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This spirited and brilliant action had a wonderful effect on the American mind. It revived the courage of the troops, which had sunk very low after so many defeats. It inspired them and the public at large with confidence in the talents and daring of their Commander-in-Chief, who was now eulogised as another Fabius. Such was the confidence inspired, even in himself, by this success, that, being immediately joined by three thousand six hundred Pennsylvanian militia, he determined to cross the Delaware, as it was now strongly frozen over. But General Grant had already joined General Leslie at Princeton, with a strong body of British and Hessian troops; and General Howe, on hearing of the fresh spirit of the American army, had detained Lord Cornwallis, who was about to leave for England. He hastened to Princeton, and took the command of the whole force, concentrating all the troops on the Delaware shore. On the 2nd of January, 1777, he marched from Princeton for Trenton, drove in the enemy's outposts, and reached Trenton by five o'clock the same afternoon. Washington retired as he approached. The British, on arriving at the fort and bridge of the Assumpinck, found both guarded by artillery, and Washington posted on[236] some high ground beyond. Cornwallis cannonaded the bridge and forts, and his fire was briskly returned. He then encamped for the night there, intending to force the creek the next morning; but Washington did not wait for him. With his raw militia only a few days in camp, he had no chance of resisting Cornwallis's army, and yeta thaw having taken placeit was impossible to cross the Delaware. He called a council of war, and it was concluded that, from the great force of Cornwallis in front, the rear could not be very strong. It was therefore determined to make an attempt to gain the rear, beat up the enemy's quarters at Princeton, now, as they supposed, nearly deserted, and, if they could succeed, fall on the British stores and baggage at New Brunswick. Their own baggage was, accordingly, sent quickly down the river to Burlington, the camp-fires were replenished, and small parties being left to deceive the enemy by throwing up entrenchments, Washington, about midnight, silently decamped by a circuitous route towards Princeton. At dawn they encountered two out of three English regiments, which had been at Princeton, on the march. These were the 17th and 55th, hastening to join Cornwallis at Trenton. They imagined the Americans, owing to a thick fog, to be a body of Hessians; but, on discovering the mistake, a sharp fight took place, and for some time the two British regiments withstood Washington's whole force. Colonel Mawhood, the English commander, posted his force advantageously on a rising ground between the Americans and Princeton, sent back his baggage waggons, and dispatched messengers to bring up the 40th regiment, still in Princeton, with all speed. The 40th not arriving, Washington managed to force his way between the two British regiments. The 17th continued its march for Trenton; the 55th fell back upon Princeton, where the 40th, which had defended itself in the college, after losing a considerable number of prisoners, joined the 55th, and retreated upon New Brunswick.[295]

