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Savary accompanied Ferdinand to conduct him safely into the snare. He spoke positively of meeting Napoleon at Burgos; but when they arrived there, they received the information that Napoleon was only yet at Bordeaux, about to proceed to Bayonne. Savary seemed so sure of his victim, that he ventured to leave Ferdinand at Vittoria, and went on to see Napoleon and report progress; probably, also, to receive fresh instructions. The opportunity was not lost by some faithful Spaniards to warn Ferdinand to make his escape during Savary's absence, and to get into one of his distant provinces, where he could, at least, negotiate with Napoleon independently. Ferdinand was astounded, but persuaded himself that Napoleon could not contemplate such treachery. Although the people opposed the Prince's going, Savary prevailed, and on they went.To these, in 1785, the Rev. Dr. Edmund Cartwright introduced a loom for weaving by water or steam power, which soon superseded hand-loom weaving. In 1803 Mr. H. Horrocks greatly improved this, and from this germ has grown up the system of weaving cottons, silks, and woollens by machinery. Add to this the application of similar machinery to calico-printing, and the like to weaving of lace, invented by Robert Frost, of Nottingham, or by a working mechanic of that town named Holmes, which afterwards received many improvements, and we have the varied means by which the manufacturing power of England was raised far above that of all the world; and which, reaching other countries in spite of legislative impediments, soon established similar manufactures in France, Belgium, Germany, Switzerland, and America. In Great Britain alone the importation of raw cotton was increased from 4,764,589 lbs. in 1771 to 151,000,000 lbs. in 1818; and such was the spread of trade of all kinds from the use of machinery, that our exports of manufactured goods in 1800, when the European nations were incapacitated for manufacturing by Napoleon's general embargo, amounted to 116,000,000.
 
ONE:Before Lord Howe advanced farther, he received a deputation from Congress. He had sent the captured American General, Sullivan, on his parole to Philadelphia to endeavour to induce Congress to come to terms, and save the further effusion of blood. He assured them that he was not at liberty to treat with them as a Congress, but he would willingly meet some of them as private gentlemen, having full powers, with his brother, General Howe, to settle the dispute between them and Great Britain, on advantageous terms; that, on finding them disposed to agree to honourable conditions, he would seek for the acknowledgment of their authority to treat with him, so as to make the compact valid. The delegates appointed were sufficiently indicative of the little good that was to be hoped from the interview. They were Dr. Franklin, John Adams, and Edward Rutledge. Franklin had returned a most insulting answer to a private letter sent to him by Lord Howe. It was in vain that Lord Howe assured the deputies that England was disposed to forget all, to pardon all, and to repeal all the obnoxious taxes, and that inexpressible calamities would be avoided by the Colonies simply returning to their allegiance. The deputies replied, that the only terms on which America could make peace was as independent states. This put the matter beyond accommodation.

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TWO:Such was the busy scene which these colonies were now presenting. Dutch, German, and Swedish emigrants were carrying their industry and handicrafts thither. But, instead of our merchants seeing what a mighty market was growing up for them there, their commercial jealousy was aroused at the sight of the illicit trade which the colonists carried on with the Spanish, French, and other colonies, and even with Europe. The planters of the British West Indies complained of the American colonists taking their rum, sugar, coffee, etc., from the Dutch, French, and Spanish islands, in return for their raw produce, asserting that they had a monopoly for all their productions throughout the whole of the British dominions. Loud clamours were raised by these planters in the British Parliament, demanding the prohibition of this trade; and, after repeated endeavours in 1733 an Act was passed to crush it, by granting[184] a drawback on the re-exportation of West Indian sugar from England, and imposing duties on the importation of the West Indian produce of our European rivals direct into the American colonies.ON BOARD AN EMIGRANT SHIP AT THE TIME OF THE IRISH FAMINE. (See p. 542.)

