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The South Sea Company had immediately on the passing of the Bill proposed a subscription of one million, and this was so eagerly seized on that, instead of one, two millions were subscribed. To stimulate this already too feverish spirit in the public, the Company adopted the most false and unjustifiable means. They had eight millions and a half to pay over to Government as a douceur for granting them the management of the Funds; and, therefore, to bring this in rapidly, they propagated the most lying rumours. It was industriously circulated that Lord Stanhope had received overtures at Paris to exchange Gibraltar and Port Mahon for invaluable gold lands in Peru! The South Sea trade was vaunted as a source of boundless wealth in itself. In August the stock had risen from the one hundred and thirty of the last winter to one thousand! Men sold houses and land to become shareholders; merchants of eminence neglected their affairs and crippled their resources to reap imaginary profits. The Company flattered the delusion to the utmost. They opened a third, and even a fourth subscription, larger than the former, and passed a resolution that from next Christmas their yearly dividend should not be less than fifty per cent.! In labouring to increase the public delusion they seem to have caught the contagion themselves, for they began to act, not like men who were blowing a bubble which they knew must speedily burst, but like persons who had mounted permanently into the very highest seat of prosperous power. They assumed the most arrogant and overbearing manner, even towards men of the highest station and influence. "We have made them kings," said a member of Parliament, "and they deal with everybody as such."[See larger version]"When corn is at 59s., and under 60s., the duty at present is 27s. 8d. When corn is between those prices, the duty I propose is 13s. When the price of corn is at 50s. the existing duty is 36s. 8d., increasing as the price falls; instead of which I propose, when corn is at 50s. that the duty shall only be 20s., and that that duty shall in no case be exceeded. At 56s. the existing duty is 30s. 8d.; the duty I propose at that price is 16s. At 60s. the existing duty is 26s. 8d.; the duty I propose at that price is 12s. At 63s. the existing duty is 23s. 8d.; the duty I propose is 9s. At 64s. the existing duty is 22s. 8d.; the duty I propose is 8s. At 70s. the existing duty is 10s. 8d.; the duty I propose is 5s. Therefore it is impossible to deny, on comparing the duty which I propose with that which exists at present, that it will cause a very considerable decrease of the protection which the present duty affords to the home grower, a decrease, however, which in my opinion can be made consistently with justice to all the interests concerned."

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TWO:Pitt had returned to office in anything but promising circumstances. Britain was at war with a great nation, and as yet the coalition which he was laboriously building up was far from being complete. Pitt's health was failing: his energies were prematurely worn out by the gigantic task that was forced upon him; his end was fast approaching, and his majority was shrunk and attenuated to an alarming degree. The Fox and Grenville opposition held together firmly, and Addington had carried a strong party along with him on retiring. Pitt felt his situation keenly and the king was sensibly alarmed at it. He attempted to conciliate Grenville, but, as Fox could not be accepted too, that failed. He then turned to Addington, and as the king was favourably disposed to his old minister, he warmly recommended this coalition. It was effected, and Addington was made a peerViscount Sidmouth, of Sidmouth. This was one of those rapid political promotions of George III.'s reign in which politics were made to ennoble men of no particular mark or abilities; and certainly the son of Pitt's father's doctor had never shown those splendid talents or rendered those brilliant services which justified such an elevation. But, as Pitt would take the lead in the Commons, it was, no doubt, felt more convenient that one who had lately been Prime Minister should not serve under the present Prime Minister, but should represent the Cabinet in the Upper House. There were some other changes at the same time. The Duke of Portland, who was growing old and infirm, retired from the post of President of the Council, which Sidmouth took up. Lord Harrowby, a warm friend of Pitt, retired, in consequence of continued illness, from the Foreign Department, and Lord Mulgrave took it, the Earl of Buckinghamshire succeeding to Lord Mulgrave's post as Chancellor of the Duchy of Lancaster.