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FORE:The army of Joseph dispersed at full speed, and as our cavalry could not pursue them across the hedges and ditches, they managed to escape, and made their way to Pampeluna in one wild, chaotic herd. On the field they profess to have left eight thousand men in killed and wounded, but their loss was far greater. They left, also, one hundred and fifty-one pieces of brass ordnance, four hundred and fifteen caissons, more than forty thousand rounds of ammunition, nearly two million musketball cartridges, forty thousand six hundred and sixty-eight pounds of gunpowder, fifty-six forage[59] waggons, and forty-four forge waggons. The allied army had killed, British, five hundred and one; Portuguese, one hundred and fifty; Spaniards, only eighty-nine: wounded, British, two thousand eight hundred and seven; Portuguese, eight hundred and ninety-nine; Spanish, four hundred and sixty-four. Lord Wellington reported the conduct of almost every officer engaged as admirable. King Joseph did not stop till he was safe, for a time, within the strong walls of Pampeluna, but the garrison there would not admit the rabble herd of fugitives, but sent them off like enemies; and they were forced to continue their flight into the Pyrenees.
TWO:Tobias Smollett (b. 1721; d. 1771), before he appeared as a novelist, following in the track of Fielding rather than in that of Richardson, had figured as poet, dramatist, and satirist. Originally a surgeon from Dumbartonshire, and afterwards surgeon's mate on board of a man-of-war, he had then lived as an author in London. Thus he had seen great variety of life and character, and, having a model given him, he threw his productions forth in rapid succession. His first novel was "Roderick Random," which appeared in 1748, the same year as Richardson's "Clarissa," and a year preceding perhaps the greatest of Fielding's works, "Tom Jones." Then came, in rapid sequence, "Peregrine Pickle," "Count Fathom," "Sir Launcelot Greaves," and "Humphrey Clinker." Whilst writing these he was busy translating "Don Quixote"a work after his own hearttravelling and writing travels, editing The Briton, and continuing Hume's "History of England." In his novels Smollett displayed a deep knowledge of character, and a humour still broader and coarser than that of Fielding. In Smollett the infusion of indecency may be said to have reached its height. In fact, there is no more striking evidence of the vast progress made in England since the commencement of the reign of George III., in refinement of manners and delicacy of sentiment, than the contrast between the coarseness and obscenity of those early writers and the novelists of the present day. The picture which they offer of the rude vice, the low tastes, the debauched habits, the general drunkenness, and the ribaldry and profanity of language in those holding the position of gentlemen and even of ladies, strikes us now with amazement and almost with loathing.The trial of Sir Charles Wolseley and Dr. Harrison for their speeches at the meeting for Reform at Stockport in June, 1819, terminated also in their conviction and imprisonment for eighteen months, as well as the giving of security for their future good behaviour on liberation.
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THREE:This memorable controversy between the Prime Minister and the Lord-Lieutenant of Ireland, exhibiting a painful conflict of opinion and feeling between the two personages more particularly charged with the government of the country in the midst of a dangerous crisis, was brought to a close by a letter from the Duke of Wellington on the 28th of December. The following is a copy:

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THREE:Scarcely had Lord Exmouth reached home when he was ordered forth again to avenge this outrage, and he sailed from Plymouth on the 28th of July, 1816, with a fleet of twenty-five large and small ships. At Gibraltar he was joined by the Dutch Admiral Van Cappellan with five frigates and a sloop, to which were added a number of British gunboats. On the 27th of August Lord Exmouth sailed right into the formidable harbour of Algiers, and dispatched a messenger to the Dey, demanding instant and ample recompense for the outrage; the delivery of all Christian slaves in the kingdom of Algiers; the repayment of the money received by the Dey for the liberation of Sicilian and Sardinian slaves; the liberation of the British consulwho had been imprisonedand of two boats' crews detained; and peace between Algiers and Holland. The messenger landed at eleven o'clock, and two hours were given the Dey to prepare his answer. The messenger remained till half-past two o'clock, and no answer arriving, he came off, and Lord Exmouth gave instant orders for the bombardment. The attack was terrible. The firing from the fleet, which was vigorously returned from the batteries in the town and on the mole, continued till nine in the evening. Then most of the Algerine batteries were knocked literally to pieces, but the firing did not cease till about eleven. No sooner was the assault over than a land wind arose and carried the fleet out of the harbour, so that the vessels were all out of gunshot by two o'clock in the morning. A wonderful spectacle then presented itself to the eyes of the spectators in the fleet. Nine Algerine frigates, a number of gunboats, the storehouses within the mole, and much of the town were in one huge blaze, and by this they could see that the batteries remained mere heaps of ruins. The next morning Lord Exmouth sent in a letter to[123] the Dey with the offer of the previous day, saying, "If you receive this offer as you ought, you will fire three guns." They were fired. The Dey made apologies, and signed fresh treaties of peace and amity, which were not of long endurance. But within three days one thousand and eighty-three Christian slaves arrived from the interior, and were received on board and conveyed to their respective countries.When peace was made in Europe, the United States became anxious for peace too. Madison had begun the war in the ungenerous hope of wresting Canada from Great Britain, because he thought her too deeply engaged in the gigantic war against Napoleon to be able to defend that colony. He believed that it would fall an easy prey; that the Canadians must so greatly admire the model republic that they would abandon monarchy at the first call, and that he should thus have the glory of absorbing that great world of the north into the American Republic. In all this, he and those who thought with him found themselves egregiously deceived. The Canadians showed they were staunchly attached to Great Britain, and the attempts at invasion were beaten back by the native militia and by our handful of troops with the greatest ease. Meanwhile, the blockade of the east, and the seizure of the merchant shipping, drove the New England and other eastern States to desperation. Throughout this war Great Britain made a uniform declaration of a preference for peace, but her offers were regularly rejected so long as Napoleon was triumphant. The United States, professing the utmost love of freedom, were the blind and enthusiastic worshippers of the man who was trampling the liberties of all Europe under his feet. It was not till the last momentnot till he had been defeated in Russia, driven by Britain out of Spain, routed and pursued out of Germany, and compelled to renounce the Imperial Crown of Francethat the American Government began to understand the formidable character of the Power which it had so long and so insolently provoked, and to fear the whole weight of its resentment directed against its shores. It is certain that, had Britain been animated by a spirit of vengeance, it had now the opportunity, by sending strong fleets and a powerful army to the coast of America, to ravage her seaboard towns, and so utterly annihilate her trade as to reduce her to the utmost misery, and to precipitate a most disastrous system of internal disintegration. The New England States, in 1814, not only threatened to secede, but stoutly declared that they would not furnish another shilling towards paying the expenses of the war. They even intimated an idea of making a separate peace with Britain. In Massachusetts especially these[114] menaces were vehement. Governor Strong spoke out plainly in the Legislative Chamber of that State. Madison endeavoured to mollify this spirit by abandoning his Embargo and Emancipation Acts, but this was now too late, for the strict blockade of the British, in 1814, rendered these Acts perfectly dead.

