FormakingManchesterstuffsofthreadandcotton。
  FormakingJoppaandCastilesoap。
  Forimprovingthewrought-ironandsteelmanufacturesofthiskingdom。Capital,fourmillions。
  Fordealinginlace,Hollands,cambrics,lawns,&c。Capital,twomillions。
  Fortradinginandimprovingcertaincommoditiesoftheproduceofthiskingdom,&c。Capital,threemillions。
  ForsupplyingtheLondonmarketswithcattle。
  Formakinglooking-glasses,coachglasses,&c。Capital,twomillions。
  ForworkingthetinandleadminesinCornwallandDerbyshire。
  Formakingrape-oil。
  Forimportingbeaverfur。Capital,twomillions。
  Formakingpasteboardandpacking-paper。
  Forimportingofoilsandothermaterialsusedinthewoollenmanufacture。
  Forimprovingandincreasingthesilkmanufactures。
  Forlendingmoneyonstock,annuities,tallies,&c。
  Forpayingpensionstowidowsandothers,atasmalldiscount。
  Capital,twomillions。
  Forimprovingmaltliquors。Capital,fourmillions。
  ForagrandAmericanfishery。
  ForpurchasingandimprovingthefennylandsinLincolnshire。
  Capital,twomillions。
  ForimprovingthepapermanufactureofGreatBritain。
  TheBottomryCompany。
  Fordryingmaltbyhotair。
  ForcarryingonatradeintheriverOronooko。
  Forthemoreeffectualmakingofbaize,inColchesterandotherpartsofGreatBritain。
  Forbuyingofnavalstores,supplyingthevictualling,andpayingthewagesoftheworkmen。
  Foremployingpoorartificers,andfurnishingmerchantsandotherswithwatches。
  Forimprovementoftillageandthebreedofcattle。
  Anotherfortheimprovementofourbreedofhorses。
  Anotherforahorse-insurance。
  ForcarryingonthecorntradeofGreatBritain。
  Forinsuringtoallmastersandmistressesthelossestheymaysustainbyservants。Capital,threemillions。
  Forerectinghousesorhospitals,fortakinginandmaintainingillegitimatechildren。Capital,twomillions。
  Forbleachingcoarsesugars,withouttheuseoffireorlossofsubstance。
  ForbuildingturnpikesandwharfsinGreatBritain。
  Forinsuringfromtheftsandrobberies。
  Forextractingsilverfromlead。
  FormakingChinaandDelftware。Capital,onemillion。
  Forimportingtobacco,andexportingitagaintoSwedenandthenorthofEurope。Capital,fourmillions。
  Formakingironwithpitcoal。
  ForfurnishingthecitiesofLondonandWestminsterwithhayandstraw。Capital,threemillions。
  ForasailandpackingclothmanufactoryinIreland。
  Fortakingupballast。
  Forbuyingandfittingoutshipstosuppresspirates。
  FortheimportationoftimberfromWales。Capital,twomillions。
  Forrock-salt。
  Forthetransmutationofquicksilverintoamalleablefinemetal。
  Besidesthesebubbles,manyotherssprangupdaily,inspiteofthecondemnationoftheGovernmentandtheridiculeofthestillsaneportionofthepublic。Theprint-shopsteemedwithcaricatures,andthenewspaperswithepigramsandsatires,upontheprevalentfolly。Aningeniouscard-makerpublishedapackofSouthSeaplaying-cards,whicharenowextremelyrare,eachcardcontaining,besidestheusualfigures,ofaverysmallsize,inonecorner,acaricatureofabubblecompany,withappropriateversesunderneath。Oneofthemostfamousbubbleswas“Puckle’sMachineCompany,“fordischargingroundandsquarecannon-ballsandbullets,andmakingatotalrevolutionintheartofwar。Itspretensionstopublicfavourwerethussummedup,ontheeightofspades:——
  ArareinventiontodestroythecrowdOffoolsathome,insteadoffoolsabroad。
  Fearnot,myfriends,thisterriblemachine,They’reonlywoundedwhohavesharestherein。
  ThenineofheartswasacaricatureoftheEnglishCopperandBrassCompany,withthefollowingepigram:——
  TheheadlongfoolthatwantstobeaswopperOfgoldandsilvercoinforEnglishcopper,May,inChangeAlley,provehimselfanass,Andgiverichmetalforadulteratebrass。
  TheeightofdiamondscelebratedtheCompanyfortheColonizationofAcadia,withthisdoggrel:——
  HethatisrichandwantstofoolawayAgoodroundsuminNorthAmerica,Lethimsubscribehimselfaheadlongsharer,Andasses’earsshallhonourhimorbearer。
  Andinasimilarstyleeverycardofthepackexposedsomeknavishscheme,andridiculedthepersonswhowereitsdupes。Itwascomputedthatthetotalamountofthesumsproposedforcarryingontheseprojectswasupwardsofthreehundredmillionssterling,asumsoimmensethatitexceededthevalueofallthelandsinEnglandattwentyyears’purchase。
