ONE:Undismayed, Fox renewed the contest on the following day, December 15th, by moving that an humble address should be presented to his Majesty, praying him to send an ambassador to France to treat with the persons constituting the existing executive Government. He said that he did not mean to vindicate what had taken place in that country, although, if we condemned the crimes committed in France, we must also condemn those of Morocco and Algiers, and yet we had accredited agents at the courts of those countries.
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ONE:[58]
ONE:[58]
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ONE:In July, 1814, whilst the struggles were going on upon the Canadian frontiers, the British projected an expedition against the very capital of the United States. This was carried into execution about the middle of August. Sir Alexander Cochrane landed General Ross, and a strong body of troops, on the banks of the Patuxent, and accompanied them in a flotilla of launches, armed boats, and small craft up the river itself. On entering the reach at Pig Point they saw the American flotilla, commanded by Commodore Baring, lying seventeen in number. They prepared to attack it, when they saw flames begin to issue from the different vessels, and comprehended that the commodore had deserted them; and it was firmly believed that he had so timed the setting fire to his vessels that they might blow up when the British were close upon them, if they had not already boarded them. Fortunately, the flames had made too much progress, and the British escaped this danger. The vessels blew up one after another, except one, which the British secured. Both soldiers and sailors were highly incensed at this treachery, and prepared to avenge it on Washington itself. On the 24th of August they were encountered at Bladensburg, within five miles of Washington, by eight or nine thousand American troops, posted on the right bank of the Potomac, on a commanding ridge. Madison was on one of the hills, to watch the battle, on the event of which depended the fate of the capital.
ONE:In July, 1814, whilst the struggles were going on upon the Canadian frontiers, the British projected an expedition against the very capital of the United States. This was carried into execution about the middle of August. Sir Alexander Cochrane landed General Ross, and a strong body of troops, on the banks of the Patuxent, and accompanied them in a flotilla of launches, armed boats, and small craft up the river itself. On entering the reach at Pig Point they saw the American flotilla, commanded by Commodore Baring, lying seventeen in number. They prepared to attack it, when they saw flames begin to issue from the different vessels, and comprehended that the commodore had deserted them; and it was firmly believed that he had so timed the setting fire to his vessels that they might blow up when the British were close upon them, if they had not already boarded them. Fortunately, the flames had made too much progress, and the British escaped this danger. The vessels blew up one after another, except one, which the British secured. Both soldiers and sailors were highly incensed at this treachery, and prepared to avenge it on Washington itself. On the 24th of August they were encountered at Bladensburg, within five miles of Washington, by eight or nine thousand American troops, posted on the right bank of the Potomac, on a commanding ridge. Madison was on one of the hills, to watch the battle, on the event of which depended the fate of the capital.
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ONE:Stood waiting too, for whom? Lord Chatham."[333]
ONE:Stood waiting too, for whom? Lord Chatham."[333]
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ONE:The distress which had pressed so severely on the people, and which had set them thinking about the most perilous political changes, was intimately connected with the state of the country. Throughout the troubled period of almost incessant war and lavish expenditure between 1797 and 1815, the business of the nation was carried on with an inconvertible paper currency, the precious metals having nearly all departed from the country. Bank notes were issued in such quantities, to meet the exigencies of the Government, that the prices of all commodities were nearly doubled. The Bill which was passed in 1819 providing for the resumption of cash payments had reduced the currency from 48,278,070, which was its amount in 1819, to 26,588,000, in 1822. The consequence was the reduction of prices in the meantime, at the rate of fifty per cent., in all the articles of production and commerce. With this tremendous fall of prices, the amount of liabilities remained unchanged; rents, taxes, and encumbrances were to be paid according to the letter of the contract, while the produce and commoditiesthe sale of which was relied upon to pay themdid not produce more than half the amount that they would have brought at the time of the contracts. The evil of this sudden change was aggravated by the South American Revolution, in consequence of which the annual supply of the precious metals was reduced to a third of its former amount. It was peculiarly unfortunate that this stoppage in the supply of gold and silver occurred at the very time that the Legislature had adopted the principle that paper currency should be regarded as strictly representing gold, and should be at any moment convertible into sovereigns. A paper currency should never be allowed[238] to exceed the available property which it represents, but it is not necessary that its equivalent in gold should be lying idle in the coffers of the Bank, ready to be paid out at any moment the public should be seized with a foolish panic. It is enough that the credit of the State should be pledged for the value of the notes, and that credit should not be strained beyond the resources at its command. The close of 1822 formed the turning-point in the industrial condition of the country. The extreme cheapness of provisions, after three years of comparative privation, enabled those engaged in manufacturing pursuits to purchase many commodities which they had hitherto not been able to afford. This caused a gradual revival of trade, which was greatly stimulated by the opening of new markets for our goods, especially in South America, to which our exports were nearly trebled in value between 1818 and 1823, when the independence of the South American Republics had been established. The confidence of the commercial world was reassured by the conviction that South America would prove an unfailing Dorado for the supply of the precious metals. The bankers, therefore, became more accommodating; the spirit of enterprise again took possession of the national mind, and there was a general expansion of industry by means of a freer use of capital, which gave employment and contentment to the people. This effect was materially promoted by the Small Note Bill which was passed in July, 1822, extending for ten years longer the period during which small notes were to be issued; its termination having been fixed by Peel's Bill for 1823. The average of bank-notes in circulation in 1822 was 17,862,890. In November of the following year it had increased by nearly two millions. The effect of this extension of the small note circulation upon prices was remarkable. Wheat rose from 38s. to 52s., and in 1824 it mounted up to 64s. In the meantime the bullion in the Bank of England increased so much that whereas in 1819 it had been only 3,595,360, in January, 1824, it amounted to 14,200,000. The effect of all these causes combined was the commencement of a reign of national prosperity, which burst upon the country like a brilliant morning sun, chasing away the chilling fogs of despondency, and dissipating the gloom in the popular mind.The House then adjourned for the Easter holidays, till the 7th of May. The interval was one of the greatest possible public excitement. The narrowness of the majority made the Reformers tremble for the fate of the Bill in committee. The awful silence was now broken, and the voice of the nation was heard like peals of thunder. The political unions which had been resting on their arms, as if watching intently the movements of armies at a distance, now started to their feet, and prepared themselves for battle. At Leeds, at Birmingham, Manchester, Sheffield, Liverpool, Glasgow, Edinburgh, meetings were held, strong resolutions passed, and imperative petitions adopted. At Birmingham an aggregate meeting of the political unions of the surrounding districts was held on the 7th of May at the foot of New Hall Hill. Of this vast and formidable assembly, the northern division alone was estimated at 100,000 men, who marched with 150 banners and eleven bands of music, their processions extending over four miles. The total number of bands in attendance at the meeting was 200, and the number of banners 700. The commencement of the proceedings was announced by sound of bugle. A number of energetic and determined speeches was delivered, and a petition to the Lords was adopted, imploring them not to drive to despair a high-minded, generous, and fearless people, nor to urge them on by a rejection of their claims to demands of a much more extensive nature; but rather to pass the Reform Bill into law, unimpaired in any of its great parts and provisions, more especially uninjured in the clauses relating to the ten-pound franchise. The council of the Birmingham union declared its sitting permanent, and the vast organisation throughout the United Kingdom assumed an attitude of resolution and menace truly alarming.
ONE:The distress which had pressed so severely on the people, and which had set them thinking about the most perilous political changes, was intimately connected with the state of the country. Throughout the troubled period of almost incessant war and lavish expenditure between 1797 and 1815, the business of the nation was carried on with an inconvertible paper currency, the precious metals having nearly all departed from the country. Bank notes were issued in such quantities, to meet the exigencies of the Government, that the prices of all commodities were nearly doubled. The Bill which was passed in 1819 providing for the resumption of cash payments had reduced the currency from 48,278,070, which was its amount in 1819, to 26,588,000, in 1822. The consequence was the reduction of prices in the meantime, at the rate of fifty per cent., in all the articles of production and commerce. With this tremendous fall of prices, the amount of liabilities remained unchanged; rents, taxes, and encumbrances were to be paid according to the letter of the contract, while the produce and commoditiesthe sale of which was relied upon to pay themdid not produce more than half the amount that they would have brought at the time of the contracts. The evil of this sudden change was aggravated by the South American Revolution, in consequence of which the annual supply of the precious metals was reduced to a third of its former amount. It was peculiarly unfortunate that this stoppage in the supply of gold and silver occurred at the very time that the Legislature had adopted the principle that paper currency should be regarded as strictly representing gold, and should be at any moment convertible into sovereigns. A paper currency should never be allowed[238] to exceed the available property which it represents, but it is not necessary that its equivalent in gold should be lying idle in the coffers of the Bank, ready to be paid out at any moment the public should be seized with a foolish panic. It is enough that the credit of the State should be pledged for the value of the notes, and that credit should not be strained beyond the resources at its command. The close of 1822 formed the turning-point in the industrial condition of the country. The extreme cheapness of provisions, after three years of comparative privation, enabled those engaged in manufacturing pursuits to purchase many commodities which they had hitherto not been able to afford. This caused a gradual revival of trade, which was greatly stimulated by the opening of new markets for our goods, especially in South America, to which our exports were nearly trebled in value between 1818 and 1823, when the independence of the South American Republics had been established. The confidence of the commercial world was reassured by the conviction that South America would prove an unfailing Dorado for the supply of the precious metals. The bankers, therefore, became more accommodating; the spirit of enterprise again took possession of the national mind, and there was a general expansion of industry by means of a freer use of capital, which gave employment and contentment