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The distress which had pressed so severely on the people, and which had set them thinking about the most perilous political changes, was intimately connected with the state of the country. Throughout the troubled period of almost incessant war and lavish expenditure between 1797 and 1815, the business of the nation was carried on with an inconvertible paper currency, the precious metals having nearly all departed from the country. Bank notes were issued in such quantities, to meet the exigencies of the Government, that the prices of all commodities were nearly doubled. The Bill which was passed in 1819 providing for the resumption of cash payments had reduced the currency from 48,278,070, which was its amount in 1819, to 26,588,000, in 1822. The consequence was the reduction of prices in the meantime, at the rate of fifty per cent., in all the articles of production and commerce. With this tremendous fall of prices, the amount of liabilities remained unchanged; rents, taxes, and encumbrances were to be paid according to the letter of the contract, while the produce and commoditiesthe sale of which was relied upon to pay themdid not produce more than half the amount that they would have brought at the time of the contracts. The evil of this sudden change was aggravated by the South American Revolution, in consequence of which the annual supply of the precious metals was reduced to a third of its former amount. It was peculiarly unfortunate that this stoppage in the supply of gold and silver occurred at the very time that the Legislature had adopted the principle that paper currency should be regarded as strictly representing gold, and should be at any moment convertible into sovereigns. A paper currency should never be allowed[238] to exceed the available property which it represents, but it is not necessary that its equivalent in gold should be lying idle in the coffers of the Bank, ready to be paid out at any moment the public should be seized with a foolish panic. It is enough that the credit of the State should be pledged for the value of the notes, and that credit should not be strained beyond the resources at its command. The close of 1822 formed the turning-point in the industrial condition of the country. The extreme cheapness of provisions, after three years of comparative privation, enabled those engaged in manufacturing pursuits to purchase many commodities which they had hitherto not been able to afford. This caused a gradual revival of trade, which was greatly stimulated by the opening of new markets for our goods, especially in South America, to which our exports were nearly trebled in value between 1818 and 1823, when the independence of the South American Republics had been established. The confidence of the commercial world was reassured by the conviction that South America would prove an unfailing Dorado for the supply of the precious metals. The bankers, therefore, became more accommodating; the spirit of enterprise again took possession of the national mind, and there was a general expansion of industry by means of a freer use of capital, which gave employment and contentment to the people. This effect was materially promoted by the Small Note Bill which was passed in July, 1822, extending for ten years longer the period during which small notes were to be issued; its termination having been fixed by Peel's Bill for 1823. The average of bank-notes in circulation in 1822 was 17,862,890. In November of the following year it had increased by nearly two millions. The effect of this extension of the small note circulation upon prices was remarkable. Wheat rose from 38s. to 52s., and in 1824 it mounted up to 64s. In the meantime the bullion in the Bank of England increased so much that whereas in 1819 it had been only 3,595,360, in January, 1824, it amounted to 14,200,000. The effect of all these causes combined was the commencement of a reign of national prosperity, which burst upon the country like a brilliant morning sun, chasing away the chilling fogs of despondency, and dissipating the gloom in the popular mind.

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The slowness with which the Government became aware of these proceedings is something astonishing in these days of telegraphs and railroads. Though Charles sailed on the 2nd of July, it was not till the 30th of the same month that Lord Tweeddale, the Scottish Secretary of State in London, was informed even that he had left Nantes. Sir John Cope was the commander of the forces in Scotland, and he immediately gave orders for drawing[94] together such troops as he had to Stirling. These were extraordinarily few. There were two regiments of dragoons, Gardiner's and Hamilton's, but both recent in the service; and the whole force at his disposal, exclusive of garrisons, did not amount to three thousand men. Cope was eager enough to march into the Highlands, even with such forces as he had, and crush the insurrection at once. He proposed this apparently active and judicious scheme to the Lords Justices in England, George II. himself being at Hanover, and they warmly approved of it, and issued their positive orders for its execution. It was, in truth, however, the most fatal scheme which could be conceived. The spirit of rebellion was fermenting in every glen and on every hill, and to march regular troops into these rugged fastnesses was only to have them shot down by invisible marksmen on all hands, and reduced to the extremity of the two companies already captured. The plan was to have secured all the passes into the Lowlands, to have drawn his forces to the foot of the mountains wherever a descent could be made, and blockade the rebels in their own hills till they should be reduced by gradual approaches and overwhelming numbers. Famine, indeed, would soon have tamed any large body of men in those sterile regions.THE ROYAL PALACE, MADRID. (From a Photograph by Frith & Co.)
