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TWO:On the 1st of February the inquiry into the crimes of Warren Hastings was renewed. The third charge of the impeachment, the treatment of the Begums, was undertaken by Sheridan, as the first was by Burke, and the second by Fox. We have stated the facts of that great oppression, and they were brought out in a most powerful and dramatic light by Sheridan in a speech of nearly six hours. Sheridan had little knowledge of India; but he was well supplied with the facts from the records of the India House and the promptings of Francis, who was familiar with the country and the events. The effect of Sheridan's charge far exceeded all that had gone before it. When he sat down almost the whole House burst forth in a storm of clappings and hurrahs. Fox declared it the most astounding speech that he had ever heard, and Burke and Pitt gave similar evidence. The wit and pathos of it were equally amazing; but it was so badly reported as to be practically lost. The following remark, however, seems to be reported fairly accurately:��"He remembered to have heard an honourable and learned gentleman [Dundas] remark that there was something in the first frame and constitution of the Company which extended the sordid principles of their origin over all their successive operations, connecting with their civil policy, and even with their boldest achievements, the meanness of a pedlar and the profligacy of pirates. Alike in the political and the military line could be observed auctioneering ambassadors and trading generals; and thus we saw a revolution brought about by affidavits; an army employed in executing an arrest; a town besieged on a note of hand; a prince dethroned for the balance of an account. Thus it was they exhibited a government which united the mock majesty of a bloody sceptre and the little traffic of a merchant's counting-house��wielding a truncheon with one hand, and picking a pocket with the other." The debate was adjourned to the next day, for the House could not be brought to listen to any other person after this most intoxicating speech. The motion was carried by one hundred and seventy-five votes against sixty-eight.On the 26th the Houses adjourned for a month, for the Christmas recess, and during this time the treaties with France and Spain made rapid progress. The fact of America being now withdrawn from the quarrel, coupled with the signs of returning vigour in England��Rodney's great victory and the astonishing defence of Gibraltar��acted as a wonderful stimulant to pacification. Spain still clung fondly to the hope of receiving back Gibraltar, and this hope was for some time encouraged by the apparent readiness of Lord Shelburne to comply with the desire, as Chatham and Lord Stanhope had done before. But no sooner was this question mooted in the House of Commons than the public voice denounced it so energetically, that it was at once abandoned. On the 20th of January, 1783, Mr. Fitzherbert signed, at Versailles, the preliminaries of peace with the Comte de Vergennes, on the part of France, and with D'Aranda, on the part of Spain. By the treaty with France, the right of fishing off the coast of Newfoundland and in the Gulf of St. Lawrence was restored, as granted by the Treaty of Utrecht; but the limits were more accurately defined. The islands of St. Pierre and Miquelon, on the coast of Newfoundland, were ceded for drying of fish. In the West Indies, England ceded Tobago, which France had taken, and restored St. Lucia, but received back again Grenada, St. Vincent, Dominica, St. Kitt's, Nevis, and Montserrat. In Africa, England gave up the river Senegal and the island of Goree, but retained Fort St. James and the river Gambia. In India, the French were allowed to recover Pondicherry and Chandernagore, with the right to fortify the latter, and to carry on their usual commerce. They regained also Mah�� and the factory of Surat, with their former privileges. The articles in the Treaty of Utrecht, regarding the demolition of the fortifications of Dunkirk, were abrogated. Spain was allowed to retain Minorca and both the Floridas, but she agreed to restore Providence and the Bahamas. The latter, however, had already been retaken by us. She granted to England the right of cutting logwood in Honduras, but without the privilege of erecting forts or stock-houses, which rendered the concession worthless, for it had always been found that without these it was impossible to carry on the trade. With the Dutch a truce was made on the basis of mutual restoration, except as concerned the town of Negapatam, which Holland ceded. The preliminaries, however, were not settled till nearly eight months afterwards.

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