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TWO:And walked into the Strand;D'Estaing, who expected to have taken the place with little trouble, greatly alarmed lest the English should seize most of the French West Indian islands in his absence, urged an assault contrary to the wishes of Lincoln, and this was made on the 9th of October. The forces, five thousand eight hundred in number, were led on in two columns, but they were received by such a raking fire from walls and redoubts, and from the brig flanking the right of the British lines, that they were thrown back in confusion; and before D'Estaing and Lincoln could restore order, Colonel Maitland made a general sortie with fixed bayonets, and the whole attacking force fled in utter rout. D'Estaing would now remain no longer, but re-embarked his forces, and sailed away, to the unspeakable chagrin of the Americans, who retreated in all haste, the greater part of the militia breaking up and returning home.
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FORE:DEPOSITION OF MEER JAFFIER. (See p. 316.)

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FORE:

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FORE:The Prussian people, however, on their part, were clamorous for war; they still prided themselves on the victories of Frederick, called the Great, and the students and the young nobles were full of bravado. But, unfortunately, they had not generals like Frederick to place at the head of their armies, and their military system was entirely obsolete. The Duke of Brunswick, who, in his youth, had shown much bravery in the Seven Years' War, but who had been most unfortunate in his invasion of France, in 1792, was now, in his seventy-second year, placed in chief command, to compete with Napoleon. Nothing could exceed the folly of his plan of the campaign. The whole force of Prussia, including its auxiliaries, amounted only to about one hundred and fifty thousand men. Of these the Saxons, who had reluctantly united with Prussia, and had only been forced into co-operation by the Prussians marching into their country, and, in a manner, compelling them, were worse than lukewarm in the cause; they were ready at any moment to join the French. Besides these, and the troops of Hesse-Cassel, they had not an ally except the distant Russians. On the other hand, Napoleon had a considerably superior army of his own in advance, and he had immense forces behind the Rhine, for he had anticipated a whole year's conscription. He had, moreover, his flanks protected by his friendly confederates of the Rhine, ready to come forward, if necessary. In these circumstances, Prussia's policy ought to have been to delay action, by negotiation or otherwise, till the Russians could come up, and then to have concentrated her troops so as to resist, by their momentum, the onset of the confident and battle-practised French. But, so far from taking these precautions, the Duke of Brunswick rushed forward at once into Franconia, into the very face of Buonaparte, and long before he could have the assistance of Russia. Instead of concentrating his forces, Brunswick had stretched them out over a line of ninety miles in length. He and the king had their headquarters at Weimar; their left, under Prince Hohenlohe, was at Schleitz, and their right extended as far as Mühlhausen. The Prussians, in fact, appeared rather to be occupying cantonments than drawn into military position for a great contest. Besides they had in front of them the Thuringian Forest, behind which Napoleon could man?uvre as he pleased.Mr. Villiers's motion was again brought forward on the 9th of May. The debate lasted for five nights, and ended in a division which, though it showed a majority of 256 against inquiry, was encouraging as evidencing an increase in the number of the Free Traders. The minority numbered 125. The debate was chiefly remarkable for the violence of the monopolist party. Sir Robert Peel said that the subject was exhausted, and nothing new could be adduced. "The motion of Mr. Villiers was fairly stated and proposedthere was no subterfuge involved in it. But he thought that the principle must be applied generally and universally to every article on which a duty was levied. They could not stand on the single article of corn. By the adoption of the motion they would sound the knell of Protection, and they must immediately proceed to apply the principle to practice. This would at once upset the commercial arrangements of the last year. The whole of our colonial system must be swept away without favour and without consideration." A contemporary writer describes the uproar which took place on this occasion as exceeding anything that had been witnessed since the night of the memorable division on the Corn Bill. The minority, it is said, were aware that the remaining speeches, even if delivered, could not be reported, and for that and other reasons were in their resolves so resolute, that although outvoted in some divisions, the question was just as often removed and seconded. At length Mr. Ross told Lord Dungannon, that if he were contented to sit till eight o'clock, he himself, and those who acted with him, would willingly sit till nine; and it was at this stage that Sir Charles Napier slyly suggested that they should divide themselves into three watches, after the fashion of a ship's crew. This arrangement would afford ease to all, excepting the Speaker, to whom he was sorry he could not afford the slightest relief. Worn out at length by the violence of their exertions, and despairing of victory, the majority yielded.

