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The year 1797 was opened by the suspension of cash payments. The Bank of England had repeatedly represented to Pitt, as Chancellor of the Exchequer, that his enormous demands upon it for specie, as well as paper money, had nearly exhausted its coffers and could not long be continued. The payment of our armies abroad, and the advances to foreign kings, were necessarily made[455] in cash. The Government, in spite of enormous taxation, had already overdrawn its account eleven million six hundred and sixty-eight thousand eight hundred pounds, and the sole balance in the hands of the Bank was reduced to three million eight hundred and twenty-six thousand eight hundred and ninety pounds. Pitt was demanding a fresh loan for Ireland, when a message came from the Bank to say that, in existing circumstances, it could not be complied with. Thus suddenly pulled up, the Privy Council was summoned, and it was concluded to issue an order for stopping all further issue of cash, except to the Government, and except one hundred thousand pounds for the accommodation of private bankers and traders. Paper money was made a legal tender to all other parties, and the Bank was empowered to issue small notes for the accommodation of the public instead of guineas. A Bill was passed for the purpose, and that it might not be considered more than a temporary measure, it was made operative only till June; but it was renewed from time to time by fresh Acts of Parliament. The system was not abolished again till 1819, when Sir Robert Peel brought in his Bill for the resumption of cash payments, and during the whole of that time the depreciation of paper money was comparatively slight.
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THREE:The enemy, meanwhile, were on the alert, trying, by their fleets and armies, to assail us in almost every quarter. In the very opening days of the yearat the very commencement of January, 1781the French made an attack on the island of Jersey. They had sent across the Channel a fleet carrying nearly two thousand men; but their ships met the common fortune that has ever attended invaders of Britain: they were scattered by tempests, many of them dashed on the rocks of those iron-bound shores, and some driven back to port. They managed, however, to land eight hundred men by night, and surprised the town of St. Helier's, taking prisoner its Lieutenant-Governor, Major Corbet, who thereupon thinking all lost, agreed to capitulate. But the next officer in command, Major Pierson, a young man of only twenty-five, refused to comply with so pusillanimous an order. He rallied the troops and encouraged the inhabitants, who fired on the French from their windows. The invaders, surrounded in the market-place, were compelled to surrender, after their commander, the Baron de Rullecourt, and many of his soldiers, were killed.[279] The gallant young Pierson was himself killed by nearly the last shot.

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THREE:Braves, with broad sail, the immeasurable sea;

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FORE:At the sight of Byng sailing away, the French fired a feu de joie from all their lines, and Blakeney knew that he was left to his fate. He determined still to defend the place, but Richelieu sent in haste to Toulon for fresh reinforcements. The fort was soon surrounded by twenty thousand men, with eighty-five pieces of artillery. In about a week Richelieu carried one of the breaches by storm, though with great loss, and Blakeney capitulated on condition that the English should march out with all the honours of war, and should be conveyed in the French ships to Gibraltar. Thus was Minorca lost to England through the shameful neglect of a miserably incompetent Ministry and a faint-hearted admiral.

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THREE:As winter approached, the state of things assumed a more portentous aspect. The leading agitators were themselves dismayed when they looked down the precipice to the edge of which they had brought the nation. O'Connell at the end of September issued an address, urging the people to discontinue their assemblies, and they obeyed. His lieutenants were exceedingly anxious that the Liberal Protestants should take an active part as mediators in order, if possible, to avert a disastrous collision. A good occasion was offered by the visit of Lord Morpeth to Ireland. This enlightened and accomplished noblemanalways the friend of civil and religious liberty, destined to preside over the Government of Ireland, as Viceroy, when the rgime of civil equality was fully established, and to be the congenial interpreter of its spiritwas then invited to a great banquet, which was attended by all the leading friends of civil and religious liberty in and about Dublin, Protestant and Catholic. The Duke of Leinster was in the chair, and Mr. Sheil appealed to him, in the most eloquent terms, by all that was patriotic and glorious in the history of his ancestors the Geraldineswhich for seven hundred years formed a great part of the history of Ireland, and who were in past times considered more Irish than the Irish themselvesto put himself at the head of the Liberal party.
