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Wolfe raised batteries at Point Levi and on the island, and bombarded the town, but he could not draw the wary Montcalm from his strong position. In his front lay the river and some unapproachable sandbanks, behind and around him rocks and dense woods inaccessible. Once only he made a rush across the river, and endeavoured, with a detachment of one thousand six hundred men, to gain the batteries on Point Levi; but his troops soon saw the attempt to be hopeless, and retired. No measures were neglected by Wolfe, on his part, to draw Montcalm from his position. He marched along the banks of the Montmorency opposite to him, and made feints as if he would cross it somewhere above him, but to no purposeMontcalm knew his advantage. Wolfe wrote home, that if Montcalm had but shut himself up in Quebec, he could have taken the town very easily, but he could not readily force him from his admirable position. Growing at length impatient, he determined to attack him where he was, and he dispatched Admiral Holmes up the river with a number of transports, as though he contemplated something in that quarter. He then landed, on the 31st of July, a body of troops near the mouth of the Montmorency, which there falls three hundred feet into the St. Lawrence. He had discovered a ford at some distance up the river, and dispatched Brigadier Townshend to cross there and attack Montcalm in flank, whilst he himself, by means of the ships and their boats, gained the beach and attacked in front. The Centurion man-of-war was placed to engage a battery which swept the place of landing, and then the troops were conveyed in boats, which drew little water, towards the shore. Some of these, however, got entangled amongst rocks, and created a delay in getting them off. By this time the French were hurrying down towards the landing-place with their artillery, and began to fire murderously from the banks above upon them. Wolfe, seeing that Townshend would cross the ford before they were ready to co-operate, sent an officer to recall him. At this time, the Grenadiers having reached the beach, rushed forward upon the entrenchments before the rest of the troops could be got out of the boats to support them. They were met by such a destructive fire that they were compelled to fall back with much slaughter. By this time night was setting in, attended by a storm, the roaring of which, mingling with the roar of the mighty St. Lawrence as the tide fell, seemed to warn them to recover their camp. The word was given to re-cross the river, and they made good their retreat without the French attempting to pursue them, though the Indians lurked in the rear to scalp such of the dead and such of the wounded as could not be brought off.

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At length it was announced that peace was signed with France at Utrecht, and it was laid before the Council (March 31, 1713). Bolingbroke had made another journey to the Continent to hasten the event, but it did not receive the adhesion of the Emperor at last. Holland, Prussia, Portugal, and Savoy had signed, but the Emperor, both as king of Austria and head of the Empire, stood out, and he was to be allowed till the 1st of June to accept or finally reject participation in it. This conclusion had not been come to except after two years' negotiation, and the most obstinate resistance on the part of all the others except England. Even in the English Cabinet it did not receive its ratification without some dissent. The Lord Cholmondeley refused to sign it, and was dismissed from his office of Treasurer of the Household. On the 9th of April the queen opened Parliament, though she was obliged to be carried thither and back in a chair in consequence of her corpulence and gout. She congratulated the country on this great treaty, declared her firm adherence to the Protestant succession, advised them to take measures to reduce the scandalous licentiousness of the Press, and to prevent duelling, in allusion to the tragic issue of that between Hamilton and Mohun. She finally exhorted them to cultivate peace amongst themselves, to endeavour to allay party rage; and as to what forces should be necessary by land and the sea, she added, "Make yourselves safe; I shall be satisfied. Next to the protection of Divine Providence, I depend on the loyalty and affection of my people; I want no other guarantee." On the 4th of May the proclamation of peace took place. It was exactly eleven years since the commencement of the war. The conditions finally arrived at were those that have been stated, except that it was concluded to confer Sicily on the Duke of Savoy for his services in the war; on the Elector of Bavaria, as some equivalent for the loss of Bavaria itself, Sardinia, with the title of king; and that, should Philip of Spain leave no issue, the Crown of Spain should also pass to him.But whilst these conflicts were taking place, the Revolution was marching on at full speed, and had reached its heightthe