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:��In the presence of this great exciting cause the remaining business of the Session of the British Parliament appeared tame. Mr. R. Smith introduced a petition for Parliamentary reform from Nottingham, and this was followed by a number of similar petitions from other places: but whilst French emissaries and English demagogues were preaching up revolution, nobody would listen to reform, and a motion of Mr. Grey, to refer these petitions to a committee, was rejected by two hundred and eighty-two votes to forty-one. On the 25th of February Dundas introduced an optimistic statement of the affairs of India, declaring that dependency as very flourishing, in spite of the continuance of the war with Tippoo; and this was preparatory to a renewal of the charter of the East India Company, which was carried on the 24th of May. Francis, Fox, and others, opposed the Bill, and made very different statements in vain. The real condition of India was not destined to force itself on the nation till it came in the shape of a bloody insurrection, and seventy million pounds of debt, more than sixty years afterwards. FORE:In the meantime, the Ateliers Nationaux, or Government workshops, had, as might have been expected, miserably failed to answer their object, and the working classes were now in a state of great destitution and dangerous discontent. The number of persons employed in the national workshops had increased to 120,000; misery was extending to all classes of society; one half of Paris was said to be feeding the other half, and it was expected that in a short time there would not be a single manufacture in operation in Paris. It was therefore determined to reduce the number of workmen employed by the Government, and the[554] reduction was begun by sending back 3,000 who had come from the provinces. But having passed the barrier, 400 returned, and sent a deputation to the Executive Committee at the Palace of the Luxembourg. The interview was unsatisfactory, and the deputation marched through the streets, shouting, "Down with the Executive Commission! down with the Assembly!" They were joined by great numbers, and it was soon discovered that an insurrection had been fully organised; and, although next morning the National Guard appeared in great force in the streets, the people began to erect barricades at the Porte St. Denis, the Porte St. Martin, in the Faubourg St. Antoine, and in various other places. The Government had, however, made effectual arrangements for putting down the riots; but the army, the National Guard, and the Garde Mobile had to encounter the most desperate resistance. Paris was declared by the Assembly to be in a state of siege, and all the executive powers were delegated to General Cavaignac. Next day he was reinforced by large numbers of National Guards from the provinces. Sunday came, and the dreadful conflict still continued. In the evening of that day the President of the Assembly announced that the troops of the Republic were in possession of a great number of the strongholds of the insurgents, but at an immense loss of blood. Never had anything like it been seen in Paris. He hoped that all would that night be finished. This day (June 25th) was signalised by the murder of the Archbishop of Paris.

ONE:Meanwhile, the British and Prussian armies advanced, and on the 1st of July Wellington was within a few miles of Paris, with his right on the heights of Richebourg, and his left on the forest of Bondy; and Blucher, at the same time, crossing the Seine on the 2nd, posted his army, with its right at Plessis-Piquet, his left at St. Cloud, and his reserve at Versailles. In this position, Commissioners were sent by the Provisional Government to Wellington, desiring a suspension of hostilities, informing him that Buonaparte had abdicated and retired from Paris. The Duke replied, that so long as the army remained in Paris there could be no suspension of hostilities, and that he had no authority to treat on any question of government. The Commissioners demanded whether the Allies would stop if Napoleon II. was proclaimed? Wellington said "No." Whether they would stop provided they chose another prince of a royal house?��probably meaning the Duke of Orleans. As the Duke said he had no orders to accept any such proposals, they were useless, and he handed to them the proclamation of Louis XVIII., offering to grant constitutional liberties, and to pardon all offenders, excepting a few who had committed the most recent and aggravated treason. These were supposed to mean Ney, Lab��doy��re, and some others. Wellington offered, however, to remain where he was on condition that the regular troops should be sent beyond the Loire, and the town be held by the National Guard till the king's arrival. The Commissioners did not comply with this demand; and the necessity of such compliance was sufficiently shown by this army disputing the advance of the Prussians on the 2nd of July. They had resisted Blucher at St. Cloud, Meudon, and in the village of Issy. Blucher succeeded, but with considerable loss; and the next day the French made another attack to recover Issy, but without effect. FORE:The peace with Spain was also ratified in London on the 1st of March. By this, Spain, so far as diplomatic contracts could effect it, was for ever separated from France. Philip acknowledged[14] the Protestant succession, and renounced the Pretender. He confirmed the Assiento, or exclusive privilege of the English supplying the Spanish West Indies and South American colonies with slaves, one-fourth of the profit of which the queen reserved to herself��a strange proof of the small idea of the infamy of this traffic which prevailed then in England, whilst so truly benevolent a woman could calmly appropriate money so earned to her own use. Gibraltar and Minorca were also confirmed to England, on condition that the Spanish inhabitants should enjoy their own property and their religion. There was a guarantee given by Philip for the pardon and security of the Catalans. They were to be left in possession of their lives, estates, and honours, with certain exceptions, and even these were at liberty to quit the country and remove to Italy with their effects. But the Catalans, who had taken up arms for Charles of Austria at our suggestion, were greatly incensed at the dishonourable manner in which we had abandoned them and the cause, and, putting no faith in the word of Philip, they still remained in arms, and soon found themselves overrun with French troops, which deluged their country with blood, and compelled them to submit. Amid all the disgraceful circumstances which attended the peace of Utrecht, none reflected more infamy on England than its treatment of the people of Catalonia.

