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The winter of 1836-7 was marked by great commercial activity, and a strong tendency to over-trading, chiefly on the part of the banks. The result was a reaction, and considerable monetary embarrassment. In the reckless spirit of enterprise which led to these consequences, the American houses took the lead. The American speculators indulged an inordinate thirst for gain by land jobs, and over-trading in British produce. The most remarkable examples of this were afforded by three great American houses in London, called "the three W.'s." From an account of these firms, published in June, 1837, it appeared that the amount of bills payable by them from June to December, was as follows: Wilson and Co.,[411] 936,300; Wigan and Co., 674,700; Wildes and Co., 505,000; total acceptances, 2,116,000. This was upwards of one-sixth of the aggregate circulation of the private and joint-stock banks of England and Wales, and about one-eighth of the average circulation of the Bank of England. The shipments to America by Wigan and Co. amounted to 1,118,900. The number of joint-stock banks that started into existence at this time was remarkable. From 1825 to 1833 only thirty joint-stock banks had been established. In that year the Charter of the Bank of England being renewed, without many of the exclusive privileges it formerly enjoyed, and the spirit of commercial enterprise being active, joint-stock banks began to increase rapidly. There was an average of ten new companies annually, till 1836, when forty-five of these establishments came into existence in the course of ten months. In Ireland there were ten started in the course of two years. The consequence of this greatly increased banking accommodation produced a wild spirit of commercial adventure, which collapsed first in America, where the monetary confusion was unexampledbankers, importers, merchants, traders, and the Government having been all flung into a chaos of bankruptcy and insolvency. This state of things in America had an immediate effect in England. Discounts were abruptly refused to the largest and hitherto most respectable houses of Liverpool and London. Trade, in consequence, became paralysed; prices suddenly dropped from thirty to forty per cent.; and the numerous share bubblesthe railway projects, the insurance companies, the distillery companies, the cemetery companies, the sperm oil, the cotton twist, zoological gardens, and other speculationswhich had floated on the pecuniary tide, all suddenly collapsed, and there was an end to the career of unprincipled adventurers. It is satisfactory, however, to observe that the sound commerce of the country soon recovered the shock thus given; and in less than two years the pecuniary difficulties had passed away. Commerce had resumed its wonted activity, and flowed steadily in legitimate channels. The American banks resumed payment, and the three great American houses, which had involved themselves to such an enormous extent, were enabled to meet all their liabilities.In London, notwithstanding, there was considerable alarm, but rather from fear of the Papists and Jacobites at home than of any danger from abroad. Every endeavour had been used, in fact, to revive the old Popery scare. There were rumours circulated that the Papists meant to rise, cut everybody's throats, and burn the City. There was fear of a run on the Bank of England, but the merchants met at Garraway's Coffee-house, and entered into engagements to support the Bank. They also opened a subscription to raise two hundred and fifty thousand pounds to enlist troops, and many of them gave as much as two thousand pounds apiece. A camp was formed in Hyde Park of the Household Troops, horse and foot, a regiment of horse grenadiers, and some of the battalions that came over from Flanders. In the provinces many of the great nobility proposed to raise regiments at their own expense, and this act of patriotism was loudly applauded. In some instances the patriotism was real. But the main body of the Whig nobility and some others cut a very different figure. No sooner did Parliament meet on the 18th of October, and whilst the Jacobites were in the highest spirits, and opposing both the Address and the suspension of the Habeas Corpus, than the Dukes of Devonshire, Bedford, Rutland, Montague, the Lords Herbert, Halifax, Cholmondeley, Falmouth, Malton, Derby, and others, moved, contrary to their splendid promises, that their regiments should be paid by the king, and should be put upon the regular establishment. The king was as much disgusted as the most independent of his subjects, but he found himself unable to prevent the measure.
