In 1710 Addison, his cousin, then secretary to the lord lieutenant of Ireland, offered Budgell a clerkship; and until 1718 Budgell filled many posts with considerable ability. Meanwhile, after perhaps helping with The Tatler, he wrote his Spectator papers and a few for The Guardian. In 1718, when the Duke of Bolton became lord lieutenant, Budgell quarreled with him and was dismissed. His difficulties were aggravated by the loss of £20,000 in the South Sea Bubble, an incident involving the South Sea (trading) Company and the wild speculation of a number of investors. Budgell wrote libels against Sir Robert Walpole in the antigovernmental Craftsman and founded his own weekly, the Bee (1733–35), which ran to 100 numbers, many filled with vainglorious self-justification. Disliked by many, Budgell was criticized by Alexander Pope in the Epistle to Dr. Arbuthnot and in The Dunciad. His last years were spent in litigation concerning a will that he may have forged, making him beneficiary. Finally, Budgell weighted his pockets with stones and drowned himself.