FORE:The marriage of the Prince of Wales with Mrs. Fitzherbert was notorious; but as it was not openly avowed by the Prince, no steps were taken to dissolve it. But in 1794 the Prince had got a new favourite, the Lady Jersey, already a grandmother, but a young one. For her Mrs. Fitzherbert was dismissed, showing how little the Prince thought of the reality of the marriage with[442] that fair lady, and he now lived openly and ostentatiously with Lady Jersey, Lord Jersey being well contented with the arrangement for the sake of the good things he hoped to gain by it, being at once appointed Master of the Horse to the Prince. But the Prince's extravagance and gambling, by the practice of which, notwithstanding his own losses, he reduced his friends, one after the other, as the Earl of Moira, Sir Wallace Porter, and others, to beggary, had now brought him into extreme difficulties. His debts, after having been more than once paid off by Parliament, now again amounted to six hundred and thirty thousand pounds! Another appeal to Parliament was absolutely necessary, for his creditors were grown excessively clamorous. The king seized the opportunity to induce the Prince to marry a foreign princess, representing it as the only plan by which they could apply to Parliament for such an increase of means as would enable him to liquidate his debts. But instead of allowing the Prince to go abroad and make his own selection, so that there might be possibly some degree of freedom of choice in the matter, the queen was anxious to have her own niece, the Princess Louisa Augusta Amelia of Mecklenburg, selected for him. This Princess, afterwards the popular Queen of Prussia, was a good creature, and might possibly have wrought some favourable change even in so depraved a nature as that of the Prince of Wales. But the king was equally determined to secure the unenviable post for his own niece, Caroline Amelia Elizabeth, the second daughter of the Duke of Brunswick, who was one of the petty princes of Germany. To effect this arrangement, an attachment between the Crown Prince of Prussia and this Princess Caroline had to be rent asunder. The Prince was ready to fall in with any such bargain, on condition that he was liberated from his debts. It was certain that he would please himself as to the lady or ladies with whom he would really live. All obstacles of nature, or of nearness of consanguinity, or of private attachments were overborne by diplomacy, and by the promise of the discharge of the Prince's debts. The Princess Caroline of Brunswick was selecteda young lady of not unpleasing person in her youth, according to the descriptions of the time, but of defective education, and coming to this country with the repugnance of a prior and rudely-sundered attachment. She landed at Greenwich on Sunday, the 5th of April, 1795, and the marriage ceremony was performed at St. James's, by the Archbishop of Canterbury, on the 8th. The Princess had not been ignorant of the dissolute character of her appointed husband, and his mode of receiving her was not calculated to inspire any brilliant hopes of his improvement. He had sent his mistress, the Lady Jersey, to meet her on landing, and he made no disguise of his connection with her before or after the marriage. The Memoirs of the time assert that Lady Jersey omitted no arts to render the Princess ridiculous and even disgusting to the Prince; but what chagrined him far more deeply was the breach of the promises held out to him of the discharge of his debts by a parliamentary grant or grants.
FORE:The winter of 1836-7 was marked by great commercial activity, and a strong tendency to over-trading, chiefly on the part of the banks. The result was a reaction, and considerable monetary embarrassment. In the reckless spirit of enterprise which led to these consequences, the American houses took the lead. The American speculators indulged an inordinate thirst for gain by land jobs, and over-trading in British produce. The most remarkable examples of this were afforded by three great American houses in London, called "the three W.'s." From an account of these firms, published in June, 1837, it appeared that the amount of bills payable by them from June to December, was as follows: Wilson and Co.,[411] 936,300; Wigan and Co., 674,700; Wildes and Co., 505,000; total acceptances, 2,116,000. This was upwards of one-sixth of the aggregate circulation of the private and joint-stock banks of England and Wales, and about one-eighth of the average circulation of the Bank of England. The shipments to America by Wigan and Co. amounted to 1,118,900. The number of joint-stock banks that started into existence at this time was remarkable. From 1825 to 1833 only thirty joint-stock banks had been established. In that year the Charter of the Bank of England being renewed, without many of the exclusive privileges it formerly enjoyed, and the spirit of commercial enterprise being active, joint-stock banks began to increase rapidly. There was an average of ten new companies annually, till 1836, when forty-five of these establishments came into existence in the course of ten months. In Ireland there were ten started in the course of two years. The consequence of this greatly increased banking accommodation produced a wild spirit of commercial adventure, which collapsed first in America, where the monetary confusion was unexampledbankers, importers, merchants, traders, and the Government having been all flung into a chaos of bankruptcy and insolvency. This state of things in America had an immediate effect in England. Discounts were abruptly refused to the largest and hitherto most respectable houses of Liverpool and London. Trade, in consequence, became paralysed; prices suddenly dropped from thirty to forty per cent.; and the numerous share bubblesthe railway projects, the insurance companies, the distillery companies, the cemetery companies, the sperm oil, the cotton twist, zoological gardens, and other speculationswhich had floated on the pecuniary tide, all suddenly collapsed, and there was an end to the career of unprincipled adventurers. It is satisfactory, however, to observe that the sound commerce of the country soon recovered the shock thus given; and in less than two years the pecuniary difficulties had passed away. Commerce had resumed its wonted activity, and flowed steadily in legitimate channels. The American banks resumed payment, and the three great American houses, which had involved themselves to such an enormous extent, were enabled to meet all their liabilities.