ONE:
TWO:The progress in the manufacture of hardware is strikingly exhibited by the increase of the population of Birmingham. According to the census of 1821, it was 106,722; in 1831 it was 146,986; in 1841 it was 181,116, showing an increase of 80 per cent. in twenty years. The number of houses during the same period was nearly doubled. Mr. Babbage has given a table, extracted from the books of a highly respectable house in Birmingham, showing the reduction in the price of various articles made of iron between 1812 and 1832, which varied from 40 to 80 per cent. The exportation of cutlery from England amounted in 1820 to about 7,000 tons; in 1839 it was 21,000 tons. Since 1820 the annual value of the exportations of hardware and cutlery increased about 50 per cent. The town of Sheffield is another remarkable instance of the growth of population in consequence of the manufacture of cutlery. In 1821 the population was 65,275; in 1841 it was 111,000. The various manufacturers of cutlery and plated goods, and the conversion of iron into steel, employed in 1835 upwards of[420] 560 furnaces. The declared value of British-made plated ware, jewellery, and watches, exported from the United Kingdom in 1827 was 169,456; in 1839 it amounted to 258,076. The value of machinery shipped to foreign countries in 1831 was only 29,000; in 1836 it was 166,000; in 1837, 280,000; and in 1840, 374,000.The feelings of the constituencies were undergoing a speedy change, and the fact was now being rapidly proved. For three months, whilst the Opposition in the House of Commons were exulting on their majority, the majority amongst the people was sliding from them; and, whilst they were straining every nerve to prevent the dissolution of Parliament, they were only more securely preparing their own fall, for Pitt and the Government had been zealously at work undermining them. The nation was pleased at his bravery, and at his disinterestedness in refusing the sinecure of the Clerkship of the Pells, though his private means were scarcely 300 a year. 更多 »
TWO:The press played a most important part in the agitation for Reform. A host of the most witty, brilliant, and powerful writers of the day wielded their pens against monopoly with tremendous effect, assailing it with argument and ridicule, like a continual storm of shot and shell. Of these, the[334] most distinguished was the Rev. Sydney Smith, who mingled argument, sarcasm, humour, and pathos, in his ardent advocacy of the popular cause, with a power and effect that made him a host in himself. In answer to the objection that the Reform Bill was a mere theory, he furnished the most telling illustrations, from life, of the way in which the existing system kept down merit and damaged the public service. So far from Reform being a mere theoretical improvement, he said, "I put it to every man who is himself embarked in a profession, or has sons in the same situation, if the unfair influence of borough-mongers has not perpetually thwarted him in his lawful career of ambition and professional emolument? 'I have been in three general engagements at sea,' said an old sailor; 'I have twice been wounded; I commanded the boats when the French frigate Astrolabe was cut out so gallantly.' 'Then, you were made a post captain?' 'No, I was very near it, but Lieutenant Thomson cut me out as I cut out the French frigate; his father is town-clerk of the borough of which Lord F is member, and there my chance was finished.' In the same manner all over England, you will find great scholars rotting on curacies, brave captains starving in garrets, profound lawyers decayed and mouldering in the Inns of Court, because the parsons, warriors, and advocates of borough-mongers must be crammed to saturation before there is a morsel of bread for the man who does not sell his votes and put his country up for auction; and though this is of every-day occurrence, the borough system, we are told, is no practical evil...." Another witty and brilliant writer, Mr. Fonblanque, rendered important services to the cause of Reform by his writings in the Examiner, which have been collected under the name of "Seven Administrations." Though Radical in its tendencies, he wrote, "Ministers have far exceeded our expectations. The plan of Reform, though short of Radical Reform, tends to the utter destruction of borough-mongering, and will prepare the way for a complete improvement. The ground, limited as it is, which it is proposed to clear and open with popular influence, will suffice, as the spot desired by Archimedes, for the plant of the power which must ultimately govern the whole system. Without Reform, convulsion is inevitable. Upon any Reform further improvement is inevitably consequent, and the settlement of the Constitution on the democratic basis certain."[1] At this period the Times was by far the greatest power of the newspaper press, and its advocacy of the cause of Reform was distinguished by a vigour and boldness which rendered it obnoxious to the House of Lords, and provoked an attack on the liberty of the press that caused a great deal of excitement during the discussions on the first Reform Bill. Mr. Lawson, the printer, was arrested, but released after a reprimand.
