A scheme professedly for trading to the Pacific, originally launched in 1711. In 1720 Sir John Blount, one of the directors, negotiated an arrangement with the Government, by which the Company took over the National Debt, amounting to some sixteen millions, the Government paying a lower rate of interest than they had been paying to the annuitants. The Company then persuaded the holders of Government Annuities to exchange them for shares in the Company. The plan was fairly successful, but led to a wild inflation in the value of the shares, and in the subsequent collapse thousands were ruined.
Southampton, Treaty of.
A treaty of alliance between England and Holland, signed in 1625, pledging the contracting parties to support each other against Spain, so long as she occupied any part of the Palatinate. England, however, reserved to herself the right to claim compensation from Holland for the massacre of Amboyna.
Spanish Fury.
The name given to the sack of Antwerp by the Spaniards under Sancho d’Avila, in 1576. It is estimated that over 7,000 of the inhabitants perished.
Spanish Main.
Properly the mainland between the mouth of the Orinoco and the Isthmus of Panama, but often improperly employed to denote the Caribbean Sea.
Spanish Marriages.
The question of the marriage of Isabella, the young Queen of Spain, nearly led to a rupture between England and Spain in 1846. Louis Philippe proposed as her husband the Duke of Cadiz, believing that such marriage would prove unfruitful. At the same time the Queen’s sister, the Infanta, was to be married to the Duc de Montpensier, with the object of eventually placing the Crown of Spain on the head of a French Prince. Palmerston proposed that the second marriage should be postponed until the Queen had issue, to which the King feigned assent, but meanwhile he and his minister, Guizot, worked on the Queen Regent to consent to the marriages taking place at once, and they were duly solemnized, causing great indignation in England.