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The South Sea Company, with a folly of which extreme greed only is capable, endeavoured to put down these rival schemes and obtained an order from the Lords Justices and writs of scire facias against several of these new bubbles. It was like raising a wind to blow away the bubbles, forgetting that their own was a bubble too, and would go with them. The moment that the people began to distrust one they distrusted all. The panic became as great as the mania had been. The South Sea stock dropped in less than a month from one thousand to below six hundred. There was a simultaneous rush to sell out, and the shares must have sunk instantly to nil but for the gigantic exertions of the Company to raise money and buy in. The relief, however, was but temporary. The bankers and pawnbrokers who had advanced money on scrip broke and fled; merchants, goldsmiths, and speculators rushed away after them. Walpole was summoned in haste from Haughton to devise some means of staying the panic. He endeavoured to get the Bank of England to circulate three millions of South Sea bonds for a year; but the Bank, seeing that the case was desperate, declined it. This was decisive. The rage and despair of the swarming dupes were indescribable. They heaped[48] execrations not only on the South Sea Company, but on Ministers, the king, his mistresses, and the Royal Family, who had all been deep in the affair, and who had taken good care of themselves. George landed at Margate on the 9th of November, soon after which the South Sea stock fell to one hundred and thirty-five. On the 8th of December Parliament met, and promptly began to investigate the scandal.
ONE:Hitherto the United Irishmen had obtained little support from the Catholics, who were entirely out of sympathy with the Protestantism of one section of the party, and the irreligion of Wolfe Tone and his immediate associates. They preferred to look to the British Government, and especially to Pitt who was known to be favourable to the Catholic claims. But the Protestants in the Irish Parliament were too strong for him, and only a few remedial measures were passed and those inconsiderable in extent. In 1792 Sir Hercules Langrishe, with the consent of the Government, succeeded in carrying a Bill which admitted Catholics to the profession of the law, removed restrictions on their education, and repealed the Intermarriage Act. In 1793 the Irish Secretary, Major Hobart, succeeded, after much Government pressure, in carrying a second Catholic Relief Bill, admitting Catholics to the grand juries, magistracy, and finally to the franchise, though not to Parliament. Further than that Pitt could not be induced to go. He would neither consent to the admission of Catholics to Parliament, nor would he consent to a measure of Parliamentary reform, though the state of the representation was about as rotten as could possibly be conceived. From an inquiry instituted some years earlier it appeared that out of a House of 300 members 124 were nominated by 53 peers, while 91 others were chosen by 52 commoners. The British ascendency was, in fact, maintained by a system of organised corruption and place-holding, which failed only when religious bigotry carried the day.THE CHARGE OF THE CAVALRY AT MEEANEE. (See p. 592.) TWO:

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TWO:LOUIS PHILIPPE HEARS OF THE REVOLUTION. (See p. 551.)In the meantime the Irish State trial, and the affairs of Ireland generally, were the subject of frequent discussions in both Houses of Parliament. On the 13th of February the Marquis of Normanby moved a resolution condemnatory of the policy of the Government, contrasting it with his own Administration, with the treatment of Canada, and with the liberal policy by which, he said, Austria had conquered disaffection in Lombardy. He was answered by Lord Roden and others, and on a division his motion was rejected by a majority of 175 to 78. On the same day the state of Ireland was introduced by Lord John Russell, in a speech which occupied three hours. The debate that followed lasted for nine days. The principal speakers who took part in it were Mr. Wyse, Sir James Graham, Mr. Young, Sir George Grey, Lord Eliot, Mr. Shaw, the Recorder of Dublin, Lord Howick, Lord Stanley, Mr. Macaulay, Sir William Follett, Sir Thomas Wilde, Sir F. Pollock, the English Attorney-General, Mr. Roebuck, Mr. O'Connell, Mr. Sheil, and Sir Robert Peel. The discussion turned mainly upon the question whether or not O'Connell had had a fair trial, and upon this the lawyers and the House pronounced opinions in harmony with the interests of their respective parties. But nearly every topic that could be mentioned was brought up in the course of the monster debate. Sir Robert Peel concluded a long and able speech in defence of his Government with the following beautiful peroration:"I have a firm conviction that if there were calm and tranquillity in Ireland, there is no part of the British empire that would make such rapid progress in improvement. There are facilities for improvement and opportunities for it which will make the advance of Ireland more rapid than the advance of any other country. I will conclude, then, by expressing my sincere and earnest hope that this agitation, and all the evil consequences of it, may be permitted to subside; and hereafter, in whatever capacity I may be, I should consider that the happiest day of my life when I could see the beloved Sovereign of these realms fulfilling the fondest wishes of her heart, possessing a feeling of affection towards all her people, but mingling that[535] affection with sympathy and tenderness towards Ireland. I should hail the dawning of that auspicious day, when she could alight like some benignant spirit on the shores of Ireland, and lay the foundations of a temple of peace; when she could, in accents which proceeded from the heartspoken to the heart rather than to the earcall upon her Irish subjects of all classes and of all denominations, Protestants and Roman Catholics, Saxon and Celt, to forget the difference of creed and of race, and to hallow that temple of peace which she should then found, with sacrifices still holier than those by which the temples of old were hallowedby the sacrifice of those evil passions that dishonour our common faith, and prevent the union of heart and hand in defence of our common country."

