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TWO:The news from Boston could not have arrived at a moment when the public mind was more ill-disposed towards the Americans. The affair of the abstraction of Mr. Whately's private letters from his house or office, and their publication, contrary to custom and to its own engagement, by the Massachusetts Assembly, had produced a deep conviction in all classes in England of the utter disregard of honour both in the American colonists and their agent, Franklin. This disgraceful violation of the sacred security of private papers roused the indignation of Mr. William Whately, banker, in Lombard Street, and brother to the late Mr. Thomas Whately. He conceived strong suspicions of John Temple, afterwards Sir John Temple, Lieutenant-Governor of New Hampshire, and, though one of the Commissioners of Customs at Boston, really hostile to the Commission, and a strong partisan of Franklin. Whately challenged Temple, and was severely wounded in the rencontre. At this, Franklin came forward with an avowal that neither the late Mr. Whately nor Mr.[211] Temple had anything to do with the carrying off of the letters; that he alone was responsible for this act.

FORE:The distress which had pressed so severely on the people, and which had set them thinking about the most perilous political changes, was intimately connected with the state of the country. Throughout the troubled period of almost incessant war and lavish expenditure between 1797 and 1815, the business of the nation was carried on with an inconvertible paper currency, the precious metals having nearly all departed from the country. Bank notes were issued in such quantities, to meet the exigencies of the Government, that the prices of all commodities were nearly doubled. The Bill which was passed in 1819 providing for the resumption of cash payments had reduced the currency from ��48,278,070, which was its amount in 1819, to ��26,588,000, in 1822. The consequence was the reduction of prices in the meantime, at the rate of fifty per cent., in all the articles of production and commerce. With this tremendous fall of prices, the amount of liabilities remained unchanged; rents, taxes, and encumbrances were to be paid according to the letter of the contract, while the produce and commodities��the sale of which was relied upon to pay them��did not produce more than half the amount that they would have brought at the time of the contracts. The evil of this sudden change was aggravated by the South American Revolution, in consequence of which the annual supply of the precious metals was reduced to a third of its former amount. It was peculiarly unfortunate that this stoppage in the supply of gold and silver occurred at the very time that the Legislature had adopted the principle that paper currency should be regarded as strictly representing gold, and should be at any moment convertible into sovereigns. A paper currency should never be allowed[238] to exceed the available property which it represents, but it is not necessary that its equivalent in gold should be lying idle in the coffers of the Bank, ready to be paid out at any moment the public should be seized with a foolish panic. It is enough that the credit of the State should be pledged for the value of the notes, and that credit should not be strained beyond the resources at its command. The close of 1822 formed the turning-point in the industrial condition of the country. The extreme cheapness of provisions, after three years of comparative privation, enabled those engaged in manufacturing pursuits to purchase many commodities which they had hitherto not been able to afford. This caused a gradual revival of trade, which was greatly stimulated by the opening of new markets for our goods, especially in South America, to which our exports were nearly trebled in value between 1818 and 1823, when the independence of the South American Republics had been established. The confidence of the commercial world was reassured by the conviction that South America would prove an unfailing Dorado for the supply of the precious metals. The bankers, therefore, became more accommodating; the spirit of enterprise again took possession of the national mind, and there was a general expansion of industry by means of a freer use of capital, which gave employment and contentment to the people. This effect was materially promoted by the Small Note Bill which was passed in July, 1822, extending for ten years longer the period during which small notes were to be issued; its termination having been fixed by Peel's Bill for 1823. The average of bank-notes in circulation in 1822 was ��17,862,890. In November of the following year it had increased by nearly two millions. The effect of this extension of the small note circulation upon prices was remarkable. Wheat rose from 38s. to 52s., and in 1824 it mounted up to 64s. In the meantime the bullion in the Bank of England increased so much that whereas in 1819 it had been only ��3,595,360, in January, 1824, it amounted to ��14,200,000. The effect of all these causes combined was the commencement of a reign of national prosperity, which burst upon the country like a brilliant morning sun, chasing away the chilling fogs of despondency, and dissipating the gloom in the popular mind.

