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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 do��causes 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 discovery��a 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.

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GIUSEPPE GARIBALDI.The debates were very animated, and excited the liveliest interest. The Bill was read the first time by a majority of five. On the 10th of May the House divided on the second reading, which was carried by a majority of twelve, the numbers being, for the Bill, two hundred and thirty-five; noes, two hundred and twenty-three. The exertions made to defeat this Bill were extraordinary. There were twenty-seven pairs of members who appeared in the House. The Duke of York canvassed against it in all directions with the utmost zeal and activity. It was felt that if it passed into law, the admission of Roman Catholics into the Lower House must follow as a matter of course. The Bill, however, was thrown out by the Lords.

ONE:On the 27th of May Mr. Ward brought forward a motion upon this subject. In an able speech he reviewed the state of Ireland, and remarked that since 1819 it had been necessary to maintain there an army of 22,000 men, at a cost of a million sterling per annum, exclusive of a police[372] force that cost ��300,000 a year. All this enormous expense and trouble in governing Ireland he ascribed to the existence of a religious establishment hostile to the majority of the people; he therefore moved that "the Protestant episcopal establishment in Ireland exceeds the spiritual wants of the Protestant population; and that, it being the right of the State to regulate the distribution of Church property in such a manner as Parliament may determine, it is the opinion of this House that the temporal possessions of the Church of Ireland, as now established by law, ought to be reduced."

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ONE:High duties were not the only evils that had been strangling the silk trade. Its chief seat was at Spitalfields, where by the Act of 1811 and other legislation the magistrates had been empowered to fix the rate of wages, and to subject to severe penalties any masters who employed weavers in other districts. The result, said a manufacturers' petition in 1823, is, "that the removal of the entire manufacture from the metropolis is inevitable, if the Acts are to continue any longer in force." However, the journeymen declared that a repeal of the Acts would be followed by the reduction of their wages and the increase of the poor rates. No less than 11,000 petitioned against Huskisson's motion for a repeal, and,[242] though the Bill passed the House of Commons by small majorities, it was so altered by amendments in the Lords that it was abandoned for the Session. But in this remarkable Session of 1824 it was reintroduced and passed through all its stages. As a result the Combination Acts directed against meetings of workmen to affect wages, the Acts which prevented the emigration of artisans, and the laws against the exportation of machinery were brought under discussion by Joseph Hume. The last question was waived for the present, but the laws interfering with the emigration of artisans were repealed without a voice being raised in their favour. As for the Combination Acts, it was ordained that no peaceable meeting of masters or workmen should be prosecuted as a conspiracy, while summary punishments were enacted on those "who by threats, intimidation, or acts of violence interfered with that freedom, which ought to be allowed to each party, of employing his labour or capital in a manner he may deem most advantageous." In consequence, however, of the outrages which occurred during the Glasgow strikes of 1824, during which a workman who disregarded the wishes of his union was shot, and men of one trade were employed to assassinate the masters of another, further legislation was necessary. By the Act of 1825 all associations were made illegal, excepting those for settling such amount of wages as would be a fair remuneration to the workman. Any other combination either of men against masters or of masters against men, or of working men against working men, was made illegal. The law thus framed continued to regulate the relations of capital and labour for nearly half a century.

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TWO:The French had always beheld with jealousy our possession of the island of Minorca, which had been won by General Stanhope in 1708, and secured to us by the Peace of Utrecht. That England should possess the finest port in the Mediterranean, and that so near their own shores, was a subject of unceasing chagrin. The miserable administration of British affairs, the constant attention to the interests of Hanover instead of our own, now inspired France with the resolve to snatch the prize from us. Great preparations were made for this object, and the report of these as duly conveyed to the English Ministers by the consuls in both Spain and Italy, but in vain. At length the certainty that the French were about to sail for Minorca burst on the miserable Ministers; but it was too late��they had nothing in readiness. The port of Mahon was almost destitute of a garrison; the governor, Lord Tyrawley, was in England; and the deputy-governor, General Blakeney, though brave, as he had shown himself at the siege of Stirling, was old, nearly disabled by his infirmities, and deficient in troops. What was still worse, all the colonels were absent from the regiments stationed there, and other officers also��altogether thirty-five!

