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Whitefield and Wesley soon separated into distinct fields of labour, as was inevitable, from Whitefield embracing Calvinism and Wesley Arminianism. Whitefield grew popular amongst the aristocracy, from the Countess of Huntingdon becoming one of his followers, and, at the same time, his great patron. Whitefield, like the Wesleys, made repeated tours in America, and visited all the British possessions there. When in England, he generally made an annual tour in it, extending his labours to Scotland and several times to Ireland. On one of his voyages to America he made some stay at Lisbon. Everywhere he astonished his hearers by his vivid eloquence; and Benjamin Franklin relates a singular triumph of Whitefield over his prejudices and his pocket. He died at Newbury Port, near Boston, United States, on the 30th of September, 1770. If Whitefield did not found so numerous a body as Wesley, he yet left a powerful impression on his age; and we still trace his steps, in little bodies of Calvinistic Methodists[144] in various quarters of the United Kingdom, especially in Wales.

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Fortunately, Municipal Reform in Scotland did not give much trouble. It was accomplished almost without any discussion or party contention. It was based upon the provisions of the Scottish Reform Bill, which settled the whole matter by the simple rule that the Parliamentary electors of every burgh should be the municipal electors; also that the larger burghs should be divided into wards, each of which should send two representatives to the town council, chosen by the qualified electors within their respective bounds; and that the provost and bailies, corresponding to the English mayor and aldermen, should be chosen by the councillors, and invested with the powers of magistrates in the burgh. The functionaries were to be elected for three years, and then to make way for others elected in the same manner to succeed them. They were invested with the control and administration of all corporate property and patronage of every description.The commercial treaty with France, Pitt's greatest achievement as a financier, was not signed until the recessnamely, in September. It was conceived entirely in the spirit of Free Trade, and was an honest attempt to establish a perpetual alliance between the two nations. Its terms were:That it was to continue in force for twelve years; with some few exceptions prohibitory duties between the two countries were repealed; the wines of France were admitted at the same rate as those of Portugal; privateers belonging to any nation at war with one of the contracting parties might no longer equip themselves in the ports of the other; and complete religious and civil liberty was granted to the inhabitants of each country while residing in the other. One result of the treaty was the revival of the taste for light French wines which had prevailed before the wars of the Revolution, and a decline in the sale of the fiery wines of the Peninsula. But the treaty was bitterly attacked by the Opposition. Flood reproduced the absurd argument that wealth consists of money, and that trade can only be beneficial to the country which obtains the largest return in gold. Fox and Burke, with singular lack of foresight, declaimed against Pitt for making a treaty with France, "the natural political enemy of Great Britain," and denounced the perfidy with which the French had fostered the American revolt. In spite of the illiberality of these arguments, Pitt, with the acquiescence of the commercial classes, carried the treaty through Parliament by majorities of more than two to one.
TWO:Mr. Fyshe Palmer was not tried till the 12th of September. He was then brought before the Circuit Court of Justiciary at Perth, and charged with writing and publishing an "Address to the People," which had been issued by the Society of the Friends of Liberty, at Dundee. Palmer was an Englishman of good family, in Bedfordshire. He had taken his degree at Cambridge, and obtained a fellowship at Queen's College; but he had afterwards joined the Unitarians, and had resided and preached some time at Montrose and Dundee, and had delivered lectures on Unitarianism in Edinburgh and Forfar. It appeared that Palmer was not the author of the Address, but had only been asked to correct the proof of it, and that he had, whilst so doing, struck out some of the strongest passages. One Mealmaker, a weaver, acknowledged himself the author of the Address; but Palmer was a Unitarian, and this, to the bigoted Presbyterianism of his judges, was rank poison. His advocate pleaded that he was not quite sane, but neither did this avail; the jury brought in an instant and unanimous verdict of guilty, and the judges condemned him to be transported for seven years. This was a still more outrageous sentence than that of Muir, for Palmer had corresponded with no French or Reforming societies whatever; he had simply corrected a proof!TALLEYRAND. (After the Portrait by Gerard.)
