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So passed from a long possession of power a Minister who inaugurated a system of corruption, which was not so much abused by himself, as made a ready instrument of immeasurable mischief in the hands of his successors. Had Walpole used the power which he purchased with the country's money more arbitrarily and perniciously, the system must have come much sooner to an end. As it was, the evils which he introduced fell rather on posterity than on his own time.

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HENRY FIELDING. (The Portrait by Hogarth; the Border by James Basire.)The conditions proposed by Lord Cornwallis were, that Tippoo should cede one-half of his territories; that he should pay three crores and thirty lacs of rupees; that he should restore all the prisoners taken since the time of his father, Hyder Ali; and that two of his eldest sons should be given up as hostages for the faithful fulfilment of the articles. On the 26th the boys, who were only eight and ten years old, were surrendered, and part of the money was sent in. Cornwallis received the little princes very kindly, and presented each of them with a gold watch, with which they were delighted. When, however, it came to the surrender of the territory, Tippoo refused and began to make preparations for resistance; but Lord Cornwallis's active firmness soon compelled him to submit. He ordered the captive children to be sent away to Bangalore, and prepared to storm the town, for which both our soldiers and those of the Nizam were impatient. Tippoo gave way; and the surrender of territory according to the treaty was completed.
ONE:

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TWO:"The present order of things must not, cannot[280] last. There are three modes of proceeding: first, that of trying to go on as we have done; secondly, to adjust the question by concession, and such guards as may be deemed indispensable; thirdly, to put down the Association, and to crush the power of the priests. The first I hold to be impossible. The second is practicable and advisable. The third is only possible by supposing that you can reconstruct the House of Commons, and to suppose that is to suppose that you can totally alter the feelings of those who send them there. I believe nothing short of the suspension of the Habeas Corpus Act and martial law will effect the third proposition. This would effect it during their operation, and, perhaps, for a short time after they had ceased, and then every evil would return with accumulated weight. But no House of Commons would consent to these measures until there is open rebellion, and therefore till that occurs it is useless to think of them. The second mode of proceeding is, then, I conceive, the only practicable one; but the present is not propitious to effect even this. I abhor the idea of truckling to the overbearing Catholic demagogues. To make any movement towards conciliation under the present excitement and system of terror would revolt me; but I do most conscientiously, and after the most earnest consideration of the subject, give it as my conviction that the first moment of tranquillity should be seized to signify the intention of adjusting the question, lest another period of calm should not present itself."FIVE-SHILLING PIECE OF THE SOUTH SEA COMPANY.

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TWO:But there was a circumstance taken for granted in such a scheme which would never have been realisedthe consent of the queen. Anne, like most other sovereigns, abhorred the idea of a successor. She never liked the contemplation of the occupation of her throne after death, much less did she relish the presence of a competitor during her lifetime. Besides in her days of disease and weakness she had enough to do to manage her Ministry, without adding to her anxieties by a rival authority either from Hanover or St. Germains. There was still another obstaclethe unsatisfactory conduct of Oxford, who had[18] professed great zeal for the Pretender till he got the Peace of Utrecht signed, because this secured him the vote of the Jacobites, but who since then had trifled with them, and never could be brought to any positive decision. Berwick had sent over the Abb Gualtier to endeavour to bring Oxford to a point. Gualtier soon informed his employer that Oxford was actively corresponding with the House of Hanover and therefore Berwick and De Torcy wrote a joint letter to him, putting the plain question, what measures he had taken to secure the interests of the Pretender in case of the death of the queen, which no one could now suppose to be far off. Oxford, with unwonted candour this time, replied that, if the queen died soon, the affairs of the Prince and of the Cabinet too were ruined without resource. This satisfied them that he had never really been in earnest in the Pretender's cause, or he would long ago have taken measures for his advantage, or would have told them that he found it impossible. They determined, therefore, to throw the interests of the Jacobites into the party of Bolingbroke; and this was another step in Oxford's fall. They managed to set Lady Masham warmly against him, and this undermined him more than ever with the queen.

