Gross: Neptune & the South Sea Bubble
government UK had the Solar Arc: o = y/j: “Living with hope and speculation; dreaming…”, the perfect kick off to UK’s o on q experience. Meanwhile, South Sea Company’s major Solar Arcs for late 1719 include: • “ = e/j “Becoming prominent and influential; putting one’s personal stamp on something.” • y = i/o “Good luck coming out of nowhere; rejuvenation of the spirit.” • w = j “Focus on personal needs and relationships to fulfill them.”
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HE RELIABLE REWARD CYCLE: u A q Noel Tyl describes y’s twelve year cycle to an individual’s natal q as the reward cycle.34 Working toward one’s goals at other times may or may not be rewarded, but preparation in gear with this cycle invariably is rewarded when y is conjunct one’s q. South Sea Company was incorporated at the time of a q D y, y ahead of the q zodiacally. The company’s “ship” was due to come in therefore exactly ¾ of a reward cycle, or 9 years later, 1720. Furthermore, y to South Sea’s q meant it was conjunct UK’s 8th house w simultaneously. Good news for the company had to be good news for UK’s debt burden problem as well signaling the public’s “era of good feeling” sentiment!
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IRST PASS: y CROSSES SOUTH SEA’S q (& UK’S w) There would be three passes of y to South Sea Company’s q and UK’s w. The first was on October 23, 1719, followed quickly by y’s opposition to South Sea’s MC on November 2nd. This was the time that South Sea Company and government negotiators were finalizing details of the debt reduction scheme that would be included in the King’s opening speech to Parliament on November 23rd. The ambitious scheme sought to convert the entire national debt amounting to 31-million pounds sterling into South Sea shares. The reward cycle brought more good news late in the year when peace was once again declared with Spain on good terms, breathing new life into South Sea’s trading hopes! South Sea’s proposal was formerly offered to Parliament on January 22, 1720 by John Aislabie, the current Chancellor of the Exchequer. Not only did he argue in favor of the proposal he made a quick trade on South Sea’s stock based on his inside information of the proposal’s tim-
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Noel Tyl, 1994, pp. 496-7.
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