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THREE:The tidings of this disaster roused the people of England to a pitch of desperation. The Ministers were condemned for their gross neglect and imbecile procrastination, and Byng was execrated as a coward and a traitor. Meanwhile, the most culpable man of all, Newcastle, was trembling with terror, and endeavouring to find a scapegoat somewhere. Fox was equally trembling, lest Newcastle should make that scapegoat of him. He declared to Dodington that he had urged Newcastle to send succour to Minorca as early as Christmas, and that Cumberland had joined him in urging this, to no purpose. He asserted that Newcastle ought to answer for it. "Yes," replied Dodington, "unless he can find some one to make a scapegoat of." This was the very fear that was haunting Fox, and he hastened, in October, to the king, and resigned the seals. This was a severe blow to Newcastle, and he immediately thought of Murray to succeed him; but, unfortunately, Sir Dudley Ryder, the Lord Chief Justice, just then having died, Murray had fixed his ambition on occupying his seat on the bench. They were obliged to give it to him, with the title[123] of Mansfield, or make a mortal enemy of him. Newcastle then thought of conciliating Pitt. Pitt refused to belong to any Ministry at all in which Newcastle remained. Newcastle, in his perplexity, next tried Lord Egmont, and even old Granville, but both declined the honour; and not a man being to be found who would serve under him, he was compelled most reluctantly to resign. He had certainly presided over the destinies of the nation far too long.

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    FORE:The Ministerial arrangements being completed, the coronation took place on the 31st of October, and was fully attended by the chief nobles and statesmen, even by Oxford and Bolingbroke, and was celebrated in most parts of the kingdom with many demonstrations of joy. Parliament was then dissolved, and the elections went vastly in favour of the Whigs, though there were serious riots at Manchester, and throughout the Midlands. The hopes of advantage from a new monarch made their usual conversions. In the House of Commons of 1710 there was a very large majority of Whigs; in that of 1713 as great a one of Tories; and now again there was as large a one of Whigs. In the Lords the spectacle was the same. Bolingbroke says, "I saw several Lords concur to condemn, in one general vote, all that they had approved of in a former Parliament by many particular resolutions."
    FORE:Thus was another glorious chance for the utter dispersion of the American army thrown away by this most incompetent commander; and, as Washington saw that he had nothing to fear during the winter, except from the elements, he determined to encamp himself, so as to keep the British in constant anxiety about him. He selected a strong piece of ground at a place called Valley Forge, covered with wood. He set his soldiers to fell trees and make log-huts, the interstices of which they stopped with moss, and daubed up with clay. As they had plenty of fuel, they could thus pass the winter in some degree of comfort. A great number of his men were on the verge of the expiration of their term, and were impatient to return home; but he persuaded many to remain, and he employed them in throwing up entrenchments on the right of his camp, which was open towards the plain. His left was defended by the Schuylkill, and his rear by a steep precipice[240] descending to the Valley Creek. He began two redoubts, but he soon saw that there was no fear of Howe moving so long as the winter lasted, and he left them unfinished. And thus the winter went over, Howe lying snugly at Philadelphia, enjoying his wine and his cards, and apparently forgetful that there was any such place as Valley Forge within five-and-twenty miles of him.
    FORE:COPENHAGEN.The Budget did not retrieve the popularity of Ministers. Sir Francis Baring proposed to make up for an estimated deficit of 2,421,000 by an alteration of the timber duties producing 600,000 a year, and an alteration of the sugar duties producing 700,000. Both these changes were in the direction of free trade, and a still more significant proposal was the repeal of the existing corn law, and the substitution of a low fixed duty of 8s. a quarter on wheat. The House, however, would not accept such a budget from a Government whose Premier had in the previous year declared that "the responsible advisers of the Crown would not propose any change in the Corn Laws." After a debate of eight nights the Ministry were defeated on the sugar duties by 317 votes to 281. Still they did not resign, and the Opposition in consequence had recourse to a direct vote of censure.
    FORE:From the Picture by W. L. WYLLIE, R.A.As he made these professions, he was, from the very commencement of the year 1812, and nearly six months before the avowal of hostilities, drawing the invading force nearer to the frontiers near Detroit. General Hull had a body of two thousand five hundred men ready for the enterprise, well supplied with artillery and stores; and scarcely was the declaration of war made than he hastened over the frontier line and seized on the British village of Sandwich. There he issued a bragging proclamation, calling on the "oppressed" Canadians to abandon the despotism of kingship and become free citizens of free America. To meet the invasion, the British had in Canada only about four thousand regulars, and the militia might number as many more. To make worse of the matter, the Commander-in-Chief, Sir George Prevost, was a very inefficient officer. But Major-General Brock sent orders to the British officers at Fort St. Joseph to attack the American port of Michilimachimac, which he did on the 17th of July, a month after the American declaration of war. The place was taken, with sixty prisoners and seven pieces of artillery. This raised the courage of the Indians in that quarter, who had long thirsted for revenge of the continual injuries received from the Americans, and they called on their different tribes to arm and support the British. At the news of the capture of Sandwich by Hull, Brock sent Colonel Procter to Fort Amherstberg to operate against him. He also followed quickly himself, and found Procter besieging Hull in Fort Detroit, to which he had retreated across the border. By the 10th of August he compelled Hull to surrender with his two thousand five hundred men and thirty pieces of artillery. Not only Fort Detroit and a fine American vessel in the harbour were taken, but, by the capitulation, the whole of the Michigan territory, which separated the Indian country from Canada, was ceded to us, much improving our frontier.
