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ONE:It is impossible to conceive the extent of suffering and desolation inflicted upon society, almost every family being involved, more or less, in the general calamity. Flourishing firms were bankrupt, opulent merchants impoverished, the masses of working people suddenly thrown out of employment, and reduced to destitution; and all from causes with which the majority had nothing to do��causes that could have been prevented by a proper monetary system. If Bank of England notes had been a legal tender, to all intents and purposes supplying the place of gold as currency; if these notes had been supplied to the country banks in any quantities they required, ample security being taken to have assets equal to their respective issues, then the currency would have had an elastic, self-adjusting power, expanding or contracting according to the requirements of commerce. Inordinate speculation would not have been stimulated by a reckless system of credit, and business would have been conducted in a moderate and judicious manner, instead of rushing on at a high pressure that rendered a crash inevitable. The Government, after anxious and repeated deliberations, supplied a remedy on this principle. They determined to issue one-pound and two-pound notes of the Bank of England, for country circulation, to any amount required. In the meantime the Mint was set to work with all its resources in the coining of sovereigns[244], which, for the course of a week, were thrown off at the rate of 150,000 a day. The notes could not be manufactured fast enough to meet the enormous demand for carrying on the business of the country. In this dilemma the Bank was relieved by a most fortunate discovery��a box containing ��700,000, in one- and two-pound notes that had been retired, but which were at once put into circulation. The people having thus got notes with Government security, the panic subsided, and the demand for gold gradually ceased. The restoration of confidence was aided by resolutions passed at a meeting of bankers and merchants in the City of London, declaring that the unprecedented embarrassments and difficulties under which the circulation of the country laboured were mainly to be ascribed to a general panic, for which there were no reasonable grounds; that they had the fullest confidence in the means and substance of the banking establishments of the capital and the country; that returning confidence would remove all the symptoms of distress caused by the alarms of the timid, so fatal to those who were forced to sacrifice their property to meet unexpected demands. The new measures so promptly adopted and so vigorously carried into effect, raised the circulation of the Bank of England notes in three weeks from ��17,477,290 to ��25,611,800. Thus the regular and healthful action of the monetary system was restored by an adequate circulation of paper money, on Government security, without specie to sustain it. There were at the time of the crash 770 country bankers; 63 stopped payment, 23 of them having subsequently resumed business, and paid twenty shillings in the pound; and even those that were not able to resume, paid an average of seventeen shillings and sixpence in the pound. It was estimated that the total loss to the country by this panic was one hundred million pounds.THE FIRST GENERAL ASSEMBLY OF THE FREE CHURCH OF SCOTLAND.

THREE:Finding that there remained no other means of reinforcing his army, he drained the garrisons all over France, and drew what soldiers he could from Soult and Suchet in the south. He was busy daily drilling and reviewing, and nightly engaged in sending dispatches to urge on the provinces to send up their men. The Moniteur and other newspapers represented all France as flying to arms; but the truth was they looked with profound apathy on the progress of the Allies. These issued proclamation after proclamation, assuring the people that it was not against France that they made war, but solely against the man who would give no peace either to France or any of his neighbours; and the French had come to the conclusion that it was time that Buonaparte should be brought to submit to the dictation of force, as he was insensible to that of reason.After the lapse of a week the House of Commons met again on the 13th of May, when Lord John Russell immediately rose and stated that since he had last addressed them Sir Robert Peel had received authority from her Majesty to form a new Administration; and the right hon. baronet having failed, her Majesty had been graciously pleased to permit that gentleman to state the circumstances which led to the failure. Sir Robert Peel then proceeded to detail all the facts necessary for the explanation of his position to the country. He had waited upon the Queen according to her desire, conveyed at the suggestion of the Duke of Wellington, who had been sent for by her Majesty in the first instance. The Queen candidly avowed to him that she had parted with her late Administration with great regret, as they had given her entire satisfaction. No one, he said, could have expressed feelings more natural and more becoming than her Majesty did on this[462] occasion, and at the same time principles more strictly constitutional with respect to the formation of a new Government. He stated his sense of the difficulties a new Government would have to encounter; but having been a party to the vote that led to those difficulties, nothing should prevent him from tendering to her Majesty every assistance in his power. He accordingly, the next day, submitted the following list for her approval in the formation of a new Ministry:��The Duke of Wellington, Lord Lyndhurst, Earl of Aberdeen, Lord Ellenborough, Lord Stanley, Sir James Graham, Sir Henry Hardinge, and Mr. Goulburn. It was not until Thursday that any difficulty or misconception arose to lead to his relinquishing his attempt to form an Administration. His difficulty related to the Ladies of the Household. With reference to all the subordinate appointments below the rank of a Lady of the Bedchamber he proposed no change; and he had hoped that all above that rank would have relieved him of any difficulty by at once relinquishing their offices. This not having been done, he had a verbal communication with her Majesty on the subject, to which he received next day a written answer as follows:��

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FORE:The debate lasted four nights, and was kept up with the greatest spirit and vigour. The division was taken between three and four o'clock in the morning, when it was found that in a House of 611 members the numbers were��for the motion, 322; against it, 289; leaving the Government in a minority of 33. A Cabinet Council was held on the following day, when it was unanimously resolved to await the result of the debate on the Irish Tithe question on the same evening. Lord John Russell, on the report of the committee being brought up, moved the following resolution:��"That it is the opinion of this House that no measure upon the subject of tithes in Ireland can lead to a satisfactory and final adjustment which does not embody the principle contained in the foregoing resolution." He referred to the principle of the appropriation clause. On this an animated debate followed, which lasted till one o'clock in the morning. When the House divided,[385] it was found that the resolution was carried by a majority of twenty-seven; the numbers being��ayes, 285; noes, 258. As these divisions took place on a question of vital policy, Sir Robert Peel had no alternative but to resign. Accordingly, he announced his decision in the House next day. After the extraordinary efforts that he had made, and considering the circumstances in which he had been called upon to assume the reins of Government, it must have been very painful to him to be thus cut short in his patriotic labours; but he bore the disappointment with admirable spirit, and retired from his position so gracefully that he was warmly cheered from all parts of the House.

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THREE:The Emigrants had continued to flock to Coblenz, and their number, with their families, now amounted to nearly one hundred thousand of the most wealthy and influential class in France. They continued to make preparations for war, and it is no wonder that the people of France beheld their menacing attitude with uneasiness. Though the king publicly wrote letters to the Emigrants, desiring them to return to their country, and employ themselves as good citizens under the Constitution, there was a strong suspicion that he privately gave them different advice. That the king did maintain a secret correspondence with some of the insurgents is certain; but it is neither proved, nor does it appear probable, that he sanctioned their intention of making war on the country. But their obstinate absence drove the Assembly now to such severe measures against them as compelled Louis to exercise his veto in their favour, and he thus destroyed his popularity with the public, and caused himself to be considered as really in league with the Emigrants. Nevertheless, it was the advice of all the king's Ministers, as well as it appears to have been his own feeling, that they should return, for they[388] might have added immensely to the influence in favour of the throne. Louis, therefore, again exhorted the Emigrants to return; but they continued inflexible. He next wrote to the officers of the army and navy, deploring the information that he had received that they were quitting the service, and that he could not consider those his friends who did not, like himself, remain at their posts; but this was equally ineffectual, and the Minister of War reported to the Assembly that one thousand nine hundred officers had deserted. The Assembly was greatly incensed; the Girondists deemed it a good opportunity to force the king to deal a blow at the nobility and at his own brothers. On the 20th of October Brissot ascended the tribune, and demanded measures of severity against the Emigrants. At the close of the debate a decree was passed requiring the king's brothers to return to France within three months, on pain of forfeiting all their rights as citizens, and their claims as princes on the succession to the Crown. On the 9th of November a second decree was passed, declaring that all Frenchmen assembled on the frontiers were suspected of conspiracy against the country; that all such as should continue there till the 1st of January should be treated as traitors; that princes and public functionaries should become amenable to the same punishments; that the incomes of all such Emigrants, from lands, moneys, or offices, should from the present moment be sequestrated; that a court should be appointed in January to try them; and that any Frenchman, after this, crossing the frontiers, or found guilty of endeavouring to seduce the people from their allegiance, should be put to death.Both the Government and people of Britain responded to these demands with enthusiasm. War with Spain was declared to be at an end; all the Spanish prisoners were freed from confinement, and were sent home in well-provided vessels. The Ministers, and Canning especially, avowed their conviction that the time was come to make an effectual blow at the arrogant power of Buonaparte. Sir Arthur Wellesley was selected to command a force of nine thousand infantry and one regiment of cavalry, which was to sail immediately to the Peninsula, and to act as circumstances should determine. This force sailed from Cork on the 12th of July, and was to be followed by another of ten thousand men. Sir Arthur reached Corunna on the 20th of the same month, and immediately put himself in communication with the junta of Galicia. All was confidence amongst the Spaniards. They assured him, as the deputies in London had assured the Ministers, that they wanted no assistance from foreign troops; that they had men to any amount, full of bravery; they only wanted arms and money. He furnished them with a considerable sum of money, but his experienced mind foresaw that they needed more than they imagined to contend with the troops of Buonaparte. They wanted efficient officers, and thorough discipline, and he felt confident that they must, in their overweening assurance, suffer severe reverses. He warned the junta that Buonaparte, if he met with obstructions in reaching them by land, would endeavour to cross into Asturias by sea, and he advised them to fit out the Spanish ships lying at Ferrol to prevent this; but they replied that they could not divert their attention from their resistance by land, and must leave the[559] protection of their coasts to their British allies. Sir Arthur then sailed directly for Oporto, where he found the Portuguese right glad to have the assistance of a British force, and most willing to co-operate with it, and to have their raw levies trained by British officers. On the 24th of July he opened his communication with the town. The bishop was heading the insurrection, and three thousand men were in drill, but badly armed and equipped. A thousand muskets had been furnished by the British fleet, but many men had no arms except fowling-pieces. Wellesley made arrangements for horses and mules to drag his cannon, and convey his baggage, and then he sailed as far as the Tagus, to ascertain the number and condition of the French forces about Lisbon. Satisfied on this head, he returned, and landed his troops, on the 1st of August, at Figueras, in Mondego Bay. This little place had been taken by the Portuguese insurgents, and was now held by three hundred mariners from British ships. Higher up the river lay five thousand Portuguese regulars, at Coimbra. On the 5th he was joined by General Spencer, from Cadiz, with four thousand men; thus raising his force to thirteen thousand foot and about five hundred cavalry. The greatest rejoicing was at the moment taking place amongst the Portuguese from the news of General Dupont's surrender to Casta?os.

