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Cleaves the dark air, and asks no star but thee!In the course of this commercial madness the imports greatly exceeded the exports, and there was consequently a rapid drain of specie from the country. The drain of bullion from the Bank of England was immense. In August, 1823, it had 12,658,240, which in August, 1825, was reduced to 3,634,320, and before the end of the year it ran as low as 1,027,000. Between July, 1824, and August, 1825, twelve millions of cash were exported from Great Britain, chiefly to South America. During the Revolutionary war, which had lasted for fourteen years, the capital of the country had been completely exhausted, while all productive labour had been abandoned. The unworked mines were filled with water. They were accessible, it is true, to English speculators, but they were worked exclusively with English capital. The South American mining companies were so many conduits through which a rapid stream of gold flowed from Great Britain. The catastrophe that followed took the commercial world by surprise; even the Chancellor of the Exchequer failed to anticipate the disaster. On the contrary, his Budget of 1825 was based upon the most sanguine expectations for the future, and on the assurance that the public prosperity was the very reverse of what was ephemeral and peculiar, and that it arose from something inherent in the nation. Even at the prorogation of Parliament in July, the Royal Speech referred to the "great and growing" prosperity on which his Majesty had the happiness of congratulating the country at the beginning of the Session. The commercial crisis, however, with widespread ruin in its train, was fast coming upon Britain. Vast importations, intended to meet an undiminished demand at high prices, glutted all the markets, and caused prices to fall rapidly. Merchants sought accommodation from their bankers to meet pressing liabilities, that they might be enabled to hold over their goods till prices rallied. This accommodation the bankers were unable to afford, and sales were therefore effected at a ruinous loss. The South American mines, it was found, could not be worked at a profit, and they made no return for the twenty million pounds of British money which they had swallowed up. The effect was a sudden contraction of the currency, and a general stoppage of banking accommodation. The country banks, whose issues had risen to 14,000,000, were run upon till their specie was exhausted, and many of them were obliged to stop payment. The Plymouth Bank was the first to fail, and in the next three weeks seventy banks followed in rapid succession. The London houses were besieged from morning to night by clamorous crowds, all demanding gold for their notes. Consternation spread through all classes. There was a universal pressure of creditors upon debtors, the banks that survived being themselves upon the edge of the precipice; and the Bank of England itself, pushed to the last extremity, peremptorily refused accommodation even to their best customers. Persons worth one hundred thousand pounds could not command one hundred pounds; money seemed to have taken to itself wings and fled away, reducing a state of society in the highest degree artificial almost to the condition of primitive barbarism, which led Mr. Huskisson to exclaim, "We were within twenty-four hours of barter."
Slider 1 ONE:In April the inferior prisoners were tried in the Common Pleas. Forster, brigadier Mackintosh, and twenty of their accomplices were condemned; but Forster, Mackintosh, and some of the others, managed, like Wintoun, to escape; so that, of all the crowds of prisoners, only twenty-two in Lancashire and four in London were hanged. Bills of attainder were passed against the Lords Tullibardine, Mar, and many others who were at large. Above a thousand submitted to the king's mercy, and petitioned to be transported to America.
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Slider 3 ONE:"When corn is at 59s., and under 60s., the duty at present is 27s. 8d. When corn is between those prices, the duty I propose is 13s. When the price of corn is at 50s. the existing duty is 36s. 8d., increasing as the price falls; instead of which I propose, when corn is at 50s. that the duty shall only be 20s., and that that duty shall in no case be exceeded. At 56s. the existing duty is 30s. 8d.; the duty I propose at that price is 16s. At 60s. the existing duty is 26s. 8d.; the duty I propose at that price is 12s. At 63s. the existing duty is 23s. 8d.; the duty I propose is 9s. At 64s. the existing duty is 22s. 8d.; the duty I propose is 8s. At 70s. the existing duty is 10s. 8d.; the duty I propose is 5s. Therefore it is impossible to deny, on comparing the duty which I propose with that which exists at present, that it will cause a very considerable decrease of the protection which the present duty affords to the home grower, a decrease, however, which in my opinion can be made consistently with justice to all the interests concerned."The Virginians were the first to move to lead the agitation. Patrick Henry and Thomas Jefferson took the initiative in a measure which would have better suited the character of the religious New Englanders. A fast was ordered on account of the Boston Port Act. The next day, however, being the 25th of May, Lord Dunmore, the governor of the province, dissolved the Assembly. The members, nothing daunted, retired to the "Raleigh" Tavern, and passed a series of resolutions. The chief of these were to purchase nothing of the East India Company, except saltpetre and spices, until their injuries were redressed; to request the members of all Corresponding Committees to take measures for the appointment of members to a General Congress; to summon the new members of the Assembly (the writs for which were already in course of issue) to meet at Williamsburg to elect delegates from that colony to the Congress.
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THREE:The Session of 1753 was distinguished by two remarkable Acts of Parliament. The one was for the naturalisation of the Jews, the other for the prevention of clandestine marriages. The Jew Bill was introduced into the Lords, and passed it with singular ease, scarcely exciting an objection from the whole bench of bishops; Lord Lyttelton declaring that "he who hated another man for not being a Christian was not a Christian himself." But in the Commons it raised a fierce debate. On the 7th of May, on the second reading, it was assailed by loud assertions that to admit the Jews to such privileges was to dishonour the Christian faith; that it would deluge the kingdom with usurers, brokers, and beggars; that the Jews would buy up the advowsons, and thus destroy the Church; that it was flying directly in the face of God and of Prophecy, which had declared the Jews should be scattered over the face of the earth, without any country or fixed abode. Pelham ridiculed the fears about the Church, showing that, by their own rigid tenets, the Jews could neither enter our Church nor marry our women, and could therefore never touch our religion, nor amalgamate with us as a people; that as to civil offices, unless they took the Sacrament, they could not be even excisemen or custom-house officers. The Bill passed by a majority of ninety-five to sixteen; but the storm was only wafted from the Parliament to the public. Out-of-doors the members of Parliament, and especially the bishops, were pursued with the fiercest rancour and insult. Members of the Commons were threatened by their constituents with the loss of their seats for voting in favour of this Bill; and one of them, Mr. Sydenham, of Exeter, defended himself by declaring that he was no Jew, but travelled on the Sabbath like a Christian. The populace pursued the members and the bishops in the streets, crying, "No Jews! No Jews! No wooden shoes!" In short, such was the popular fury, that the Duke of Newcastle was glad to bring in a Bill for the repeal of his Act of Naturalisation on the very first day of the next Session, which passed rapidly through both Houses.

