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福利诱惑雏田色图_福利院领养孩子_福利院是干嘛的_福利云folieyun

Here, then, our history of the political transactions of the reign of George III. terminates. That reign really terminated in 1811, with the appointment of the Regency, which continued the ruling power during the remainder of his life. From that date it is really the history of the Regency that we have been prosecuting. But this was necessary to maintain the unity of the narrative of that most unexampled struggle which was involving the very existence of every nation in Europe. Of all this the poor old, blind, and deranged king knew nothinghad no concern with it. The reins of power had fallen from his hands for ever: his "kingdom was taken from him, and given to another." He had lived to witness the rending away of the great western branch of his empire, and the sun of his intellect went down in the midst of that tempest which threatened to lay in ruins every dynasty around him. We have watched and detailed that mighty shaking of the nations to its end. The events of the few remaining years during which George III. lived but did not rule, were of a totally different character and belong to a totally different story. They are occupied by the national distresses consequent on the war, and the efforts for reform, stimulated by these distresses, the first[119] chapter of which did not close till the achievement of the Reform Bill in 1832.

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ONE:The honour conferred upon Ireland and Hanover by the royal visits had excited the jealousy of Scotland; and the most ardently loyal of the nobility and people of that country were extremely desirous that a similar honour should be conferred upon them. The king complied with their request, and started on the 10th of August. "There were great preparations," says Lord Eldon, "to make his embarkation and voyage down the river one of the finest exhibitions ever seen upon the surface of old Father Thames." The river and its banks, from London to Greenwich, appeared in the highest state of animation, swarming with human life and gay with brilliant decorations. A party of hussars, guarding a plain carriage, were his Majesty's only equipage. The shouts of the different groups of spectators attended his progress along the road to Greenwich, until the royal standard floating over the Hospital announced his arrival. Thousands of voices hailed him as the yacht departed with a favourable breeze; and as he passed Woolwich a royal salute was fired, and the regiment on duty at the Arsenal presented arms. At Tilbury Fort, Southend, and Sheerness he met with lively demonstrations of loyalty. At the last named place the Lord Mayor, and other authorities who had escorted him down the river, parted from the royal squadron and returned in their barge to town. The tide now checked the king's progress, and the ships lay-to in the channel till morning. At Harwich, Scarborough, and other places, crowds of people put off in boats as the squadron neared the shore. It was twice becalmed; and it was not till the 14th that the Royal George cast anchor off Leith.Cope had landed his force at Dunbar on the very day that the prince entered Edinburgh. His disembarkation was not completed till the 18th. Lord Loudon had joined him at Inverness with two hundred men, and now he met the runaway dragoons, six hundred in number, so that his whole force amounted to two thousand two hundred mensome few hundreds less than the Highlanders. Sir John took the level road towards Edinburgh, marching out of Dunbar on the 19th of September. Next day Lord Loudon, who acted as adjutant-general, rode forward with a reconnoitring party, and soon came back at a smart trot to announce that the rebels were not approaching by the road and the open country to the west, but along the heights to the south. Sir John, therefore, altered his route, and pushed on to Prestonpans, where he formed his army in battle array. He placed his foot in the centre, with a regiment of dragoons and three pieces of artillery on each wing. His right was covered by Colonel Gardiner's park wall and the village of Preston; his left extended towards Seaton House, and in his rear lay the sea, with the villages of Prestonpans and Cockenzie. Between him and the Highlanders was a deep morass.
ONE:[See larger version]Dr. Gilbert Burnet, Bishop of Salisbury (b. 1643)[146] who figures so prominently in the reign of William and Mary, and who rendered such essential service to the establishment of religious liberty, is the great historian of his time. Without his narratives of his own period, we should have a very imperfect idea of it. With all his activity at Court and in Parliament, he was a most voluminous writer. His publications amount to no less than a hundred and forty-five, though many of these are mere tracts, and some of them even only single sermons. His earliest productions date from 1669, and they continued, with little intermission, to the time of his death in 1715a space of forty-six years. His great works are "The Reformation of the Church," in three volumes, folio, 1679, 1681, and 1715; and his "History of His Own Times," in two volumes, published after his death in 1724. Burnet lays no claim to eloquence or to much genius, and he has been accused of a fondness for gossip, and for his self-importance; but the qualities which sink all these things into mere secondary considerations are his honesty and heartiness in the support of sound and liberal principles far beyond the majority of his fellow prelates and churchmen. Whilst many of these were spending their energies in opposing reform and toleration, Burnet was incessantly, by word and pen, engaged in assisting to build up and establish those broad and Christian principles under which we now live. Besides the great works named, he wrote also "Memoirs of James and William, Dukes of Hamilton;" "Passages in the Life and Death of Wilmot, Earl of Rochester;" a "Life of Bishop Bedell;" "Travels on the Continent;" "An Exposition of the Thirty-nine Articles," etc. etc.
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TWO:[See larger version]The world looked on in astonishmentdiplomatists in dread of more secret and momentous compacts, and that not without cause. In the heat of this hastily-formed alliance, it was proposed to marry the young Archduchess, the heiress of the Austrian States, to one of the Infants of Spaina contract, if carried out, which would probably have overthrown all that had been done at such cost of life and wealth for the establishment of the balance of power. This dangerous project was frustrated by other events, but serious engagements were entered into for compelling England to surrender Gibraltar and Minorca to Spain, and for placing the Pretender on the throne of Great Britain.

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FORE:The remnant of the Mahratta army fled northwards, pursued and continually reduced by the British. At the same time the reduction of the towns and forts was steadily going on, and every day the fugitive Peishwa became more and more involved in the toils of his enemies. He endeavoured to escape into Nagpore, but on the banks of the Wurda he was met, on the 1st of April, by Colonel Scott and driven back, only to fall into the hands of Colonel Adams, who attacked him near Soonee with only one regiment of native cavalry and some horse artillery, and gave him a thorough defeat, taking five guns, three elephants, and two hundred camels. More than a thousand Mahrattas fell, and the Peishwa himself narrowly escaped, his palanquin, which he had abandoned, being found shot through. Bajee Rao now endeavoured to get to the north-east into Malwa, but he was stopped by General Sir Thomas Hislop, who was advancing from that quarter towards the Deccan. At length, his forces dispersed, his towns in possession of the British, his way on all sides cut off, the Peishwa came in and surrendered himself to Sir John Malcolm, on the 3rd of June, 1818, on promise of good treatment. Sir John granted him eight lacs of rupees per annum, on condition that he resigned the title of Peishwa for ever, and surrendered all his possessions. This was confirmed by the Supreme Government at Calcutta. Thus was the existence of the Pindarrees, and the power of the Mahrattas, broken up, and the Rajah of Satara restored. He was a minor, but on reaching the age of twenty-one, which was in the year 1821, he was invested with the government of his dominions. These included a district of about eleven thousand square miles, and produced a net revenue of fifteen million rupees. Out of this, however, three lacs per annum were reserved for chiefs who had become subjects of the Company, and three more lacs were alienated. As for Trimbukjee, whose crimes and murders had determined the British to secure him at any cost, he was discovered, after a long quest, in the neighbourhood of Nassick, by Captain Swanston, and carried to Tannah, the prison from which he had escaped. He was thence transferred to Calcutta, and finally to the rock of Chunar, near Benares. The last success of this war was the reduction of the fortress of Aseerghur, one of the most formidable strongholds in India, which had undergone some most arduous sieges.After this complete surrender the House resumed its labours in committee on the Bill on the 1st of June. Few alterations were made, and the thinned ranks of the Opposition ceased to throw obstacles in the way. The third reading was carried by a majority of 84, the numbers being 106 and 22. The Lords' amendments having been acquiesced in by the Commons, the Bill was referred to the Upper House, and on the 7th of June it received the Royal Assent by commission, the Commissioners being Lords Grey, Brougham, Lansdowne, Wellesley, Holland, and Durham. The king was so hurt by the coercion to which he had been subjected, and by the insults heaped upon himself, the queen, and all belonging to him, that nothing could persuade him to go to the House and give his assent in person. "The question," he said, "was one of feeling, not of duty; and as a Sovereign and a gentleman he was bound to refuse."

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FORE:Soult sent on Marshal Victor, without delay, to surprise and seize Cadiz. But the Duke of Albuquerque, with eight or ten thousand men, had been called at the first alarm, and, making a rapid march of two hundred and sixty English miles, reached the city just before him. The garrison now consisted of twenty thousand menBritish, Spanish, and Portuguesecommanded chiefly by General Graham, an officer who had distinguished himself at Toulon, at the same time that Buonaparte first made his merit conspicuous. The British troops had been offered by Lord Wellington, and, though insolently refused by the Junta before, were now thankfully accepted.[602] Some were hastened from Torres Vedras, under command of the Hon. Major-General Stewart, and some from Gibraltar. The British, independent of the Portuguese under their command, amounted to six thousand. The Spanish authorities, having their eyes opened at length to the value of the British alliance, now gave the command of their little fleet to Admiral Purvis, who put the ships, twenty in number, into tolerable order, and joined them to his own squadron. With these moored across the harbour, he kept the sea open for all necessary supplies; and though Soult, accompanied by King Joseph, arrived on the 25th of February, and sat down before the place, occupying the country round from Rota to Chiclano, with twenty-five thousand men, he could make no impression against Cadiz, and the siege was continued till the 12th of August, 1812, when the successes of Wellington warned them to be moving. It was an essential advantage to Wellington's campaign that twenty-eight thousand French should thus be kept lying before this place.But these assumptions of new territories and new honours had, as we have seen, alarmed the Northern Powers and Austria. They saw that they could have no peace with such a man, except it were a peace of continual encroachment, humiliation, and slavery, and Russia went so far as to recall her Ambassador, though without a declaration of war.[504] There was the utmost necessity for union, caution, and the exertion of every ability. But the folly and incapacity of those nations appeared to rise in intensity in proportion to the actual need of wisdom, and to the genius of their enemy. Britain, could give them money, but she could not give them talent and sagacity. Before Russia could march down to unite with Austria, Austria, which had so long hung back, and thus delayed the operations of Alexander, now showed as fatal a temerity, and commenced the campaign alone. She rushed into Bavaria, whose Elector, Maximilian Joseph, had entered into league with Buonaparte, in common with Würtemberg and other German States. The Emperor Francis had despatched Schwarzenberg to Munich, to endeavour to prevail on him to unite with Austria against the common enemy of Germany. Maximilian Joseph pleaded that he was quite resolved on doing that, but that his son was travelling in France, and he prayed time to recall him, or Buonaparte would wreak his vengeance upon him. This should have induced Francis of Austria to delay at least a sufficient time for this purpose, especially as it gave another chance for the decision of Prussia in their favour, when it saw the Russians already on the march. Whether the Elector of Bavaria would eventually have kept his promise is doubtful, for Napoleon was, on the other hand, pressing him close, through his Ambassador, M. Otto, to proclaim openly the secret alliance concluded with France.

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FORE:General Montgomery reached the St. Lawrence, and detached six hundred men to invest Fort Chambly, situated on the river Sorel, about five miles above Fort St. John. The menaced condition of Quebec compelled General Carleton to abandon Montreal to its fate, and to hasten to the capital, and Montgomery immediately took possession of it. So far all succeeded with the American expedition. Carleton, to reach Quebec, had to pass through the American forces on the St. Lawrence. He went in disguise, and dropped down the river by night, with muffled oars, threading the American craft on the river, and so reached Quebec alone, but in safety. Montgomery was determined to fall down the St. Lawrence too, to support Arnold; but his position was anything but enviable. He had been obliged to garrison Forts Chambly and St. John's, and he was now compelled to leave another garrison at Montreal. This done, he had only four hundred and fifty men left, and they were in the most discontented and insubordinate condition. As he proceeded, therefore, he found them fast melting away by desertion; and, had he not soon fallen in with Arnold and his band at Point aux Trembles, he would have found himself alone.

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THREE:It was not long before the Third Estate was discovered to be in hopeless antagonism with the Court and privileged Orders, and they resolved to act separately. They must act for themselves and for the people at large, or, by further delays, lose all the advantages of the moment. They resolved to assume the character of the representatives of the entire nation. Siys declared that the Commons had waited on the other Orders long enough. They had given in to all the conciliations proposed; their condescensions had been unavailing; they could delay no longer, without abandoning their duty to the country. A great debate arose regarding the name that the body of deputies which resolved to become the real legislative power should choose. Mirabeau proposed, the "Representatives of the People;" Mounier, "The Deliberative Majority in the absence of the Minority;" and Legrand, "The National Assembly." The proposal of Mounier was soon disposed of; but there was a strong inclination in favour of "The National Assembly," and Mirabeau vehemently opposed it. The name of "National Assembly" had, it is said, been recommended to Lafayette by Jefferson, the American Minister, and as Lafayette had not yet ventured to move before his Order, and join the Tiers tat, Legrand, an obscure member, and lately a provincial advocate, was employed to propose it. But Siys had, in his famous brochure on the "Rights of Man," long before thrown out these words:"The Tiers tat alone, it will be said, cannot form a States General. So much the better; it will constitute a National Assembly!" On the 15th of June, Siys proposed that the title should be "The National Assembly of Representatives, known and verified by the French Nation." Mirabeau indignantly repelled the title in any shape. He declared that such a title, by denying the rights and existence of the other two Orders, would plunge the nation into civil war. Legrand proposed to modify the name by making it "The General Assembly." Siys then came back to his original title of simply "The National Assembly," as devoid of all ambiguity, and Mirabeau still more violently opposed it. But it was soon seen that this name carried the opinion of the mob with it; the deputies cried out loudly for it; the galleries joined as loudly in the cries. Mirabeau in a fierce rage read his speech, said to have been written by his friend Dumont, before the president Bailly, and withdrew, using violent language against the people who had hooted him down, declaring that they would soon be compelled to seek his aid. He had protested in his speech that the veto, which some of the deputies wished to refuse to the king, must be given to him; that without the royal veto he would rather live in Constantinople than in France; that he could conceive nothing more dreadful than the sovereignty of six hundred persons; that they would very soon declare themselves hereditary, and would[360] finish, like all other aristocracies that the world had ever seen, by usurping everything. These words, only too prophetic, had brought down upon him a tempest of execration; and writhing under it he had hastened to the Court and had an interview with Necker, warning him of the danger of the crisis, and offering to use his influence in favour of the king's authority. Necker received him coldly, and thus Mirabeau was thrown back on the people. Siys's motion was carried by a majority of four hundred and ninety-one against ninety; and the National Assembly was proclaimed amid loud acclamations, mingled with cries of "Vive le Roi!"Mr. Williams, made Baron of the Exchequer 3,300
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THREE:To procure peace, Madison now sought the good offices of the Emperor Alexander of Russia with Great Britain, and these offices were readily accepted, for the latter had never willingly gone into or continued this unnatural war. A Congress was appointed at Gothenburg, and thence transferred to Ghent. There, on the 24th of December, 1814, a loose and indefinite peace was concluded, in which every principle on which the war had been begun was left to be settled by commissioners; and some of whichsuch was the difficulty of negotiating with the Americanswere not settled for many years. On these points alone were the two Powers agreedthat all hostilities between the contracting parties and the Indians should be put an end to, and that both parties should continue their efforts for the suppression of the slave-trade. Such was the joy of the north-eastern States of America at the peace that the citizens of New York carried the British envoy, sent to ratify the treaty, in triumph through the streets.
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THREE:The revolutionary party in New York determined to carry them, and the revolutionary party in Pennsylvania the same, right or wrong. In Pennsylvania delegates insisted that those of their colleagues who were averse from the Declaration should absent themselves, and those favourable to it should attend and vote. From Delaware, one single delegate, C?sar Rodney, voted and decided the question in that province. The New York Assembly only nominally reconstructed its Provincial Congress. Instead of calling the electors together, as recommended by the report of the 28th of May, some of the freeholders and voters declared such of the old members as were willing to vote for the Declaration re-elected; and this irregular and clearly unconstitutional body attended and voted for the Declaration. Finally the moderate party, headed by John Dickinson, withdrew, and the Declaration was carried by one vote.The Emperor of Russia was now fast advancing towards the Vistula in support of Prussia, and the contest appeared likely to take place in Poland; and Buonaparte, with his usual hollow adroitness, held out delusive hopes to the Poles of his restoring their unity and independence, in order to call them into universal action against Russia and Prussia. Amongst the most distinguished of these was the General Dombrowski. Buonaparte sent for him to headquarters, and employed him to raise regiments of his countrymen. By such lures he obtained a considerable number of such men; but his grand scheme was to obtain the presence and the sanction of the great and popular patriot, Kosciusko. If he were to appear and call to arms, all Poland would believe in its destinies, and rise. Kosciusko was living in honourable poverty near Fontainebleau, and Buonaparte had made many attempts to engage him in his service, as he had done Dombrowski; but Kosciusko saw too thoroughly the character of the man. He pleaded the state of his wounds and of his health as incapacitating him for the fatigues of war, but he privately made no secret amongst his friends that he regarded Napoleon as a mere selfish conqueror, who would only use Poland as a tool to enslave other nations, never to enfranchise herself. In vain did Buonaparte now urge him to come forward and fight for his country; he steadfastly declined; but Buonaparte resolved to have the influence of his name, by means true or false. He sent him a proclamation to the Poles, requesting[530] him to put his name to it. The patriot refused, at the risk of being driven from France; but Buonaparte, without ceremony, fixed his name to the address, and published it on the 1st of November. It declared that Kosciusko was coming himself to lead his countrymen to freedom. The effect was instantaneous; all Poland was on fire, and, before the cheat could be discovered, Dombrowski had organised four good Polish regiments.
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TWO:Napoleon Buonaparte, who had appeared so anxious for peace with Britain, was, in truth, greatly rejoiced at the rejection of his proposals, for it furnished him with the pleas which he desired, for the still more extended schemes of military ambition that he entertained. He issued a proclamation complaining of the obstinate hostility of Britain, and called on the people to furnish men and arms to conquer peace by force. Having placed Moreau at the head of the army on the Rhine, Buonaparte prepared for his favourite project of reconquering Italy. He had judged right in sending Moreau to Germany, who took care to prevent the Austrians from sending reinforcements to Italy to increase Buonaparte's difficulties; and another circumstance, most auspicious to the Chief Consul, was the fact that Paul of Russia, offended at the Austrians for not better supporting his generals, Korsakoff and Suvaroff, had withdrawn his army from the campaign. The Austrians, under Mlas, in the north of Italy, amounted to one hundred and forty thousand men. They had spent the winter on the plains of Piedmont, and contemplated, in the spring, reducing Genoa, by assistance from the British fleet, and then, penetrating into Provence, to join the Royalists there, ready to take arms under Generals Willot and Pichegru. Massena, freed by the retreat of the Russians from his confinement at Zurich, lay, with an army of forty thousand, between Genoa and the Var; but his troops had suffered great distress from want of provisions, and whole regiments had abandoned their posts, and, with drums beating and colours flying, had marched back into France. Buonaparte first arrested their desertion by several stirring appeals to the soldiers, and then prepared to march with a strong army of reserve through the Alps, and to take Mlas unexpectedly in the rear. To effect this it was necessary to deceive the Austrians as to his intentions; and for this purpose he assembled a pretended army of reserve at Dijon, as if meaning to obstruct the march of the Austrians southward. To favour the delusion, Buonaparte went to Dijon, and reviewed the pretended army of reserve with much display, he then got quietly away to Lausanne, and pushed across the Great St. Bernard, amidst incredible difficulties.
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TWO:Buonaparte had arrived at Vittoria on the 8th of November, between the defeat of Blake at Espinosa and his dispersion at Reynosa, and he immediately dispatched Soult to attack Belvedere. This self-confident commander of two-and-twentysurrounded by as self-confident students from Salamanca and Leoninstead of falling back, and forming a junction with Casta?os, stood his ground in an open plain in front of Burgos, and was scattered to the winds. Between three and four thousand of his men were killed, wounded, or taken prisoners, and all his cannon and baggage captured. Buonaparte had now only to beat Casta?os, and there was an end to the whole Spanish force. That general was much more cautious and prudent than the rest, and he fell back on the approach of Marshal Lannes, at the head of thirty thousand men, to Tudela. But Buonaparte had sent numerous bodies of troops to intercept his course in the direction of Madrid, and, unfortunately for Casta?os, he was joined by Palafox, who had made so successful a stand against the French at Saragossa. Casta?os was for retreating still, to avoid Lannes in front, and Ney and Victor, who were getting into his rear; but Palafox, and others of his generals, strongly recommended his fighting, and a commissioner sent from the Junta in Madrid, in the French fashion, to see that he did his duty, joined in the persuasion, by hinting that to retreat would give suspicion of cowardice and treachery. Against his better judgment, Casta?os, therefore, gave battle on the 22nd of November, at Tudela, and was completely routed. Palafox hastened back to Saragossa, which was destined to surrender after another frightful siege. The road was now left open to Madrid, and the French troops had orders to advance and reduce it; and they did this with a fiendish ferocity, burning the towns and villages as they proceeded, and shooting every Spaniard that they found in arms.Mr. Peel's reflections on the Clare election are deeply interesting. "It afforded," he writes, in his Memoirs, "a decisive proof, not only that the instrument on which the Protestant proprietor had hitherto mainly relied for the maintenance of his political influence had completely failed him, but that, through the combined exertions of the agitator and the priestor, I should rather say, through the contagious sympathies of a common cause among all classes of the Roman Catholic populationthe instrument of defence and supremacy had been converted into a weapon fatal to the authority of the landlord. However men might differ as to the consequences which ought to follow the event, no one denied its vast importance. It was seen by the most intelligent that the Clare election would be the turning-point in the Catholic questionthe point
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THE PALACE OF FONTAINEBLEAUIt was time, if they were to avoid a battle. Cumberland was already on the march from Edinburgh. He quitted Holyrood on the 31st of January, and the insurgents only commenced their retreat the next morning, the 1st of February, after spiking their guns. With this force the prince continued his march towards Inverness, a fleet accompanying him along the coast with supplies and ammunition. On nearing Inverness, he found it rudely fortified by a ditch and palisade, and held by Lord Loudon with two thousand men. Charles took up his residence at Moray Castle, the seat of the chief of the Macintoshes. The chief was in the king's army with Lord Loudon, but Lady Macintosh espoused the cause of the prince zealously, raised the clan, and led them out as their commander, riding at their head with a man's bonnet on her head, and pistols at her saddle-bow. Charles, the next morning, the 17th of February, called together his men, and on the 18th marched on Inverness. Lord Loudon did not wait for his arrival, but got across the Moray Firth with his soldiers, and accompanied by the Lord-President Forbes, into Cromarty. He was hotly pursued by the Earl of Cromarty and several Highland regiments, and was compelled to retreat into Sutherland. Charles entered Inverness, and began to attack the British forts. Fort George surrendered in a few days, and in it they obtained sixteen pieces of cannon and a considerable stock of ammunition and provisions.JOSEPH MALLORD WILLIAM TURNER. (After the Portrait by C. Turner.)It is impossible to conceive the extent of suffering and desolation inflicted upon society, almost every