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.In May the gingham-weavers of Carlisle and that neighbourhood held a similar gathering, and in June meetings were held on Hunslet Common, near Leeds, at Glasgow, Ashton-under-Lyne, and other places. The meeting at Glasgow, on the 16th of June, was held on the Green, and amounted to thirty or forty thousand people. They complained of the low wages for cotton-weaving, and proposed a petition to the Prince Regent, praying that he would enable them to get over to Canada, promising that all such as received that favour should repay the outlay by yearly instalments. But the bulk of the assembly protested against emigration, asserting that the remedy for their distresses lay in annual parliaments, universal suffrage, and the consequent reduction of taxation; and they proposed that they should march up to London in a body, and present their petition to the Prince Regent in person. At Ashton the chair was taken by the Rev. Joseph Harrison, and the strange creature called Dr. Healey, of whom Bamford gives an extraordinary account in his "Life of a Radical," made a most wild and seditious harangue. At a great meeting at Stockport, on the 28th of the same month, a very different personage presided. This was Sir Charles Wolseley, of Wolseley Park, in Staffordshire. Sir Charles said that he had been engaged in the outbreak of the French Revolution, and had assisted in the taking of the Bastille, and that he would spend his last drop of blood, if it were necessary, in destroying the Bastilles of his own country. The acquisition of such an advocate of Reform was not likely to be received with apathy. Sir Charles was invited to preside at a similar meeting at New Hall, near Birmingham, on the 12th of July. At this meeting he was elected "legislatorial attorney and representative" for that town. This was a circumstance that excited the alarm of Government. They immediately issued warrants for the apprehension both of Sir Charles and of Dr. Harrison for seditious expressions used at the Stockport meeting. Sir Charles was arrested at his own house, at Wolseley Park; and Harrison was taken on the platform of a public meeting, at Smithfield, in London, on the 21st of July, at which Hunt was presiding. On conveying Harrison to Stockport, the constable who arrested him was attacked by the mob, and a pistol was fired at him, the ball of which lodged in his body.
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