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THREE:George Grenville succeeded to both Bute and Dashwood, becoming first Lord of the Treasury and Chancellor of the Exchequer, and the king announced that he had intrusted the direction of affairs to him, and the Lords Egremont and Halifax, the Secretaries of State, whence they soon acquired the name of "The Triumvirate." The Duke of Bedford quitted his post as ambassador at Paris, and was succeeded by the Earl of Hertford. The Earl of Sandwich became head of the Admiralty, and the Earl of Shelburne head of the Board of Trade. Old Marshal Ligonier was removed from the post of Master of the Ordnance to make way for the Marquis of Granby, but received a peerage. These changes being completed, the king closed the Session of Parliament on the 19th of April, with a speech, in which he declared the peace honourable to his Crown, and beneficial to his people.

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THREE:[See larger version]But the condition of Canada was very tempting to the cupidity of Madison and his colleagues. We had very few troops there, and the defences had been neglected in the tremendous struggle going on in Europe. At this moment it appeared especially opportune for invading the Canadas from the States, as Britain was engaged not only in the arduous struggle in Spain, but its attention was occupied in watching and promoting the measures that were being prepared in Russia, in Sweden, and throughout Germany, against the general oppressor. At such a moment the Americansprofessed zealots for liberty and independencethought it a worthy object to filch the colonies of the country which, above all others, was maintaining the contest against the universal despot. They thought the French Canadians would rise and join the allies of France against Great Britain. The American Government had accordingly, so early as in 1811, and nearly a year previous to the declaration of war, mustered ten thousand men at Boston, ready for this expedition; and long before the note of war was sounded they had called out fifty thousand volunteers. Still, up to the very moment of declaring war, Madison had continually assured our envoy that there was nothing that he so much wished as the continuance of amicable connections between the two countries. FORE:But Wellington was not intending to stop here. He immediately made preparations for the siege of Badajoz. He had artillery sent out to sea from Lisbon, as for some distant expedition, and then secretly carried, in small boats, up the Setubal, to Alcacer do Sal, and thence, by land, across Alemtejo to the Guadiana. On the 16th of March, after a rapid march, he reached, with a strong body of troops, the Guadiana, crossed, and at once invested Badajoz. By the 26th he had carried the Picurina and the advanced work separated from the city by the little river Rivillas, and made two breaches in the city walls. There was the same want of besieging tools and battering trains which had retarded his operations before; but the men worked well, and on the 6th of April, there being three breaches open, orders were given to storm, for Soult was collecting his forces at Seville to raise the siege. One of the breaches had been so strongly barricaded by General Philippon, the governor of Badajoz, by strong planks bristling with iron spikes, and with chevaux-de-frise of bayonets and broken swords, that no effect could be produced on the obstruction; whilst the French, from the ramparts and the houses overlooking them, poured down the most destructive volleys. But the parties at the other two breaches were more successful, and on their drawing away the French from this quarter, the spike-beams and chevaux-de-frise were knocked down, and the British were soon masters of the place. Philippon endeavoured to escape with a number of men, but he was obliged to throw himself into Fort San Christoval, on the other side the Guadiana, where he was compelled to surrender. The loss of the allies was nearly one thousand men killed, including seventy-two officers, and three hundred and six officers and three thousand four hundred and eighty men wounded. The French, though they fought under cover of batteries and houses, lost nearly one thousand five hundred men; they also delivered up upwards of five thousand prisoners of their own nation, and nearly four thousand Spaniards, British, and Portuguese, who had been kept at Badajoz as a safe fortress. The British soldiers fought with their usual undaunted bravery, but they disgraced themselves by getting drunk in the wine cellars during the night of the storming, and committed many excesses. Wellington, who was extremely rigorous in suppressing all such conduct, reduced them to discipline as quickly as possible, and on the 8th Badajoz was completely in his hands. Soult, who was at Villafranca when he received the news, immediately retreated again on Seville, briskly pursued by the British cavalry, who did much execution on his rear-guard at Villagarcia.
