THREE:A great portion of the present Session was[143] occupied with discussing the return to cash payments, which, by the Act of Parliament, ought to take place on the 5th of July of this year. It appears that no less than fifty debates and conversations in both Houses took place on this important subject during the Session. Very soon after the meeting of Parliament a secret committee of each House was appointed to inquire into the state of the Bank. These committees were, however, so managed, by delivering to the members lists of suitable persons for such committees, that scarcely any but Ministerial men were voted, though these votes were given by ballot. In the Commons this result was so evident that the Opposition declined to vote at all. The first reports of the committees went rather to close more strictly than to open the issue of gold by the Bank. It had been paying in gold its notes issued previous to January, 1817. This payment it was proposed to stop, as, at present, evidently injurious to the interests of the country. Mr. Peel, on moving for a Bill for this purpose, stated that the gold at the present price was fast finding its way abroad, and was as rapidly absorbed in re-minting a gold coinage for France. It appeared that during the first half of 1818 gold to the value of no less than one hundred and twenty-eight million francs had been coined at the French mint, of which three-fourths were derived from the gold coinage of England. A Bill was accordingly passed to stop payment altogether in gold till the necessary preparations were made by a fresh Bill. Still, the condition of the Bank was represented as flourishing. Its liabilities were stated in January, 1819, as amounting to thirty-three million eight hundred and ninety-four thousand five hundred and eighty pounds; its assets, including the debt due from Government, fifty-three million seven hundred and eighty-three thousand seven hundred pounds. The total Bank surplus appeared to be nineteen million eight hundred and eighty-nine thousand one hundred and twenty pounds; and its surplus, independent of the Government debt, and therefore available for current use, was five million two hundred and two thousand three hundred and twenty pounds. The committees adopted the scheme broached by Mr. Ricardo in his "Proposals for an Economical and Secure Currency," published in 1816. This was that the Bank, in the first instance, should not pay for its notes in gold coin, but in ingots of a certain weight, its fineness being attested by a stamp; and this degree of purity should be regulated from time to time till the gold descended to the Mint price of three pounds seventeen shillings and tenpence-halfpenny per ounce. When the Mint gold at length reached this rate of value, then the payment in coin was to be begun. Resolutions to this effect were moved by the Earl of Harrowby on the 21st of May, and they received the approval, not only of the Ministerial side, but of the leading Opposition members, Lords Grenville, Lansdowne, and King.
Lorem ipsum dolor sit amet, consectetur adipisicing.
THREE:Sir Henry Clinton had for some time been aware of the real destination of the united forces of Washington and Rochambeau. He must have seen that there was a determined resolve to crush, by the most powerful combination of American and French forces, the army in the south, and every exertion should have been made by him, with fleet and army, to release Cornwallis from his peril. But, instead of sending direct reinforcements to Cornwallis, and ordering the fleet to engage the enemy's attention, and, if possible, defeat De Grasse in the Chesapeake, he concocted a diversion in Connecticut with Arnold, which he fondly hoped would recall Washington. Sir Henry Clinton contemplated further expeditionsfirst against the Rhode Island fleet, and next against Philadelphia; but these never came off, and matters were now every day assuming such an aspect as should have stimulated him to some direct assistance to Cornwallis.
Lorem ipsum dolor sit amet, consectetur adipisicing.
