THREE:The honour conferred upon Ireland and Hanover by the royal visits had excited the jealousy of Scotland; and the most ardently loyal of the nobility and people of that country were extremely desirous that a similar honour should be conferred upon them. The king complied with their request, and started on the 10th of August. "There were great preparations," says Lord Eldon, "to make his embarkation and voyage down the river one of the finest exhibitions ever seen upon the surface of old Father Thames." The river and its banks, from London to Greenwich, appeared in the highest state of animation, swarming with human life and gay with brilliant decorations. A party of hussars, guarding a plain carriage, were his Majesty's only equipage. The shouts of the different groups of spectators attended his progress along the road to Greenwich, until the royal standard floating over the Hospital announced his arrival. Thousands of voices hailed him as the yacht departed with a favourable breeze; and as he passed Woolwich a royal salute was fired, and the regiment on duty at the Arsenal presented arms. At Tilbury Fort, Southend, and Sheerness he met with lively demonstrations of loyalty. At the last named place the Lord Mayor, and other authorities who had escorted him down the river, parted from the royal squadron and returned in their barge to town. The tide now checked the king's progress, and the ships lay-to in the channel till morning. At Harwich, Scarborough, and other places, crowds of people put off in boats as the squadron neared the shore. It was twice becalmed; and it was not till the 14th that the Royal George cast anchor off Leith.
FORE:These three eventsthe death of the Duke of York, the appointment of Mr. Canning as Prime Minister, and the entire remodelling of the Cabinet on Liberal principlessucceeding one another so rapidly in the early months of 1827, were regarded as the turning-points in the modern history of England, and fraught with most momentous consequences. The first changed the Heir-Apparent to the Throne, and for an obstinate bigot substituted a prince of popular sympathies. The second represented the triumph of intellect and public opinion over rank and monopoly. "Changes so vast," writes Sir Archibald Alison, "could not fail to exercise a powerful influence on the course of events in future times. The magnitude of the change appeared in the most decided manner when the Ministerial explanations usual in such cases took place in Parliament. Both Houses were crowded to excess, both in the highest degree excited, but the excitement in the two was as different as the poles are asunder: in the Commons it was the triumph of victory, in the Peers the consternation of defeat. So clearly was this evinced that it obliterated for a time the deep lines of party distinction, and brought the two Houses, almost as hostile bodies united under different standards, into the presence of each other. The Commons rang with acclamations when the new Premier made his triumphant explanation from the head of the Ministerial bench; but they were still louder when Mr. Peel, from the cross benches, out of office, said, 'They may call me illiberal and Tory, but it will be found that some of the most necessary measures of useful legislation of late years are inscribed with my name.' The tide of reform had become so strong that even the avowed Tory leaders in the Lower House were fain to take credit by sailing along with it. In the House of Lords, on the other hand, the feeling of the majority was decidedly hostile to the new Administration, and that not merely on the Tory benches, where it might naturally have been looked for, but among the old Whig nobility, who had long considered Government as an appendage of their estates. It was hard to say whether the old peers on both sides responded more strongly to the Duke of Wellington's and Lord Eldon's explanation of their reasons for declining to hold office, or to Earl Grey's powerful and impassioned attack on the new Premier. The division of the two Houses was clearly pronounced; the one presaged its approaching triumph, the other its coming downfall. The secret sense of coming change had raised their numbers in unwonted combinations, and the vital distinction of interest and order had for the time superseded the old divisions of party."
FORE:Such were the advantages now possessed by the British over the French commander, that both the Portuguese and people at home were impatient that Wellington should at once attack and annihilate Massena's army. But Wellington knew better. He knew that a great battle, or battles, must vastly reduce his own as well as Massena's army. He knew that France could readily march down eighty or a hundred thousand fresh men into Portugal at extremity, but that Great Britain could not so readily do that; and, should the Whigs come into power, as was probable, he could not calculate on any support at all. The king now hopelessly insane, the Prince of Wales must be soon appointed Regent, and then, perhaps, would come in his friends the Whigs. There were many other considerations which made Wellington refuse to accede to a general attack on the French at present. He had, as it was, trouble enough with the Junta; but, should any reverse occur, his situation then would be intolerable. Just now the Portuguese troops were in good spirits for fighting, but defeat would ruin all the progress yet made with them. He knew that the winter would do for the French army all that he expected without any cost to himself, and he waited for that, ready then to follow up the advantages it would give him. It was his great plan of operations which already reduced them to the dilemma in which they were, and now came winter and did the rest, fully showing his superior sagacity. In November the weather became and continued wretched in the extreme. The country was flooded, cutting off the precarious supplies of the French, but adding strength to the encampment of Torres Vedras. The cross roads were impassable for artillery, and all but impassable for waggons bringing provisions, which had to be hunted for far and wide, with incredible hardships and little success. Leaving the hostile armies in this position till the spring, we must notice other important matters.
FORE:The marquis answered that he had received his letter, informing him of the king's intention to release him from the Government of Ireland, and that he held himself in readiness to obey his Majesty's commands the moment he received them. He did receive them, on the 10th of January, in a formal letter of recall from the Home Secretary.Mr. Vansittart introduced some financial measures which effected a material saving. He proposed a plan for reducing the interest of the Navy Five per Cents. to four per cent. Holders not signifying their dissent were to have one hundred and five pounds in a New Four per Cent. stock, and persons dissenting were to be paid off in numerical order. By this scheme an annual saving to the public of one million one hundred and forty thousand pounds would be effected; besides a further saving of upwards of ninety thousand pounds of annual charge, which would be gained by similar reduction of the Irish Five per Cents. The high prices of the public funds obviated all difficulty in the execution of this financial operation, and the holders of the Five per Cent. stock found it expedient to acquiesce in the Minister's terms. The dissentients were in number only one thousand seven hundred and seventy-eight, and the stock held by them amounted to two million six hundred and fifteen thousand nine hundred and seventy-eight pounds, not a fifteenth part of the Five per Cent. capital. Another operation related to what was called "The Dead Weight Annuity." The amount of military and naval pensions and civil supernumeraries was about five millions annually. Accordingly Mr. Vansittart brought forward an amended scheme for relieving the immediate pressure of this dead weight by extending it over a longer term of years than the natural lives of the annuitants. For this purpose an annuity of two million eight hundred thousand pounds was appropriated out of the existing revenue for forty-five years, invested in trustees for the discharge of the then payments, which for that year were estimated at four million nine hundred thousand pounds, subject to a yearly diminution by deaths. It was computed that, according to the ordinary duration of human life, the annuities for the lives of the then holders would be equal to the annuity of two million eight hundred thousand pounds for forty-five years. The trustees were therefore empowered to sell from time to time such portions of this annuity as would provide the funds required for the payment of the dead weight, according to a computation made of the amount which would probably be due in each year. The Bank of England became the contractor for a portion of the annuity. There was no novelty of principle in the project; it was only the old one of anticipating distant resources by throwing the burden of the existing generation on the next. It had the further disadvantage of incurring a useless expense for management; whereas the Sinking Fund, amounting at the time to about five millions, might have been applied to existing exigencies, and a real saving effected.
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