  Itistime,however,toreturntothegreatSouthSeagulf,thatswallowedthefortunesofsomanythousandsoftheavariciousandthecredulous。Onthe29thofMay,thestockhadrisenashighasfivehundred,andabouttwo-thirdsofthegovernmentannuitantshadexchangedthesecuritiesofthestateforthoseoftheSouthSeaCompany。DuringthewholeofthemonthofMaythestockcontinuedtorise,andonthe28thitwasquotedatfivehundredandfifty。Infourdaysafterthisittookaprodigiousleap,risingsuddenlyfromfivehundredandfiftytoeighthundredandninety。Itwasnowthegeneralopinionthatthestockcouldrisenohigher,andmanypersonstookthatopportunityofsellingout,withaviewofrealisingtheirprofits。ManynoblemenandpersonsinthetrainoftheKing,andabouttoaccompanyhimtoHanover,werealsoanxioustosellout。Somanysellers,andsofewbuyers,appearedintheAlleyonthe3rdofJune,thatthestockfellatoncefromeighthundredandninetytosixhundredandforty。Thedirectorswerealarmed,andgavetheiragentsorderstobuy。Theireffortssucceeded。Towardseveningconfidencewasrestored,andthestockadvancedtosevenhundredandfifty。Itcontinuedatthisprice,withsomeslightfluctuation,untilthecompanyclosedtheirbooksonthe22ndofJune。
  Itwouldbeneedlessanduninterestingtodetailthevariousartsemployedbythedirectorstokeepupthepriceofstock。Itwillbesufficienttostatethatitfinallyrosetoonethousandpercent。ItwasquotedatthispriceinthecommencementofAugust。Thebubblewasthenfull-blown,andbegantoquiverandshake,preparatorytoitsbursting。
  Manyofthegovernmentannuitantsexpresseddissatisfactionagainstthedirectors。Theyaccusedthemofpartialityinmakingoutthelistsforsharesineachsubscription。FurtheruneasinesswasoccasionedbyitsbeinggenerallyknownthatSirJohnBlunt,thechairman,andsomeothers,hadsoldout。DuringthewholeofthemonthofAugustthestockfell,andonthe2ndofSeptemberitwasquotedatsevenhundredonly。
  Thestateofthingsnowbecamealarming。Toprevent,ifpossible,theutterextinctionofpublicconfidenceintheirproceedings,thedirectorssummonedageneralcourtofthewholecorporation,tomeetinMerchantTailors’Hall,onthe8thofSeptember。Bynineo’clockinthemorning,theroomwasfilledtosuffocation;Cheapsidewasblockedupbyacrowdunabletogainadmittance,andthegreatestexcitementprevailed。Thedirectorsandtheirfriendsmusteredingreat。numbers。SirJohnFellowes,thesub-governor,wascalledtothechair。Heacquaintedtheassemblywiththecauseoftheirmeeting,readtothemtheseveralresolutionsofthecourtofdirectors,andgavethemanaccountoftheirproceedings;ofthetakingintheredeemableandunredeemablefunds,andofthesubscriptionsinmoney。
  Mr。SecretaryCraggsthenmadeashortspeech,whereinhecommendedtheconductofthedirectors,andurgedthatnothingcouldmoreeffectuallycontributetothebringingthisschemetoperfectionthanunionamongthemselves。Heconcludedwithamotionforthankingthecourtofdirectorsfortheirprudentandskilfulmanagement,andfordesiringthemtoproceedinsuchmannerastheyshouldthinkmostproperfortheinterestandadvantageofthecorporation。Mr。
  Hungerford,whohadrenderedhimselfveryconspicuousintheHouseofCommonsforhiszealinbehalfoftheSouthSeaCompany,andwhowasshrewdlysuspectedtohavebeenaconsiderablegainerbyknowingtherighttimetosellout,wasverymagniloquentonthisoccasion。Hesaidthathehadseentheriseandfall,thedecayandresurrectionofmanycommunitiesofthisnature,butthat,inhisopinion,nonehadeverperformedsuchwonderfulthingsinsoshortatimeastheSouthSeaCompany。Theyhaddonemorethanthecrown,thepulpit,orthebenchcoulddo。Theyhadreconciledallpartiesinonecommoninterest;theyhadlaidasleep,ifnotwhollyextinguished,allthedomesticjarsandanimositiesofthenation。Bytheriseoftheirstock,moniedmenhadvastlyincreasedtheirfortunes;
  country-gentlemenhadseenthevalueoftheirlandsdoubledandtrebledintheirhands。TheyhadatthesametimedonegoodtotheChurch,notafewofthereverendclergyhavinggotgreatsumsbytheproject。Inshort,theyhadenrichedthewholenation,andhehopedtheyhadnotforgottenthemselves。Therewassomehissingatthelatterpartofthisspeech,whichfortheextravaganceofitseulogywasnotfarremovedfromsatire;butthedirectorsandtheirfriends,andallthewinnersintheroom,applaudedvehemently。TheDukeofPortlandspokeinasimilarstrain,andexpressedhisgreatwonderwhyanybodyshouldbedissatisfied:ofcourse,hewasawinnerbyhisspeculations,andinaconditionsimilartothatofthefataldermaninJoeMiller’sJests,who,wheneverhehadeatenagooddinner,foldedhishandsuponhispaunch,andexpressedhisdoubtswhethertherecouldbeahungrymanintheworld。