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    FORE:The next person to attempt the impossible in the vain endeavour to keep the vessel of the old French monarchy afloat with all its leaks and rottenness, was the Archbishop of Toulouse, Lomnie de Brienne. He had vigorously opposed Calonne; but there was no way of raising the necessary revenue but to adopt some of the very proposals of Calonne, and tax the privileged classes, or to attempt to draw something still from the exhausted people. As the less difficult experiment of the two, he was compelled to cast his eyes towards the property of the nobles and the Church; but he found the nobles and the clergy as ready to sacrifice him as they had been to sacrifice Calonne. When one or two of the more pliant or more enlightened members of those classes ventured to remark on the vast amount of untaxed property, and particularly of tithes, there was an actual tempest of fury raised. Tithes were declared to be the voluntary offerings of the piety of the faithful, and therefore not to be touched. As further loans were out of the question, some one ventured to assert that the only means of solving the difficulty was to assemble the States General. "You would convoke the States General?" said the Minister in consternation. "Yes," replied Lafayette, who was bent on revolutionising France, as he had helped to revolutionise America"yes, and something more than that!" These words were taken down as most exceptionable and dangerous. All that the Assembly of Notables could be brought to do was to confirm the abolition of the corve, and to pass a stamp act. They would not move a step further, and they were dismissed by the king on the 25th of May, 1787. The Parliament, or Chief Court of Justice, adopted a similar course, and it also was dismissed. The king then promulgated a new constitution, but it fell hopelessly to the ground.George II. was born in 1683, and was, consequently, in his forty-fourth year when he ascended the throne. In 1705 he married the Princess Caroline Wilhelmina of Anspach, who was born in the year before himself, by whom he had now four childrenFrederick Prince of Wales, born in 1707, William Duke of Cumberland, born in 1721, and two daughters.
    FORE:Mar had left London on the 2nd of August to raise the Highlands. In order to blind the agents of Government he ordered a royal leve on the 1st, and on the following night got on board a collier bound for Newcastle, attended by Major-General Hamilton and Colonel Hay. From Newcastle they got to the coast of Fife in another vessel. On the 6th of September he raised the standard of the Chevalier at Kirkmichael, a village of Braemar. He was then attended by only sixty men, and the Highland chiefs, extremely alive to omens, were startled by the gilt ball falling from the summit of the pole as it was planted in the ground. The standard was consecrated by prayers, and he was in a few days joined by about five hundred of his own vassals. The gentlemen who came on horseback, only about twenty at first, soon became several hundreds, and were named the Royal Squadron. The white cockade was assumed as the badge of the insurgent army, and clan after clan came in; first the Mackintoshes, five hundred in number, who seized on Inverness. James was proclaimed by Panmure at Brechin, by the Earl[29] Marshal at Aberdeen, by Lord Huntly at Gordon, and by Graham, the brother of Claverhouse, at Dundee. Colonel Hay, brother of the Earl of Kinnaird, seized Perth, and in a very short time the country north of the Tay was in the hands of the insurgents.Belgium, this summer, was the great battle-ground. In it were Austrians, Dutch, British, and Hanoverians. At the opening of the campaign the Allies had probably two hundred thousand men scattered along the frontiers, and the French upwards of three hundred thousand. But whilst the French were united in one object, and the Convention kept pouring fresh masses of men in, the Allies were slow and disunited. The Duke of York, who commanded the English and Hanoverians, about thirty thousand men, was completely tired of the sluggish formality of the Austrian general, Clairfait, and refused to serve under him. To remove the difficulty, the Emperor of Austria agreed to take the command of his forces in the Netherlands in person, so that the Duke of York would serve under him. Francis II. arrived in April, and great expectations were excited by his presence. Instead of urging all the different divisions of the allied armies to concentrate in large masses against the able generals, Pichegru and Jourdain, Francis sat down before the secondary fortress of Landrecies, though the Allies already held those of Valenciennes,[434] Cond, and Quesnoy. This enabled Pichegru to advance on West Flanders, and take Courtrai and Menin in the very face of Clairfait. At the same time Jourdain had entered the country of Luxembourg with a large force, and whilst the Austrians were wasting their time before Landrecies, he was still further reinforced from the army of the Rhine, which the absence of the King of Prussia left at leisure, and he now fell upon the Austrian general, Beaulieu; and though Beaulieu fought bravely for two days, he was overwhelmed by successive columns of fresh troops, and driven from his lines. Jourdain then advanced upon the Moselle, where the Prussians ought to have been, and were not, in spite of the subsidy.
