TWO:The success of the Waverley Novels turned the main force of the genius and literary resources of the country into the ever widening channel of prose fiction. Many names of note appeared before the public as novel writers about that time. In Scotland, under the immediate shadow of the author of "Waverley," came John Galt, Mrs. Johnstone, Miss Ferrier, the Ettrick Shepherd, Allan Cunningham, Gibson Lockhart, Picken, Moir. In Ireland, and of Irish birth, there were Colley, Grattan, Crofton Croker, Banim, Gerald Griffin, Samuel Lover, and last, though not least, William Carleton. In England, and chiefly of English birth, were Mrs. Shelley, Peacock, Thomas Hope, Theodore and James Hook, Morier, Lister, Ward, Gleig, Horace Smith, Miss Mitford, Mrs. Gore, Mrs. Trollope, Captain Marryat, and Mr. James.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.
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TWO:In the House of Commons, on the 21st of July, Mr. Bernal Osborne raised a discussion on the affairs of Hungary, and was followed by Mr. Roebuck, Colonel Thompson, and Lord Claud Hamilton: the latter denounced the conduct of Kossuth as "infamous." This debate is memorable chiefly on account of Lord Palmerston's great speech on the causes of the revolutions of 1848. In reply to the eulogiums upon the Austrian Government, the noble lord stated that Austria, in the opinion of a great part of the Continent, had been identified with obstruction to progress, resistance to improvement, political and social; and it was in that capacity she won the affections of the Tories. He regarded the conduct of such men as an example of "antiquated imbecility." He firmly believed that in the war between Austria and Hungary there were enlisted on the side of Hungary the hearts and souls of the whole people of that country. He took the question then being fought for on the plains of Hungary to be this, whether that country should maintain its separate nationality as a distinct kingdom with a constitution of its own, or be incorporated in the empire as an Austrian province. If Hungary succeeded, Austria would cease to be a first-rate European power. If Hungary were entirely crushed, Austria in that battle would have crushed her own right arm. Every field that was laid waste was an Austrian resource destroyed. Every Hungarian that perished upon the field was an Austrian soldier deducted from the defensive forces of the empire. "It is quite true," continued the noble lord, "that it may be said, 'Your opinions are but opinions; and you express them against our opinions, who have at our command large armies to back themwhat are opinions against armies?' Sir, my answer is, opinions are stronger than armies. I say, then, that it is our duty not to remain passive spectators of events that in their immediate consequences affect other countries, but in their remote and certain consequences are sure to come back with disastrous effect upon ourselves; that so far as the courtesies of international intercourse will permit us to do so, it is our dutyespecially when our opinion is asked, as it has been on many occasions on which we have been blamed for giving itto state our opinions, founded on the experience of this countryan experience that might be, and ought to have been, an example to less fortunate countries. We are not entitled to interpose in any manner that will commit this country to embark in those hostilities. All we can justly do is to take advantage of any opportunities that may present themselves, in which the counsels of friendship and peace may be offered to the contending parties.... Sir, to suppose that any Government of England can wish to excite revolutionary movements in any part of the worldto suppose that England can have any other wish or desire than to confirm and maintain peace between nations, and tranquillity and harmony between Governments and subjectsshows really a degree of ignorance and folly which I never supposed any public man could have been guilty ofwhich may do very well for a newspaper article, but which it astonishes me to find is made the subject of a speech in Parliament." The noble lord sat down amidst much cheering. Lord Dudley Stuart said that he looked upon the speech which had been delivered by Mr. Osborne, followed up as it had been by Mr. Roebuck and Lord Palmerston, as one of the most important events of the Session.On the 14th of September the French army came in sight of Moscow, and the soldiers, worn down and miserable with their long and severe march, shouted with joy, "Moscow! Moscow!" They rushed up the hill called the Mount of Salvation, because there the natives coming in full view of the city kneel and cross themselves. There the splendid spectacle of the widely-spread ancient capital lay before their eyes, with its spires of thirty churches, its palaces of Eastern architecture, and its copper domes glittering in the sun. Interspersed were beautiful gardens, and masses of noble trees, and the gigantic palace of the Kremlin rising above in colossal bulk. All were struck with admiration of the place which had so long been the goal of their wishes. Napoleon himself sat on his horse surveying it, and exclaimed, "Behold at last that celebrated city!" But he immediately added, in an under-tone, "It was full time!" He expected to see trains of nobles come out to throw themselves at his feet and offer submission; but no one appeared, and not a sign of life presented itself, no smoke from a single chimney, not a man on the walls. It looked like a city of the dead. The mystery was soon solved by Murat, who had pushed forward, sending word that the whole population had abandoned Moscow! Two hundred and fifty thousand people had forsaken their home in a mass! The tidings struck the invader with wonder and foreboding; but he added, smiling grimly, "The Russians will soon learn better the value of their capital." He appointed Mortier governor of the place, with strict orders that any man who plundered should be shot; he calculated on Moscow as their home for the winterthe pledge of peace with Alexanderthe salvation of his whole army. But the troops poured into the vast, deserted city, and began everywhere helping themselves, whilst the officers selected palaces and gardens for residences at pleasure.
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FORE:ARREST OF SIR FRANCIS BURDETT. (See p. 597.)
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FORE:What a totally different species of composition was the "Vicar" to the tale of "Rasselas," published by his friend Dr. Samuel Johnson (b. 1709; d. 1784), the great lexicographer, seven years before! This was conceived in the romantic and allegoric spirit of the time"The Ten Days of Seged," "The Vision of Mirza," and the like. It was laid in the south, but amid Eastern manners, and didactic in spirit and ornate in style. It was measured, and graceful, and dulltoo scholastic to seize on the heart and the imagination. On a nature like Goldsmith's it could make no impression, and therefore leave no trace. The one was like a scene amid palm trees, and fountains, and sporting gazelles; the other like a genuine English common, on which robust children were tumbling and shouting, amid blooming gorse, near the sunny brook, with the lark carolling above them. There is no country in Europe, scarcely in the world, where letters are known, which has not its translation of the "Vicar of Wakefield." Even in England, "Rasselas" is almost forgotten.
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FORE:On the 1st of March Mr. Villiers, adhering to his principle, brought forward the last of those annual motions for immediate repeal which had contributed so powerfully to undermine the Corn Laws. After a spirited debate of two evenings, in the course of which Mr. Cobden warned the monopolist party that a protracted resistance would compel the Anti-Corn-Law League to maintain its agitation and concentrate its energies, the House rejected the motion by a majority of 267 to 78.
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FORE:The point, however, which excited the most indignation was that regarding Gibraltar. There was a strong feeling in the public mind that the Government was willing to give up this fortress to Spain. The Spanish Government was extremely urgent on the subject, declaring that there could be no peace, no truce with England, until it was surrendered. It was recollected by the English public that Stanhope had actually offered to give it up, and it was not known whether any equivalent except the signing of the Quadruple Alliance had been demanded. The Opposition in the House of Lords moved, "That effectual care be taken in any treaty that the King of Spain do renounce all claims to Gibraltar and Minorca in plain and strong terms." The Ministers, however, carried a more moderate resolution"That the House relies on his Majesty for preserving his undoubted right to Gibraltar and Minorca." A similar discussion with a similar result took place in the Commons. The Government saw plainly that nothing would induce the British people to relinquish this important station.
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