The British Government had employed the best portion of the Session of Parliament between the commencement of November and Christmas, 1797, in receiving the report of the insults of the French Commissioners at Lille to our Ambassador, and his summary dismissal from the place of meeting without any chance of peace, and in voting money to carry on the war at our own doors. Pitt called for the grant of twenty-five million five hundred thousand pounds, and for trebling all the assessed taxes. All this was readily granted. In April, 1798, he called for three millions, and that was as freely conceded. In fact, by that time, the Irish were on the very verge of appearing in arms to cast off the yoke of England and accept the boasted fraternity of France. Lord Edward Fitzgerald, brother of the Duke of Leinster, one of the leading members of the Society of United Irishmen, had spent some time in France during the Revolution. He had married Pamela, the daughter of Madame de Genlis. To him, on his return to Ireland, French emissaries of revolution were secretly sent over, and he introduced them to the leading members of the projected revolt. In 1794 a Jacobinised Irishman, the Rev. William Jackson, came over from Paris, at the time of the fiercest raging of the Reign of Terror, to concert with Wolfe Tone and his fellow-conspirators the plans of insurrection. At the very time that some of theseBond, Simon Butler, and Hamilton Rowanwere[461] tried as accomplices of the Scottish reformers, Muir and the rest, and acquitted as men only seeking reform of Parliament, they were deep in this scheme of French invasion. Jackson was arrested in Dublin, was tried and convicted of high treason, but anticipated his sentence by suicide. The most public display of sympathy with his views and mission was made by a vast attendance of carriages at his funeral, and the features of rebellion became so undisguised that a stop was put to all questions of political concession and amelioration.
Sir Robert Wilson, the British Commissioner, urged Kutusoff, indeed, to make one general and determined attack on Buonaparte and this small body before the other divisions could come up; and there can be no doubt that, had he done so, he would have destroyed the division utterly, and made himself master of Napoleon's person. But though Kutusoff had fought the battle of Borodino, he had now grown over-cautious, and did not do that which it was the plan of Barclay de Tolly, whom he superseded, to do when the right moment came. Whilst Kutusoff was thus timidly cannonading, the division of Davoust came up, and he retired, allowing both Buonaparte and Davoust to secure themselves in Krasnoi. As for Ney, he was left behind wholly surrounded by the Russians who had harassed the rear of Davoust, and were thus interposed between Davoust and himself, as well as swarming on his own flanks and rear. Napoleon could not wait for him, even at Krasnoi. He learned that the Russians were drawing fast towards his crossing-places at the Dnieper and the Beresina; that Prince Galitzin with a strong force was about to occupy Krasnoi; that the Dnieper at Liady would be immediately in the hands of the enemy. He therefore called Mortier, and squeezing his hand sorrowfully told him that he had not a moment to lose; that the enemy were overwhelming him in all directions; that Kutusoff might have already reached Liady, perhaps Orcha, and the last winding of the Dnieper was yet before him. Then, with his heart full of Ney's misfortunes, he withdrew, in despair at being forced to abandon him, towards Liady. He marched on foot at the head of his Guard, and often talked of Ney. He called to mind his coup-d'?il, so accurate and true, his courage, proof against everythingin short, all the qualities which made him so brilliant on the field of battle. "He is lost! Well! I have three hundred millions in the Tuileries; I would give them all were he restored to me!"By E. M. WARD, R.A.
THREE:In England the Ministry was thrown into the utmost chaos and discord by the disastrous progress of the war on the Continent, and especially by the miserable result of the Walcheren expedition. One member of the Cabinet endeavoured to throw the blame on another, and the feud between Canning, the Minister for Foreign Affairs, and Lord Castlereagh, the Minister at War, grew deadly. Each accused the other of interfering and thwarting action, and so producing the lamentable consequences that ensued. A hot correspondence followed, in which Castlereagh charged Canning with privately insinuating to the other Ministers that Castlereagh should be dismissed, and Canning denied it. Between them, Lord Camden came into difficulty; for, though Canning had told Lord Camden, as Lord Castlereagh's relative, that one or other of them must resign, he declared that he did not mean this communication as secret, but as one that he expected Lord Camden would communicate to Lord Castlereagh. Castlereagh resigned, and then challenged Canning. Canning also resigned; and the duel was fought on the 22nd of September, on Putney[595] Heath, and Canning was wounded. The Duke of Portland, who was near his endhastened probably by these agitations and embarrassmentsalso resigned, and died a few days afterwards.
