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ONE: TWO:
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ONE: TWO:The news of Braddock's defeat, reaching London whilst the king was still absent, caused a great panic and want of decision. Sir Edward Hawke had been despatched with a fleet of eighteen sail in July to intercept the return of the French fleet from Canada, but, hampered by contradictory orders, he only took prizes; and now Admiral Byng, in October, was sent out with twenty-six more, but both failed in their object. Our privateer cruisers had done more execution in the West Indies. They had nearly annihilated the trade of the French in those islands, and, according to Smollett, captured, before the end of the year, three hundred French vessels, and brought into the English ports eight thousand French seamen.
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ONE: TWO:At the very time he received this appointment he was actually in correspondence with Colonel Robinson, an officer of General Clinton's staff, declaring that he was become convinced of the more righteous cause of the mother country, and that he was prepared to testify this by some signal service to his king. It was at the beginning of August of the present year when Arnold assumed his command at West Point; and Clinton lost no time in opening a direct correspondence with him, through which such singular advantages were offered. Sir Henry Clinton employed as his agent in this correspondence a young officer of high promise in his profession and of considerable literary talents, Major John Andr, Adjutant-General and aide-de-camp to Sir Henry. As Clinton was naturally anxious to bring this hazardous correspondence to a close, he pressed Arnold to come to a speedy decision, offering him rank in the army and a high reward in return for the promised servicesnamely, the surrender of West Point, with all its dependent forts and stores, including, as a matter of course, the command of the Hudson, and the terror and distrust which this act would spread through the American army. The absence of Washington at the meeting with Rochambeau at Hartford was seized on as a proper opportunity for a personal and final conference on the subject. Major Andr was selected by General Clinton to meet Arnold on neutral ground. The place selected was on the western bank of the Hudson, and Clinton strongly enjoined him to enter on no account within the American lines, to assume no disguise, nor to be the bearer of any written documents. Day dawned before the whole preliminaries were settled, though the chief point was determinednamely, that West Point should be surrendered to the English on the following Monday. Andr was prevailed on to remain with Arnold the greater part of the day; and then, on going down to the shore, he found that the boatman who had brought him out refused to carry him back. When Andr returned to Arnold at Smith's house, he gave him a pass, and advised him to travel by land to King's Ferry, and there to cross. He insisted that for this purpose he must assume a disguise, and travel under his assumed name of John Anderson. So little was Andr apprehensive of danger, that he not only disobeyed the injunction of his[278] commander-in-chief in this particular, but in the far more important one of carrying written papers, which he concealed in his boot.Accordingly, on the 5th of June, the queen proceeded to the House of Lords, and stated in a long speech the terms on which it was proposed to make the peace with Francenamely, that Louis XIV. should acknowledge the Protestant succession and remove the Pretender out of France; that Philip should renounce the Crown of Spain[5], should that of France devolve on him; and that the kings of both France and Spain should make solemn engagements for themselves and their heirs that the two kingdoms should never be united under one crown; that Newfoundland, with Placentia, Hudson's Bay, Nova Scotia, or Acadia, as it was then termed by the French, as well as Gibraltar, Port Mahon, and the whole island of Minorca, should be ceded to England; that the Spanish Netherlands, Naples, Sardinia, the Duchy of Milan, and the places on the Tuscan coast, formerly belonging to Spain, should be yielded to Austria, the appropriation of Sicily being not so far determined; that France would make the Rhine the barrier of the Empire, yielding up all places beyond it, and razing the fortresses on the German side as well as in the river; that the barriers of Savoy, the Netherlands, and Prussia, should be made satisfactory to the Allies. The Electoral dignity was to be acknowledged in the House of Hanover.
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ONE:But on the 15th of December, only eight days later, Lord Shelburne followed up the question by moving that the alarming additions annually made to the Debt, under the name of extraordinaries incurred in different services, demanded an immediate check; that the distresses of landed and mercantile interests made the strictest economy requisite, and that the expenditure of such large sums without grants from Parliament was an alarming violation of the Constitution. He showed that these expenses bore no proportion to those of any former wars as to the services performed for them, and stated plainly that the cause was notoriousthat the greater part of the money went into the pockets of the Ministers' contracting friends. Lord Shelburne's motion was also rejected. He then gave notice for a further motion of a like nature on the 8th of February. TWO:This was an announcement of the utter overthrow of the Revolution, and the restoration of the ancient condition of France, with its aristocracy and its slaves. The sensation which it produced was intense. The king was immediately accused of secretly favouring this language, though it was far from being the case. It was in vain that he disavowed the sentiments of this haughty and impolitic proclamation to the Assembly; he was not believed, and the exasperation against him was dreadfully aggravated.
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ONE: TWO:Before the close of April a great commercial crisis had taken place in England, and Ministers were compelled to make a new issue, by consent of Parliament, of five millions of Exchequer Bills, to assist merchants and manufacturers, under proper security. The sudden expansion of industry which was met by an undue increase of the paper currency rather than bullion, combined[417] with reckless banking, produced the crisis. It was calculated that out of the 350 provincial banks 100 failed. In the circumstances the issue of Exchange Bills was a most successful makeshift.265
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