The History of England, from the Accession of James the Second - Volume 5 by Thomas Babington Macaulay (i can read book club TXT) 📕

of their rents in kind, and were thus able, on their own domains, to live plentifully and hospitably. But there were many esquires in Kent and Somersetshire who received from their tenants a greater quantity of gold and silver than a Duke of Cordon or a Marquess of Atholl drew from extensive provinces. The pecuniary remuneration of the clergy was such as would have moved the pity of the most needy curate who thought it a privilege to drink his ale and smoke his pipe in the kitchen of an English manor house. Even in the fertile Merse there were parishes of which the minister received only from four to eight pounds sterling in cash. The official income of the Lord President of the Court of Session was only five hundred a year; that of the Lord Justice Clerk only four hundred a year. The land tax of the whole kingdom was fixed some years later by the Treaty of Union at little more than half the land tax of the single county of Norfolk. Four hundred thousand pounds probably bore as great a ratio to the wealth of Scotland then as forty millions would bear now.

The list of the members of the Darien Company deserves to be examined. The number of shareholders was about fourteen hundred. The largest quantity of stock registered in one name was three thousand pounds. The heads of three noble houses took three thousand pounds each, the Duke of Hamilton, the Duke of Queensbury and Lord Belhaven, a man of ability, spirit and patriotism, who had entered into the design with enthusiasm not inferior to that of Fletcher. Argyle held fifteen hundred pounds. John Dalrymple, but too well known as the Master of Stair, had just succeeded to his father's title and estate, and was now Viscount Stair. He put down his name for a thousand pounds. The number of Scotch peers who subscribed was between thirty and forty. The City of Edinburgh, in its corporate capacity, took three thousand pounds, the City of Glasgow three thousand, the City of Perth two thousand. But the great majority of the subscribers contributed only one hundred or two hundred pounds each. A very few divines who were settled in the capital or in other large towns were able to purchase shares. It is melancholy to see in the roll the name of more than one professional man whose paternal anxiety led him to lay out probably all his hardly earned savings in purchasing a hundred pound share for each of his children. If, indeed, Paterson's predictions had been verified, such a share would, according to the notions of that age and country, have been a handsome portion for the daughter of a writer or a surgeon.

That the Scotch are a people eminently intelligent, wary, resolute and self possessed, is obvious to the most superficial observation. That they are a people peculiarly liable to dangerous fits of passion and delusions of the imagination is less generally acknowledged, but is not less true. The whole kingdom seemed to have gone mad. Paterson had acquired an influence resembling rather that of the founder of a new religion, that of a Mahomet, that of a Joseph Smith, than that of a commercial projector. Blind faith in a religion, fanatical zeal for a religion, are too common to astonish us. But such faith and zeal seem strangely out of place in the transactions of the money market. It is true that we are judging after the event. But before the event materials sufficient for the forming of a sound judgment were within the reach of all who cared to use them. It seems incredible that men of sense, who had only a vague and general notion of Paterson's scheme, should have staked every thing on the success of that scheme. It seems more incredible still that men to whom the details of that scheme had been confided should not have looked into any of the common books of history or geography in which an account of Darien might have been found, and should not have asked themselves the simple question, whether Spain was likely to endure a Scotch colony in the midst of her Transatlantic dominions. It was notorious that she claimed the sovereignty of the isthmus on specious, nay, on solid, grounds. A Spaniard had been the first discoverer of the coast of Darien. A Spaniard had built a town and established a government on that coast. A Spaniard had, with great labour and peril, crossed the mountainous neck of land, had seen rolling beneath him the vast Pacific, never before revealed to European eyes, had descended, sword in hand, into the waves up to his girdle, and had there solemnly taken possession of sea and shore in the name of the Crown of Castile. It was true that the region which Paterson described as a paradise had been found by the first Castilian settlers to be a land of misery and death. The poisonous air, exhaled from rank jungle and stagnant water, had compelled them to remove to the neighbouring haven of Panama; and the Red Indians had been contemptuously permitted to live after their own fashion on the pestilential soil. But that soil was still considered, and might well be considered, by Spain as her own. In many countries there were tracts of morass, of mountain, of forest, in which governments did not think it worth while to be at the expense of maintaining order, and in which rude tribes enjoyed by connivance a kind of independence. It was not necessary for the members of the Company of Scotland trading to Africa and the Indies to look very far for an example. In some highland districts, not more than a hundred miles from Edinburgh, dwelt clans which had always regarded the authority of King, Parliament, Privy Council and Court of Session, quite as little as the aboriginal population of Darien regarded the authority of the Spanish Viceroys and Audiences. Yet it would surely have been thought an outrageous violation of public law in the King of Spain to take possession of Appin and Lochaber. And would it be a less outrageous violation of public law in the Scots to seize on a province in the very centre of his possessions, on the plea that this province was in the same state in which Appin and Lochaber had been during centuries?

