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THREE:The opening of the year 1840 saw no flagging in the efforts of the Manchester men to bring forward the question, which the Annual Register had just regarded as finally set at rest. It had[484] been determined that a great meeting of delegates should be held in that city. There was no hall large enough to hold half of the then members even of the local association, and it was therefore resolved to construct one. Mr. Cobden owned nearly all of the land then unbuilt on in St. Peter's Field��the very site of the Peterloo massacre of 1819. In eleven days one hundred men constructed on this spot a temporary pavilion, which afterwards gave place to the permanent Free Trade Hall, which long continued to be the favourite scene of great political meetings. The Manchester Times described the pavilion as comprising an area of nearly 16,000 square feet. It contained seats for dining 3,800 persons, and 500 more were admitted after the dinner. Among the most conspicuous speakers at the banquet were Daniel O'Connell, Mr. Cobden, and Mr. Milner Gibson; but perhaps the most interesting feature in the proceedings was the operatives' banquet, which took place on the following day. Five thousand working men, overlooked by their wives, sisters, and daughters in the galleries, sat down on that occasion. It was evident from this that the people were emancipating themselves from the advice of evil counsellors, and were beginning to see the importance to their interests of the movement of the League.

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THREE:But it was not to Great Britain only that this want of generosity was shown. No people rejoiced more vehemently than they did��none, indeed, so much��over the fall and execution of Louis XVI. of France, the one monarch of Europe who had been their chief benefactor, without whose powerful aid they would have fought and struggled in vain, and who had, in fact, lost his crown and his head, and his empire to his family, by sending his soldiers to learn Republicanism amongst them. There were feasts and public rejoicings in the United States to commemorate the death of Louis, who was, in fact, the martyr of America. What was equally extraordinary, whilst they exulted in the French Republic, they followed with an equal admiration the career of Buonaparte, who crushed that Republic, and raised up a despotism opposed in its principles to all the political professions of Americans. But it was the idea that he was born to humble and, perhaps, blot out Great Britain from the list of nations, which served to render Napoleon so especially the object of their unbounded eulogies. His victories were celebrated nowhere so vociferously as in the United States, through the press, the pulpit, and in general oratory. With them he was the Man of Destiny, who was to overthrow all kings but himself, and drive Great Britain from her dominion of the seas.But meanwhile in Italy the French had been completely successful. Buonaparte reached the French headquarters at Nice on the 26th of March, and immediately set himself to organise and inspirit the forces, which were in great disorder; he found the commissariat also in a deplorable condition. The troops amounted to fifty thousand; the Austrians, under the veteran General Beaulieu, to considerably more. The united army of the Sardinians and Austrians, Beaulieu on the left, d'Argenteau in the centre, and Colli with the Piedmontese division on the right, hastened to descend from the Apennines, to which they had retreated at the end of the last campaign. Beaulieu met the French advanced guard at Voltri, near Genoa, on the 11th of April, and drove it back. But d'Argenteau had been stopped in the mountains by the resistance of a body of French, who occupied the old redoubt of Montenotte. Buonaparte, apprised of this, hurried up additional forces to that point, and defeated d'Argenteau before Beaulieu or Colli could succour him. Having now divided the army of the Allies, Buonaparte defeated a strong body of Austrians under General Wukassowich; and having left Colli and the Piedmontese isolated from their Allies, debouched by the valley of Bormida into the plains of Piedmont. Beaulieu retreated to the Po, to stop the way to Milan; and Buonaparte, relieved of his presence, turned against Colli, who was compelled to retreat to Carignano, near Turin. Trembling for his capital, and with his means exhausted, Victor Amadeus made overtures for peace, which were accepted; the terms being the surrender of all the Piedmontese fortresses and the passes of the Alps into the hands of the French, and the perpetual alienation of Nice and Savoy. This humiliation broke the heart of the poor old king, who died on the 16th of October. Buonaparte, however, did not wait for the conclusion of this peace; the truce being signed, he hastened on after Beaulieu whom he defeated and drove across the Po. Beaulieu next posted himself at Lodi, on the Adda; but Buonaparte, after a fierce contest, drove him from the bridge over the Adda on the 10th of May, and with little further opposition pursued him to Milan. Beaulieu still retreated, and threw himself into the fastnesses of the Tyrol. On the 15th Buonaparte made a triumphal entry into Milan, and immediately sent troops to blockade Mantua. Buonaparte then advanced into the Papal States, rifling the Monti de Piet�� at Bologna and Ferrara. Everywhere contributions were demanded at the point of the bayonet, and French authorities superseded the native ones. Pius VI. made haste to sue for peace, and it was granted on the most exorbitant terms. Fifteen millions of francs must be paid down in cash, six millions in horses and other requisites for the army. A great number of paintings and statues were to be selected from the galleries of art, and five hundred manuscripts from the library of the Vatican. The provinces of Ferrara and Bologna must be ceded; the port and citadel of Ancona, and all the Papal ports, must be closed against the British. This most costly peace was signed on the 23rd of June, and Buonaparte hastened northward to stop the advance of the army of Wurmser, which had been sent through the Tyrol to compete with the rising Corsican.