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Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in aliquip ex ea commodo consequat voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in aliquip ex ea commodo consequat voluptate velit esse cillum dolore eu fugiat nulla pariatur.

FORE:The year 1797 was opened by the suspension of cash payments. The Bank of England had repeatedly represented to Pitt, as Chancellor of the Exchequer, that his enormous demands upon it for specie, as well as paper money, had nearly exhausted its coffers and could not long be continued. The payment of our armies abroad, and the advances to foreign kings, were necessarily made[455] in cash. The Government, in spite of enormous taxation, had already overdrawn its account eleven million six hundred and sixty-eight thousand eight hundred pounds, and the sole balance in the hands of the Bank was reduced to three million eight hundred and twenty-six thousand eight hundred and ninety pounds. Pitt was demanding a fresh loan for Ireland, when a message came from the Bank to say that, in existing circumstances, it could not be complied with. Thus suddenly pulled up, the Privy Council was summoned, and it was concluded to issue an order for stopping all further issue of cash, except to the Government, and except one hundred thousand pounds for the accommodation of private bankers and traders. Paper money was made a legal tender to all other parties, and the Bank was empowered to issue small notes for the accommodation of the public instead of guineas. A Bill was passed for the purpose, and that it might not be considered more than a temporary measure, it was made operative only till June; but it was renewed from time to time by fresh Acts of Parliament. The system was not abolished again till 1819, when Sir Robert Peel brought in his Bill for the resumption of cash payments, and during the whole of that time the depreciation of paper money was comparatively slight.
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  • FORE:On the 14th of September the French army came in sight of Moscow, and the soldiers, worn down and miserable with their long and severe march, shouted with joy, "Moscow! Moscow!" They rushed up the hill called the Mount of Salvation, because there the natives coming in full view of the city kneel and cross themselves. There the splendid spectacle of the widely-spread ancient capital lay before their eyes, with its spires of thirty churches, its palaces of Eastern architecture, and its copper domes glittering in the sun. Interspersed were beautiful gardens, and masses of noble trees, and the gigantic palace of the Kremlin rising above in colossal bulk. All were struck with admiration of the place which had so long been the goal of their wishes. Napoleon himself sat on his horse surveying it, and exclaimed, "Behold at last that celebrated city!" But he immediately added, in an under-tone, "It was full time!" He expected to see trains of nobles come out to throw themselves at his feet and offer submission; but no one appeared, and not a sign of life presented itself, no smoke from a single chimney, not a man on the walls. It looked like a city of the dead. The mystery was soon solved by Murat, who had pushed forward, sending word that the whole population had abandoned Moscow! Two hundred and fifty thousand people had forsaken their home in a mass! The tidings struck the invader with wonder and foreboding; but he added, smiling grimly, "The Russians will soon learn better the value of their capital." He appointed Mortier governor of the place, with strict orders that any man who plundered should be shot; he calculated on Moscow as their home for the winterthe pledge of peace with Alexanderthe salvation of his whole army. But the troops poured into the vast, deserted city, and began everywhere helping themselves, whilst the officers selected palaces and gardens for residences at pleasure.

