TWO:Signing the Act of Separation and Deed of Demission at Tanfield, Edinburgh, May 23rd, 1843.
FORE:On the 12th of February, 1823, the President of the Board of Trade said, in his place in Parliament:"The general exports of the country in the four years from 1815 to 1819 had decreased 14,000,000 in official value; and he took the official value in preference to the declared, because it was from the quantity of goods produced that the best measure was derived of the employment afforded to the different classes of the community. In the year from the 5th of January, 1819, to the 5th of January, 1820, the exports of the country fell off no less than 11,000,000; and in looking at that part of it which more completely embraced British or Irish manufacture, he found that the difference in four years was 8,414,711; and that in the year from the 5th of January, 1820, to the 5th of January, 1821, there was a decrease of 8,929,629. Nobody, therefore, could be surprised that, at that period, the industry of the country appeared to be in a state of the utmost depression; that our manufacturers were most of them unemployed; that our agriculturists were many of them embarrassed; and that the country, to use the phrase of a friend of his in presenting a petition from the merchants of London, 'exhibited all the appearances of a dying nation.' Though the condition of the agricultural interest was not as favourable as he could wish, still it was most satisfactory for him to state that not only did the exports of last year [1822] exceed those of all the years to which he had been alluding, but also those of the most flourishing year which had occurred during the continuance of the war. In all material articles there had been a considerable increase. The export of cotton had increased ten per cent., and hardware seventeen per cent.; of linens twelve per cent., and of woollens thirteen per cent.; and the aggregate exports of 1822 exceeded those of 1820 by twenty per cent., and of 1821 by seven per cent., notwithstanding a deduction was to be made from the exports of one great article, sugar, owing to a prohibitory decree of Russia, amounting to thirty-five per cent." The result of this prosperous state of things was that, in 1823, the new Chancellor of the Exchequer was enabled to present the best and most popular Budget that had been laid before Parliament for many years, remitting a large amount of taxes that had pressed most heavily on the springs of industry, and inflicted the greatest amount of inconvenience and privation upon the people. The revenue of the nation in that year was 57,000,000, and the expenditure was estimated at 49,672,999, leaving a surplus of upwards of 7,000,000. Of this surplus, 5,000,000 was set aside for the reduction of the National Debt, and the remainder for the remission of taxes. As the assessed taxes were most oppressive, they were reduced fifty per[239] cent., a reduction which was estimated on the window tax alone at 1,205,000. On the whole, the assessed taxes were reduced by 2,200,000. This included 100,000, the total amount of assessed taxes in Ireland. In England the whole of the window tax was removed from the ground floors of shops and warehouses.
FORE:QUEEN VICTORIA IN THE CORONATION ROBES, 1838.At this juncture, when the eyes of all Europe were turned on the new Republic of America, Congress gave a proof of its utter contempt of those principles of honour which are regarded as the distinguishing characteristics of civilised nations. The convention on which General Burgoyne's army had surrendered was deliberately violated. It had been stipulated that his troops should be conveyed to Boston, and there suffered to embark for England in British transports to be admitted to the port for that purpose. But no sooner did Congress learn this stipulation than it showed the utmost reluctance to comply with it. It was contended that these five thousand men would liberate other five thousand in England to proceed to America. It was therefore determined to find some plea for evading the convention. An article of the convention provided that the English officers should be quartered according to their rank; but they complained that six or seven of them were crowded into one small room, without regard either to rank or comfort. But Burgoyne, finding remonstrance useless at Boston, wrote to Gates reminding him of his engagements in the convention, and declaring such treatment a breach of public faith. This was just one of those expressions that Congress was watching for, and they seized upon it with avidity. "Here," they said, "is a deep and crafty schemea previous notice put in by the British General to justify his future conduct; for, beyond all doubt, he will think himself absolved from his obligation whenever released from his captivity, and go with all his troops to reinforce the army of Howe." Burgoyne offered at once to give Congress any security against such imagined perfidy. But this did not suit Congressits only object was to fasten some imputation on the English as an excuse for detaining them contrary to the convention, and they went on to raise fresh obstacles.
FORE:A great portion of the present Session was[143] occupied with discussing the return to cash payments, which, by the Act of Parliament, ought to take place on the 5th of July of this year. It appears that no less than fifty debates and conversations in both Houses took place on this important subject during the Session. Very soon after the meeting of Parliament a secret committee of each House was appointed to inquire into the state of the Bank. These committees were, however, so managed, by delivering to the members lists of suitable persons for such committees, that scarcely any but Ministerial men were voted, though these votes were given by ballot. In the Commons this result was so evident that the Opposition declined to vote at all. The first reports of the committees went rather to close more strictly than to open the issue of gold by the Bank. It had been paying in gold its notes issued previous to January, 1817. This payment it was proposed to stop, as, at present, evidently injurious to the interests of the country. Mr. Peel, on moving for a Bill for this purpose, stated that the gold at the present price was fast finding its way abroad, and was as rapidly absorbed in re-minting a gold coinage for France. It appeared that during the first half of 1818 gold to the value of no less than one hundred and twenty-eight million francs had been coined at the French mint, of which three-fourths were derived from the gold coinage of England. A Bill was accordingly passed to stop payment altogether in gold till the necessary preparations were made by a fresh Bill. Still, the condition of the Bank was represented as flourishing. Its liabilities were stated in January, 1819, as amounting to thirty-three million eight hundred and ninety-four thousand five hundred and eighty pounds; its assets, including the debt due from Government, fifty-three million seven hundred and eighty-three thousand seven hundred pounds. The total Bank surplus appeared to be nineteen million eight hundred and eighty-nine thousand one hundred and twenty pounds; and its surplus, independent of the Government debt, and therefore available for current use, was five million two hundred and two thousand three hundred and twenty pounds. The committees adopted the scheme broached by Mr. Ricardo in his "Proposals for an Economical and Secure Currency," published in 1816. This was that the Bank, in the first instance, should not pay for its notes in gold coin, but in ingots of a certain weight, its fineness being attested by a stamp; and this degree of purity should be regulated from time to time till the gold descended to the Mint price of three pounds seventeen shillings and tenpence-halfpenny per ounce. When the Mint gold at length reached this rate of value, then the payment in coin was to be begun. Resolutions to this effect were moved by the Earl of Harrowby on the 21st of May, and they received the approval, not only of the Ministerial side, but of the leading Opposition members, Lords Grenville, Lansdowne, and King.Peel then shows how, and under what constraining sense of duty, he responded to that claim: "And if the duty which that acknowledged claim imposed upon me were thisthat in a crisis of extreme difficulty I should calmly contemplate and compare the dangers with which the Protestant interest was threatened from different quartersthat I should advise a course which I believe to be the least unsafethat having advised and adopted, I should resolutely adhere to itthat I should disregard every selfish considerationthat I should prefer obloquy and reproach to the aggravation of existing evils, by concealing my real opinion, and by maintaining the false show of personal consistencyif this were the duty imposed upon me, I fearlessly assert that it was most faithfully and scrupulously discharged."