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FORE:D'Estaing, who expected to have taken the place with little trouble, greatly alarmed lest the English should seize most of the French West Indian islands in his absence, urged an assault contrary to the wishes of Lincoln, and this was made on the 9th of October. The forces, five thousand eight hundred in number, were led on in two columns, but they were received by such a raking fire from walls and redoubts, and from the brig flanking the right of the British lines, that they were thrown back in confusion; and before D'Estaing and Lincoln could restore order, Colonel Maitland made a general sortie with fixed bayonets, and the whole attacking force fled in utter rout. D'Estaing would now remain no longer, but re-embarked his forces, and sailed away, to the unspeakable chagrin of the Americans, who retreated in all haste, the greater part of the militia breaking up and returning home.

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FORE:Melbourne returned to town that evening, the bearer of a letter to the Duke. He communicated the state of affairs to Brougham under pledge of secrecy, but the Lord Chancellor promptly went to the Times and gave the editor a report of the circumstances, with the malicious addition"The queen has done it all." The king, furious at the insult, came up to town, and dismissed his Ministers before their successors were appointed. Meanwhile, the Duke went to Brighton on Sunday, and advised the king to send for Sir Robert Peel, who was then in Italy. A messenger was immediately despatched, who in ten days arrived at Rome, and surprised Sir Robert Peel with the announcement of the king's wish that he should return to England forthwith. Next morning the right honourable baronet started for home, and arrived in London on the 9th of December. The Duke of Wellington details the circumstances of this Ministerial crisis in a letter to the Duke of Buckingham. According to his account, the death of the Earl Spencer, which removed Lord Althorp from the House of Commons, from the management of the Government business in that assembly, and from the office of Chancellor of the Exchequer, occasioned the greatest difficulty and embarrassment. His personal influence and weight in the House of Commons were the main foundation of the strength of the late Government; and upon his removal it was necessary for the king and his Ministers to consider whether fresh arrangements should be made to enable his Majesty's late servants to conduct the affairs of the country, or whether it was advisable for his Majesty to adopt any other course. The arrangements in contemplation must have reference, not only to men, but to measures, to some of which the king felt the strongest objection. He had also strong objections to some of the members of the Cabinet. The Duke was therefore requested to form an Administration, but he earnestly recommended Sir Robert Peel as the fittest man for the office of Prime Minister. In the meanwhile he offered to hold the offices of First Lord of the Treasury and Home Secretary until Sir Robert Peel's return, Lord Lyndhurst holding the Great Seals temporarily, subject, with all the other arrangements, to Sir Robert Peel's approbation. On the 21st Lord Lyndhurst was gazetted as Lord Chancellor, holding in the interim his office of Chief Baron of the Exchequer, which Lord Brougham, dreading the prospect of idleness, offered to fill without salary, thus saving the country 12,000 a year, an offer which exposed him to censure from his own party, and which he afterwards withdrew.Fox did not suffer the Session to close without another powerful effort to avoid war with France. A petition had been handed to him for presentation to the Commons, drawn up by Mr. Gurney of Norwich, and signed by the Friends and other inhabitants of that city, praying that peace with France might be concluded. Fox not only agreed to present it and support its prayer, but he earnestly exhorted Mr. Gurney and his friends to promote the sending of petitions from other places for this object, as the only means of influencing the House, bent determinedly on war. On the 17th of June, only four days before the close of the Session, Fox moved an Address to the Crown, praying that, as the French had been driven out of Holland, peace should be made. In pursuance of his objecta great one, if attainablehe did not spare his former favourite, the Empress of Russia, and the other royal robbers of Poland. Burke replied that Fox knew very well that the defence of Holland was but a very partial motive for the war. The real obstacles to peace were the avowed principles of the Frenchthose of universal conquest, of annexation of the kingdoms conquered, as already Alsace, Savoy, and Belgium; their attempts on the Constitution of Great Britain by insidious means; the murder of their own monarch held up as an example to all other nations. To make peace with France, he said truly, was to declare war against the rest of Europe, which was threatened by France; and he asked with whom in France should we[418] negotiate for peace, if so disposed? Should it be with Lebrun, already in a dungeon, or with Clavire, who was hiding from those who were anxious to take his head? or with Egalit, who had been consigned to a dungeon at Marseilles? Burke declared that you might as well attempt to negotiate with a quicksand or a whirlwind as with the present ever-shifting and truculent factions which ruled in France.

