THREE:Meanwhile, the American emissaries were both busy and successful at the Court of France. Though the Government still professed most amicable relations towards Great Britain, it winked at the constant sale of the prizes taken by American privateers, or those who passed for such, in their ports. The Government had, as we have seen, supplied the insurgents with money and arms. It was now arranged between Silas Deane and the French Minister, Vergennes, that the supplies of arms and ammunition should be sent by way of the West Indies, and that Congress should remit payment in tobacco and other produce. The French Government supplied the American agents with money for their purchases of arms and necessary articles for the troops, also to be repaid in tobacco. Two of the ships sent off with such supplies were captured by the British men-of-war; but a third, loaded with arms, arrived safely. To procure the money which they could not draw from Europe, Congress made fresh issues of paper money, though what was already out was fearfully depreciated. They voted a loan also of five millions of dollars, at four per cent. interest. They authorised a lottery to raise a like sum, the prizes to be payable in loan-office certificates. These measures only precipitated the depreciation of the Government paper; people refused to take it; and Washington, to prevent the absolute starvation of the army, was endowed with the extraordinary power of compelling the acceptance of it, and of arresting and imprisoning all maligners of the credit of Congress. Congress went further, and passed a resolution that their bills ought to pass[237] current in all payments, trade, and dealings, and be deemed equal in value to the same sum in Spanish dollars; and that all persons refusing to take them should be considered enemies to the United States; and the local authorities were called upon to inflict forfeitures and other penalties on all such persons. Still further: the New York convention having laid before Congress their scheme for regulating the price of labour, produce, manufactured articles, and imported goods, it was adopted. But these arbitrary and unscientific measures the traders set at defiance, and the attempts to enforce them only aggravated the public distress. Loans came in slowly, the treasury ran low, the loan offices were overdrawn, and the issue of bills of credit was reluctantly recommenced; ten additional millions were speedily authorised, and as the issue increased, the depreciation naturally kept pace with it. The Commissioners in France were instructed to borrow money there, but the instructions were more easily given than executed.Nothing could be more just or more excellent than the sentiments and arguments of this letter; but, unfortunately, circumstances on both sides were such as really precluded any hope of making peace. Great Britain foresaw Italy under the foot of France; Holland and Belgium in the same condition; Bavaria, Baden, Würtemberg, and other smaller German States, allied with France against the other German States. It was impossible for her to conclude a peace without stipulating for the return of these States to the status quo; and was Buonaparte likely to accede to such terms? On the contrary, at this very moment, besides being in possession of Hanover, George III.'s patrimony, he had been exercising the grossest violence towards our Ambassadors in various German States, was contemplating making himself king of Italy, and was forcibly annexing Genoa, contrary to the Treaty of Lunville, to the Cisalpine Republicthat is, to the French State in Italy. Whilst he was thus perpetuating want of confidence in him, on the other hand a league for resistance to his encroachments was already formed between Great Britain, Russia, Sweden, and Austria. Peace, therefore, on diplomatic principles was impossible, and Napoleon must have known it well. True, we had no longer any right to complain of the expulsion of the Bourbons from France, seeing that the nation had ostensibly chosen a new government and a new royal family, any more than France had a right to attack us because we had expelled the Stuarts and adopted the line of Brunswick. But the very nature of Napoleon was incompatible with rest; for, as Lord Byron says, "quiet to quick bosoms is hell." Buonaparte had repeatedly avowed that he must be warlike. "My power," he said, "depends upon my glory; my glory on my victories. My power would fall if I did not support it by fresh glory and new victories. Conquest has made me what I am, and conquest alone can maintain me. A newly-born government, like mine, must dazzle and astonish. When it ceases to do that, it falls." With such an avowal as that, in entire keeping with his character, there must be constant aggressions by him on the Continent which intimately concerned us. Accordingly, the British Government replied to Buonaparte by a polite evasion. As Britain had not recognised Napoleon's new title, the king could not answer his letter himself. It was answered by Lord Mulgrave, the Secretary[500] for Foreign Affairs, addressed to M. Talleyrand, as the Foreign Secretary of France, and simply stated that Britain could not make any proposals regarding peace till she had consulted her Allies, and particularly the Emperor of Russia. The letter of Buonaparte and this curt reply were published in the Moniteur, accompanied with remarks tending to convince the French that the most heartfelt desires of peace by the Emperor were repelled by Great Britain, and that a storm was brewing in the North which would necessitate the Emperor's reappearance in the field.