ONE:The Court was soon alarmed by the report that the National Guard intended to march from Paris to Versailles, and, after removing the Bodyguard, to do duty at the palace themselves, in order to prevent the royal family from escaping abroad. Lafayette, now head of the National Guard, on the 17th of September wrote to St. Priest, one[367] of the Ministers, to assure him that there was no truth in the report, and therefore no danger. D'Estaing, the commander of the Bodyguard, however, to whom Lafayette's letter was communicated by St. Priest, did not feel satisfied, and proposed to bring the regiment of Flanders to Versailles, and the Assembly being applied to for its sanction, declared it was no business of theirs; and thus, neither encouraging nor discouraging the measure, the regiment was sent for. It arrived on the 23rd of September; and, at the sight of the long train of waggons that followed, alarm seized both the people of Versailles and the Assembly. Mirabeau, who, by a word, could have prevented the coming of the regiment, now denounced it as dangerous. News flew to Paris that a counter-revolution was preparing, and that the foreigners would be marched on the city. All this terror of one single regiment showed a disposition to feign alarm, rather than the real existence of it; but the Court committed the great folly of creating fresh reasons for jealousy. The officers of the Life Guard showed a most lively desire to fraternise with those of the Flanders regiment, and the courtiers were equally attentive to them. The officers of the Flanders regiment were not only presented at the king's levee, but invited to the queen's drawing-room, and treated in the most flattering manner. The Gardes du Corps gave a grand dinner to welcome them; and, what was extraordinary, they were allowed to give it in the theatre of the palace. This took place on the 2nd of October. The boxes were filled by people belonging to the Court. The officers of the National Guard were amongst the guests. After the wine had circulated some time amongst the three hundred guests, the soldiers, both of the Flanders regiment and of the other corps, the company, with drawn swords, and heated by champagne, drank the health of the royal family; the toast of the nation was rejected or omitted. The grenadiers in the pit demanded to be allowed to drink the royal healths, and goblets of wine were handed to them, and they drank the health of the king, the queen, the dauphin, and the rest of the royal family amid mutual shaking of hands and loud shouts of "Vive le Roi! Vive la Reine!" The band of the Flanders regiment then struck up the very expressive and celebrated song of Blondel when seeking his captive king, C?ur de Lion��Lord Clanmorris " " 45,000

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THREE:Thus surrounded by treason, Louis doubted the fidelity of Soult, who resigned his command; but he trusted Ney, and sent him to attack Buonaparte in the rear, whilst an army at M��lun, under Clarke, Duke of Feltre, was to attack him in front. Ney took leave of Louis on the 9th of March, declaring that he would bring Buonaparte to him in a cage; but at Lons-le-Saulnier, on the 14th, he received a letter from Napoleon, calling him "the bravest of the brave," and inviting him to resume his place in his army, and Ney went over at once. To abate the public opinion of his treason, he pretended that this expedition had been long arranged between himself and Buonaparte, but this Buonaparte at St. Helena denied.

