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FORE:In all these transactions Carteret showed the most facile disposition to gratify all the Hanoverian tendencies of the king, in order to ingratiate himself and secure the Premiership at home. But in this he did not succeed; he was much trusted by George in foreign affairs, and in them he remained. Lord Wilmington, Prime Minister, had died two months before the signing of the treaty at Worms, and the competitors for his office were Pelham, brother of the Duke of Newcastle, and Pulteney. Pelham was supported by Newcastle, Lord Chancellor Hardwicke, and still more powerfully by the old Minister under whom he had been trained��Lord Orford, who, though out of office, was consulted in everything relating to it. Pulteney and Pelham had both, according to their friends, neglected the necessary steps for succeeding Wilmington. Pulteney had declined any office, vainly hoping that his great popularity would enable him to guide public affairs. His friends reminded him that had he taken the Treasury on Walpole's resignation, he would now have been still at the helm. Pelham's great adviser, Lord Orford, said to him, "If you had taken my advice, and held the Exchequer under Wilmington, the whole had dropped into your mouth." Pelham, however, received the appointment from the king, and this was communicated in a letter from Carteret, who candidly told him that, as the old friend and colleague of Pulteney, Lord Bath, he had done all in his power to secure the office for him, but now he would support Pelham cordially, notwithstanding. Pelham was at this period forty-seven years of age, of far inferior talent to Orford, but pursued his cautious principles and acted under his advice.The Cabinet, by a very considerable majority, declined giving its assent to the proposals which the Minister thus made to them. They were supported by only three members of the Cabinet��the Earl of Aberdeen, Sir James Graham, and Mr. Sidney Herbert. The other members of the Cabinet, some on the ground of objection to the principle of the measures recommended, others upon the ground that there was not yet sufficient evidence of the necessity for them, withheld their sanction.

FORE:Besides these leading histories, this reign produced many others of great value. Amongst these[178] appeared, in 1763, a "History of England," by a lady, Catherine Macaulay, from James I. to the accession of the House of Hanover; which was followed by another series, from the Revolution to her own time. Mrs. Macaulay was a thorough-going Republican; had gone to America expressly to see and converse with Washington, and her history presented the very opposite opinions and phase of events to those of Hume. Lord Lyttelton wrote a "History of Henry II.," in by no means a popular style; and the book is now forgotten. In 1776 there was published the first volume of Lord Hailes's valuable "Annals of Scotland," of which Dr. Johnson entertained so high an opinion. Besides these may be named Macpherson's "History of Great Britain from the Restoration;" Stuart's "History of the Reformation in Scotland," and "History of Scotland from the Reformation to the Death of Queen Mary;" Whitaker's "History of Manchester;" Warner's "History of Ireland;" Leland's "History of Ireland;" Grainger's "Biographical History of England;" Ferguson's "History of the Progress and Termination of the Roman Republic;" Watson's "History of Philip II. of Spain;" Orme's "History of the British Nation in Hindostan;" Anderson's "Annals of Commerce." In 1784 Mitford published his "History of Ancient Greece," and two years later Gillies published another "History of Greece." In 1789 Pinkerton published a "History of the House of Stuart down to Queen Mary." In 1790 Boswell published his "Life of Johnson," the most interesting biography ever written; in 1796 Roscoe his "Life of Lorenzo de' Medici," and, in 1805, the "Life and Pontificate of Leo X."

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FORE:About the same time Sir James Yeo, who had dared to attack the superior squadron of Commodore Chauncey on Lake Ontario, and took two of his schooners, now prevailed on the spiritless Sir George Prevost to join him in an attack on Sacketts Harbour. Here the Americans had a dockyard, where they built vessels for the lake fleet, and had now a frigate nearly ready for launching. Sir George consented, but, on reconnoitring the place, his heart failed him, and he returned across the water towards Kingston. Sir James was highly chagrined, but prevailed on this faint-hearted governor to make the attempt. Seven hundred and fifty men were landed, who drove the Americans at the point of the bayonet from the harbour, and set fire to the new frigate, to a gun-brig, and to the naval barracks and arsenal abounding with stores. Some of the Americans were in full flight into the woods, and others shut themselves up in log barracks, whence they could soon have been burnt out. In the midst of this success the miserable Sir George Prevost commanded a retreat. Men and officers, astonished at the order, and highly indignant at serving under so dastardly a commander, were, however, obliged to draw off. The Americans, equally amazed, turned back to endeavour to extinguish the flames. The arsenal, the brig, and the stores were too far gone; but the new frigate, being built of green wood, had refused to burn, and they recovered it but little injured. Thus, however, was lost the chance of crushing the American superiority on the lake, which must have been the case had Sacketts Harbour been completely destroyed.