TWO:Austria, the centre of despotic power on the Continent, the model of absolutism, in which the principle of Divine Right was most deeply rooted, enjoyed peace from 1815, when Europe was tranquillised by the Holy Alliance, down to 1848, when it felt in all its force the tremendous shock of revolution. During that time Prince Metternich ruled the Austrian Empire almost autocratically. This celebrated diplomatist was the greatest champion and most powerful protector in Europe of legitimacy and ultra-conservatism. The news of the French Revolution reached Vienna on the 1st of March; and no censorship of the press, no espionage, no sanitary cordon designed to exclude the plague of revolution, could avert its electric influence, or arrest its momentous effects. On the 13th the people rose, defeated the Imperial troops, forced Metternich to fly, and the emperor to promise constitutional reforms. The emperor and his family, however, soon felt that Vienna was too hot for them, and notwithstanding unlimited concessions, Ferdinand began to fear that his throne might share the fate of Louis Philippe's. Therefore, he secretly quitted the capital with the imperial family, on the evening of the 17th of May, 1848, alleging the state of his health as a reason for his flight, which took his Ministers quite by surprise. He proceeded to Innsbruck in Tyrol.Thus occupying the right bank of the Aller, and the French the left, or western side, the Russians advanced to Friedland, not many miles from Eylau. At Friedland was a long wooden bridge crossing the Aller, and there, on the 13th of June, Buonaparte, by a stratagem, succeeded in drawing part of the Russians over the bridge by showing only Oudinot's division, which had been severely handled at the battle of Heilsberg. The[544] temptation was too great. Benningsen forgot his usual caution, and allowed a division of his army to cross and attack Oudinot. Oudinot retired fighting, and thus induced more of the Russians to follow, till, finding his troops hotly pressed, Benningsen marched his whole force over, and then Napoleon showed his entire army. Benningsen saw that he was entrapped, and must fight, under great disadvantages, with an enfeebled army, and in an open space, where they were surrounded by a dense host of French, who could cover themselves amid woods and hills, and pour in a tempest of cannon-balls on the exposed Russians. It was the anniversary of the battle of Marengo, and Buonaparte believed the day one of his fortunate ones. Benningsen was obliged to reduce his number by sending six thousand men to defend and keep open the bridge of Allerburg, some miles lower down the Aller, and which kept open his chance of union with L'Estocq and his Prussians. Notwithstanding all these disadvantages, Benningsen fought desperately. The battle continued from ten o'clock in the morning till four o'clock in the afternoon, when Buonaparte brought up his full force in person for one of those terrible and overwhelming shocks by which he generally terminated a doubtful contest. There was such a simultaneous roar of musketry and cavalry as seemed enough to sweep away the Russians like chaff. The batteries poured down upon them a rain of no less than three thousand ball and five hundred grape-shot charges; yet the Russians did not flinch till they had at least twelve thousand killed and wounded. It was then determined to retreat across the river, and, two fords having been found, the Czar's Imperial Guard charged the troops of Ney with the bayonet, and kept them at bay till the army was over. The transit was marvellous in its success. All their cannon, except seventeen, were saved, and all their baggage.
TWO:On the 5th of February General Pollock reached Peshawur, and found the troops under Brigadier Wild for the most part sick and disorganised. His first care was to restore the morale of the troops. Even the officers had yielded to an unworthy panic. Some of them openly declared against another attempt to force the Khyber Pass, and one said he would do his best to dissuade every sepoy of his corps from entering it again. Owing to this state of things, Pollock was compelled to remain inactive through the months of February and March, though the eyes of all India were turned upon him, and the most urgent letters reached him from Sale and M'Gregor to hasten to their relief. But the general was resolved not to risk another failure, and his duty was to wait patiently till the health, spirits, and discipline of the troops were restored, and until fresh regiments arrived.
TWO:[502]"Mourir pour la patrie,
TWO:WILLIAM WILBERFORCE. (After the Portrait by G. Richmond.)In fact, the chief scene of the war during this year continued to be south. In September, D'Estaing arrived off Savannah, to co-operate with the American forces in recovering that important place. He brought with him twenty-four ships of the line and fourteen frigates, and was moreover attended by a numerous squadron of French and American privateers, besides carrying a considerable body of troops. On learning D'Estaing's approach, General Lincoln and Governor Rutledge began to march their troops towards Savannah, and sent a number of small vessels to enable the French to carry their troops up the river, and land them near the town. General Prevost, commander of the English garrison, made the most active preparations to receive them. D'Estaing had agreed to wait for the arrival of General Lincoln, with the South Carolina force, but, with the want of faith characteristic of the man, on the 12th of September he landed three thousand men, and summoned General Prevost to surrender in the name of the French king. Prevost claimed twenty-four hours to decide, and this time he employed in strengthening his defences. Before the expiration of this time Colonel Maitland, who was on the march for Beaufort with eight hundred veterans, came in, and Prevost returned for answer that he would defend the place to the utmost. On the 16th, General Lincoln arrived, and was greatly incensed to find that D'Estaing had broken the agreement to wait for him, and still worse, had summoned the place in the name of France instead of the Congress.
TWO:During this brilliant campaign in Italy, Moreau, in Germany, had beaten General Kray in several engagements, advanced to Ulm, and there, crossing the Danube, had overrun a great part of Bavaria, and had made himself master of Munich and menaced Vienna. On hearing of the armistice in Italy, the Emperor demanded one for Austria, to continue till September; and Buonaparte, seeing that the Czar Paul had ceased to support Austria, recommended the Emperor to make peace with[478] France. The Emperor required that Britain should be included in it. But Napoleon demanded a separate negotiation, which Austria was afraid to grant. No sooner was this answer received in Paris than Buonaparte gave the word for renewed and vigorous action, both in Italy and Germany. Moreau advanced by Salzburg towards Vienna, whilst Brune drove the Austrians from the Mincio, and over the Adige and the Brenta to the very vicinity of Venice, whilst Macdonald occupied the passes of the Tyrol, ready to march to the support of the army either in Italy or Germany. The Archduke John met Moreau near Haag, and for a moment worsted him; but on the 2nd of December the two armies came to a general engagement at Hohenlinden, between the rivers Iser and Inn, in which the Austrians were routed, with a loss of ten thousand men. Moreau advanced and occupied Salzburg, and trembling for the safety of Vienna itself, the Emperor hastened to make peace. An armistice was signed on the 25th of December, and the treaty was concluded at Lunville on the 9th of February, 1801. By this treaty all the conditions of the Treaty of Campo Formio were renewed, and the frontier of the Rhine was again ceded to France.During the winter the Americans had been preparing for war, fabricating and repairing arms, drilling militia, and calling on one another, by proclamations, to be ready. On the 26th of February, 1775, Gage sent a detachment to take possession of some brass cannon and field-pieces collected at Salem. A hundred and fifty regulars landed at Salem for this purpose, but, finding no cannon there, they proceeded to the adjoining town of Danvers. They were stopped at a bridge by a party of militia, under Colonel Pickering, who claimed the bridge as private property, and refused a passage. There was likely to be bloodshed on the bridge, but it was Sunday, and some ministers of Salem pleaded the sacredness of the day, and prevailed on Colonel Pickering to let the soldiers pass. They found nothing, and soon returned.
TWO: (Signed) "WELLINGTON.
TWO:It was quite evident that a Ministry assailed in this manner, and left almost without defenders in Parliament, while the public out of doors were so excited against them that no act of theirs could give satisfaction or inspire confidence, could not long remain in office. Accordingly, they made up their minds to retire on the first opportunity. Three important questions stood for discussion, on any one of which they were sure to be defeated. The Duke selected the question of the Civil List. In the Royal Speech his Majesty surrendered the hereditary revenues of the Crown to the disposal of Parliament. The Opposition could see no merit in that, and Lord Grey contended that those revenues were not private but public property, assigned by the State for the purpose of maintaining the dignity of the Sovereign, and that from this purpose they could not be alienated. The debate came on upon the 12th of November, when the Chancellor of the Exchequer moved that the House do resolve itself into committee on the Civil List, the scheme which he had brought forward fixing the amount to be settled at 970,000. Several of the details in this scheme were objected to, and on the following day Sir H. Parnell moved, as an amendment to the resolutions of the Chancellor of the Exchequer, that a select committee be appointed to take into consideration the estimates and accounts printed by command of his Majesty regarding the Civil List. After a short debate the House divided, when the numbers werefor the amendment, 233; and against it, 204, giving a majority of twenty-nine against the Government. Mr. Hobhouse immediately asked[324] Sir Robert Peel whether Ministers intended to retain office after this expression of the sentiments of the House. To which he gave no answer at the time; but the next day the Duke in the Upper House, and Sir Robert in the Lower, announced that they held their offices only till their successors were appointed. The defeat was brought about, in a great measure, by the former supporters of the Ministry. The blow was struck, and none recoiled from it more immediately than the section of angry Tories who were mainly instrumental in delivering it. They had achieved their purpose, and stood aghast, for no time was lost with the Duke in placing his resignation in the hands of the king.[413]

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It remains only to notice the terminating scene of the once gay Murat, Buonaparte's gallant leader of cavalry in so many campaigns, and finally King of Naples. In consequence of plans that he had laid with Buonaparte in Elba, Murat rose on the 22nd of March of this year, and pushed forward with the intention of driving the Austrians out of Upper Italy. But Austria was well aware of what had been in progress, and, though Murat proclaimed the independence of Italy, the Italians fled from him rather than joined him. On the Po he was met by the Austrians, under General Fremont, fifty thousand strong, and defeated. He retreated rapidly towards Naples again, suffering other discomfitures, and at the same time receiving a notice from Lord William Bentinck that, as he had broken his convention with the European Powers, Britain was at war with him. To keep the Neapolitans in his interest, he drew up a liberal Constitution, on the 12th of May, amid the mountains of the Abruzzi, and sent it to Naples, where his queen, Caroline Buonaparte, proclaimed it. It was of no avail; the people, instead of assisting him, were ready to rise against him, and his soldiers every day rapidly deserted and went to their homes.The case of Spain was the most perplexing of all. The British Cabinet expressed the opinion that no foreign Power had any right whatever to interfere with any form of government which she had established for herself, and that her king and people were to be left to settle their own differences as best they could. The representative of Great Britain was directed to urge this point with all his influence upon the Allies, and especially upon France. But the case of her revolted colonies was different. It was evident, from the course of events, that their recognition as independent States was become a mere question of time. Over by far the greater portion of them Spain had lost all hold, and it had been found necessary, in order to admit their merchant vessels into British ports, to alter the navigation laws both of Britain and Spain. The letter of instructions accordingly directed the British plenipotentiary to advocate a removal of the difficulty on this principle: that every province which had actually established its independence should be recognised; that with provinces in which the war still went on no relation should be