Certainly time enough seems to have elapsed between the dialogue and the publication of this advertisement to allow of all angry passions to have subsided; but Robert Curtis, whose name is thus preserved till now, would seem to have been a careful youth, picking his way clear of pitfalls, and with shrewdness sufficient to discover that anonymity but too often disguises foul intent. In that particular matters have not considerably improved even up to the present time.
The year 1720 is memorable in the history of England, as seeing the abnormal growth and consequent explosion of the greatest swindle of comparatively modern times, and one of the most colossal frauds of any time, the South Sea Scheme, which has been best known since as the South Sea Bubble. Its story has been told so often, and in so many ways, that it is hardly necessary to dwell upon it here; but as, though nearly every one has heard of the scheme, there are but few who know anything about it, we may as well give once again a short résumé of its business operations. It was started by Harley in 1711, with the view of paying off the floating national debt, which at that time amounted to about £10,000,000. A contemporary writer says: “This debt was taken up by a number of eminent merchants, to whom the Government agreed to guarantee for a certain period the annual payment of £600,000 (being six per cent. interest), a sum which was to be obtained by rendering permanent a number of import duties. The monopoly of the trade to the South Seas was also secured to these merchants, who were accordingly incorporated as the ‘South Sea Company,’ and at once rose to a high position in the mercantile world. The wondrously extravagant ideas then current respecting the riches of the South American continent were carefully fostered and encouraged by the Company, who also took care to spread the belief that Spain was prepared, on certain liberal conditions, to admit them to a considerable share of its South American trade; and as a necessary consequence, a general avidity to partake in the profits of this most lucrative speculation sprang up in the public mind. It may be well to remark in this place, that the Company’s trading projects had no other