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TWO:After the coronation, the queen resided at Brandenburgh House, determined to lead a life of dignified retirement. But the violent agitation and excitement, and the terribly painful mortification to which she was subjected in her ill-advised attempt to form part of the coronation pageant, were too much for her constitution. As soon as it was evident that her end was approaching, much public sympathy was excited, and the vicinity of her residence was incessantly thronged with persons of all classes making anxious inquiries about her health, and solicitous for her restoration. On the 4th of August, when her professional advisers were receiving instructions about the disposition of her property, one of them suggested the propriety of sending a messenger to Italy to seal up her papers, in order to prevent them from falling into the hands of her enemies. "And what if they do?" she exclaimed; "I have no papers that they may not see. They can find nothing, because there is nothing, nor ever has been, to impeach my character." One of them said that he was aware of that, but her enemies might put there what they did not find. She replied, "I have always defied their malice, and I defy it still." Nevertheless, it was her conscious failure in her efforts to make the public believe this, coupled with the public humiliation to which she had been subjected, that bowed down her spirit at last, and gave the victory to her enemies. She had painted their characters in vivid colours in her private diary, and might have transmitted their punishment to posterity had she ordered it to be preserved and published; but she gave directions to have it destroyed, and it was burnt in her presence by one of her foreign maids. After suffering intensely for four or five days, she sank into a stupor, from which she never woke, and on the 7th of August, after an entire absence of sense and faculty for more than two hours, expired Caroline of Brunswick, Queen Consort of George IV., in the fifty-fourth year of her age. She had by her bedside in her last hours her faithful friends and constant attendants, Lord and Lady Hood, and Lady Anne Hamilton; Alderman Wood, who had been devoted to her interests from the first, was also present, as well as her legal and medical advisers.

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TWO:From this episode of fire and fanaticism we recur to the general theme of the war with Spain, France, and America, in which England was every day becoming more deeply engaged. From the moment that Spain had joined France in the war against us, other Powers, trusting to our embarrassments with our colonies and those great European Powers, had found it a lucrative trade to supply, under neutral flags, warlike materials and other articles to the hostile nations; thus, whilst under a nominal alliance, they actually furnished the sinews of war against us. In this particular, Holland, the next great commercial country to Britain, took the lead. She furnished ammunition and stores to the Spaniards, who all this while were engaged in besieging Gibraltar. Spain had also made a treaty with the Barbary States, by which she cut off our supplies from those countries. To relieve Gibraltar, Admiral Sir George Rodney, who was now appointed to the command of our navy in the West Indies, was ordered to touch there on his way out. On the 8th of January 1780, when he had been a few days out at sea, he came in sight of a Spanish fleet, consisting of five armed vessels, convoying fifteen merchantmen, all of which he captured. These vessels were chiefly laden with wheat, flour, and other provisions, badly needed at Gibraltar, and which he carried in with him, sending the men-of-war to England. On the 16th he fell in with another fleet off Cape St. Vincent, of eleven ships of the line, under Don Juan de Langara, who had come out to intercept the provisions which England sent to Gibraltar. Rodney had a much superior fleet, and the Spanish admiral immediately attempted to regain his port. The weather was very tempestuous, and the coast near the shoal of St. Lucar very dangerous; he therefore stood in as close as possible to the shore, but Rodney boldly thrust his vessels between him and the perilous strand, and commenced a running fight. The engagement began about four o'clock in the evening, and it was, therefore, soon dark; but Rodney, despite the imminent danger of darkness, tempest, and a treacherous shore, continued the fight, and the Spaniards for a time defended themselves bravely. The battle continued till two o'clock in the morning; one ship, the San Domingo, of seventy guns, blew up with six hundred men early in the action; four ships of the line, including the admiral's, of eighty guns, struck, and were carried by Rodney safe into port; two seventy-gun ships ran on the shoal and were lost; and of all the Spanish fleet only four ships escaped to Cadiz.

