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Of course, the commercial changes introduced by Mr. Huskisson and Mr. Robinson excited loud murmurs of dissatisfaction from the interests affected, especially the shipping interest. But the best answer to objectors was the continuously flourishing state of the country. At the opening of the Session in 1825, Lord Dudley and Ward, in moving the Address in answer to the King's Speech in the Upper House, observed:"Our present prosperity is a prosperity extending to all orders, all professions, and all districts, enhanced and invigorated by the flourishing state of all those arts which minister to human comfort, and those inventions by which man obtains a mastery over nature by the application of her own powers, and which, if one had ventured to foretell a few years ago, it would have appeared almost incredible." This happy state of things was the result of a legitimate expansion of trade. Manufacturers and merchants were at first guided by a spirit of sober calculation. The steady advance in the public securities, and in the value of property of all sorts, showed that the national wealth rested upon a solid basis. The extension of the currency kept pace with the development of trade and commerce, and the circulation of bankers' paper was enormously increased. But out of the national prosperity there arose a spirit of rash speculation and adventure, resulting in a monetary crisis. The issue of notes by country banks was under no restriction; no measures were taken to secure that their paper represented property, and could be redeemed if necessary. There were hundreds of bankers in the provinces who could issue any quantity of notes they pleased, and these passed as cash from hand to hand. The spirit of speculation and enterprise was stimulated to a feverish degree of excitement by the recognition of the states of Colombia, Mexico, and Buenos Ayres, formally announced in the King's Speech on the 3rd of February, which said that treaties of commerce had been made with those new states. The rich districts of South America being thus thrown open, there was a rush of capitalists and adventurers to work its inexhaustible mines. A number of companies was formed for the purpose, and the gains of some of them in a few months amounted to fifteen hundred per cent. The result was a mania of speculation, which seized upon all classes, pervaded all ranks, and threw the most sober and quiet members of society into a state of tumultuous excitement. Joint-stock companies almost innumerable were established, to accomplish all sorts of undertakings. There were thirty-three companies for making canals and docks, forty-eight for making railroads, forty-two for gas, twenty insurance companies, twenty-three banking companies, twelve navigation packet companies, five indigo and sugar companies, thirty-four metal companies, and many others. The amount of capital subscribed in these various companies, which numbered two hundred and seventy-six, was upwards of 174,000,000. In connection with South America there was the Anglo-Mexican Company, the Brazilian, the Colombian, Real de Monte, and the United Mexican. On the South American shares only ten pounds each had been paid, except the Real de Monte, on which 70 had been paid. We may judge of the extent to which gambling speculation was carried from the following statement of the market prices of the shares, in five of the principal mining companies[243], at two periods, December 10th, 1824, and January 11th, 1825:[See larger version]
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FORE:Saxe followed up his advantage by despatching L?wendahl against Bergen-op-Zoom, the key of Holland, and the masterpiece of the celebrated engineer, Cohorn. This was not only amazingly strong in its fortifications, but had a powerful garrison, and was covered by an entrenched camp of twelve thousand men. The trenches were opened in the middle of July, and might have defied all the efforts of the French, had not Baron Cronstrom, the commander, a man of eighty, suffered them to take it by surprise on the 15th of September. The French had led a vast number of men before this place, and its surrender ended the campaign.The shameful length to which Congress carried this dishonourable shuffling astonished Europe. They insisted that Great Britain should give a formal ratification of the convention before they gave up the troops, though they allowed Burgoyne and a few of his officers to go home. The British Commissioners, who had arrived with full powers to settle any affair, offered immediately such ratification; but this did not arrest the slippery chicane of Congress. It declared that it would not be satisfied without ratification directly from the highest authority at home. In short, Congress, in open violation of the convention, detained the British troops for several years prisoners of war.

