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FORE:It was with this object that Mr. Pierce Mahony got up the celebrated "Leinster declaration," so called from the signature of Ireland's only duke. But the experiment served only to reveal the weakness of the moderate party, for after lying for signature in Latouche's Bank for two months, only forty-two names were attached to it within that period. When, however, the struggle between the two parties was on the point of having a bloody issue, the alarm spread through the ranks of moderate men on both sides, and the document rapidly received signatures. The declaration set forth that the disqualifying laws which affected Roman Catholics were productive of consequences prejudicial in the highest degree to the interests of Irelandthe primary cause of her povertythe source of political discontents and religious animositiesdestructive alike of social happiness and national prosperity. Unless the legislature should speedily apply a remedy to those evils, they must in their rapid progression assume such a character as would, perhaps, render their removal impossible. It was stated, therefore, to be a matter of paramount importance that the whole subject should be taken into immediate consideration by Parliament, "with a view to such a final conciliatory adjustment as may be conducive to the peace and strength of the United Kingdom, to the stability of our national institutions, and to the general satisfaction and concord of all classes of his Majesty's subjects."
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FORE:When the Peers assembled on the 7th it became quite evident that in allowing the Bill to go into committee they were only practising a man?uvre. In the first place they wished to prevent the creation of peers, and in the second they were resolved to mutilate the Bill in committee. They were aware that they had the sympathy of the king in this plot, and that he would have been glad of their success, irritated as he was by the coercion and pressure put upon him by his Ministers. The first step was taken by Lord Lyndhurst, who proposed in committee to defer the consideration of the disfranchising clauses till the enfranchising clauses had been considered. "Begin," he said, "by conferring rights and privileges, by granting boons and favours, and not by depriving a portion of the community of the privileges which they at present enjoy." This ostentatious preference of boons and favours for the people, postponing disfranchisement to enfranchisement, ringing changes on the words, was a mere artifice, but it was at once seen through by the indignant people. Lord Grey and Lord Brougham promptly exposed the attempted imposition; the former hoped the noble lords would not deceive themselves. He would not say that the proposal was insidious, but its object was utterly to defeat the Bill. He declared that if the motion were successful it would be fatal to the whole measure. It would then be necessary for him to consider what course he should take. He dreaded the effect of the House of Lords opposing itself, as an insurmountable barrier, to what the people thought necessary for the good government of the country. The noble earl's warning was on this occasion disregarded. The House being in committee proxies could not be counted, and the amendment of Lord Lyndhurst was carried after an angry debatecontents, 151; non-contents, 116; majority, 35. This division put a sudden stop to the proceedings in committee. Lord Grey at once proposed that the chairman should report progress, and asked leave to sit again on the 10th. Lord Ellenborough endeavoured to dissuade him from this course, and proceeded to give a description of the measure which he was prepared to substitute for the Ministerial Bill, and which he presumed to hope would be satisfactory to the country. This was a critical moment in the destiny of England, and the awful nature of the crisis seemed to be felt by all present, except those who were blinded by faction. Lord Grey had now but one alternative, a large creation of peers or resignation. With a majority against him in the Lords so refractory, nothing could be done; but the king declined to create the fifty peerages which the Ministry demanded. Accordingly, on Wednesday,[350] the 9th of May, the resignation of the Ministers (and the king's acceptance of it) was formally announced by Lord Grey in the House of Lords, and by Lord Althorp in the House of Commons. Lord Ebrington immediately rose, and gave notice that he would next day move a call of the House, and then an Address to his Majesty on the present state of public affairs. In the course of the debate which ensued, attempts were made by Mr. Baring and Sir Robert Peel to excite sympathy for the Lords, as taking a noble stand against the unconstitutional pressure upon the king for the creation of peers, but in vain. Neither the House of Commons nor the country could be got to give them credit for any but the most selfish motives. They considered their obstinacy to be nothing better than the tenacity of the monopolists in power. Mr. Macaulay indignantly denounced their inconsistency in pretending that they wished to carry a measure of Reform. The influence of the Crown, always powerful, was visible in the division on Lord Ebrington's motion. The "ayes" were only 288 instead of the 355 that carried the third reading of the Reform Bill. There were evidently many defaulters; but woe to them at the next general election! Rigid scrutiny was instituted, and a black list made out of those who had deserted their constituents on this momentous question. In