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ONE:Nevertheless, the results actually attained in the first two years were briefly these: first, the[466] chargeable letters delivered in the United Kingdom, exclusive of that part of the Government's correspondence which formerly passed free, had already increased from the rate of about 75,000,000 a year to that of 208,000,000; secondly, the London district post letters had increased from about 13,000,000 to 23,000,000, or nearly in the ratio of the reduction of the rates; thirdly, the illicit conveyance of letters was substantially suppressed; fourthly, the gross revenue, exclusive of repayments, yielded about a million and a half per annum, which was sixty-three per cent. on the amount of the gross revenue of 1839, the largest income which the Post Office had ever afforded. These results, at so early a stage, and in the face of so many obstructions, amply vindicated the policy of the new system. But by its enemies that system was declared to be a failure, until the striking evidence of year after year silenced opposition by an exhaustive process.Sir Walter Scott has, perhaps, left the most permanent traces behind him. We have on many occasions mentioned this illustrious writer; perhaps this is a fitting time to speak more in detail of his career. He was born, in 1771, of a very respectable family, at Edinburgh. He began his career as an author while very young; his earlier publications, though not successful in a pecuniary way, were greatly admired by good judges; and his undoubted talents, as well as his family connections, introduced him to men high in rank, whose influence became valuable to him, and also to the most distinguished literary characters of the time. His appointment as sheriff-depute of Selkirkshire, by securing him a competent income, while its duties demanded but little of his time, enabled him to devote himself to his favourite pursuits; and his resources were further augmented by a small patrimony which he obtained at the death of his father, and by property he received with the lady whom he married. At this period he produced several poems, some of which were of considerable length, and he acquired a large amount of celebrity. "Marmion" appeared in 1808, and "The Lady of the Lake" in 1810. His income from various sources became, after some time, very considerable; and happy would it have been for him had he been content with it. But ambition, of which he had long shown symptoms, became a master passion, and he yielded fatally to its influence. To hasten the acquisition of wealth, as a means of adding to the consequence and importance of his family, which was the dream of his life, he became a partner in a large publishing firm, which afterwards involved him in its ruin, and whose liabilities swallowed up the profits of a most successful career. The demands which it continually made on his resources compelled him to undertake literary drudgery, in addition to his ordinary labours; and the magnitude of the enterprises filled him with continual anxiety. His time was unremittingly occupied: from 1815 to 1825 he vanished, indeed, from public view; yet he was never more thoroughly employed. "Waverley" made its appearance in 1814; but the name of the writer was, for some time, involved in impenetrable mystery. Its success was unexampled, and it was followed by many similar productions. When the hour of Sir Walter Scott's seemingly greatest prosperity had arrived, and his most sanguine expectations[437] appeared to be nearly realised, the crash came. The firm of which he had so long been a secret partner stopped payment; this event, besides entailing upon him immense pecuniary loss, inflicted a deep wound on his feelings by proclaiming to the world his connection with mercantile speculations. His conduct upon this trying occasion was, however, in accordance with his whole life; he refused to avail himself of any legal technicalities for the purpose of diminishing his responsibilities; and he not only gave up to the creditors of the concern with which he was so unfortunately connected all he then possessed, but devoted the energies of the remainder of his life to make up the large deficit that still remained. He afterwards realised the enormous sum of ��40,000 by his writings, and shortly after his death his debts were paid in full by his executors. But his exertions had been too much for him; he became ultimately a wreck both in body and mind; every effort to recover health was in vain; the last few months of his life passed with very rare intervals of consciousness; and he expired, it may be said, prematurely, in the sixty-first year of his age. He ranks high as a poet, but far higher as the discoverer of a new world of fiction; in describing which, however numerous those who attempt to follow the course which he pursued, he is little likely ever to have a successful rival. He died in 1832, and so belongs more properly to the reign of George III. TWO:[See larger version]

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ONE: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. TWO:On the 29th of November Flood moved for leave to bring in a Bill for the more equal representation of the people. This was the scheme of the Volunteer Parliament, and all the delegates to the Convention who were members of the House, or had procured admittance as spectators, appeared in uniform. The tempest that arose is described as something terrific. The orders of the House, the rules of debate, the very rules of ordinary conduct amongst gentlemen, were utterly disregarded. The fury on both sides was uncontrollable. The motion was indignantly rejected by one hundred and fifty-seven votes against seventy-seven; and the House immediately voted a cordial Address to his Majesty, declaring their perfect satisfaction with the blessings enjoyed[311] under his auspicious reign, and the present happy Constitution, and their determination to support him with their lives and fortunes. On the 13th of March Mr. Flood introduced his Bill once more, for equalising the representation of the people in Parliament. It proposed to abolish the right of boroughs altogether to send members, and to place the franchise in the people at large. Sir John Fitzgibbon, the Attorney-General, stoutly opposed it; Grattan dissented from it, and it was thrown out on the motion to commit it."My lords," he said, "I rejoice that the grave has not closed upon me; that I am still alive to lift up my voice against the dismemberment of this ancient and most noble monarchy. Pressed down as I am by the hand of infirmity, I am little able to assist my country in this most perilous conjuncture; but, my lords, whilst I have sense and memory, I will never consent to deprive the royal offspring of the House of Brunswick, the heirs of����" here he faltered for some moments, whilst striving to recall the name��"of the Princess Sophia, of their fairest inheritance. My lords, his Majesty succeeded to an empire as great in extent as its reputation was unsullied. Shall we tarnish the lustre of that empire by an ignominious surrender of its rights and fairest possessions? Shall this great kingdom, which has survived whole and entire the Danish depredations the Scotch inroads, and the Norman conquest��that has stood the threatened invasion of the Spanish Armada, now fall prostrate before the House of Bourbon? Surely, my lords, this nation is no longer what it was! Shall a people that fifteen years ago were the terror of the world now stoop so low as to tell this ancient, inveterate enemy��'Take all we have, only give us peace'? It is impossible! I wage war with no man or set of men; I wish for none of their employments; nor would I co-operate with men who persist in unretracted error��who, instead of acting on a firm, decisive line of conduct, halt between two opinions where there is no middle path. In God's name, if it is absolutely necessary to declare either for peace or war, and the former cannot be preserved with honour, why is not the latter commenced without hesitation? I am not, I confess, well informed of the resources of this kingdom; but I trust it has still sufficient to maintain its just rights, though I know them not. But, my lords, any state is better than despair. Let us, at least, make one effort, and if we must fall, let us fall like men!"