    FORE:While these changes were being made in Italy, the British, with their new allies, the Russians, made an abortive attempt to drive the French from Holland. An army of seventeen thousand Russians and thirteen thousand British was assembled on the coast of Kent, and Sir Ralph Abercromby, who was destined to fall on a more memorable field, taking the command of a division of twelve thousand men, Admiral Mitchell put them across to the coast of Holland. Abercromby landed, and took the fort of the Helder, and our fleet, occupying the Texel, compelled the Dutch fleet to surrender and mount the Orange flag. So long as Abercromby commanded, he repelled all the attacks of the French general, Brune, with a force more than double in number; but on the 13th of September the Duke of York arrived with the remainder of the Anglo-Russian army and took the chief command. From that moment all went wrong. The old want of success followed the royal duke, who, whatever his courage, certainly possessed no abilities as a general. By the 17th of October, notwithstanding the bravery of his troops, he was glad to sign a convention by which he was allowed to withdraw his army, on condition of the liberation of eight thousand French and Dutch prisoners of war in England. In Switzerland, too, Massena defeated Korsakoff at Zurich, and Suvaroff, believing himself to have been betrayed by the Austrians, effected a brilliant retreat over the mountains.
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THREE: The Remainder of the SessionThe Coercion Bill carriedRejection of the Tithes BillUniversity TestsProrogation of ParliamentBrougham's Tour in ScotlandBurning of the Houses of ParliamentFall of Melbourne's MinistryWellington sole MinisterPeel forms a MinistryThe Tamworth ManifestoDissolution and General ElectionMr. Abercromby elected SpeakerThe Lichfield House CompactPeel defeated on the AddressLord John Russell announces a Resolution on AppropriationLord Chandos's MotionLord Londonderry's AppointmentThe Dissenters and London UniversityHardinge's Tithe BillThe Appropriation ResolutionThe DebatePeel resignsMelbourne's second MinistryConservative SuccessesLord Alvanley and O'ConnellThe Duel between Alvanley and Morgan O'ConnellO'Connell and DisraeliCharacter of Lord MelbourneMunicipal ReformReport of the CommissionThe Municipal Corporations Act introducedIts Progress in the CommonsLyndhurst's Amendments-It becomes LawIrish CorporationsReport of the CommissionThe Bill is mutilated in the Upper House, and abandonedIt becomes Law in 1840Municipal Reform in Scotland.These party tactics were continued with unwonted heat by the Opposition on all occasions, till the House adjourned for three days, to meet again on the 29th, the Opposition revelling in large majorities, though they were aware that both the king and the House of Lords were adverse to them. But the country was also growing weary of this unsatisfactory position of things, and began to sympathise with the great patience of Pitt rather than the tumultuous conduct of Fox and his friends. Pitt, however, was strong in the assurance of the adhesion of the Crown and the peerage, and saw unmistakable signs of revulsion in the feeling of the public. The majorities of the Commons were becoming every time less, and on the 16th of February the Corporation of London had presented a strongly expressed address to the king, declaring its approval of the late dismissal of Ministers, and its opinion that the India Bill of Fox was an encroachment on the[306] prerogative of the Crown. Dr. Johnson also regarded it as a contest whether the nation should be ruled by the sceptre of George III. or by the tongue of Mr. Fox.

