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THREE:The spring of 1720 was a period of remarkable national prosperity. But "the grand money schemes projected of late," which appeared to the Jacobite Atterbury and others calculated to cement the royal peace and strengthen the foundation[46] of the Government and nation, were destined to produce a very different effect. For the South Sea Bubble was about to burst. In 1711, Harley, being at his wits' end to maintain the public credit, established a fund to provide for the National Debt, which amounted to ten millions of pounds. To defray the interest he made permanent the duties on wine, vinegar, and tobacco, etc. To induce the purchase of the Government stock, he gave to the shareholders the exclusive privilege of trading to the Spanish settlements in South America, and procured them an Act of Parliament and a royal charter, under the name of the South Sea Company. The idea, hollow and groundless as it was, seized on the imagination of the most staid and experienced traders. All the dreams of boundless gold which haunted the heads of the followers of Drake and Raleigh were revived. The mania spread through the nation, and was industriously encouraged by the partisans of Harley. But this stupendous dream of wealth was based on the promises of Ministers, who at the Peace of Utrecht were to secure from the Government of Spain this right to trade to its colonies. The right was never granted by that haughty and jealous Power, further than for the settlement of some few factories, and the sending of one small ship annually of less than five hundred tons. This, and the Assiento, or privilege of supplying those colonies with African slaves, were the sole advantages obtained, and these were soon disturbed by the war with Spain, which broke out under Alberoni. The South Sea Company, however, from its general resources, remained a flourishing corporation, and was deemed the rival of the Bank of England.
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THREE:By six o'clock in the evening the Allied army had lost ten thousand men in killed and wounded, besides a great number of the dispersed Belgians and other foreigners of the worst class, who had run off, and taken refuge in the wood of Soigne. But the French had suffered more severely; they had lost fifteen thousand in killed and wounded, and had had more than two thousand taken prisoners. At about half-past four, too, firing had been heard on the French right, and it proved to be the advanced division of Bulow. Grouchy had overtaken the Prussians at Wavre, but had been stopped there by General Thielemann, by order of Blucher, and kept from crossing the Dyle till it was too late to prevent the march of Blucher on Waterloo; so that whilst Thielemann was thus holding back Grouchy, who now heard the firing from Waterloo, Blucher was on the track of his advanced division towards the great battle-field. When Buonaparte heard the firing on the right, he thought, or affected to think, that it was Grouchy, whom he had sent for in haste, who was beating the Prussians; but he perceived that he must now make one gigantic effort, or all would be lost the moment that the main armies of the British and Prussians united. Sending, therefore, a force to beat back Bulow, he prepared for one of those thunderbolts which so often had saved him at the last moment. He formed his Imperial Guard into two columns at the bottom of the declivity of La Belle Alliance, and supporting them by four battalions of the Old Guard, and putting Ney at their head, ordered him to break the British squares. That splendid body of men, the French Guards, rushed forward, for the last time, with cries of "Vive l'Empereur!" and Buonaparte rode at their head as well as Ney, as far as the farm of La Haye Sainte. There the great Corsican, who had told his army on joining it this last campaign that he and they must now conquer[100] or die, declined the death by suddenly wheeling his horse aside, and there remaining, still and stiff as a statue of stone, watching the last grand venture. The British right at this moment was wheeling towards Buonaparte's position, so that his Guards were received by a simultaneous fire in front and in the flank. The British soldiers advanced from both sides, as if to close round the French, and poured in one incessant fire, each man independently loading and discharging his piece as fast as he could. The French Guards endeavoured to deploy that they might renew the charge, but under so terrible a fire they found it impossible: they staggered, broke, and melted into a confused mass. As they rolled wildly down the hill, the battalions of the Old Guard tried to check the pursuing British; but at this moment Wellington, who had Maitland's and Adams's brigades of Guards lying on their faces behind the ridge on which he stood, gave the command to charge, and, rushing down the hill, they swept the Old Guard before them. On seeing this, Buonaparte exclaimed, "They are mingled together! All is lost for the present!" and rode from the field. The battle was won. But at the same moment Wellington ordered the advance of the whole line, and the French, quitting every point of their position, began a hasty and confused retreat from the field.