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FORE:Oxford had sent round a circular to every Whig lord in or near London who had ever belonged to the Privy Council, warning them to come and make a struggle for the Protestant succession. This was one of the most decided actions of that vibratory statesman, and was, no doubt, prompted by his desire to avenge his recent defeat by Bolingbroke, and to stand well at the last moment with the House of Hanover. In consequence of this, the Jacobite Ministers found themselves completely prostrate and helpless in the midst of the strong muster of Whigs. Even the aged and infirm Somers made his appearance, and threw the weight of his great name into the scale. Prompt measures were taken to secure the advent of the new king. Four regiments were ordered to London; seven battalions were sent for from Ostend, where[23] Marlborough was said to have secured their zealous fidelity to the Elector; a fleet was ordered to put to sea to prevent any interruption of his transit, and to receive him in Holland. An embargo was laid on all ports, and Anne the next morning having sunk again into lethargy, the Council ordered the Heralds-at-Arms and a troop of the Life Guards to be in readiness to proclaim her successor. Mr. Craggs was sent express to Hanover to desire the Elector to hasten to Holland, where the fleet would be ready to receive him. The Council also sent a dispatch to the States General, to remind them of the factwhich for a long time and to this moment the English Government appeared itself to have forgottenthat there was such a thing as a treaty, and that by it they were bound to guarantee the Protestant succession. Lord Berkeley was appointed to the command of the fleet, and a reinforcement was ordered for Portsmouth. A general officer was hastened to Scotland, where much apprehension of a movement in favour of the Pretender existed; and, in short, every conceivable arrangement was made for the safe accession of the Protestant king.

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TWO:In Europe, Pitt was still bent on those attacks on the coast of France which long experience had shown were of little use as means of successful war, but highly objectionable, as fraught with excessive inhumanity to the innocent people of the seaboard. This, his second expedition, was aimed at St. Malo. A fleet of eighteen ships of the line, thirteen frigates, with sloops, fire-ships, and bomb-ketches, was put under the command of Lord Howe; but as Sir Edward Hawke, his senior, struck his flag, and refused to serve as second, Lord Anson, to get rid of the difficulty, put himself nominally at the head of the squadron. The command of the troops was given to the Duke of Marlborough, a brave man, but destitute of the genius of his father, and Lord George Sackville and Lord Granby were under him. There were fourteen thousand troops of the line and six thousand marines. With these went a number of aristocratic volunteers, amongst them Lord Downe, Sir John Armitage, and Sir John Lowther, the possessor of fourteen thousand pounds a-year. On the 5th of June, 1758, the transports anchored in Cancale Bay, and next day the troops were landed and led against St. Malo. This town, built on one of a cluster of granite rocks which rise out of the sea on that iron-bound coast, they found too strongly fortified to storm, but they burnt a hundred and thirty privateers and a great quantity of small craft in the harbour, and then returned to their ships. They then sailed for Le Havre, but were prevented by the wind from doing the same damage, and so continued their voyage to Granville and Cherbourg, whence they were driven by storm; and thereupon coasting a considerable way farther, but to no purpose, the fleet returned to Portsmouth, the main result being a heavy expense. Fox and the Opposition in the Commons called it breaking windows with guineas; and the old king, who had expressed his dislike of this sort of warfare, said we should brag of having burnt the French ships, and the French of having driven us away.
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THREE:[282]
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THREE:By permission of the Corporation of Liverpool. Reproduced by Andre & Sleigh, La., Bushey. Herts.