THREE:But unfortunately for the Pretender, at the moment that the Swedish hero should prepare his armament for the earliest spring, the conspiracy exploded. Whilst the leaders of it had been flattering themselves that it was conducted with the profoundest secrecy, the English Ministry were in possession of its clue. As early as October they had found reason to induce them to intercept the correspondence of Gyllenborg, and had come at once on the letters of Gortz. The matter was kept close, and as nothing was apprehended in winter, Ministers used the time to improve their knowledge of the scheme from the inspected letters passing between Gortz and Gyllenborg. On the king's return it was resolved to act, and accordingly Stanhope laid the information regarding this formidable conspiracy before the Council, and proposed that the Swedish Minister, who had clearly, by conspiring against the Government to which he was accredited, violated the law of nations, and deprived himself of its protection, should be arrested. The Cabinet at once assented to the proposal, and General Wade, a man of firm and resolute military habits, was ordered to make the arrest of the Ambassador. The general found[37] Count Gyllenborg busy making up his despatches, which, after announcing laconically his errand, Wade took possession of, and then demanded the contents of his escritoire. The Dutch Government acted in the same manner to Gortz, and the evidence thus obtained was most conclusive. FORE:After the reports that had gone abroad, to the effect that the Government were about to settle the question, and that they had even prepared a Bill on the subject, this letter from the Prime Minister to the Roman Catholic Primate was most disappointing. Besides, it was absurd to expect that the subject could be buried in oblivion. The Duke, no doubt, had in his mind the difficulty with the king, and the excitement of Protestant feeling in England, which was exasperated by the violence of the debates in the Catholic Association, and the tone of menace and defiance which that body had assumed. This obstacle was not lessened by the letter in question, the purport of which was communicated to Mr. O'Connell, and also to the Lord-Lieutenant. The latter wrote an admirable letter in reply, which led to serious consequences. On the 22nd of December Dr. Curtis sent him the Duke's letter, and a copy of his own answer to it. He acknowledged that it conveyed information which he had not himself received, though entitled, from his position, to receive it first. He then frankly offered his opinion as to the course which it behoved the Catholics to pursue. He was perfectly convinced that the final and cordial settlement of the question could alone give peace, harmony, and prosperity to all classes of his Majesty's subjects. He advised that the Duke of Wellington should by every means be propitiated; for if any man could carry the measure, it was he. All personal and offensive insinuations should therefore be suppressed, and ample allowance should be made for the difficulties of his situation. "Difficult," said Lord Anglesey, "it certainly is; for he has to overcome the very strong prejudices and the interested motives of many persons of the highest influence, as well as allay the real alarm of many of the more ignorant Protestants." As to burying in oblivion the question for a short time, the Viceroy considered the thing utterly impossible, and, if possible, not at all desirable. He recommended, on the contrary, that all constitutional means should be used to forward the cause, coupled with the utmost forbearance, and the most submissive obedience to the law. Personality offered no advantage. It offended those who could assist, and confirmed predisposed aversion. "Let the Catholic," said his lordship, "trust to the justice of his cause, and to the growing liberality of mankind. Unfortunately, he has lost some friends, and fortified enemies, during the last six months, by unwearied and unnecessary violence. Brute force, he should be assured, can effect nothing. It is the legislature that must decide this great question, and my anxiety is that it should be met by the Parliament under the most favourable circumstances, and that the opposers of Catholic Emancipation shall be disarmed by the patient forbearance as well as by the unwearied perseverance of its advocates."