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ONE:The Minister still claimed the character of the landowner's friend; and in the House of Commons, out of 658 members, 125 was the utmost number that could be considered as Free Traders. But the progress of the League agitation this year was immense. Five years had elapsed since the Anti-Corn-Law Association in Manchester had put forth its humble appeal for five-shilling subscriptions, and now in one single year ��50,000 had been given for the objects of the Association, and it was resolved to raise a further fund of ��100,000. Mr. Bright had been returned for Durham in July, and already his touching appeals for justice for the people had struck the ear of the House. Like his fellow-labourers, Cobden, Colonel Thompson, George Wilson, W. J. Fox, M.P., and others, he had been busy in all parts of England, addressing audiences sometimes of 10,000 persons. The League speakers had also visited Scotland, and had been everywhere received enthusiastically. The great Free Trade Hall in Manchester was finished, and had been the scene of numerous gatherings and Free Trade banquets, at which 7,000 or 8,000 persons had sometimes sat down together. The metropolis, however, was still behind the great provincial cities in supporting the movement; and the League, therefore, resolved on holding a series of great meetings in Drury Lane Theatre, which was engaged for one night a week during Lent. The first of these important meetings was held on the 15th of March, and was attended by so large a number of persons that the pit, boxes, and even the higher gallery were filled immediately upon the opening of the doors. The succeeding meetings were no less crowded and enthusiastic. Attempts were made to obstruct these meetings, but without success. The use of Drury Lane Theatre had soon to be relinquished, the Earl of Glengall and the committee of shareholders having prohibited Mr. Macready, the lessee, from letting it for political purposes. The League were, in like manner, refused admittance to Exeter Hall; but they were soon enabled to obtain the use of Covent Garden Theatre, where they quickly prepared for a series of great meetings, which proved to be no less crowded and enthusiastic.

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THREE:

ONE:

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The Diet issued a counter-proclamation rebutting[398] Catherine's long catalogue of charges seriatim, and denying the right of any nation, under any pretence whatever, to interfere with the internal changes of another nation executed by the proper authorities and representatives of the people. Stanislaus Augustus issued an address to the Polish army, calling upon it to defend the national rights from the domination of Russia. But, unfortunately, Poland was in no condition to cope with the might of Russia. No pains had been taken to organise the army in years past on any scale capable of defending the nation; the new rights conferred on the people were too new to have given them yet any interest in them. Poland, therefore, in all haste, made solicitations for help to Prussia, Austria, Britain, Sweden, and Denmark; but in vain. Sweden and Denmark had, now that Gustavus was dead, determined to have no concern in wars resulting in any way from the French Revolution. Frederick William of Prussia pretended to have foreseen this offence to Russia in the alarming measures of the Diet, and protested that had it not been for these, Russia would never have taken the decided step which she had now done. He, however, coldly professed himself ready to unite with Russia and Austria to restore the former state of things in Poland. As for Austria, she lay cold and neutral in appearance; but though Poland was not aware of it, both Prussia and Austria were in the secret league for the dismemberment of that unfortunate country.[See larger version]The conduct of the young king, considering his shyness and the defects of his education, was, during the first days of his sudden elevation, calm, courteous, affable, and unembarrassed. "He behaved throughout," says Horace Walpole, "with the greatest propriety, dignity, and decency." He dismissed his Guards to attend on the body of his grandfather. But it was soon seen that there would be great changes in his Government. Pitt waited on him with the sketch of an address to his Council; but the king informed him that this had been thought of, and an address already prepared. This was sufficient for Pitt; he had long been satisfied that the favourite of mother and son, the Groom of the Stole, and the inseparable companion, Bute, would, on the accession of George, mount into the premiership.

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