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THREE:But the Allies had only fallen back behind the Elbe, and taken up a strong position at Bautzen, on the Spree, about twelve leagues from Dresden, whilst an army under Bülow covered Berlin. No sooner did the Allies fall back to the right bank of the Elbe than Davoust attacked Hamburg on the 9th of May with five thousand men, and vowed vengeance on the city for having admitted the Allies. To their surprise the citizens found themselves defended by a body of Danes, from Altona, who were the allies of France, but had been just then thinking of abandoning Napoleon. But the fate of the battle of Lützen changed their views, and they retired in the evening of that day, leaving Hamburg to the attacks of the French. Bernadotte, not having received the promised reinforcements, did not venture to cover Hamburg. Davoust entered the place like a devil. He shot twelve of the principal citizens, and drove twenty-five thousand of the inhabitants out of the city, pulled down their houses, compelling the most distinguished men of the town to work at this demolition and at raising the materials into fortifications. The people had long been subjected by the French to every possible kind of pillage and indignity; no women, however distinguished, had been allowed to pass the gate without being subjected to the most indecent examinations. But now the fury of the French commander passed all bounds. He levied a contribution of eighteen millions of dollars: and not satisfied with that, he robbed the great Hamburg bank, and declared all his doings to be by orders of the Emperor.But the most discouraging feature of this war was the incurable pride of the Spaniards, which no reverses, and no example of the successes of their allies could abate sufficiently to show them that, unless they would condescend to be taught discipline, as the Portuguese had done, they must still suffer ignominy and annihilation. Blake, who had been so thoroughly routed on every occasion, was not content, like the British and Portuguese, to go into quarters, and prepare, by good drilling, for a more auspicious campaign. On the contrary, he led his rabble of an army away to the eastern borders of Spain, encountered Suchet in the open field on the 25th of October, was desperately beaten, and then took refuge in Valencia, where he was closely invested, and compelled to surrender in the early part of January next year, with eighteen thousand men, twenty-three officers, and nearly four hundred guns. Such, for the time, was the end of the generalship of this wrong-headed man. Suchet had, before his encounter with Blake, been making a most successful campaign in the difficult country of Catalonia, which had foiled so many French generals. He had captured one fortress after another, and in June he had taken Tarragona, after a siege of three months, and gave it up to the lust and plunder of his soldiery.

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THREE:The manner in which Hastings had executed the orders of the Directors in this business showed that he was prepared to go all lengths in maintaining their interests in India. He immediately proceeded to give an equally striking proof of this. We have seen that when the Mogul Shah Allum applied to the British to assist him in recovering his territories, they promised to conduct him in triumph to Delhi, and place him firmly on the grand throne of all India; but when, in consequence of this engagement, he had made over to them by a public grant, Bengal, Bahar, and Orissa, they found it inconvenient to fulfil their contract, and made over to him Allahabad and Corah instead, with an annual payment of twenty-six lacs of rupeestwo hundred and sixty thousand pounds. The payment of this large sum, too, was regarded by the Company, now in the deepest debt, as unnecessary, and Hastings had orders to reduce it. It appears that the money was at no time duly paid, and had now been withheld altogether for more than two years. The Mogul, thus disappointed in the promises of restoration by the English, and now again in the payment of this stipulated tribute, turned to the Mahrattas, and offered to make over the little provinces of Allahabad and Corah, on condition that they restored him to the sovereignty of Delhi. The Mahrattas gladly caught at this offer, and by the end of the year 1771 they had borne the Mogul in triumph into his ancient capital of Delhi. This was precisely such a case as the Directors were on the watch for. In their letter to Bengal of the 11th of November, 1768, they had said: "If the Emperor flings himself into the hands of the Mahrattas, or any other Power, we are disengaged from him, and it may open a fair opportunity of withholding the twenty-six lacs of rupees we now pay him." The opportunity had now come, and was immediately seized on by Hastings to rescind the payment of the money altogether, and he prepared to annex the two provinces of Allahabad and Corah. These were sold to the Nabob of Oude for fifty lacs of rupees. This bargain was settled between the vizier and Hastings at Benares, in September, 1773.

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THREE:The growing importance of the middle classes, the rapid multiplication of men of wealth and high social position in the mercantile community; the marriage of their daughters into noble families rendered insolvent by extravagance, and the diffusion of knowledge among all classes of the community, gradually levelled or lowered the barriers of exclusiveness, increased the facilities of social intercourse, and rendered the fashions in the clothing of both sexes more accordant with good taste, more convenient, and more conducive to health. With the use of the trousers, and Hessian or Wellington boots, came the loose and easy surtout, and frock-coat; and instead of the deep stiff white cravat, black stocks or black ties were worn except in full dress at evening parties. The clergy, however, retained the white neckcloth, and, strange to say, it also became the necessary distinction of footmen, butlers, hotel-waiters, and shop-assistants. The old Court dress coat, with its bag-like skirt, was abandoned by gentlemen who attended dinner parties and balls, for the "swallow-tailed" dress coat.