Declaration of Independence. The Continental Congress, on the 15th of May, passed a resolution that it was necessary for such of the States as had not framed for themselves such constitutions as were required by the altered circumstances of the country, to forthwith frame such as should be conducive to their safety and welfare. This was published in all the newspapers, accompanied by a statement that, as the King of England, in concurrence with his Parliament, had excluded the people of those colonies from his protection, it became indispensable to abolish the constitution established by that power, and frame one for themselves. Here was a plain declaration; there was no longer any mistake.The interval of repose now obtained continued through the winter, and late into the spring of 1813. It was greatly required by the British army. Lord Wellington stated that the long campaign, commencing in January, had completely tired down man and horse; that they both required thorough rest and good food, and that the discipline of the army, as was always the case after a long campaign, needed restoration; and he set himself about to insure these ends, not only in the troops immediately under his own eye, but in those under Maitland and his successors in the south. He had, even during his own retreat, written to Maitland, encouraging him to have confidence in his men, assuring him that they would repay it by corresponding confidence in themselves. Lord William Bentinck, however, ordered Maitland to return to Sicily with his army in October; Lord Wellington decidedly forbade it. Maitland therefore resigned, and was succeeded by General Clinton, who found himself completely thwarted in his movements by the governor of Alicante, who treated the allies much more like enemies, and would not allow the British to have possession of a single gate of the town, keeping them more like prisoners than free agents. At the beginning of December a fresh reinforcement of four thousand men, under General Campbell, arrived from Sicily, and Campbell took the chief command; but he did not venture to take any decisive movement against the French, but waited for Lord William Bentinck himself, who now determined to come over, but did not arrive till July, 1813. Whilst Campbell remained inactive from this cause, his motley foreign troops continued to desert, and many of them went and enlisted with Suchet.

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TWO:In the south, affairs had been as ill conducted by the English commanders as in the north they had been carried on well. Governor Martin had made an effort to recover North Carolina. He had collected a number of Highlanders, recently emigrated to America, and a number of back-woodsmen, called Regulators, and sent them, under the command of Colonels Macdonald and Macleod, to compel the inhabitants to submission. They were to be supported by regular troops to be landed at Wilmington, and General Clinton was daily expected with the reinforcements from England. But Clinton did not appear, and the impatient Highlanders and Regulators, in marching from Cross Creek to Wilmington, were decoyed into a swamp, and there attacked and beaten. Macleod and most of the Highlanders were taken prisoners, and the Regulators, such as escaped, made again for the woods.Meanwhile the Whigs were anxious to add fresh security to their own lease of office. At the last election they had procured the return of a powerful majority; but two years out of the triennial term had expired, and they looked with apprehension to the end of the next year, when a dissolution must take place. They were aware that there were still strong plottings and secret agitations for the restoration of the banished dynasty. By both the king and his Ministers all Tories were regarded as Jacobites, and it was resolved to keep them out of office, and, as much as possible, out of Parliament. They had the power in their own hands in this Parliament, and, in order to keep it, they did not hesitate to destroy that Triennial Act for which their own party had claimed so much credit in 1694, and substitute a Septennial Act in its place. They would thereby give to their own party in Parliament more than a double term of the present legal possession of their seats. Instead of one year, they would be able to look forward four years without any fear of[33] Tory increase of power through a new election. On the 10th of April, Devonshire, Lord Steward of the Household, moved the repeal of the Triennial Act, long lauded as one of the bulwarks of our liberties, under the now convenient plea that it had been "found very grievous and burthensome, by occasioning much greater and more continued expenses in order to elections of members to serve in Parliament, and more lasting heats and animosities amongst the subjects of this realm than ever were known before the said clause was enacted."

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THREE:DEPUTATION OF CONSTITUTIONALISTS BEFORE THE QUEEN OF PORTUGAL. (See p. 413.)