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THREE:CHARTISTS AT CHURCH. (See p. 456.)
THREE:[See larger version]
ONE:Parliament, which had been prorogued for a few days on account of the demise of the king, assembled on the 18th of November. The king delivered a speech, composed by Lord Hardwicke, and revised by Pitt, and containing a passage, said to be inserted by himself, as follows:"Born and educated in this country, I glory in the name of Briton!" In the addresses these words produced the most enthusiastic responses. "What a lustre," exclaimed the Lords, "doth it cast upon the name of Briton, when you, sir, are pleased to esteem it amongst your glories!" For the rest, the speech expressed the royal determination to prosecute the war with all vigour; praised the magnanimity and perseverance of his good brother, the King of Prussia; and recommended unanimity of action and opinion in Parliament. Nothing could appear more unanimous or more liberal than Parliament.
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BY: ADMIN | 05.01.2013

TWO:Marshal Villars, like the French plenipotentiaries, had made a great display of forces, pretty certain, from private information, that there was little fear of being attacked. The Allies had a fine army of one hundred and twenty thousand men opposed to him; but so far as the English were concerned, their commander had his hands tied. The Duke of Ormonde was sent to take the place of the Duke of Marlborougha certain indication that he was meant only for a mere show general. He was a staunch Jacobite, but no general of talents or experience fit to succeed a man like Marlborough. On arriving at the Hague he assured the States General that his instructions were to act zealously with the Allies, and especially the Dutch, and from his letters it would appear that such were his orders. But before his arrival, Mr. Thomas Harley, a relative of Oxford's, and the Abb Gualtier, had reached the Hague, and had assured the plenipotentiaries that the Government had determined on peace, and would not allow the army to fight. They also brought over with them the scheme of the Treaty, which was not yet to be made known to the Dutch. But the States General were too well aware of the hollow proceedings of the English Court, and, disgusted at the withdrawal of Marlborough and the substitution of Ormonde, they would not entrust their troops to him, but appointed Eugene as their own general. Thus, instead of one generalissimo of consummate genius, the army was divided under two chiefs, the abler chief, the Prince Eugene, having the utmost contempt for the martial talents of his colleague. All on the part of England, both in the conference and in the army, was hollow, treacherous, and disgraceful. Yet, though there was to be no fighting, the pretence of it was kept up. The Earl of Albemarle marched with a detachment of the army to Arras, where he burnt and destroyed some magazines of the French. Ormonde, too, joined Prince Eugene on the 26th of May, and the united army passed the Scheldt, and encamped between Haspres and Solennes. Eugene proposed to attack Villars in his lines, and Ormonde consented to it, but he immediately received a peremptory order from Mr. Secretary St. John against engaging in any siege or battle, and he was directed to keep this order profoundly secret from the Allies. Ormonde was also instructed that if Villars should intimate that he was aware of these secret proceedings, he was to take no notice of them; nor was Villars long in letting him know that they might now consider each other as friends. The situation of Ormonde thus became one of extreme embarrassment. On the one hand, Eugene urged him to prepare for an engagement; on the other, the Dutch were impatient to see some stroke which should humble the French and make negotiation more easy; but Ormonde was as unable to move, notwithstanding previous assurances, as if he had been a mere image of wood. He wrote to St. John, expressing in strong terms the embarrassing nature of his situation, assuring him that the Dutch were exclaiming that they were betrayed; but St. John encouraged him to hold out as well as he could, and Ormonde condescended to play this false and degrading part, equally disgraceful to him as a general and a man of any pretences to honour. The prince urged forward the necessity of laying siege to Quesnoy, and Ormonde was allowed, for the sake of keeping up appearances, to furnish a considerable detachment for the purpose. But there was so evident a backwardness in the duke's movements, that the Dutch deputies complained vehemently to the English plenipotentiaries at Utrecht of his refusal to act in earnest against the enemy. Thereupon Robinson, the bishop, took high ground, and retorted that the States General had met the queen's proposals for peace so strangely, that her Majesty now felt herself released from any further obligation to maintain the treaties and engagements between herself and them. This roused the States to great and indignant activity. They entered into communication with the Electors of Hanover, of Hesse-Cassel, and other princes of the Empire, regarding the effective service of their troops in the pay of Great Britain. They sent off warm remonstrances to the Queen of England, and Anne was obliged to summon a council, in which it was agreed that Ormonde should appear as much as possible to concur with Eugene in the siege.

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BY: ADMIN | 05.01.2013

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BY: ADMIN | 05.01.2013

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THREE:VIEW IN THE OLD TOWN, WARSAW.

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FORE:But the great glory of this session was not the exposure of Davison and his fellow thieves, but the stop put to the operations of a much larger class of rascals. The death of Fox had been a sad blow to Wilberforce and the abolitionists, who had calculated on his carrying the prohibition of the slave trade; but Lord Grenville and his Cabinet seemed to have made up their minds to have the fame of achieving the grand object of so many years' exertion for the suppression of the African slave trade. Wilberforce, to his inconceivable joy, discovered that Spencer Perceval, the leader of the Opposition, and his party were willing to co-operate for this purpose. The king and royal family alone remained as adverse to the abolition of slavery as they were to the emancipation of the Catholics. The abolitionists, however, had so imbued the country with the sense of the barbarity and iniquity of the traffic, that royal prejudice could no longer swamp the measure, nor aristocratic apathy delay it. Lord Grenville brought in a Bill for the purpose into[532] the Peers on the 2nd of January, 1807: the 12th was fixed for the second reading. Before this took place, counsel was heard at the bar of the House against the measure, who repeated all the terrible prognostics of ruin to the West Indies and to Britain from the abolition, with which the planters and proprietors of the West Indies, the merchants and slave captains of Liverpool and Bristol, had so often endeavoured to alarm the nation. The emptiness of these bugbears had, however, been now too fully exposed to the people by the lectures, speeches, and pamphlets of the Abolition Society, and Wilberforce had all along merely to use the arguments in Parliament with which they had abundantly furnished him. Lord Grenville now introduced the second reading by an elaborate speech, in which he condensed and summed up these arguments. He was warmly supported by the Duke of Gloucestera liberal exception to his familyby Lords King, Selkirk, Rosslyn, Northesk, Holland, Suffolk, Moira, and the Bishops of Durham, London, and others. The Dukes of Clarence and Sussex as zealously opposed him, as well as Lords Sidmouth, Eldon, Ellenborough, Hawkesbury, St. Vincent, and many others. The second reading was carried, after a debate which continued till five o'clock in the morning, by one hundred against thirty-six. The third reading was also carried with equal ease, and the Bill was brought down to the Commons on the 10th of February. Lord Howick proposed its reading in an eloquent speech, and it was opposed, with the usual prediction of ruin, by Mr. George Hibbert, Captain Herbert, and General Gascoyne, who said the nation was carried away by sentimental cant, the result of an enormous agitation by the Quakers and Saints. The first reading, however, passed without a division, and the second on the 24th of February, by two hundred and eighty-three against sixteen. The House gave three cheers. Seeing the large majority, and that the Bill was safe, Lord Grenville recommended Wilberforce to strengthen it by inserting the penalties, which he did; but they left a great advantage to the slave merchants by allowing them to clear out their vessels from Great Britain by the 1st of May, and gave them time to deliver their human cargoes in the West Indies till the 1st of January, 1808a liberty which was sure to create a great sending out of vessels for the last occasion, and a fearful crowding of them. However, the accursed trade was now doomed, as far as British merchants could go, though it was soon found that it was not so easy to suppress it. When it was seen that the Bill must pass, Lords Eldon, Hawkesbury, and Castlereagh, who had hitherto opposed it, declared themselves in favour of it. It was carried in both Houses by large majorities, and received the royal sanction on the 25th of March. So easily was the Bill passed, at last, that Lord Percy, the day after it had left the Commons, moved in that House for leave to bring in a Bill for the gradual emancipation of the slaves; but this being deemed premature, and calculated to injure the operation of the Bill for the abolition of the trade, and to create dangerous excitement in the West Indies, the motion was discouraged, and so was dropped.
FORE:The purport of these Cabinet Councils was generally understood by the country; but as yet only the most sanguine anticipated the proposal of Sir Robert Peel, when the Times newspaper on the 4th of December announced, apparently from secret information, that it was the intention of the Government to repeal the Corn Laws, and to call Parliament together in January for that purpose. The assertion was received with incredulity, not only by the Opposition, but by the Ministerial journals. One organ of the Tory party placarded its office with a bill, headed "Atrocious fabrication of the Times!" But the latter journal, on the following day, declared that it "adhered to its original announcement." Day by day the controversy raged in the newspapers; but the news was too probable not to gain credence. The result was a conviction throughout the country that the Times had really obtained information of the Government's intentions; but as a matter of fact its information was incorrect, as the Cabinet, far from intending to repeal the Corn Laws, had made up its mind to retire.RICHARD BRINSLEY SHERIDAN. (After the Portrait by Sir Joshua Reynolds.)
