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It was at the close of 1719, when George I. returned from Hanover, that this Company proposed to Ministers to consolidate all the funds into one. It was strange that both Ministers and merchants could be deluded by the hope of enriching themselves by a share of the trade with the Spanish South American provinces, when Spain herself, in full enjoyment of them, was sunk into indigence and weakness, and presented the most determined resistance to the unfettered intercourse of any other nation with them. Yet Sir John Blunt, a leading director of the South Sea Company, persuaded the Ministers that by granting the Company power to deal with the public funds, and especially to buy up the unredeemable annuities which had been granted in the two preceding reigns, chiefly on terms of ninety-nine years, and which now amounted to about eight hundred thousand pounds a year, they could, in twenty-six years, pay off the entire National Debt. But, to enable them to do this, they must be empowered to reduce all the different public securities to one aggregate fund in their hands, to convert both redeemable and unredeemable debts into stock by such arrangements as they could make with the holders, and to have certain commercial privileges vested in them. Ministers accepted the proposals with great alacrity. Aislabie introduced the scheme to Parliament in the month of February, 1720, declaring that, if it was accepted by the House, the prosperity of the nation would be amazingly enhanced, and all its debts liquidated in a very few years. Craggs seconded the proposal in most sanguine terms, expressing his conviction that every member of the House must be ready to adopt so advantageous an offer. Ministers had already closed with the proposals of the Company, and they were themselves greatly disconcerted by the suggestion of Mr. Thomas Brodrick, the member for Stockbridge, who expressed his entire accordance with Ministers, but thought that the nation should endeavour to obtain the best terms for itself by opening the competition to every other company or association of men as well as that in question. Ministers were confounded by this proposal, and Aislabie endeavoured to get out of it by declaring that to do this would be like putting the nation up to auction, and that such things should be done with spirit. But Jekyll interposed, saying it was this spirit which had ruined the nation, and it was now requisite to consider seriously what was best for the public. A violent debate ensued, in which Walpole eloquently recommended open competition, and was sharply replied to by Lechmere. The question was carried in favour of competition; and then the Bank of England, which before had coolly declined to enter into the proposals, suddenly appeared in a new temper, and made liberal offers for the privilege of thus farming the public debts. But the South Sea Company was not to be outdone; it offered seven millions and a half, and the Bank gave way in despair.
ONE:

DANIEL PRATT

TWO:After contending with such difficultiesfor the Committee was, in truth, combating with all the powers of the Crownit was not likely that it would produce a very effective report. In fact, desirable as it was that a deep and searching inquiry should have been made, and the mysteries of that long reign of corruption thrown open, the fact that the Monarch and the Minister had gone hand in hand through the whole of it was, on the very surface, fatal to any hope of a successful issue, and what rendered this fatality greater was, that the Committee too obviously went into the question hotly to crush an old antagonist who had defeated and humiliated them for a long course of years, rather than to serve the nation. When, therefore, on the 30th of June, they presented their report, the feeling, on its perusal, was one of intense disappointment. It alleged that, during an election at Weymouth, a place had been promised to the Mayor if he would use his influence in obtaining the nomination of a retiring officer, and that a church living had been promised to the Mayor's brother-in-law for the same purpose; that some revenue officers, who refused to vote for the ministerial nominees, were dismissed; that a fraudulent contract had been given to Peter Burrell and John Bristow, two members of the House of Commons, for furnishing money in Jamaica for the payment of the troops, by which they had pocketed upwards of fourteen per cent. But what were these few trifling and isolated cases to that great system of corruption which the public were satisfied had spread through all Walpole's administration, and which abounded with far more wonderful instances than these? The very mention of them, and them alone, was a proclamation of defeat.