FORE:

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FORE:Elsewhere, however, Lord Palmerston abstained from interference, particularly in Germany. The immense phlegmatic mass of the Teutonic populationamounting to 43,000,000, spread over 246,000 square miles, and divided into thirty-five sovereign Stateswas powerfully moved by the shock of the French Revolution. Those States existed under every form of government, from absolutism to democracy. They were all united into a Bund or Confederation, the object of which was the maintenance of the independence of Germany, and of its several States. The Confederation consisted of a Diet, composed of the plenipotentiaries of all the States. This Diet was no bad emblem of the German mind and characterfruitful in speculation, free in thought, boundless in utterance, but without strength of will or power of action. The freer spirits demanded more liberal forms of government, and on these being refused, the Revolution broke out in Baden, Hesse-Cassel, and Bavaria. In Saxony the monarchy was saved by bending before the storm of revolution: a new Administration was appointed, which at once issued a programme of policy so liberal that the people were satisfied. Even the King of Hanover yielded to the revolutionary pressure, and called to his councils M. Hub, a Liberal deputy, who had been imprisoned several years for resisting an unconstitutional act of the Crown. On the 20th of March he issued a proclamation, in which he stated that, in compliance with the many representations addressed to him, he had abolished the censorship of the press, granted an amnesty and restoration of rights to all who had been condemned for political offences, and was willing to submit to changes in the Constitution, based upon the responsibility of Ministers to the country. It was not without necessity that such appeals were addressed to the German people. At Frankfort, while the Assembly were occupied in framing a brand-new Constitution, the Republican party in the Chamber appealed out of doors to the passions of the multitude, and excited them to such a pitch that barricades were erected, and the red flag planted in the streets. By midnight the struggle was over, and tranquillity everywhere restored through the exertions of the military.The conjuncture was most critical, for the incompetent and short-sighted Addington had, by the Peace of Amiens, restored the French possessions which had cost us so much to make ourselves masters of in India; and had Buonaparte conceived the idea of supporting Perron there with strong reinforcements, the consequences might have been serious. Fortunately, he seemed too much engrossed with his plans nearer home, and as fortunately also for us, we had now rising into prominence in India a military chief, destined not only to dissipate the hostile combination of the Mahrattas, but also to destroy the dominion of Buonaparte himself. Major-General Wellesley, the younger brother of the Governor-General, and afterwards Duke of Wellington, by a rapid march upon Poonah surprised and drove out the Mahratta chief, Holkar, and saved the city from a conflagration which Scindiah's troops endeavoured to effect. Holkar fled to join Scindiah and the Rajah of Berar, and the Peishwa entered his own capital in the month of May. General Wellesley, being put into full command of all the troops serving under the Peishwa and the Nizam of the Deccan, and being also director of the civil affairs of the British in those provinces, made arrangements for their security, and then marched after Scindiah and the Rajah of Berar. After various marchings and counter-marchings, in consequence of their movements to avoid him, he came up with them near the village of Assaye, or Assye. General Stevenson, who had repulsed them from the territory of the Nizam, was also encamped only eight miles off. On coming in sight of them, Wellesley found them fifty thousand strong, with a splendid body of Mahratta cavalry, whilst he had only four regiments of cavalry, three of them being native, and seven battalions of infantry, five of them Sepoys. He determined, however, to attack them at once, and, sending word to Stevenson to come up, he crossed the river at a ford in face of the artillery of the enemy, and, after a sharp encounter, routed them before Stevenson could arrive. The Mahrattas had ninety pieces of artillery, with which they did terrible execution till the cavalry could come to close quarters with them, and the infantry reach them with their bayonets; then they fled headlong, leaving behind all their cannon (September 23rd, 1803). The Mahrattas rallied in the village of Assaye, and it required a desperate effort to expel them. It was dark before it was accomplished. General Stevenson had been prevented from crossing the river, and did not come up till the next day, when Wellesley sent him in pursuit of the enemy's infantry, which had been abandoned by the cavalry, and was thus exposed to attack.

