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Memoirs of Extraordinary Popular Delusions — Volume 1 by Charles Mackay
page 104 of 314 (33%)
and animated debate, a series of resolutions were agreed to,
condemnatory of the conduct of the directors, of the members of the
Parliament and of the administration concerned with them; and
declaring that they ought, each and all, to make satisfaction out of
their own estates for the injury they had done the public. Their
practices were declared to be corrupt, infamous, and dangerous; and a
bill was ordered to be brought in for the relief of the unhappy
sufferers.

Mr. Charles Stanhope was the first person brought to account for his
share in these transactions. He urged in his defence that, for some
years past, he had lodged all the money he was possessed of in Mr.
Knight's hands, and whatever stock Mr. Knight had taken in for him, he
had paid a valuable consideration for it. As to the stock that had
been bought for him by Turner, Caswall, and Co. he knew nothing about
it. Whatever had been done in that matter was done without his
authority, and he could not be responsible for it. Turner and Co. took
the latter charge upon themselves, but it was notorious to every
unbiassed and unprejudiced person that Mr. Stanhope was a gainer of
the 250,000 pounds which lay in the hands of that firm to his credit.
He was, however, acquitted by a majority of three only. The greatest
exertions were made to screen him. Lord Stanhope, the son of the Earl
of Chesterfield, went round to the wavering members, using all the
eloquence he was possessed of to induce them either to vote for the
acquittal or to absent themselves from the house. Many weak-headed
country-gentlemen were led astray by his persuasions, and the result
was as already stated. The acquittal caused the greatest discontent
throughout the country. Mobs of a menacing character assembled in
different parts of London; fears of riots were generally entertained,
especially as the examination of a still greater delinquent was
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