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THREE:By six o'clock in the evening the Allied army had lost ten thousand men in killed and wounded, besides a great number of the dispersed Belgians and other foreigners of the worst class, who had run off, and taken refuge in the wood of Soigne. But the French had suffered more severely; they had lost fifteen thousand in killed and wounded, and had had more than two thousand taken prisoners. At about half-past four, too, firing had been heard on the French right, and it proved to be the advanced division of Bulow. Grouchy had overtaken the Prussians at Wavre, but had been stopped there by General Thielemann, by order of Blucher, and kept from crossing the Dyle till it was too late to prevent the march of Blucher on Waterloo; so that whilst Thielemann was thus holding back Grouchy, who now heard the firing from Waterloo, Blucher was on the track of his advanced division towards the great battle-field. When Buonaparte heard the firing on the right, he thought, or affected to think, that it was Grouchy, whom he had sent for in haste, who was beating the Prussians; but he perceived that he must now make one gigantic effort, or all would be lost the moment that the main armies of the British and Prussians united. Sending, therefore, a force to beat back Bulow, he prepared for one of those thunderbolts which so often had saved him at the last moment. He formed his Imperial Guard into two columns at the bottom of the declivity of La Belle Alliance, and supporting them by four battalions of the Old Guard, and putting Ney at their head, ordered him to break the British squares. That splendid body of men, the French Guards, rushed forward, for the last time, with cries of "Vive l'Empereur!" and Buonaparte rode at their head as well as Ney, as far as the farm of La Haye Sainte. There the great Corsican, who had told his army on joining it this last campaign that he and they must now conquer[100] or die, declined the death by suddenly wheeling his horse aside, and there remaining, still and stiff as a statue of stone, watching the last grand venture. The British right at this moment was wheeling towards Buonaparte's position, so that his Guards were received by a simultaneous fire in front and in the flank. The British soldiers advanced from both sides, as if to close round the French, and poured in one incessant fire, each man independently loading and discharging his piece as fast as he could. The French Guards endeavoured to deploy that they might renew the charge, but under so terrible a fire they found it impossible: they staggered, broke, and melted into a confused mass. As they rolled wildly down the hill, the battalions of the Old Guard tried to check the pursuing British; but at this moment Wellington, who had Maitland's and Adams's brigades of Guards lying on their faces behind the ridge on which he stood, gave the command to charge, and, rushing down the hill, they swept the Old Guard before them. On seeing this, Buonaparte exclaimed, "They are mingled together! All is lost for the present!" and rode from the field. The battle was won. But at the same moment Wellington ordered the advance of the whole line, and the French, quitting every point of their position, began a hasty and confused retreat from the field.During this year Buonaparte made another attempt to recover the mastery of St. Domingo. Dessalines was now emperor, having a court full of black nobles and marshals, an exact parody of Napoleon's. A French squadron, under Admiral Lessigues, consisting of five ships of the line, two frigates, and a corvette, managed to escape the British fleets, and, on the 20th of January, to anchor in the road of St. Domingo. They had just landed a body of troops, when Sir John Duckworth made his appearance with seven sail-of-the-line and four frigates. Lessigues slipped his cables, and endeavoured to get out to sea, but the wind did not favour him; Sir John Duckworth came up with him, and, on the 6th of February, attacked and defeated him. Though Sir John had the superiority in number of vessels, the French vessels were, some of them, much larger ones; and one, the Imperial, was reckoned the largest and finest ship of their navy��a huge three-decker, of three thousand three hundred tons, and a hundred and thirty guns. Yet, in three hours, Sir John had captured three of the French line of battle ships; the other two ran on the rocks, and were wrecked. One of these was the gigantic Imperial. Nearly the whole of her crew perished, five hundred being killed and wounded before she struck. One of these frigates which escaped was afterwards captured by a British sloop of war in a very battered condition from a storm, in addition to the fight.