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FORE:One of the most important measures of the Session was the Marriage Act, a subject which had been taken up by Sir Robert Peel during his short-lived Ministry. By this Act Dissenters were relieved from a galling and degrading grievance, one which, of all others, most painfully oppressed their consciences. Notwithstanding their strong objection to the ceremonies of the Established Church, they were obliged, in order to be legally married, to comply with its ritual in the marriage service, the phraseology of which they considered not the least objectionable part of the liturgy. By this Act marriages were treated as a civil contract, to which the parties might add whatever religious ceremony they pleased, or they might be married without any religious ceremony at all, or without any other form, except that of making a declaration of the Act before a public officer, in any registered place of religious worship, or in the[410] office of the superintendent registrar. This was a great step towards religious equality, and tended more than anything, since the repeal of the Test and Corporation Acts, to promote social harmony and peace between different denominations.

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FORE:CHAPTER XIX. THE REIGN OF VICTORIA (continued).

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FORE:CHAPTER XIII. THE REIGN OF VICTORIA.

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THREE:The interval of repose now obtained continued through the winter, and late into the spring of 1813. It was greatly required by the British army. Lord Wellington stated that the long campaign, commencing in January, had completely tired down man and horse; that they both required thorough rest and good food, and that the discipline of the army, as was always the case after a long campaign, needed restoration; and he set himself about to insure these ends, not only in the troops immediately under his own eye, but in those under Maitland and his successors in the south. He had, even during his own retreat, written to Maitland, encouraging him to have confidence in his men, assuring him that they would repay it by corresponding confidence in themselves. Lord William Bentinck, however, ordered Maitland to return to Sicily with his army in October; Lord Wellington decidedly forbade it. Maitland therefore resigned, and was succeeded by General Clinton, who found himself completely thwarted in his movements by the governor of Alicante, who treated the allies much more like enemies, and would not allow the British to have possession of a single gate of the town, keeping them more like prisoners than free agents. At the beginning of December a fresh reinforcement of four thousand men, under General Campbell, arrived from Sicily, and Campbell took the chief command; but he did not venture to take any decisive movement against the French, but waited for Lord William Bentinck himself, who now determined to come over, but did not arrive till July, 1813. Whilst Campbell remained inactive from this cause, his motley foreign troops continued to desert, and many of them went and enlisted with Suchet. FORE:On the 18th of February, however, Fox moved a string of resolutions condemnatory of war with France. They declared that that country was only doing what every country had a right to doreorganise its internal Constitution; that, as we had allowed Russia, Prussia, and Austria to dismember Poland, we had no right to check the aggressions of France on these countries; as we had remained quiescent in the one case, we were bound to do so in the other, and not to make ourselves confederates of the invasion of Poland; and his final resolution went to entreat his Majesty not to enter into any engagements with other Powers which should prevent us from making a separate peace with France. Burke did not lose the opportunity of rebuking Fox for his long advocacy of the Empress Catherine, whose unprincipled share in the partition of Poland he was now compelled to reprobate. The resolutions of Fox were negatived by two hundred and seventy votes against forty-four. Not daunted by this overwhelming majority, Fox again, on the 21st of February, brought forward his resolution in another form, declaring that there were no sufficient causes for war. The motion was negatived without a division.
THREE:Amongst other authors of the time, then very popular, but now little read, were Armstrong, author of "The Art of Preserving Health;" Akenside, of "The Pleasures of Imagination;" Wilkie, of "The Epigoniad;" and Glover, of the epic of "Leonidas." Falconer's "Shipwreck" and Beattie's "Minstrel" are poems much more animate with the vitality of grace and feeling. Then there were Anstey, with his "Bath Guide," half descriptive and half satiric; Stephenson's "Crazy Tales;" Mason's "Isis," a satire on the University of Oxford, and his tragedies of "Elfrida" and "Caractacus," which, with other poems by the same author, enjoyed a popularity that waned before more truly living things. Then there were the brothers Joseph and Thomas Warton. Both of these deserve to be mentioned amongst our first-rate prose writersJoseph for his excellent "Essay on the Genius and Writings of Pope," and Thomas for his "History of English Poetry," and this is merely a fragment, coming down only to the reign of Queen Elizabeth. But that which, at this period, produced a thorough reform of our poetry was the publication of "The Reliques of Ancient English Poetry," by Bishop Percy. These specimens of poetry went back beyond the introduction of the French model into Englandto the times when Chaucer, and still earlier poets, wrote from the instincts of nature, and not from scholastical or fashionable patterns. In particular, the old ballads, such as "Chevy Chace," "The Babes in the Wood," and the like, brought back the public taste from the artificial to the natural. The simple voice of truth, pathos, and honest sentiment was at once felt by every heart, and the reign of mere ornate words was over. After the Reliques came "The Border Minstrelsy" of Scott and completed the revolution. These ancient ballads, in both Percy and Scott, were found, in many instances, to be founded on precisely the same facts as those of the Swedes and Danes, collected seventy years before, thus showing that they were originally brought into Great Britain by the Scandinaviansa proof of their high antiquity. A similar return to nature was going on in Germany and the North of Europe, showing that the very collection of Percy's "Reliques" originated in some general cause, and that cause, no doubt, was the universal weariness of the artificial style which had so long prevailed in literature.