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THREE:The Whigs were as active to bring over the Electoral Prince of Hanover as they were to drive the Pretender farther off. With the Prince in England, a great party would be gathered about him; and all those who did not pay court to him and promote the interests of his House would be marked men in the next reign. Nothing could be more hateful than such a movement to both the queen and her ministers. Anne had a perfect horror of the House of Hanover; and of the Ministers, Bolingbroke, at least, was staking his whole future on paving the way of the Pretender to the throne. When the Whigs, therefore, instigated Baron Schutz, the Hanoverian envoy, to apply to the Lord Chancellor Harcourt for a writ of summons for the Electoral Prince, who had been created a British peer by the title of the Duke of Cambridge, Harcourt was thrown into the utmost embarrassment. He pleaded that he must first consult the queen, who, on her part, was seized with similar consternation. The Court was equally afraid of granting the writ and of refusing it. If it granted it, the prince would soon be in England, and the queen would see her courtiers running to salute the rising sun; the Jacobites, with Bolingbroke at their head, would commit suicide on their own plans now in active agitation for bringing in the Pretender. If they refused it, it would rouse the whole Whig party, and the cry that the Protestant succession was betrayed would spread like lightning through the nation. Schutz was counselled by the leading WhigsDevonshire, Somerset, Nottingham, Somers, Argyll, Cowper, Halifax, Wharton, and Townshendto press the Lord Chancellor for the writ. He did so, and was answered that the writ was ready sealed, and was lying for him whenever he chose to call for it; but at the same time he was informed that her Majesty was greatly incensed at the manner in which the writ had been asked for; that she conceived that it should have first been mentioned to her, and that she would have given the necessary orders. But every one knew that it was not the manner, but the fact of desiring the delivery of the writ which was the offence.The earliest martial event of the year 1760 was the landing of Thurot, the French admiral, at Carrickfergus, on the 28th of February. He had been beating about between Scandinavia and Ireland till he had only three ships left, and but six hundred soldiers. But Carrickfergus being negligently garrisoned, Thurot made his way into the town and plundered it, but was soon obliged to abandon it. He was overtaken by Captain Elliot and three frigates before he had got out to sea, his ships were taken, he himself was killed, and his men were carried prisoners to Ramsey, in the Isle of Man.
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TWO:The Viceroy rejoined with unabated spirit, replying to all the fresh matter introduced by the Duke in a lofty tone of self-justification. There is caustic irony in the following allusion to the king, as an apology for his conciliatory policy:"I[292] have, in fact, been most anxious to imitate, as far as my humble faculties would permit, the example of his Majesty himself during his visit to Ireland, and have scrupulously attended to the king's benign and paternal admonition, when his Majesty quitted the kingdom, to inculcate good fellowship and cordiality among all classes, and to promote conciliation." It is dangerous to use the argumentum ad hominem with a kingstill more so to make his conduct the object of sarcastic allusions; and it was evident that Lord Anglesey could not long remain in the position of a representative of his Majesty. There was certainly an animosity against him in the highest quarters, which appeared in the construction put upon the accidental dropping in of his son and some of his household, from curiosity, to witness, as they thought unnoticed, the debates of the Associationa circumstance which he had long ago explained, and with which he thought it particularly unfair that he should be now upbraided.
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TWO:The treaty between Russia, Prussia, and Austria for the first division of Poland was signed at St. Petersburg on the 5th of August, 1772. The three robber powers now promised to rest satisfied with their booty; to respect the rights and remaining territories of Polandwords hollow and worthless as they who used them. The invaders divided at this time about one-third of Poland between them. Prussia appropriated the whole of Pomerania, part of Great Poland, the bishopric of Warmia, and the palatinates of Marienburg and Culm; with complete command of the lower part of the Vistula. The whole of this territory did not exceed eight hundred square miles, but it was a territory of vast importance to Prussia, as it united Pomerania with the rest of that kingdom. Russia and Austria acquired immensely more in extent. Russia took nearly the whole of Lithuania, with the vast country between the rivers Dwina and Dniester. Austria secured the country along the left bank of the Vistula from Wieliczka to the confluence of the Vistula and the Viroz. But Russia had Galicia, the palatinate of Belz, and a part of Volhynia. Unsupported by France, England had no course but to acquiesce in the arrangement.
