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ONE:CHARING CROSS, LONDON, IN 1795.

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ONE:Lord Edward Fitzgerald and Mr. Arthur O'Connor, nephew of Lord Longueville, went over to Paris to arrange the invasion. In London, Fitzgerald, his French wife, who accompanied him, and O'Connor, were entertained by members of the Opposition, and dined at the house of a peer in company with Fox, Sheridan, and several other leading Whigs; and Thomas Moore, in his Life of Fitzgerald, more than hints that he made no secret to these patriots of the object of his journey, for he was of a very free-talking and open Irish temperament. The friends of Fox have been inclined to doubt this discreditable fact, but no one was more likely than Moore to be well informed about it; and when Fitzgerald and O'Connor were on their trial, not only Fox, but Sheridan, Lord John Russell, the Dukes of Suffolk and Norfolk, Lords Thanet and Oxford came forward, and gave them both the highest character as excellent, honourable men. These emissaries reached Basle, by way of Hamburg, in the spring of 1797, and there, through Barth��lemy, negotiated with the Directory. The Directory objected to receive Lord Edward Fitzgerald at Paris, on account of his connection with the Orl��ans family through his wife, lest the people should imagine that it was with some design on the Orl��ans estate; he therefore returned again to Hamburg, and O'Connor proceeded to Paris and arranged for the expedition under General Hoche, whose disastrous voyage we have already related. Fitzgerald and O'Connor did not reach Ireland again without the British Government being made fully aware of their journey and its object, from a lady fellow-traveller with Fitzgerald to Hamburg, to whom, with a weak and, as it concerned the fate of thousands, unpardonable garrulity, he had disclosed the whole. Almost simultaneously the arrest of the revolutionary committee of the North disclosed a systematic and well-organised conspiracy. In March, 1797, General Lake proceeded to disarm the revolutionaries in Ulster, and accomplished his task with ruthless severity.

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THREE:But at length the Legislature adopted a measure which attempted to go to the root of one of the greatest evils that afflicted Ireland. This was a Bill for facilitating the transfer of encumbered estates, which was passed into law, and is generally known as the Encumbered Estates Act. It was introduced by the Solicitor-General, Sir Samuel Romilly, on the 26th of April. Nothing could be more unsatisfactory than the state of landed property in that country. Many of the estates had been in Chancery for a long series of years, under the management of receivers, and periodically let at rack-rents. Many others which were not in Chancery were so heavily mortgaged that the owners were merely nominal. Others again were so tied up by family settlements, or held by such defective titles, that they could not be transferred. Consequently, a great portion of the landed property of the country was in such a condition that capital could not be invested in it, or expended on it. The course of proceeding in Chancery was so slow, so expensive, so ruinous, and the court was so apparently incapable of reform, that nothing could be expected from that quarter. The Government, therefore, proposed to establish a commission, invested with all the powers of that court, and capable of exercising those powers in a summary manner, without delay and without expense, so that an encumbered estate could be at once sold, either wholly or in part, and a parliamentary title given, which should be good against all the world. This important measure met with general approval in both Houses. Indeed it was hailed with satisfaction by all classes of the community, with the exception of a portion of the Irish landed gentry. There were three commissioners appointed, lawyers of eminence and experience in connection with land. By a subsequent enactment in 1849, it was regulated as a permanent institution, under the title of the Landed Estates Court; the three commissioners were styled judges, ranking with the judges of the Law Courts. The number of petitions or applications for sale made to this court from the 17th of October, 1849, to the 1st of August, 1850, was 1,085, and of this number those by owners amounted to 177��nearly one-sixth of the whole. The rental of the estates thus sought to be sold by the nominal proprietors, anxious to be relieved of their burdens, was ��195,000 per annum, and the encumbrances affecting them amounted to no less than ��3,260,000. The rental of the estates included in 1,085 applications, made by others not owners, amounted to ��655,470 per annum, and the debt upon these amounted to the enormous sum of ��12,400,348. One of the estates brought before the court had been in Chancery for seventy years, the original bill having been filed by Lord Mansfield in 1781. The estates were broken up into parcels for the convenience of purchasers, many of whom were the occupying tenants, and the great majority were Irishmen. Generally the properties brought their full value, estimated by the poor-law valuation, not by the rack rents which were set down in the agents' books, but never recovered. The amount of capital that lay dormant in Ireland, waiting for investment in land, may be inferred from the fact that in nine years��from 1849 to 1858��the sum of twenty-two millions sterling was paid for 2,380 estates. But in the pacification of Ireland the Act accomplished far less than was hoped by Sir Robert Peel, who practically forced the measure upon the Ministry. Men of capital looked for a fair percentage for their investments: many of them were merchants and solicitors, without any of the attachments that subsisted between the old race of landlords and their tenants, and they naturally dealt with land as they did with other matters��in a commercial spirit��and evicted wholesale tenants who were unable to pay.