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THREE:On the 20th of August the Appropriation Bill and other measures of routine having been carried through with great triumph by the Ministry, the king prorogued the Parliament, which did not meet again till the 25th of January following. Fox came into the new Parliament in a very remarkable and anomalous position. In the election for Westminster, the candidates had been, besides himself, Admiral Lord Hood and Sir Cecil Wray. The election was of the most violent kind, distinguished by drunkenness, riot, and gross abuses. It continued from April the 1st to[309] the 16th of May, and the numbers on the poll-books, at its termination, stood as follows:For Lord Hood, 6,694; for Fox, 6,233; for Sir Cecil Wray, 5,598. The Prince of Wales had shown himself one of the most ardent partisans of Fox, all the more, no doubt, because Fox was detested by the king. The prince had displayed from his carriage the "Fox favour and laurel," and, at the conclusion of the poll, had given a grand fte at Carlton House to more than six hundred Foxites, all wearing "blue and buff." The Duchess of Devonshire and other lady politicians also gave Fox substantial help. But Fox was not allowed to triumph so easily. The Tory candidate, Sir Cecil Wray, as was well understood, instigated and supported by the Government, demanded a scrutiny; and Corbett, the high bailiff, in the circumstances, could make no return of representatives for Westminster. As a scrutiny in so populous a district, and with the impediments which Government and its secret service money could throw in the way, might drag on for a long period, and thus, as Government intended, keep Fox out of Parliament, he got himself, for the time, returned for a small Scottish borough, to the no small amusement of his enemies.But whilst Gifford was thus demolishing an outbreak of bad taste, a much more remarkable evidence that those who lay claim to good taste frequently have it not was given by the appearance of several new plays and other documents attributed to Shakespeare. The chief of these was "Kynge Varrtygerne," a tragedy, edited by Samuel Ireland. Numbers of persons of high name and pretension, as Dr. Parr, Boswell, Pye, the laureate, Chalmers, the editor of an issue of "British Poets," Pinkerton, a writer of all sorts of things, etc., became enthusiastic believers and admirers of these pretended discoveries. They turned out to be impudent forgeries by the son of the editor, named William Henry Ireland, and are in reality such trash that they are a melancholy proof of how little value, from some learned persons, is the adoration of Shakespeare. Malone, in an "Inquiry" into the authenticity of these writings, in 1796, completely exposed their spuriousness. Pinkerton, one of their most zealous advocates, himself perpetrated a similar forgery of a volume of Scottish poems, issued as ancient ones. He enjoyed the particular patronage of Horace Walpole.

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THREE:

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THREE:Great Britain bears a heavy burden of taxation, yet she does not seem to feel it. Many years ago Mr. Disraeli, in the House of Commons, called the National Debt a "flea-bite." It is not quite so light a matter as that; still, it does not seem to render her step less firm, nor retard her progress, nor give her much trouble. It is a matter of wonder to foreigners how the British people manage to have so much money after paying so smartly in the shape of taxes, and spending so much on food, clothing, and household accommodation. The secret lies in the wonderful industry and thrift in the masses of the people. They work hard, live well, and waste little. The number of people who live in Great Britain without labouring in any way for their support with head or hand is very small. Of 5,812,000 males twenty years of[424] age and upwards, in 1831, no less than 5,466,000 were engaged in some calling or profession. The progressive well-being of the middle classes of England has been indicated very satisfactorily by the improved character of their dwellings. If the country is more healthful than the city, one cause may be found in the less crowded state of the habitations. In the country the proportion was about five and a half persons on an average in each house; in London about a third more. In Scotland the proportion was six to ten in 1831, and in Ireland it was six to twelve, taking the capital in each case as representing the urban population. The number of inhabited houses which England contained in 1821 was 1,952,000; in Ireland the number was 1,142,602; in Scotland it was 341,474. In 1841 the numbers wereEngland, 2,753,295; Ireland, 1,328,839; Scotland, 503,357. The large increase in Scotland is accounted for by the fact that in the returns of 1841 "flats" were set down as houses, which was not the case in the first return. The tax on inhabited houses rated in three classes from 10 to 20, from 20 to 40, and from 40 and upwards. From 1821 to 1833 the houses rated at 40 and upwards increased in England from 69,000 to 84,000. The other two classes of houses increased in about the same proportion. The house duty was repealed in 1834. There was a duty on bricks till 1850, by which means the quantity consumed was ascertained, and the increase between 1821 and 1847 was 130 per cent. Between the years 1821 and 1841 the use of carriages with four wheels increased 60 per cent.double the ratio of the increase of the population. In the meantime hired carriages had increased from 20,000 to 33,000. Colonel Sykes, at a meeting of the Statistical Society, counted the cost of keeping a four-wheeled private carriage, including servants, at 250 a year. This may be too high an estimate; but taking four-wheeled and two-wheeled carriages together, Mr. Porter thought the average expense was not less than 100 a year for each, which would give more than 5,000,000 for this luxury in 1821, more than 9,000,000 for 1831, and more than 10,000,000 for 1841a proof of wealth which no other country in Europe could show.The depth of Walpole's mortification, however, was shown by the vengeance he took on those who had opposed him. This fell with peculiar weight on Lord Chesterfield. Chesterfield had acquired a great reputation by his able management of affairs at the Hague. Since his return he had become Lord Steward of the Household, and a frequent and much admired debater in the House. But Chesterfield was too ambitious himself to stoop patiently to the domineering temper of Walpole. He was said to have thrown out some keen sarcasms at Walpole's Excise Bill, and his three brothers in the Commons voted against it. Only two days after the abandonment of the Bill, as Chesterfield was ascending the staircase at St. James's, he was stopped by an attendant, and summoned home to surrender the White Staff. The same punishment was dealt out to a number of noblemen who acted in concert with him. Lord Clinton, a Lord of the Bedchamber, the Earl of Burlington, Captain of the Band of Pensioners,[64] were dismissed, as well as the Duke of Montrose, and the Earls of Marchmont and Stair from offices held in Scotland. The Duke of Bolton and Lord Cobham were, by a most unjustifiable stretch of authority, deprived of their regiments.