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ONE:THE FRENCH REVOLUTION: COSTUME OF 1790.

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THREE:D'Estaing, who expected to have taken the place with little trouble, greatly alarmed lest the English should seize most of the French West Indian islands in his absence, urged an assault contrary to the wishes of Lincoln, and this was made on the 9th of October. The forces, five thousand eight hundred in number, were led on in two columns, but they were received by such a raking fire from walls and redoubts, and from the brig flanking the right of the British lines, that they were thrown back in confusion; and before D'Estaing and Lincoln could restore order, Colonel Maitland made a general sortie with fixed bayonets, and the whole attacking force fled in utter rout. D'Estaing would now remain no longer, but re-embarked his forces, and sailed away, to the unspeakable chagrin of the Americans, who retreated in all haste, the greater part of the militia breaking up and returning home.But the Committee found itself opposed in these objects in the highest quarter. The king displayed the most firm disposition to protect his late Minister, and was in constant communication with Walpole and his friends for the purpose. Every means were used to protect from the scrutiny of the Committee those who were possessed of the most important information, and to induce them to remain obstinately silent. Mr. Edgecumbe, who had managed the Cornish boroughs for Walpole, and could have revealed things which would have filled the Committee with exultation, was raised to the Upper House, and thus removed from the power of the Commons. Paxton, the Solicitor to the Treasury, a most important witness, remained unshakably silent, and was committed to Newgate; nor was the Committee more successful with Scrope, the Secretary to the Treasury. This officer, who, no doubt, held most desirable knowledge in his bosom, firmly refused to make any disclosures, though he was now a very feeble old man. Other officials declined to make statements whose disclosure might incriminate themselves, and which they were excused from doing by the great principles of our judicature. To remove this obstacle Lord Limerick, the Chairman of the Committee, then moved that a Bill of Indemnity should be passed, to exempt witnesses from all penalties in consequence of their disclosures. This passed the Commons by a majority of twelve, but was rejected in the House of Lords by a large majority.