family being involved, more or less, in the general calamity. Flourishing firms were bankrupt, opulent merchants impoverished, the masses of working people suddenly thrown out of employment, and reduced to destitution; and all from causes with which the majority had nothing to docauses that could have been prevented by a proper monetary system. If Bank of England notes had been a legal tender, to all intents and purposes supplying the place of gold as currency; if these notes had been supplied to the country banks in any quantities they required, ample security being taken to have assets equal to their respective issues, then the currency would have had an elastic, self-adjusting power, expanding or contracting according to the requirements of commerce. Inordinate speculation would not have been stimulated by a reckless system of credit, and business would have been conducted in a moderate and judicious manner, instead of rushing on at a high pressure that rendered a crash inevitable. The Government, after anxious and repeated deliberations, supplied a remedy on this principle. They determined to issue one-pound and two-pound notes of the Bank of England, for country circulation, to any amount required. In the meantime the Mint was set to work with all its resources in the coining of sovereigns[244], which, for the course of a week, were thrown off at the rate of 150,000 a day. The notes could not be manufactured fast enough to meet the enormous demand for carrying on the business of the country. In this dilemma the Bank was relieved by a most fortunate discoverya box containing 700,000, in one- and two-pound notes that had been retired, but which were at once put into circulation. The people having thus got notes with Government security, the panic subsided, and the demand for gold gradually ceased. The restoration of confidence was aided by resolutions passed at a meeting of bankers and merchants in the City of London, declaring that the unprecedented embarrassments and difficulties under which the circulation of the country laboured were mainly to be ascribed to a general panic, for which there were no reasonable grounds; that they had the fullest confidence in the means and substance of the banking establishments of the capital and the country; that returning confidence would remove all the symptoms of distress caused by the alarms of the timid, so fatal to those who were forced to sacrifice their property to meet unexpected demands. The new measures so promptly adopted and so vigorously carried into effect, raised the circulation of the Bank of England notes in three weeks from 17,477,290 to 25,611,800. Thus the regular and healthful action of the monetary system was restored by an adequate circulation of paper money, on Government security, without specie to sustain it. There were at the time of the crash 770 country bankers; 63 stopped payment, 23 of them having subsequently resumed business, and paid twenty shillings in the pound; and even those that were not able to resume, paid an average of seventeen shillings and sixpence in the pound. It was estimated that the total loss to the country by this panic was one hundred million pounds.Mr. Goulburn's financial statement was made on the 8th of May, 1844. It comprised some small reductions of taxation, and the foretaste of an important modification of the sugar duties. As a money account it was encouraging, and showed some progress in diminishing the disastrous effects of Whig finance. The past financial year had witnessed a gross surplus of revenue over expenditure of more than 4,000,000; or, after paying the deficiency of the previous year, 2,400,000; and after making other deductions there was, for the first time for many years, an available surplus, amounting to 1,400,000. The anticipated good effects of relieving industry from burdensome taxes had been more than realised. The estimate of the revenue had actually been exceeded by 2,700,000. The Budget, therefore, fully justified the policy of 1842; but the Chancellor of the Exchequer ventured only on a small and timid extension of the principles then laid down, with the reduction or abolition of duty on flint-glass, currants, wool, and some other minor matters. The abolition of the wool duty provoked new hostility to the impolitic duty on cotton. The concession to Free Trade principles was small; but the movement was kept up, and there was at least no sign of reaction.
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