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ONE:The case of Spain was the most perplexing of all. The British Cabinet expressed the opinion that no foreign Power had any right whatever to interfere with any form of government which she had established for herself, and that her king and people were to be left to settle their own differences as best they could. The representative of Great Britain was directed to urge this point with all his influence upon the Allies, and especially upon France. But the case of her revolted colonies was different. It was evident, from the course of events, that their recognition as independent States was become a mere question of time. Over by far the greater portion of them Spain had lost all hold, and it had been found necessary, in order to admit their merchant vessels into British ports, to alter the navigation laws both of Britain and Spain. The letter of instructions accordingly directed the British plenipotentiary to advocate a removal of the difficulty on this principle: that every province which had actually established its independence should be recognised; that with provinces in which the war still went on no relation should be established; there was to be no concert with France, or Russia, or any extraneous power, in establishing relations with the new States. "The policy projected was exclusively English and Spanish, and between England and Spain alone its course was to be settled. Other nations might or might not come into the views which England entertained; but upon their approval or disapproval of her views England was not in any way to shape her conduct." TWO:[See larger version]

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ONE:Whilst these elements of a new convulsion were in active operation, the Allies had settled to some extent the affairs of Europe, and had returned home. On the 30th of May a treaty had been signed at Paris, between Britain, Russia, Austria, and Prussia, with France. The boundaries of France were settled as they existed in 1792; it was decreed that Holland and Belgium should be united to form a strong barrier against France; the independence of Switzerland was restored; the north of Italy was again made over to Austria, including[86] Venice, but not including Sardinia, which was enlarged by the addition of Genoa, out of which Lord William Bentinck, with a British army, had driven the French. Murat had assisted the Austrians to conquer Eugene Beauharnais, and hoped to be allowed to retain Naples, yet having many fears of his new allies, the Austrians, and of the Allies generally. The Pope was again in peaceful possession of his States; the arms and the money of Great Britain had triumphed over Buonaparte, and had restored the monarchs of Europe to their thrones; but it was not to be denied that in restoring them they had restored so many detestable despotisms.The next day, the 8th of July, Louis a second time entered his capital, escorted by the National Guard. Fouch�� announced to the two Chambers that their functions were at an end; but they still declared themselves sitting in permanence. But General Desolles, commander of the National Guard, proceeded to close the Chambers. He found both of them deserted, and locked the doors, and put his seal upon them, setting also a guard. Soon afterwards the members of the Chamber of Representatives, who had only adjourned, began to arrive, but were received with jeers by the Guards, which were eagerly joined in by the populace, and they retreated in confusion. Fouch��, in reward for his politic private correspondence with the Allies, was reinstated in his old office of Minister of Police, and the government of Louis recommenced in great quiet��affording the French much more real liberty than they had enjoyed either under Buonaparte or the factions of the Revolution. And thus ended the celebrated Hundred Days from the landing of Napoleon to his second exclusion. TWO:The consternation of the city may be imagined. The inhabitants, who had, at first, treated the rumour of the Young Pretender's landing with ridicule, now passed to the extreme of terror. On Sunday night the Highlanders lay between Linlithgow and the city, and on Monday morning Charles sent forward a detachment, which, on coming in sight of the pickets, discharged their pistols. The dragoon pickets did not wait to return the fire, but rode off towards Coltbridge, nearer to Edinburgh, where Gardiner lay with the main body of horse. No sooner, however, did this commander perceive the advancing Highlanders, than he also gave the order to retreat, and the order was so well obeyed, that from a foot's-pace the march quickened into a trot and presently into a gallop, and the inhabitants of Edinburgh saw the whole force going helter-skelter towards Leith, where they drew bit. The valiant troops mounted again, and galloped to Preston, six miles farther, some of them, it was said, not stopping till they reached Dunbar. This "Canter of Coltbridge," as it was called in derision, left the city at the mercy of the Highlanders, except for about six or seven hundred men mustered from the City Guard, the volunteer corps, and some armed gentlemen from Dalkeith and Musselburgh, who took post at the gates.

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