d for baubles, to which, more than to
any intellectual quality, Pitt owed his long ascendency, were wanting to
Montague.

The faults of Montague were great; but his punishment was cruel. It was
indeed a punishment which must have been more bitter than the bitterness
of death to a man whose vanity was exquisitely sensitive, and who had
been spoiled by early and rapid success and by constant prosperity.
Before the new Parliament had been a month sitting it was plain that his
empire was at an end. He spoke with the old eloquence; but his speeches
no longer called forth the old response. Whatever he proposed was
maliciously scrutinised. The success of his budget of the preceding year
had surpassed all expectation. The two millions which he had undertaken
to find had been raised with a rapidity which seemed magical. Yet for
bringing the riches of the City, in an unprecedented flood, to
overflow the Exchequer he was reviled as if his scheme had failed more
ludicrously than the Tory Land Bank. Emboldened by his unpopularity,
the Old East India Company presented a petition praying that the General
Society Act, which his influence and eloquence had induced the late
Parliament to pass, might be extensively modified. Howe took the matter
up. It was moved that leave should be given to bring in a bill according
to the prayer of the petition; the motion was carried by a hundred and
seventy-five votes to a hundred and forty-eight; and the whole question
of the trade with the Eastern seas was reopened. The bill was brought
in, but was, with great difficulty and by a very small majority, thrown
out on the second reading. [17] On other financial questions Montague,
so lately the oracle of the Committee of Supply, was now heard with
malevolent distrust. If his enemies were unable to detect any flaw in
his reasonings and calculations, they could at least whisper that Mr.
Montague was very cunning, that it was not easy to track him, but that
it might be taken for granted that for whatever he did he had some
sinister motive, and that the safest course was to negative whatever he
proposed. Though that House of Commons was economical even to a vice,
the majority preferred paying high interest to paying low interest,
solely because the plan for raising money at low interest had been
framed by him. In a despatch from the Dutch embassy the States General
were informed that many of the votes of that session which had caused
astonishment out of doo