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ONE:"Buckingham Palace,Nothing could exceed the consternation and indignation of the Spanish people when they found their great strongholds guarding the entrances from France into the country thus in the hands of the French. Had there been a king of any ability in Spain, an appeal to the nation would, on this outrage, have roused it to a man, and the plans of Buonaparte might have been defeated. But Godoy, knowing himself to be the object of national detestation, and dreading nothing so much as a rising of the people, by whom he would most certainly be sacrificed, advised the royal family to follow the example of the Court of Portugal, and escape to their trans-Atlantic dominions; which advice could only have been given by a miscreant, and adopted by an idiot. To surrender a kingdom and a people like those of Spain, without a blow, was the extreme of cowardice. But, as if to urge the feeble king to this issue, at this moment came a letter from Buonaparte, upbraiding him with having received his acceptance of the match between their houses coldly. Charles, terrified in the extreme, wrote to declare that nothing lay so near his heart, and at the same time made preparations to be gone. The intention was kept as secret as possible, but the public soon became aware of the Court's proposed removal from Madrid to Cadiz, in order then to be able to embark for America. The Prince of Asturias and his brother protested against the project; the Council of Castile remonstrated; the populace were in a most tumultuous state, regarding the plan as originating with Godoy, and surrounded the palace with cries and gestures of dissatisfaction. The king was in a continual state of terror and irresolution, but Godoy pressed on matters for the flight.
THREE:The minute subdivision of land which placed the population in a state of such complete dependence upon the potato was first encouraged by the landlords, in order to multiply the number of voters, and increase their Parliamentary interest; but subsequently, as the population increased, it became in a great measure the work of the people themselves. The possession of land afforded the only certain means of subsistence, and a farm was therefore divided among the sons of the family, each one, as he was marriedwhich happened earlyreceiving some share, and each daughter also often getting a slice as her marriage-portion. In vain were clauses against subletting inserted in leases; in vain was the erection of new houses prohibited; in vain did the landlord threaten the tenant. The latter relied upon the sympathy of his class to prevent ejectment, and on his own ingenuity to defeat the other impediments to his favourite mode of providing for his family. This process was at length carried to an extreme that became perfectly ludicrous. Instead of each sub-tenant or assignee of a portion of the farm receiving his holding in one compact lot, he obtained a part of each particular quality of land, so that his tenement consisted of a number of scattered patches, each too small to be separately fenced, and exposed to the constant depredations of his neighbours' cattle, thus affording a fruitful source of quarrels, and utterly preventing the possibility of any improved system of husbandry. These small patches, however, were not numerous enough to afford "potato gardens" for the still increasing population, and hence arose the conacre system, by which those who occupied no land were enabled to grow potatoes for themselves. Tempted by the high rent, which varied from 8 to 14 an acre without manure, the farmers gave to the cottiers in their neighbourhood the use of their land merely for the potato crop, generally a quarter of an Irish acre to each. On this the cottier put all the manure he could make by his pig, or the children could scrape off the road during the year, and "planted" his crop of potatoes, which he relied upon as almost the sole support of his family. On it he also fed the pig, which paid the rent, or procured clothes and other necessaries if he had been permitted to pay the rent with his own labour. The labourer thus became a commercial speculator in potatoes. He mortgaged his labour for part of the ensuing year for the rent of his field. If his speculation proved successful, he was able to replace his capital, to fatten his pig, and to support himself and his family, while he cleared off his debt to the farmer. If it failed, his former savings were gone, his heap of manure had been expended to no purpose, and he had lost the means of rendering his pig fit for the market. But his debt to the farmer still remained, and the scanty wages which he could earn at some periods of the year were reduced, not only by the increased number of persons looking for work, but also by the diminished ability of the farmers to employ them. Speculation in potatoes, whether on a large or small scale, had always been hazardous in the southern and westerly portions of Ireland. There had been famines from the failure of that crop at various times, and a remarkably severe one in 1822, when Parliament voted 300,000 for public works and other relief purposes, and subscriptions were raised to the amount of 310,000, of which 44,000 was collected in Ireland. In 1831 violent storms and continual rain brought on another failure of the potato crop in the west of Ireland, particularly along the coast of Galway, Mayo, and Donegal. On this occasion the English public, with ready sympathy, again came forward, and subscriptions were raised, amounting to about[537] 75,000. On several other occasions subsequently, the Government found it necessary to advance money for the relief of Irish misery, invariably occasioned by the failure of the potatoes, and followed by distress and disease. The public and the Legislature had therefore repeated warnings of the danger of having millions of people dependent for existence upon so precarious a crop.

