The great source of the involvements, both of Sheridan himself and of the concern, is to be found in the enormous excess of the expense of rebuilding the Theatre in 1793, over the amount stated by the architect in his estimate. This amount was 75,000l.; and the sum of 150,000l., then raised by subscription, would, it was calculated, in addition to defraying this charge, pay off also the mortgage-debts with which the Theatre was encumbered. It was soon found, however, that the expense of building the House alone would exceed the whole amount raised by subscription; and, notwithstanding the advance of a considerable sum beyond the estimate, the Theatre was delivered in a very unfinished state into the hands of the proprietors,-only part of the mortgage-debts was paid off, and, altogether, a debt of 70,000l. was left upon the property. This debt Mr. Sheridan and the other proprietors took, voluntarily, and, as it has been thought, inconsiderately, upon themselves,—the builders, by their contracts, having no legal claim upon them,and the payment of it being at various times enforced, not only against the theatre, but against the private property of Mr. Sheridan, involved both in a degree of embarrassment from which there appeared no hope of extricating them.

Such was the state of this luckless property,and it would have been difficult to imagine any change for the worse that could befall it,-when,

early in the present year, an event occurred, that seemed to fill up at once the measure of its ruin. On the night of the 24th of February, while the House of Commons was occupied with Mr. Ponsonby's motion on the Conduct of the War in Spain, and Mr. Sheridan was in attendance, with the intention, no doubt, of speaking, the House was suddenly illuminated by a blaze of light; and, the Debate being interrupted, it was ascertained that the Theatre of Drury-Lane was on fire. A motion was made to adjourn; but Mr. Sheridan said, with much calmness, that "whatever might be the extent of the private calamity, he hoped it would not interfere with the public business of the country." He then left the House; and, proceeding to Drury-Lane, witnessed, with a fortitude which strongly interested all who observed him, the entire destruction of his property.*

Among his losses on the occasion there was one which, from being associated with feelings of other times, may have affected him, perhaps, more deeply than many that were far more serious.

* It is said that, as he sat at the Piazza Coffee-house, during the fire, taking some refreshment, a friend of his having remarked on the philosophic calmness with which he bore his misfortune, Sheridan answered, “ A man may surely be allowed to take a glass of wine by his own fire-side.”

- Without vouching for the authenticity or novelty of this anecdote, (which may have been, for aught I know, like the wandering Jew, a regular attendant upon all fires since the time of Hierocles,) I give it as I heard it.

A harpsichord, that had belonged to his first wife, and had long survived her sweet voice in silent widowhood, was, with other articles of furniture that had been moved from Somerset-House to the Theatre, lost in the flames.

The ruin thus brought upon this immense property seemed, for a time, beyond all hope of retrieval. The embarrassments of the concern were known to have been so great, and such a swarm of litigious claims lay slumbering under those ashes, that it is not surprising the public should have been slow and unwilling to touch them. Nothing, indeed, short of the intrepid zeal of Mr. Whitbread could have ventured upon the task of remedying so complex a calamity; nor could any industry less persevering have compassed the miracle of rebuilding and re-animating that edifice, among the many-tongued claims that beset and perplexed his enterprise.

In the following interesting letter to him from Sheridan, we trace the first steps of his friendly interference on the occasion :

"MY DEAR WHITBREAD,

"Procrastination is always the consequence of an indolent man's resolving to write a long detailed letter, upon any subject, however important to himself, or whatever may be the confidence he has in the friend he proposes to write to. To this must be attributed your having escaped the statement I threatened you with in my last letter, and the brevity with which I now pro

pose to call your attention to the serious, and to me, most important request, contained in this,—reserving all I meant to have written for personal communi

cation.

I pay you no compliment when I say that, without comparison, you are the man living, in my estimation, the most disposed and the most competent to bestow a portion of your time and ability to assist the call of friendship,-on the condition that that call shall be proved to be made in a cause just and honourable, and in every respect entitled to your protection.

On this ground alone I make my application to you. You said, some time since, in my house, but in a careless conversation only, that you would be a Member of a Committee for rebuilding Drury-Lane Theatre, if it would serve me; and, indeed, you very kindly suggested, yourself, that there were more persons disposed to assist that object than I might be aware of. I most thankfully accept the offer of your interference, and am convinced of the benefits your friendly exertions are competent to produce. I have worked the whole subject in my own mind, and see a clear way to retrieve a great property, at least to my son and his family, if my plan meets the support I hope it will appear to merit.

"Writing thus to you in the sincerity of private friendship, and the reliance I place on my opinion of your character, Ineed not ask of you, though eager and active in politics as you are, not to be severe in criticising my palpable neglect of all parliamentary duty. It would not be easy to explain to you, or even to make you comprehend, or any one in prosperous and affluent plight, the private difficulties I have to struggle with. My mind, and the resolute independence belonging to it,

has not been in the least subdued by the late calamity; but the consequences arising from it have more engaged and embarrassed me than, perhaps, I have been willing to allow. It has been a principle of my life, persevered

in through great difficulties, never to borrow money of a private friend; and this resolution I would starve rather than violate. Of course, I except the political aid of election-subscription. When I ask you to take a part in the settlement of my shattered affairs, I ask you only to do so after a previous investigation of every part of the past circumstances which relate to the trust I wish you to accept, in conjunction with those who wish to serve me, and to whom I think you could not object. I may be again seized with an illness as alarming as that I lately experienced. Assist me in relieving my mind from the greatest affliction that such a situation can again produce, the fear of others suffering by my death.

"To effect this little more is necessary than some resolution on my part and the active superintending advice of a mind like yours.

"Thus far on paper : I will see you next therefore will not trouble you for a written reply.”

and

Encouraged by the opening which the destruction of Drury-Lane seemed to offer to free adventure in theatrical property, a project was set on foot for the establishment of a Third Great Theatre, which, being backed by much of the influence and wealth of the city of London, for some time threatened destruction to the monopoly that had existed so long. But, by the exertions of Mr. Sheridan and his friends, this scheme was