FREE BOOKS

Author's List




PREV.   NEXT  
|<   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162  
163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   >>   >|  
uccession of wonderful avenues, chambers, domes, abysses, grottoes, lakes, rivers, cataracts and other marvels, which are too well known to need more than a reference. One chamber--the Star--is about 500 feet long, 70 feet wide, 70 feet high, the ceiling of which is composed of black gypsum, and is studded with innumerable white points, that by a dim light resemble stars, hence the name of the chamber. There are avenues one and a half and even two miles in length, some of which are incrusted with beautiful formations, and present the appearance of enchanted palace halls. There is a natural tunnel about three-quarters of a mile long, 100 feet wide, covered with a ceiling of smooth rock 45 feet high. There is a chamber having an area of from four to five acres, and there are domes 200 and 300 feet high. Echo River is some three-fourths of a mile in length, 200 feet in width at some points, and from 10 to 30 in depth, and runs beneath an arched ceiling of smooth rock about 15 feet high, while the Styx, another river, is 450 feet long, from 15 to 40 feet wide, and from 30 to 40 feet deep, and is spanned by a natural bridge. Lake Lethe has about the same length and width as the river Styx, varies in depth from 3 to 40 feet, lies beneath a ceiling some 90 feet above its surface, and sometimes rises to a height of 60 feet. There is also a Dead Sea, quite a somber body of water. There are several interesting caves in the neighborhood, one three miles long and three each about a mile in length. THE SOUTH SEA BUBBLE.--The "South Sea Bubble," as it is generally called, was a financial scheme which occupied the attention of prominent politicians, communities, and even nations in the early part of the eighteenth century. Briefly the facts are: In 1711 Robert Hartley, Earl of Oxford, then Lord Treasurer, proposed to fund a floating debt of about L10,000,000 sterling, the interest, about $600,000, to be secured by rendering permanent the duties upon wines, tobacco, wrought silks, etc. Purchasers of this fund were to become also shareholders in the "South Sea Company," a corporation to have the monopoly of the trade with Spanish South America, a part of the capital stock of which was to be the new fund. But Spain, after the treaty of Utrecht, refused to open her commerce to England, and the privileges of the "South Sea Company" became worthless. There were many men of wealth who were stockholders, and the company continued to flour
PREV.   NEXT  
|<   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162  
163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   >>   >|  



Top keywords:

ceiling

 

length

 

chamber

 

avenues

 

Company

 

smooth

 

natural

 
beneath
 

points

 

prominent


Oxford
 

Bubble

 

scheme

 

financial

 
proposed
 
generally
 

occupied

 

politicians

 

Treasurer

 

attention


eighteenth

 

floating

 

called

 

century

 
BUBBLE
 

Hartley

 

Briefly

 
Robert
 

communities

 

nations


tobacco

 

refused

 

Utrecht

 

commerce

 

treaty

 

England

 

privileges

 

stockholders

 
company
 

continued


wealth

 

worthless

 

capital

 

America

 

duties

 

permanent

 

neighborhood

 

rendering

 
secured
 

sterling