FORE:There was a knock at the door of the tent, and it opened. The adjutant came in. "I say, Landor��"

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FORE:The news of the invasion brought George from Hanover. He arrived in London on the last day of August, by which time the Young Pretender had already been entertained by Lord Tullibardine at Blair Castle; but he seemed to feel no great alarm. He thought the forces of Cope were sufficient to compete with the insurgents, and Lord Granville and his party did their best to confirm him in this opinion. On the 20th of September three battalions of the expected Dutch forces landed, and received orders to march north. But what contributed more than anything to the security of the kingdom was the activity of the fleet. The seamen all round the coasts showed as much spirit and life as the soldiers had shown cowardice. Privateers as well as men-of-war vied with one another in performing feats of bravery. A small ship off Bristol took a large Spanish ship, bound for Scotland, with arms and money. Another small ship took the Soleil, from Dunkirk, carrying twenty French officers and sixty men, to Montrose; and a small squadron of privateers, which volunteered to serve under a brave naval captain, took a vast number of French vessels, and drove still more upon their own shores. Charles's younger brother, Henry, was waiting to bring over the Irish regiments to his aid, but Louis would not hazard their appearance at sea in the face of such a dangerous fleet. Charles made an attempt to corrupt Captain Beavor, of the Fox man-of-war, by offering him splendid rewards in case of his success, but the gallant officer sent him word that he only treated with principals, and that, if he would come on board, he would talk with him.

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FORE:Before Walpole thus threw off the mask of moderation��indeed, on the very day of his resignation��he introduced a well-matured scheme for the reduction of the National Debt, which was, in fact, the earliest germ of the National Sinking Fund. Though the ordinary rate of interest had been reduced, by the statute of the 12th of Queen Anne, to five per cent., the interest on the funded debt remained upwards of seven. The Long and Short Annuities were unredeemable, and could not be touched without the consent of the proprietors; but Walpole proposed to borrow six hundred thousand pounds at only four per cent., and to apply all savings to the discharge of the debts contracted before December, 1716. He proposed, also, to make some arrangement with the Bank and the South Sea Company, by which the Bank should lend two millions and a half, and the Company two millions, at five per cent., to pay off such holders of redeemable debts as should refuse to accept an equal reduction.

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Achievments

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