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THREE: "London, December 28, 1828.
THREE:Louis was succeeded for the time by the Duke of Orleans as Regent, who had other views, and was surrounded by other influences than the old king. He had secured the Regency in opposition to Madame Maintenon and the royal bastards. He changed all the ministers, and was not inclined to risk his government by making enemies of the English abroad, having sufficient of these at home. He had been for some time cultivating the good offices of the present English Government, which had offered to assist him with troops and money, if necessary, to secure the Regency. He had seen a good deal of the new Secretary of State, Stanhope, in Spain, and still maintained a correspondence with him. Lord Stair, the British Ambassador, therefore, was placed in a more influential position with the Regent, and the Pretender and his ministers were but coldly looked on.At this juncture Napoleon proceeded to set all Europe against him. A conspiracy had been set on foot against his Government by the Royalists, notably by one Lajolais, who had formerly fought under Pichegru, and in 1794 had assisted him in his intrigues with the Bourbon princes. On arriving in London he had interviews with Pichegru, Georges Cadoudal, the Chouan chief, the Polignacs, the Count d'Artois, the Duke of Berry, etc., and assured them that such was the feeling against Buonaparte in France, that it only needed the appearance of the Royalist leaders, and their forming a league with Moreau, the victor of Hohenlinden, whom he truly represented as greatly disgusted with Buonaparte, to produce a revolution and crush the aspiring First Consul. The statements of Lajolais were listened to, and a vessel, under the command of Captain John Wesley Wright, was despatched to the coast of Brittany, with General Georges Cadoudal, the Marquis de la Rivire, the brothers Armand and Jules Polignac, and some others, whom he put safely ashore in the autumn of 1803. Pichegru, Georges Cadoudal, the Polignacs, de la Rivire, and the rest of the Royalists, about thirty in[497] number, had made their way to Paris, and were living there secretly, endeavouring to learn the real state of the public mind, and Pichegru and Cadoudal had been introduced to Moreau. Pichegru saw Moreau at least twice, and on one of these occasions he took with him Georges Cadoudal; but Moreau seemed taken by surprise by their communications with him, and was so horrified by the language and proposals of the daring Chouan, that he desired Pichegru not to bring that irrational savage again into his company. It appeared pretty clear that there was some mistake somewhere; and that Moreau, however much dissatisfied with Napoleon, was by no means disposed to enter into any Royalist conspiracy. Had the delegates found things ripe for such a revolution, they were to inform the Bourbon princes in London, and they were to make a strong descent on the coast of Brittany; but they all felt so satisfied that Lajolais had given them false information, that they were about to quit the capital, and to return to England, Captain Wright having been lingering with his frigate on the Breton coast for that purpose, when Fouch the Minister of Police, pounced upon them. He had been keeping a strict watch on all their movements; he had now established their intercourse with Moreau, and trusted to be able to make sufficient use of that fact to destroy both them and him. It was asserted, although there is no proof whatever of the fact, that the plan included the murder of the First Consul. Further, in order to bring odium upon England, Buonaparte succeeded, by means of his agents, in entrapping Messrs. Drake and Spencer Smith, our Ministers at the courts of Bavaria and Würtemberg, into consenting to the conspiracy. They knew nothing of the real plot, but being informed that a Royalist conspiracy was on foot, gave it a certain amount of countenance. Napoleon thereupon accused them of being accomplices in a diabolical plot to assassinate him, forced the Courts to which they were accredited to expel them, and circulated throughout Europe a violent attack on the British Government. In an exceedingly able and dignified reply Lord Hawkesbury pointed out that Britain was at war with France, and had a right, which she intended to use, to take advantage of the political situation in that country. Napoleon gained little by his Machiavellian man?uvre.
