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In the course of this commercial madness the imports greatly exceeded the exports, and there was consequently a rapid drain of specie from the country. The drain of bullion from the Bank of England was immense. In August, 1823, it had 12,658,240, which in August, 1825, was reduced to 3,634,320, and before the end of the year it ran as low as 1,027,000. Between July, 1824, and August, 1825, twelve millions of cash were exported from Great Britain, chiefly to South America. During the Revolutionary war, which had lasted for fourteen years, the capital of the country had been completely exhausted, while all productive labour had been abandoned. The unworked mines were filled with water. They were accessible, it is true, to English speculators, but they were worked exclusively with English capital. The South American mining companies were so many conduits through which a rapid stream of gold flowed from Great Britain. The catastrophe that followed took the commercial world by surprise; even the Chancellor of the Exchequer failed to anticipate the disaster. On the contrary, his Budget of 1825 was based upon the most sanguine expectations for the future, and on the assurance that the public prosperity was the very reverse of what was ephemeral and peculiar, and that it arose from something inherent in the nation. Even at the prorogation of Parliament in July, the Royal Speech referred to the "great and growing" prosperity on which his Majesty had the happiness of congratulating the country at the beginning of the Session. The commercial crisis, however, with widespread ruin in its train, was fast coming upon Britain. Vast importations, intended to meet an undiminished demand at high prices, glutted all the markets, and caused prices to fall rapidly. Merchants sought accommodation from their bankers to meet pressing liabilities, that they might be enabled to hold over their goods till prices rallied. This accommodation the bankers were unable to afford, and sales were therefore effected at a ruinous loss. The South American mines, it was found, could not be worked at a profit, and they made no return for the twenty million pounds of British money which they had swallowed up. The effect was a sudden contraction of the currency, and a general stoppage of banking accommodation. The country banks, whose issues had risen to 14,000,000, were run upon till their specie was exhausted, and many of them were obliged to stop payment. The Plymouth Bank was the first to fail, and in the next three weeks seventy banks followed in rapid succession. The London houses were besieged from morning to night by clamorous crowds, all demanding gold for their notes. Consternation spread through all classes. There was a universal pressure of creditors upon debtors, the banks that survived being themselves upon the edge of the precipice; and the Bank of England itself, pushed to the last extremity, peremptorily refused accommodation even to their best customers. Persons worth one hundred thousand pounds could not command one hundred pounds; money seemed to have taken to itself wings and fled away, reducing a state of society in the highest degree artificial almost to the condition of primitive barbarism, which led Mr. Huskisson to exclaim, "We were within twenty-four hours of barter."
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THREE:The Treaty of Peace received the sanction of the Parliament; not so the Treaty of Commerce. By this treaty it was provided that a free trade should be established according to the tariff of 1664, except as it related to certain commodities which were subjected to new regulations in 1669. This went to abolish all the restrictions on the importation of goods from France since that period, and within two months a law was also to be passed that no higher duties should be levied on goods brought from France than on the like goods from any other country in Europe. Commissioners were appointed to meet in London to carry these propositions into effect; but there immediately appeared a violent opposition to these regulations, which were contained in the eighth and ninth articles of the Treaty of Commerce. It was declared that these articles violated the Treaty of Methuen, according to which the duties on Portuguese wines were always to be lower by one-third than the duties on the French wines. Lorem ipsum dolor sit amet, consectetur adipisicing elit.
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FORE:Whilst the Court had been conspiring, the people had conspired too. The electors at the H?tel de Ville listened with avidity to a suggestion of Mirabeau, thrown out in the National Assembly, which passed at the time without much notice. This was for organising the citizens into a City Guard. The plan had originated with Dumont and his countryman, Duroverai, both Genevese. Mirabeau had adopted and promulgated it. Fallen unnoticed in the Assembly, on the 10th of July Carra revived it at the H?tel de Ville. He declared that the right of the Commune to take means for the defence of the city was older than the Monarchy itself. The Parisian people seconded, in an immense multitude, this daring proposition, and desired nothing more than a direct order to arm themselves and to maintain their own safety. Thus encouraged, Mirabeau renewed his motion in the National Assembly. He demanded that the troops should be withdrawn from the neighbourhood of Versailles and Paris, and a burgher guard substituted. He also moved that the "discussion on the Constitution should be suspended till the security of the capital and the Assembly were effected." He moved for an address to the king, praying him to dismiss the[363] troops, and rely on the affections of his people. The motion was carried, and a committee appointed to draw up the address. The address was presented by a deputation of twenty-four members. The king replied that the troops had been assembled to preserve public tranquillity and to protect the National Assembly; but that if the Assembly felt any apprehension, he would send away the troops to Noyon or Soissons and would go himself to Compigne. This answer was anything but satisfactory, for this would be to withdraw the Assembly much farther from Paris, and the movement would thus weaken the influence of the Assembly, and at the same time place the king between two powerful armiesthe one under Broglie, at Soissons, and another which lay on the river Oise, under the Marquis de Bouill, a most determined Royalist. The Assembly was greatly disconcerted when this reply was reported.