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  • FORE:The year 1824 is memorable in Ireland for the establishment of the Catholic Association. The Catholic question had lain dormant since the union. Ireland remained in a state of political stupor. There was a Catholic committee, indeed, under the direction of a gentleman of property, Mr. John Keogh, of Mount Jerome, near Dublin. But his voice was feeble, and seldom heard. The councils of the Roman Catholics were much distracted. Many of the bishops, and most of the gentry, recommended prudence and patience as the best policy. Liberal statesmen in England were willing to make concessions, but the conscientious scruples of George III. had presented an insuperable barrier in the way of civil equality. There was an annual motion on the subjectfirst by Grattan, then by Plunket, and lastly by Burdett; but it attracted very little attention, till the formidable power of the Catholic Association excited general alarm for the stability of British institutions. Adverting to the past history of Irelandher geographical position, her social state in respect of the tenure of property, and the numbers of the respective religious denominations of her peoplethe ablest Conservative statesmen considered that it would be extremely difficult to reconcile the perfect equality of civil privilege, or rather the bona fide practical application of that principle, with those objects on the inviolable maintenance of which the friends and opponents of Catholic Emancipation were completely agreednamely, the Legislative union and the Established Church. There was the danger of abolishing tests which had been established for the express purpose of giving to the legislature a Protestant charactertests which had been established not upon vague constitutional theories, but after practical experience of the evils which had been inflicted and the dangers which had been incurred by the struggles for ascendency at periods not remote from the present. There was the danger that the removal of civil disabilities might materially alter the relations in which the Roman Catholics[249] stood to the State. Sir Robert Peel, in his "Memoirs," recites those difficulties at length, and in all their force. He fully admits that "the Protestant interest" had an especial claim upon his devotion and his faithful service, from the part which he had uniformly taken on the Catholic question, from the confidence reposed in him on that account, and from his position in Parliament as the representative of the University of Oxford.

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  • FORE:Here, then, our history of the political transactions of the reign of George III. terminates. That reign really terminated in 1811, with the appointment of the Regency, which continued the ruling power during the remainder of his life. From that date it is really the history of the Regency that we have been prosecuting. But this was necessary to maintain the unity of the narrative of that most unexampled struggle which was involving the very existence of every nation in Europe. Of all this the poor old, blind, and deranged king knew nothinghad no concern with it. The reins of power had fallen from his hands for ever: his "kingdom was taken from him, and given to another." He had lived to witness the rending away of the great western branch of his empire, and the sun of his intellect went down in the midst of that tempest which threatened to lay in ruins every dynasty around him. We have watched and detailed that mighty shaking of the nations to its end. The events of the few remaining years during which George III. lived but did not rule, were of a totally different character and belong to a totally different story. They are occupied by the national distresses consequent on the war, and the efforts for reform, stimulated by these distresses, the first[119] chapter of which did not close till the achievement of the Reform Bill in 1832.