[See larger version]The distress which had pressed so severely on the people, and which had set them thinking about the most perilous political changes, was intimately connected with the state of the country. Throughout the troubled period of almost incessant war and lavish expenditure between 1797 and 1815, the business of the nation was carried on with an inconvertible paper currency, the precious metals having nearly all departed from the country. Bank notes were issued in such quantities, to meet the exigencies of the Government, that the prices of all commodities were nearly doubled. The Bill which was passed in 1819 providing for the resumption of cash payments had reduced the currency from 48,278,070, which was its amount in 1819, to 26,588,000, in 1822. The consequence was the reduction of prices in the meantime, at the rate of fifty per cent., in all the articles of production and commerce. With this tremendous fall of prices, the amount of liabilities remained unchanged; rents, taxes, and encumbrances were to be paid according to the letter of the contract, while the produce and commoditiesthe sale of which was relied upon to pay themdid not produce more than half the amount that they would have brought at the time of the contracts. The evil of this sudden change was aggravated by the South American Revolution, in consequence of which the annual supply of the precious metals was reduced to a third of its former amount. It was peculiarly unfortunate that this stoppage in the supply of gold and silver occurred at the very time that the Legislature had adopted the principle that paper currency should be regarded as strictly representing gold, and should be at any moment convertible into sovereigns. A paper currency should never be allowed[238] to exceed the available property which it represents, but it is not necessary that its equivalent in gold should be lying idle in the coffers of the Bank, ready to be paid out at any moment the public should be seized with a foolish panic. It is enough that the credit of the State should be pledged for the value of the notes, and that credit should not be strained beyond the resources at its command. The close of 1822 formed the turning-point in the industrial condition of the country. The extreme cheapness of provisions, after three years of comparative privation, enabled those engaged in manufacturing pursuits to purchase many commodities which they had hitherto not been able to afford. This caused a gradual revival of trade, which was greatly stimulated by the opening of new markets for our goods, especially in South America, to which our exports were nearly trebled in value between 1818 and 1823, when the independence of the South American Republics had been established. The confidence of the commercial world was reassured by the conviction that South America would prove an unfailing Dorado for the supply of the precious metals. The bankers, therefore, became more accommodating; the spirit of enterprise again took possession of the national mind, and there was a general expansion of industry by means of a freer use of capital, which gave employment and contentment to the people. This effect was materially promoted by the Small Note Bill which was passed in July, 1822, extending for ten years longer the period during which small notes were to be issued; its termination having been fixed by Peel's Bill for 1823. The average of bank-notes in circulation in 1822 was 17,862,890. In November of the following year it had increased by nearly two millions. The effect of this extension of the small note circulation upon prices was remarkable. Wheat rose from 38s. to 52s., and in 1824 it mounted up to 64s. In the meantime the bullion in the Bank of England increased so much that whereas in 1819 it had been only 3,595,360, in January, 1824, it amounted to 14,200,000. The effect of all these causes combined was the commencement of a reign of national prosperity, which burst upon the country like a brilliant morning sun, chasing away the chilling fogs of despondency, and dissipating the gloom in the popular mind.The Emperor Francis determined to remain at Aube, with the division under General Ducca, not[80] thinking it becoming him to join in the attack on the French capital where his daughter ruled as empress-regent; and a body of ten thousand cavalry, under command of Winzengerode and Czernicheff, was ordered to watch the motions of Napoleon and intercept his communications with Paris, whilst the Russian and Prussian light troops scoured the roads in advance, stopping all couriers. Blucher, at the same time, having thrown open the gates of Rheims, was moving on Chalons and Vitry, to form a junction with the army of Schwarzenberg. The flying parties captured, near Sommepuix, a convoy of artillery and ammunition; and, on another occasion, they fell in with a courier bearing a budget of the most melancholy intelligence to the Emperorthat the British had made a descent on Italy; that the Austrians had defeated Augereau, and were in possession of Lyons; that Bordeaux had declared for Louis XVIII.; and that Wellington was at Toulouse. These tidings gave immense confidence to the Allies. Near Fre-Champenoise the Allies met, finding Blucher in the act of stopping a body of infantry, five thousand in number, which was bearing provisions and ammunition to the army of Napoleon. The column consisted of young conscripts and National Guards, who had never been in action, but they bravely defended their charge till they were surrounded by the mingling forces of the two armies, and compelled to surrender.
