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TWO:
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TWO:Pampeluna and San Sebastian being invested, Lord Wellington proceeded with his main army to occupy the passes of the Pyrenees. These, Wellington, in his dispatches, says amounted to about seventy, and, in the service of securing these, he complains that he was left very much without the necessary supplies for his army. The British Government had, from some causehe supposed to send them against the Americansreduced the number of convoys, and many of our store-ships were taken by the French frigates and privateers. It was, as much as ever, in vain to expect the Spaniards to do anything to supply the deficiency, after all that the English had done for them. As fast as they got rid of the French, they busied themselves in making war on the clergy and putting them down. Wellington was, therefore, continually obliged to arrest his marches to wait for provisions. Notwithstanding, by the 7th of July he had driven Joseph Buonaparte through the mountains into France, chased Clausel beyond Tudela on the Ebro, and taken his post on the very edge of France. Buonaparte, alarmed at the progress of Wellington, displaced Jourdan as incapable, and sent back Soult to do what neither he, nor Ney, nor Marmont, nor Massena had been able to do before they were necessarily displacedthat is, arrest the onward march of Wellington into France.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.
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TWO:[328]The members of the Government were scarcely less rejoiced at getting rid of the matter than the nation was at their defeat. The most thinking men of their party became greatly alarmed at the state of public feeling, and were in constant dread of a revolution. The most violent language was used by the democratic leaders, and the press abounded with libels against the Government, whose chief members were hooted and pelted as they passed through the streets. This alarming state of things had arrived at its height towards the end of September. The Duke of York, who was then at Brighton, was violent against the queen. He felt confident that the troops must be called out, and he thought he could trust them. On them alone he depended for the preservation of the Throne. The king, at this time, rarely showed himself to any of his subjects. His conduct was an excitement to popular hatred. Mr. W. H. Freemantle, who was well informed as to all that was going forward in the highest quarters, describes the condition of things in letters to the Duke of Buckingham. "You have no idea," he says, "of the state of the town. The funds fell to-day. As to the king forming a Government, after the resignation of all his present servants, with the avowed object of persecuting the queen, it would be impossible; it would be making her the popular object and throwing the country in a flame. Be assured that the king on[213] this subject is no less than mad!" "In the months of October and November," observes the Duke of Buckingham, "it became evident that the frenzy outside the Houses of Parliament was exerting its influence within its walls. The aspect of affairs looked blacker every hour." "Matters here are in a critical state," writes Lord Sidmouth to Mr. Bathurst on the 27th of October. "Fear and faction are actively and not unsuccessfully at work; and it is possible that we may be in a minority, and that the fate of the Government may be decided." Plumer Ward, in his diary, has this entry under date of November 2nd:"Called upon (Wellesley) Pole. He was at breakfast, and we had a long chat. He thought everything very badMinisters, Opposition, king, queen, countryand, what was more, no prospect of getting right. All ties were loosened. Insolence and insubordination out of doors; weakness and wickedness within. 'The Whigs,' he said, 'were already half Radicals, and would be entirely so if we did not give way.' I said his brother, the Duke of Wellington, felt this too, but would not give way nevertheless. Meantime, the king was as merry as a grig. At first he had been annoyed, but was now enjoying himself at Brighton."
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