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THREE:

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TWO:

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THREE:

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THREE:The slave merchants of Liverpool and London demanded to be heard against even this degree of interference. On the 2nd of June counsel was heard on their behalf at the bar of the House of Commons. These gentlemen endeavoured to prove that the interest of the merchants was the best guarantee of the good treatment of the slaves; and they called witnesses to prove that nothing could be more delightful and salubrious than the condition of slaves on the voyage; and that the negroes passed their time most charmingly in dancing and singing on the deck. But, on cross-examination, these very witnesses were compelled to disclose one of the most revolting pictures of inhuman atrocity ever brought to the light of day. It was found that no slave, whatever his size, had more room during the whole voyage than five feet six inches in length, and sixteen inches in breadth; that the floor of every deck was thus densely packed with human beings; between the floor and the deck above were other platforms or broad shelves packed in the same manner! The height from the floor to the ceiling seldom exceeded five feet eight inches, and in some cases not four feet. The men were chained together two and two by their hands and feet, and were fastened by ringbolts to the deck or floor. In this position they were kept all the time they remained on the coastoften from six weeks to six months. Their allowance was a pint of water daily and two meals of yams and horse-beans. After eating they were ordered to jump in their irons to preserve their health, and were flogged if they refused. When the weather was wet they were often kept below for several days together. The horrors of what was called the "middle passage" were terrible and fatal beyond description. It was calculated that up to that time the Europeans had consumed ten millions of slaves, and that the British alone were then carrying over forty-two thousand Africans annually.

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THREE:God's will be done!