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TWO:The retired Ministers showed for the most part a very hostile attitude, and Pulteney denounced the new Ministry as a "German Ministry." Walpole, for a little time, affected a liberal conduct, declaring, when the Supply of two hundred and fifty thousand pounds was voted, that, as he had before spoken in its favour, he should now vote in its favour, and would show by his proceedings that he had never intended to make the king uneasy, or to embarrass his affairs. But it was not in Walpole's nature to maintain this air of temperance long. He was as violent in opposition as he was able and zealous in office. Whether in or out of office, he was, in fact, equally unscrupulous. He very soon joined himself to Shippen, Wyndham, Bromley, and the other violent opponents of the reigning family; so that Shippen himself ere long said exultingly that he was glad to see that Walpole was no longer afraid of being styled a Jacobite.

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TWO:The introduction of the steam-engine, railroads, and canals enabled the coal-miners during this reign to extend the supply of coals enormously. In 1792 the coal-mines of Durham and Northumberland alone maintained twenty-six thousand two hundred and fifty persons, and employed a capital of three million one hundred and thirty thousand poundsa very small amount of both people and money as compared with the workers and capital engaged in the trade since the expansion of the manufacturing and steam systems. The coal-fields of Durham and Northumberland extend to nearly eight hundred square miles, but the beds in Northumberland, Durham, Yorkshire, the Midland Counties, South of Scotland, and Ireland, are still immense and not yet fully explored. Fresh strata are discovered as steam power enables us to go deeper. In 1817 Sir Humphry Davy perfected his safety-lamp, which, by means of a simple wire gauze, enabled the miner to work amid the most explosive gases. These lamps, however, were not able to protect the colliers from their own carelessness, and most horrible destruction, from time to time, took place amongst them from neglect.

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On the 5th of June, the day after the king's birthday, Pitt introduced his plan of military defence. It was to leave the militia what it was, but to increase the regular army by making it compulsory on parishes to furnish each a certain number of men to what was called the Army of Reservea body called out for five years, and only to be employed within the United Kingdom. He desired to break down the distinctions between this and the regular army by attaching the Reserve to the Regulars as second battalions, and encouraging volunteering thence into the Regulars. This was known as the Additional Force Bill, which was denounced by the Opposition as veiled conscription. In other ways, notably by the erection of his martello towers, Pitt set himself to rouse the spirit of the nation, in face of the very real danger of invasion.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.But this was only the lull before the storm. Burke and Francis were living, and the thunder-bolts were already forged which were to shatter his pleasing dream of approval. His agreeable delusion was, indeed, soon ended. On the 24th of January, 1787, Parliament met, and Major Scott, an officious friend of Hastings, unfortunately for the ex-Governor-General, relying on the manifestation of approbation of Hastings by the Court and fashionable circles, got up and asked where now was that menace of impeachment which Mr. Burke had so long and often held out? Burke, thus challenged, on the 17th of February rose and made a call for papers and correspondence deposited in the India House, relative to the proceedings of Hastings in India. He also reminded Pitt and Dundas of the motion of the latter on the 29th of May, 1782, in censure of the conduct of Hastings on the occasions in question. This was nailing the ministers to their opinions; but Dundas, now at the head of the Board of Control, repeated that he still condemned the conduct of Hastings, but taken with the services which he had rendered to the country in India, he did not conceive that this conduct demanded more than censure, certainly not impeachment. Fox supported Burke, and Pitt defended Hastings, and attacked Fox without mercy. There was a feeling abroad that the king was determined to support Hastings, and the proceedings of Pitt confirmed this. Burke's demand for papers was refused, but this did not deter Burke. On the 4th of April he rose again and presented nine articles of impeachment against Hastings, and in the course of the week twelve more articles. To these a twenty-second article was afterwards added.GREAT SEAL OF GEORGE II.
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