TWO:The manner in which Hastings had executed the orders of the Directors in this business showed that he was prepared to go all lengths in maintaining their interests in India. He immediately proceeded to give an equally striking proof of this. We have seen that when the Mogul Shah Allum applied to the British to assist him in recovering his territories, they promised to conduct him in triumph to Delhi, and place him firmly on the grand throne of all India; but when, in consequence of this engagement, he had made over to them by a public grant, Bengal, Bahar, and Orissa, they found it inconvenient to fulfil their contract, and made over to him Allahabad and Corah instead, with an annual payment of twenty-six lacs of rupeestwo hundred and sixty thousand pounds. The payment of this large sum, too, was regarded by the Company, now in the deepest debt, as unnecessary, and Hastings had orders to reduce it. It appears that the money was at no time duly paid, and had now been withheld altogether for more than two years. The Mogul, thus disappointed in the promises of restoration by the English, and now again in the payment of this stipulated tribute, turned to the Mahrattas, and offered to make over the little provinces of Allahabad and Corah, on condition that they restored him to the sovereignty of Delhi. The Mahrattas gladly caught at this offer, and by the end of the year 1771 they had borne the Mogul in triumph into his ancient capital of Delhi. This was precisely such a case as the Directors were on the watch for. In their letter to Bengal of the 11th of November, 1768, they had said: "If the Emperor flings himself into the hands of the Mahrattas, or any other Power, we are disengaged from him, and it may open a fair opportunity of withholding the twenty-six lacs of rupees we now pay him." The opportunity had now come, and was immediately seized on by Hastings to rescind the payment of the money altogether, and he prepared to annex the two provinces of Allahabad and Corah. These were sold to the Nabob of Oude for fifty lacs of rupees. This bargain was settled between the vizier and Hastings at Benares, in September, 1773.
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- THREE:On the 8th of February was fought the great and decisive battle of Sobraon, the name of the tte du pont, at the entrenched camp of the Sikhs, where all the forces of the enemy were now concentrated. The camps extended along both sides of the river, and were defended by 130 pieces of artillery, of which nearly half were of heavy calibre, and which were all served by excellent gunners. The British troops formed a vast semicircle, each end of which touched the river, the village of Sobraon being in the centre, where the enemy were defended by a triple line of works, one within another, flanked by the most formidable redoubts. The battle commenced by the discharge of artillery on both sides, which played with terrific force for three hours. After this the British guns went up at a gallop till they came within 300 yards of the works, where it was intended the assault should be delivered. Halting there, they poured a concentrated fire upon the position for some time. After this the assault was made by the infantry, running. The regiment which led the way was the 10th, supported by the 53rd Queen's and the 43rd and 59th Native Infantry. They were repulsed with dreadful slaughter. The post of honour and of danger was now taken by the Ghoorkas. A desperate struggle with the bayonet ensued; the Sikhs were overpowered by the brigades of Stacey and Wilkinson; but, as the fire of the enemy was now concentrated upon this point, the brave assailants were in danger of being overwhelmed and destroyed. The British Commander-in-Chief seeing this, sent forward the brigades of Ashburnham, as well as Smith's division, against the right of the enemy, while his artillery played furiously upon their whole line. The Sikhs fought with no less valour and determination than the British. Not one of their gunners flinched till he was struck down at his post. Into every gap opened by the artillery they rushed with desperate resolution, repelling the assaulting columns of the British. At length the cavalry, which has so often decided the fate of the day in great battles, were instrumental in achieving the victory. The Sappers and Miners having succeeded in opening a passage through which the horses could enter in single file, the 3rd Queen's Dragoons, under Sir Joseph Thackwell, got inside the works, quickly formed, and galloping along in the rear of the batteries, cut down the gunners as they passed. General Gough promptly followed up this advantage by ordering forward the whole three divisions of the centre and the right. It was then that the fighting may be said to have commenced in earnest. The struggle was long, bloody, and relentless. No quarter was given or asked; the Sikhs fighting like men for whom death had no terrors, and for whom death in battle was the happiest as well as the most glorious exit from life. But they encountered men with hearts as stout and stronger muscle, and they were at length gradually forced back upon the river by the irresistible British bayonet. The bridge at length gave way under the enormous weight, and thousands were precipitated into the water and drowned. But even in the midst of this catastrophe the drowning fanatics would accept no mercy from the Feringhees. Our losses amounted to 320 killed and 2,063 wounded. Of the European officers, thirteen were killed and 101 wounded. The loss of the Sikhs in the battle of Sobraon was estimated at from 10,000 to 13,000 men, the greater number being shot down or drowned in the attempt to cross the bridge. They left in the hands of the victors sixty-seven guns, 200 camel swivels, nineteen standards, and a great quantity of ammunition.
TWO:What immediately follows shows that Oliver had planned and brought to a crisis, by his personal exertions, this unhappy rising. On Sunday, the 8th of June, Jeremiah Brandreth, a framework-knitter of Nottingham, appeared with some others at a public-house called the "White Horse," in the village of Pentrich, in Derbyshire. This village is about fourteen miles from Nottingham, and about a mile from the small market town of Ripley. It is in a district of coal and iron mines, and is near the large iron foundry of Butterley. The working people of the village, and of the neighbouring village of South Wingfield, were chiefly colliers, workers in the iron mines or iron foundry, or agricultural labourersa race little informed at that day, and therefore capable of being readily imposed on. This Brandreth had been known for years as a fiery agitator. He was a little, dark-haired man, of perhaps thirty years of age. He had been much with Oliver, and was one of his most thorough dupes, ready for the commission of any desperate deed. He had acquired the cognomen of the "Nottingham Captain," and now appeared in an old brown great-coat, with a gun in his hand, and a pistol thrust into an apron, which was rolled round his waist as a belt.
担当者：総務課 西田佳司
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TWO: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 docauses 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 discoverya 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.