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ONE:In the House of Commons similar resolutions were moved on the 24th by Mr. Robert Peel, who, on this occasion, made the first of those candid admissions of new views which he afterwards repeated on the question of Catholic Emancipation, and finally on the abolition of the Corn Laws. This eminent statesman, though beginning his career in the ranks of Conservatism, had a mind capable of sacrificing prejudice to truth, though it was certain to procure him much obloquy and opposition from his former colleagues. He now frankly admitted that the evidence produced before the secret committee of the Commons, of which he had been a member, had greatly changed his views regarding the currency since in 1811 he opposed the resolutions of Mr. Horner, the chairman of the Bullion Committee. He now believed the doctrines of Mr. Horner to be mainly sound, and to represent the true nature of our monetary system; and, whilst making this confession, he had only to regret that he was compelled by his convictions to vote in opposition to the opinions of his venerated father. Several modifications were proposed during the debate, but there appeared so much unanimity in the House that no alterations were made, and the resolutions passed without a division. The resolutions were to this effect:��That the restrictions on cash payments should continue till the 1st of May, 1822; that, meanwhile, the House should make provision for the gradual payment of ten millions of the fourteen millions due from the Government to the Bank; that, from the 1st of February, 1820, the Bank should take up its notes in gold ingots, stamped and assayed in quantities of not less than sixty ounces, and at a rate of eighty-one shillings per ounce. After the 1st of October of the same year the rate of gold should be reduced to seventy-nine shillings and sixpence per ounce; and again on the 1st of May, 1821, the price should be reduced to seventy-seven shillings and tenpence halfpenny per ounce; and at this rate of gold, on the 1st of May, 1822, the Bank should finally commence paying in the gold coin of the realm. Bills to this effect were introduced into both Houses by the Chancellor of the Exchequer and Mr. Peel, and were readily[144] passed; and such was the flourishing condition of the Bank that it did not wait for the full operation of the Act, but commenced paying in coin to any amount on the 1st of May, 1821. TWO:WILLIAM WILBERFORCE. (After the Portrait by G. Richmond.)

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ONE: TWO:The first charge, however, was not so encouraging. The French made an impetuous onset, and threw the advanced guard of the English into confusion; but the king and his son, the Duke of Cumberland, who commanded on the left, and, like his father, took his stand in the front line, displayed the highest pluck, and inspired their troops with wonderful courage. The tide of battle was quickly turned, and Noailles, from the other side, saw with astonishment and alarm his troops in action contrary to his plans. He returned in all haste to give fresh support to his soldiers, but it was too late. Gallantly as the French fought, the presence of the king and prince on the other side made the English and Hanoverians irresistible. King, and prince, and army all showed an enthusiastic courage and steadiness which bore down everything before them. The dense column of infantry, led on by the king, broke the French ranks, and cut through them with terrible slaughter. Noailles, seeing the havoc, gave a command which completed the disaster. To shield his men, he ordered them to repass the Main; but a word of retreat, in all such cases, is a word of defeat. The retrograde movement produced dismay and disorder; the whole became a precipitate rout. The French were driven in confused masses against the bridges, the bridges were choked up with the struggling throng, and numbers were forced into the river, or jumped in for escape, and were drowned.This result was due to important negotiations behind the scenes. For many months the more extreme section of the Cabinet had urged Lord Grey to recommend the king to swamp the hostile majority by a creation of peers. Both he and Althorp objected to this course, and fresh overtures were made to the waverers, while the king undertook to convert the Bishops. Both attempts[348] failed, and then the Cabinet was nearly rent in twain. Lord Durham attacked his father-in-law in language which Althorp declared to be "brutal," and for which, said Lord Melbourne, he deserved to be knocked down. At last the king resolved to agree to a creation of peers on condition that the new creations should not exceed the number of 24. This alarmed the waverers, and with the aid of Charles Greville they came to terms with the Government. Lord Harrowby and Lord Wharncliffe secured a majority on the second reading, on condition that no new peers should be created.

FORE:It was in these grave circumstances that Lord North, on the 5th of March, 1770, brought forward his bill, based on the terms of Lord Hillsborough's letter to the American governors, to repeal all the import duties except that on tea. This was one of those half-and-half measures which never succeed; it abandoned the bulk of the duties, but retained the really obnoxious thing��the principle. Grenville very truly told them that they should retain the whole, or repeal the whole. Lord Barrington and Welbore Ellis, in their dogged Toryism, protested against repealing a single item of them; and the Opposition, Barr��, Conway, Meredith, Pownall, etc., as earnestly entreated them to remove the duties altogether, and with them all cause of irritation. The motion for leave to bring in the bill was carried by two hundred and four votes to one hundred and forty-two. During the debates it was shown that, during the financial year, the American tea duties had produced��not the calculated ten or twelve thousand, but less than three hundred pounds! For such a sum did our legislators risk a civil war. As a last effort on this question at this time, the Opposition, on the 1st of May, called for the correspondence with America; and, on the 9th, Burke moved nine resolutions on the general topic. They were not only negatived, but a similar motion, introduced into the Peers by the Duke of Richmond, met the same fate.Granville being got rid of, and the Opposition bought up with place, the only difference in the policy which had been pursued, and which had been so bitterly denounced by the noblemen and gentlemen now in office, was that it became more unequivocally Hanoverian and more extravagant. "Those abominably Courtly measures" of Granville were now the adopted measures of his denouncers. The king had expressed, just before his fall, a desire to grant a subsidy to Saxony; but Lord Chancellor Hardwicke had most seriously reminded his Majesty of the increased subsidy to the Queen of Hungary, which made it impracticable: now, both the increased subsidy to Maria Theresa and the subsidy to Saxony were passed without an objection. A quadruple alliance was entered into between Britain, Austria, Holland, and Saxony, by which Saxony was to furnish thirty thousand men for the defence of Bohemia, and to receive a hundred and fifty thousand pounds, two-thirds of which were to be paid by England, and one-third by Holland. The Elector of Cologne received twenty-four thousand pounds, the Elector of Mayence eight thousand pounds. Nay, soon discovering that, as there was no opposition, there was no clamour on the subject, Ministers the very next year took the Hanoverians into their direct pay again, and in 1747 increased the number of them from eighteen thousand to twenty thousand.