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  • FORE:Sheridan marked the opening of the year 1795 by moving, on the 5th of January, for the repeal of the suspension of the Habeas Corpus Act. He showed that the very grounds on which this suspension had been based had miserably given way on the trials of Tooke, Hardy, and the rest; that the whole amount of arms and money on which the so-called "formidable" conspiracy had rested had been shown to be one pike, nine rusty muskets, and a fund of nine pounds and one bad shilling! He said that the great thing proved was the shameful conspiracy of the Government against the people, and their infamous employment of spies for that end; that eight thousand pounds had been spent on the Crown lawyers, and a hundred witnesses examined, only to expose the guilt of the Ministry. Windham defended the measures of Government, and charged the juries with ignorance and incapacity, for which Erskine severely reprimanded him. But the standing majorities of Pitt were inaccessible to argument, and the continuance of the suspension was voted by a majority of two hundred and thirty-nine against fifty-three. A like result attended the debate in the Lords, where, however, the Dukes of Norfolk and Bedford, the Marquis of Lansdowne, and the Earls of Lauderdale and Guildford strongly opposed the suspension.SIR ROWLAND HILL, 1847.

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  • FORE:The year 1804 opened by an announcement that his Majesty was suffering under a return of his old malady. On the 14th of February an official bulletin was issued at St. James's Palace, informing the public of the royal indisposition; and the repetition of it from day to day, without specifying the nature of the illness, left no doubt of its real character. Still, on the 29th, Addington assured the House that there was no necessary suspension of the royal functions, and the bulletins grew more favourable; but it was well known that he was not really in a condition to transact business till the following September, though at times, as on the 9th, 10th, and 11th of May, he drove about in public, in company with the queen and princesses. Probably his advisers thought that the hearty cheers with which he was received might have a bracing effect on his mind, which had been cruelly harassed by the separation of the Prince of Wales from his wife, the king's niece, amid grave public scandals. Such a circumstance was exactly calculated to throw the royal mind off the balance; but besides this, the unsatisfactory state of his Cabinet and of parties in Parliament was such as greatly to aggravate his anxiety.

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  • FORE:During this period Richard Bentley, Master of Trinity College, Cambridge, and archdeacon of Ely, figures prominently as one of the most profound classical scholars that Great Britain has produced, and, at the same time, as one of the most quarrelsome, arrogant, and grasping of men. The circumstance which made the most noise in his career was his controversy with the Hon. Charles Boyle regarding the authenticity of the Epistles of Phalaris and the Fables of ?sop. In this dispute he had to contend with Drs. Atterbury, French, King, and Smallridge, who made the reply to him in their "Examination of Bentley's Dissertation on the Epistles," in the name of Boyle. Swift also attacked him in "The Battle of the Books." The controversy made an immense noise at the time, and Bentley completely proved his assertion, that both the Epistles of Phalaris and the Fables of ?sop, in their present form, are spurious. The services of Bentley in publishing corrected editions of various classical works are of no ordinary kind. Amongst the authors who have received the benefit of his critical touches are Aristophanes, Cicero, Menander, Philemon, Horace, Nicander, Ph?drus, and Homer. In his editions of Horace and Homer, however, he laid himself open to severe criticism by his rash and arbitrary emendations of the text, and still more so by his edition of Milton's "Paradise Lost," from the same cause. In this case he showed that he was as deficient in the Italian and romantic learning, which Milton had made himself master of, as he was great in his own classical field. Bentley displayed himself as a theologian of great distinction by his refutation of Collins's "Discourse of Freethinking," and his lectures at Oxford in defence of the Christian religion.