THREE:This proposal, which, at an earlier stage of the dispute, might have been listened to, was one at this stage which was sure to be rejected, and was only one of those miserable half measures which commonplace minds so frequently put forth only to demonstrate their inability to grasp the amplitude of the occasion. It was supposed that the measure had been intended to be larger, but that the Bedford party had fallen on it in Council, and reduced it to these pitiable dimensions. Yet when it was introduced into the Commons by Lord North, the Bedford party looked at each other in consternation, and soon the tempest broke loose on the Treasury benches.Hastings then mustered fresh regiments of sepoys; demanded and received three battalions from Cheyte Sing, the Rajah of Benares; armed cruisers; laid up stores of ammunition and provisions for three months in Fort William; enrolled a thousand European militia at Calcutta, and stood ready for any French invasion from sea. He then despatched Colonel Leslie with a strong force into the very heart of the Mahratta country. Leslie appeared to have lost his energy, made four months' delay in the plains of Bundelcund, and the next news was that he was dead. Colonel Goddard was sent to take his command, and advanced into Berar; but there hearing that successive revolutions were taking place at Poonah, he waited the result of them. Meanwhile, the presidency of Bombay, desirous of anticipating the expeditions from Calcutta, now undertook to reinstate Ragunath Rao, a deposed peishwa, whom they had lately left to his fate, and taking him along with him, the British commander, Colonel Egerton, marched into the Mahratta country with four thousand men. The army, when it had reached within sixteen miles of Poonah, was surrounded by hosts of Mahratta cavalry, and was compelled to surrender. The Mahrattas, as conditionswhich the British were in no position to declineinsisted on the restoration of all the territory won from them by the British since 1756, and the surrender to them of Ragunath Rao. But Hastings refused to recognise this treaty. He ordered Colonel Goddard to advance. The title of general was conferred on him, and he well justified the promotion. In that and the succeeding campaign he won victory on victory; stormed Ahmedabad; took the city of Bassein; gained a splendid victory over forty thousand of the combined forces of Holkar and Scindia, and, in a great measure, retrieved all the losses, and restored the fame of the British arms. In another quarter the success against the Mahrattas was equally decisive. Captain Popham with a small body of troops stormed and took the city of Lahore, and the huge fortress of[330] Gwalior, which the Mahrattas deemed impregnable.
Lorem ipsum dolor sit amet, consectetur adipisicing.
THREE:On the evening of the very day that Louis[91] quitted Paris Buonaparte arrived in it. He had slept on the night of the 19th at Fontainebleau, where, in the preceding April, he had signed his abdication. No sooner had the king departed than the Buonapartists, who were all ready for that event, came forth from their hiding-places. Lavalette resumed his position at the post-office, and thus managed to intercept the proclamations of Louis, and to circulate those of Buonaparte. Exelmans took down the white flag from the Tuileries and hoisted the tricolour, and a host of the adherents of the old Imperial Government, hurrying from all quarters, thronged the avenues to the palace, and filled the court of the Carrousel. There were ex-Ministers of Buonaparte, ex-councillors, ex-chamberlains, in imperial costumein short, every species of officers and courtiers, down to cooks, and butlers, and valets, all crushing forward to re-occupy their places.Nothing could be more just or more excellent than the sentiments and arguments of this letter; but, unfortunately, circumstances on both sides were such as really precluded any hope of making peace. Great Britain foresaw Italy under the foot of France; Holland and Belgium in the same condition; Bavaria, Baden, Würtemberg, and other smaller German States, allied with France against the other German States. It was impossible for her to conclude a peace without stipulating for the return of these States to the status quo; and was Buonaparte likely to accede to such terms? On the contrary, at this very moment, besides being in possession of Hanover, George III.'s patrimony, he had been exercising the grossest violence towards our Ambassadors in various German States, was contemplating making himself king of Italy, and was forcibly annexing Genoa, contrary to the Treaty of Lunville, to the Cisalpine Republicthat is, to the French State in Italy. Whilst he was thus perpetuating want of confidence in him, on the other hand a league for resistance to his encroachments was already formed between Great Britain, Russia, Sweden, and Austria. Peace, therefore, on diplomatic principles was impossible, and Napoleon must have known it well. True, we had no longer any right to complain of the expulsion of the Bourbons from France, seeing that the nation had ostensibly chosen a new government and a new royal family, any more than France had a right to attack us because we had expelled the Stuarts and adopted the line of Brunswick. But the very nature of Napoleon was incompatible with rest; for, as Lord Byron says, "quiet to quick bosoms is hell." Buonaparte had repeatedly avowed that he must be warlike. "My power," he said, "depends upon my glory; my glory on my victories. My power would fall if I did not support it by fresh glory and new victories. Conquest has made me what I am, and conquest alone can maintain me. A newly-born government, like mine, must dazzle and astonish. When it ceases to do that, it falls." With such an avowal as that, in entire keeping with his character, there must be constant aggressions by him on the Continent which intimately concerned us. Accordingly, the British Government replied to Buonaparte by a polite evasion. As Britain had not recognised Napoleon's new title, the king could not answer his letter himself. It was answered by Lord Mulgrave, the Secretary[500] for Foreign Affairs, addressed to M. Talleyrand, as the Foreign Secretary of France, and simply stated that Britain could not make any proposals regarding peace till she had consulted her Allies, and particularly the Emperor of Russia. The letter of Buonaparte and this curt reply were published in the Moniteur, accompanied with remarks tending to convince the French that the most heartfelt desires of peace by the Emperor were repelled by Great Britain, and that a storm was brewing in the North which would necessitate the Emperor's reappearance in the field.
