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he used his power in such a manner as clearly proved him to have sought it, not for the sake of profit or patronage, but from a wish to establish for himself a great and durable reputation by means of eminent services rendered to the state.

The family of Pitt was wealthy and respectable. His grandfather was Governor of Madras, and brought back from India that celebrated diamond which the Regent Orleans, by the advice of Saint-Simon, purchased for upwards of two millions of livres, and which is still considered as the most precious of the crown jewels of France. Governor Pitt bought estates and rotten boroughs, and sat in the House of Commons for Old Sarum. His son Robert was at one time member for Old Sarum, and at another for Oakhampton. Robert had two sons. Thomas, the elder, inherited the estates and the parliamentary interest of his father. The second was the celebrated William Pitt.

He was born in November 1708. About the early part of his life little more is known than that he was educated at Eton, and that at seventeen he was entered at Trinity College Oxford. During the second year of his residence at the University, George the First died; and the event was, after the fashion of that generation, celebrated by the Oxonians in many very middling copies of verses. On this occasion Pitt published some Latin lines, which Mr. Thackeray has preserved. They prove that the young student had but a very limited knowledge even of the mechanical part of his art. All true Etonians will hear with concern that their illustrious schoolfellow is guilty of making the first syllable in labenti short.* The matter of the poem is as worthless as that of any college exercise that was ever written before or since. There is, of course, much about Mars, Themis, Nep

So Mr. Thackeray has printed the poem. But it may be charitably hoped that Pitt wrote labanti.

tune, and Cocytus. The Muses are earnestly entreated to weep over the urn of Cæsar; for Cæsar, says the Poet, loved the Muses; Cæsar, who could not read a line of Pope, and who loved nothing but punch and fat women.

Pitt had been, from his school-days, cruelly tormented by the gout, and was at last advised to travel for his health. He accordingly left Oxford without taking a degree, and visited France and Italy. He returned, however, without having received much benefit from his excursion, and continued, till the close of his life, to suffer most severely from his constitutional malady.

His father was now dead, and had left very little to the younger children. It was necessary that William should choose a profession. He decided for the army,

and a cornet's commission was procured for him in the Blues.

But, small as his fortune was, his family had both the power and the inclination to serve him. At the general election of 1734, his elder brother Thomas was chosen both for Old Sarum and for Oakhampton. When Parliament met in 1735, Thomas made his election to serve for Oakhampton, and William was returned for Old Sarum.

Walpole had now been, during fourteen years, at the head of affairs. He had risen to power under the most favourable circumstances. The whole of the Whig party, of that party which professed peculiar attachment to the principles of the Revolution, and which exclusively enjoyed the confidence of the reigning house, had been united in support of his administration. Happily for him, he had been out of office when the South-Sea Act was passed; and, though he does not appear to have foreseen all the consequences of that measure, he had strenuously opposed it, as he opposed all the measures, good and bad, of Sunder

land's administration. When the South-Sea Company were voting dividends of fifty per cent, when a hundred pounds of their stock were selling for eleven hundred pounds, when Threadneedle Street was daily crowded with the coaches of dukes and prelates, when divines and philosophers turned gamblers, when a thousand kindred bubbles were daily blown into existence, the periwig company, and the Spanish-jackass-company, and the quicksilver-fixation-company, Walpole's calm good sense preserved him from the general infatuation. He condemned the prevailing madness in public, and turned a considerable sum by taking advantage of it in private. When the crash came, when ten thousand families were reduced to beggary in a day, when the people, in the frenzy of their rage and despair, clamoured, not only against the lower agents in the juggle, but against the Hanoverian favourites, against the English ministers, against the King himself, when Parliament met, eager for confiscation and blood, when members of the House of Commons proposed that the directors should be treated like parricides in ancient Rome, tied up in sacks, and thrown into the Thames, Walpole was the man on whom all parties turned their eyes. Four years before he had been driven from power by the intrigues of Sunderland and Stanhope, and the lead in the House of Commons had been intrusted to Craggs and Aislabie. Stanhope was no

Aislabie was expelled from Parliament on account of his disgraceful conduct regarding the South-Sea scheme. Craggs was saved by a timely death from a similar mark of infamy.

A large minority in the House of Commons voted for a severe censure on Sunderland who, finding it impossible to withstand the force of the prevailing sentiment, retired from office, and outlived his retirement but a very short time.

The schism which had divided the


Whig party was now completely healed. Walpole had no opposition to encounter except that of the Tories; and the Tories were naturally regarded by the King with the strongest suspicion and dislike.

For a time business went on with a smoothness and a despatch such as had not been known since the days of the Tudors. During the session of 1724, for example, there was hardly a single division except on private bills. It is not impossible that, by taking the course which Pelham afterwards took, by admitting into the Government all the rising talents and ambition of the Whig party, and by making room here and there for a Tory not unfriendly to the House of Brunswick, Walpole might have averted the tremendous conflict in which he passed the later years of his administration, and in which he was at length vanquished. The Opposition which overthrew him was an Opposition created by his own policy, by his own insatiable love of power.

In the very act of forming his Ministry he turned one of the ablest and most attached of his supporters into a deadly enemy. Pulteney had strong public and private claims to a high situation in the new arrangement. His fortune was immense. vate character was respectable. He was already a distinguished speaker. He had acquired official experience in an important post. He had been, through all changes of fortune, a consistent Whig. When the Whig party was split into two sections, Pulteney had resigned a valuable place, and had followed the fortunes of Walpole. Yet, when Walpole returned to power, Pulteney was not invited to take office. An angry discussion took place between the friends. The minister offered a peerage. It was impossible for Pulteney not to discern the motive of such an offer. He indignantly refused to accept it. For some time he continued to brood over his wrongs, and to watch

His pri

for an opportunity of revenge. As soon as a favourable conjuncture arrived he joined the minority, and became the greatest leader of Opposition that the House of Commons had ever seen.

Of all the Members of the Cabinet Carteret was the most eloquent and accomplished. His talents for debate were of the first order; his knowledge of foreign affairs was superior to that of any living statesman; his attachment to the Protestant succession was undoubted. But there was not room in one Government for him and Walpole. Carteret retired, and was,

from that time forward, one of the most persevering and formidable enemies of his old colleague.

If there was any man with whom Walpole could have consented to make a partition of power, that man was Lord Townshend. They were distant kinsmen by birth, near kinsmen by marriage. They had been friends from childhood. They had been schoolfellows at Eton. They were country-neighbours in Norfolk. They had been in office together under Godolphin. They had gone into Opposition together when Harley rose to power. They had been persecuted by the same House of Commons. They had, after the death of Anne, been recalled together to office. They had again been driven out together by Sunderland, and had again come back together when the influence of Sunderland had declined. Their opinions on public affairs almost always coincided. They were both men of frank, generous, and compassionate natures. Their intercourse had been for many years affectionate and cordial. But the ties of blood, of marriage, and of friendship, the memory of mutual services, the memory of common triumphs and common disasters, were insufficient to restrain that ambition which domineered over all the virtues and vices of Walpole. He was resolved, to use his own metaphor, that the firm of the house should be,

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