the meantime the most angry remonstrances came to absent members from their constituents. The motion, however, was carried by a majority of 80. It was evidently a relief to the king to get rid of the Whigs; and he knew so little of the state of public feeling as to suppose that a modified Reform measure, a mere pretence of Reform, would satisfy the country. He therefore sent for Lord Lyndhurst in order to consult him, assigning the reason, that being now Chief Baron, he was removed from the vortex of politics, although he had led the Opposition in their successful attack upon the Ministerial measure. The first thing Lord Lyndhurst did was to wait upon the Duke of Wellington and Sir Robert Peel, to both of whom he stated the views of the king. His Majesty insisted that some extensive measures of Reform should be carried. "My advice to the king," said the Duke, "was not to reappoint his late Ministry, nor was it to appoint myself. I did not look to any objects of ambition. I advised him to seek the assistance of other persons well qualified to fill the high situations of the State, expressing myself willing to give his Majesty every assistance, whether in office or out, to enable him to resist the advice which had been given him." The Premiership was offered to Sir Robert Peel, but he peremptorily declined to take such a perilous position, declaring that "no authority nor example of any man, nor any number of men, could shake his determination not to accept office, under existing circumstances, upon such conditions." On the 12th of May the Duke undertook to form an Administration, taking the post of Prime Minister himself. Mr. Manners Sutton was to be leader of the Commons, Lord Lyndhurst Chancellor, and Mr. Baring Chancellor of the Exchequer. For five days the courageous Duke was engaged in a desperate effort to form a Cabinet. But no sooner was it known throughout the country than a terrific storm of popular fury burst forth, which threatened to blow down the House of Peers and sweep away the Throne. The king, from being the popular idol, became suddenly an object of popular execration. The queen, who had also been a great favourite with the people, attracted a large share of the odium excited against the Court. It was understood that her influence had much to do in causing the king to desert Lord Grey, and to break faith with him with regard to the creation of peers. The king and queen were groaned at and hissed, and pursued with tremendous noises by the people, while passing through the town of Brentford. Dirt was hurled at the royal carriage; and if the military escort had not kept close to the windows, it is probable their majesties would have sustained personal injury. Along the road to London the people expressed their feeling in a similar manner; and when the carriage entered the Park the mob saluted their majesties with yells and execrations of every description.[158]
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FORE:At the commencement of the Session a notice of a motion of want of confidence in the Ministry was given by Sir John Yarde Buller. He assigned as reasons for bringing forward the motion the disturbed and unsatisfactory state of the country, which he ascribed to the system of popular agitation, "nurtured and fostered," as he alleged, by the Ministers during the preceding two years. After a debate of four consecutive nights the motion was rejected by 308 votes to 287. The division was fairly satisfactory, and another source of gratification to the Ministry was the passing of the Irish Municipal Bill, which became law in spite of a characteristic protest from Bishop Phillpotts, who regarded the measure "as a deliberate and wilful abandonment of the cause of true religion which had provoked the justice of Almighty God and given too much reason to apprehend the visitation of Divine vengeance for this presumptuous act of national disobedience." In this Session Sir Robert Peel at last terminated the scandals connected with election committees by a plan which authorised the Speaker to appoint a general committee of elections, with the duty of selecting election committees to try each particular[471] case. Sir Francis Baring's Budget was a considerable improvement upon those of his indifferent predecessor, Mr. Spring-Rice, whose careless finance had produced no less than four successive deficits. He acknowledged a deficit of 850,000, and asked for a vote of credit. He further imposed an additional tax of 4d. a gallon on spirits, increased the customs and excise by 5 per cent., and the assessed taxes by 10 per cent.
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FORE:The only matters of interest debated in Parliament during this year, except that of the discontent in the country, were a long debate on Catholic emancipation, in the month of May, which was negatived by a majority of only twenty-four, showing that that question was progressing towards its goal; and a motion of Lord Castlereagh for the gradual abolition of sinecures. This intimated some slight impression of the necessity to do something to abate the public dissatisfaction, but it was an impression only on the surface. This Ministry was too much determined to maintain the scale of war expenditure to which they had been accustomed to make any real retrenchment. A committee appointed to consider the scheme recommended the abolition of sinecures to the amount of fifty-four thousand pounds per annum, but neutralised the benefit by recommending instead a pension-list of forty-two thousand pounds per annum. The country received the amendment with disgust and derision.