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TWO:Another measure in this Session marks an epoch in the history of literature and science in Great Britain. Parliament empowered the Crown to raise money by lottery for the purchase of the fine library, consisting of fifty thousand volumes, and the collection of articles of vertu and antiquity, amounting to sixty-nine thousand three hundred and fifty-two in number, bequeathed by Sir Hans Sloane to the nation on the condition that twenty thousand pounds should be paid to his daughters for what had cost himself fifty thousand pounds. The same Bill also empowered Government to purchase of the Duchess of Portland, for ten thousand pounds, the collection of MSS. and books, etc., made by her grandfather, Harley, the Lord Treasurer Oxford, and also for the purchase of Montagu House, which was offered for sale in consequence of the death of the Duke of Montagu without heirs, in which to deposit these valuable collections. The antiquarian and literary collections of Sir Robert Cotton, purchased in the reign of Queen Anne, were also removed to Montagu House; and thus was founded the now magnificent institution, the British Museum. It is remarkable that whilst Horace Walpole, professing himself a patron of letters, has recorded all the gossip of his times, he has not deemed this great literary, scientific, and artistic event worthy of the slightest mention.The Liberals seem to have been strongly inclined to the opinion that the Duke of Wellington, having won the great victory of Emancipation, should retire from the field��that he was not fit to lead the van of progress in Parliament. "The Prime Minister of England," exclaimed Sir Francis Burdett, "is shamefully insensible to the suffering and distress which are painfully apparent throughout the land. When, instead of meeting such an overwhelming pressure of necessity with some measure of relief, or some attempt at relief, he seeks to stifle every important inquiry��when he calls that a partial and temporary evil which is both long-lived and universal,��I cannot look on such a mournful crisis, in which the public misfortune is insulted by Ministerial apathy, without hailing any prospect of change in the system which has produced it. What shall we say to the ignorance which can attribute our distress to the introduction of machinery and the application of steam, that noble improvement in the inventions of man to which men of science and intelligence mainly ascribe our prosperity? I feel a high and unfeigned respect for that illustrious person's abilities in the field, but I cannot help thinking that he did himself no less than justice when he said, a few months before he accepted office, that he should be a fit inmate for an asylum of a peculiar nature if he ever were induced to take such a burden upon his shoulders." On the other hand the Opposition was nearly as disorganised as the Government, until Lord Althorp was selected to lead it in the Commons.

FORE:Hunt, and about a dozen of his friends, were seized on the platform. Bamford and some others, who had escaped, were afterwards taken. The streets were then cleared by the infantry. Such was the celebrated Manchester massacre, in which the actual wounds inflicted by the soldiers do not appear to have been many. About seventy people were carried to the infirmaries, or went there, to have their wounds dressed��a considerable number for severe cuts and fractured limbs; and six lives were lost, including a special constable run over by the cavalry, and a Manchester Yeoman, who was struck from his horse by a brickbat, aimed by a man whom he was pursuing.

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TWO:But there was one subject of general and permanent interest brought under the notice of the House of Commons. Mr. Henry Brougham made an important speech on the great and difficult subject of Popular Education, which he continued to advocate, with so much power and success, throughout the whole of his lengthened and brilliant career. He stated that there were then twelve thousand parishes or chapelries in England; of these three thousand five hundred had not a vestige of a school, and the people had no more means of education than the Hottentots or Kaffirs. Of the remainder, there were five thousand five hundred unendowed, depending entirely on the casual and fleeting support of the parents of the children attending them. The number of children receiving education at all the schools, week-day and Sunday, was seven hundred thousand. Estimating the number educated at home at fifty thousand, the whole number then under instruction would be seven hundred and fifty thousand��about one-fifteenth of the entire population. In Scotland the proportion at that time was about one-tenth; in Holland and Prussia the same; in Switzerland one-eighth. France was then at the bottom of the scale, only one-twenty-eighth of the population being under instruction. Mr. Brougham proposed a school-rate for England, according to the American plan.

FORE:'Tis a sign that he had rather

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