But during these transactions France and England had not been idle. A new alliance had been signed at Hanover between England, France, and Prussia, to which soon after were added Denmark and Holland. The real objects of this treaty were to counterbalance that between Spain, Austria, and Russia, to compel the dissolution of the Ostend Company, and to prevent the menaced assistance to the Pretender. This was the celebrated Treaty of Hanover.
The confederacy of Spain, Austria, and Sweden against England greatly encouraged the Pretender and his party. His agents were active on almost every coast in Europe, under the able direction of Atterbury. But there were two new allies whom James acquired at this time who did him little service; these were Lord North and the Duke of Wharton. They went over to the Continent, and not only openly avowed themselves as friends of the Pretender, but renounced Protestantism and embraced Popery. Lord North, however, found himself so little trusted at the Pretender's Court, notwithstanding his apostasy, that he went to Spain, entered its service, and there continued till his death, in 1734. Wharton also arrived at Madrid, where he fell in with a congenial spirit. This was Ripperda, the renegade Dutchman, now created a Duke and made Prime Minister of Spain. He had lately returned from a mission to Vienna, and was as full of foolish boastings as Wharton himself. He told the officers of the garrison at Barcelona on landing, that the Emperor would bring one hundred and fifty thousand men into the field; that Prince Eugene had engaged for as many more within six months of the commencement of a war; that in that case France would be pillaged on all sides, the King of Prussia, whom he was pleased to call the Grand Grenadier, would be chased from his country in a single campaign, and King George out of both Hanover by the Emperor, and Great Britain by the Pretender; that so long as he was in authority there should never be peace between France and Spain. Yet to Mr. Stanhope he declared that though he had talked both in Vienna and Spain in favour of the Pretender, he was, nevertheless, as sincerely attached to the interests of his Britannic Majesty as one of his own subjects; that he would prove this on the first opportunity, and that he only talked as he did to please their Catholic majesties, and to avoid being suspected as a traitor, and falling into the hands of the Inquisition, which he knew kept a sharp eye on him as a recent convert.
The folly of Ripperda, however, had ruined his credit with his own sovereigns and the nation even more than with foreign Powers. His swaggering and inflated language, in which he imagined that he was enacting Alberoni, had destroyed all faith in him. But his final blow came from his own false representations to each other of the preparations for war made by Austria and Spain. Count Königseck was most indignant when he discovered the miserable resources of the Spanish monarchy in comparison with the pompous descriptions made of them by Ripperda at Vienna; and the Spanish Court was equally disappointed by a discovery of the real military status of Austria. Ripperda was suddenly and ignominiously dismissed on the 14th of May.
A revolution of a similar character took place in France within a month of the fall of Ripperda in Spain. The Duke of Bourbon had exhibited a gross incapacity for governing France under the young king. He was replaced by Cardinal Fleury, whose pacific designs harmonised with those of Walpole. Thus Fleury's accession to power only strengthened the English alliance with France. As for Spain, notwithstanding the fall of Ripperda, Philip continued the same course of policy—clinging firmly to the Emperor, and employing Palm, the envoy of the Emperor in London, through bribery to the Duchess of Kendal and the king's Hanoverian Ministers, Bothmar and the rest, who were averse from the Treaty of Hanover, as in their estimation too exclusively calculated for British interests. They even produced a strong feeling of this kind in the mind of George, and they managed to detach the King of Prussia from the British alliance. On the other hand, Sweden was won over, by British gold and diplomacy, from Russian interests. The Dutch also, with their usual slowness, came into the Hanover Treaty. Several British fleets were at sea during the summer, watching the different points of possible attack. One under Admiral Wager sailed to the Baltic to overawe the Russians, which it did effectually. Admiral Jennings, with another squadron, having on board some land troops, scoured the coasts of Spain, kept the Spaniards in constant alarm, and returned home safe before winter. A third fleet, under Admiral Hosier, was not so fortunate. He was ordered to sail to the West Indies, and the shores of the Spanish Main, to obstruct or capture the galleons; but he was attacked off Porto Bello by the yellow fever, and lost a great number of his men.
Parliament met on the 17th of January, 1727. The Royal Speech breathed a decidedly warlike tone. The king informed Parliament that he had received information, on which he could rely, that a secret article of the treaty between Spain and the Emperor bound those parties to place the Pretender on the throne of Great Britain, and that the surrender of Gibraltar and Port Mahon was the price to be paid for this service. He asked whether the public would not regard with indignation the imposition of a Popish Pretender on the nation at such a cost. He added that the King of Spain had ordered his Ambassador to quit the kingdom, leaving behind him a formal demand for the surrender of the above-named places. There was a great ferment in the House. Palm, the Emperor's envoy, wrote to his Imperial master, advising him to disavow any such secret agreement in the treaty at Vienna, and thus allay the excitement in England. But Charles, who owed his throne to the victories of Marlborough, and whose claims on Spain had been prosecuted by Britain at serious cost of men and money, performed this disavowal with as much arrogance as stupidity. He was not contented to say that the King of England was mistaken, but he declared that his speech was false. This gross insult to the head of the nation roused the indignation of all parties, even of the Opposition; and Wyndham, Pulteney, and Shippen denounced it as loudly as any, and supported a motion of Walpole, declaring it an insolent affront. Palm was ordered to quit the kingdom immediately.
With Spain the prospect of war became every day more imminent. Stanhope quitted that country, and the Spanish Government ordered the seizure of the Prince Frederick, a ship belonging to the South Sea Company. Twenty thousand men were assembled and sent against Gibraltar. All attempts on the great fortress were as useless as former ones had been. The English regarded the attack with even an air of indifference, whilst their guns, sickness, and desertion, were fast cutting off the besiegers. In four months the investing army, being reduced to half its number, drew off with this empty but destructive result.
This and other events at length convinced the stupid and ungrateful Emperor that the war was hopeless. Russia had as good as deserted him; Prussia, so lately won over, was again wavering; Sweden and Holland had joined the allies; and Spain, so far from helping him, could not drive the enemy from a corner of its own territory. He therefore listened to terms of peace which were offered by the allies through the pacific medium of Fleury, and the preliminaries were signed at Paris by the Austrian Ambassador on the 31st of May with England, France, and Holland. The Emperor agreed to suspend for seven years the charter of the Ostend Company; to confirm all treaties previous to 1725; and to refer any other objects of dispute to a general congress. Several articles were introduced regarding Spain. The English consented to withdraw the fleet of Admiral Hosier from blockading Porto Bello, so that the galleons could return home; the siege of Gibraltar was to be discontinued, and the Prince Frederick to be restored. These articles were signed by the Spanish Ambassador at Paris, but Philip himself never ratified them, and England and Spain continued in a dubious state of neither peace nor war.
FIVE-SHILLING PIECE OF THE SOUTH SEA COMPANY.