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FORE:They succeeded in landing unobserved by any of the sentinels posted along the shore, where they had to wait for the boats fetching over the second detachment, there not being boats enough. Before this arrived, they began to climb the rocks by a narrow track, so steep and rugged that they could only ascend by clinging to the bushes and projecting crags. Directly above their heads was a watch-post of a captain and a hundred and fifty men. There, as they drew near the summit, Colonel Howea brother of Lord Howe, who fell at Ticonderogaleading the van, the watch became aware of a noise, and fired down the rocks, directed by the sound. The English soldiers imprudently returned the volley upwards, instead of reserving it until they had gained the ascent. They continued their scramble up, however, with redoubled ardour, and the French, on their sudden appearance, panic-struck, fled. The second detachment soon followed them, and the whole little army stood on the heights above the town before the break of day.

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FORE:Next came the enactments regarding fasting. By 5 Elizabeth every person who ate flesh on a fish day was liable to a penalty of three pounds; and, in case of non-payment, to three months' imprisonment. It was added that this eating of fish was not from any superstitious notion, but to encourage the fisheries; but by the 2 and 3 Edward VI. the power of inflicting these fish and flesh penalties was invested in the two Archbishops, as though the offence of eating flesh on fish days was an ecclesiastical offence. Lord Stanhope showed that the powers and penalties of excommunication were still in full force; that whoever was excommunicated had no legal power of recovering any debt, or payment for anything that he might sell; that excommunication and its penalties were made valid by the 5 Elizabeth and the 29 Charles II.; that by the 30 Charles II. every peer, or member of the House of Peers, peer of Scotland, or Ireland, or member of the House of Commons, who should go to Court without having made the declaration against transubstantiation, and the invocation of saints therein contained, should be disabled from holding any office, civil or military, from making a proxy in the House of Lords, or from sueing or using any action in law or equity; from being guardian, trustee, or administrator of any will; and should be deemed "a Popish recusant convict." His Lordship observed that probably the whole Protestant bench of bishops were at that moment in this predicament, and that he had a right to clear the House of them, and proceed with his Bill in their absence. He next quoted the 1st of James I., which decreed that any woman, or any person whatever under twenty-one years of age, except sailors, ship-boys, or apprentices, or factors of merchants, who should go over sea without a licence from the king, or six of his Privy Council, should forfeit all his or her goods, lands, and moneys whatever; and whoever should send such person without such licence should forfeit one hundred pounds; and every officer of a port, and every shipowner, master of a ship, and all his mariners who should allow such person to go, or should take him or her, should forfeit everything they possessed, one half to the king, and the other half to the person sueing.