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THREE:Parliament met on the 15th of November, when Mr. Abercromby was unanimously re-elected Speaker. On the 20th the Queen opened the new Parliament in person. In the Royal Speech the serious attention of the Legislature was requested to the consideration of the state of the province of Lower Canada, which had now become a question that could not be any longer deferred. The demands of the inhabitants of that province were so extravagant that they were regarded by Sir Robert Peel as revolutionary. They demanded, not only that the Executive Council should be responsible to the House of Representatives, but also that the Senate, or Upper House, then nominated by the Crown, should be elected by the people. The Home Government, sustained by an overwhelming majority of the House of Commons, rejected the demand; and when the news reached Canada, the Lower Province was quickly in a flame of rebellion. Violent harangues were delivered to excited assemblies of armed men, who were called upon to imitate the glorious example of the United States, and break the yoke of British oppression. Fortunately, disaffection in the Upper Provinces was confined to a minority. The Loyalists held counter-demonstrations at Montreal; regiments of volunteers to support the Government and maintain the British connection were rapidly formed, and filled up by brave men determined to lay down their lives for the fair young Queen who now demanded their allegiance. Sir Francis Head had so much confidence in the inhabitants of the Upper Provinces that he sent all the regular troops into Lower Canada for the purpose of suppressing the insurrection. A small force, under the command of Colonel Gore, encountered 1,500 of the rebels so strongly posted in stone houses in the villages of St. Denis and St. Charles that they were obliged to retreat before the well directed fire from the windows, with the loss of six killed and ten wounded, leaving their only field-piece behind. Among the wounded was Lieutenant Weir, who was barbarously murdered by the insurgents. At St. Charles, Colonel Wetherall, at the head of another detachment, stormed the stronghold of the rebels, and completely routed them, after an obstinate resistance, with a loss of only three killed and eighteen wounded. The strength of the insurgents,[446] however, lay in the country of the Two Mountains, where they were pursued by Sir John Colborne in person, with a force of 13,000 men, including volunteers. Many of them took to flight at his approach, including their commander Girod, who, on being pursued and captured, shot himself. But 400 rebels, commanded by Dr. Chenier, took up a position in a church and some other buildings, around which they erected barricades, and there made a desperate resistance for two hours. Next day the British troops proceeded to another stronghold of the rebels, St. Benoit, which they found abandoned, and to which the exasperated loyalists set fire. Papineau, the leader of the insurrection, had escaped to New York.

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ONE:By permission, from the Picture in the Corporation of Leicester Art Gallery.The first Session of the National Assembly was opened by the king in person on the 22nd of[577] May, but it did not conduct itself in a manner to recommend universal suffrage, or to make the friends of orderly government enamoured of revolution. Eventually it was dispersed by force. The new Chambers were opened on the 26th of February by the king in person, Count Brandenburg having led him to the throne. He stated that circumstances having obliged him to dissolve the National Assembly, he had granted to the nation a Constitution which by its provisions fulfilled all his promises made in the month of March. This Constitution was modelled after that of Belgium. The House was to consist of two Chambers, both electivethe former by persons paying 24s. a year of direct taxes, and the latter by a process of double election: that is, the deputies were chosen by delegates, who had themselves been elected by universal suffrage, there being one deputy for every 750 inhabitants. All Prussians were declared equal in the eye of the law, freedom of the press was established, and all exclusive class privileges were abolished. The judges were made independent of the Crown, and no ordinance was to have the force of law without the sanction of the Assembly. THREE:

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THE PORTEOUS MOB. (See p. 67.) [After the Painting by James Drummond, R.S.A.]The year 1763 opened with the signing of the[176] definitive treaty at Paris on the 19th of February, whence it was called the Peace of Paris. Five days later, a peace was signed between Prussia and Austria at Hubertsberg, in Saxony, to which Saxony, as the ally of Austria, was a party. Indeed, when England and France, Russia and Sweden, had withdrawn from the contest, there was little prospect of the continuance of the war. Both parties were exhausted, and yet, of the two, Frederick, in his dogged firmness, and in the almost unparalleled endurance of his people, was more than a match for Austria. If Maria Theresa could not cope with him when she had France, Russia, Saxony, and Poland, all united with her to put him down, the case was now hopeless. The English had stipulated that France should evacuate all the places in Germany and Flanders that belonged to those countries, and Frederick had easily induced the German states, in these circumstances, to a maintenance of neutrality. Austria, therefore, consented to this peace. She stood out the longest for the retention of Glatz, the only place won from Frederick still in her hands, but she was compelled to yield that, too. Both parties returned to the same situations as before the commencement of this fatal Seven Years' War.
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<000005> THE PORTEOUS MOB. (See p. 67.) [After the Painting by James Drummond, R.S.A.]The year 1763 opened with the signing of the[176] definitive treaty at Paris on the 19th of February, whence it was called the Peace of Paris. Five days later, a peace was signed between Prussia and Austria at Hubertsberg, in Saxony, to which Saxony, as the ally of Austria, was a party. Indeed, when England and France, Russia and Sweden, had withdrawn from the contest, there was little prospect of the continuance of the war. Both parties were exhausted, and yet, of the two, Frederick, in his dogged firmness, and in the almost unparalleled endurance of his people, was more than a match for Austria. If Maria Theresa could not cope with him when she had France, Russia, Saxony, and Poland, all united with her to put him down, the case was now hopeless. The English had stipulated that France should evacuate all the places in Germany and Flanders that belonged to those countries, and Frederick had easily induced the German states, in these circumstances, to a maintenance of neutrality. Austria, therefore, consented to this peace. She stood out the longest for the retention of Glatz, the only place won from Frederick still in her hands, but she was compelled to yield that, too. Both parties returned to the same situations as before the commencement of this fatal Seven Years' War.
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