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FORE:Whilst these combined efforts were being made to unseat him, Walpole saw his Cabinet every day becoming more untrustworthy, more divided against him. The Duke of Newcastle was eagerly pressing forward to supplant him. He had entered into secret engagements with the Duke of Argyll, and Lord Chancellor Hardwicke threw himself into that clique. To these were added the Earl of Wilmington, formerly Sir Spencer Compton, who, forgetting his alarm at the idea of succeeding Walpole as Prime Minister, now was anxious for that honour. To add to these depressing circumstances, the king arrived from Hanover in a humour ready to lay his disgrace and failure at anybody's door. On the 4th of December he opened the new Parliament, and, conscious of his own contemptible figure after the submission to French dictation in Hanover, he took care to remind it that he had commenced the war only at the urgent desire and advice of both Houses, and that he had been particularly counselled to direct our naval efforts towards Spanish America.
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FORE:Of course, the commercial changes introduced by Mr. Huskisson and Mr. Robinson excited loud murmurs of dissatisfaction from the interests affected, especially the shipping interest. But the best answer to objectors was the continuously flourishing state of the country. At the opening of the Session in 1825, Lord Dudley and Ward, in moving the Address in answer to the King's Speech in the Upper House, observed:"Our present prosperity is a prosperity extending to all orders, all professions, and all districts, enhanced and invigorated by the flourishing state of all those arts which minister to human comfort, and those inventions by which man obtains a mastery over nature by the application of her own powers, and which, if one had ventured to foretell a few years ago, it would have appeared almost incredible." This happy state of things was the result of a legitimate expansion of trade. Manufacturers and merchants were at first guided by a spirit of sober calculation. The steady advance in the public securities, and in the value of property of all sorts, showed that the national wealth rested upon a solid basis. The extension of the currency kept pace with the development of trade and commerce, and the circulation of bankers' paper was enormously increased. But out of the national prosperity there arose a spirit of rash speculation and adventure, resulting in a monetary crisis. The issue of notes by country banks was under no restriction; no measures were taken to secure that their paper represented property, and could be redeemed if necessary. There were hundreds of bankers in the provinces who could issue any quantity of notes they pleased, and these passed as cash from hand to hand. The spirit of speculation and enterprise was stimulated to a feverish degree of excitement by the recognition of the states of Colombia, Mexico, and Buenos Ayres, formally announced in the King's Speech on the 3rd of February, which said that treaties of commerce had been made with those new states. The rich districts of South America being thus thrown open, there was a rush of capitalists and adventurers to work its inexhaustible mines. A number of companies was formed for the purpose, and the gains of some of them in a few months amounted to fifteen hundred per cent. The result was a mania of speculation, which seized upon all classes, pervaded all ranks, and threw the most sober and quiet members of society into a state of tumultuous excitement. Joint-stock companies almost innumerable were established, to accomplish all sorts of undertakings. There were thirty-three companies for making canals and docks, forty-eight for making railroads, forty-two for gas, twenty insurance companies, twenty-three banking companies, twelve navigation packet companies, five indigo and sugar companies, thirty-four metal companies, and many others. The amount of capital subscribed in these various companies, which numbered two hundred and seventy-six, was upwards of 174,000,000. In connection with South America there was the Anglo-Mexican Company, the Brazilian, the Colombian, Real de Monte, and the United Mexican. On the South American shares only ten pounds each had been paid, except the Real de Monte, on which 70 had been paid. We may judge of the extent to which gambling speculation was carried from the following statement of the market prices of the shares, in five of the principal mining companies[243], at two periods, December 10th, 1824, and January 11th, 1825:But, undiscouraged, Lord Wellington ordered General Hill, who had already crossed the Tagus, to hasten onward, and he then carefully fell back, and took his position on the grim and naked ridges of Busaco, a sierra extending from Mondego to the northward. Behind this range of hills lay Coimbra, and three roads led through the defiles to that city. These, and several lesser ravines used[604] by the shepherds and muleteers, he thoroughly fortified; and, posting himself on these difficult heights, he calmly awaited the advance of Massena. The ascents by which the French must reach them were precipitous and exposed; and on the summit, in the centre of the range, Wellington took up his headquarters at a Carmelite convent, whence he could survey the whole scene, having upwards of thirty thousand men disposed along these frowning eminences.
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