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TWO:Mr. Vansittart introduced some financial measures which effected a material saving. He proposed a plan for reducing the interest of the Navy Five per Cents. to four per cent. Holders not signifying their dissent were to have one hundred and five pounds in a New Four per Cent. stock, and persons dissenting were to be paid off in numerical order. By this scheme an annual saving to the public of one million one hundred and forty thousand pounds would be effected; besides a further saving of upwards of ninety thousand pounds of annual charge, which would be gained by similar reduction of the Irish Five per Cents. The high prices of the public funds obviated all difficulty in the execution of this financial operation, and the holders of the Five per Cent. stock found it expedient to acquiesce in the Minister's terms. The dissentients were in number only one thousand seven hundred and seventy-eight, and the stock held by them amounted to two million six hundred and fifteen thousand nine hundred and seventy-eight pounds, not a fifteenth part of the Five per Cent. capital. Another operation related to what was called "The Dead Weight Annuity." The amount of military and naval pensions and civil supernumeraries was about five millions annually. Accordingly Mr. Vansittart brought forward an amended scheme for relieving the immediate pressure of this dead weight by extending it over a longer term of years than the natural lives of the annuitants. For this purpose an annuity of two million eight hundred thousand pounds was appropriated out of the existing revenue for forty-five years, invested in trustees for the discharge of the then payments, which for that year were estimated at four million nine hundred thousand pounds, subject to a yearly diminution by deaths. It was computed that, according to the ordinary duration of human life, the annuities for the lives of the then holders would be equal to the annuity of two million eight hundred thousand pounds for forty-five years. The trustees were therefore empowered to sell from time to time such portions of this annuity as would provide the funds required for the payment of the dead weight, according to a computation made of the amount which would probably be due in each year. The Bank of England became the contractor for a portion of the annuity. There was no novelty of principle in the project; it was only the old one of anticipating distant resources by throwing the burden of the existing generation on the next. It had the further disadvantage of incurring a useless expense for management; whereas the Sinking Fund, amounting at the time to about five millions, might have been applied to existing exigencies, and a real saving effected.
THREE:Argyll, who received the news of the retreat about four in the afternoon of that day, occupied Perth with Dutch and English troops by ten o'clock the next morning. They had quitted Stirling on the 29th, and that night they encamped on the snow amid the burnt remains of the village of Auchterarder. Argyll and Cadogan followed the advanced guard and entered Perth on[32] the evening of the 1st of February; but the remainder of the troops did not arrive till late at night, owing to the state of the roads and the weather. Some few of the rebels, who had got drunk and were left behind, were secured. The next day Argyll and Cadogan, with eight hundred light foot and six squadrons of dragoons, followed along the Carse of Gowrie to Dundee. Cadogan, in a letter to Marlborough, complained of the evident reluctance of Argyll to press on the rebels. When he arrived at Dundee on the 3rd, the rebel army was already gone. He and Cadogan then separated, taking different routes towards Montrose. Cadogan, whose heart was in the business, pushed on ahead, and on the 5th, at noon, reached Arbroath, where he received the news that the Pretender had embarked at Montrose and gone to France. In this manner did the descendant of a race of kings and the claimant of the Crown of Great Britain steal away and leave his unhappy followers to a sense of his perfidious and cruel desertion. His flight, no doubt, was necessary, but the manner of it was at once most humiliating and unfeeling. The consternation and wrath of the army on the discovery were indescribable. They were wholly broken up when Argyll reached Aberdeen on the 8th of February.