FORE:[129] Lead Designer

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FORE:We now arrive at the "Irish Crisis," the famine of 1846 and 1847one of the greatest calamities that ever afflicted the human race. In order to understand fully the events connected with this visitation, it is necessary to notice the social condition of the country which rendered its effects so destructive. Ireland had long been in a chronic state of misery, which has been ascribed by the most competent judges to the peculiar state of the land tenure in that country. It had often been predicted by writers on the state of Ireland, that, owing to this rottenness at the foundation of the social fabric, it would come down with a crash some day. The facts reported by the Census Commissioners of 1841 showed that this consummation could not be far off. Out of a population of 8,000,000, there were 3,700,000 above the age of five years who could neither read nor write; while nearly three millions and a half lived in mud cabins, badly thatched with straw, having each but one room, and often without either a window or a chimney. These figures indicate a mass of ignorance and poverty which could not be contemplated without alarm, and the subject was, therefore, constantly pressed upon the attention of Parliament. As usual in cases of difficulty, the Government, feeling that something should be done, and not knowing what to do, appointed, in 1845, a commission to inquire into the relations between landlord and tenant, and the condition of the working classes. At the head of this commission was the Earl of Devon, a benevolent nobleman, whose sympathies were on the side of the people. Captain Kennedy, the secretary to the Commissioners, published a digest of the report of the evidence, which presented the facts in a readable form, and was the means of diffusing a large amount of authentic information on the state of Ireland. The Commissioners travelled through the country, held courts of inquiry, and examined witnesses of all classes. As the result of their extensive intercourse with the farming classes and their own observations, they were enabled to state that in almost every part of Ireland unequivocal symptoms of improvement, in spite of many embarrassing and counteracting circumstances, continually presented themselves to the view, and that there existed a very general and increasing spirit and desire for the promotion of such improvement, from which the most beneficial results might fairly be expected. Indeed, speaking of the country generally, they add: "With some exceptions, which are unfortunately too notorious, we believe that at no former period did so active a spirit of improvement prevail; nor could well-directed measures for the attainment of that object have been proposed with a better prospect of success than at the present moment."The Liberals seem to have been strongly inclined to the opinion that the Duke of Wellington, having won the great victory of Emancipation, should retire from the fieldthat he was not fit to lead the van of progress in Parliament. "The Prime Minister of England," exclaimed Sir Francis Burdett, "is shamefully insensible to the suffering and distress which are painfully apparent throughout the land. When, instead of meeting such an overwhelming pressure of necessity with some measure of relief, or some attempt at relief, he seeks to stifle every important inquirywhen he calls that a partial and temporary evil which is both long-lived and universal,I cannot look on such a mournful crisis, in which the public misfortune is insulted by Ministerial apathy, without hailing any prospect of change in the system which has produced it. What shall we say to the ignorance which can attribute our distress to the introduction of machinery and the application of steam, that noble improvement in the inventions of man to which men of science and intelligence mainly ascribe our prosperity? I feel a high and unfeigned respect for that illustrious person's abilities in the field, but I cannot help thinking that he did himself no less than justice when he said, a few months before he accepted office, that he should be a fit inmate for an asylum of a peculiar nature if he ever were induced to take such a burden upon his shoulders." On the other hand the Opposition was nearly as disorganised as the Government, until Lord Althorp was selected to lead it in the Commons. Serior Analyst