to the people. This effect was materially promoted by the Small Note Bill which was passed in July, 1822, extending for ten years longer the period during which small notes were to be issued; its termination having been fixed by Peel's Bill for 1823. The average of bank-notes in circulation in 1822 was 17,862,890. In November of the following year it had increased by nearly two millions. The effect of this extension of the small note circulation upon prices was remarkable. Wheat rose from 38s. to 52s., and in 1824 it mounted up to 64s. In the meantime the bullion in the Bank of England increased so much that whereas in 1819 it had been only 3,595,360, in January, 1824, it amounted to 14,200,000. The effect of all these causes combined was the commencement of a reign of national prosperity, which burst upon the country like a brilliant morning sun, chasing away the chilling fogs of despondency, and dissipating the gloom in the popular mind.The House then adjourned for the Easter holidays, till the 7th of May. The interval was one of the greatest possible public excitement. The narrowness of the majority made the Reformers tremble for the fate of the Bill in committee. The awful silence was now broken, and the voice of the nation was heard like peals of thunder. The political unions which had been resting on their arms, as if watching intently the movements of armies at a distance, now started to their feet, and prepared themselves for battle. At Leeds, at Birmingham, Manchester, Sheffield, Liverpool, Glasgow, Edinburgh, meetings were held, strong resolutions passed, and imperative petitions adopted. At Birmingham an aggregate meeting of the political unions of the surrounding districts was held on the 7th of May at the foot of New Hall Hill. Of this vast and formidable assembly, the northern division alone was estimated at 100,000 men, who marched with 150 banners and eleven bands of music, their processions extending over four miles. The total number of bands in attendance at the meeting was 200, and the number of banners 700. The commencement of the proceedings was announced by sound of bugle. A number of energetic and determined speeches was delivered, and a petition to the Lords was adopted, imploring them not to drive to despair a high-minded, generous, and fearless people, nor to urge them on by a rejection of their claims to demands of a much more extensive nature; but rather to pass the Reform Bill into law, unimpaired in any of its great parts and provisions, more especially uninjured in the clauses relating to the ten-pound franchise. The council of the Birmingham union declared its sitting permanent, and the vast organisation throughout the United Kingdom assumed an attitude of resolution and menace truly alarming.
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ONE:Amongst the most distinguished of this series of architects is James Gibbs, who, after studying in Italy, returned to England in time to secure the erection of some of the fifty churches ordered to be built in the metropolis and its vicinity in the tenth year of Queen Anne. The first which he built is his finestSt. Martin's, at the north-east corner of Trafalgar Square.[160] Besides St. Martin's, Gibbs was the architect of St. Mary's, in the Strand; of Marylebone Chapel; of the body of All Saints', Derbyan incongruous addition to a fine old Gothic tower; of the Radcliffe Library, at Oxford; of the west side of the quadrangle of King's College, and of the Senate House, Cambridge, left incomplete. In these latter works Sir James Burrows, the designer of the beautiful chapel of Clare Hall, in the same university, was also concerned. Gibbs was, moreover, the architect of St. Bartholomew's Hospital.
ONE:Amongst the most distinguished of this series of architects is James Gibbs, who, after studying in Italy, returned to England in time to secure the erection of some of the fifty churches ordered to be built in the metropolis and its vicinity in the tenth year of Queen Anne. The first which he built is his finestSt. Martin's, at the north-east corner of Trafalgar Square.[160] Besides St. Martin's, Gibbs was the architect of St. Mary's, in the Strand; of Marylebone Chapel; of the body of All Saints', Derbyan incongruous addition to a fine old Gothic tower; of the Radcliffe Library, at Oxford; of the west side of the quadrangle of King's College, and of the Senate House, Cambridge, left incomplete. In these latter works Sir James Burrows, the designer of the beautiful chapel of Clare Hall, in the same university, was also concerned. Gibbs was, moreover, the architect of St. Bartholomew's Hospital.
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THREE:Sir Robert Walpole was not a man, with his huge standing majority, to be readily frightened from his purpose. On the 14th of March, 1733, he brought forward his project in a speech in which he put forth all his ability, and that under a well-maintained air of moderation. He took advantage of the alarm that the tax was to be general, by representing the falsity of that declaration, and the very slight and limited nature of his real proposal. Adverting to what he called the common slander of his having intended to propose a general excise, he said: "I do most unequivocally assert that no such scheme ever entered my head, or, for what I know, the head of any man I am acquainted with. My thoughts have been confined solely to the duties on wine and tobacco; and it was the frequent advices I had of the shameful frauds committed in these two branches that turned my attention to a remedy for this growing evil. I shall for the present confine myself to the tobacco trade." He then detailed the various frauds on the revenue in tobacco, which he stated were of such extent and frequency, that the gross average produce of the tax was seven hundred and fifty thousand pounds.[63] but the nett average only a hundred and sixty thousand pounds. The remedy which he proposed was to transfer this revenue from the Customs to the Excise. That the same might afterwards be applied to wine, a system of warehousing for re-exportation or placing in bond was proposed, which, he said, "would tend to make London a free port, and, by consequence, the market of the world." He held out the expectation that the success of this plan would render the land tax unnecessary, and thus enable the Government to dispense with it entirely.