TWO:The Parliamentary Session for 1845 was opened by the Queen in person on the 4th of February. At a meeting a few days earlier, Mr. Cobden had warned his hearers that no change in the Corn Laws could be expected from Sir Robert Peel so long as the Ministry could avail themselves of the old excuse, the revived prosperity of manufactures and commerce. "Ours," he had said, "is a very simple proposition. We say to the right honourable baronet, 'Abolish the monopolies which go to enrich that majority which placed you in power and keeps you there.' We know he will not attempt it; but we are quite certain he will make great professions of being a Free Trader, notwithstanding."The year 1797 was opened by the suspension of cash payments. The Bank of England had repeatedly represented to Pitt, as Chancellor of the Exchequer, that his enormous demands upon it for specie, as well as paper money, had nearly exhausted its coffers and could not long be continued. The payment of our armies abroad, and the advances to foreign kings, were necessarily made[455] in cash. The Government, in spite of enormous taxation, had already overdrawn its account eleven million six hundred and sixty-eight thousand eight hundred pounds, and the sole balance in the hands of the Bank was reduced to three million eight hundred and twenty-six thousand eight hundred and ninety pounds. Pitt was demanding a fresh loan for Ireland, when a message came from the Bank to say that, in existing circumstances, it could not be complied with. Thus suddenly pulled up, the Privy Council was summoned, and it was concluded to issue an order for stopping all further issue of cash, except to the Government, and except one hundred thousand pounds for the accommodation of private bankers and traders. Paper money was made a legal tender to all other parties, and the Bank was empowered to issue small notes for the accommodation of the public instead of guineas. A Bill was passed for the purpose, and that it might not be considered more than a temporary measure, it was made operative only till June; but it was renewed from time to time by fresh Acts of Parliament. The system was not abolished again till 1819, when Sir Robert Peel brought in his Bill for the resumption of cash payments, and during the whole of that time the depreciation of paper money was comparatively slight.
THREE:General Montgomery reached the St. Lawrence, and detached six hundred men to invest Fort Chambly, situated on the river Sorel, about five miles above Fort St. John. The menaced condition of Quebec compelled General Carleton to abandon Montreal to its fate, and to hasten to the capital, and Montgomery immediately took possession of it. So far all succeeded with the American expedition. Carleton, to reach Quebec, had to pass through the American forces on the St. Lawrence. He went in disguise, and dropped down the river by night, with muffled oars, threading the American craft on the river, and so reached Quebec alone, but in safety. Montgomery was determined to fall down the St. Lawrence too, to support Arnold; but his position was anything but enviable. He had been obliged to garrison Forts Chambly and St. John's, and he was now compelled to leave another garrison at Montreal. This done, he had only four hundred and fifty men left, and they were in the most discontented and insubordinate condition. As he proceeded, therefore, he found them fast melting away by desertion; and, had he not soon fallen in with Arnold and his band at Point aux Trembles, he would have found himself alone.
THREE: J. Bingham, created Lord Clanmorris; 8,000 for two seats, and 15,000 compensation for Tuam. Had first offered himself for sale to the anti-unionists.Prussia having been introduced into the debate, on the 1st of March it was renewed by Mr. Martin, followed by Francis, Fox, and others, who argued that the secret was thus out; we were fighting again on account of the old mischiefGerman alliances. Pitt defended the policy of Ministers. He asked whether Russia was to be permitted to drive the Turks from Europe and plant herself in Constantinople, with Greece as part of her empire? In that case, Russia would become the first maritime power in the world, for her situation in the heart of the Mediterranean, and with Greeks for her sailorsthe best sailors in that seawould give her unrivalled advantages, and make her the most destructive opponent of British interests that had ever arisen. Pitt drew a dark character of the Czarinathe Messalina of the North; reminded the House of her endeavours to strike a mortal blow at us during the American war; of her arrogance and insolence on many occasions, and said that he did not envy Fox the honour of having his bust ordered by this notorious woman from Nollekens, the sculptor. Fox well deserved this hard blow, for he had shown a strange blindness to the grasping designs of Russia, and confessed that, whilst in office, he had refused to concur in remonstrances to Russia against the seizure of the Crimea. The motion of Whitbread was rejected by a majority of two hundred and forty-four against one hundred and sixteen.
THREE:Stanhope appears to have done his best to break Townshend's fall. He represented to the king the high character of that minister, his real services, and the injustice and impolicy of disgracing him; that he might remove him to another office, and thus answer every purpose. He could take the chief direction of affairs out of his hands, even while appearing to promote him. He therefore advised that Townshend should, without a word of dismissal or disapprobation, be offered the Lord-Lieutenancy of Ireland, instead of the Secretaryship of State, and to this the king consented. Accordingly Stanhope was directed to write to Townshend, and also to Secretary Methuen, and he did so on the 14th of December, conveying in most courteous terms the king's desire that he should accept the Lord-Lieutenancy, and this without a syllable of discontent on the part of his Majesty. Townshend at first refused, but on the arrival of George in London he received Townshend very cordially, and so softened him as to induce him to accept the Lord-Lieutenancy, and to do the very thing he had declared it was not[36] common honesty to doaccept the post and still remain in London, acting with the rest of the Cabinet. His political adherents, including Methuen, Pulteney, the Walpoles, Lord Orford, and the Duke of Devonshire, were contented to remain in office. The only change was that Methuen was made one of the two Secretaries along with Stanhope. It was thus imagined that the great schism in the Whig party was closed; but this was far from being the case: the healing was only on the surface. It was during this brief reconciliation that the great Triple Alliance between England, France, and Holland, was concluded.
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