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FORE:DUNFORD, NEAR MIDHURST, WHERE COBDEN WAS BORN. Lead Developer

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199 ONE:By permission of Messrs. S. Hildesheimer & Co., Ld. Reproduced by Andr & Sleigh. Ld., Bushey, Herts."When corn is at 59s., and under 60s., the duty at present is 27s. 8d. When corn is between those prices, the duty I propose is 13s. When the price of corn is at 50s. the existing duty is 36s. 8d., increasing as the price falls; instead of which I propose, when corn is at 50s. that the duty shall only be 20s., and that that duty shall in no case be exceeded. At 56s. the existing duty is 30s. 8d.; the duty I propose at that price is 16s. At 60s. the existing duty is 26s. 8d.; the duty I propose at that price is 12s. At 63s. the existing duty is 23s. 8d.; the duty I propose is 9s. At 64s. the existing duty is 22s. 8d.; the duty I propose is 8s. At 70s. the existing duty is 10s. 8d.; the duty I propose is 5s. Therefore it is impossible to deny, on comparing the duty which I propose with that which exists at present, that it will cause a very considerable decrease of the protection which the present duty affords to the home grower, a decrease, however, which in my opinion can be made consistently with justice to all the interests concerned."
890 ONE:Various inquiries had been instituted from time to time by royal commissions and Parliamentary committees into the state of education in Ireland. One commission, appointed in 1806, laboured for six years, and published fourteen reports. It included the Primate, two bishops, the Provost of Trinity College, and Mr. R. Lovell Edgeworth. They recommended a system in which the children of all denominations should be educated together, without interfering with the peculiar tenets of any; and that there should be a Board of Commissioners, with extensive powers, to carry out the plan. Subsequent commissions and committees adopted the same principle of united secular education, particularly a select committee of the House of Commons appointed in 1824. These important reports prepared the way for Mr. Stanley's plan, which he announced in the House of Commons in July, 1832. His speech on that occasion showed that he had thoroughly mastered the difficult question which he undertook to elucidate. It was remarkable for the clearness of its statements, the power of its arguments, and for the eloquence with which it enforced sound and comprehensive principles. Mr. Spring-Rice having moved that a sum of 30,000 be granted for enabling the Lord-Lieutenant of Ireland to assist in the education of the people, and the House having agreed to the motion without a division, Mr. Stanley, in the following month, wrote a letter to the Duke of Leinster, in which he explained "the plan of national education," which afterwards bore his name. The first Commissioners were the Duke of Leinster, Archbishop Whately, Archbishop Murray, the Rev. Dr. Sadleir, Rev. James Carlile (Presbyterian), A. R. Blake (Chief Remembrancer, a Roman Catholic), and Robert Holmes, a Unitarian barrister. Mr. Carlile, minister of Mary's Abbey congregation in Dublin, was the only paid commissioner, and to him, during seven years, was committed a principal share in working the system. He selected the Scripture lessons, directed the compilation of the schoolbooks, aided in obtaining the recognition of parental rights, apart from clerical authority; in arranging the machinery and putting it in working order.
THREE:The art of coining received, like other things, a new facility and perfection from the application of the steam-engine. Messrs. Boulton and Watt, at the Soho Works, set up machinery, in 1788, which rolled out the metal, cut out the blanks, or circular pieces, shook them in bags to take off the rough edges, and stamped the coinsin higher perfection than ever before attainedat the rate of from thirty to forty thousand per hour.