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THREE:In America, during this time, various encounters had taken place between the English and American forces. Washington, in spite of the severity of the winter weather, was pressing the blockade of Boston. But the difficulties with[223] which he had to contend were so enormous, that, had General Howe had any real notion of them, as he ought to have had, he might have beaten off the American troops over and over again. His troops, it is true, only amounted to about seven thousand, and Washington's to about fifteen thousand; but besides the deficiency of powder in Washington's camp, the terms on which his troops served were such as kept him in constant uncertainty. This was the condition of things when, early in March, Washington commenced acting on the offensive. He threw up entrenchments on Dorchester Heights, overlooking and commanding both Boston town and harbour. Taking advantage of a dark night, on the 4th of March he sent a strong detachment to the Heights, who, before mining, threw up a redoubt, which made it necessary for General Howe to dislodge them, or evacuate the place. It seems amazing, after the affair of Bunker's Hill, that Howe had not seen the necessity of occupying the post himself. He now, however, prepared to attack the redoubt, and the soldiers were eager for the enterprise. The vanguard fell down to Castle William, at which place the ascent was to be made; and on the morrow, the 5th of March, the anniversary of what was termed the Massacre of Boston, the fight was to take place. A violent storm, however, arose, rendering the crossing of the water impracticable. By the time that it ceased, the Americans had so strengthened their works, that it was deemed a useless waste of life to attempt to carry them. The only alternative was the evacuation of Boston. Howe had long been persuaded that it would be much better to make the British headquarters at New York, where there were few American troops, and where the king's friends were numerous; and this certainly was true, unless he had mustered resolution and sought to disperse his enemies when they were in a state of disorder and deficiency of ammunition that insured his certain success. As it was, he was now most ignominiously cooped up, and in hourly jeopardy of being shelled out of the place. He had obtained the permission of his Government for this movement, and he now set about it in earnest. When, however, he came to embark, another example was given of that shameful neglect which pervaded the whole of the British civil department of the military service. When the transports were examined, they were found totally destitute of provisions and forage. No direct compact was made between Howe and Washington regarding the evacuation; but an indirect communication and understanding on the subject was entered intothrough the "select Men" of Bostonthat no injury should be done to the town during it, provided the troops were unmolested in embarking. Before departing, however, the English totally dismantled and partly demolished Castle William. On the 17th, the last of the British troops were on board; and that afternoon Boston was entered in triumph by General Putnam, at the head of the vanguard.

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ONE:But the matters most important, and in which the Rockingham Ministry succeeded the best, were those of attempting to accomplish the peace with America, and with the Continental nations, on which they had so long and so loudly insisted. Fox first tried his diplomatic genius with the Dutch, whom he could, as he boasted, soon conciliate; but, to his infinite chagrin, that calculating people were so elated by the recent ill success of the English, and relied so completely on the powerful fleets of France and Spain to protect their trade and islands, that they returned a contemptuous answer, declaring that they could not treat without their allies. Still more mortifying was his repulse by the Americans. His offers of negotiations for peace were received with a haughty indifference by Congress, and he was[292] again referred to France. Fox now had recourse to the mediations of Russia and Prussia. But Frederick the Great declined to intervene, and the Czarina Catherine coupled her offers of alliance with conditions which the king and the majority of the Cabinet refused to accept, though Fox thought they were reasonable.

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THREE:Sceptra tenens; mollitque animos et temperat iras;The conduct of Vernon, though he had been the Idol of the Opposition, and not of the Ministry, as it became known, increased enormously the unpopularity of Walpole. Though he had literally been forced into the war by the Opposition, the whole of its disasters were charged, not on them, but on him; and they did not hesitate to throw from themselves upon him the odium of all its failures. The general election which now came on was seized upon to load Walpole with all the weight of the unsuccessful war. The Duchess of Marlborough, Pulteney, and the Prince of Wales raised funds to outbribe the master of corruption himself. They incurred heavy debts to complete his ruin, and as the news of the miserable issue of the expedition to the Spanish settlements came in, numbers of those who had been returned to Parliament as friends of the Ministry turned round and joined the Opposition in violent denunciations of the mismanagement of the war. Lord Chesterfield, whilst these transactions had been progressing, had hastened on to Avignon, and, taking up his quarters with the Duke of Ormonde, obtained from the Pretender letters to nearly a hundred Jacobites in England and Scotland, engaging them to put out all their power and influence against Walpole.

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THREE:LORD BROUGHAM.

