FORE:Holland rose in exultation on the news of the overthrow of Buonaparte at Leipsic. His dominion over that country had been a bitter thraldom. Its sons had been dragged yearly, by conscription, to his great slaughter-houses called battle-fields in distant regions. Their trade had been crushed by his Continental system; their colonies seized by Great Britain; their mercantile sources thus dried upin fact, he had squeezed the wealth and the life out of Holland as out of a sponge, and hordes of French officials maintained an insolent dominance all over the country. At news of the Russian disasters, the Dutch had risen to throw off this hateful and ruinous yoke; but the French forces in Holland had then been sufficient to put them down, and to severely punish them for the attempt. But the necessities in Germany had nearly drained Holland of French troops, and they now rose once more joyfully at Amsterdam, on the 15th of November, and at the Hague on the 16th. They received the most prompt assurances of assistance from Great Britain. A man-of-war was immediately put at the service of the Prince of Orange, and after a nineteen years' exile he embarked on the 25th, and entered Amsterdam on the 1st of December as King of Holland, amid the most enthusiastic acclamations. An army of twenty-five thousand men was soon enrolled; the Allies were at hand; the French authorities fled, after laying hands on all the booty they could carry off; and with the exception of the fortress of[73] Bergen-op-Zoom, the country was speedily cleared of them.Despite these representations, however, the resolutions were confirmed by the same majority as before. Other debates succeeded on the second reading of the Bill, but the majority on these gradually sank from sixty to sixteen. As the storm grew instead of abated, the queen demanded of Lord Scarborough what he thought of it, and he replied, "The Bill must be relinquished. I will answer for my regiment against the Pretender, but not against the opposers of the Excise." "Then," said the queen, "we must drop it." Sir Robert summoned his majority, and requested their opinion, and they proposed to go on, observing that all taxes were obnoxious, and that it would not do to be daunted by a mob. But Walpole felt that he must yield. He declared that he was not disposed to enforce it at the point of the bayonet, and on the 11th of April, on the order of the day for the second reading, he moved that the measure should be postponed for two months. Thus the whole affair dropped. The usually triumphant Minister found himself defeated by popular opinion. The Opposition were hardly satisfied to allow this obnoxious Bill thus to slip quietly away; but out-of-doors there was rejoicing enough to satisfy them.
THREE:A great portion of the present Session was[143] occupied with discussing the return to cash payments, which, by the Act of Parliament, ought to take place on the 5th of July of this year. It appears that no less than fifty debates and conversations in both Houses took place on this important subject during the Session. Very soon after the meeting of Parliament a secret committee of each House was appointed to inquire into the state of the Bank. These committees were, however, so managed, by delivering to the members lists of suitable persons for such committees, that scarcely any but Ministerial men were voted, though these votes were given by ballot. In the Commons this result was so evident that the Opposition declined to vote at all. The first reports of the committees went rather to close more strictly than to open the issue of gold by the Bank. It had been paying in gold its notes issued previous to January, 1817. This payment it was proposed to stop, as, at present, evidently injurious to the interests of the country. Mr. Peel, on moving for a Bill for this purpose, stated that the gold at the present price was fast finding its way abroad, and was as rapidly absorbed in re-minting a gold coinage for France. It appeared that during the first half of 1818 gold to the value of no less than one hundred and twenty-eight million francs had been coined at the French mint, of which three-fourths were derived from the gold coinage of England. A Bill was accordingly passed to stop payment altogether in gold till the necessary preparations were made by a fresh Bill. Still, the condition of the Bank was represented as flourishing. Its liabilities were stated in January, 1819, as amounting to thirty-three million eight hundred and ninety-four thousand five hundred and eighty pounds; its assets, including the debt due from Government, fifty-three million seven hundred and eighty-three thousand seven hundred pounds. The total Bank surplus appeared to be nineteen million eight hundred and eighty-nine thousand one hundred and twenty pounds; and its surplus, independent of the Government debt, and therefore available for current use, was five million two hundred and two thousand three hundred and twenty pounds. The committees adopted the scheme broached by Mr. Ricardo in his "Proposals for an Economical and Secure Currency," published in 1816. This was that the Bank, in the first instance, should not pay for its notes in gold coin, but in ingots of a certain weight, its fineness being attested by a stamp; and this degree of purity should be regulated from time to time till the gold descended to the Mint price of three pounds seventeen shillings and tenpence-halfpenny per ounce. When the Mint gold at length reached this rate of value, then the payment in coin was to be begun. Resolutions to this effect were moved by the Earl of Harrowby on the 21st of May, and they received the approval, not only of the Ministerial side, but of the leading Opposition members, Lords Grenville, Lansdowne, and King.
Lorem Ipsum is simply dummy text of the printing and typesetting industry.Printing and typesetting industry
THREE:
Lorem Ipsum is simply dummy text of the printing and typesetting industry.Printing and typesetting industry
THREE:
Lorem Ipsum is simply dummy text of the printing and typesetting industry.Printing and typesetting industry
THREE:These events were a little diversified by the storming of Algiers on the 27th of August. In 1815 the Government of the United States of America had set the example of punishing the piratical depredations of the Algerines. They seized a frigate and a brig, and obtained a compensation of sixty thousand dollars. They do not appear to have troubled themselves to procure any release of Christian slaves, or to put an end to the practice of making such slaves; and, indeed, it would have been rather an awkward proposal on the part of North Americans, as the Dey might have demanded, as a condition of such a treaty, the liberation of some three millions of black slaves in return. But at the Congress of Vienna a strong feeling had been shown on the part of European Governments to interfere on this point. It was to the disgrace of Great Britain that, at the very time that she had been exerting herself so zealously to put an end to the negro slave trade, she had been under engagements of treaty with this nest of corsairs; and Lord Cochrane stated in Parliament this year that only three or four years before it had been his humiliating duty to carry rich presents from our Government to the Dey of Algiers. But in the spring of this year it was determined to make an effort to check the daring piracies of Tunis, Algiers, and Tripoli. Lord Exmouth was sent to these predatory Powers, but rather to treat than to chastise; and he effected the release of one thousand seven hundred and ninety-two Christian slaves. From Tunis and Tripoli he obtained a declaration that no more Christian slaves should be made. The Dey of Algiers refused to make such concession till he had obtained the permission of the Sultan. Lord Exmouth gave him three months to determine this point, and returned home. A clause in the treaty which he had made with Algiers ordered that Sicily and Sardinia should pay nearly four hundred thousand dollars for the ransom of their subjects; they accordingly paid it. This clause excited just condemnation in England, as actually acknowledging the right of the Algerines to make Christian slaves.
Lorem Ipsum is simply dummy text of the printing and typesetting industry.Printing and typesetting industry