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FORE:The ordinance was disallowed at home. Lord Brougham, who had never forgiven his former colleagues the constitution of the Cabinet without his forming a part of it, signalised himself by the extreme bitterness with which he headed the onslaught. The result was that, after protracted debates in both Houses of Parliament, which occupied the whole of the summer, and fill up nearly 500 pages of the Parliamentary Proceedings, the ordinance was annulled by Act of Parliament; but an Act was passed indemnifying Lord Durham and the Canadian authorities. The majority in the Commons was so large that the Opposition did not venture on a division; and in the Lords the disallowance was carried by a majority of 54 to 36. This result occurred on the 10th of August, and Lord Durham saw the news first in the American newspapers. Lords Melbourne and Glenelg softened the matter to him as well as they could; the former communicated the intelligence with the greatest regret and the deepest apprehension as to its consequences. Lord Durham betrayed his mortification unwisely in a proclamation which he immediately issued. As the banishment was an exception to the general amnesty he had published, he informed the prisoners at Bermuda that her Majesty being advised to refuse her assent to the exceptions, the amnesty existed without qualification, and added"No impediment, therefore, exists to the return of the persons who have made the most distinctive admission of guilt, or have been excluded by me from the province on account of the danger to which it would be exposed by their presence."
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FORE:But they were not then in the position of a beleaguered garrison. Before relief came, they had won a victory that covered them with glory. The troops had been in the highest pluck, and never seemed so happy as when they could encounter any portion of the enemy. In this state of feeling an idea began to take possession of the officers that they were able to capture Mahomed Akbar's camp. A false report had come to the Sirdar, that General Pollock had been beaten back with great slaughter in the Khyber Pass; and in honour of this event his guns fired a royal salute. A rumour also reached the garrison that there had been a revolution at Cabul, and that the enemy was obliged to break up his camp and hasten back to the capital. Whether either or both these reports should prove true, the time seemed to have come for General Sale to strike a blow. A council of war was held; the general would have shrunk from the responsibility of an attack upon the camp; but he was dissuaded by Havelock. Akbar Khan, at the head of 6,000 men, was aware of their approach and ready to receive them. On issuing from the gate, General Sale had ordered Colonel Dennie forward, to attack a small fort, from which the enemy had often molested the garrison. The colonel, at the head of the brave 13th, rushed to the fort; but having entered the outer wall, they found themselves exposed to a murderous fire from the defences of the inner keep. There Colonel Dennie received a mortal wound, a ball passing through his sword-belt. Sale now gave orders for a general attack on the enemy's camp, and in his despatch he thus describes the result:"The artillery advanced at a gallop, and directed a heavy fire upon the Afghan centre, whilst two of the columns of infantry penetrated the line near the same point, and the third forced back its left from its support on the river, into the stream of which some of his horse and foot were driven. The Afghans made repeated attempts to check our advance by a smart fire of musketry, by throwing forward heavy bodies of horse, which twice threatened the detachments of foot under Captain Havelock, and by opening upon us three guns from a battery screened by a garden wall, and said to have been served under the personal superintendence of the Sirdar. But in a short time they were dislodged from every point of their position, their cannon taken, and their camp involved in a general conflagration. The battle was over, and the enemy in full retreat, by about seven a.m. We have made ourselves masters of two cavalry standards, re-captured four guns lost by the Cabul and Gundamuk forcesthe restoration of which to our Government is matter of much honest exultation among the troopsseized and destroyed a great quantity of material and ordnance stores, and burnt the whole of the enemy's tents. In short, the defeat of Mahomed Akbar, in open field, by the troops whom he had boasted of blockading, has been complete and signal. The field of battle was strewed with the bodies of men and horses, and the richness of the trappings of some of the latter seemed to attest that persons of distinction were among the fallen. The loss on our side was remarkably smallseven privates killed, and three officers and fifty men wounded."[61]
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FORE:On the withdrawal of Melville, Whitbread moved for his impeachment, and Mr. Bond for his prosecution in the ordinary courts of law, and this amendment was carried. But Melville preferred impeachment to a trial at common law. Mr. Bond was induced to withhold any further procedure in consequence of his motion, and Mr. Leycester, one of Melville's friends, made a fresh motion for impeachment, which was carried, and on the 26th of June Whitbread, accompanied by a great number of members, impeached him at the bar of the House of Lords. A Bill was also passed through both Houses regulating the course of his impeachment. The impeachment itself, owing to very important events, including the death of Pitt, was not proceeded with till April, 1806. On the 10th of July Lord Sidmouth and the Earl of Buckinghamshire resigned. It was supposed that difference of opinion regarding Lord Melville's case was the cause, and the surmise was correct, Addington taking strong exception to the appointment of Sir Charles Middleton, a very old man, to succeed Melville. Lord Camden succeeded Sidmouth, and Lord Harrowby Lord Buckinghamshire. Castlereagh obtained Camden's post of Secretary of Colonial Affairs. This secession weakened Pitt's Ministry considerably. On the 12th of July Parliament was prorogued, but a message was sent down to the House to enable his Majesty to carry out some arrangements in the north of Europe, which were necessary for the security and independence of Britain, and a sum, in addition to the large supplies already granted, was voted, which was not to exceed three millions and a half.