THREE: FORE:The year 1756 opened with menaces to England of the most serious nature. The imbecility of the Ministry was beginning to tell in the neglect of its colonies and its defences. France threatened to invade us, and a navy of fifty thousand men was suddenly voted, and an army of thirty-four thousand two hundred and sixty-three of native troops; but as these were not ready, it was agreed to bring over eight thousand Hessians and Hanoverians. To pay for all this it was necessary to grant excessive supplies, and lay on new duties and taxes. In presenting the money bills in the month of May, Speaker Onslow could not avoid remarking that there were two circumstances which tended to create alarmforeign subsidies and foreign troops introduced, and nothing but their confidence in his Majesty could allay their fears, or give them confidence that their burdens would be soon reduced. There was, in fact, no chance for any such reduction, for wars, troubles, and disgraces were gathering around from various quarters. The first reverse came from the Mediterranean.On the other hand, Barclay de Tolly, anxious to unite with Bagration and reach Smolensk, abandoned the strong encampment at Drissa, leaving Wittgenstein near there to watch the enemy and cover the road to St. Petersburg. The French pursued him with great rapidity, which, though it endangered his immediate union with Bagration at Vitebsk, yet served the Russian policy of drawing the enemy into the interior. Murat continually rushed forward with his cavalry to attack the rear-guard of De Tolly; but the Russian infantry maintained steady order, and continually withdrew before him. Every evening he was close upon them; every morning he found himself again distanced. The Russians appeared in full vigour, and well supplied with everything; the French were sinking with famine and fatigue. At Polotsk the Emperor Alexander left De Tolly, and hastened on to Moscow to prepare the inhabitants for that grand catastrophe which he already foresaw, and had resolved upon.
THREE:FROM THE PAINTING BY VEREKER M HAMILTON, R.E.Macklin was the author of "The Man of the World," a most successful comedy, as well as others of much merit. He remained on the stage till he was a hundred years old, and lived to a hundred and seven. George Colman had distinguished himself by the translation of Terence's plays and Horace's "Art of Poetry" before he commenced as a dramatist. His vein was comic, and his comedies and farces amount to nearly thirty, the best being "The Clandestine Marriage," already mentioned, "Polly Honeycomb," and "The Jealous Wife." Arthur Murphy was a native of Cork, and was brought up a merchant, but his bent was to the drama, and he quitted his business and went to London, where he wrote two successful farces, "The Apprentice" and "The Upholsterer." He next wrote "The Orphan of China," a tragedy. He then studied for the bar, but had not much practice, and returned to writing for the stage. "The Grecian Daughter," "All in the Wrong," "The Way to keep Him," and "The Citizen," were very successful, and raised him to wealth and distinction. Not satisfied with being a popular writer, he desired to act as well as write, like Garrick and Macklin, but failed. Besides his dramatic productions, he translated Tacitus and Sallust, and wrote the life of Garrick. Richard Cumberland, also an Irishman, was a very voluminous as well as miscellaneous writer. His comedy of "The West Indian" made him at once popular, and he wrote a great number of productions for the stage, amongst the best of which were "The Fashionable Lover," "The Jew," "The Wheel of Fortune," etc. He was employed by Government as an envoy to Lisbon and Madrid, and by it refused the payment of his expenses. This reduced him to sell his hereditary property, but he retired to Tunbridge Wells, and continued to write plays, novels, essays, criticisms, etc., till nearly eighty years of age. FORE:Where shall she lay her head?It was at this era of religious apathy that John Wesley (b. 1703; d. 1791), and Charles, his brother (b. 1708; d. 1788), and George Whitefield (b. 1714), came forward to preach a revival, and laid the foundation of Methodism. These young men, students at Oxford, all of them originally of clerical families but Whitefieldwho was the son of an innkeeperwith Hervey, afterwards the author of the well-known "Meditations amongst the Tombs," and some others of their fellow-collegians, struck by the dearth of religious life of the time, met in their rooms for prayer and spiritual improvement. They were soon assailed with the nicknames of "Sacramentarians," "Bible Moths," and finally, "Methodists," a term current against the Puritans in those days, and suggested by the appellative Methodist?, given to a college of physicians in ancient Rome, in consequence of the strict regimen which they prescribed to their patients.