TWO:Notwithstanding the real outbreak of the war, Congress yet professed to entertain hopes of ultimate reconciliation. When the reinforcements had arrived from England, and it was supposed that part of them were destined for New York, it issued orders that, so long as the forces remained quiet in their barracks, they should not be molested; but if they attempted to raise fortifications, or to cut off the town from the country, they should be stoutly opposed. When the news of the surprise of the forts on the Lake Champlain arrived, Congress endeavoured to excuse so direct a breach of the peace by feigning a belief in a design of an invasion of the colonies from Canada, of which there was notoriously no intention, and they gave orders that an exact inventory of the cannon and military stores there captured should be made, in order to their restoration, "when the former harmony between Great Britain and her colonies, so ardently wished for by the latter, should render it consistent with the overruling law of self-preservation." After the battle of Bunker's Hill, Congress still maintained this tone. On the 8th of July they signed a petition to the king, drawn up by John Dickinson, in the mildest terms, who, when to his own surprise the petition was adopted by the Congress, rose, and said that there was not a word in the whole petition that he did not approve of, except the word "Congress." This, however, was far from the feeling of many members; and Benjamin Harrison immediately rose and declared that there was but one word in the whole petition that he did approve of, and that was the word "Congress." The petition to the king expressed an earnest desire for a speedy and permanent reconciliation, declaring that, notwithstanding their sufferings, they retained in their hearts "too tender a regard for the kingdom from which they derived their origin to request such a reconciliation as might be inconsistent with her dignity or welfare." At the[220] same time, they resolved that this appeal, which they called "The Olive Branch," should, if unsuccessful, be their last. They could hardly have expected it to be successful.In 1720 Colin Maclaurin, the successor of James Gregory in the mathematical chair at Edinburgh, published his "Geometrical Organica," a treatise on curves; in 1742 his admirable treatise on Fluxions; and in 1748 his treatise on Algebra. Dr. Robert Simson, professor of mathematics at Glasgow, published a restoration of the "Loci" of Apollonius, and an English translation of Euclid, which continued down to a late period in use, both in Scotland and England. In 1717 James Stirling published a Latin treatise on lines of the third order, and another on Fluxions, called "Methodus Differentialis," in 1730. William Emerson, a mathematician and mechanist, wrote on fluxions, trigonometry, mechanics, navigation, algebra, optics, astronomy, geography, dialling, etc., but a considerable portion was only in part published during this period. Thomas Simpson, a weaver, of Market Bosworth, at the age of seven-and-twenty suddenly discovered himself as an extraordinary mathematician, and went on till his death, in 1761, publishing works on fluxions, the nature and laws of chance, on mixed mathematics, on the doctrine of annuities and reversions, on algebra, elementary geometry, trigonometry, etc. James Ferguson, also, the son of a day-labourer, in Banffshire, studied mathematics whilst tending sheep, and published a number of works on the phenomena of the harvest moon, astronomy, mechanics, hydrostatics,[154] pneumatics, and optics. Ferguson had a remarkably lucid and demonstrative style, both in writing and lecturing, and his example excited a keen spirit of inquiry amongst the working classes, so that he is said to have diffused the knowledge of physical science amongst the class from which he sprang more than any other man.
TWO:In the face of such facts it was clear that something must be done, even by a Protectionist Ministry, to diminish the effect of the growing belief that bad legislation was at the bottom of the country's difficulties. In the spring men had looked eagerly for the Budget of the new Ministry. It had been bitterly remarked that at the time when Parliament was prorogued there were nearly 21,000 persons in Leeds whose average earnings were only 11-3/4 d. per weekthat in one district in Manchester alone a gentleman had visited 258 families, consisting of 1,029 individuals, whose average earnings were only 7? d. per head a week; and that while millions were in this deplorable condition, the duty on wheat stood at 24s. 8d. a quarter, and Sir Robert Peel and his colleagues demanded four months' leisure at their country abodes before they would permit the Legislature to take the distress of the people into consideration. At length came the meeting of Parliament, at which the Queen in person read the Speech prepared by her Ministers. It acknowledged with deep regret "the continued distress in the manufacturing districts," and that the sufferings and privations which had resulted from it had been "borne with exemplary patience and forbearance." Finally, her Majesty recommended to the consideration of both Houses "the laws which affect the import of corn and other articles." What was the intention of the Ministers was not then known; but it was already understood that, unlike their rivals, who had proposed a fixed duty, the new Government would attempt some modification of the sliding scale. In the account of these transactions which Sir Robert Peel left to be published by his executors after his death, he says:"One of the first acts of the Government over which I presided (the Government of August, 1841) was to propose a material change in the Corn Law of 1828. I brought the subject under the consideration of my colleagues by means of written memoranda, in preference to proposals made verbally. In the first of these memoranda I recommended my colleagues to undertake the revision of the Corn Laws of 1828, as an act of the Government. In the second, after I had procured their assent to the principle of revision, I submitted a proposal in respect to the extent to which such revision should be carried, and to the details of the new law." Then were seen the first symptoms of that estrangement from his party which reached its climax in 1846. Glaring as was the necessity for change, and evident as it was, even to the body of the landowners, that they must choose between the mild reform of Peel and the more objectionable measure of his antagonists, there were members of the Cabinet who would still have held out for no concession. The Duke of Buckingham retired from the Ministry, and the Duke of Richmond refused to allow his son to move the Address.
