In these were sketches of Arbuthnot, Addison, Pope (as it is conjectured), and a certain Count Viviani, identified years afterwards by Horace Walpole, when the drawings came under his notice. They subsequently came into Ireland's possession. Next Hogarth executed an etching, whose subject was of more national importance. In 1720-21, as all men know, England went mad, and was drawn, jumping for joy, into the Maëlstrom of the South Sea bubble. France had been already desperately insane, in 1719, and Philip, the Regent, with John Law of Lauriston, the Edinburgh silversmith's son, who had been rake, bully, and soldier, and had stood his trial for killing Beau Wilson in a duel, had between them gotten up a remarkable mammon-saturnalia in the Palais Royal and the Rue Quincnmpoix. Law lived en prince in the Place Vendôme. They show the window now whence he used to look down upon his dupes. He died, a few years after the bursting of his bubble, a miserable bankrupt adventurer at Venice. And yet there really was something tangible in his schemes, wild as they were. The credit of the Royal Bank averted a national bankruptcy in France, and some substantial advantage might have been derived from the Mississippi trade. At all events, there actually was such a place as Louisiana. In this country, the geographical actualities were very little consulted. The English South Sea scheme was a swindle, pur et simple. Almost everybody in the country caught this cholera-morbus of avarice. Pope dabbled in S. S. S. (South Sea Stock): Lady Mary Wortley Montague was accused of cheating Ruremonde, the French wit, out of 500l. worth of stock. Ladies laid aside ombre and basset to haunt 'Change Alley. Gay "stood to win" enormous sums—at one time imagined himself, as did Pope also, to be the "lord of thousands," but characteristically refused to follow a friend's advice to realize at least sufficient to secure himself a "clean shirt and a shoulder of mutton every day for life." He persisted in holding, and lost all. Mr. Aislabie, the Chancellor of the Exchequer, was deeply implicated in S. S. S. transactions, as were also many peers and members of parliament. The amiable and accomplished Craggs, the postmaster-general, the friend of all the wits, and for whose tomb Pope wrote so touching an epitaph, tarnished his reputation indelibly by unscrupulous jobbery. He died of the small-pox, just in time to avoid disgrace and ruin; but his poor old father was sold up, and was borne to the grave shortly afterward, broken-*hearted. Lord Stanhope ruptured a blood-vessel in replying to a furious speech of the Duke of Wharton (who lived a profligate and died a monk) against S. S., and did not long survive. Samuel Chandler, the eminent Nonconformist divine, was ruined, and had to keep a book-*stall for bread. Hudson, known as "Tom of Ten Thousand," went stark mad, and moved about 'Change just as the "Woman in Black" and the "Woman in White" (the son of the one, and the brother of the other were hanged for forgery), used to haunt the avenues of the Bank of England. The South Sea Company bribed the Government, bribed the two Houses, and bribed the Court ladies, both of fair and of light fame. Erengard Melu-