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THREE:For a short time quiet prevailed, as if the nation, and Europe, too, were stunned by the news of the execution of the king. In spite of the loud talk of the Jacobins and sansculottes throughout France, there was a startled sense of terror��a foreboding of calamity. In La Vend��e there was intense horror and indignation. Abroad, every monarchy seemed thrown into a new attitude by the death of Louis. Spain and England, which had maintained a careful neutrality, assumed a threatening aspect. Germany, which had not yet federally allied itself with the movements of Austria and Prussia, became agitated with resentment; and Holland, by the fear of suffering the fate of Belgium. The axe which severed the head of Louis from his body seemed to sever every international sympathy with France. In England, the sensation on the news of the execution was profound. People in general had not believed that the French would proceed to such an extremity with a monarch of so inoffensive a character. The crime seemed to verify all the predictions and the denunciations of Burke. There was, except amongst a certain class of almost frantic Republicans, a universal feeling of abhorrence and execration. There was a gloomy sense of approaching war; a gloomy sense, as if the catastrophe was a national rather than a foreign one. Pitt had hitherto maintained a position of neutrality. He had contrived to avoid giving any support to the royal family of France, which must have produced immediately hostile consequences, but he had not failed, from time to time, to point out in Parliament the atrocious conduct of the French revolutionists, which justified all the prophecies of Burke, and threw shame on the laudatory language of Fox.

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ONE:Early in this year Admiral Sir John Jervis fell in with the great Spanish fleet, which was intended to co-operate with the French in the invasion of Ireland, and defeated it. Nelson had predicted that the Spanish fleet would not take much destroying. Admiral de Langara had had a fortunate escape in the Mediterranean, in venturing to Corsica. He had now been superseded by Don Juan de Cordova, and Jervis, on the 14th of February, met with him off Cape St. Vincent. Cordova had twenty-seven sail of the line, Jervis only fifteen; but he had Nelson in his fleet, which more than counterbalanced the inequality of numbers; and the discipline on board the Spanish ships was far below that of the British. Nelson broke through the Spanish line, and chiefly by his exertions and man?uvres four of the largest vessels were taken, including one of one hundred and twelve guns. The rest escaped into Cadiz, and there the British blockaded them. The news of this brilliant victory arrived in London when the public was greatly dispirited by the exhausted state of the Bank of England, and helped to revive confidence. Sir John Jervis was made Earl of St. Vincent, and Nelson, the real hero, a Knight of the Bath.

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THREE:The effect of the issue upon the state of parties in England was tremendous. The Morning Chronicle, then the organ of the Whig party, said, "The battle of English liberty has really been fought and won at Paris." The Times thundered the great fact with startling reverberation throughout the United Kingdom. Mr. Brougham in the House of Commons spoke of it as that revolution which in his conscience he believed to be "the most glorious" in the annals of mankind, and he expressed his heartfelt admiration, his cordial gratitude, to the patriots of that great nation for the illustrious struggle they were making. This language expresses the feelings which prevailed through all classes of the people of Britain, and it may be easily supposed that the effect was most favourable to the Liberal party and most damaging to the Tories, especially as the exciting events occurred at the time of the general election; and Prince de Polignac being considered the particular friend of the Duke of Wellington, his Ministry was called in France the Wellington Administration. All these things were against the Premier: the hostility of the anti-Catholic party, the alienation of the Whigs, the accession of a liberal monarch, and the odium of the supposed intimate relationship with the vanquished despotism of France.

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ONE:The Austrians advanced under Marshal Braun, an officer of English extraction, against Frederick, but after a hard-fought battle at Lowositz, on the 1st of October, Frederick beat them, and soon after compelled the Saxon army, seventeen thousand strong, to surrender at Pirna. The King of Saxony, who had taken refuge in the lofty rock fortress of K?nigstein, surrendered too, on condition of being allowed to retire to Warsaw, and Frederick established his headquarters for the winter at Dresden, levying heavy contributions throughout Saxony.The unnatural state of things induced by the war had now brought about a great change in our currency. As we could manage to get in our goods to the Continent by one opening or another, but could not get the produce of the Continent in return, it would have appeared that we must be paid in cash, and that the balance of specie must be in our favour; but this was not the case. By our enormous payments to our troops in Spain, Portugal, and Sicily, as well as in the East and West Indies, and by our heavy subsidies, gold had flowed out of the country so steadily that there appeared very little left in it, and bank paper had taken its place. On the Continent, impoverished as they were, the people tenaciously clung to their gold, and Buonaparte alone could draw it from them in taxes. He always took a heavy military chest with him on his expeditions, and his officers also carried the money necessary for themselves in their belts, or otherwise about their immediate persons. The gold being enormously diminished in quantity in England, was carefully hoarded on all hands, thus again increasing the scarcity, and raising the value of it. The price of bullion had risen from twenty to thirty per cent., and here was a further strong temptation to hoard or send guineas to the melting-pot. This state of things led a certain class of political economists to call for a repeal of the Act for suspension of cash payments, and Francis Horner obtained a committee of inquiry into the causes of the decrease of gold and the increase of paper: and this committee came to the conclusion that the true cause of the evil lay in the excess of paper, and that the way to restrain it would be to allow the demand for gold at the Bank. But the truth was that the cause of the evil was not the excess of paper, but the enormous diminution of gold; and to have opened a legal demand for gold which could not be had would only have produced a panic, and a complete and horrible assassination of all credit and all business. But there were clearer-sighted men in Parliament, who declared that, though bullion had risen in price, bank-notes would still procure twenty shillings' worth of goods in the market, and that they were not, therefore, really depreciated in value. That was true, but guineas had, notwithstanding, risen to a value of five- or six-and-twenty shillings, and might be sold for that. Gold had risen, but paper had not fallen; and gold could not take the place of paper, because it did not, to any great extent, exist in the country; if it had, paper must have fallen ruinously. Mr. Vansittart and his party, therefore, moved resolutions that the resumption of cash payments being already provided for six months after the conclusion of peace, was an arrangement which answered all purposes, and ought not to be disturbed; that this would keep all real excess of paper in check, and leave gold to resume its circulation when, by the natural influence of peace, it flowed again into the country. These were, accordingly, carried.

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