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FORE:In the House of Commons similar resolutions were moved on the 24th by Mr. Robert Peel, who, on this occasion, made the first of those candid admissions of new views which he afterwards repeated on the question of Catholic Emancipation, and finally on the abolition of the Corn Laws. This eminent statesman, though beginning his career in the ranks of Conservatism, had a mind capable of sacrificing prejudice to truth, though it was certain to procure him much obloquy and opposition from his former colleagues. He now frankly admitted that the evidence produced before the secret committee of the Commons, of which he had been a member, had greatly changed his views regarding the currency since in 1811 he opposed the resolutions of Mr. Horner, the chairman of the Bullion Committee. He now believed the doctrines of Mr. Horner to be mainly sound, and to represent the true nature of our monetary system; and, whilst making this confession, he had only to regret that he was compelled by his convictions to vote in opposition to the opinions of his venerated father. Several modifications were proposed during the debate, but there appeared so much unanimity in the House that no alterations were made, and the resolutions passed without a division. The resolutions were to this effect:��That the restrictions on cash payments should continue till the 1st of May, 1822; that, meanwhile, the House should make provision for the gradual payment of ten millions of the fourteen millions due from the Government to the Bank; that, from the 1st of February, 1820, the Bank should take up its notes in gold ingots, stamped and assayed in quantities of not less than sixty ounces, and at a rate of eighty-one shillings per ounce. After the 1st of October of the same year the rate of gold should be reduced to seventy-nine shillings and sixpence per ounce; and again on the 1st of May, 1821, the price should be reduced to seventy-seven shillings and tenpence halfpenny per ounce; and at this rate of gold, on the 1st of May, 1822, the Bank should finally commence paying in the gold coin of the realm. Bills to this effect were introduced into both Houses by the Chancellor of the Exchequer and Mr. Peel, and were readily[144] passed; and such was the flourishing condition of the Bank that it did not wait for the full operation of the Act, but commenced paying in coin to any amount on the 1st of May, 1821.

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FORE:But his great measure, at this period, was the blow aimed at the commerce of Britain, and comprised in his celebrated Berlin Decrees, promulgated on the 21st of November. He had subjugated nearly the whole of the European Continent. Spain, Portugal, Italy to the south of France, Belgium, Holland, Germany, and Prussia to the north, with nearly the whole seaboard of Europe, were under his hand and his armies. He had found that he could not invade England; her fleet had risen triumphant, his own fleet had disappeared like a vapour at Trafalgar. As, therefore, he could not reach her soil, he determined to destroy her by destroying her commerce, on which he imagined not merely her prosperity but her very existence depended. As he was master of nearly all Continental Europe, he supposed it as easy for him to exclude by his fiat the merchandise of Britain, as to put down old dynasties and set up new ones. He had yet to[528] learn that commerce has a conquering power greater than that either of martial genius or of arms.CHAPTER VI. PROGRESS OF THE NATION FROM THE REVOLUTION TO 1760.