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THREE:"It was always," said Mr. Brougham, "the queen's sad fate to lose her best stay, her strongest and surest protection, when danger threatened her; and by a coincidence most miraculous in her eventful history, not one of her intrepid defenders was ever withdrawn from her without that loss being the immediate signal for the renewal of momentous attacks upon her honour and her life. Mr. Pitt, who had been her constant friend and protector, died in 1806. A few weeks after that event took place, the first attack was levelled at her. Mr. Pitt left her as a legacy to Mr. Perceval, who became her best, her most undaunted, her firmest protector. But no sooner had the hand of an assassin laid prostrate that Minister, than her Royal Highness felt the force of the blow by the commencement of a renewed attack, though she had but just been borne through the last by Mr. Perceval's skilful and powerful defence of her character. Mr. Whitbread then undertook her protection; but soon that melancholy catastrophe happened which all good men of every political party in the State, he believed, sincerely and universally lamented. Then came with Mr. Whitbread's dreadful loss the murmuring of that storm which was so soon to burst with all its tempestuous fury upon her hapless and devoted head. Her child still lived, and was her friend; her enemies were afraid to strike, for they, in the wisdom of the world, worshipped the rising sun. But when she lost that amiable and beloved daughter, she had no protector; her enemies had nothing to dread; innocent or guilty, there was no hope, and she yielded to the entreaty of those who advised her residence out of this country. Who, indeed, could love persecution so steadfastly as to stay and brave its renewal and continuance, and harass the feelings of the only one she loved so dearly by combating such repeated attacks, which were still reiterated after the echo of the fullest acquittal? It was, however, reserved for the Milan Commission to concentrate and condense all the threatening clouds which were prepared to burst over her ill-fated head; and as if it were utterly impossible that the queen could lose a single protector without the loss being instantaneously followed by the commencement of some important step against her, the same day which saw the remains of her venerable Sovereign entombedof that beloved Sovereign who was, from the outset, her constant father and friendthat same sun which shone upon the monarch's tomb ushered into the palace of his illustrious son and successor one of the perjured witnesses who were brought over to depose against her Majesty's life.
THREE:[523]This insult roused the fiery blood of Spain. The king and queen were excited to paroxysms of rage. They told Mr. William Stanhope that, in future, they would put confidence in no prince except his master, nor admit any one else to mediate for them in their negotiations. But George refused to break with France on their account, and ventured to remind Philip that he himself stood greatly in need of the alliance with France. Blinded, however, by their wounded pride, the King and Queen of Spain now turned their anger against England. They recalled their plenipotentiaries from the Congress of Cambray, which was sitting to settle the affairs of Europe, and professed their readiness to abandon all their hostility to the Emperor of Germany, and to concede all that they had so long demanded from him, on condition that he entered into a close alliance with them against France and England. They sent back to France the widow of the late Don Louis, and also Mademoiselle Beaujolais, another daughter of the late Regent Orleans, who had been contracted to Don Carlos.
THREE:The year 1792 opened in England with a state of intense anxiety regarding the menacing attitude of affairs in France. There were all the signs of a great rupture with the other Continental nations; yet the king, in opening Parliament, on the 31st of January, did not even allude to these ominous circumstances, but held out the hope of continued peace. George III. stated that he had been engaged with some of his allies in endeavouring to bring about a pacification between the Russians and Austrians with Turkey, and that he hoped for the conclusion of the war in India against Tippoo Sahib, ere long, through the able management of Lord Cornwallis. He also announced the approaching marriage of the Duke of York with the eldest daughter of the King of Prussia. Grey and Fox, in the debate upon the Address, condemned strongly our interference on behalf of Turkeya state which they contended ought, from its corruption, to be allowed to disappear. They also expressed a strong opinion that the war in India would not be so soon terminated. Fox was very severe on the treatment of Dr. Priestley and the Dissenters at Birmingham, declaring the injuries[389] done to Priestley and his friends equally disgraceful to the nation and to the national Church. He passed the highest encomiums on the loyalty of the Dissenters. Pitt regretted the outrages at Birmingham, but slid easily over them to defend the support of Turkey as necessary to the maintenance of the balance of power in Europe; and he concluded the debate by stating that the revenue of the last year had been sixteen million seven hundred and seventy thousand pounds, and that it left nine hundred thousand pounds towards the liquidation of the National Debt.[See larger version]