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ONE:Whilst this powerful confederacy was putting forth all its strength to drive from the seat of supremacy the man who had so long guided the fortunes of England, another confederacy was knitting together its selfish members to rend in pieces and share amongst them the empire of the young Queen of Austria. Frederick was willing enough to make a league with France, but he was cautious enough not to make it too soon. He wanted to know whether he could keep England out of the campaign, in which case he could deal easily with Austria himself. Walpole's attempts to prevent the war from becoming European, however, failed, and the treaty being signed with the Prussian king, Marshal Maillebois marched an army across the Rhine, and Belleisle and Broglie went with another. Maillebois pursued his course direct for Hanover, where George was drilling and preparing a number of troops, but in no degree capable of making head against the French. Panic-stricken at their approach, he made haste to come to terms, and agreed to a year's neutrality for Hanover, leaving Maria Theresa to her fate, and, moreover, engaging not to vote for the election of her husband, the Duke of Lorraine, to be Emperor. The news of this conduct of the King of England in the person of the Elector of Hanover, was received in Great Britain with the utmost indignation. Belleisle and De Broglie had, during this time, joined their forces to those of the old Elector of Bavaria, the constant enemy of Austria and the friend of France, and had marched into Austria. He took Linz, on the Danube, and commenced his march on Vienna. As this allied army approached Vienna, Maria Theresa fled with her infant son, afterwards Joseph II., into Hungary, her husband and his brother, Prince Charles of Lorraine, remaining to defend the city.[75] The Hungarians received their menaced queen with enthusiasm. She had done much since the recent commencement of her reign to win their affections. She had been crowned in the preceding month of June in their ancient capital, and had sworn to maintain their ancient constitution in all its force, and the people were fervent in their loyalty. When, therefore, she appeared before the Hungarian Parliament in Presburg with her son in her arms, and called upon that high-spirited nation to defend her against her perfidious and selfish enemies, the sensation was indescribable. All rose to their feet, and, drawing their swords half-way from the scabbard, they exclaimed, "Our lives and our blood for your majesty! We will die for our king, Maria Theresa!""Such is the extraordinary power of the Association, or, rather, of the agitators, of whom there are many of high ability, of ardent mind, of great daring (and if there was no Association, these men are now too well known not to maintain their power under the existing order of exclusion), that I am quite certain they could lead on the people to open rebellion at a moment's notice; and their organisation is such that in the hands of desperate and intelligent leaders they would be extremely formidable. The hope, and indeed the probability, of present tranquillity rests upon the forbearance and the not very determined courage of O'Connell, and on his belief, as well as that of the principal men amongst them, that they will carry their cause by unceasing agitation, and by intimidation, without coming to blows. I believe their success inevitable; that no power under heaven can arrest its progress. There may be rebellionyou may put to death thousandsyou may suppress it, but it will only be to put off the day of compromise; and, in the meantime, the country is still more impoverished, and the minds of the people are, if possible, still more alienated, and ruinous expense is entailed upon the empire. But supposing that the whole evil was concentred in the Association, and that, if that was suppressed, all would go smoothly, where is the man who can tell me how to suppress it? Many cry out that the nuisance must be abatedthat the Government is supinethat the insolence of the demagogues is intolerable; but I have not yet found one person capable of pointing out a remedy. All are mute when you ask them to define their proposition. All that even the most determined opposers to Emancipation say is, that it is better to leave things as they are than to risk any change. But will things remain as they are? Certainly not. They are bad; they must get worse; and I see no possible means of improving them but by depriving the demagogues of the power of directing the people; and by taking Messrs. O'Connell, Sheil, and the rest of them, from the Association, and placing them in the House of Commons, this desirable object would be at once accomplished.
FORE:[313]

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FORE:Monsieur and the Duke of Orleans hastened to Lyons, and the Duke of Angoulme to Nìmes. Corps of volunteers were called out, and an address[90] to the people was composed by Benjamin Constant, calling on them to defend their liberties against Buonaparte; and a woman on the staircase of the Tuileries exclaimed, "If Louis has not men enough to fight, let him call out the widows and childless mothers who have been rendered such by Napoleon!" Meanwhile the conspiracy of General l'Allemand and his brother at Lille, to carry over the garrison of eight thousand men to Napoleon, was discovered by General Mortier, and defeated. Had this plot succeeded, Louis and his family must have been made prisoners. But that was the extent of the adhesion to the Bourbon cause.Soon shall thy arm, unconquered Steam! afar

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FORE:Buonaparte very speedily matured his plans for the seizure of Spain, and he began to put them into execution. From Italy, where he was violating the territories of the Pope, and compelling the reluctant Queen of Etruria to give up her kingdom, he wrote to the King of Spain, her father, that he consented to a marriage between the Prince of Asturias and a lady of his family. Whilst he thus gave assurance of his friendship, he ordered his army, lying at Bayonne, to enter Spain at different points, and possess themselves of the strong positions along its frontier. By this means the French were received as friends by the people, and neither the king nor Godoy complained of this gross breach of the Treaty of Fontainebleau. The impudent tricks by which the great fortresses were secured, each of which might have detained an army for years, have scarcely any parallel in history. At Pamplona, on the 9th of February, 1808, the French troops commenced a game of snowballing each other on the esplanade of the citadel, when suddenly they occupied the drawbridge, entered the fortress gate, and admitted a body of their countrymen, who had been placed in readiness, and the fortress was secured. At Barcelona the French gave out that they were about to march. Duchesne, the General, drew up his men before the citadel, on pretence of speaking with the French guard, near the citadel gate, passed suddenly in, followed by an Italian regiment, and the place was their own. St. Sebastian was captured by a number of French being admitted into the hospital, who let in their fellows, and Mountjoy was taken by a like ruse.

