FORE:To add to the fame of Frederick, news arrived that Marshal Lewald, with twenty thousand Prussians, had beaten the great horde of Russians at J?gerndorf, and driven them out of Prussia, with the single exception of Memel; that Lewald and Manteuffel had swept the Swedes out of Pomerania, taking three thousand prisoners; and that Prince Henry of Prussia and Prince Ferdinand of Brunswick, to whom Frederick, at the urgent request of England, had entrusted the command of the Hanoverian and Hessian troops which Cumberland had abandoned, had, with these very troops, driven the French from Lüneburg, Zell, and Hanover. These troops, it is true, were bound by the Convention of Closter-Seven not to fight again during the war; but the generals pleaded that the cruelties and rapacity of the French in Hanover were such as set aside all compacts.The secret of this wonderfully augmented boldness of tone on the part of France soon transpired. Choiseul had been endeavouring to secure the alliance of Spain, and saw himself about to succeed. Spain was smarting under many losses and humiliations from the English during the late war. Whilst General Wall, the Spanish minister at Madrid, urged these complaints on the Earl of Bristol, our ambassador there, Choiseul was dexterously inflaming the minds of the Spanish Court against Britain on these grounds. He represented it as the universal tyrant of the seas, and the sworn enemy of every other maritime state. He offered to assist in the recovery of Gibraltar, and to make over Minorca to Spain. By these means he induced Spain to go into what became the celebrated Family Compactthat is, a compact by which France and Spain bound themselves to mutually succour and support each other; and to admit the King of Naples, the son of the Spanish king, to this compact, but no prince or potentate whatever, except he were of the House of Bourbon.
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FORE:A commission was then moved for, under the Great Seal, by Lord Camden, and in this commission were included the names of the Prince of Wales, the Dukes of York, Gloucester, and Cumberland. These royal personages, however, declined to be named in it. With these remarkable omissions, Camden's motion was passed, and the result was communicated to the Commons, on which Pitt, on the 2nd of February, moved for the concurrence of that House. This again brought up the question of the prince's right. Lord North, who, though now blind, had mixed in these debates with his usual moderation, and with a great display of good sense, based on official experience, expressed his pleasure that the prince had condescended to accept the regency, notwithstanding its limitations. This prudence, he observed, had given the country an agreeable surprise, considering the temptations to stand upon his right, which must have produced inconceivable embarrassments. Pitt could not resist the impulse to arise and again deny the right, and observe that he believed those who had advocated that right were now really ashamed of it. This immediately called up Burke, for Fox was ill, and away at Bath, and he exclaimed, "I assert that the Prince of Wales's right is clear as the sun, and that it is the duty of the House to appoint him regent, with the full powers of sovereignty." He asserted with equal warmth, that Ministers were about to purloin the Great Seal, and commit an act of forgery. A stormy debate followed, in which Burke's violence was met with moderation and dignity.But these were by no means the total of the royal troubles at this period. The youngest and most beloved of George III.'s sisters, Caroline Matilda, had been married to Christian VII. of Denmark. This young man was little better than an idiot, and the poor princess was married to him at the age of sixteen. The marriage of this young couple, and their ascent to the throne, were nearly simultaneous; and, contrary to the usual custom of a monarch, it was deemed advisable that he should travel. In his tour he fell in with the celebrated Struensee, a young physician of Altona. Christian VII., like all weak monarchs, must have favourites. Struensee speedily became the perfect master of Christian's mind and actions, and on their return to Copenhagen he was raised to the rank of count, and soon after was made Prime Minister. His enemies were of course numerous, and scandal soon connected his name with that of the queen. All this especially favoured the plans of the base queen dowager, who, in league with the hostile nobles, feigned a plot against the king; obtained from him, in his bed at midnight, an order for the arrest of the queen, Struensee, and others. The queen was seized half dressed. Struensee was executed with especial barbarities; but the King of England interfered to save his sister, and to procure the succession to her son. The unhappy young queen, however, was separated for ever from her two children, and conveyed to Zell, in Hanoverthe same castle or prison where the unhappy wife of George I. had pined away her life. There she died after a few years, protesting her innocence, though Struensee had confessed his guilt.
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FORE: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.
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