THREE:The new Parliament met on the 14th of November. Mr. Manners Sutton was re-elected Speaker. A week was spent in the swearing-in of members, and on the 21st the Session was opened by the king in person. In the Royal Speech allusion was made to the throwing open of the ports for the admission of foreign grain, and the distress that had visited the manufacturing districts. The Address was carried in the Upper House without a division, and in the Lower House an amendment, moved by Mr. Hume, found only twenty-four supporters. On the 5th of December Alderman Waithman moved for a committee of inquiry with reference to the part taken by members of Parliament in the Joint Stock mania of 1824-5-6. He stated that within the last three years six hundred joint-stock companies had been formed, most of them for dishonest purposes. The directors of these fraudulent schemes worked with the market as they pleased, forcing up the prices of shares to sell, and depressing them to buy, pocketing the difference. He dwelt particularly on the Arignon Mining Company, of which the late chairman of the Committee of Ways and Means, Mr. Brogden, had been a director. The directors of this company, besides an allowance of three guineas per day for the use of their names, had divided between them a large surplus, arising from traffic in shares. Other members of the House, he alleged, had enriched themselves by bubble companies, particularly Sir William Congreve. At the suggestion of Mr. Canning, the inquiry was restricted to the Arignon Company. A vast amount of loss and suffering had been inflicted by these bubble companies. A check was given to the steady and wholesome progress of the country by the fever of excitement, followed by a sudden and terrible collapse. Healthful commerce was blighted, and one of the worst results of the revulsion was that it not only swept away the delusive projects of adventurers, but paralysed for a season the operations of legitimate enterprise. The commercial atmosphere, however, had been cleared by the monetary crisis of 1825-6. An extensive decomposition of commercial elements was effected. Masses of fictitious property were dispersed, and much of the real capital of the country was distributed in new and safe channels, which caused the year 1827 to open with more cheering prospects.
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ONE:GIUSEPPE GARIBALDI.
ONE:Meanwhile, Sir Robert Peel applied himself with great energy and diligence to the legislative work that he had proposed for his Government. On the 17th he moved for leave to bring in a Bill to relieve Dissenters from the disabilities under which they laboured with regard to the law of marriage. It was felt to be a great grievance that Nonconformists could not be married except according to the rites of the Established Church, to which they had conscientious objections. Attempts had been made by the Whigs to relieve them, but in a hesitating manner, and with only a half recognition of the principle of religious equality. Sir Robert Peel took up the subject in a more liberal spirit and with more enlightened views. He proposed that, so far as the State had to do with marriage, it should assume the form of a civil contract only, leaving the parties to solemnise it with whatever religious ceremonies they chose. The Bill for this purpose met the approval of the House, and would have satisfied the Dissenters if Sir Robert Peel had remained in office long enough to pass it. All the committees of the preceding year were reappointed, in order to redeem, as far as possible, the time lost by the dissolution. A measure was brought forward for the improvement of the resources of the Church of England, by turning some of the larger incomes to better account, and by creating two additional bishoprics, Ripon and Manchester. The Premier did not act towards the Dissenters in the same liberal spirit with regard to academic education as he did with regard to marriage. They were excluded from the privileges of the Universities; and yet when it was proposed to grant a charter to the London University, that it might be able to confer degrees, the Government opposed the motion for an Address to the king on the subject, and were defeated by a majority of 246 to 136.