THREE:
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    [533]Burke proceeded amidst constant interruption to review the many scenes and debates in which Fox and himself had acted, as well as those on which they had differed, especially their difference of opinion on the Royal Marriage Act; but no difference of opinion had ever before affected their friendship. He alluded to his own long services and his grey hairs, and said that it was certainly an indiscretion, at his time of life, to provoke enemies, or induce his friends to desert him; but that, if his firm and steady adherence to the British Constitution placed him in that dilemma, he would risk all, and, as public duty required, with his last breath exclaim, "Fly from the French Constitution!" Here Fox whispered that there was no loss of friends; that there could be no loss of friendship between them; but Burke said"Yes, there was a loss of friends: he knew the penalty of his conduct; he had done his duty at the price of his friendsthere was an end of their friendship." It was some time before Fox could answer; he was completely overcome by his emotion; and it was only after a free flow of tears that he could proceed. He then said: "Painful as it was to listen to such sentiments as those just delivered by one to whom he owed so many obligations, he could never forget that, when little more than a boy, he had been in the habit of receiving instructions and favours from his right honourable friend. Their friendship had grown with their life; it had continued for upwards of five-and-twenty years; and he hoped, notwithstanding what had happened that day, that his right honourable friend would think on past times, and would give him credit for not intending anything unkind. It was quite true that they had before now differed on many subjects, without lessening their friendship, and why should they not now differ on the French Revolution without a severance of friendship? He could not help feeling that the conduct of his right honourable friend tended to fix upon him the charge of Republican principles, whereas he was far from entertaining such principles. His friend had heaped very ignominious terms upon him that day." Here Burke said aloud, he did not recollect having used such terms; and Fox promptly observed that "if his friend did not recollect those epithetsif they are out of his mind, then they were for ever out of his mind, too; they were obliterated and forgotten." He then denied that there was any marshalling of a party on this subject; that not one gentleman who had risen to call his right honourable friend to order had done it by his desire; on the contrary, he had entreated his friends not to interrupt him. After again dwelling for some time on the merits of the French Revolution, he once more lamented the breach in the unanimity of his friend and[380] himself, and said he would keep out of the way of his right honourable friend till he had time to reflect and think differently, and that their common friends might bring them together again; that he would endeavour to discuss the question on some future day, with all calmness, if his friend wished, but for the present he had said all that he desired to say."I well know that there are those upon whom such considerations as these to which I have been adverting will make but a faint impression. Their answer to all such appeals is the short, in their opinion the conclusive, declaration'The Protestant Constitution in Church and State must be maintained at all hazards, and by any means; the maintenance of it is a question of principle, and every concession or compromise is the sacrifice of principle to a low and vulgar expediency.' This is easily said; but how was Ireland to be governed? How was the Protestant Constitution in Church and State to be maintained in that part of the empire? Again I can anticipate the reply'By the overwhelming sense of the people of Great Britain; by the application, if necessary, of physical force for the maintenance of authority; by the employment of the organised strength of Government, the police and the military, to enforce obedience to the law.'"Whilst the French had been thus beating the Austrians out of Italy, and thus rendering abortive our new and lavish subsidy to the Emperor, Ministers had been busy in the election of a new Parliament. This new Parliament assembled on the 6th of October, and was full of patriotism. As Hoche's army had not yet sailed, and as nobody seemed to know its destination, Pitt represented that it probably was for the coast of England, and called for the enrolment of fifteen thousand men from the parishes, half of whom were to be sent into the navy, and for sixty thousand militia and twenty thousand more yeomen cavalry, all which were carried. On the 26th of October Windham, as Secretary at War, announced the whole military force of the country at home and abroad, apart from the troops in the East Indies, which were raised and maintained by the Company, to be one hundred and ninety-six thousand men, and he demanded for their payment five million one hundred and ninety thousand pounds. On the 7th of November Pitt opened his Budget, requiring no less than twenty-seven million nine hundred and forty-five thousand pounds for the total expenditure of the year. There was another loan called for of eighteen million pounds, and though the terms were then considered low, such was the spirit of the nation that the amount was subscribed within two days.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.
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