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THREE:The British Ministry was at length becoming aware of the mischief of allowing the Empress of Russia to make continual inroads on the Turkish Empire. The British Ambassador, Mr. Fawkener, had been instructed to inform Catherine that Britain could not quietly acquiesce in these usurpations, which were seriously disturbing the balance of power in Europe. Catherine replied, haughtily, that she did not recognise the right of Britain to interfere, and that she should keep possession of Oczakoff, and all her conquests between the Bug and the Dniester. On the 28th of March Pitt communicated this answer to the House, in a message from his Majesty, and that he had deemed it necessary to come to an understanding with his allies, Prussia and Austria, on the subject, and to maintain the fleet in its augmented condition. He moved, the next day, an address to his Majesty, thanking him for his care in these respects. The Whigs, almost to a man, condemned this policy. Coke of Norfolk, Lord Wycombe, Mr. Lambton, afterwards Earl of Durham, and others, stoutly opposed it. Fox treated the idea of Russia having become a power formidable to the peace of Europe as ludicrous. Both he and Burke contended that there was nothing in the aggressions of Russia to occasion any alarm; that Turkey was a decaying nation, which it was useless to attempt to support; and that to bolster it up was only to maintain a barbarous people in domination over Christian populations. Fox upbraided the Government with their folly and inconsistency, if such were their fears of Russia, in having till recently encouraged her in her plan of aggressions in that direction. He reminded them that, twenty years ago, Great Britain, on war breaking out between Russia and the Porte, had aided Catherine in sending a fleet to the Mediterranean, and had thus enabled her to acquire a maritime force in the Black Sea. The truth, however, was that it was not the present Ministry that had committed this folly, but a Whig Ministry, of which Fox was one. He confessed to this, and also to the fact that in 1782, when Catherine seized more completely on the Crimea and Kuban Tartary, France and Spain had urged us to unite with them in preventing this, but that we had declined, and these countries had become permanently united to Russia. Now all this was, in truth, a simple confession of the incapacity of the Whigs, and of Fox himself included, to see the dangerous tendency of the Russian policy, and the only circumstance on which he could justly condemn the Ministry of Pitt was for not strenuously supporting Turkey and Sweden, the ally of Turkey against Russia, when they did see this tendency. By mean and parsimonious conduct they had allowed Sweden to be driven out of her territories on the eastern shore of the Baltic by Russia, when, had they given her but moderate support, that Power would have become a permanent check on the aggressive spirit of Russia. The motion of Pitt was carried by a large majority. A few days afterwards Mr. Grey renewed the subject in a series of resolutions, condemning all interference on behalf of Turkey, and contending that Russia was only weakening instead of strengthening herself by extending her dominions. But Pitt, in reply, showed the very obvious facts that the retention of Oczakoff opened the way to Constantinople, and that the possession of Constantinople prepared the way for the seizure of Egypt, and the supremacy of the Mediterranean, with the most formidable consequences to our commerce. The resolutions of Grey were negatived; but twice again during the session the Whigs returned to the chargeon the 15th of April and on the 25th of May,but with no better success. The armament was maintained, but the isolated threats of England had little effect on Catherine. Pitt was accordingly compelled to change his policy, and acquiesce in a peace by which she retained the territory between the Bug and the Dniester, and the fortress of Oczakoff.

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FORE:The new Ministry were now to find that it was very difficult to perpetuate principles and measures which they had for a quarter of a century been condemning simply because they furnished weapons of annoyance to the party then in power. The public, still smarting under the ruinous mismanagement of the war, returned to the charge, by demanding an inquiry into the conduct of Walpole, whom they accused of their sufferings. These petitions were introduced and recommended by what were called the Boy PatriotsPitt, Lyttelton, and the rest.
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During the winter the Americans had been preparing for war, fabricating and repairing arms, drilling militia, and calling on one another, by proclamations, to be ready. On the 26th of February, 1775, Gage sent a detachment to take possession of some brass cannon and field-pieces collected at Salem. A hundred and fifty regulars landed at Salem for this purpose, but, finding no cannon there, they proceeded to the adjoining town of Danvers. They were stopped at a bridge by a party of militia, under Colonel Pickering, who claimed the bridge as private property, and refused a passage. There was likely to be bloodshed on the bridge, but it was Sunday, and some ministers of Salem pleaded the sacredness of the day, and prevailed on Colonel Pickering to let the soldiers pass. They found nothing, and soon returned.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 docauses 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 discoverya 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 state of the Church of England was one of the most surprising deadness and corruption. Vast numbers of the churches had no minister resident, except a poor curate at a salary of some twenty pounds per annum, who, therefore, was compelled to do duty in two or three neighbouring parishes at once, in a manner more like the flying tailor of Brentford than a Christian minister; and the resident incumbents were for the most part given up to habits of intoxication, inherited from the last reign. Some of these ruling pastors held three or four livings, for the licence as to the plurality of livings was then almost unbounded.[See larger version]
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