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THREE: FORE:On the 17th of March, a few nights after Mr. Cobden's motion, Mr. Miles brought forward a motion for relief to the agricultural interest in the reduction or remission of taxation. He complained that there had been an importation of wheat during the last thirty-two months seven or eight times greater in amount than in the thirty-six months immediately subsequent to the introduction of the Corn Law of 1828. The abundance of meat in Leadenhall, Smithfield, and Newgate Markets, through the importation of foreign cattle, was also made a subject of reproach against the Ministry, and he told the House, as the spokesman of the agricultural party, "that they had no confidence in the measures which the Government proposed." They thought that anything would be better than their present position. They saw that the tariff which was passed three years ago was now going to be revised again, and that the shield of protection which was thrown over some of the productions of their industry was about to be removed still farther from them. In such circumstances they could not refrain from asking themselves what there was to prevent the Corn Laws from going next? Mr. Disraeli then, in a strain of sarcasm which is stated to have elicited cheers and laughter from the House, assailed the consistency of the Premier, and the tone in which he rebuked the mutinous and rebellious members of his party. He believed, he said, Protection to be in the same condition now as Protestantism had been in 1828, and he, who honoured genius, would rather see the abolition of all Protection proposed by Mr. Cobden than by any right honourable gentleman or by any noble lord on either side of the House. It might be necessary, before such an abolition was accomplished, for the Premier to dissolve the Parliament for the benefit of the party which he had betrayed, and to appeal to the country, which universally mistrusted him. His solemn and deliberate conviction was that a Conservative Government was an organised hypocrisy.
THREE:WILLIAM COBBETT.The two rival Ministers of England became every day more embittered against each other; and Bolingbroke grew more daring in his advances towards the Pretender, and towards measures only befitting a Stuart's reign. In order to please the High Church, whilst he was taking the surest measures to ruin it by introducing a popish prince, he consulted with Atterbury, and they agreed to bring in a Bill which should prevent Dissenters from educating their own children. This measure was sure to please the Hanoverian Tories, who were as averse from the Dissenters as the Whigs. Thus it would conciliate them and obtain their support at the[19] very moment that the chief authors of it were planning the ruin of their party. This Bill was called the Schism Bill, and enjoined that no person in Great Britain should keep any school, or act as tutor, who had not first subscribed the declaration to conform to the Church of England, and obtained a licence of the diocesan. Upon failure of so doing, the party might be committed to prison without bail; and no such licence was to be granted before the party produced a certificate of his having received the Sacrament according to the communion of the English Church within the last year, and of his having also subscribed the oaths of Allegiance and Supremacy.

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FORE:Mr. Roebuck, the next day, moved a counter-resolution in the following terms:"That the principles which have hitherto regulated the foreign policy of her Majesty's Government are such as were required to preserve untarnished the honour and dignity of this country, and, in times of unexampled difficulty, the best calculated to maintain peace between England and the various nations of the world." He supported this position in an able and lengthened speech. The chief ground of dispute was the demand of Palmerston for compensation to a person named Don Pacifico, a Jew, and by birth a British subject, who resided at Athens, and whose house had been attacked on a Sunday, his property destroyed, and his family beaten by a mob headed by young noblemen. The Greek Government refused him reparation, and he sought protection from England. There was also the case of Mr. Finlay, whose land was seized in order that it might be converted into a garden for the King of Greece, the owner being refused payment; Lord Aberdeen, when Foreign Secretary, having applied in vain for redress. There was also the case of H.M.S. Fant?me, whose boat's crew had been arrested by Greek soldiers; also other outrages equally serious. Lord Palmerston defended his policy with his wonted spirit and ability, and with triumphant success in a speech which, said Mr. Gladstone, lasted "from the dusk of one day to the dawn of another." Mr. Gladstone arraigned the conduct of the first Minister in sitting down contentedly under the censure of the House of Lords, by sheltering himself under precedents which