THREE:The Company was then compelled to reduce its dividends to six per cent. and apply to Parliament for a loan of a million and a half to meet its pecuniary difficulties. This, Ministers and Parliament complied with, and proceeding to relieve the Company of its embarrassments, Lord North[208] proposed and carried a measure, by which the Company, which had no less than seventeen million pounds of tea in its warehouses, should, without limit of time, be authorised to export its teas to the British colonies of America duty free. This was thought a great and conciliatory boon to the Americans, but it proved otherwise. The import duty of threepence in the pound was still stubbornly retained, and the Americans, looking at the principle of taxation, and not at a mere temptation of a cheapened article, saw through the snare, and indignantly rejected it. The principal tea merchants declared that this would be the case, and that the whole Government scheme was wild and visionary.The revolutionary party in New York determined to carry them, and the revolutionary party in Pennsylvania the same, right or wrong. In Pennsylvania delegates insisted that those of their colleagues who were averse from the Declaration should absent themselves, and those favourable to it should attend and vote. From Delaware, one single delegate, C?sar Rodney, voted and decided the question in that province. The New York Assembly only nominally reconstructed its Provincial Congress. Instead of calling the electors together, as recommended by the report of the 28th of May, some of the freeholders and voters declared such of the old members as were willing to vote for the Declaration re-elected; and this irregular and clearly unconstitutional body attended and voted for the Declaration. Finally the moderate party, headed by John Dickinson, withdrew, and the Declaration was carried by one vote.

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THREE:The Parliament of England met on the 13th of October. Pitt, not without cause, assumed much merit from the successes of the year; and, in truth, so far as military matters went, rarely had this country reaped such fame. We had triumphed in every quarter of the world. In January came the news of the capture of Goree; in June, of Guadeloupe; in August, that of the victory of Minden; in September, of the victory off Lagos; in October, of the conquest of Quebec; in November, of Hawke's victory off Quiberon. Horace Walpole said, "victories came so thick, that every morning we were obliged to ask what victory there was, for fear of missing one." At the same time, the condition of our trade warranted the inscription afterwards placed on Chatham's monument in the Guildhall, that he caused commerce to flourish with war.

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THREE:Having, for the third time, expelled the French from Portugal, with the exception of the single fortress of Almeida, Wellington proceeded to reconnoitre the situation of affairs in Spain. Whilst on his march after Massena he had sent word to General Menacho to maintain possession of Badajoz, promising him early assistance. Unfortunately, Menacho was killed, and was succeeded in his command by General Imaz, who appears to have been a regular traitor. Wellington, on the 9th of March, had managed to convey to him the intelligence that Massena was in full retreat, and that he should himself very soon be able to send or bring him ample assistance. Imaz had a force of nine thousand Spaniards, and the place was strong. He was besieged by about the same number of French infantry and two thousand cavalry, yet the very next day he informed Soult of Wellington's news, and offered to capitulate. Soult must have been astonished at this proceeding, if he had not himself prepaid it in French money��the surrender of Badajoz, under the imminent approach of Wellington, being of the very highest importance. On the 11th the Spaniards were allowed to march out with what were called the "honours of war," but which, in this case, were the infamies of treachery, and Soult marched in. He then gave up the command of the garrison to Mortier, and himself marched towards Seville.

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THREE:Louis Philippe, King of the French, had been the subject of constant eulogy for the consummate ability and exquisite tact with which he had governed France for seventeen years. It was supposed that the "Citizen King" had at length taught his restless and impulsive subjects the blessings of constitutional government, and that they were perfectly contented with the free institutions under which it was now their happiness to live. Guizot, regarded as one of the greatest statesmen on the Continent, was at the head of affairs in 1847, and it was hoped that his profound wisdom and keen sagacity would enable him to guard the state against any dangers with which it might be threatened by the Legitimists on one side or the Democrats on the other. But the whole aspect of public affairs in France was deceptive, and the unconscious monarch occupied a throne which rested on a volcano. The representative government of which he boasted was nothing but a sham��a gross fraud upon the nation. The basis of the electoral constituency was extremely narrow, and majorities were secured in the Chambers by the gross abuse of enormous government patronage. The people, however, saw through the delusion, and were indignant at the artifices by which they were deceived. The king, who interfered with his Ministers in everything, and really directed the Government, was proud of his skill in "managing" his Ministry, his Parliament, and the nation. But the conviction gained ground everywhere, and with it arose a feeling of deep resentment, that he had broken faith with the nation, that he had utterly failed to fulfil his pledges to the people, who had erected the barricades, and placed him upon the throne in 1830. The friends of the monarchy were convinced that it could only be saved by speedy and effectual reform. But the very name of Reform was hateful to the king, and his aide-de-camp took care to make known to the members of the Chambers his opinions and feelings upon the subject. M. Odillon Barrot, however, originated a series of Reform banquets, which commenced in Paris, and were held in the principal provincial cities, at which the most eminent men in the country delivered strong speeches against political corruption and corrupters, and especially against the Minister who was regarded as their chief defender��Guizot.

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THREE:[See larger version]We come now to the rebellion of 1715. The succession of the House of Hanover had raised the Pretender and his Jacobite faction in England to a pitch of excitement which made them ready to rush upon the most desperate measures. In England the destruction of the Tory Ministry, the welcome given to the new Protestant king, and the vigour with which the Whigs and all the supporters of the principles of the Revolution had shown the majority which they were able to return to the new Parliament, were all indications that the spirit of the nation was more firmly than ever rooted in Protestantism and the love of constitutional liberty, and that any endeavours to overturn the new dynasty must be supported by an overwhelming power from without. Without such force the event was certain failure; yet, under existing auspices, it was determined to try the venture. Bolingbroke, on his arrival in France, saw that all was rashness, impatience, and want of preparation in the party on both sides of the Channel. The Highlanders were all eagerness for the Chevalier's arrival, lest he should land in England, and the English should snatch the glory of the restoration from them. From England came the letters of Ormonde, who was down in the West, and sent most glowing representations of the spirit of the people there; that out of every ten persons nine were against King George, and that he had distributed money amongst the disbanded officers, to engage them in the cause of King James. But all these fine words terminated with the damping intelligence that nobody would stir until they saw the Chevalier with a good army at his back. Such an army there was not the smallest hope of obtaining from France. All that Louis would or could do, without engaging in a new war with England, was to prevail on his grandson, Philip of Spain, to[28] advance four hundred thousand crowns for the expedition, and besides this, the Pretender had been able privately to borrow another hundred thousand, and purchase ten thousand stand of arms. At this juncture came two fatal events��the flight of Ormonde and the death of Louis XIV. on September 1st.

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