THREE:For the reasons here stated, early in the summer a powerful fleet was fitted out with the utmost dispatch and secrecy by the new Ministry, and sent to the Baltic. The fleet consisted of twenty-five sail of the line, more than forty frigates, sloops, bomb-vessels, and gun-brigs, with three hundred and seventy-seven transports to convey over twenty-seven thousand troops from Stralsund, a great part of which were Germans in British pay. Admiral Gambier commanded the fleet, and Lord Cathcart the army, having second in command Sir Arthur Wellesley. On the 1st of August the British fleet was off the entrance of Gothenburg, and Admiral Gambier sent Commodore Keats into the Great Belt to cut off any passage from Holstein for the defence of Copenhagen. Admiral Gambier himself entered the Sound, passed the castles without any attack from them, and anchored in Elsinore Roads. By the 9th of August the whole fleet and the transports were collected there, and Mr. Jackson, who had been many years British envoy in the north of Germany, and knew most of the Danish Ministers, was dispatched to Kiel, in Holstein, where the Crown Prince lay with an army of from twenty[541] thousand to thirty thousand men, to endeavour to induce him to enter into an alliance with Great Britain, and to deliver the fleet to its keeping till the peace, stating the necessity that the British commanders would otherwise be under of taking possession of it by force. The Crown Prince, though the British had made it impossible to cross over and defend the fleet, received the overture with the utmost indignation. Mr. Jackson returned to Admiral Gambier, and the Crown Prince sent a messenger to order Copenhagen to be put into a state of defence. But there was scarcely a gun upon the walls, and the population only numbered, excluding the sailors, some thirteen thousand men, inclusive of five thousand five hundred volunteers and militia. On the 17th several Danish gunboats came out of the harbour, fired at some of our transports coming from Stralsund, burnt an English vessel, and attacked the pickets of Lord Cathcart's army. These vessels were driven back again by bombshells, and that evening Admiral Gambier took up a nearer station north-east of the Crown battery, the Trekroner. He then proceeded to surround the whole of the island of Zealand, on which Copenhagen stands, with our vessels. The division of the army landed at Wedbeck having now marched up, was joined by other divisions, and proceeded to entrench themselves in the suburbs of Copenhagen. They were attacked by the gunboats, but, on the 27th, they had covered themselves by a good battery, and they then turned their cannon on the gunboats, and soon compelled them to draw off. On the 29th Sir Arthur Wellesley marched to Ki?ge, against a body of Danish troops that had strongly fortified themselves there in order to assail the besiegers, and he quickly routed them. The Danish troops then made several dashing sorties from Copenhagen, while their gunboats and floating batteries attacked our advanced vessels, and managed, by a ball from the Trekroner, to blow up one of our transports. The French had now arrived at Stralsund, and Keats was sent to blockade that port, to hinder them from crossing over into Zealand; nothing but the extreme rapidity of the movements of the British prevented a powerful army of French from being already in Copenhagen for its defence.[336]

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This contest excited universal interest. Mr. O'Connell, the Roman Catholic candidate, was not unknown in England. He had come to London as the leading member of a deputation to urge the concession of Catholic Emancipation upon the Government and the legislature, when he met a number of the leading statesmen of the day at the house of the Duke of Norfolk. He had been examined by a committee of the Lords, together with Dr. Doyle, in 1825, on which occasion the ability he displayed, his extensive and accurate knowledge, his quickness in answering, and the clearness with which he conveyed information, excited the admiration of all parties. In the appeal case of Scully versus Scully he pleaded before Lord Eldon. It was the first time he had appeared in his forensic character in England. No sooner had he risen to address their lordships than it was buzzed about the precincts of Westminster, and persons of all descriptions crowded in with anxious curiosity to witness the display, including several peers and members of Parliament. He addressed their lordships for nearly two hours, during which the Lord Chancellor paid him great attention, though he had only thirty-three hours before carried the House of Lords with him in rejecting the Bill by which the great advocate would have been admitted to the full privileges of citizenship. Referring to this subject, Lord Eldon wrote in his diary, "Mr. O'Connell pleaded as a barrister before me in the House of Lords on Thursday. His demeanour was very proper, but he did not strike me as shining so much in argument as might be expected from a man who has made so much