Lorem ipsum dolor sit amet, consectetur adipisicing.
ONE:Great exertions had been made to draw Prussia into the confederation that was forming, and on the 25th of May, 1804, a defensive alliance had been concluded between Prussia and Russia. But the King of Prussia was, at the same time, listening to the offers of Buonaparte, who was encouraging him to expect the annexation of Hanover, and also further territory at the cost of Austria. In these circumstances, Prussia kept a dubious position, but continued to strengthen her armies for an emergency, holding herself ready to close with the best offer. Austria herself was afraid of another war with Buonaparte, and strongly urged that negotiations should be opened with him before proceeding to extremities. However, she too concluded a treaty with Russia in November. It was Pitt's object to draw these threads together. Fortunately the Czar sent his Minister, Nowosiltzoff, to England in 1805, and he readily fell in with Pitt's ideas. Accordingly, on the 11th of April the Treaty of St. Petersburg was signed on the basis of the maintenance of the Treaties of Lunville and Amiens. The great coalition was thus practically complete, when news arrived that Buonaparte had annexed Genoa to France. This was a most gross violation of the Treaty of Lunville. But the annexation of Genoa was but a small part of the aggressions of Buonaparte on Italy. On the very same journey he made himself King of Italy. On Sunday, the 26th of May, he was crowned in the cathedral of Milan. The Archbishop of Milan performed the ceremony, blessing the old iron crown of the ancient kings of Lombardy, and Buonaparte putting it himself on his head, as he had done that of France. Nor did Napoleon stop here. He wanted a little snug principality for his sister Eliza and her husband, the Corsican Bacciochi, and he turned the Republic of Lucca into such an one, and conferred it upon them.
ONE:The French having now formally declared war with England, entered on the campaign with Flanders in the middle of May with eighty thousand men, the king taking the nominal command, in imitation of Louis XIV. Marshal Saxe was the real commander, and with this able general Louis went on for some time reaping fictitious laurels. The King of England expected to see the Allies muster seventy-five thousand mena force nearly equal to that of the French; but the Dutch and Austrians had grievously failed in their stipulated quotas, and the whole army did not exceed fifty thousand. General Wade, the English commander, was a general of considerable experience, but no Marlborough, either in military genius or that self-command which enabled him to bear up against tardy movements and antagonistic tempers of the foreign officers. Consequently, whilst he had to contend with a very superior force, he was hampered by his coadjutors, lost his temper, and, what was worse, lost battles too. The French went on taking town after town and fortress after fortress. But this career of victory was destined to receive a check. Prince Charles of Lorraine, at the head of sixty thousand men, burst into Alsace, and marched without any serious obstacle to the very walls of Strasburg; while the French king was stricken with fever at Metz.
ONE:News of this most extraordinary defeat acted on the French, on all sides, like the concussion of some violent explosion. They fell back and fled in confusion before any enemy appeared. General Clausel, who was advancing from Logro?o with fifteen thousand men, fled back to Saragossa with such precipitation, and thence through the central Pyrenees into France, that he left all his artillery and most of his baggage on the road. The same was the case with General Foy, who fled from Bilbao to Bayonne in hot haste, with General Graham at his heels. Except at San Sebastian and Pampeluna, where the garrisons were soon besieged, the French were scarcely to be found in Spain, except those with Suchet in the south-east.
