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THREE:Whilst our armies were barely holding their own in Spain, our fleets were the masters of all seas. In the north, though Sweden was nominally at war with us, in compliance with the arrogant demands of Buonaparte, Bernadotte, the elected Crown Prince, was too politic to carry out his embargo literally. The very existence of Sweden depended on its trade, and it was in the power of the British blockading fleet to prevent a single Swedish vessel from proceeding to sea. But in spite of the angry threats of Napoleon, who still thought that Bernadotte, though become the prince and monarch elect of an independent country, should remain a Frenchman, and, above all, the servile slave of his will, that able man soon let it be understood that he was inclined to amicable relations with Great Britain; and Sir James de Saumarez, admiral of our Baltic fleet, not only permitted the Swedish merchantmen to pass unmolested, but on various occasions gave them protection. Thus the embargo system was really at an end, both in Sweden and in Russia; for Alexander also refused to ruin Russia for the benefit of Buonaparte, and both of these princes, as we have seen, were in a secret league to support one another. Denmark, or, rather, its sovereign, though the nephew of the King of Great Britain, remained hostile to us, remembering not only the severe chastisements our fleets had given Copenhagen, but also the facility with which Napoleon could, from the north of Germany, overrun Denmark and add it to his now enormous empire. In March of this year the Danes endeavoured to recover the small island of Anholt, in the Cattegat, which we held; but they were beaten off with severe loss, leaving three or four hundred men prisoners of war. Lorem ipsum dolor sit amet.

THREE:But at length the Legislature adopted a measure which attempted to go to the root of one of the greatest evils that afflicted Ireland. This was a Bill for facilitating the transfer of encumbered estates, which was passed into law, and is generally known as the Encumbered Estates Act. It was introduced by the Solicitor-General, Sir Samuel Romilly, on the 26th of April. Nothing could be more unsatisfactory than the state of landed property in that country. Many of the estates had been in Chancery for a long series of years, under the management of receivers, and periodically let at rack-rents. Many others which were not in Chancery were so heavily mortgaged that the owners were merely nominal. Others again were so tied up by family settlements, or held by such defective titles, that they could not be transferred. Consequently, a great portion of the landed property of the country was in such a condition that capital could not be invested in it, or expended on it. The course of proceeding in Chancery was so slow, so expensive, so ruinous, and the court was so apparently incapable of reform, that nothing could be expected from that quarter. The Government, therefore, proposed to establish a commission, invested with all the powers of that court, and capable of exercising those powers in a summary manner, without delay and without expense, so that an encumbered estate could be at once sold, either wholly or in part, and a parliamentary title given, which should be good against all the world. This important measure met with general approval in both Houses. Indeed it was hailed with satisfaction by all classes of the community, with the exception of a portion of the Irish landed gentry. There were three commissioners appointed, lawyers of eminence and experience in connection with land. By a subsequent enactment in 1849, it was regulated as a permanent institution, under the title of the Landed Estates Court; the three commissioners were styled judges, ranking with the judges of the Law Courts. The number of petitions or applications for sale made to this court from the 17th of October, 1849, to the 1st of August, 1850, was 1,085, and of this number those by owners amounted to 177��nearly one-sixth of the whole. The rental of the estates thus sought to be sold by the nominal proprietors, anxious to be relieved of their burdens, was ��195,000 per annum, and the encumbrances affecting them amounted to no less than ��3,260,000. The rental of the estates included in 1,085 applications, made by others not owners, amounted to ��655,470 per annum, and the debt upon these amounted to the enormous sum of ��12,400,348. One of the estates brought before the court had been in Chancery for seventy years, the original bill having been filed by Lord Mansfield in 1781. The estates were broken up into parcels for the convenience of purchasers, many of whom were the occupying tenants, and the great majority were Irishmen. Generally the properties brought their full value, estimated by the poor-law valuation, not by the rack rents which were set down in the agents' books, but never recovered. The amount of capital that lay dormant in Ireland, waiting for investment in land, may be inferred from the fact that in nine years��from 1849 to 1858��the sum of twenty-two millions sterling was paid for 2,380 estates. But in the pacification of Ireland the Act accomplished far less than was hoped by Sir Robert Peel, who practically forced the measure upon the Ministry. Men of capital looked for a fair percentage for their investments: many of them were merchants and solicitors, without any of the attachments that subsisted between the old race of landlords and their tenants, and they naturally dealt with land as they did with other matters��in a commercial spirit��and evicted wholesale tenants who were unable to pay. Lorem ipsum dolor sit amet.

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THREE:The Treaty of Peace received the sanction of the Parliament; not so the Treaty of Commerce. By this treaty it was provided that a free trade should be established according to the tariff of 1664, except as it related to certain commodities which were subjected to new regulations in 1669. This went to abolish all the restrictions on the importation of goods from France since that period, and within two months a law was also to be passed that no higher duties should be levied on goods brought from France than on the like goods from any other country in Europe. Commissioners were appointed to meet in London to carry these propositions into effect; but there immediately appeared a violent opposition to these regulations, which were contained in the eighth and ninth articles of the Treaty of Commerce. It was declared that these articles violated the Treaty of Methuen, according to which the duties on Portuguese wines were always to be lower by one-third than the duties on the French wines.During the whole of these scenes the attitude of Government was not merely indifferent, but absolutely repulsive. At no time had so cold and narrow-spirited a Ministry existed. The names of Castlereagh, Liverpool, Sidmouth, and Lord Eldon as Lord Chancellor, recall the memory of a callous Cabinet. They were still dreaming of additional taxation when, on the 17th of March, they were thunderstruck by seeing the property-tax repealed by a majority of forty. The Prince Regent had become utterly odious by his reckless extravagance and sensual life. The abolition of the property-tax was immediately followed by other resistance. On the 20th of March a motion of disapprobation of the advance of the salary of the Secretary to the Admiralty, at such a time, from three to four thousand pounds a-year was made, but lost. On this occasion Henry Brougham pronounced a most terrible philippic against the Prince Regent, describing him as devoted, in the secret recesses of his palace, to the most vicious pleasures, and callous to the distresses and sufferings of others! Mr. Wellesley Pole described it as "language such as he had never heard in that House before." Lorem ipsum dolor sit amet.

THREE: Lorem ipsum dolor sit amet.