were in fact no precedents at all. He charged Lord Palmerston with violating international law, by making reprisals upon Greek property to the extent of 80,000 to satisfy the exorbitant demands of Don Pacifico; the fruit of this policy being humiliation, in regard to France, and a lesson received without reply from the autocrat of all the Russia's. Mr. Cobden also assailed the policy of Lord Palmerston, and asked if there was no other way of settling such trifling matters than by sending fifteen ships of war into Greek waters, which had seized several gunboats, and more than forty merchantmen. Lord John Russell defended the policy of the Government, and concluded by declaring that by the verdict of that House and the people of England he was prepared to abide, fully convinced that the Government had preserved at the same time the honour of the country and the blessings of peace. Mr. Disraeli, on the other hand, maintained that the House of Lords had exercised a solemn duty in pronouncing a censure upon the policy which had led to such terrible results. This debate will[607] be rendered for ever memorable in our annals by the speech of Sir Robert Peel. It was one of the best speeches he ever delivered in that House, and it was his last. He argued strongly against intermeddling with the affairs of foreign nations in order to procure for them free institutions, and concluded with the expression of his belief that the cause of constitutional liberty would only be encumbered by our help; whilst by intruding it we should involve Great Britain in incalculable difficulties. When the hour for the division came the House was very fullAyes310; Noes, 264; giving the Government a majority of 46.The National Assembly commenced its sittings on the 4th of May in a temporary wooden structure erected for the purpose. One of its first acts was to pass a resolutionthat the Provisional Government had deserved well of the country. But the revolutionary passions out of doors were far from being appeased. Secret societies and clubs were actively at work, and on the 11th of May a placard appeared, citing a proclamation of the Provisional Government dated the 25th of February, in which it unwisely undertook "to guarantee labour for all the citizens," and proceeding thus:"The promises made on the barricades not having been fulfilled, and the National Assembly having refused, in its sitting on the 10th of May, to constitute a Ministry of Labour, the delegates of the Luxembourg decline to assist at the fte called 'de la Concorde.'" On the 15th of May the Chamber was invaded by a body of men, carrying banners in their hands, and shouting for Poland. The President put on his hat, and the Assembly broke up. After a short time he returned. The National Guard appeared in force, and quickly cleared the hall. After these measures were taken to suppress the counter-revolution, the Assembly resumed its labours. A proclamation was issued, stating that the National Guard, the Garde Mobile, all the forces in Paris and the neighbourhood, had driven before them the insane conspirators, who concealed their plots against liberty under the pretence of zeal for Poland.

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FORE:During the spring of 1794 the British, under Lieutenant-General Sir Charles Grey, took the French island of Martinique, in which attempt the Duke of Kent, father of Queen Victoria, distinguished himself. They also took St. Lucia, Guadeloupe, and its dependencies, Marie-Galante, Deseada, and the Saintes. But they were not so successful in assisting the French Royalists in St. Domingo to expel the Republicans. They beat the French in three successive battles, but[431] our troops were then attacked by the yellow fever. General Whyte made himself master of the French capital, Port-au-Prince; but General Dundas, who was appointed governor, was carried off by the fever, as also were numbers of the troops. The French general also fell a victim to the fever; but at this juncture arrived the Jacobin Commissioner, Victor Hugues, with a reinforcement of from fifteen hundred to two thousand men. He immediately assumed the command, proclaimed freedom to all the blacks, and the plunder of the Royalists. The Royalists, terrified, submitted, or only feebly supported their British allies, who were thereupon compelled to yield them to their fate. Hughes, one of the bloodiest of the French revolutionists, set the guillotine to work in the hands of the negroes. The Royalists were beheaded or fusilladed in troops, their houses burnt, and their estates ravaged. Before the end of the year this monster had reduced the island to a dreadful desert. In his ferocious fury, he had caused the very sick and wounded in the hospitals to be massacred, and the dead to be thrown out of their graves. Amongst these were the remains of General Dundas, and the other dead British officers, which were flung into the river. Hugues also recovered Guadeloupe, and perpetrated the same cruelties and abominations there.

