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ONE:CHAPTER XII. REIGN OF GEORGE III. (continued). TWO:If we were to believe figures, and the returns of exports and imports, and of duties paid, we must set down the opening of the year 1819 as considerably prosperous. This was the view which Ministers took of the condition of Great Britain when they met the new Parliament on the 14th of January. The speculations that had been carried on during 1818 had swelled the revenue, and given an impression of growing commerce, which unfortunately did not exist. The results of these speculations in imports of raw material, especially of cotton, and in extensive exports of manufactures to countries not yet sufficiently reinvigorated to purchase, had produced numerous and heavy failures during the latter part of the past year, and these still continued, in strange contrast to the self-congratulating language of Ministers. In nothing was the fall of price so great as in cotton, and those who had bought[142] largely suffered in proportion. These bankruptcies were not confined to Great Britain; they extended to New York, and to southern ports of the United States, where the same speculation had been going on largely.

ONE: TWO:"I have for several years endeavoured to obtain a compromise on this subject. The result of resistance to qualified concession must be the same in the present instance as in those I have mentioned. It is no longer worth while to contend for a fixed duty. In 1841 the Free Trade party would have agreed to a duty of 8s. a quarter on wheat, and after a lapse of years this duty might have been further reduced, and ultimately abolished. But the imposition of any duty, at present, without a provision for its extinction within a short period, would but prolong a contest already sufficiently fruitful of animosity and discontent. The struggle to make bread scarce and dear, when it is clear that part, at least, of the additional price goes to increase rent, is a struggle deeply injurious to an aristocracy which (this quarrel once removed) is strong in property, strong in the construction of our Legislature, strong in opinion, strong in ancient associations and the memory of immortal services."On the 10th of February, 1797, the French made a descent on the Welsh coast, which created much alarm at the time, and no less speculation as to its meaning. Four armed vessels, containing about fourteen hundred men, had appeared in the Bristol Channel, off Ilfracombe, in north Devon. They did not attempt to land there, but stood over to the Welsh coast, and landed in a bay near Fishguard. They were commanded by General Tate, and commenced marching inland, and the whole country was in alarm. Lord Cawdor marched against them with three thousand men, including a considerable body of militia, and they at once laid down their arms and surrendered without a shot. Many were the conjectures as to the object of this descent, and historians have much puzzled themselves about a matter which appears plain enough. The men looked ragged and wild, more like felons than soldiers, and were apparently not unwilling to be made prisoners. They were, no doubt, a part of the great Brest fleet meant for Ireland, which had been driven about by the tempests ever since they quitted that port on the 17th of December, and were only too glad to set foot on any land at all, and probably were by this time so famished and bewildered that they did not know whether they were in England or Ireland. Many of their comrades of the same unfortunate expedition never did see land again.

ONE:Nujeem-ul-Dowlah, their new puppet, proposed to have one Nuncomar as his Prime Minister, but Nuncomar was too great a rogue even for them. He had alternately served and betrayed the English, and his master, Meer Jaffier, and the Council set him aside, and appointed to that office Mohammed Reza Khan, a Mussulman of far better character. Clive confirmed the appointment of Mohammed, but compelled Nujeem-ul-Dowlah to retire from the nominal office of Nabob, on a pension of thirty-two lacs of rupees.Whilst the French had been thus beating the Austrians out of Italy, and thus rendering abortive our new and lavish subsidy to the Emperor, Ministers had been busy in the election of a new Parliament. This new Parliament assembled on the 6th of October, and was full of patriotism. As Hoche's army had not yet sailed, and as nobody seemed to know its destination, Pitt represented that it probably was for the coast of England, and called for the enrolment of fifteen thousand men from the parishes, half of whom were to be sent into the navy, and for sixty thousand militia and twenty thousand more yeomen cavalry, all which were carried. On the 26th of October Windham, as Secretary at War, announced the whole military force of the country at home and abroad, apart from the troops in the East Indies, which were raised and maintained by the Company, to be one hundred and ninety-six thousand men, and he demanded for their payment five million one hundred and ninety thousand pounds. On the 7th of November Pitt opened his Budget, requiring no less than twenty-seven million nine hundred and forty-five thousand pounds for the total expenditure of the year. There was another loan called for of eighteen million pounds, and though the terms were then considered low, such was the spirit of the nation that the amount was subscribed within two days. TWO:The revolutionary party in New York determined to carry them, and the revolutionary party in Pennsylvania the same, right or wrong. In Pennsylvania delegates insisted that those of their colleagues who were averse from the Declaration should absent themselves, and those favourable to it should attend and vote. From Delaware, one single delegate, C?sar Rodney, voted and decided the question in that province. The New York Assembly only nominally reconstructed its Provincial Congress. Instead of calling the electors together, as recommended by the report of the 28th of May, some of the freeholders and voters declared such of the old members as were willing to vote for the Declaration re-elected; and this irregular and clearly unconstitutional body attended and voted for the Declaration. Finally the moderate party, headed by John Dickinson, withdrew, and the Declaration was carried by one vote.

FORE: