opposition to let the second reading pass without a division, he absented himself from the final voting, and thus disgusted both parties and hastened his own fall.

we are proffasional in photography

• I remember thinking, as a child, it was taking forever to grow up. I counted each milestone – teen years, learner’s permit, license and finally, adulthood.

• I finally grew up. I met my husband, and we had our own children. And now, as a parent, I can’t believe how fast time is going.

It’s too fast, and while I want to remember every minute of it, I’m often surprised when my husband reminds me of something I’ve already forgotten.