FORE:Buonaparte continued the pursuit of the Allies as far as Pirna, whence, owing to indisposition, he returned to Dresden; but Vandamme, Murat, Marmont, and St. Cyr pushed forward by different ways to cut off the route of the fugitives into the mountains of Bohemia. Vandamme, however, having passed Peterswald, beyond which he had orders not to proceed, was tempted to try for T?plitz, where the Allied sovereigns lay, and take it. In doing this he was enclosed, in a deep valley near Kulm, by Ostermann and other bodies of the Allies, completely routed, and taken prisoner, with Generals Haxo and Guyot, the loss of two eagles, and seven thousand prisoners. This was on the 29th of August.
THREE:Mr. Roebuck, the next day, moved a counter-resolution in the following terms:"That the principles which have hitherto regulated the foreign policy of her Majesty's Government are such as were required to preserve untarnished the honour and dignity of this country, and, in times of unexampled difficulty, the best calculated to maintain peace between England and the various nations of the world." He supported this position in an able and lengthened speech. The chief ground of dispute was the demand of Palmerston for compensation to a person named Don Pacifico, a Jew, and by birth a British subject, who resided at Athens, and whose house had been attacked on a Sunday, his property destroyed, and his family beaten by a mob headed by young noblemen. The Greek Government refused him reparation, and he sought protection from England. There was also the case of Mr. Finlay, whose land was seized in order that it might be converted into a garden for the King of Greece, the owner being refused payment; Lord Aberdeen, when Foreign Secretary, having applied in vain for redress. There was also the case of H.M.S. Fant?me, whose boat's crew had been arrested by Greek soldiers; also other outrages equally serious. Lord Palmerston defended his policy with his wonted spirit and ability, and with triumphant success in a speech which, said Mr. Gladstone, lasted "from the dusk of one day to the dawn of another." Mr. Gladstone arraigned the conduct of the first Minister in sitting down contentedly under the censure of the House of Lords, by sheltering himself under precedents which were in fact no precedents at all. He charged Lord Palmerston with violating international law, by making reprisals upon Greek property to the extent of 80,000 to satisfy the exorbitant demands of Don Pacifico; the fruit of this policy being humiliation, in regard to France, and a lesson received without reply from the autocrat of all the Russia's. Mr. Cobden also assailed the policy of Lord Palmerston, and asked if there was no other way of settling such trifling matters than by sending fifteen ships of war into Greek waters, which had seized several gunboats, and more than forty merchantmen. Lord John Russell defended the policy of the Government, and concluded by declaring that by the verdict of that House and the people of England he was prepared to abide, fully convinced that the Government had preserved at the same time the honour of the country and the blessings of peace. Mr. Disraeli, on the other hand, maintained that the House of Lords had exercised a solemn duty in pronouncing a censure upon the policy which had led to such terrible results. This debate will[607] be rendered for ever memorable in our annals by the speech of Sir Robert Peel. It was one of the best speeches he ever delivered in that House, and it was his last. He argued strongly against intermeddling with the affairs of foreign nations in order to procure for them free institutions, and concluded with the expression of his belief that the cause of constitutional liberty would only be encumbered by our help; whilst by intruding it we should involve Great Britain in incalculable difficulties. When the hour for the division came the House was very fullAyes310; Noes, 264; giving the Government a majority of 46.
THREE:
