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THREE:

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THREE:The Committee of Inquiry, stimulated by the disappointment of the public, began preparations for a fresh report; but their labours were cut short by the termination of the Session. In order to conciliate in some degree public opinion, Ministers hastened to allow the passing of a Bill to exclude certain officers from the House of Commons; they passed another to encourage the linen manufacture; a third, to regulate the trade of the Colonies; and a fourth, to prevent the marriage of lunatics. They voted forty thousand seamen and sixty-two thousand landsmen for the service of the current year. The whole expenditure of the year amounted to nearly six million pounds, which was raised by a land-tax of four shillings in the pound; by a malt-tax; by a million from the sinking fund; and by other resources. They provided for the subsidies to Denmark and Hesse-Cassel, and voted another five hundred thousand pounds to the Queen of Hungary. On the 15th of July the king prorogued Parliament; at the same time assuring the two Houses that a peace was concluded between the Queen of Hungary and the King of Prussia, through his mediation; and that the late successes of the Austrian arms were in a great measure owing to the generous assistance of the British nation.Mr. Bankes again introduced his Billwhich was about to expirefor prohibiting the grant of offices in reversion; and he endeavoured again to make it permanent, but, as before, he was defeated on the second reading in the Commons. He then brought in a Bill confined to two years only, and this, as before, was allowed to pass both Houses. Great discussion arose on the grant of the office of paymaster of widows' pensions to Colonel MacMahon, the confidential servant of the Prince Regent. This was a mere sinecure, which had been held by General Fox, the brother of Charles James Fox; and it had been recommended that, on the general's death, it should be abolished; but Ministersmore ready to please the Regent than to reduce expenditurehad, immediately on the general's decease, granted it to Colonel MacMahon. Ministers met the just complaints of the Opposition by praising the virtues and ability of MacMahonas if it required any ability or any virtue to hold a good sinecure! But there was virtue enough in the Commons to refuse to grant the amount of the salary, Mr. Bankes carrying a resolution against it. But Ministers had their remedy. The prince immediately appointed MacMahon his private secretary, and a salary of two thousand pounds was moved for. But Mr. Wynne declared that any such office was unknown to the countrythat no regent or king, down to George III., and he only when he became blind, had a private secretary; that the Secretary of State was the royal secretary. Ministers replied that there was now a great increase of public business, and that a private secretary for the Regent was not unreasonable; but they thought it most prudent not to press the salary, but to leave it to be paid out of the Regent's privy purse.
FORE:[See larger version]The army set out in successive divisions, and by different routes, in consequence of the exhausted state of the country, which had been stripped by the French as by an army of locusts. The roads were intolerable, and the weather was vile. Wading through mud, and dragging their artillery through bogs and sloughs, they struggled on to Castello Branco, which the first division reached on the 4th of December. By the 11th Sir John had crossed the Portuguese frontier, and entered Ciudad Rodrigo. There he was received with great demonstrations of joy; and on the 13th he arrived at Salamanca. Here he had to remain for the coming up of his artillery, which, under a guard of three thousand foot and one thousand horse, had been conducted, by Sir John Hope, round by Elvas, as the only road, according to the Portuguese, by which heavy cannon could be conveyed. This was a proof of the great need of those arrangements so strongly urged by Sir Arthur Wellesley. Proper inquiries, through proper officers, would have ascertained beforehand the actual state of the roads and passes. Here Sir John, too, had to wait for Sir David Baird's detachment, which had arrived at Corunna on the 13th of October, but had found the greatest difficulty in being allowed to land and proceed. This was refused by the junta of Galicia, out of that ignorant and inflated pride of the Spaniards, which persuaded them that, because they had compelled Dupont to surrender, they could drive the French out of their country without any assistance of the British, whom they regarded not as saviours, but as intruders. Whilst application was made to the Central Junta, at Madrid, for the troops to land, they had to remain for a fortnight cooped up in the transports. There was still another hindrance, which the sound sense and foresight of Wellesley would not have permitted. Though the British Government had forwarded to Spain two hundred thousand muskets, with all requisite ammunition, and sixteen millions of hard dollars, Sir John Moore was entrusted with only twenty-five thousand pounds of it, and Sir David Baird with none at all. When, therefore, permission was obtained, from Madrid, for the Allies, who were bringing them all the arms and all the material of war, to land, Baird had no money to pay his way on the march with ten thousand men, and Sir John Moore had to remit him eight thousand pounds. This was sufficiently bad management, but this[564] was far from the worst. Sir John Moore, in the most critical circumstances, was left without the necessary information regarding the real strength of the enemy, and without the influence which the British Ambassador should have exerted to have the army supplied with the necessary means of conveyance for its baggage, ammunition, and artillery. The Spaniards obstructed rather than helped the British army. They did not know themselves that the French were pouring reinforcements through the Pyrenees to the amount of seventy thousand men, soon to be followed by Buonaparte himself. The British Ambassador, at such a time, ought to have taken measures for knowing the truth; but the Ambassador was, just at this moment, the most unfit person that could possibly have been pitched upon. Sir Charles Stewart, who had been for some time Ambassador at Madrid, was well acquainted with the Spaniards, and had energy and intelligence enough to have operated upon them. But as, with new changes of Ministry, everything must be changed by the British Government, even if it be for the worse, so here, not only had the generals been changed three times in four-and-twenty hours, but the active and well-informed Minister was withdrawn, and a most indolent and useless man sent in his place. This was Mr. John Hookham Frere, great in the Quarterly Review, and connected with Canning and his party. He either sent Sir John no information as to the state and position of the Spanish armies or of the advance and numbers of the French, or he sent him erroneous intelligence. Lord William Bentinck, who was in Spain, exerted himself to rouse the Spanish Junta to a proper sense of their real position, and of the necessity for affording the British army, which had come to assist them, all the information and support that they could; and he himself sent word that the French were crossing not merely the Pyrenees, but the Ebro. At length, a dispatch to Marshal Jourdain, being accidentally intercepted by a guerilla party on the frontiers, startled the Junta with the news that immense bodies of French were advancing into Spain; and they began to appreciate the value of their British allies, but would do nothing to facilitate their march, or to direct them to the quarter where they would be most useful; and Frere, who should have stimulated them to a sense of their duty, did just nothing at all.

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FORE:Both the Government and people of Britain responded to these demands with enthusiasm. War with Spain was declared to be at an end; all the Spanish prisoners were freed from confinement, and were sent home in well-provided vessels. The Ministers, and Canning especially, avowed their conviction that the time was come to make an effectual blow at the arrogant power of Buonaparte. Sir Arthur Wellesley was selected to command a force of nine thousand infantry and one regiment of cavalry, which was to sail immediately to the Peninsula, and to act as circumstances should determine. This force sailed from Cork on the 12th of July, and was to be followed by another of ten thousand men. Sir Arthur reached Corunna on the 20th of the same month, and immediately put himself in communication with the junta of Galicia. All was confidence amongst the Spaniards. They assured him, as the deputies in London had assured the Ministers, that they wanted no assistance from foreign troops; that they had men to any amount, full of bravery; they only wanted arms and money. He furnished them with a considerable sum of money, but his experienced mind foresaw that they needed more than they imagined to contend with the troops of Buonaparte. They wanted efficient officers, and thorough discipline, and he felt confident that they must, in their overweening assurance, suffer severe reverses. He warned the junta that Buonaparte, if he met with obstructions in reaching them by land, would endeavour to cross into Asturias by sea, and he advised them to fit out the Spanish ships lying at Ferrol to prevent this; but they replied that they could not divert their attention from their resistance by land, and must leave the[559] protection of their coasts to their British allies. Sir Arthur then sailed directly for Oporto, where he found the Portuguese right glad to have the assistance of a British force, and most willing to co-operate with it, and to have their raw levies trained by British officers. On the 24th of July he opened his communication with the town. The bishop was heading the insurrection, and three thousand men were in drill, but badly armed and equipped. A thousand muskets had been furnished by the British fleet, but many men had no arms except fowling-pieces. Wellesley made arrangements for horses and mules to drag his cannon, and convey his baggage, and then he sailed as far as the Tagus, to ascertain the number and condition of the French forces about Lisbon. Satisfied on this head, he returned, and landed his troops, on the 1st of August, at Figueras, in Mondego Bay. This little place had been taken by the Portuguese insurgents, and was now held by three hundred mariners from British ships. Higher up the river lay five thousand Portuguese regulars, at Coimbra. On the 5th he was joined by General Spencer, from Cadiz, with four thousand men; thus raising his force to thirteen thousand foot and about five hundred cavalry. The greatest rejoicing was at the moment taking place amongst the Portuguese from the news of General Dupont's surrender to Casta?os.The very Dames des Halles, the market women, took up the word against them. They sang a song with much vivacity, "Donnez-nous notre paire de gants,"equivalent in pronunciation to notre pre de Ghent, that is, Louis, who was then residing at Ghent. None but the very lowest of the population retained the old illusions respecting him. In such circumstances, not even his new Constitution could satisfy anybody. It was very much the same as Louis XVIII. had sworn to in 1814. It granted free election of the House of Representatives, which was to be renewed every five years; the members were to be paid; land and other taxes were to be voted once a year; ministers were to be responsible; juries, right of petition, freedom of worship, inviolability of property, were all established. But Buonaparte destroyed the value of these concessions by publishing this, not as[93] a new Constitution, but as "an additional Act" to his former Constitution. The word "additional" meant everything, for it proclaimed that all the despotic decrees preceding this fresh declaration were still in force, and thus it neutralised or reduced these concessions to a mere burlesque.

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FORE:[See larger version]Prior to the Revolution the sums voted for the Civil List were granted without any specification as to whether they should be applied to the maintenance of the army, the navy, the civil government, or the household. The king got a lump sum for carrying on the government, defending the country, and supporting the royal dignity; and was allowed to apportion it according to his own discretionthe plan most agreeable to an arbitrary monarch. After the Revolution the expenses of the army and navy were separately voted, and the charges for civil government have been gradually removed from the Civil List. At the accession of William IV. these charges were reduced to the amount required for the expenses of the Royal Household, by the removal of the salaries of the judges, the ambassadors, and the Lord-Lieutenant of Ireland, together with a number of Civil List pensions. This fact should be borne in mind in connection with the sums on the Civil List of former Sovereigns. For example: William III., Anne, and George I. had 700,000 a year; George II. and George III., 800,000; George IV., 850,000; William IV., 500,000; Queen Victoria received 385,000. The application was thus limited: Privy Purse, 60,000; household salaries and retired allowances, 131,260; household expenses, 172,500; royal bounty, alms, and special services, 13,200; leaving an unappropriated balance of upwards of 8,000 to be employed in supplementing any of the other charges, or in any way her Majesty thought proper. The Pension List was limited to 1,200 per annum, and the incomes from the Duchies of Lancaster and Cornwall, estimated at 50,000 a year, were secured to the Crown. Economists grumbled about the magnitude of these allowances, and Lord Melbourne was accused of being over-indulgent to the youthful Sovereign; but her immense popularity silenced all murmurers, and the nation felt happy to give her any amount of money she required.

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FORE: BREAKING INTO THE MIDST OF THE ENEMY'S LINES, THE "BELLEISLE" WAS SURROUNDED ON ALL SIDES.... RAKED FORE AND AFT AND THUNDERED AT FROM ALL QUARTERS, EVERY MAST AND SPAR OF THE GALLANT "SEVENTY-FOUR" WAS SHOT AWAY, HER HULL KNOCKED ALMOST TO PIECES, AND THE DECKS CUMBERED WITH DEAD AND DYING. STILL THE UNEQUAL FIGHT WENT ON, TILL AT LAST THE "SWIFTSURE," BURSTING THROUGH THE MLE, PASSED CLOSE UNDER THE STERN OF THE BATTERED WRECK, GIVING THREE HEARTY CHEERS WHEN A union JACK WAS WAVED FROM A PIKE TO SHOW THAT, THOUGH CRIPPLED THE "BELLEISLE" WAS STILL UNCONQUERED.An Incident at Trafalgar.The next morning, the 6th of December, the retreat commenced; but the soldiers and the inferior officers little dreamed that it was a retreat. They imagined that they were going to fight the Duke of Cumberland, and marched out in high spirits. The morning was foggy, and for some time the delusion was kept up; but when the fog cleared away, and they perceived that they were retracing their former route, their disappointment and rage became excessive. The retreat was rapidly continued through Preston, and on to Lancaster, which they reached on the 13th. On the 18th Oglethorpe and Cumberland, accompanied by a mob of country squires and mounted farmers, attacked Lord George Murray's rear near Penrith; but the countrymen were speedily put to flight by a charge of the Glengarry clan, and Oglethorpe fell back to the main body. They came up again, however, in the evening near the village of Clifton, and Lord George perceived, by the fitful light of the moon, the enemy forming behind the stone walls, and lining every hedge, orchard, and outhouse. Just as the royal troops commenced their charge they were stopped by a cross-fire of the concealed Highlanders, and, whilst affected by this surprise, Lord George cried, "Claymore! claymore!" and rushing down upon them with the Macphersons of Cluny, attacked them sword in hand. Being supported by the Stuarts of Appin, they compelled the English to retreat.

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THREE:But the more the mystery, the greater was the rage of the English Government. On the opening of the Session of Parliament for 1737, a Bill was brought in of a most frantic and unwise character:"To abolish the charter of the City of Edinburgh, to rase the city gates, disband the City Guard, and declare Mr. Wilson, the Provost, incapable of again holding any public office." Nothing so furious and unstatesmanlike could ever have been imagined possible in the eighteenth century. Witnesses were called to the bar of both Houses, and amongst them three Scottish judges, in their robes, were subjected to a sharp cross-examination. Nothing, however, could be elicited except some degree of carelessness on the part of the city magistrates. The Scottish nation, with its usual spirit, highly resented the menaces of this impolitic Bill. The Duke of Argyll in the Lords, and various members of the Commons, denounced it as equally insulting and unjust. They were zealously supported by many English members, especially by Wyndham and Sir John Barnard, and the Bill gradually shrank into an Act disabling Mr. Provost Wilson from holding any office in future, and fining the city two thousand pounds for the benefit of the widow of Captain Porteous; and, alluding to her original station, it was jocosely said, therefore, that all this terrible menace ended in making the fortune of an old cookmaid.Pitt was not for a moment deceived, and in August the Family Compact was signed. He broke off the negotiation, recalled Stanley from Paris, dismissed Bussy from London, and advised an immediate declaration of war against Spain, whilst it was yet in our power to seize the treasure ships. But there was but one Pittone great mind capable of grasping the affairs of a nation, and of seizing on the deciding circumstances with the promptness essential to effect. The usually timid Newcastle became suddenly courageous with alarm. Bute pronounced Pitt's proposal as "rash and unadvisable;" the king, obstinate as was his tendency, declared that, if his Ministers had yielded to such a policy, he would not; and Pitt, having laboured in vain to move this stolid mass of ministerial imbecility through three Cabinet Councils, at last, in the beginning of October, declared that, as he was called to the Ministry by the people, and held himself responsible to them, he would no longer occupy a position the duties of which he was not able to discharge. On the 5th he resigned, and his great Ministry came to an end.
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THREE:[502]

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THREE:The direct consequence was that he was immediately nominated again by the freeholders of Middlesex. Mr. Dingley, a mercantile speculator of London, offered himself as the Government candidate, but withdrew in a fright, and Wilkes was returned, without opposition, on the 16th of February, only thirteen days after his expulsion. The next day Lord Strange moved in the Commons, that John Wilkes, after having been expelled, was incapable of serving again in the present Parliament, and the case of Sir Robert Walpole was quoted in justification. Wilkes was a second time declared incapable of sitting, the election was declared void, and the public indignation rose higher than ever. The freeholders of Middlesex instantly met at the "London" Tavern, and subscribed on the spot two thousand pounds towards defraying the expenses of Wilkes's election. They then formed themselves into a "Society for Supporting the Bill of Rights," and a third time proposed Wilkes as their candidate. He was immediately returned for Middlesex, Dingley not finding any one who dared to nominate him. The next day, the 17th of March, the Commons again voted the election void.In October of this year Chatham at length resigned, and Parliament assembled on the 8th of November. The two great objects which engrossed the attention of Government in these days were North America and John Wilkes. The news of the Act imposing import duties had reawakened all the indignation of the people of Massachusetts. The Bostonians took immediate steps to realise their doctrines. In October, 1767, the chief men there met, and entered into a bond to purchase or wear no English manufacture, but to encourage domestic manufacture till these obnoxious import duties were withdrawn. The Massachusetts Assembly passed strong resolutions to the same effect, and Mr. James Otis, who had been most active in contending for them, exerted himself, through the press, to circulate them all over America. Causes were not long wanting for testing the resolution of the people of Massachusetts. The governor of that colony, Francis Bernard, was precisely the man to bring the matter to a crisis. He was able, determined, and of a hot temper. The people hated him, because they knew that he was writing home despatches full of the most unfavourable representations of their proceedings and designs. He refused to confirm the nomination of such members of the council as he knew were opposed to the new regulation; and Lord Shelburne supported him in his act. In consequence, the Assembly addressed a circular letter to all the other colonies, calling on them to unite in defeating the new duties. Bernard in vain opposed the resolution authorising this circular letter; and, on his report, Lord Hillsborough instructed him to demand from the Assembly the rescinding of the resolution. The Assembly refused, declaring that if a British Minister could control the votes of provincial Assemblies, liberty was but a mere show. Lord Hillsborough had instructed Bernard to dissolve the Assembly in case it refused to rescind the resolution. In the meantime, events took place which might have caused a more judicious man to pause ere he fulfilled these instructions.

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THREE: J. Longfield, made Lord Longville.[226]

On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment, so blinded by desire, that they cannot foresee

THREE:Agrarian outrage had thus been effectually put down by the special commission; but a much more formidable difficulty was now to be encountered by the Government, which was called upon to suppress a rebellion. In order that its origin may be understood, it will be necessary to sketch briefly the rise and progress of the Young Ireland party. It had its origin in the establishment of the Nation newspaper in 1842, by Thomas Davis, Charles Gavan Duffy, and John Mitchel. Davis was a native of the county of Cork, a member of the Church of England, and a barrister who had devoted himself to literature. He was a man of genius and enthusiastic temperament, combined with habits of study and a love of system. As a member of the Repeal Association, and as a writer in the Nation, he constantly advocated national independence. He was a vigorous writer, and also a poet. He was much respected personally by all classes, and would have exerted a powerful influence, but he was cut off by fever in the midst of his career. His memory received the honour of a public funeral, which was one of the largest and most respectable that had for some time taken place in Dublin. Mr. Duffy, the proprietor and editor of the Nation, a Roman Catholic and a native of Monaghan, had been connected with the press in Dublin. Mr. Mitchel, also a northerner and a solicitor by profession, was the son of a Unitarian minister in Newry. These men were all animated by the same burning love of Ireland, and unmitigated hatred of English domination. The Nation soon attained a vast circulation; its leading articles were distinguished by an earnestness, a fire, a power, an originality and boldness, till then unknown in the Irish press. Its columns were filled with the most brilliant productions in literature and poetry, all designed to glorify Ireland at the expense of England, and all breathing the spirit of war and defiance against the Government. In addition to the Nation, they prepared a number of small books, which they issued in a cheap form as an Irish library, devoted chiefly to the history of their country, and its struggles for independence. By their exertions, reading-rooms were established throughout the country, and a native literature was extensively cultivated. The orator of the party was Thomas Meagher, at a later period general in the American army, son of a Waterford merchant, who was afterwards member of Parliament. He was a brilliant, fluent, ardent, daring speaker; his appearance and manners were those of a gay, reckless, dashing cavalier; and his warlike harangues had won for him the designation, "Meagher of the Sword." His speeches fired his audience with wild enthusiasm. Since 1844, as we have seen, Mr. William Smith O'Brien had become the leader of this party, which differed in spirit and purpose from the Old Ireland party, of which O'Connell had been so long the leader. O'Connell's agitation even for Repeal was essentially religious. Ireland and the Roman Catholic Church were indissolubly associated in his mind. His habits as a nisi prius barrister made him an advocate more than a statesman; and having pleaded the cause of his Church for forty years, having been rewarded and retained for so doing by an annual "tribute" collected in the chapels of the kingdom, and having won his unparalleled popularity and almost kingly power by his services in this cause, he could not help regarding himself as the special champion of the Irish priests and their people. For them he courted Whig alliances, for them he abused the Tories, for them he sought Repeal, and for their sakes he deprecated war. He knew that the Protestants of Ireland would never sufficiently trust him or his ecclesiastical clients, to join them in a war against English supremacy, which they disliked far less than Roman Catholic ascendency. He knew that a war for Repeal must be a civil and religious war; and he too well remembered the horrors of 1798, and was too well aware of the[564] power of England, seriously to encourage anything of the kind. He talked indeed about fighting at the monster meetings, but he did so merely to intimidate the Government, confident of his power to hold the masses in check, and to prevent breaches of the peace. The State prosecutions and the proceedings of the Young Ireland party worked in him the painful and almost heart-breaking conviction that he had gone too far. Another essential difference existed between the two parties regarding religion. The Young Irelanders wanted to ignore religion in the national struggle. Their object was to unite all Irishmen in the great cause, to exorcise the spirit of bigotry, and to cultivate the spirit of religious toleration. But neither the Protestants nor the Catholics were prepared for this. The peasantry of the South especially would not enter into a contest in which their priests refused to lead and bless them; and these would neither lead nor bless except in the interest of their Church. This truth was discovered too late by Mr. Smith O'Brien and Mr. Meagher. The latter gentleman is said to have remarked in his prison, "We made a fatal mistake in not conciliating the Catholic priesthood. The agitation must be baptised in the old Holy Well."

