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FORE:During the recess considerable changes took place in the Cabinet. Lord Halifax died on the 8th of June; the Earl of Suffolk succeeded him as Secretary of State, and the remainder of the Grenville party thereupon supported the Ministry. Suffolk introduced his friend, Lord Hyde, afterwards Earl of Clarendon, to the post of Chancellor of the Duchy of Lancaster, with an augmented salary. The administration of Lord North was considerably strengthened, too, by the abilities of Thurlow, as Attorney-General, and of Wedderburn, as Solicitor-General. But the addition to the Cabinet of Lord North which occasioned the greatest surprise, was that of the Duke of Grafton. He received the Privy Seal.
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FORE:In Ireland there was severe distress prevailing over an extensive district along the western coastno unusual visitation, for the peasantry depended altogether on the potato, a precarious crop, which sometimes failed wholly, and was hardly ever sufficient to last till the new crop came in. The old potatoes generally disappeared or became unfit for human food in June, and from that time till September the destitution was very great, sometimes amounting to actual famine. There was a partial failure of the crop in 1830, which, coupled with the rack-rents extorted by middlemen, gave to agitators topics which they used with effect in disquieting the minds of the peasantry.Sir Arthur determined to give Soult as sharp a chase as he had given Sir John Moore. He wrote to General Beresford to hold Villa Real, if possible, whilst he pressed on the heels of Soult. On the 16th of May he came up with Soult's rear, near Salamonde, defeated the rear-guard, killed and wounded a great number of men, and Sir Arthur wrote that, had they had half an hour's more daylight, he should have taken the whole of his rear-guard. He added: "I shall follow him to-morrow. He has lost everythingcannon, ammunition, baggage, military chestand his retreat is in every respect, even in weather, a pendant for the retreat to Corunna." In truth, had Sir John Moore sent a Nemesis to avenge himself, it could not have executed a more complete retribution. All the horrors of Sir John's retreat, and far worse, were repeated. The French had exasperated the population here, as everywhere, by their reckless cruelties and rapacity, and they surrounded the flying army, and killed every man that they could find straggling, or who was left exhausted on the road. On the other hand, the French tracked their retrograde path with equal fury. "Their route," says Sir Arthur, "could be traced by the smoke of the villages that they set on fire." Sir Arthur, in his dispatches, also says that, during their abode in Portugal, the French had murdered people merely because they did not like their seizure of their country; and that he saw men hanging on trees by the roadside, whom they had executed for no other reason. So the scene of Soult's retreat was now one long picture of Pandemoniumthe whole way strewn with dead men, horses, and mules; a wasted country, and an infuriated peasantry seeking to wreak their vengeance. Sir Arthur stopped his pursuit near the frontiers of Spain. He could not overtake Soult, who fled flinging away every impediment, whilst he was compelled to carry his supplies and artillery along with him. Besides, the French, since the defeat of the Spaniards at Tudela, had entered Andalusia in great force, where there was no army to oppose them except the ill-equipped one of the proud and unmanageable General Cuesta; and Marshal Victor, who commanded in Estremadura, might readily have made a descent on Lisbon, had Wellesley gone far into Spain. He therefore resolved to return to Oporto, to make necessary inquiries as to the roads into Spain; to improve his commissariat; and then, forming a junction with Cuesta, to[575] advance against Marshal Victor. Whilst at Oporto he had the satisfaction to learn that Frere was superseded by his own brother, Lord Wellesley, as ambassador for Spain, a circumstance of immense importance to the cause.
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FORE:The peace with Spain was also ratified in London on the 1st of March. By this, Spain, so far as diplomatic contracts could effect it, was for ever separated from France. Philip acknowledged[14] the Protestant succession, and renounced the Pretender. He confirmed the Assiento, or exclusive privilege of the English supplying the Spanish West Indies and South American colonies with slaves, one-fourth of the profit of which the queen reserved to herselfa strange proof of the small idea of the infamy of this traffic which prevailed then in England, whilst so truly benevolent a woman could calmly appropriate money so earned to her own use. Gibraltar and Minorca were also confirmed to England, on condition that the Spanish inhabitants should enjoy their own property and their religion. There was a guarantee given by Philip for the pardon and security of the Catalans. They were to be left in possession of their lives, estates, and honours, with certain exceptions, and even these were at liberty to quit the country and remove to Italy with their effects. But the Catalans, who had taken up arms for Charles of Austria at our suggestion, were greatly incensed at the dishonourable manner in which we had abandoned them and the cause, and, putting no faith in the word of Philip, they still remained in arms, and soon found themselves overrun with French troops, which deluged their country with blood, and compelled them to submit. Amid all the disgraceful circumstances which attended the peace of Utrecht, none reflected more infamy on England than its treatment of the people of Catalonia.
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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:
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FORE:In the course of 1810 the French were expelled completely from the East and West Indies, and the Indian Ocean. Guadeloupe, the last of their West India Islands, was captured in February, by an expedition conducted by General Beckford and Admiral Sir A. Cochrane. In July an armament, sent out by Lord Minto from India, and headed by Lieutenant-Colonel Keating, reduced the Isle of Bourbon; and, being reinforced by a body of troops from the Cape of Good Hope, under Major-General John Abercromby and Admiral Bertie, the Isle of France, much the more important, and generally called Mauritius, surrendered on the 3rd of December. Besides[608] a vast quantity of stores and merchandise, five frigates and about thirty merchantmen were taken; and Mauritius became a permanent British colony. From this place a squadron proceeded to destroy the French factories on the coast of Madagascar, and finished by completely expelling them from those seas.The Marquis of Granby resigned his posts as Paymaster-General of the Ordnance and Commander-in-Chief of the Army, much to the annoyance and against the entreaties of the king and the Duke of Grafton. Camden would have done the same, but as the Ministers were anxious to be rid of him, Chatham and his friends counselled him to remain, and put the Ministry to the odium of dismissing him. This was done, and thus two of the men most popular with the publicGranby and Camdenwere lost to the Administration. The Seals, as Lord Shelburne had predicted, went a-begging. Charles Yorke, second son of the former Lord Chancellor, Hardwicke, had all his life been hankering after this prize, but as he was closely pledged to the party of Lord Rockingham, he most reluctantly declined it. Three days subsequently, however, the king, after the levee, suddenly called him into his closet, and so pressingly entreated him to accept the Seals and rescue his sovereign from an embarrassment, that he gave way. This was on the 18th of January. He was to be raised to the peerage by the title of Lord Morden, but, on encountering the keen reproaches of his party at Lord Rockingham's, he went home and committed suicide. The Seals were then successively offered to Mr. de Grey, the Attorney-General, to Sir Eardley Wilmot, and Lord Mansfield, who refused them, and they were obliged to be put in commission, Lord Mansfield consenting to occupy the woolsack, as Speaker to the House of Lords, till that was done. After some time, Sir Sidney Stafford Smythe, one of the barons of the Exchequer, the Honourable Henry Bathurst, one of the justices of the Common Pleas, and Sir Richard Aston, one of the justices of the King's Bench, were named the commissioners.
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