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THREE:The conditions first agreed upon were, that both England and France were to withdraw their support, either by men or money, to the war in Germany. France was to evacuate the few towns that she held there, as well as Cleve and Guelders. Minorca was to be restored in exchange for Belleisle, which thus fully justified Pitt's capture of that little and otherwise useless island. The fortifications of Dunkirk were to be reduced to the state required by the treaty of Aix-la-Chapelle.

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ONE:[See larger version]On the 23rd, only four days after the abdication of the king, Murat entered Madrid with a numerous body of infantry and cuirassiers, attended by a splendid train of artillery. Ferdinand entered the city the same day. He had formed an administration wholly opposed to Godoy and his policy. The Ambassadors of the other Powers presented themselves to offer their congratulations; but Beauharnais, the French Ambassador, preserved a profound silence. Murat, also, though he professed himself friendly to Ferdinand, said not a word implying recognition of his title. Still more ominous, the news arrived that Buonaparte himself was on the way with another powerful army. Murat took up his residence in the Palace of the Prince of the Peace, and greatly alarmed Ferdinand and his courtiers by addressing him, not as "your Majesty," but merely as "your Royal Highness." He counselled him to wait, and do nothing till he could advise with Napoleon, and, in the meantime, to send his brother, Don Carlos, to greet the Emperor on his entrance into Spain. To this Ferdinand consented; but when Murat recommended him also to go, and show this mark of respect to his ally, Ferdinand demurred, and by the advice of Cevallos, one of his wisest counsellors, he declined the suggestion. To complicate matters, Murat opened communication with the king and queen, and, not content with that, with Godoy also, assuring him that his only hope of safety lay in the friendship of the Emperor. By this means Murat learned all the accusations that each party could make against the other, so that these things might serve Buonaparte to base his measures, or, at least, his pretences upon. Encouraged by this, Charles[552] wrote to Napoleon to declare his abdication entirely forced, and to leave everything to the decision of his good friend, the Emperor.

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TWO:On the 17th of Julya week after the burial of the Kingthe Queen went in state to meet Parliament. She was received along the line of procession with extraordinary enthusiasm; and never on the accession of a Sovereign was the House of Peers so thronged by ladies of rank. A tone of kindness, mercy, and conciliation, befitting her youth and sex, marked her first Speech from the Throne. She stated that she regarded with peculiar interest the measures that had been brought to maturity for the mitigation of the criminal code, and the reduction of the number of capital punishments; promised that it should be her care to strengthen our institutions, civil and ecclesiastical, by discreet improvement, wherever improvement was required, and to do all in her power to compose and allay animosity and discord. Immediately on the delivery of the Royal Speech Parliament was prorogued in order to its dissolution. The general elections speedily followed, and were all over early in August. The Ministerial candidates were accused of making an unconstitutional use of the Queen's name in their addresses, and availing themselves of her popularity to strengthen the position of the Government, and the Conservatives asserted that the Queen had no partiality for her present advisers, whom she found in office, and bore with only till Sir Robert Peel and his colleagues should feel strong enough to take their places. The elections did not materially alter the balance of parties, the Whigs still commanding a small majority.

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ONE:Meanwhile, Bute was sedulously at work to clear the way for his own assumption, not merely of office, but of the whole power of the Government. He acted as already the only medium of communication with the king, and the depositary of his secrets. He opened his views cautiously to Bubb Dodington, who was a confidant of the Lichfield House party, and still hungering after a title. Dodington advised him to induce Lord Holderness to resign and take his place, which, at first, Bute affected to disapprove of, but eventually acted upon. The first object was to get rid of Pitt, who, by his talents and haughty independence of manner, was not more acceptable to the king and his counsellor, Bute, than by his policy, which they desired to abandon. Pamphlets were therefore assiduously circulated, endeavouring to represent Pitt as insatiable for war, and war as having been already too burdensome for the nation.Before leaving, the courteous officer permitted Bailly and about half-a-dozen deputies to enter and bring out their papers. The carpenters were already at work making preparations for the royal sance, which was intended for a counter-manifestation, and as the body of the deputies, now nearly completing their six hundred, marched through the streets, they heard the heralds[361] proclaiming it for Monday, the 22nd. Bailly felt that there was more indignity intended than even that of turning them so unceremoniously out of their house, for a message had been sent to him from the king, announcing the sance, but it had not been delivered to him, as etiquette required, at the hall, but at his private house, and not by a written dispatch, but verbally by De Brz, the master of ceremonies. When the deputies, with their president at their head, reached the Tennis Court, they found it a very spacious apartment, but naked, unfurnished, and desolate. There were no seats for the deputies, and a chair being offered to Bailly he declined it, saying he would not sit whilst the other members were standing. A wooden bench was brought, and served for a desk, two deputies were stationed as doorkeepers, and the keeper of the Court appeared and offered them his services. Great numbers of the populace crowded in, and the deliberations commenced. There were loud complaints of the interruption of their sitting, and many proposals to prevent such accidents in future. It was proposed to adjourn to Paris, where they would have the support of the people, and this project was received with enthusiasm; but Bailly feared that they might be attacked on the way, and, moreover, that such a measure would give an advantage to their enemies, looking like a desertion of their ground. Mounier then proposed that the deputies should bind themselves by an oath never to separate till they had completed the Constitution. This was hailed with enthusiasm. The oath was drawn up, and Bailly, standing on the bench, read it aloud:"You solemnly swear never to separate, and to re-assemble whenever circumstances shall require it, until the Constitution of the kingdom is founded and established on a solid basis." As he read this all the deputies held up their right hands, and repeated after him the words, "We swear!" The formula was read so loud that not only the spectators within but numbers without heard it, and all joined in the cry, "We swear!" Then followed loud acclaims of "Vive l'Assemble!" "Vive le Roi!"