THREE:On the 25th of January Buonaparte conferred the Regency again on Maria Louisa, appointed King Joseph his lieutenant in Paris��the poor man who could not take care of the capital which had been conferred on him��and quitted Paris to put himself at the head of his army. This army, in spite of all his exertions, did not exceed eighty thousand men; whilst the Allies were already in France with at least a hundred and fifty thousand, and fresh bodies marching up in succession from the north. He arrived the next day at Chalons, where his army lay, commanded by Marmont, Macdonald, Victor, and Ney. The Austrians, under Schwarzenberg, had entered France on the 21st of December by the Upper Rhine, and directed their march on Lyons. On the 19th of January, a few days before Buonaparte quitted Paris, they had already taken Dijon, and were advancing on Lyons, where, however, they received a repulse. Blucher, at the head of forty thousand men, called the Army of Silesia, about the same time entered France lower down, between Mannheim and Coblenz, at four different points, and pushed forward for Joinville, Vitry, and St. Dizier. Another army of Swedes, Russians, and Germans, under the Crown Prince of Sweden, was directed to assist in clearing Holland and Belgium, as the Crown Prince naturally wished to take no part in the invasion of his native soil. Whilst, therefore,[78] Bernadotte remained to protect Belgium, Sir Thomas Graham, who, with General Bülow, had cleared Holland of the French, except such as occupied the fortress of Bergen-op-Zoom, remained to invest that stronghold, and Bülow and Winzengerode entered France by its northern frontier.The excitement among the public, as this resolution became known, was intense, and large crowds assembled in front of the baronet's house, applauding, and shouting "Burdett for ever!" In their enthusiasm they compelled all passengers to take off their hats, and shout too. But they did not stop here. On such occasions a rabble of the lowest kind unites itself to the real Reformers��and the mob began to insult persons of opposite principles and to break the windows of their houses. The Earl of Westmoreland, Lord Privy Seal, was recognised, and, as well as others of the same political faith, pelted with mud. The windows of Mr. Yorke, as the originator of the acts of the Commons, were quickly broken, and, in rapid succession, those of Lord Chatham, amid loud shouts of "Walcheren!" of Sir Robert Peel, the Duke of Montrose, Lord Castlereagh, Lord Westmoreland, Lord Wellesley, Mr. Wellesley Pole, Sir John Anstruther, and others. The Horse Guards were called out, and dispersed the rioters. The next day the serjeant-at-arms made his way into Sir Francis Burdett's house, and presented the Speaker's warrant for his arrest; but Sir Francis put the warrant in his pocket without looking at it, and a Mr. O'Connor, who was present, led the serjeant-at-arms down stairs, and closed the door on him. A troop of Life Guards and a company of Foot Guards were then ordered to post themselves in front of Sir Francis's house, and at night it was found necessary to read the Riot Act, and then the Guards were ordered to clear the street, which they did. Whilst this was doing, Sir Francis watched the proceeding from the windows, and was repeatedly cheered by the mob. Whilst thus besieged, he was visited by Lord Cochrane, the Earl of Thanet, Whitbread, Coke of Norfolk, Lord Folkestone, Colonel Wardle, Major Cartwright, and other Radical Reformers. Some of these gentlemen thought enough had been done to establish a case for a trial of the right of the House of Commons, and advised Sir Francis to yield to the Speaker's warrant. But Sir Francis addressed a letter to the sheriffs of London, informing them that an attack was made upon his liberty, by an instrument which he held to be decidedly illegal, and calling upon them to protect both him and the other inhabitants of the bailiwick from such violence. In this dilemma, the Premier, Mr. Perceval, advised that the serjeant-at-arms should lay the case before the Attorney-General, Sir Vicary Gibbs, which he did; but the reply of Sir Vicary only created more embarrassment, for he was doubtful whether, should any person be killed in enforcing the Speaker's warrant, it would not be held to be murder, and whether if the serjeant-at-arms were killed, a charge of murder would not issue against the perpetrator. The sheriffs, who were themselves strong Reformers, laid the letter of Sir Francis before the Speaker and before Mr. Ryder, the new Home Secretary, who counselled them to give their aid in enforcing the warrant. But these gentlemen proceeded to the house of Sir Francis Burdett, and passed the night with him for his protection.

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THREE:[545]With the beginning of this year, 1769, there commenced, under the signature of "Junius," the most remarkable series of political letters which ever appeared in our political literature. Time has not yet disclosed who this public censor was, though the most weighty reasons attach the belief to its having been Sir Philip Francis. Whoever he was, his terrible dissections of the conduct and characters of public men��the Duke of Grafton, the Duke of Bedford, Lord Mansfield, and others, not excepting the king himself��caused the most awful consternation amongst the ranks of the Ministry, and raised the highest enthusiasm in the public by the keen and caustic edge of his satire and his censure, by the clear tone of his reasonings, his obvious knowledge of secret Government movements, and the brilliant lustre of his style.