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Thus was destroyed in Egypt all the prestige of the battles of Alexandria and Aboukir Bay. The consequence of these two badly-planned and worse-executed expeditions was the declaration of war against Britain by the Porte, the seizure of all British property in the Turkish dominions, and the formation of a close alliance between Turkey and France. But the triumph over the British had not relieved the Turks of the Russians. Admiral Siniavin still blockaded the Dardanelles, and another Russian squadron, issuing from the Black Sea, blockaded the mouth of the Bosphorus. The Turks came boldly out of the Dardanelles and attacked Siniavin on the 22nd of May and on the 22nd of June; but on both occasions they lost several ships, and were expecting heavier inflictions from the Russians, when they were suddenly relieved of their presence by the news of the Treaty of Tilsit, which had been contracted between Alexander of Russia and Buonaparte. Alexander, by this, ceased to be the ally, and became the enemy of Britain. It was necessary, therefore, for Siniavin to make all speed for the Baltic before war could be declared between the two nations, after which his return would be hopeless. The Russian admiral, however, before quitting the Mediterranean, had the pleasure of taking possession of Corfu, which Buonaparte had made over to Alexander.[45]The Sovereigns of the Holy Alliance, however, acted on principles and with designs very different. Their general principle was not to tolerate any change in the European Governments that did not emanate from themselves. The Greek Revolution they denounced as a rebellion against the legitimate authority of the Sultan. The actual Government of Spain they regarded as incompatible with the safety of monarchical power, and France called upon the Sovereigns to re-establish the despotism of Ferdinand. Russia, Austria, and Prussia took the same view of the Spanish Revolution, but were unwilling to interfere by force of arms. France was not so scrupulous upon that point. Chateaubriand and other votaries of absolutism in Church and State were busy fomenting conspiracies in Spain, and secretly supplying arms and ammunition to the priest-ridden enemies of constitutional government in that country. An army which during the previous year had been assembled on the frontier, under the ridiculous pretence of preventing the fever at Barcelona from spreading into France, changed its name from that of a sanitary cordon to an army of observation. M. de Villele, the new French Prime Minister, threw off the mask, and in a circular note stated that unless Spain altered her political constitution, France would use force to convert her from her revolutionary theories.I forged the letterI disposed the pictureOn the 21st of March a Committee which had been appointed early in the Session to inquire into the public income and expenditure, and to suggest what might in future be calculated on as the clear revenue, presented its report through Mr. Grenville, their chairman. On the 29th, Pitt, in a Committee of the whole House, entered upon the subject, and detailed the particulars of a plan to diminish progressively and steadily the further debt. It appeared from the report of the select Committee that there was, at present, a clear surplus revenue of nine hundred thousand pounds sterling, and that this surplus could, without any great additional burthen to the public, be made a million per annum. This he declared to be an unexpected state of financial vigour after so long and unfortunate a war. The plan which he proposed was to pay two hundred and fifty thousand pounds quarterly into the hands of Commissioners appointed for the purpose to purchase stock to that amount, which was under par, or to pay stock above par, and thus cancel so much debt. In addition to this, the annuities for lives, or for limited terms, would gradually cancel another portion. All dividends arising from such purchases were to be similarly applied. Pitt calculated that by this process, and by the compound interest on the savings to the revenue by it, in twenty-eight years no less than four millions sterling per annum of surplus revenue would be similarly applied, or employed for the exigencies of the State. By this halcyon process he contemplated the eventual extinction of that enormous debt, to pay the mere interest of which every nerve had been stretched, and every resource nearly exhausted. In a delightful state of self-gratulation, Pitt declared that he was happy to say that all this was readily accomplishable; that we had nothing to fear, except one thingthe possibility of any Minister in need violating this fund. Had the original Sinking Fund, he said, been kept sacred, we should have had now very little debt. To prevent the recurrence of this fatal facility of Ministers laying their hands on this Fund, he proposed to place it in the hands of Commissioners, and he declared that "no Minister could ever have the confidence to come down to that House and desire the repeal of so beneficial a law, which tended so directly to relieve the people from their burthens." He added that he felt that he had by this measure "raised a firm column, upon which he was proud to flatter himself that his name might be inscribed." He said not a word about the name of Dr. Price being inscribed there, to whom the whole merit of the scheme belonged; he never once mentioned his name at all. On his own part, Dr. Price complained not of this, but that he had submitted three schemes to Pitt, and that he had chosen the worst.

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