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ONE:Of course, the commercial changes introduced by Mr. Huskisson and Mr. Robinson excited loud murmurs of dissatisfaction from the interests affected, especially the shipping interest. But the best answer to objectors was the continuously flourishing state of the country. At the opening of the Session in 1825, Lord Dudley and Ward, in moving the Address in answer to the King's Speech in the Upper House, observed:��"Our present prosperity is a prosperity extending to all orders, all professions, and all districts, enhanced and invigorated by the flourishing state of all those arts which minister to human comfort, and those inventions by which man obtains a mastery over nature by the application of her own powers, and which, if one had ventured to foretell a few years ago, it would have appeared almost incredible." This happy state of things was the result of a legitimate expansion of trade. Manufacturers and merchants were at first guided by a spirit of sober calculation. The steady advance in the public securities, and in the value of property of all sorts, showed that the national wealth rested upon a solid basis. The extension of the currency kept pace with the development of trade and commerce, and the circulation of bankers' paper was enormously increased. But out of the national prosperity there arose a spirit of rash speculation and adventure, resulting in a monetary crisis. The issue of notes by country banks was under no restriction; no measures were taken to secure that their paper represented property, and could be redeemed if necessary. There were hundreds of bankers in the provinces who could issue any quantity of notes they pleased, and these passed as cash from hand to hand. The spirit of speculation and enterprise was stimulated to a feverish degree of excitement by the recognition of the states of Colombia, Mexico, and Buenos Ayres, formally announced in the King's Speech on the 3rd of February, which said that treaties of commerce had been made with those new states. The rich districts of South America being thus thrown open, there was a rush of capitalists and adventurers to work its inexhaustible mines. A number of companies was formed for the purpose, and the gains of some of them in a few months amounted to fifteen hundred per cent. The result was a mania of speculation, which seized upon all classes, pervaded all ranks, and threw the most sober and quiet members of society into a state of tumultuous excitement. Joint-stock companies almost innumerable were established, to accomplish all sorts of undertakings. There were thirty-three companies for making canals and docks, forty-eight for making railroads, forty-two for gas, twenty insurance companies, twenty-three banking companies, twelve navigation packet companies, five indigo and sugar companies, thirty-four metal companies, and many others. The amount of capital subscribed in these various companies, which numbered two hundred and seventy-six, was upwards of ��174,000,000. In connection with South America there was the Anglo-Mexican Company, the Brazilian, the Colombian, Real de Monte, and the United Mexican. On the South American shares only ten pounds each had been paid, except the Real de Monte, on which ��70 had been paid. We may judge of the extent to which gambling speculation was carried from the following statement of the market prices of the shares, in five of the principal mining companies[243], at two periods, December 10th, 1824, and January 11th, 1825:��The Conservative party had got the impression that the commercial interest in the House of Commons would swamp the landed interest, in consequence of the preponderance of the representatives of cities and boroughs. But that impression was shown to be a delusion by many votes. The number who supported a motion of Lord Chandos on the 27th of April, 1836, was, considering its nature, remarkable:��"That in the application of any surplus revenue towards the relief of the burdens of the country, either by remission of taxation or otherwise, due regard should be had to the necessity of a portion thereof being applied to the relief of the agricultural interest." That interest had been relieved to a considerable extent in a variety of ways during the recent progress of legislation, and especially by the Poor Law Amendment Act, which had been an immense boon to both landlords and tenants. The policy of the motion of Lord Chandos was so unsound that Sir Robert Peel, Lord Stanley, and Sir James Graham felt constrained to vote with Ministers[407] for its rejection. The motion was defeated by 211 votes to 150. TWO:But whilst England had been thus preparing for the augmentation of the navy, America had been aiming a blow at the efficiency of that navy, which must for years, if successful, have prostrated our whole maritime forces, and exposed our shores to the easiest invasion. This intended blow was nothing less than the destruction of our great naval dockyards and arsenals, and military storehouses, at Portsmouth and Plymouth. The chief agent in this infamous design, if the evidence of a miscreant can be believed, was Silas