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THREE:George had much difficulty in restraining his indignation, but he kept it down, and only bowed the duke silently out of his presence. No sooner had he departed than he flew to Cumberland, and declared he would bear this no longer. Again overtures were made to Pitt, again Pitt expressed himself willing to take office, but again declined, because Temple still refused. Foiled in these attempts to engage Pitt, and equally foiled in an endeavour to engage some of the heads of the leading Whig houses, who would enter no administration without Pitt, a heterogeneous cabinet was at length cobbled up, through the management of the old Duke of Newcastle, who was hankering after office. The Marquis of Rockingham was put forward as First Lord of the Treasury and Premier. Grafton and Conway were to be Secretaries of State; and the latter, lately dismissed with ignominy from the army, was to lead the Commons. The Earl of Northington was made Chancellor, the old Duke of Newcastle Privy Seal; another old and almost superannuated nobleman, Lord Winchelsea, President of the Council. Charles Townshend retained his post of Paymaster of the Forces. Such materials, it was clear, could never long hold together. "It is a mere lute-string administration," said Townshend himself; "it is pretty summer wear, but it will never stand the winter!"

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THREE:The religious revival initiated by Augustus for his own purposes was soon absorbed and lost in a much wider movement, following independent lines and determined by forces whose existence neither he nor any of his contemporaries could suspect. Even for his own purposes, something more was needed than a mere return to the past. The old Roman faith and worship were too dry and meagre to satisfy the cravings of the Romans themselves in the altered conditions created for them by the possession of a world-wide empire; still less could they furnish a meeting-ground for all the populations which that empire was rapidly fusing into a single mass. But what was wanted might be trusted to evolve itself without any assistance from without, once free scope was given to the religious instincts of mankind. These had long been kept in abeyance by the creeds which they had originally called into existence, and by the rigid political organisation of the ancient city-state. Local patriotism was adverse to the introduction of new beliefs either from within or from without. Once the general interests of a community had been placed under the guardianship of certain deities with definite names and jurisdictions, it was understood that they would feel offended at the prospect of seeing their privileges invaded by a rival power; and were that rival the patron of another community, his introduction might seem like a surrender of national independence at the feet of an alien conqueror. So,203 also, no very active proselytism was likely to be carried on when the adherents of each particular religion believed that its adoption by an alien community would enable strangers and possible enemies to secure a share of the favour which had hitherto been reserved for themselves exclusively. And to allure away the gods of a hostile town by the promise of a new establishment was, in fact, one of the stratagems commonly employed by the general of the besieging army.312Before 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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Micheal Smith

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