FORE:De Tolly halted at Rudnia, half way between Vitebsk and Smolensk, and there was considerable man?uvring between the rival generals to surprise one another, but this resulted in[44] nothing but the loss of several days. On the 14th of August they arrived at the Dnieper, and Murat dashed across and attacked the rear-guard of the Russians on the opposite bank. Newerowskoi, the general in command, stood his ground well, and then made a good retreat to Smolensk. His retreat was reckoned an advantage on the part of the French; and as it happened to be Buonaparte's birthday, and the anniversary of the canonisation of St. Napoleon��whom Buonaparte had had made a saint,��a hundred guns were fired in commemoration. On the 15th Buonaparte pressed after the Russians towards Smolensk. The united Russian army now amounted to one hundred and eighty thousand men, and Buonaparte had already lost one-third of his active force. Barclay de Tolly, therefore, appeared here to make a stand, much to the delight of Buonaparte, who cried out, exultingly, "Now I have them!"From the Painting by Robert Hillingford

FORE:Of course, the commercial changes introduced by Mr. Huskisson and Mr. Robinson excited loud murmurs of dissatisfaction from the interests affected, especially the shipping interest. But the best answer to objectors was the continuously flourishing state of the country. At the opening of the Session in 1825, Lord Dudley and Ward, in moving the Address in answer to the King's Speech in the Upper House, observed:��"Our present prosperity is a prosperity extending to all orders, all professions, and all districts, enhanced and invigorated by the flourishing state of all those arts which minister to human comfort, and those inventions by which man obtains a mastery over nature by the application of her own powers, and which, if one had ventured to foretell a few years ago, it would have appeared almost incredible." This happy state of things was the result of a legitimate expansion of trade. Manufacturers and merchants were at first guided by a spirit of sober calculation. The steady advance in the public securities, and in the value of property of all sorts, showed that the national wealth rested upon a solid basis. The extension of the currency kept pace with the development of trade and commerce, and the circulation of bankers' paper was enormously increased. But out of the national prosperity there arose a spirit of rash speculation and adventure, resulting in a monetary crisis. The issue of notes by country banks was under no restriction; no measures were taken to secure that their paper represented property, and could be redeemed if necessary. There were hundreds of bankers in the provinces who could issue any quantity of notes they pleased, and these passed as cash from hand to hand. The spirit of speculation and enterprise was stimulated to a feverish degree of excitement by the recognition of the states of Colombia, Mexico, and Buenos Ayres, formally announced in the King's Speech on the 3rd of February, which said that treaties of commerce had been made with those new states. The rich districts of South America being thus thrown open, there was a rush of capitalists and adventurers to work its inexhaustible mines. A number of companies was formed for the purpose, and the gains of some of them in a few months amounted to fifteen hundred per cent. The result was a mania of speculation, which seized upon all classes, pervaded all ranks, and threw the most sober and quiet members of society into a state of tumultuous excitement. Joint-stock companies almost innumerable were established, to accomplish all sorts of undertakings. There were thirty-three companies for making canals and docks, forty-eight for making railroads, forty-two for gas, twenty insurance companies, twenty-three banking companies, twelve navigation packet companies, five indigo and sugar companies, thirty-four metal companies, and many others. The amount of capital subscribed in these various companies, which numbered two hundred and seventy-six, was upwards of ��174,000,000. In connection with South America there was the Anglo-Mexican Company, the Brazilian, the Colombian, Real de Monte, and the United Mexican. On the South American shares only ten pounds each had been paid, except the Real de Monte, on which ��70 had been paid. We may judge of the extent to which gambling speculation was carried from the following statement of the market prices of the shares, in five of the principal mining companies[243], at two periods, December 10th, 1824, and January 11th, 1825:��

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