BARTHOLOMEW FAIR, LONDON, IN 1721. (From a Painting on a Fan.)

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Soon after the close of the Session in June, the king proceeded to Hanover, accompanied, as usual, by Townshend and the Duchess of Kendal. The state of his foreign relations demanded the utmost attention, and very soon underwent the most extraordinary changes. These were precipitated by the Duke of Bourbon, and were caused by the state of the French succession. The young king might have children, and the only reason why he might not have legitimate issue soon was that he was affianced to the Infanta, Mary Ann, Philip's daughter, then a mere child. Should he not have children, the young Duke of Orleans, the son of the late Regent, would succeed him. To prevent this contingency, the Duke of Bourbon, who had a violent hatred of Orleans, prevailed on Louis to dismiss the Infanta, and choose as queen some princess of mature age. He turned his eye for this purpose on the Princess Anne of England, but George declined the alliance, because the Queen of France was bound to become Catholic. The Princess Mary Leczinska was next fixed upon, daughter of the exiled Stanislaus of Poland, and the Duke of Bourbon then sent the Infanta back to Spain.

This insult roused the fiery blood of Spain. The king and queen were excited to paroxysms of rage. They told Mr. William Stanhope that, in future, they would put confidence in no prince except his master, nor admit any one else to mediate for them in their negotiations. But George refused to break with France on their account, and ventured to remind Philip that he himself stood greatly in need of the alliance with France. Blinded, however, by their wounded pride, the King and Queen of Spain now turned their anger against England. They recalled their plenipotentiaries from the Congress of Cambray, which was sitting to settle the affairs of Europe, and professed their readiness to abandon all their hostility to the Emperor of Germany, and to concede all that they had so long demanded from him, on condition that he entered into a close alliance with them against France and England. They sent back to France the widow of the late Don Louis, and also Mademoiselle Beaujolais, another daughter of the late Regent Orleans, who had been contracted to Don Carlos.

The Emperor of Germany was delighted at the Spanish offer. He had always felt himself aggrieved by the conditions of the Quadruple Alliance. He was afraid of France, and hated George of England for his German policy. He had, moreover, embroiled himself with both England and Holland, by establishing at Ostend an East India Company, which was declared to be in violation of the Treaty of Westphalia, and was, at all events, regarded with particular jealousy by both England and Holland. This being the case, Ripperda, the envoy of Spain, a Dutch adventurer, who had been the tool of Alberoni, completed with ease a treaty with the Emperor at Vienna, which was signed on the 30th of April, 1725.

By this treaty almost everything was given up which had kept Spain and Austria in war and conflict for many years, and by themselves and their allies had steeped Europe in blood. The King of Spain agreed to sanction the Ostend Company, to yield the long-contested point regarding the exclusive mastership of the Golden Fleece. He surrendered the right to garrison with Spanish troops the fortresses of Tuscany. He acknowledged the Emperor's right to Naples, Sicily, the Milanese, and Netherlands, and guaranteed what was termed the Pragmatic Sanction; that is, the succession of the hereditary states of Austria in the female line. This was a concession of immense importance to the Emperor, who had only daughters, and whose claim to the Flemish and Italian dominions might thus have been contested by Philip on the Emperor's death. Thus, before the emotions of a family quarrel, fell at once all the mighty questions which had rent and desolated Europe for a quarter of a century! Both the sovereigns engaged to afford mutual support should either be attacked. Charles agreed to bring into the field twenty thousand foot and ten thousand horse, Philip twenty thousand troops and fifteen ships of war.

The world looked on in astonishment—diplomatists in dread of more secret and momentous compacts, and that not without cause. In the heat of this hastily-formed alliance, it was proposed to marry the young Archduchess, the heiress of the Austrian States, to one of the Infants of Spain—a contract, if carried out, which would probably have overthrown all that had been done at such cost of life and wealth for the establishment of the balance of power. This dangerous project was frustrated by other events, but serious engagements were entered into for compelling England to surrender Gibraltar and Minorca to Spain, and for placing the Pretender on the throne of Great Britain.