The Session of 1753 was distinguished by two remarkable Acts of Parliament. The one was for the naturalisation of the Jews, the other for the prevention of clandestine marriages. The Jew Bill was introduced into the Lords, and passed it with singular ease, scarcely exciting an objection from the whole bench of bishops; Lord Lyttelton declaring that "he who hated another man for not being a Christian was not a Christian himself." But in the Commons it raised a fierce debate. On the 7th of May, on the second reading, it was assailed by loud assertions that to admit the Jews to such privileges was to dishonour the Christian faith; that it would deluge the kingdom with usurers, brokers, and beggars; that the Jews would buy up the advowsons, and thus destroy the Church; that it was flying directly in the face of God and of Prophecy, which had declared the Jews should be scattered over the face of the earth, without any country or fixed abode. Pelham ridiculed the fears about the Church, showing that, by their own rigid tenets, the Jews could neither enter our Church nor marry our women, and could therefore never touch our religion, nor amalgamate with us as a people; that as to civil offices, unless they took the Sacrament, they could not be even excisemen or custom-house officers. The Bill passed by a majority of ninety-five to sixteen; but the storm was only wafted from the Parliament to the public. Out-of-doors the members of Parliament, and especially the bishops, were pursued with the fiercest rancour and insult. Members of the Commons were threatened by their constituents with the loss of their seats for voting in favour of this Bill; and one of them, Mr. Sydenham, of Exeter, defended himself by declaring that he was no Jew, but travelled on the Sabbath like a Christian. The populace pursued the members and the bishops in the streets, crying, "No Jews! No Jews! No wooden shoes!" In short, such was the popular fury, that the Duke of Newcastle was glad to bring in a Bill for the repeal of his Act of Naturalisation on the very first day of the next Session, which passed rapidly through both Houses.Here, then, our history of the political transactions of the reign of George III. terminates. That reign really terminated in 1811, with the appointment of the Regency, which continued the ruling power during the remainder of his life. From that date it is really the history of the Regency that we have been prosecuting. But this was necessary to maintain the unity of the narrative of that most unexampled struggle which was involving the very existence of every nation in Europe. Of all this the poor old, blind, and deranged king knew nothing��had no concern with it. The reins of power had fallen from his hands for ever: his "kingdom was taken from him, and given to another." He had lived to witness the rending away of the great western branch of his empire, and the sun of his intellect went down in the midst of that tempest which threatened to lay in ruins every dynasty around him. We have watched and detailed that mighty shaking of the nations to its end. The events of the few remaining years during which George III. lived but did not rule, were of a totally different character and belong to a totally different story. They are occupied by the national distresses consequent on the war, and the efforts for reform, stimulated by these distresses, the first[119] chapter of which did not close till the achievement of the Reform Bill in 1832.The news of this great victory, which at once freed from the French armies the rich province of Andalusia and the cities of Cadiz and Seville, spread joy and exultation over Spain, and filled Buonaparte, who received it at Bordeaux, with the deepest anxiety, but the Spaniards were led into a confidence which brought its subsequent chastisement. The news no sooner reached Madrid than the king ceased to feel himself safe there. He determined to retire to Vittoria, which was at a convenient distance from the French frontier. On the 3rd of July he quitted the city by night, and, guarded by French troops, took the road to Vittoria, leaving Grouchy and Marshal Bessi��res to cut off any pursuit of the Spaniards. Grouchy then despatched a letter requiring Casta?os to send an officer to take charge of the city, and to protect the French invalids in the hospitals. He sent General Moreno, and himself arrived to hold the city on the 23rd of August. Such of the Spanish grandees as had encouraged the French fled, with Joseph, for safety, and obtained the name of "Josepinos," or "Infrancsados;" the rest joined the Spanish cause.DUBLIN CASTLE. (From a Photograph by W. Lawrence, Dublin.)THE MARQUIS OF ANGLESEY. (After the Portrait by Sir Thomas Lawrence.)

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