THREE:Before Walpole thus threw off the mask of moderationindeed, on the very day of his resignationhe introduced a well-matured scheme for the reduction of the National Debt, which was, in fact, the earliest germ of the National Sinking Fund. Though the ordinary rate of interest had been reduced, by the statute of the 12th of Queen Anne, to five per cent., the interest on the funded debt remained upwards of seven. The Long and Short Annuities were unredeemable, and could not be touched without the consent of the proprietors; but Walpole proposed to borrow six hundred thousand pounds at only four per cent., and to apply all savings to the discharge of the debts contracted before December, 1716. He proposed, also, to make some arrangement with the Bank and the South Sea Company, by which the Bank should lend two millions and a half, and the Company two millions, at five per cent., to pay off such holders of redeemable debts as should refuse to accept an equal reduction.
FORE:The Elltons' pretty child was like its mother, [Pg 288]gentler and more caressing. It lay placidly in her arms and patted her lips when she tried to talk, with the tips of its rosy fingers. She caught them between her teeth and mumbled them, and the child chuckled gleefully. But by and by it was taken away to bed, and then Felipa was alone with its father and mother. Through the tiresome evening she felt oppressed and angrily nervous. The Elltons had always affected her so.The American disasters had now to be criticised in Parliament. On the 20th of November the two Houses met, and Lord Chatham rose instantly to reply, and to move an amendment on the Address. He attacked the Ministry with a still more personal and sweeping censure than he had done once before. "Can Ministers," he asked, "presume to expect a continuance of support in their career of ruinous infatuation? Can Parliament be so dead to its dignity and its duty as to be deluded into the loss of the one and the violation of the other? Will they continue to give an unlimited credit and support to Government in measures which are reducing this flourishing empire to ruin and contempt? But yesterday, and England might have stood against the world; now, none so poor to do her reverence! I use the words of a poet; but, though it be poetry, it is no fiction. It is a shameful truth, that not only the power and strength of this country are wasting away and expiring, but her well-earned glories, her true honour and substantial dignity, are sacrificed. France, my lords, has insulted you; she has encouraged and sustained America; and, whether America be wrong or right, the dignity of this country ought to spurn at the officious insult of French interference!" It is certain that Chatham would not have tolerated the presence of Franklin and Deane in Paris for a single day; they must have quitted France, or France would have been instantly compelled to throw off the mask. At this time, when the news neither of Howe's success in the south nor of Burgoyne's fall in the north had arrived, Chatham seemed to see in prophetic vision the disasters of the latter general. "The desperate state of our army," he said, "is, in part, known. No man thinks more highly of our troops than I do. I love and honour the English troops. I know that they can achieve anything but impossibilities; and I know that the conquest of English America is an impossibility. You cannotI venture to say ityou cannot conquer America! You may swell every expense and every effort still more extravagantly; pile and accumulate every assistance that you can buy or borrow; traffic and barter with every little, pitiful German prince that sells and sends his subjects to the shambles of a foreign prince; your efforts are for ever vain and impotentdoubly so from this mercenary aid on which you rely; for it irritates to an incurable resentment the minds of your enemies, to overrun them with the mercenary sons of rapine and plunder, devoting them and their possessions to the rapacity of hireling cruelty! If I were an American, as I am an Englishman, while a foreign troop was landed in my country, I would never lay down my armsnevernevernever!" On the subject of employing Indians in the war against the Americans, willing to forget that he had done the same thing in Canada, he burst forth most indignantly: "But, my lords, who is the man that, in addition to these disgraces[247] and mischiefs of our army, has dared to authorise and associate to our arms the scalping-knife and tomahawk of the savage? to call into civilised alliance the wild and inhuman savage of the woods? to delegate to the merciless Indian the defence of disputed rights, and to wage the horrors of this barbarous war against our brethren? My lord, these enormities cry aloud for redress and punishment. Unless done away, it will be a stain on the national characterit is a violation of the Constitution; I believe it is against the law. It is not the least of our national misfortunes, that the strength and character of our army are thus impaired; infected with the mercenary spirit of robbery and rapinefamiliarised to the horrid scenes of savage cruelty, it can no longer boast of the noble and generous principles which dignify a soldier!" He then proceeded to give the Americans credit still for a natural leaning towards England; believed that they might be drawn from their alliance with France; and recommended, by his amendment, an immediate cessation of arms, and a treaty between the countries, by which he hoped that America would yet be retained in affectionate dependence.
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THREE:As a rumour of the approaching visit of Lord Howe had reached the Spanish camp, all was in haste to anticipate his arrival, and take the huge fortress before he could succour it. Accordingly the great united fleet of Spain and France, which so lately had paraded in the English Channel, sailed into Algeciras Bay, and on the 13th of September the floating batteries were hauled out by a number of the ships, and anchored at regular distances, within six hundred yards of the English works. Whilst this extraordinary armada was approaching and disposing itself, tremendous fire was kept up from the land, with three hundred long guns and mortars, to divert the attention of the garrison; but old General Elliot was ready with his red-hot balls, and, the moment the floating batteries came within gunshot distance, he poured into them a most destructive fire-hail. The Spaniards, notwithstanding, placed and secured their monster machines in a very short time, and then four hundred cannon from land and sea played on the old rock simultaneously and incessantly. For some time the hot balls appeared to do no damage. The timbers, being of green wood, closed up after the balls, and so prevented their immediate ignition. In other cases, where smoke appeared, the water-engines dashed in deluges, and extinguished the nascent fire. But presently the fire from the batteries slackened; it was discovered that the ballswhich had many of them pierced into the timbers three feet deepwere doing their work. The floating battery commanded by the Prince of Nassau, on board of which was also the engineer, D'Arcon, himself, was found smoking on the side facing the rock, at two o'clock in the day. No water could reach the seat of mischief, and by seven o'clock it had become so extensive as to cause the firing to cease, and to turn the thoughts of all to endeavours for escape. Rockets were thrown up as signals for the vessels to come up and take off the crews. But this was found impracticable. The garrison actually rained deluges of fire, and all approach to the monster machines was cut off. No vessel could draw near, except at the penalty of instant destruction. For four more hours the vaunted floating batteries remained exposed to the pitiless pelting of the garrison. Before midnight, the Talla Piedra, the greatest of the monster machines, and the flagship, Pastora, at her side, were in full flame, and by their light the indefatigable Elliot could see, with the more precision, to point his guns. Seven of the ten floating machines were now on fire; the guns aboard them had entirely ceased, and those on land, as if struck with wonder and despair, had become silent too.Youre the man who was in the amphibian when Mr. Everdail flew it! he said. How did you get here, with your injured shoulder?
