ONE:Fortunately, the princess was safely delivered at St. James's (June 4), though the house was unprepared for such an emergencythe rooms and beds being unaired, and there being no adequate suite of servants. The moment that the king heard of this extraordinary conduct of the prince, he despatched Walpole and Lord Harrington to attend the birth, but they were too late. After that the king repulsed all the prince's advances towards a reconciliation. Frederick betook himself to Norfolk House, St. James's Square, and there all the opponents of his father's Government collected around him. The prince was now the head and centre of the Opposition himself.But this little episode of the war presented one bright spot amid the vast picture of miserable mismanagement, want of concert and of activity, amongst the Allies engaged against France. The campaign of 1794 was most disgraceful and discouraging. The plan still was for the different armies of the Allies to advance from the different frontiers, north, west, east, and south, and concentrate themselves on Paris; but all the activity and concentration were on the side of the French. In the very commencement of it, it was observed that Prussia was not bringing by any means the stipulated amount of forces into the field. The king, thinking much more of securing his Polish robberies than of co-operating against France, remained in Poland, and was even discovered to be secretly negotiating with the French Convention for peace. Britain was alarmed at this symptom of Prussian defection and made strong remonstrances. Frederick William coolly replied that it was impossible for him to go on without a large sum of money. The hint of Prussia was not lost; money was promised, and in April of this year a subsidy of two millions two hundred thousand pounds was paid to Prussia to secure her more active operation, and on condition that she brought into the field sixty thousand men. The bulk of this money was paid by Britain, a small fraction by Holland; and what was the result? The King of Prussia sent very few troops into the field, but employed the money in paying and[433] maintaining armies to keep down the invaded provinces of Poland, and to invade more! Thus Britain was duped into the disgraceful business of riveting the fetters of unhappy Poland; and it would have been well had this taught the British Government wisdom. But it was now intent on that astonishing career of subsidising almost all the nations of Europe against France; of purchasing useless German soldiers at astounding prices; of pouring out the wealth and blood of Britain like water to enable the Germans and Russians to defend their own hearths and homes, and in vain. The results of this subsidy ought to have satisfied Britain, and would have satisfied any other nation; for it did not long retain Prussia as an ally, even in name.
TWO:On the death of Stanhope, Sir Robert Walpole was left without a rival, and he received his commission of First Lord of the Treasury on the 2nd of April, and from this period down to 1742 he continued to direct the government of Great Britain. His chief anxiety now was to restore the public credit. He drew up, as Chairman of the Committee of the Commons, a report of all that had been lost in the late excitements, and of the measures that had been adopted to remedy the costs incurred. Amongst these were the resolutions of the House respecting the seven and a half millions the directors of the South Sea Company had agreed to pay to Government; more than five had been remitted, and we may add that on the clamorous complaints of the Company the remainder was afterwards remitted too. The forfeited estates had been made to clear off a large amount of encumbrance, the credit of the Company's bonds had been maintained, and thirty-three per cent. of the capital paid to the proprietors. Such were the[49] measures adopted by the Commons, and these being stated in the report to the king, a Bill was brought in embodying them all. Many of the proprietors, however, were not satisfied. They were very willing to forget their own folly and greediness, and charge the blame on the Government. On the second reading of Walpole's Bill they thronged the lobby of the House of Commons. The next day the Bill was carried, and gradually produced quiet; but Walpole himself did not escape without severe animadversions. He was accused of having framed his measures in collusion with the Bank, and with a clear eye to his own interest; but he had been strenuously vindicated from the charge, and on the whole the vigour and boldness with which he encountered the storm and quelled it deserve the highest praise, and may well cover a certain amount of self-interest, from which few Ministers are free.
Duis bibendum diam non erat facilaisis tincidunt. Fusce leo
neque, lacinia at tempor vitae, porta at arcu. Vestibulum
varius non dui at pulvinar. Ut egestas orci in quam
sollicitudin aliquet.