Deane. On the 7th of December the rope-house of the Royal Dockyard at Portsmouth was found to be on fire. By active exertions it was got under, after it had destroyed that building, and was imagined to be an accident. But on the 15th of January, 1777, one of the officers of the dockyard found a machine and combustibles concealed in the hemp in the hemp-house of the same dockyard. Suspicion now fell on a moody, silent artisan, who, on the day of the fire, had been looking about the dockyard, and who, by some chance, had got locked up in the rope-house the night before. His name was not known, but the[234] fact only that he was a painter, and had been called John the Painter. Government immediately offered a reward of fifty pounds for his apprehension; the same sum, with a strange simplicity, being offered to him if he would surrender himself for examination. Nothing, however, could be learned of him in Portsmouth or the country round; but fresh fires were now breaking out at Plymouth Dockyard and on the quays of Bristol. At Plymouth the fire was instantly checked, and the perpetrator was nearly seized. At Bristol the fire was laid near a narrow, deep creek, crowded with shipping, which was nearly dry at low water, so that it was impossible to get the shipping out. Six or seven warehouses were destroyed, but the shipping escaped. In another house at Bristol combustibles were discovered, and the alarm became general that the American incendiaries, having failed to burn New York, were come to England to burn our dockyards and maritime houses. Fortunately, in the beginning of February, a man was apprehended for the perpetration of a burglary at Odiham, in Hampshire; and, by the activity of Sir John Fielding, the London magistrate, he was identified as John the Painter. When brought before Sir John and other magistrates in town, the man conducted himself with tact and address. Though closely examined and cross-questioned by some of the members of the Privy Council, by Lords of the Admiralty, and other officers of the board, he maintained the scrutiny without betraying any embarrassment, or letting anything escape him that could in any degree incriminate him. A confession was, however, wormed out of him by another painter, named Baldwin. Silas Deane, John the Painter declared, according to Baldwin's evidence, had encouraged him to set fire to the dockyards of Plymouth and Portsmouth, Woolwich and Chatham, as the most effectual means of disabling Great Britain; that he gave him bills to the amount of three hundred pounds on a merchant in London, and promised to reward him according to the amount of service he should do to the American cause. Before his execution he freely admitted the truth of the charges against him. He confessed to having twice attempted to fire the dockyard at Plymouth, and to burning the warehouses at Bristol, having in vain endeavoured to deposit his combustibles on board the ships. He, moreover, stated that he had a recommendation from Silas Deane to Dr. Bancroft, in London, to whom he had declared that he would do all the harm he could to England; that the doctor did not approve of his conduct, but had, at his request, promised not to betray him.

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ONE:The depth of Walpole's mortification, however, was shown by the vengeance he took on those who had opposed him. This fell with peculiar weight on Lord Chesterfield. Chesterfield had acquired a great reputation by his able management of affairs at the Hague. Since his return he had become Lord Steward of the Household, and a frequent and much admired debater in the House. But Chesterfield was too ambitious himself to stoop patiently to the domineering temper of Walpole. He was said to have thrown out some keen sarcasms at Walpole's Excise Bill, and his three brothers in the Commons voted against it. Only two days after the abandonment of the Bill, as Chesterfield was ascending the staircase at St. James's, he was stopped by an attendant, and summoned home to surrender the White Staff. The same punishment was dealt out to a number of noblemen who acted in concert with him. Lord Clinton, a Lord of the Bedchamber, the Earl of Burlington, Captain of the Band of Pensioners,[64] were dismissed, as well as the Duke of Montrose, and the Earls of Marchmont and Stair from offices held in Scotland. The Duke of Bolton and Lord Cobham were, by a most unjustifiable stretch of authority, deprived of their regiments.In the lives of English painters the story of Benjamin Robert Haydon is perhaps the saddest. In youth he devoted himself with such zeal to the study of art that people wondered how he ever found time to eat. He was one of those men of genius who may be called "unlucky." He was always in pecuniary difficulties, though his father allowed him ��200 per annum in the earlier part of his career. He applied for admission into the Academy, but did not obtain a single vote; and he got involved in controversies, which continued to embitter his life. He succeeded at last, however, by his energy, in commanding public attention and winning fame. For the "Judgment of Solomon" he received ��700, with ��100 voted to him by the directors of the British Institution, and the freedom of Plymouth. His pictures were, however, very unequal; here and there was a powerful piece of work, but the whole was generally rough and unfinished. He committed suicide in 1846. Sculpture, which was then at its lowest ebb, was relieved alone from vacuity by the works of Chantrey, Flaxman, and Gibson. TWO:

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ONE:Pitt's expeditions were not particularly well arranged. Instead of sending an army of thirty or forty thousand to the Baltic, and calling on Russia to do the same, which she could have done, notwithstanding the army under the Emperor Alexander, he sent only about six thousand, and sent another eight thousand from Malta, to co-operate with twelve thousand Russians in a descent on the kingdom of Naples. This expedition might have been left till the success in the North was secured; in truth, it had better have been left altogether. When General Don and Lord Cathcart landed in Swedish Pomerania, and were joined by the king's German legion and some other German hired troops, our army amounted only to sixteen thousand men, the Swedes to twelve thousand, and the Russians to ten thousand��altogether, not forty thousand men. But what was worse than the paucity of numbers was the disunion amongst the commanders. Lord Harrowby was sent to Berlin, to endeavour to induce Prussia to join this coalition, but Prussia was well aware of the want of unity in the Allied Army, and, weighing probabilities, she could not be moved. The King of Sweden was so incensed at the cold, shuffling conduct of the King of Prussia, that he wrote him some very indignant and undiplomatic letters, which only furnished him with a further excuse for holding aloof. Gustavus, seeing no good likely to be done, resigned his command of the Allied Army, where, indeed, he had enjoyed no real command at all, and retired with his forces to Stralsund. This was a fatal exposition of want of unity, and it was not till three weeks were gone that the breach was healed. By this time it was the middle of November. Ulm had surrendered, Napoleon was master of Vienna, and Prussia was still watching what would be the fate of the coming battle between Napoleon and the Emperors of Austria and Russia. The union of the Allies came too late; the force was altogether too small to turn the scale of the campaign. Had Gustavus marched into Hanover a month earlier, with sixty thousand men, he might have rendered Austerlitz a nonentity; as it was, he had only time to invest Hameln, where Bernadotte had left a strong garrison, when the news of Austerlitz arrived, and caused the Allies to break up the campaign, and each to hurry off to his own country. TWO:Napoleon had so far executed his plans with wonderful success. He had rescued Bavaria, reduced the enemy's army and prestige at once by the capture of Ulm and Vienna, and had driven the Austrians simultaneously from Upper Italy and the Tyrol. But still his situation, for any general but himself, was very critical. The defeated army of the Emperor Francis had united itself to that of the young Emperor of Russia, in Moravia; the two archdukes were mustering great bodies of troops on the confines of Hungary, ready to rush forward and swell the Austro-Russian army; and the King of Prussia was watching the movements of the two parties, ready to strike, if France met with a reverse. Napoleon saw that his only security lay in a bold and decisive blow. He therefore crossed the Danube on the 23rd of November, and began a brisk march into the heart of Moravia, to attack the main body of the Allies under their two Emperors. He was soon before Brünn, its little capital, and the Allies retreated, at his approach, as far as Olmütz. This movement was, however, made to form a junction with the twenty-four thousand men under Benningsen. This being effected, they amounted to about eighty thousand men, but of these, many of the Austrians were troops already discouraged by defeat, and many more were raw recruits. The French were in number about equal, but consisting of veteran soldiers flushed with victory. On the 2nd of December Napoleon brought on the battle of Austerlitz, and before the close of the day the forces of the Coalition were completely beaten, losing upon the field some 27,000 killed and wounded, 20,000 prisoners, and 133 pieces of cannon.On the 30th of August they reached Blair Castle. The Duke of Athol, the proprietor, fled at their approach, and old Tullibardine resumed his ancestral mansion, and gave a splendid banquet there to Charles and his officers. On the third day they resumed their march, and reached Perth on the 4th of September, which the prince entered on horseback, amid loud acclamations. Whilst at Perth he received two valuable accessions to his party��the titular Duke of Perth, who brought with him two hundred men, and Lord George Murray, the brother of the Duke of Athol, and a man of considerable military experience.

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ONE:MR. ALEXANDER'S LEVES IN KING'S BENCH PRISON. (See p. 310.) TWO:

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