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FORE:On the 9th of April, 1809, the Archduke Charles crossed the Inn, and invaded Bavaria, the ally of France. He issued a manifesto declaring that the cause of Austria was that of the general independence of Germany, and called on those States which had been compelled to bear the yoke of France to throw it off, and stand boldly for the common liberty. The serious discontent of the people of Germany encouraged him to hope that his call would be responded to; but Germany was not yet ripe for an effective reaction. Simultaneously, the Archduke John had descended from the Alps into Italy, and driven the troops of the viceroy, Eugene Beauharnais, before him. He had advanced as far as the Tagliamento, and laid siege to the fortresses of Orobo and Palma Nuova. The Archduke Ferdinand had also marched into Poland, defeated Poniatowski, Buonaparte's general, and taken possession of Warsaw. All so far looked cheering; for the great actor was not yet on the scene. But he quitted Paris on the 11th of April, two days only after the Archduke Charles entered Bavaria, and in a few days was with his army at Donauw?rth. He expressed the utmost contempt for the Austrian troops, saying, in a letter to Massena, that six thousand French ought to beat twelve thousand or fifteen thousand of "those canaille." He greatly disapproved of the manner in which Berthier had disposed of his forces, for he had extended them in a long line from Augsburg to Ratisbon, with a very weak centre. He ordered Davoust and Massena, who commanded the opposite wings, to draw nearer together. That being done, on the 20th of April he made a sudden attack on the Austrians at Abensberg, and defeated them. The next day he renewed the attack at Landshut, and took from them thirty pieces of cannon, nine thousand prisoners, and a great quantity of ammunition and baggage. The following day he advanced against the main position of the Archduke Charles, at Eckmühl, where, by the most skilful man?uvres, he turned all the enemy's positions, and defeated one division after another with all the art and regularity of a game of chess. Charles was thoroughly defeated, and had twenty thousand men taken prisoners, with a loss of fifteen stand of colours, and the greater part of his artillery. The next day the Austrians made a stand to defend the town of Ratisbon. They fought bravely; but, a breach being made in the wall, Marshal Lannes seized a scaling-ladder, and, whilst hundreds of French were falling under the fire of the Austrians, he planted it against the breach, saying, "I will show you that your general is still a grenadier!" The wall was scaled, and a desperate battle ensued in the streets of the town. At one moment, a number of tumbrils loaded with powder were in danger of exploding, and destroying the combatants on both sides; but the Austrians warned the French of the danger, and they mutually combined to remove them. That over, they recommenced the struggle, and the Austrians were driven out of the town, leaving again cannon, much ammunition, and many prisoners in the hands of the French. Whilst watching the mle, Buonaparte was struck on the toe by a spent musket-ball; but he had the wound dressed, and again remounted his[588] horse, and watched with unfailing vigilance the progress of the battle.

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FORE:Among the historians of the time there are three or four names that deserve to be specially mentioned. The first is that of Sir James Mackintosh, who, notwithstanding the pressure of Parliamentary duties and the attractions of London society, so far conquered his constitutional indolence, increased by his residence in India, as to produce some literary works so valuable that it has been a source of regret that he could not find time to give to the world something more than fragments. His dissertation on "The Progress of Ethical Philosophy" shows what he could have accomplished in that field; while his three volumes of "The History of England" caused a general feeling of disappointment that he was not spared to complete the work. He was engaged on a history of the Revolution of 1688 when he died, rather suddenly, in May, 1832.SIR RICHARD STEELE.

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Sir Arthur Wellesley, brilliantly seconded by General Lake, Stevenson, and others, had thus worked out the plans of the Governor-General, Lord Wellesley. With small forces, and those principally native ones, but admirably disciplined, they had beaten two hundred and fifty thousand men in four pitched battles and eight sieges. They had taken from them upwards of one thousand pieces of cannon, besides an enormous amount of ammunition, baggage, and other spoil. They had made themselves masters of all the Mahratta territory between the Jumna and the Ganges; of Delhi, Agra, Calpee, the greater part of the province of Bundelcund, the whole of Cuttack, and a territory in Gujerat, which secured us all the ports by which France could have entered, so that we enjoyed the whole navigation of the coast from the mouth of the Ganges to the mouth of the Indus. They had added most important acquisitions to the territories of our allies, the Peishwa and the Nizam of the Deccan, and to the Company itself a stronger frontier in the latter region; and all this had been achieved in the short space of four months. The French influence was completely annihilated, and every part of India placed in greater strength and security than it had ever known before.[See larger version][581]
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