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Buonaparte very speedily matured his plans for the seizure of Spain, and he began to put them into execution. From Italy, where he was violating the territories of the Pope, and compelling the reluctant Queen of Etruria to give up her kingdom, he wrote to the King of Spain, her father, that he consented to a marriage between the Prince of Asturias and a lady of his family. Whilst he thus gave assurance of his friendship, he ordered his army, lying at Bayonne, to enter Spain at different points, and possess themselves of the strong positions along its frontier. By this means the French were received as friends by the people, and neither the king nor Godoy complained of this gross breach of the Treaty of Fontainebleau. The impudent tricks by which the great fortresses were secured, each of which might have detained an army for years, have scarcely any parallel in history. At Pamplona, on the 9th of February, 1808, the French troops commenced a game of snowballing each other on the esplanade of the citadel, when suddenly they occupied the drawbridge, entered the fortress gate, and admitted a body of their countrymen, who had been placed in readiness, and the fortress was secured. At Barcelona the French gave out that they were about to march. Duchesne, the General, drew up his men before the citadel, on pretence of speaking with the French guard, near the citadel gate, passed suddenly in, followed by an Italian regiment, and the place was their own. St. Sebastian was captured by a number of French being admitted into the hospital, who let in their fellows, and Mountjoy was taken by a like ruse.[545]In the midst of this constitution-making, famine was stalking through the country, and bankruptcy was menacing the exchequer. The first loan of thirty millions had proved a total failure; a second of eighty, according to a fresh plan of Necker's, was equally a blank. With the necessities of the Government, the necessities of the people kept pace. The whole country was revolutionising instead of working; destroying estates instead of cultivating them. Farmers were afraid of sowing what they might never reap; trade and manufactures were at an end, for there was little money and no confidence. The country was not become unfruitful, but its people had gone mad, and the inevitable consequence was an ever-increasing famine. This, instead of being attributed to the true causes, was ascribed by the mob orators to all kinds of devilish practices of the Court and the aristocracy.But our military achievements in the East Indies were on a scale to throw even these successes far into the shade. Lord Wellesley, the Governor-General, was entreated by the Peishwa of Poonah to assist him against the other Mahratta chiefs, Scindiah and Holkar. The Peishwa had been driven out of his territory by these chiefs, aided principally by the military talents of M. Perron, a Frenchman, who had for many years entered, with several other French officers, on the fall of the Mysore power, into the service of Scindiah. He had been extremely successful, and had been rewarded with a wide territory on the Jumna; and when, in 1793, Shah Allum, the Mogul, had been made prisoner, he had been consigned to the custody of M. Perron. The Frenchman had now given his aid to expel the Peishwa, and Lord Wellesley, in sending General Lake to restore the Peishwa, authorised him to attempt to win over M. Perron to the British interest by very brilliant offers of property and distinction, for Perron was deemed avaricious. The temptation, however, failed, both with Perron and his French officers. He took the field in support of Scindiah, with seventeen thousand infantry, from fifteen to twenty thousand Mahratta horse, and a numerous train of artillery.CHAPTER XI. THE REIGN OF WILLIAM IV. (concluded).
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