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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.

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Just at the edge of the rock stream there was an abandoned cabin built of small stones. Whatever sort of roof it had had in the beginning was now gone altogether, and the cabin itself was tumbling down. Through the doorway where there was no door, there showed a blackened fireplace. Once when a party from the post had been taking the two days' drive to the railroad, they had stopped here, and had lunched in the cabin. Landor remembered it now, and glanced at the place where Felipa had reclined in the shade of the walls, upon the leather cushion of the ambulance seat. She very rarely could be moved to sing, though she had a sweet, plaintive voice of small volume; but this time she had raised her tin mug of beer and, looking up to the blue sky, had launched into the "Last Carouse," in a spirit of light mockery that fitted with it well, changing the words a little to the scene.[Pg 279]Chapter 15

ONE:THE CONQUERORS OF THE BASTILLE. (After the Picture by Fran?ois Flameng.)But though we punished the Dutch for their French predilections, the tide of French success was rolling on in various quarters, and presenting a prospect of a single-handed conflict with France. The powers on whose behalf we had armed were fast, one after another, making terms with the Republicans. Holland was in their hands, and the King of Prussia, on the 5th of April, concluded a peace with them at Basle, in which he agreed to surrender to France all his possessions on the left bank of the Rhine, on condition of retaining those on the right. There was a mutual exchange of prisoners, including the troops of such other German States as had served with Prussia. Spain hastened to follow the example of Prussia. A peace was concluded at the same place��Basle��on the 22nd of July, by which she gave up all the Spanish part of San Domingo. To purchase the French evacuation, the Ministers of Spain itself recognised the Batavian Republic��which was become, in reality, a province of France��and promised to intercede with Portugal, Naples, Parma, and Sardinia. The Grand Duke of Tuscany followed with a proclamation of a treaty of neutrality with France, on the 1st of March. Sweden and the Protestant Cantons recognised the French Republic and the Batavian one, its ally; and the Duke of Hesse-Cassel, and even George III., as Elector of Hanover, were compelled to an agreement to furnish no more troops to the Emperor of Germany. Whilst the Allies were thus falling away in rapid succession before the forces of[444] Republican France, Britain, instead of taking warning, and resolving to mind only her own business, went madly into fresh treaties with Continental Powers. Russia and Austria were received into fresh treaties of mutual defence. Russia we were to assist with ships, and Austria with twenty thousand foot and six thousand horse, or to pay each month ten thousand florins for every thousand infantry, and thirty thousand florins for every thousand of cavalry. To complete the circle of treaties, Sir Gilbert Elliot, British Governor of Corsica, entered into a treaty with the Dey of Algiers, by which, on payment of a hundred and seventy-nine thousand piastres, he was to restore all the Corsicans captured and enslaved by him, and was to enjoy the strange privilege of carrying all his piratical prizes into the ports of Corsica, and to sell them there��which was, in fact, licensing this chief of sea-robbers to plunder all the other Italian States. Home About Portfolio Services Contact

ONE:These arrangements being complete, Charles lay at Pinkie House on the 31st of October, and the next day, the 1st of November, he commenced his march. Each of the two columns was preceded by a number of horsemen to act as scouts. In the day of battle each company of a regiment furnished two of its best men to form the bodyguard of the chief, who usually took his post in the centre, and was surrounded by his brothers and cousins, with whom it was a point of honour to defend the chief to the death. So set forward the Highland army for England, and it is now necessary to see what preparations England had made for the invasion.

DANIEL PRATT

TWO:He had also chosen a moderate climbing angle, keeping a watch for any incoming craft as he went higher before banking and turning.

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ONE:CHAPTER XVIII OUTWITTED!

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ONE:��Bad news?�� Larry asked, climbing to the turf.

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ONE:With the things of the flesh there can be the vindictive hope, the certainty indeed, that they will lose their charm with time, that the gold will tarnish and the gray come above the green, but a thought is dearer for every year that it is held, and its beauty does not fade away. The things of the flesh we may even mar ourselves, if the rage overpowers us, but those of the intellect are not to be reached or destroyed; and Felipa felt it as she turned from them and went into the house.��But��what?�� THREE:

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