So grossly unjust was Paterson's scheme; and yet it was less unjust than impolitic. Torpid as Spain had become, there was still one point on which she was exquisitely sensitive. The slightest encroachment of any other European power even on the outskirts of her American dominions sufficed to disturb her repose and to brace her paralysed nerves. To imagine that she would tamely suffer adventurers from one of the most insignificant kingdoms of the Old World to form a settlement in the midst of her empire, within a day's sail of Portobello on one side and of Carthagena on the other, was ludicrously absurd. She would have been just as likely to let them take possession of the Escurial. It was, therefore, evident that, before the new Company could even begin its commercial operations, there must be a war with Spain and a complete triumph over Spain. What means had the Company of waging such a war, and what chance of achieving such a triumph? The ordinary revenue of Scotland in time of peace was between sixty and seventy thousand a year. The extraordinary supplies granted to the Crown during the war with France had amounted perhaps to as much more. Spain, it is true, was no longer the Spain of Pavia and Lepanto. But, even in her decay, she possessed in Europe resources which exceeded thirty fold those of Scotland; and in America, where the struggle must take place, the disproportion was still greater. The Spanish fleets and arsenals were doubtless in wretched condition. But there were Spanish fleets; there were Spanish arsenals. The galleons, which sailed every year from Seville to the neighbourhood of Darien and from the neighbourhood of Darien back to Seville, were in tolerable condition, and formed, by themselves, a considerable armament. Scotland had not a single ship of the line, nor a single dockyard where such a ship could be built. A marine sufficient to overpower that of Spain must be, not merely equipped and manned, but created. An armed force sufficient to defend the isthmus against the whole power of the viceroyalties of Mexico and Peru must be sent over five thousand miles of ocean. What was the charge of such an expedition likely to be? Oliver had, in the preceding generation, wrested a West Indian island from Spain; but, in order to do this, Oliver, a man who thoroughly understood the administration of war, who wasted nothing, and who was excellently served, had been forced to spend, in a single year, on his navy alone, twenty times the ordinary revenue of Scotland; and, since his days, war had been constantly becoming more and more costly.

It was plain that Scotland could not alone support the charge of a contest with the enemy whom Paterson was bent on provoking. And what assistance was she likely to have from abroad? Undoubtedly the vast colonial empire and the narrow colonial policy of Spain were regarded with an evil eye by more than one great maritime power. But there was no great maritime power which would not far rather have seen the isthmus between the Atlantic and the Pacific in the hands of Spain than in the hands of the Darien Company. Lewis could not but dread whatever tended to aggrandise a state governed by William. To Holland the East India trade was as the apple of her eye. She had been the chief gainer by the discoveries of Gama; and it might be expected that she would do all that could be done by craft, and, if need were, by violence, rather than suffer any rival to be to her what she had been to Venice. England remained; and Paterson was sanguine enough to flatter himself that England might be induced to lend her powerful aid to the Company. He and Lord Belhaven repaired to London, opened an office in Clement's Lane, formed a Board of Directors auxiliary to the Central Board at Edinburgh, and invited the capitalists of the Royal Exchange to subscribe for the stock which had not been reserved for Scotchmen resident in Scotland. A few moneyed men were allured by the bait; but the clamour of the City was loud and menacing; and from the City a feeling of indignation spread fast through the country. In this feeling there was undoubtedly a large mixture of evil. National antipathy operated on some minds, religious antipathy on others. But it is impossible to deny that the anger which Paterson's schemes excited throughout the south of the island was, in the main, just and reasonable. Though it was not yet generally known in what precise spot his colony was to be planted, there could be little doubt that he intended to occupy some part of America; and there could be as little doubt that such occupation would be resisted. There would be a maritime war; and such a war Scotland had no means of carrying on. The state of her finances was such that she must be quite unable to fit out even a single squadron of moderate size. Before the conflict had lasted three months, she would have neither money nor credit left. These things were obvious to every coffeehouse politician; and it was impossible to believe that they had escaped the notice of men so able and well informed as some who sate in the Privy Council and Parliament at Edinburgh. In one way only could the conduct of these schemers be explained. They meant to make a dupe and a tool of the Southron.