FORE:The foreign relations of England at this period were, on the whole, satisfactory��as might be expected from the fact that our foreign policy was committed to the able management of Lord Palmerston, who, while sympathising with oppressed nationalities, acted steadily upon the principle of non-intervention. Considering, however, the comparative smallness o�� our naval and military forces, the formidable military powers of Russia and France created a good deal of uneasiness, which the king expressed in one of his odd impromptu speeches at Windsor. On the 19th of February there was a debate in the House of Commons on Eastern affairs, in which the vast resources and aggressive policy Of Russia were placed in a strong light. On that occasion Lord Dudley Stuart said, "Russia has 50,000,000 subjects in Europe alone, exclusive of Asia; an army of 700,000 men, and a navy of eighty line-of-battle ships and frigates, guided by the energy of a Government of unmitigated despotism, at whose absolute and unlimited disposal stand persons and property of every description. These formidable means are constantly applied to purposes of territorial aggrandisement, and every new acquisition becomes the means of gaining others. Who can tell that the Hellespont may not be subject to Russia at any moment? She has a large fleet in the Black Sea, full command of the mouths of the Danube, and of the commercial marine cities of Odessa and Trebizond. In three days she may be at Constantinople from Sebastopol; and if once there, the Dardanelles will be so fortified by Russian engineers that she can never be expelled except by a general war. She could be in entire possession of these important straits before any expedition could be sent from this country, even if such a thing could be thought of against the enormous military force at the command of Russia. That Russia is determined to have the Dardanelles is evident from the treaty of Unkiar-Skelessi, by which she began by excluding the ships of all other nations. The effect of this treaty was to exclude any ship of war from these straits, except with the permission of Russia. Russia might at any moment insist on the exclusion of our ships of war from the Dardanelles��nay, she has already done so; for when Lord Durham, going on his late embassy to the Court of St. Petersburg, arrived at the Dardanelles in a frigate, he was obliged to go on board the Pluto, an armed vessel without her guns, before he could pass the straits; and when he arrived at Sebastopol no salute was fired, and the excuse given was that they did not know the Pluto from a merchant vessel. But both before and since Lord Durham went, Russian ships of war, with their guns out and their streamers flying, passed through the Black Sea to the Dardanelles, and again through[412] the Dardanelles to the Black Sea. Russia has now fifteen ships of the line and seven frigates in the Black Sea. Sebastopol is only three days' sail from the Hellespont. Turkey has no force capable of resisting such an armament; the forts of the Hellespont are incapable of defence against a land force, for they are open in the rear. Russia might any day have 100,000 men in Constantinople before England or France could even fit out expeditions to defend it."

FORE:While these events were occurring in London, renewed signs of that terrible Irish difficulty which, in the end, played so prominent a part in hastening the conversion of the party who had opposed Free Trade, began to be forced upon the attention of public men. On the 6th of June the Limerick Reporter stated that at Listowel the state of the poor was awful and deplorable, potatoes being sixteen pence a stone, and there being no employment. One morning a boat, containing 560 barrels of oats, while waiting for the steamer at Garry Kennedy harbour, on its way to Limerick, was boarded by a large body of the populace, who possessed themselves of part of the grain. The police were sent for, but did not arrive in time to save the property. The Dublin Pilot reported that the people of Limerick, prompted by the cravings of hunger, had broken out in violent attacks on the flour stores and provision shops throughout the city, sparing none in their devastation. Flour was openly seized and distributed by the ringleaders among the populace. The crowd was at length dispersed by the military, and the mayor called a meeting of the inhabitants, to provide some means of meeting the distress. In the meanwhile, ten tons of oatmeal had been distributed among the most wretched, which was stated for the present to have satisfied their cravings. These things, it was remarked, took place while corn and flour, to the amount of four or five millions sterling, might, in a few weeks, be had in exchange for our manufactured goods.The following statement of the numbers receiving rations, and the total expenditure under the Act in each of the four provinces, compared with the amount of population, and the annual value assessed for poor-rate, may serve to illustrate the[546] comparative means and destitution of each province:��

FORE:Spain and Portugal are so bound together by natural sympathy that they generally share the same vicissitudes. Bad feeling had arisen between the national party and the Government in consequence of the appointment of Prince Ferdinand, the husband of the queen, to be commander-in-chief of the army. Other causes increased the popular discontent, which was at its height when the public was electrified by the news of the Spanish Revolution. The Ministers were obliged to make concessions; but, besides being inadequate, they were too late. The steamboat from Oporto was loaded with opposition members, who were received with the most enthusiastic demonstrations of welcome. On the 9th of September the clubs had everything arranged for a revolution, and a mixed array of troops of the line, ca?adors, and National Guards, proclaimed the Constitution adopted by John VI.; and, having sung a constitutional hymn, they appointed a deputation, headed by Viscount Sa Bandiera, to wait upon Queen Donna Maria. She had first contemplated resistance, but the army would not act against the people. The National Guards were in possession of the city, having occupied the Rocio Square in Lisbon all night, and in the morning they were informed that the queen had yielded to their wishes, appointing a new Ministry, with Bandiera at its head. Some of the most obnoxious of the ex-Ministers took refuge from popular vengeance on board the ships of the British squadron lying in the Tagus. Most of the peers protested against the Revolution; but it was an accomplished fact, and they were obliged to acquiesce.

FORE:FROM THE PAINTING BY VEREKER M HAMILTON, R.E.

FORE:When Emancipation was carried, the Catholics did not forget the claims of Mr. O'Connell, who had laboured so hard during a quarter of a century for its accomplishment. A testimonial was soon afterwards got up to reward him for his services. Mr. C. O'Laughlin, of Dublin, subscribed ��500; the Earl of Shrewsbury 1,000 guineas, and the less grateful Duke of Norfolk the sum of ��100. The collection of the testimonial was organised in every district throughout Ireland, and a sum of ��50,000 sterling was collected. Mr. O'Connell did not love money for its own sake. The immense sums that were poured into the coffers of the Catholic Association were spent freely in carrying on the agitation, and the large annuity which he himself received was mainly devoted to the same object. One means, which had no small effect in accomplishing the object, was the extremely liberal hospitality which was kept up, not only at Derrynane Abbey, but at his town residence in Merrion Square; and he had, besides, a host of retainers more or less dependent upon his bounty.Of course, the commercial changes introduced by Mr. Huskisson and Mr. Robinson excited loud murmurs of dissatisfaction from the interests affected, especially the shipping interest. But the best answer to objectors was the continuously flourishing state of the country. At the opening of the Session in 1825, Lord Dudley and Ward, in moving the Address in answer to the King's Speech in the Upper House, observed:��"Our present prosperity is a prosperity extending to all orders, all professions, and all districts, enhanced and invigorated by the flourishing state of all those arts which minister to human comfort, and those inventions by which man obtains a mastery over nature by the application of her own powers, and which, if one had ventured to foretell a few years ago, it would have appeared almost incredible." This happy state of things was the result of a legitimate expansion of trade. Manufacturers and merchants were at first guided by a spirit of sober calculation. The steady advance in the public securities, and in the value of property of all sorts, showed that the national wealth rested upon a solid basis. The extension of the currency kept pace with the development of trade and commerce, and the circulation of bankers' paper was enormously increased. But out of the national prosperity there arose a spirit of rash speculation and adventure, resulting in a monetary crisis. The issue of notes by country banks was under no restriction; no measures were taken to secure that their paper represented property, and could be redeemed if necessary. There were hundreds of bankers in the provinces who could issue any quantity of notes they pleased, and these passed as cash from hand to hand. The spirit of speculation and enterprise was stimulated to a feverish degree of excitement by the recognition of the states of Colombia, Mexico, and Buenos Ayres, formally announced in the King's Speech on the 3rd of February, which said that treaties of commerce had been made with those new states. The rich districts of South America being thus thrown open, there was a rush of capitalists and adventurers to work its inexhaustible mines. A number of companies was formed for the purpose, and the gains of some of them in a few months amounted to fifteen hundred per cent. The result was a mania of speculation, which seized upon all classes, pervaded all ranks, and threw the most sober and quiet members of society into a state of tumultuous excitement. Joint-stock companies almost innumerable were established, to accomplish all sorts of undertakings. There were thirty-three companies for making canals and docks, forty-eight for making railroads, forty-two for gas, twenty insurance companies, twenty-three banking companies, twelve navigation packet companies, five indigo and sugar companies, thirty-four metal companies, and many others. The amount of capital subscribed in these various companies, which numbered two hundred and seventy-six, was upwards of ��174,000,000. In connection with South America there was the Anglo-Mexican Company, the Brazilian, the Colombian, Real de Monte, and the United Mexican. On the South American shares only ten pounds each had been paid, except the Real de Monte, on which ��70 had been paid. We may judge of the extent to which gambling speculation was carried from the following statement of the market prices of the shares, in five of the principal mining companies[243], at two periods, December 10th, 1824, and January 11th, 1825:��