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While thus tottering on the verge of revolution the Orleanist monarchy had the misfortune to affront the British Court. The reason of the rupture is known to history as the affair of the Spanish marriages, of which it is enough to say here that Louis Philippe succeeded in marrying the young Queen of Spain to her cousin, the Duke of Cadiz, who was imbecile, while at the same time he secured the hand of her sister for his youngest son, the Duc de Montpensier. Thus he apparently acquired the reversion of the throne for his family, but the coup was effected in defiance of pledges made repeatedly to Lord Aberdeen and continued to his successor at the Foreign Office, Lord Palmerston. It was undoubtedly the advent of the latter to power which hurried on the conclusion of the intrigue. Louis Philippe and Guizot suspected him of trying to secure the hand of the Queen of Spain for a prince of the House of Coburg, and was justified to a certain extent by an imprudent despatch sent by the English Foreign Secretary to our Minister at Madrid. Thereupon the King of the French frightened the Queen-Mother of Spain into giving her consent to the marriages, which were celebrated simultaneously on the 10th of October, 1846. The calculating cunning displayed by Louis Philippe and the deliberate sacrifice of a young girl to sordid requirements of State aroused a feeling of universal disgust. From Queen Victoria the proceedings provoked a letter to Louis Philippe's queen, which[549] concluded with the scathing remark"I am glad that I can say for myself that I have always been sincere with you." It was in fact, as her Foreign Minister wrote to his brother, "a twister."Whilst these movements had been progressing, very different ones had been in development in the north. The British Government, with the fatality which distinguished nearly all its counsels in this war, had thought proper to take the command of the army destined to operate by way of Canada on the northern colonies, from Sir Guy Carleton, and to confer it on General Burgoyne. The campaign had been plannednot by experienced military men on the spot, capable of estimating the difficulties of the enterprise, but in the Cabinet at home, directed by defective maps, and still more defective information.In the House of Commons similar resolutions were moved on the 24th by Mr. Robert Peel, who, on this occasion, made the first of those candid admissions of new views which he afterwards repeated on the question of Catholic Emancipation, and finally on the abolition of the Corn Laws. This eminent statesman, though beginning his career in the ranks of Conservatism, had a mind capable of sacrificing prejudice to truth, though it was certain to procure him much obloquy and opposition from his former colleagues. He now frankly admitted that the evidence produced before the secret committee of the Commons, of which he had been a member, had greatly changed his views regarding the currency since in 1811 he opposed the resolutions of Mr. Horner, the chairman of the Bullion Committee. He now believed the doctrines of Mr. Horner to be mainly sound, and to represent the true nature of our monetary system; and, whilst making this confession, he had only to regret that he was compelled by his convictions to vote in opposition to the opinions of his venerated father. Several modifications were proposed during the debate, but there appeared so much unanimity in the House that no alterations were made, and the resolutions passed without a division. The resolutions were to this effect:That the restrictions on cash payments should continue till the 1st of May, 1822; that, meanwhile, the House should make provision for the gradual payment of ten millions of the fourteen millions due from the Government to the Bank; that, from the 1st of February, 1820, the Bank should take up its notes in gold ingots, stamped and assayed in quantities of not less than sixty ounces, and at a rate of eighty-one shillings per ounce. After the 1st of October of the same year the rate of gold should be reduced to seventy-nine shillings and sixpence per ounce; and again on the 1st of May, 1821, the price should be reduced to seventy-seven shillings and tenpence halfpenny per ounce; and at this rate of gold, on the 1st of May, 1822, the Bank should finally commence paying in the gold coin of the realm. Bills to this effect were introduced into both Houses by the Chancellor of the Exchequer and Mr. Peel, and were readily[144] passed; and such was the flourishing condition of the Bank that it did not wait for the full operation of the Act, but commenced paying in coin to any amount on the 1st of May, 1821.Whilst these scenes were going on all around, and the city was menaced every moment by troops, by the raving multitude, and by whole squadrons of thieves and assassins, the electors were busily employed in organising a City Guard. But, previous to entering on this task, it was necessary to[364] establish some sort of municipal authority more definite and valid than that of the electors at large. A requisition was then presented to the provost of trades (prv?t des marchands) to take the head. A number of electors were appointed his assistants. Thus was formed a municipality of sufficient powers. It was then determined that this militia, or guard, should consist of forty-eight thousand men furnished by the districts. They were to wear not the green, but the Parisian cockade, of red and blue. Every man found in arms, and wearing this cockade, without having been enrolled in this body by his district, was to be apprehended, disarmed, and punished. And thus arose the National Guard of Paris.
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