established; there was to be no concert with France, or Russia, or any extraneous power, in establishing relations with the new States. "The policy projected was exclusively English and Spanish, and between England and Spain alone its course was to be settled. Other nations might or might not come into the views which England entertained; but upon their approval or disapproval of her views England was not in any way to shape her conduct.""Father clammed[3] thrice a week, Unsettled Condition of EuropeMachinations of Russia and Austria against TurkeyDisasters of the AustriansCapture of OczakoffFurther Designs of CatherineIntervention of PittGustavus of Sweden invades RussiaHis Temporary CheckHe remodels the Diet and pursues the WarJoseph renews the WarDisaffection in HungaryRevolution in the Austrian NetherlandsAbolition of the Joyeuse EntreThe Emperor declared to have forfeited the CrownThe Austrian Troops retired to LuxembourgDeath of JosephOutbreak of the French RevolutionEfforts of Turgot and his Successors to introduce ReformsLomnie de BrienneRecall of NeckerAssembly of the States GeneralThe Third Estate becomes the National AssemblyThe Meeting in the Tennis CourtContemplated Coup d'tatProject of a City GuardDismissal of NeckerInsurrection in ParisThe City GuardCapture of the BastilleThe Noblesse renounce their PrivilegesBankruptcy and Famine"O Richard, O Mon Roi!"The Women and the National Guard march on VersaillesThe King brought to ParisEffect of the Revolution in EnglandDifferent Views of Burke and FoxRejection of Flood's Reform BillThe Nootka Sound AffairSatisfaction obtained from SpainMotions of Reform in the Irish ParliamentConvention of ReichenbachContinuance of the War between Sweden and RussiaRenewal of the War with Tippoo SahibDebates in ParliamentDiscussions on the Eastern QuestionThe Canada BillIt is made the occasion of speeches on the French RevolutionBreach between Fox and BurkeAbuse of Burke by the WhigsWilberforce's Notice for Immediate EmancipationColonisation of Sierra LeoneBill for the Relief of Roman CatholicsFox's Libel BillBurke's "Reflections on the French Revolution"Replies of Mackintosh and PaineDr. PriceDr. PriestleyThe Anniversary of the taking of the BastilleThe Birmingham RiotsDestruction of Priestley's LibrarySuppression of the RiotsMildness of the Sentences.In history, as in fiction, a new school of writers arose during this period, at the head of which stood Hume, Robertson, and Gibbon. David Hume (b. 1711; d. 1776) had already acquired a great reputation by his "Philosophical Essays concerning the Human Understanding," his "Inquiry into the Principles of Morals," and his "Natural History of Religion." In these metaphysical works he had indulged his extreme sceptical tendency, and in the "Essay on Miracles" believed that he had exploded the Christian religion. His works on this subject did not, at first, gain much attention; but in a while were seized on by the deistical and atheistical philosophers in Britain and on the Continent, and have furnished them with their principal weapons. The first two volumes of history met for a time with the same cold reception as his metaphysics. He commenced with that favourite period with historiansthe reigns of James I. and Charles I.because then began the great struggle for the destruction of the Constitution, followed by the still more interesting epoch of its battle for and triumph over its enemies. Hume had all the Tory prejudices of the Scottish Jacobite, and the reigns of James I. and Charles I. were extremely to his taste, but as little to that of the English public. Hence the dead silence with which it was received. But when there had been time to read the second volume, containing the Commonwealth and the reigns of Charles II. and James II., the storm broke out. In these he had run counter to all the received political ideas of the age. But this excitement raised both volumes into notice, and he then went back, and, in[176] 1759, published two more volumes, containing the reigns of the Tudors; and, going back again, in 1762 he completed his history by bringing it down from the invasion of Julius C?sar to the accession of Henry VII. It was afterwards, as has been mentioned, continued by Smollett.On the 23rd of December the committee met again in Fishamble Street, and resolved to address the Prince Regent on the invasion of their right to petition, appointing a general committee to meet again in Dublin on the 28th of February, 1812. In January, and at the commencement of February, Earl Fitzwilliam introduced the consideration of the state of Ireland, and Lord Morpeth proposed the same subject to the Commons, but both motions were rejected.
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