Mr. Walpole was almost the only statesman in the House who spoke out boldly against it. He warned them, in eloquent and solemn language, of the evils that would ensue. It countenanced, he said, “the dangerous practice of stockjobbing, and would divert the genius of the nation from trade and industry. It would hold out a dangerous lure to decoy the unwary to their ruin, by making them part with the earnings of their labour for a prospect of imaginary wealth. The great principle of the project was an evil of first-rate magnitude; it was to raise artificially the value of the stock, by exciting and keeping up a general infatuation, and by promising dividends out of funds which could never be adequate to the purpose. In a prophetic spirit he added, that if the plan succeeded, the directors would become masters of the government, form a new and absolute aristocracy in the kingdom, and control the resolutions of the legislature.

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Much as the sage may affect to despise the opinion of the world, there are few who would not rather expose their lives a hundred times than be condemned to live on, in society, but not of it - a by-word of reproach to all who know their history, and a mark for scorn to point his finger at.

We all pay an involuntary homage to antiquity – a “blind homage,” as Bacon calls it in his “Novum Organum,” which tends greatly to the obstruction of truth. To the great majority of mortal eyes, Time sanctifies everything that he does not destroy. The mere fact of anything being spared by the great foe makes it a favourite with us, who are sure to fall his victims.

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Raymond of Toulouse, who, cognisant of the whole plan, had been left behind with the main body of the army, heard at this instant the signal horn, which announced that an entry had been effected, and, leading on his legions, the town was attacked from within and without. Imagination cannot conceive a scene more dreadful than that presented by the devoted city of Antioch on that night of horror. The Crusaders fought with a blind fury, which fanaticism and suffering alike incited. Men, women, and children were indiscriminately slaughtered, till the streets ran with blood. Darkness increased the destruction, for when morning dawned the Crusaders found themselves with their swords at the breasts of their fellow-soldiers, whom they had mistaken for foes. The Turkish commander fled, first to the citadel, and that becoming insecure, to the mountains, whither he was pursued and slain, and his grey head brought back to Antioch as a trophy. At daylight the massacre ceased, and the Crusaders gave themselves up to plunder. They found gold, and jewels, and silks, and velvets in abundance, but of provisions, which were of more importance to them, they found but little of any kind. Corn was excessively scarce, and they discovered to their sorrow that in this respect the besieged had been but little better off than the besiegers.

You have no enemies, you say?
Alas, my friend, the boast is poor.
He who has mingled in the fray of duty that the brave endure, must have made foes. If you have none, small is the work that you have done.

You’ve hit no traitor on the hip.
You’ve dashed no cup from perjured lip.
You’ve never turned the wrong to right.
You’ve been a coward in the fight.

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We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.

You have no enemies, you say? Alas, my friend, the boast is poor. He who has mingled in the fray of duty that the brave endure, must have made foes. If you have none, small is the work that you have done. You’ve hit no traitor on the hip. You’ve dashed no cup from perjured lip. You’ve never turned the wrong to right. You’ve been a coward in the fight.