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Subscriptions began to pour in for the Association, and the work went on. The year 1839 opened with bright prospects for the Anti-Corn Law crusade. Times were, indeed, changed since pseudo-Liberals had been able to make the apathy of the country an excuse for withholding aid from those who had, on principle, continued to demand justice in the matter of the poor man's loaf. The movement was rapidly becoming general. Mr. Villiers had prophesied in the last Session of Parliament that the day was not far distant when the landed interest would be compelled to treat this question with respect, and abandon the practice of shouting down the advocates of Free Trade in the Legislature. That day had now arrived, and sooner, probably, than the prophet himself had expected it. There was scarcely a large town or thickly populated district in Great Britain which had not moved, or which was not about to petition Parliament against the bread-tax. In many cases political differences were not allowed to hinder the common fellowship of citizens having such an object as the overthrow of a system that threatened to convert the mercantile community into a mass of bankruptcy, and to involve all classes in deep distress.OLD NEWGATE.The unnatural state of things induced by the war had now brought about a great change in our currency. As we could manage to get in our goods to the Continent by one opening or another, but could not get the produce of the Continent in return, it would have appeared that we must be paid in cash, and that the balance of specie must be in our favour; but this was not the case. By our enormous payments to our troops in Spain, Portugal, and Sicily, as well as in the East and West Indies, and by our heavy subsidies, gold had flowed out of the country so steadily that there appeared very little left in it, and bank paper had taken its place. On the Continent, impoverished as they were, the people tenaciously clung to their gold, and Buonaparte alone could draw it from them in taxes. He always took a heavy military chest with him on his expeditions, and his officers also carried the money necessary for themselves in their belts, or otherwise about their immediate persons. The gold being enormously diminished in quantity in England, was carefully hoarded on all hands, thus again increasing the scarcity, and raising the value of it. The price of bullion had risen from twenty to thirty per cent., and here was a further strong temptation to hoard or send guineas to the melting-pot. This state of things led a certain class of political economists to call for a repeal of the Act for suspension of cash payments, and Francis Horner obtained a committee of inquiry into the causes of the decrease of gold and the increase of paper: and this committee came to the conclusion that the true cause of the evil lay in the excess of paper, and that the way to restrain it would be to allow the demand for gold at the Bank. But the truth was that the cause of the evil was not the excess of paper, but the enormous diminution of gold; and to have opened a legal demand for gold which could not be had would only have produced a panic, and a complete and horrible assassination of all credit and all business. But there were clearer-sighted men in Parliament, who declared that, though bullion had risen in price, bank-notes would still procure twenty shillings' worth of goods in the market, and that they were not, therefore, really depreciated in value. That was true, but guineas had, notwithstanding, risen to a value of five- or six-and-twenty shillings, and might be sold for that. Gold had risen, but paper had not fallen; and gold could not take the place of paper, because it did not, to any great extent, exist in the country; if it had, paper must have fallen ruinously. Mr. Vansittart and his party, therefore, moved resolutions that the resumption of cash payments being already provided for six months after the conclusion of peace, was an arrangement which answered all purposes, and ought not to be disturbed; that this would keep all real excess of paper in check, and leave gold to resume its circulation when, by the natural influence of peace, it flowed again into the country. These were, accordingly, carried.At this juncture Sir Henry Pottinger succeeded Captain Elliot, with orders to bring the war to a satisfactory conclusion. His measures were prompt; Amoy fell on the 26th of August, Chusan, which had been abandoned, was recaptured in September, and the Chinese experienced further reverses in 1842. At length the Chinese saw that resistance was vain, and that they must come to terms, as the "barbarians" could not be exterminated. Full powers had been given to three Commissioners to negotiate a treaty of peace, which, after various conferences, was concluded on the 26th of August, 1842. It embraced the following stipulations:The payment by the Chinese of an indemnity of 4,375,000 in addition to the ransom of 1,250,000 already surrendered; the opening of the new ports of Canton, Amoy, Fou-chow-fou, Ning-po, and Shang-hai to British merchants, with permission to consular officers to reside there; the cession of the island of Hong Kong to the British in perpetuity; correspondence to be conducted on terms of perfect equality between the officers of both Governments; and the islands of Chusan and Ku-lang-su to be held by the British until the money payments were made, and arrangements for opening the ports were completed.
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