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On the 10th of September the Prussians began to examine the passes of the forest; and finding them defended, they attacked the French entrenchments but were everywhere repulsed. On the 11th, they concentrated their efforts on the pass of Grand-Pr, defended by Dumouriez himself, and were again repulsed by General Miranda at Mortaume, and by General Stengel at St. Jouvion. The Allies, thus unexpectedly brought to a check, for they had been led by the Emigrants to expect a disorganised or as yet undisciplined army, determined to skirt the forest and endeavour to turn it near Sedan. Whilst engaged in this plan, the Austrians discovered the weakness of the force in the defile of Croix-aux-Bois, where only two battalions and two squadrons of volunteers were posted, for Dumouriez had not examined the pass himself and was assured that this force was amply sufficient. Once aware of this mistake, the Austrians, under the Duke de Ligne, briskly attacked the position and drove the French before them. Dumouriez, informed of this disorder, ordered forward General Chasot with a strong force, who defeated the Austrians, killed De Ligne, and recovered the pass. But the advantage was but momentary; the Austrians returned to the charge with a far superior force, and again cleared the pass and remained in possession of it. Thus Dumouriez saw his grand plan of defence broken up; and finding that Chasot, who had fallen back on Vouziers, was cut off from him on his left along with Dubouquet, he saw the necessity of falling back himself into the rear of Dillon, on his right, who was yet master of the Islettes and the road to St. Menehould. He then sent messages to Chasot, Dubouquet, and to Kellermann, to direct their march so as to meet him at St. Menehould.In the Macpherson and Lockhart Papers we have now the fullest evidence of what was going on to this end. The agents of both Hanover and St. Germains were active; but those of Hanover were depressed, those of St. Germains never in such hope. The Jesuit Plunkett wrote: "The changes go on by degrees to the king's advantage; none but his friends advanced or employed in order to serve the great project. Bolingbroke and Oxford do not set their horses together, because Oxford is so dilatory, and dozes over things, which is the occasion there are so many Whigs chosen this Parliament. Though there are four Tories to one, they think it little. The ministry must now swim or sink with France." In fact, Oxford's over-caution, and his laziness, at the same time that he was impatient to allow any power out of his own hands, and yet did not exert it when he had it, had disgusted the Tories, and favoured the ambitious views which Bolingbroke was cherishing. The latter had now managed to win the confidence of Lady Masham from the Lord Treasurer to himself; and, aware that he had made a mortal enemy of the Elector of Hanover by his conduct in compelling a peace and deserting the Allies, he determined to make a bold effort to bring in the Pretender on the queen's decease, which every one, from the nature of her complaint, felt could not be far off. To such a pitch of openness did the queen carry her dislike, that she seemed to take a pleasure in speaking in the most derogatory terms of both the old Electress Sophia and her son. Oxford's close and mysterious conduct disgusted the agents of Hanover, without assuring those of the Pretender, and threw the advantage with the latter party more and more into the hands of Bolingbroke. Baron Schutz, the Hanoverian agent, wrote home that he could make nothing of Oxford, but that there was a design against his master; and when Lord Newcastle observed to the agent of the Pretender that, the queen's life being so precarious, it would be good policy in Harley to strike up with the king and make a fair bargain, the agent replied, "If the king were master of his three kingdoms to-morrow, he would not be able to do for Mr. Harley what the Elector of Hanover had done for him already." Thus Oxford's closeness made him suspected of being secured by the Elector at the very moment that the Elector deemed that he was leaning towards the Pretender.There was little for our fleets in various quarters to do but to watch the coasts of Europe where France had dominions for any fugitive French vessel, for the ships of France rarely dared to show themselves out of port. In March, however, Captain William Hoste fell in with five French frigates, with six smaller vessels, carrying five hundred troops up the Adriatic, near the coast of Dalmatia, and with only four frigates he encountered and beat them. Captain Schomberg fell in with three French frigates and a sloop off Madagascar, seized one of them, and followed the[20] rest to the seaport of Tamatave, in the island of Madagascar, of which they had managed to recover possession. Schomberg boldly entered the port, captured all the vessels there, and again expelled the French from Tamatave. On the American coast our ships were compelled to watch for the protection of our merchantmen and our interests, in consequence of the French mania which was prevailing amongst the North Americans, and which was very soon to lead to open conflict with us.On the 22nd of April Mr. O'Connell brought forward a very comprehensive motion. It was for a select committee to inquire and report on the means by which the destruction of the Irish Parliament had been effected; on the results of the union upon Ireland, and upon the labourers in husbandry and operatives in manufactures in England; and on the probable consequences of[371] continuing the Legislative union between Great Britain and Ireland. This motion originated a debate on the Repeal question which lasted four days. O'Connell himself spoke for six hours. The debate was chiefly memorable for a speech of Mr. Spring-Rice, in defence of the union, which also occupied six hours in the delivery. He concluded by proposing an amendment to the effect that an Address should be presented to the king by both Houses of Parliament, expressing their determination to maintain the Legislative union inviolate. In a very full House the amendment was carried by an overwhelming majority, the numbers being for, 523; against, 38. Mr. Spring-Rice's speech served the Government materially, while by the Conservatives it was regarded as "a damper" to their own hopes.
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