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So passed from a long possession of power a Minister who inaugurated a system of corruption, which was not so much abused by himself, as made a ready instrument of immeasurable mischief in the hands of his successors. Had Walpole used the power which he purchased with the country's money more arbitrarily and perniciously, the system must have come much sooner to an end. As it was, the evils which he introduced fell rather on posterity than on his own time.Lord Wellington had been duly informed of the progress of these man?uvres, and they had given him great anxiety; nor were these the only causes of anxiety which affected him. The British Ministry were so much absorbed with the business of supporting the Allies in their triumphant march after Buonaparte, that they seemed to think the necessity of Lord Wellington's exertions at an end. At the close of 1813 they recalled Sir Thomas Graham and some of his best battalions to send them into Holland. They appeared to contemplate still further reductions of the Peninsular army, and Lord Wellington was obliged to address them in very plain terms to impress them with the vital necessity of maintaining the force in this quarter unweakened. He reminded them that thirty thousand British troops had kept two hundred thousand of Buonaparte's best troops engaged in Spain for five years; that without this assistance Spain and Portugal would have long ago been completely thrown under the feet of the invader, and the Allies of the North would have had to contend against the undivided armies and exertions of Napoleon; that to render his own army inefficient would be at once to release one hundred thousand veterans such as the Allied armies had not had to deal with. This had the proper effect; and as soon as Wellington had obtained the necessary supplies, he resumed his operations to drive Soult from under the walls of Bayonne.[See larger version] Napoleon's Plans of ConquestSebastiani's ReportNapoleon's Complaints against the British PressEspionage and ConfiscationHe continues his Continental AggressionsNapoleon's Interview with Lord WhitworthImminence of WarNegotiations for Pitt's Return to OfficeWar DeclaredNapoleon Arrests British subjects in FranceSeizure of HanoverEmmett's RebellionNaval Attacks on the French CoastThe Mahratta WarBattle of AssayeSuccesses of General LakeBattle of LaswareeBattle of ArgaumConclusion of the WarRenewed Illness of George III.Increasing Opposition of PittHe offers to undertake the GovernmentHe forms a Tory MinistryWilberforce's Abolition MotionThe Additional Force BillScheme for blowing up the French FleetWar with SpainThe Georges ConspiracyMurder of the Duke D'EnghienNapoleon becomes EmperorHis Letter to the British KingThe Condition of EuropeLord Mulgrave's Reply to the LetterMinisterial ChangesWeakness of the MinistryAttack on Lord MelvilleWhitbread's MotionMelville's DefenceHis Impeachment votedSecession of Lord SidmouthThe European CoalitionHastened by Napoleon's AggressionsRashness of AustriaInvasion of BavariaNapoleon marches on the RhineCapitulation of the Austrian Army at UlmOccupation of ViennaBattle of AusterlitzTreaties of Sch?nbrunn and PressburgThe Baltic ExpeditionExpedition to NaplesNaval AffairsNelson's Pursuit of VilleneuveCalder's EngagementBattle of TrafalgarDeath of NelsonContinuation of the Mahratta WarLord Lake's Engagements with HolkarSiege of BhurtporeDefeat of Meer KhanThe Rajah of Bhurtpore makes PeaceTreaties with Scindiah and HolkarDeath of PittPayment of his Debts by the Nation.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.
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