noise in his harangues in a seditious association." Lord Eldon's opinion was evidently tinged by the recollection of the "seditious harangues." It is a curious fact that the leading counsel on that occasion on the same side was Sir Charles Wetherell, then Solicitor-General. The English admired the rich tones of O'Connell's voice, his clear and distinct articulation, his legal ingenuity, and the readiness with which he adapted himself to the tribunal before which he pleaded. One of the best speeches he ever made was delivered at the great meeting of the British Catholic Association, the Duke of Norfolk presiding. He astonished his auditory on[271] that occasion. In fact, he was regarded as a lion in London. He won golden opinions wherever he went by his blandness, vivacity, and wit in private, and his lofty bearing in public. His commanding figure, his massive chest, and his broad, good-humoured face, with thought and determination distinctly marked in his physiognomy, showed that he had the physique of a great leader of the masses, while he proved himself amongst his colleagues not more powerful in body than in mind and will. The confidence reposed in him in Ireland was unbounded. He was indeed the most remarkable of all the men who had ever advocated the Catholic claims; the only one of their great champions fit to be a popular leader. Curran and Grattan were feeble and attenuated in body, and laboured under physical deficiencies, if the impulsive genius of the one or the fastidious pride of the other would have permitted them to be demagogues; O'Connell had all the qualities necessary for that character in perfectionunflinching boldness, audacious assertion, restless motion, soaring ambition, untiring energy, exquisite tact, instinctive sagacity, a calculating, methodising mind, and a despotic will. He was by no means scrupulous in matters of veracity, and he was famous for his powers of vituperation; but, as he was accustomed to say himself, he was "the best abused man in Ireland."It was at the close of 1719, when George I. returned from Hanover, that this Company proposed to Ministers to consolidate all the funds into one. It was strange that both Ministers and merchants could be deluded by the hope of enriching themselves by a share of the trade with the Spanish South American provinces, when Spain herself, in full enjoyment of them, was sunk into indigence and weakness, and presented the most determined resistance to the unfettered intercourse of any other nation with them. Yet Sir John Blunt, a leading director of the South Sea Company, persuaded the Ministers that by granting the Company power to deal with the public funds, and especially to buy up the unredeemable annuities which had been granted in the two preceding reigns, chiefly on terms of ninety-nine years, and which now amounted to about eight hundred thousand pounds a year, they could, in twenty-six years, pay off the entire National Debt. But, to enable them to do this, they must be empowered to reduce all the different public securities to one aggregate fund in their hands, to convert both redeemable and unredeemable debts into stock by such arrangements as they could make with the holders, and to have certain commercial privileges vested in them. Ministers accepted the proposals with great alacrity. Aislabie introduced the scheme to Parliament in the month of February, 1720, declaring that, if it was accepted by the House, the prosperity of the nation would be amazingly enhanced, and all its debts liquidated in a very few years. Craggs seconded the proposal in most sanguine terms, expressing his conviction that every member of the House must be ready to adopt so advantageous an offer. Ministers had already closed with the proposals of the Company, and they were themselves greatly disconcerted by the suggestion of Mr. Thomas Brodrick, the member for Stockbridge, who expressed his entire accordance with Ministers, but thought that the nation should endeavour to obtain the best terms for itself by opening the competition to every other company or association of men as well as that in question. Ministers were confounded by this proposal, and Aislabie endeavoured to get out of it by declaring that to do this would be like putting the nation up to auction, and that such things should be done with spirit. But Jekyll interposed, saying it was this spirit which had ruined the nation, and it was now requisite to consider seriously what was best for the public. A violent debate ensued, in which Walpole eloquently recommended open competition, and was sharply replied to by Lechmere. The question was carried in favour of competition; and then the Bank of England, which before had coolly declined to enter into the proposals, suddenly appeared in a new temper, and made liberal offers for the privilege of thus farming the public debts. But the South Sea Company was not to be outdone; it offered seven millions and a half, and the Bank gave way in despair.THE EARL OF MAR RAISING THE PRETENDER'S STANDARD. (See p. 28.)
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