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THREE:It was agreed between the Catholic Powers that the Papal territory should be invaded at the same time by Neapolitan, Austrian, and French troops. France was determined to have the chief part, and, if possible, all the glory of the enterprise. Odillon Barrot, President of the Council, explained the objects of the French expedition, on the 16th of April. The Minister demanded extraordinary credit for the expenses of the expedition. It was promptly voted without any opposition, save some murmurs from the Left. An expedition was immediately organised, and an army, 6,000 strong, was embarked at Marseilles, with astounding celerity, on the 22nd of April, 1849, under the command of General Oudinot. But the Romans had no confidence in their professed protectors. On the contrary, they set about making all possible preparations for the defence of the city. In consequence of the hints he had got, however, Oudinot sent forward a reconnoitring party, which was saluted with a fire of artillery, certainly not meant as a feu de joie. The French general then ordered an attack upon two gates, the Portese and San Pancrazio, both on the right bank of the Tiber. The Romans repelled them at both points with a discharge of grape-shot, and they were compelled to retire with heavy loss; General Garibaldi, with his Lombard legion, having surrounded a retreating column, and made 200 prisoners. After this mortifying repulse, Oudinot retired to Palo, near Civita Vecchia, to await reinforcements, in order to enable him to vindicate the honour of the French arms, which could now be done only by the capture of Rome; and the French Government were probably not sorry to have this pretext for their unwarrantable course of aggression. In the meantime reinforcements were rapidly sent from Toulon. During this period a Neapolitan army, 16,000 strong, commanded by the king in person, had entered the States of the Church. Garibaldi, disregarding the orders of Roselli, went forth to meet the invaders, fell upon them with the suddenness of a thunderbolt, won a victory over them, and compelled them to retreat. All negotiations having failed, the French general commenced a regular siege. The city was cannonaded from the 11th to the 21st of June, when Garibaldi assured the Triumvirs that the defence was no longer possible. So Pius IX. was restored by foreign bayonets. Shortly after, the Pope issued a decree, proprio motu, containing a programme of "liberal institutions," so far as they were compatible with an absolute authority, enjoyed in virtue of Divine Right. The people were up for a brief period; they were now down, and would be kept down, if possible. They had presumed to think that they were the source of political power; that they could give their representatives the right of making laws and dethroning kings; but they must now learn that their business was to obey, and submit to anything which their superiors might think proper, of their own will and pleasure, to ordain.The South Sea Company, with a folly of which extreme greed only is capable, endeavoured to put down these rival schemes and obtained an order from the Lords Justices and writs of scire facias against several of these new bubbles. It was like raising a wind to blow away the bubbles, forgetting that their own was a bubble too, and would go with them. The moment that the people began to distrust one they distrusted all. The panic became as great as the mania had been. The South Sea stock dropped in less than a month from one thousand to below six hundred. There was a simultaneous rush to sell out, and the shares must have sunk instantly to nil but for the gigantic exertions of the Company to raise money and buy in. The relief, however, was but temporary. The bankers and pawnbrokers who had advanced money on scrip broke and fled; merchants, goldsmiths, and speculators rushed away after them. Walpole was summoned in haste from Haughton to devise some means of staying the panic. He endeavoured to get the Bank of England to circulate three millions of South Sea bonds for a year; but the Bank, seeing that the case was desperate, declined it. This was decisive. The rage and despair of the swarming dupes were indescribable. They heaped[48] execrations not only on the South Sea Company, but on Ministers, the king, his mistresses, and the Royal Family, who had all been deep in the affair, and who had taken good care of themselves. George landed at Margate on the 9th of November, soon after which the South Sea stock fell to one hundred and thirty-five. On the 8th of December Parliament met, and promptly began to investigate the scandal.

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