The nation was alarmed by the circulation of fictitious wealth, instead of gold and silver, such as bank bills, exchequer tallies, and government securities.

The malcontents took this opportunity to exclaim against the bank, and even attempted to shake the credit of it in parliament; but their endeavours proved abortive--the monied interest preponderated in both houses.] [Footnote 059: N, p.58.The regency was composed of the archbishop of Canterbury; Somers, lord-keeper of the great seal; the earl of Pembroke, lord-privy-seal; the duke of Devonshire, lord-steward of the household; the duke of Shrewsbury, secretary of state; the earl of Dorset, lord-chamberlain; and the lord Godolphin, first commissioner of the treasury.

Sir John Trenchard dying, his place of secretary was filled by sir William Trumbal, an eminent civilian, learned, diligent, and virtuous, who had been envoy at Paris and Constantinople.

William Nassau de Zulycrstein, son of the king's natural uncle, was created baron of Enfield, viscount Tunbridge, and earl of Rochibrd.

Ford, lord Grey of Werke, was made viscount Glendale, and earl of Tankerville.