The gains from Shakspeare would hardly counterbalance the loss which Pope sustained this year from the South Sea Bubble. One thing, by the way, is still unaccountably neglected by writers on this question. How it was that the great Mississippi Bubble, during the Orleans regency in Paris, should have happened to coincide with that of London. If this were accident, how marvellous that the same insanity should possess the two great capitals of Christendom in the same year? If, again, it were not accident, but due to some common cause, why is not that cause explained? Pope to his nearest friends never stated the amount of his loss. The biographers report that at one time his stock was worth from twenty to thirty thousand pounds. But that is quite impossible. It is true, that as the stock rose at one time a thousand per cent., this would not imply on Pope's part an original purchase beyond twenty-five hundred pounds or thereabouts. But Pope has furnished an argument against that, which we shall improve. He quotes, more than once, as applicable to his own case, the old proverbial riddle of Hesiod, ——- ——- ———, the half is more than the whole. What did he mean by that? We understand it thus: That between the selling and buying, the variations had been such as to sink his shares to one half of the price they had once reached, but, even at that depreciation, to leave him richer on selling out than he had been at first. But the half of 25,000 would be a far larger sum than Pope could have ventured to risk upon a fund confessedly liable to daily fluctuation. 3000 English pounds would be the utmost he could risk; in which case the half of 25,000 pounds would have left him so very much richer, that he would have proclaimed his good fortune as an evidence of his skill and prudence. Yet, on the contrary, he wished his friends to understand at times that he had lost. But his friends forgot to ask one important question: Was the word loss to be understood in relation to the imaginary and nominal wealth which he once possessed, or in relation to the absolute sum invested in the South Sea fund? The truth is, Pope practised on this, as on other occasions, a little finessing, which is the chief foible in his character. His object was, that, according to circumstances, he might vindicate his own freedom from the common mania, in case his enemies should take that handle for attacking him; or might have it in his power to plead poverty, and to account for it, in case he should ever accept that pension which had been so often tendered but never sternly rejected.

In 1723 Pope lost one of his dearest friends, Bishop Atterbury, by banishment; a sentence most justly incurred, and mercifully mitigated by the hostile Whig government. On the bishop's trial a circumstance occurred to Pope which flagrantly corroborated his own belief in his natural disqualification for public life. He was summoned as an evidence on his friend's behalf. He had but a dozen words to say, simply explaining the general tenor of his lordship's behavior at Bromley, and yet, under this trivial task, though supported by the enthusiasm of his friendship, he broke down. Lord Bolingbroke, returning from exile, met the bishop at the sea-side; upon which it was wittily remarked that they were "exchanged." Lord Bolingbroke supplied to Pope the place, or perhaps more than supplied the place, of the friend he had lost; for Bolingbroke was a free-thinker, and so far more entertaining to Pope, even whilst partially dissenting, than Atterbury, whose clerical profession laid him under restraints of decorum, and latterly, there is reason to think, of conscience.

In 1725, on closing the Odyssey, Pope announces his intention to Swift of quitting the labors of a translator, and thenceforwards applying himself to original composition. This resolution led to the Essay on Man, which appeared soon afterwards; and, with the exception of two labors, which occupied Pope in the interval between 1726 and 1729, the rest of his life may properly be described as dedicated to the further extension of that Essay. The two works which he interposed were a collection of the fugitive papers, whether prose or verse, which he and Dean Swift had scattered amongst their friends at different periods of life. The avowed motive for this publication, and, in fact, the secret motive, as disclosed in Pope's confidential letters, was to make it impossible thenceforwards for piratical publishers like Curll. Both Pope and Swift dreaded the malice of Curll in case they should die before him. It was one of Curll's regular artifices to publish a heap of trash on the death of any eminent man, under the title of his Remains; and in allusion to that practice, it was that Arbuthnot most wittily called Curll "one of the new terrors of death." By publishing all, Pope would have disarmed Curll beforehand; and that was in fact the purpose; and that plea only could be offered by two grave authors, one forty, the other sixty years old, for reprinting jeux d'esprit that never had any other apology than the youth of their authors. Yet, strange to say, after all, some were omitted; and the omission of one opened the door to Curll as well as that of a score. Let Curll have once inserted the narrow end of the wedge, he would soon have driven it home.