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FORE:"The Minister might ask Parliament for power to suspend the Habeas Corpus Act, and to place all Ireland under military law. To ask for less would be ridiculous; because the Act against unlawful assemblies had failed, and, on account of its helplessness, was suffered to expire. Now, would Parliament grant such extensive powers to any Government merely that the Government might be enabled to debar his Majesty's Roman Catholic subjects a little longer from enjoying equal political privileges with Protestants? The issue was very doubtful��perhaps it was not doubtful at all. Parliament would never grant such powers. But, assuming that the powers were given, what must follow?��a general insurrection, to be put down after much bloodshed and suffering, and then a return to that state of sullen discontent which would render Ireland, ten times more than she had ever been, a millstone round the neck of Great Britain, and by-and-by, when military law ceased, and the same measure of personal liberty was granted to Irishmen which the natives of England and Scotland enjoyed, a renewal of agitation, only in a more hostile spirit, and the necessity of either reverting again and again to measures of coercion, or of yielding at last what, upon every principle of humanity and common sense, ought not to have been thus far withheld. But the Minister, if the existing Parliament refused to give him the powers which he asked, might dissolve, and go to the country with a strong Protestant cry; and this cry might serve his purpose in England and Scotland. Doubtless; but what would occur in Ireland?��the return of Roman Catholic members in the proportion of four to one over Protestants, and the virtual disfranchisement thereby of four-fifths of the Irish people. Would Ireland submit quietly to any law carried against herself in a House of Commons so constituted? Was it not much more probable that a dissolution would only lead to the same results which had been shown to be inevitable in the event of the existing Parliament acquiescing in the Ministers' views? And was there not, at all events, a chance that the electors, even, of England and Scotland, might refuse to abet a policy so pregnant with danger to themselves and to the commonwealth? But why move at all? Mr. O'Connell had been elected by the priests and rabble of Clare to represent them in Parliament. Let him retain this empty honour; or, better still, let him be summoned by a call of the House to the bar, and, on his refusal to take the oaths, issue a new writ, and go to a new election. In the first place, Mr. O'Connell could not be forced to attend to a call of the House, such call being obligatory only on members chosen at a general election; and in the next, if he did attend, what then? As soon as the new writ was issued, he would take the field again as a candidate, and again be elected; and so the game would continue to be played, till a dissolution occurred, when all those consequences of which we have elsewhere spoken would inevitably come to pass."Though the Duke of Wellington defended him-self against the persevering attacks of the financial reformers, he was busy making retrenchments in every department of the Public Service. So effectually did he employ the pruning-hook, that although the income of the previous year had fallen short of the estimate of the Chancellor of the Exchequer by ��560,000, he was able to present to the House this year a surplus of ��3,400,000 available for the reduction of taxation, still leaving an excess of income over expenditure of ��2,667,000 applicable to the reduction of debt. There was, consequently, a large remission of taxation, the principal item of which was the beer duty, estimated[310] at ��3,000,000. At the same time, in order to enable the Chancellor of the Exchequer to meet these reductions, an addition of one shilling a gallon was made to the duty on English spirits and of twopence on Irish and Scottish spirits. This Budget helped to clear the political atmosphere and brought a brief gleam of popularity to the Government. The Duke got full credit for an earnest desire to economise, and it was acknowledged by the Liberal party that he had given the most important financial relief that the nation had experienced since the establishment of peace. Notwithstanding, however, the general satisfaction, and the loud popular applause, the pressure of distress was not sensibly alleviated. The burden indeed was somewhat lightened, but what the nation wanted was greater strength to bear financial burdens, a revival of its industrial energies, and facilities for putting them forth with profit to themselves and to the country. Remissions of taxation were but the weight of a feather, compared to the losses sustained by the action of the currency. For while the reductions only relieved the nation to the extent of three or four millions, it was estimated that the monetary laws, by cutting off at least fifty per cent. from the remuneration of all branches of industry, commercial and agricultural, had reduced the incomes of the industrial classes to the extent of a hundred and fifty millions yearly.

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FORE:If the man who turnips cries,

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FORE:The deaths of monarchs, however, were peculiarly fatal to this ambitious man; that of Queen Anne had precipitated him from power, and rescued his country from the ruin he prepared for it; that of George now came as opportunely to prevent the national calamity of his ministry. George set out for Hanover on the 3rd of June, accompanied, as usual, by Townshend and the Duchess of Kendal. Just before his departure the youthful Horace Walpole saw him for the first and last time. When the king was come down to supper, Lady Walsingham took Walpole into the Duchess's ante-room, where George and his favourite were alone. Walpole knelt and[57] kissed the king's hand. George appeared in his usual health.In the army the cocked-hat and pigtail at first prevailed, but these were soon dismissed, as well as the great jack-boots of the cavalry. With the employment of the Hessian soldiers in the American war, and afterwards on the Continent, there prevailed amongst English gentlemen the Hessian boot; instead of the queue, cropped hair and close-fitting small hats became the vogue. Powdering became profuse, both amongst ladies and gentlemen, till Pitt taxed it, when it vanished, except from the heads of particularly positive old gentlemen and servants.

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FORE:Whilst Dumouriez had thus overrun the Netherlands, other French generals had been equally pushing on aggressions. Custine, with about twenty thousand men, had marched upon the German towns on the Rhine; had taken Spires, Worms, and Mayence by the 21st of October. These towns abounded with Democrats, who had imbibed the grand doctrine of the Rights of Man, and laboured, to their cost, under the same delusion as the Belgians��that the French were coming solely for their liberation and advantage. Custine advanced to Frankfort-on-the-Main, which he plundered without mercy. Custine called loudly for co-operation from Kellermann; but Kellermann not complying, he was superseded by Beurnonville, who was ordered to take Tr��ves. He attempted it, but too late in the season, and failed. Custine, who had advanced too far from the main army to support his position, still, however, garrisoned Frankfort with two thousand men, and took up his own quarters at Ober-Ursel and Homburg, a little below Frankfort, in the commencement of December.

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