THREE:The literature of this period is more distinguished for learning and cleverness than for genius. There are a few names that rise above the smartness and mere accomplishment of the time into the regions of pure genius; but, with very few exceptions, even they bear the stamp of the period. We have here no Milton, no Shakespeare, no Herbert, no Herrick even, to produce; but De Foe, Addison, Steele, Thomson, and Pope, if they do not lift us to the highest creative plane, give us glimpses and traits of what is found there. For the rest, however full of power, there hangs a tone of "town," of a vicious and sordid era, about them, of an artificial and by no means refined life, a flavour of the grovelling of the politics which distinguished the period, and of the low views and feelings which occupied and surrounded the throne during the greater portion of this term.
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THREE:The business of the session now hastened to its close. Votes were given for forty thousand seamen and eleven thousand marines; for sixteen thousand British troops in Flanders, and twenty-three thousand for guards and garrisons at home. For the year's supplies six millions of pounds were voted, and then Parliament was prorogued on the 21st of April. In doing this, George told the Houses that he had ordered his army to pass the Rhine to support the Queen of Hungary. No sooner had Parliament closed, than George, accompanied by his son, the Duke of Cumberland, and Lord Carteret, hastened off to Germany. The British army, which the king had ordered to march from Flanders to aid the Austrians, had set out at the end of February. They were commanded by Lord Stair, and on their route were joined by several Austrian regiments under the Duke of Aremberg, and the sixteen thousand Hanoverians in British pay, who had wintered at Lige. They marched so slowly that they only crossed the Rhine in the middle of May. They halted at H?chst, between Mayence and Frankfort, awaiting the six thousand Hanoverians in Electoral pay, and an equal number of Hessians, who had been garrisoning the fortresses of Flanders, but who were now relieved by Dutch troops. Stair had now forty thousand men, and might easily have seized the Emperor at Frankfort. All parties had respected, however, the neutrality of Frankfort, and Stair did the same, probably because the Emperor, having no subjects to ransom him, might have proved rather a burden on his hands. De Noailles, on his part, had sixty thousand men, independently of the twelve thousand furnished to Broglie. He kept an active eye on the motions of the allied army, and as Stair encamped on the northern bank of the Main, he also passed the Rhine and encamped on the southern bank of the Main. The two camps lay only four leagues from each other, presenting a most anomalous aspect.In the comments with which he concluded his speech there were some signs of progress in the development of Free Trade ideas in the mind of the perplexed and trammelled Minister, which are interesting to read by the light of his later career. He still maintained, in deference to the views of those who surrounded him, that it was the duty of the Legislature to take precautions to ensure that the main source of our supply of food should be derived from domestic agriculture; but he admitted that any protection, beyond what would compensate for the alleged special burdens upon agriculture, could only be vindicated on the ground that it was for the interest of all classes of the community. Mr. Cobden, who in the autumn of the previous year had been returned for Stockport, said a few words after the speech. He declared himself not surprised at the position, constituted as the Government was; for he had not, he said, expected to gather grapes of thistles; but he denounced the sliding scale as an insult to a suffering people. Following him, Lord John Russell gave notice that he should move a resolution to the effect that it was not advisable in any alteration of the Corn Laws to adopt the principle of a graduated sliding scale; and Mr. Villiers gave notice that, on going into committee, he should take the sense of the House on the policy of imposing any duty whatever on the foreign corn or food imported into the country. The debate on Sir Robert Peel's proposition began on Monday, the 14th of February, and reached the close of its first stage on Wednesday, when Lord John Russell's motion was negatived by a majority of 123, in a House of 575. Mr. Villiers's motion was debated for five nights more, and finally negatived by a majority of 393 to 90. The Whigs now gave the people to understand that the eight shilling duty of the year before was abandoned, and that if they were again in power they would propose a lower sum. In Parliament the position of the Minister was by no means an enviable one. The Free Traders pressed him closely with questions which must have made him feel still more strongly the embarrassing part which he was compelled to play. In the House of Lords the Corn Importation Bill was passed with slight opposition. Lord Brougham proposed a resolution in favour of a perfectly free trade in corn, which was negatived. A resolution, moved by Lord Melbourne, in favour of a fixed duty, was also negatived by a majority of 117 to 49.