The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-07
1.-THE. DARIE]N BUBBLE
AND ITS BURSTING
chancellor was directed 10 pu. tho great

chancellor was directed to put tho great
seal without delay.
Subscription books were opened. shares
fixed at q hundred pounds sterling each
and from the Pentland Firth to tho SAL
way Firth every man who had that much
was Impatient to put down his name.
About two hundred anu twenty tho,,-
sand pounds wcro hctunny paid In, ana
while this may now appear small 1t was
q larger. proportion OF their substance
than any othor people ever contributed
in the Same space OF time when their
poverty Is considered.
Weary rs tho Scotch have ever been
the whole Kingdom seemed to have gona
wild. PATTERSON had acquired an influence
resembling that OF the founder of n new
religion.
TRESPASSERS
It seems incredtable now that men OF
sense who had only a vague idea of
Pattenons scheme, should have thus
stakcd everything. 1t seems vet more
Incredible that none should have looked
into any OF the common books Of history
or geography in which an account OF Da-
r!en might have been found and asked
themselves whether Spain was likely to
endure q Scotch Colony In the heart of
her transatlantic domnions. 1t should
have been known that she claimed the
sovereignty OF the lsthmus on solid
grounds a spaniard had been the first
to discover the coast OF Daricn establish
Ing town and government on the
/ coast. A Spaniard had crossed the noun
famous neck Of land. had been rolling be-
heath him the vast Pacific. never before
revealed to European eyes; had descend
ed. sword in hand into the waves up to
his girdle and solemnly taken possession
OF the sea and shore In the name OF the
Crown Of CASTLE. Decrcpd and torpid
as Spain was in Pattersons day she was
yet Jealous of her possessions, and her
resources for defending them must have
been fifty times greater than Scotland's,
who could have little hope of foreign as
sistance from any quarter. France could
not view with favor any property to n
State governed by England. while Holland
regarded tho East India trade as the APP
pie OF her eye.
Regardless, IL ignorant. OF all this, Pat
terson went to London and opened sub,
scriptions there. He met with such sue
cess that the attention OF Parliament was
called to the company and its grant Of
powers and a halt was called. Witnesses
We're summoned and examined One peer
said: "If these Scots are to have their
way ! should go and settle in Scotland
and not stay here to be made beggar.''
The Commons addressed the throne and
introduced Impeachment proceedings.
against prominent Englishmen who had
given the company encouragement. Pat
terson had thus excited as much opposition
In London as could have existed at Mad
rid, but he made his escape returning to
Scotland where the proverbial pride OF
the Scotch or their cupidity proved too
much for their proverbial shrewdness.
The actions Of the English Lords and
Commons were treated with marked con-
tempt Money was poured faster than
ever into the treasury of the company:
costly ofice-buiding was bought and
fitted up; at the expense OF fifty thousand
pounds few vessels were procured, and
with this force. hardly sufficient to keep
the pirates Of Sallee in check, the COM
pany threw down the gauntlet to all the
maritime powers of the world.
THE EXPEDITION.
In the summer OF 1859 all was ready for
/ the expedition which was to change the
face of the globe. The number of seamen
and colonists who embarked at Lelth was
100. It was impossible to find room for
all who were DESTROYS of emigrating. 1t
was said that some who had applied
vainly for passage hid themselves In dark
corners and when discovered, refused to
go ashore and chung to the rigging. when
at last removed by force. Few knew to
what place they Were going. All that
was certain was that colony was to
be planted somewhere named Caledonia.
Supreme direction Of the expedition was
given to Council OF Seven. Two Pres
byterian chaplins and a percentor We're
on board. A cargo had been laid In.
which was later the subject Of much
mirth to enemies of the company. Slip
pers innumerable; four thousand peri
wigs of all kinds from plain hobs up to
| magnificent structures which in that age
lowered high above the foreheads and de-
scended to the elbows Of men Of fashion;
bales of Scotch woollen stuffs which no.
body in the tropics could wear, and many
hundreds of English Bibles which neither
Spaniard nor Indian could read.
Patterson, flushed with pride and hope,
rot only accompanied the expedition but
took with him his wife, a comedy dame,
whose heart he had won in London.
where she had presided over one of the
great coffee-houses In the neighborhood
Of the Royal Exchange. And on the
25th Of July, 1898. the ships, followed by
many fearful eyes. and commended to
Heaven in many earnest, If vain. prayers.
sailed out of the estuary of the Forth
The voyage was long. and the adven-
turers suffered much-scanty ratlons, Bit
ter complaints both of bread and meat,
and when the little fleet touched at Ma
deira, those gentlemen who had fine
clothes among their baggage gladly ex-
changed them for provisions and wine.
From Madeira the Adventures ran across
the Atlantic, landed on an unnhabited
istel between Porto Rico and st. Thomas,
took possession and hoisted the white
cross of st. Andrews in the name of the
Company. They were Immediately warm
ed Off by an officer, who informed them
they were trespassing on the territory of
the King Of Denmark. They procured
THE RIGHT THING.