This Miscellany, however, in three volumes, (published in 1727, but afterwards increased by a fourth in 1732,) though in itself a trifling work, had one vast consequence. It drew after it swarms of libels and lampoons, levelled almost exclusively at Pope, although the cipher of the joint authors stood entwined upon the title-page. These libels in their turn produced a second reaction; and, by stimulating Pope to effectual anger, eventually drew forth, for the everlasting admiration of posterity, the very greatest of Pope's works; a monument of satirical power the greatest which man has produced, not excepting the MacFleckno of Dryden, namely, the immortal Dunciad.

In October of the year 1727, this poem, in its original form, was completed. Many editions, not spurious altogether, nor surreptitious, but with some connivance, not yet explained, from Pope, were printed in Dublin and in London. But the first quarto and acknowledged edition was published in London early in "1728-9," as the editors choose to write it, that is, (without perplexing the reader,) in 1729. On March 12 of which year it was presented by the prime minister, Sir Robert Walpole, to the king and queen at St. James's.

Like a hornet, who is said to leave his sting in the wound, and afterwards to languish away, Pope felt so greatly exhausted by the efforts connected with the Dunciad, (which are far greater, in fact, than all his Homeric labors put together,) that he prepared his friends to expect for the future only an indolent companion and a hermit. Events rapidly succeeded which tended to strengthen the impression he had conceived of his own decay, and certainly to increase his disgust with the world. In 1732 died his friend Atterbury; and on December the 7th of the same year Gay, the most unpretending of all the wits whom he knew, and the one with whom he had at one time been domesticated, expired, after an illness of three days, which Dr. Arbuthnot declares to have been "the most precipitate" he ever knew. But in fact Gay had long been decaying, from the ignoble vice of too much and too luxurious eating. Six months after this loss, which greatly affected Pope, came the last deadly wound which this life could inflict, in the death of his mother. She had for some time been in her dotage, and recognized no face but that of her son, so that her death was not unexpected; but that circumstance did not soften the blow of separation to Pope. She died on the 7th of June, 1733, being then ninety-three years old. Three days after, writing to Richardson the painter, for the purpose of urging him to come down and take her portrait before the coffin was closed, he says, "I thank God, her death was as easy as her life was innocent; and as it cost her not a groan, nor even a sigh, there is yet upon her countenance such an expression of tranquillity," that "it would afford the finest image of a saint expired that ever painting drew. Adieu, may you die as happily." The funeral took place on the 11th; Pope then quitted the house, unable to support the silence of her chamber, and did not return for months, nor in fact ever reconciled himself to the sight of her vacant apartment.

Swift also he had virtually lost for ever. In April, 1727, this unhappy man had visited Pope for the last time. During this visit occurred the death of George I. Great expectations arose from that event amongst the Tories, in which, of course,' Swift shared. It was reckoned upon as a thing of course that Walpole would be dismissed. But this bright gleam of hope proved as treacherous as all before; and the anguish of this final disappointment perhaps it was which brought on a violent attack of Swift's constitutional malady. On the last of August he quitted Pope's house abruptly, concealed himself in London, and finally quitted it, as stealthily as he had before quitted Twickenham, for Ireland, never more to return. He left a most affectionate letter for Pope; but his affliction, and his gloomy anticipations of insanity, were too oppressive to allow of his seeking a personal interview.

Pope might now describe himself pretty nearly as ultimus suorum; and if he would have friends in future, he must seek them, as he complains bitterly, almost amongst strangers and another generation. This sense of desolation may account for the acrimony which too much disfigures his writings henceforward. Between 1732 and 1740, he was chiefly engaged in satires, which uniformly speak a high moral tone in the midst of personal invective; or in poems directly philosophical, which almost as uniformly speak the bitter tone of satire in the midst of dispassionate ethics. His Essay on Man was but one link in a general course which he had projected of moral philosophy, here and there pursuing his themes into the fields of metaphysics, but no farther in either field of morals or metaphysics than he could make compatible with a poetical treatment. These works, however, naturally entangled him in feuds of various complexions with people of very various pretensions; and to admirers of Pope so fervent as we profess ourselves, it is painful to acknowledge that the dignity of his latter years, and the becoming tranquillity of increasing age, are sadly disturbed by the petulance and the tone of irritation which, alike to those in the wrong and in the right, inevitably besiege all personal disputes. He was agitated, besides, by a piratical publication of his correspondence. This emanated of course from the den of Curll, the universal robber and "blatant beast" of those days; and, besides the injury offered to his feelings by exposing some youthful sallies which he wished to have suppressed, it drew upon him a far more disgraceful imputation, most assuredly unfounded, but accredited by Dr. Johnson, and consequently in full currency to this day, of having acted collusively with Curll, or at least through Curll, for the publication of what he wished the world to see, but could not else have devised any decent pretext for exhibiting. The disturbance of his mind on this occasion led to a circular request, dispersed amongst his friends, that they would return his letters. All complied except Swift. He only delayed, and in fact shuffled. But it is easy to read in his evasions, and Pope, in spite of his vexation, read the same tale, viz., that, in consequence of his recurring attacks and increasing misery, he was himself the victim of artifices amongst those who surrounded him. What Pope apprehended happened.

