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TWO:Buonaparte had arrived in Rochefort on the 3rd of July��only fifteen days after the battle of Waterloo. The two frigates provided by the Provisional Government to convey him to America��the Saale and the Medusa, accompanied by the corvette Balladi��re and the large brig Epervier��lay in the Aix roads; but Buonaparte was very sure that the British Government would not permit them to sail. That Government, anticipating such an event as the endeavour of Napoleon to make his escape to America��whence he might watch his opportunity of once more renewing the troubles of the world��had, immediately after the battle of Waterloo, placed no less than thirty vessels of different descriptions along the whole coast of France, from Ushant to Cape Finisterre, thus making it impossible for any vessel to pass out of a French port without undergoing the severest search. Napoleon thereupon embarking in a British frigate, the Bellerophon, wrote a theatrical letter, claiming the hospitality of the Prince Regent:��

FORE:The noble marquis was regarded by Mr. Peel with the most sincere respect and esteem, which were cordially reciprocated. In a letter dated January 30th, 1828, Lord Wellesley wrote to him thus:��"Your most acceptable letter of the 29th instant enables me to offer to you now those assurances of gratitude, respect, and esteem which, to my sincere concern, have been so long delayed. Although these sentiments have not before reached you in the manner which would have been most suitable to the subject, I trust that you have not been unacquainted with the real impressions which your kindness and high character have fixed in my mind, and which it is always a matter of the most genuine satisfaction to me to declare. I am very anxious to communicate with you in the same unreserved confidence so long subsisting between us on the state of Ireland."

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TWO:Surely, both magistrates and soldiers might now have been satisfied. A defenceless multitude have no means of resistance, and, doing their best to get away, might have been left to do so without further molestation, which would be equally brutal in the magistrates, and cowardly in the soldiers. But neither of these parties seems to have thought so on this unhappy occasion. The magistrates issued no orders to desist, and the soldiers, by the confession of one of their officers, went on striking with the flats of their swords at the impeded people, who were thrown down in their vain efforts to get away, and piled in struggling heaps on the field. Mr. Hulton confessed that he walked away from the window after he had let loose the horse-soldiers on the people. "He would rather not see any advance of the military." He was, in fact, so tender-hearted that he did not mind the people��men, women, and children, met to exercise their political rights��being trodden down under the iron hoofs of horses, and cut down by the sword, so long as he did not see it.

FORE:It is impossible to conceive the extent of suffering and desolation inflicted upon society, almost every family being involved, more or less, in the general calamity. Flourishing firms were bankrupt, opulent merchants impoverished, the masses of working people suddenly thrown out of employment, and reduced to destitution; and all from causes with which the majority had nothing to do��causes that could have been prevented by a proper monetary system. If Bank of England notes had been a legal tender, to all intents and purposes supplying the place of gold as currency; if these notes had been supplied to the country banks in any quantities they required, ample security being taken to have assets equal to their respective issues, then the currency would have had an elastic, self-adjusting power, expanding or contracting according to the requirements of commerce. Inordinate speculation would not have been stimulated by a reckless system of credit, and business would have been conducted in a moderate and judicious manner, instead of rushing on at a high pressure that rendered a crash inevitable. The Government, after anxious and repeated deliberations, supplied a remedy on this principle. They determined to issue one-pound and two-pound notes of the Bank of England, for country circulation, to any amount required. In the meantime the Mint was set to work with all its resources in the coining of sovereigns[244], which, for the course of a week, were thrown off at the rate of 150,000 a day. The notes could not be manufactured fast enough to meet the enormous demand for carrying on the business of the country. In this dilemma the Bank was relieved by a most fortunate discovery��a box containing ��700,000, in one- and two-pound notes that had been retired, but which were at once put into circulation. The people having thus got notes with Government security, the panic subsided, and the demand for gold gradually ceased. The restoration of confidence was aided by resolutions passed at a meeting of bankers and merchants in the City of London, declaring that the unprecedented embarrassments and difficulties under which the circulation of the country laboured were mainly to be ascribed to a general panic, for which there were no reasonable grounds; that they had the fullest confidence in the means and substance of the banking establishments of the capital and the country; that returning confidence would remove all the symptoms of distress caused by the alarms of the timid, so fatal to those who were forced to sacrifice their property to meet unexpected demands. The new measures so promptly adopted and so vigorously carried into effect, raised the circulation of the Bank of England notes in three weeks from ��17,477,290 to ��25,611,800. Thus the regular and healthful action of the monetary system was restored by an adequate circulation of paper money, on Government security, without specie to sustain it. There were at the time of the crash 770 country bankers; 63 stopped payment, 23 of them having subsequently resumed business, and paid twenty shillings in the pound; and even those that were not able to resume, paid an average of seventeen shillings and sixpence in the pound. It was estimated that the total loss to the country by this panic was one hundred million pounds.The confederates endeavoured to keep their plans profoundly secret till they were ready to burst at once on the devoted King of Prussia; but Frederick was the last man alive to be taken by surprise. The secret was soon betrayed to him, and, at once waiving his dislike of the King of England, he concluded a convention with him in January, 1756, and bound himself, during the disturbances in America, not to allow any foreign troops to pass through any part of Germany to those colonies, where he could prevent it. Having his treasury well supplied, he put his army in order, and in August of that year sent a peremptory demand to Vienna as to the designs of Austria, stating, at the same time, that he would not accept any evasive reply; but the reply being evasive, he at once rushed into Saxony at the head of sixty thousand men, blockaded the King of Saxony in Pirna, and secured the queen in Dresden. By this decisive action Frederick commenced what the Germans style "The Seven Years' War." In the palace of Dresden Frederick made himself master of the secret correspondence and treaties with France, Russia, and Austria, detailing all their designs, which he immediately published, and thus fully justified his proceedings to the world.

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TWO:The trial of the chief prisoner lasted nine days. The jury brought in a verdict of guilty, but unanimously and strongly prayed that his life might be spared. It was generally understood that this recommendation would be acted upon, especially as the insurgents had killed none of the Queen's subjects, and their leader had done all in his power to dissuade them from the perpetration of crime. McManus and Meagher were next tried, and also found guilty, with a similar recommendation to mercy. When they were asked why sentence of death should not be passed upon them, Smith O'Brien answered that he was perfectly satisfied with the consciousness of having performed his duty to his country, and that he had done only what, in his opinion, it was the duty of every Irishman to have done. This no doubt would have been very noble language if there had been a certainty or even a likelihood that the sentence of death would be executed, but as no one expected it, there was perhaps a touch of the melodramatic in the tone of defiance adopted by the prisoners. The Government acted towards them with the greatest forbearance and humanity. They brought a writ of error before the House of Lords on account of objections to the jury panel; but the sentence of the court was confirmed. The sentence of death was commuted to transportation for life; but they protested against this and insisted on their legal right to be either hanged or set free, in consequence of which an Act was passed quickly through Parliament to remove all doubt about the right of the Crown to commute the sentence. The convicts were sent to Van Diemen's Land, where they were allowed to go about freely, on their parole. Meagher and McManus ultimately escaped to America, and Smith O'Brien after some years obtained a free pardon, and was permitted to return home to his family, but without feeling the least gratitude to the Government, or losing the conviction that he had only done his duty to his country. Mr. (afterwards Sir) Gavan Duffy was tried for high treason in Dublin, in February, 1849, but the jury disagreed. He was again tried in April following, when the same thing occurred, and Mr. Duffy gave security to appear again, if required, himself in ��1,000.

FORE:

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