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THREE:The commercial treaty with France, Pitt's greatest achievement as a financier, was not signed until the recessnamely, in September. It was conceived entirely in the spirit of Free Trade, and was an honest attempt to establish a perpetual alliance between the two nations. Its terms were:That it was to continue in force for twelve years; with some few exceptions prohibitory duties between the two countries were repealed; the wines of France were admitted at the same rate as those of Portugal; privateers belonging to any nation at war with one of the contracting parties might no longer equip themselves in the ports of the other; and complete religious and civil liberty was granted to the inhabitants of each country while residing in the other. One result of the treaty was the revival of the taste for light French wines which had prevailed before the wars of the Revolution, and a decline in the sale of the fiery wines of the Peninsula. But the treaty was bitterly attacked by the Opposition. Flood reproduced the absurd argument that wealth consists of money, and that trade can only be beneficial to the country which obtains the largest return in gold. Fox and Burke, with singular lack of foresight, declaimed against Pitt for making a treaty with France, "the natural political enemy of Great Britain," and denounced the perfidy with which the French had fostered the American revolt. In spite of the illiberality of these arguments, Pitt, with the acquiescence of the commercial classes, carried the treaty through Parliament by majorities of more than two to one.Mack, who was advancing rashly out of reach of any supporting bodies of troops, expected to encounter the French in front. He therefore took possession of Ulm and Memmingen, and threw his advanced posts out along the line of the Iller and the Upper Danube, looking for the French advancing by way of the Black Forest. But Buonaparte's plan was very different. He divided his army into six grand divisions. That commanded by Bernadotte issued from Hanover, and, crossing Hesse, appeared to be aiming at a junction with the main army, which had already reached the Rhine. But at once he diverged to the left, ascended the Main, and joined the Elector of Bavaria at Würzburg. Had Mack had a hundredth part of the strategic talent attributed to him, he would have concentrated his forces into one powerful body, and cut through the cordon which Buonaparte was drawing around him, and, under good generalship, such soldiers as the Hungarians would have done wonders; but he suffered his different detachments to be attacked and beaten in detail, never being ready with fresh troops to support those which were engaged, whilst the French were always prepared for this object. Accordingly, Soult managed to surround and take one entire Austrian division at Memmingen, under General Spangenberg, and Dupont and Ney defeated the Archduke Ferdinand at Günzburg, who had advanced from Ulm to defend the bridges there. Ferdinand lost many guns and nearly three thousand men. This induced Mack to concentrate his forces in Ulm, where, however, he had taken no measures for supplying his troops with provisions during a siege. He was completely surrounded, and compelled to capitulate on the 19th of October, 1805.

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THREE:THE PRINCE CONSORT.SIGNATURES TO THE DECLARATION OF INDEPENDENCE.

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THREE:Mr. Peel publishes the letters that passed between him and Mr. Fitzgerald while the election was pending, and from these it would appear that the latter thought the contest would be violent and exasperated. After the fight was over, he said he had polled the gentry to a man, and all the fifty-pound freeholders. The organisation which had been shown was so complete and formidable that no man could contemplate without alarm what was to follow in that wretched country. Mr. Peel observes:"The last letter of Mr. Fitzgerald is especially worthy of remark. Can there be a doubt that the example of the county would have been all-powerful in the case of every future election in Ireland for those counties in which a Roman Catholic constituency preponderated? It is true that Mr. O'Connell was the most formidable competitor whom Mr. Fitzgerald could have encountered; it is possible that that which took place in Clare would not have taken place had[276] any other man than Mr. O'Connell been the candidate; but he must be blind, indeed, to the natural progress of events, and to the influence of example, in times of public excitement, on the feelings and passions of men, who could cherish the delusive hope that the instrument of political power, shivered to atoms in the county of Clare, would still be wielded with effect in Cork or Galway. Reach Us Below:

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This put matters beyond all chance of mistake. The menace had such an effect on the aged Electress that she was taken ill and died suddenly in the arms of the Electoral Princess, afterwards Queen Caroline (May 28, 1714). Sophia was a very accomplished as well as amiable woman. She was perfect mistress of the German, Dutch, French, English, and Italian languages; and, notwithstanding the endeavours of the Jacobite party in England to render her ridiculous, had always maintained an elevated and honourable character. She was more of an Englishwoman than a German, and, had she lived a few weeks longer, would have hadaccording to her often avowed wish"Here lies Sophia, Queen of England," engraven on her coffin. The journey of the prince was wholly abandoned; not that the inclination of the prince for the journey was abated, nor that the Whigs ceased to urge it. Townshend, Sunderland, Halifax, and others pressed it as of the utmost importance; and both the Elector and his son wrote to the queen, assuring her that, had the prince been allowed to come, he would soon have convinced her Majesty of his desire to increase the peace and strength of her reign rather than to diminish them.Another attempt of the French to draw the attention of Wellington from Massena was made by Mortier, who marched from Badajoz, of which Soult had given him the command, entered Portugal, and invested Campo Mayor, a place of little strength, and with a very weak garrison. Marshal Beresford hastened to its relief at the head of twenty thousand men, and the Portuguese commandant did his best to hold out till he arrived; but he found this was not possible, and he surrendered on condition of marching out with all the honours of war. Scarcely, however, was this done when Beresford appeared, and Mortier abruptly quitted the town, and made all haste back again to Badajoz, pursued by the British cavalry. Mortier managed to get across the Guadiana, and Beresford found himself stopped there by a sudden rising of the water and want of boats. He had to construct a temporary bridge before he could cross, so that the French escaped into Badajoz. Mortier then resigned his command to Latour Maubourg, and the British employed themselves in reducing Oliven?a, and some other strong places on the Valverde river, in the month of April. Lord Wellington made a hasty visit to the headquarters of Marshal Beresford, to direct the operations against Badajoz, but he was quickly recalled by the news that Massena had received reinforcements, and was in full march again to relieve the garrison in Almeida. Wellington, on the other hand, had reduced his army by sending reinforcements to Beresford, so that while Massena entered Portugal with forty thousand foot and five thousand cavalry, Wellington had, of British and Portuguese, only thirty-two thousand foot and about one thousand two hundred horse. This force, too, he had been obliged to extend over a line of seven miles in length, so as to guard the avenues of access to Almeida. The country, too, about Almeida was particularly well adapted for cavalry, in which the French had greatly the superiority. Notwithstanding, Wellington determined to dispute his passage. He had no choice of ground; he must fight on a flat plain, and with the Coa flowing in his rear. His centre was opposite to Almeida, his right on the village of Fuentes d'Onoro, and his left on fort Concepcion.Instead of taking means to conciliate the public, Bute, stung by these testimonies of dislike, and by the pamphlets and lampoons which issued like swarms of wasps, revenged himself by others, which only intensified the hatred against him. Still worse for him, he had caused the Dukes of Newcastle and Grafton, and the Marquis of Rockingham, to be dismissed from the Lord-Lieutenancies of their respective counties, because they voted against the peace on Bute's terms. With a still more petty rancour he had visited the sins of these noblemen on the persons in small clerkships and other posts who had been recommended by them, turning them all out. Sir Henry Fox joined him relentlessly in these pitiful revenges, and would have carried them farther had he not been checked by others.
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