The letters were all published in Dublin and in London, the originals being then only returned when they had done their work of exposure.

Such a tenor of life, so constantly fretted by petty wrongs, or by leaden insults, to which only the celebrity of their object lent force or wings, allowed little opportunity to Pope for recalling his powers from angry themes, and converging them upon others of more catholic philosophy. To the last he continued to conceal vipers beneath his flowers; or rather, speaking proportionately to the case, he continued to sheath amongst the gleaming but innocuous lightnings of his departing splendors, the thunderbolts which blasted for ever. His last appearance was his greatest. In 1742 he published the fourth book of the Dunciad; to which it has with much reason been objected, that it stands in no obvious relation to the other three, but which, taken as a separate whole, is by far the most brilliant and the weightiest of his works. Pope was aware of the hiatus between this last book and the rest, on which account he sometimes called it the greater Dunciad; and it would have been easy for him, with a shallow Warburtonian ingenuity, to invent links that might have satisfied a mere verbal sense of connection. But he disdained this puerile expedient. The fact was, and could not be disguised from any penetrating eye, that the poem was not a pursuit of the former subjects; it had arisen spontaneously at various times, by looking at the same general theme of dulness (which, in Pope's sense, includes all aberrations of the intellect, nay, even any defective equilibrium amongst the faculties) under a different angle of observation, and from a different centre. In this closing book, not only bad authors, as in the other three, but all abuses of science or antiquarian knowledge, or connoisseurship in the arts, are attacked. Virtuosi, medalists, butterfly-hunters, florists, erring metaphysicians, &c., are all pierced through and through as with the shafts of Apollo. But the imperfect plan of the work as to its internal economy, no less than its exterior relations, is evident in many places; and in particular the whole catastrophe of the poem, if it can be so called, is linked to the rest by a most insufficient incident. To give a closing grandeur to his work, Pope had conceived the idea of representing the earth as lying universally under the incubation of one mighty spirit of dulness; a sort of millennium, as we may call it, for ignorance, error, and stupidity. This would take leave of the reader with effect; but how was it to be introduced? at what era? under what exciting cause? As to the eras, Pope could not settle that; unless it were a future era, the description of it could not be delivered as a prophecy; and, not being prophetic, it would want much of its grandeur. Yet, as a part of futurity, how is it connected with our present times? Do they and their pursuits lead to it as a possibility, or as a contingency upon certain habits which we have it in our power to eradicate, (in which case this vision of dulness has a practical warning,) or is it a mere necessity, one amongst the many changes attached to the cycles of human destiny, or which chance brings round with the revolutions of its wheel? All this Pope could not determine; but the exciting cause he has determined, and it is preposterously below the effect. The goddess of dulness yawns; and her yawn, which, after all, should rather express the fact and state of universal dulness than its cause, produces a change over all nations tantamount to a long eclipse. Meantime, with all its defects of plan, the poem, as to execution, is superior to all which Pope has done; the composition is much superior to that of the Essay on Man, and more profoundly poetic. The parodies drawn from Milton, as also in the former books, have a beauty and effect which cannot be expressed; and, if a young lady wished to cull for her album a passage from all Pope's writings, which, without a trace of irritation or acrimony, should yet present an exquisite gem of independent beauty, she could not find another passage equal to the little story of the florist and the butterfly-hunter. They plead their cause separately before the throne of dulness; the florist telling how he had reared a superb carnation, which, in honor of the queen, he called Caroline, when his enemy, pursuing a butterfly which settled on the carnation, in securing his own object, had destroyed that of the plaintiff. The defendant replies with equal beauty; and it may certainly be affirmed, that, for brilliancy of coloring and the art of poetical narration, the tale is not surpassed by any in the language.