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FORE:But far above all rose, at this period, the already popular romantic poet, Walter Scott. Before him, in Scotland, Henry Mackenzie had occupied for a long time the foreground as a writer of fiction, in "The Man of Feeling," "Julia de Roubign��," etc., but in a very different class of invention. As Walter Scott (b. 1771; d. 1832) had opened up the romance of the Scottish Highlands in his poems, so he now burst forth, on the same ground, in historic romance, with a vigour, splendour, and wonderful fertility of imagination and resource of knowledge which far exceeded everything in the history of literature since the days of Shakespeare. We need not attempt to characterise the voluminous series of what are called the "Waverley Novels," which, in their ample range, occupied almost every country of Europe and every climate, from the bleak rocks of Orkney to the glowing plains of Syria and India; they are familiar to all readers, and closed this period with a splendour from the mingled blaze of invention, poetry, and science, which no succeeding age is likely to surpass.CHAPTER XV. REIGN OF GEORGE III. (continued).

Senior Desigener

FORE:After these transactions there could no longer remain even the name of peace between France and England. Mr. Thompson, the British Resident at Paris, made the most indignant complaints of the hostile proceedings of the French fleets and of the encouragement of the Young Pretender. The reply to this was a formal declaration of war, couched in the most offensive terms, in the month of March, to which George replied in a counter-declaration equally strong.The Austrians and Russians by this time were in full march for Italy. Leaving the Archduke Charles to cope with Jourdain, who had made himself master of the fortress of Ehrenbreitstein in January, and menaced a march on the Danube, an army of Austrians, under Generals Bellegarde and Hotze, entered Switzerland, re-occupied the Grisons country, drove the French from the St. Gothard, and menaced Massena at Zurich. Another army of Austrians, under old General M��las, issued from the Tyrol and drove the French General, Scherer, from post to post in Upper Italy, till he took refuge behind the Mincio. Moreau was then sent to supersede Scherer, but found himself in April confronted not only by M��las, but by Suvaroff, with an addition of fifty thousand men. On the 27th of that month he was attacked by this combined force and beaten. Brescia and Peschiera surrendered, Mantua was invested, and Suvaroff entered Milan. Moreau was compelled to retreat upon Genoa, and await the arrival of Macdonald, who was rapidly marching from Naples to his aid. But Macdonald was confronted on the banks of the Trebia, and after a fierce battle of three days he was routed, and escaped only to Moreau with the remnant of his army. Moreau now stationed himself in the entrance of the Bochetta Pass, in the Apennines, behind the town of Novi; but there he was superseded by General Joubert, the Directory having lost faith in him. Joubert, however, had no better success than Moreau. Suvaroff attacked him on the 16th of August, routed his army and killed him; the French abandoning nearly all their artillery on the field, and flying in disorder towards Genoa.

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