FORE:The second reading was moved on the 14th by Lord Althorp, the Chancellor of the Exchequer. Lord Porchester moved that the Bill be read a second time that day six months. His motion was supported by Sir Edward Sugden. Sir Robert Peel had taunted the Government with inconsistency in adopting alterations, every one of which they had resisted when proposed by the Opposition. Mr. Macaulay retaliated with powerful effect, with respect to the conduct of the Tories on the question of Catholic Emancipation. On a division the numbers were, for the second reading, 324; against it, 162majority, 162. The House of Commons having thus carried the Reform[347] measure a third time by an increased majority, which was now two to one, the House was adjourned to the 17th of January, when it resumed its sittings. On the 19th of that month the Irish Reform Bill was brought in by Mr. Stanley, and the Scottish Bill by the Lord Advocate. On the 20th the House resolved itself into a committee on the English Bill, and continued to discuss it daily, clause by clause, and word by word, pertinaciously and bitterly wrangling over each, till the 10th of March, when the committee reported. The third reading was moved on the 19th, when the last, and not the least violent, of the debates took place. The Bill was passed on the 23rd by a majority of 116, the numbers being 355 and 239.[210]
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.
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We return now to the American campaign. Sir Henry Clinton, at the close of the year 1779, proceeded to carry into effect his plan of removing the war to the Southern States. The climate there favoured the project of a winter campaign, and, on the day after Christmas Day, Sir Henry embarked five thousand men on board the fleet of Admiral Arbuthnot. But the weather at sea at this season proved very tempestuous, and his ships were driven about for seven weeks. Many of his transports were lost, some of them were taken by the enemy; he lost nearly all the horses of the cavalry and artillery, and one vessel carrying the heavy ordnance foundered at sea. It was the 11th of February, 1780, when he landed on St. John's Island, about thirty miles from Charleston. He then planned the investment of Charleston with Admiral Arbuthnot; but he was not on good terms with that officer, and this threw great impediments in the way of prompt action. It was the 1st of April before they could break ground before the city. Once begun, however, the siege was prosecuted with vigour. Lord Cornwallis was sent to scour the country, and so completely did he effect this, that Lincoln was compelled to offer terms of surrender. These were considered too favourable to the Americans, and the siege continued till the 11th of May, when the English were doing such damage to the town, and the inhabitants suffering so much, that they threatened to throw open the gates if Lincoln did not surrender. In this dilemma, Lincoln offered to accept the terms proposed by Clinton before, and the British general assented to his proposal. On the 12th of May the Americans grounded their arms. The news of this blow, which laid the whole south open to the English, carried consternation throughout the States; and, arriving in England at the close of the Gordon riots, seemed to restore the spirits of the British.But the new Government met its Nemesis in Ireland. O'Connell and the priests were resolved that, so far as in them lay, Protestant ascendency should not be re-established in that country. The Anti-Tory Association was but one of many names and forms which the Protean agitation had assumed, and all were brought to bear with concentrated power upon every point to secure the defeat of the Ministerial candidates. Minor differences were sunk for the occasion, and all forces were combined against the Government. The consequence was that amongst the large constituencies the cause of Reform was almost everywhere successful. In Kerry, in Meath, in Youghal, and Tralee, the candidates returned were the sons and nephew of O'Connell. He himself stood a severe contest for Dublin, and was returned with Mr. Ruthven, but was unseated on petition. It was during this contest that he recommended that a "death's head and cross-bones" should be painted on the door of every elector who would support the "nefarious and blood-stained" tithe system.The year 1800 opened in the British Parliament by a debate on an Address to the king, approving of the reply to an overture for peace by Buonaparte, as First Consul of France. The letter addressed directly to the king was a grave breach of diplomatic etiquette, and was answered by Lord Grenville, the Secretary for Foreign Affairs, in a caustic but dignified tone. A correspondence ensued between Lord Grenville and M. Talleyrand, as French Minister for Foreign Affairs; but it ended in nothing, as the British Minister distinctly declined to treat. If Buonaparte had been sincerely desirous of peace, he must have withdrawn the French army from Egypt, as it was there with the open declaration of an intention to make that country a stepping-stone to India. But, so far from this, Buonaparte was, at the same moment, preparing to make fresh and still more overwhelming invasions of Italy, Switzerland, and Germany, and the proposal was simply made to gain time.
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