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Nelson, who had returned to England, by the 15th of September was on board of his old flagship, the Victory, and immediately sailed for Cadiz, accompanied only by three other ships of war. On the 29th he arrived off Cadiz, and was received by the fleet with enthusiastic acclamation. It was his birthday. He posted himself about twenty leagues to the west of Cadiz, in hope that the French fleet would come out. He knew that it was in great distress for provisions, because Napoleon, intending the fleet to assemble at Brest, had laid in the necessary stores there, and could not convey them, in any reasonable time, to Cadiz. Still more, it was believed that Napoleon refused to send any supplies there, having given Villeneuve imperative orders to make his way to Brest. But it is also asserted, by French authorities, that Napoleon had ordered the Minister of Marine to take the command from Villeneuve, and that the admiral was piqued to show the Emperor, by a daring exploit, that he had done him injustice. Under these or similar motives, Villeneuve determined to sail out, and encounter the British fleet. Nelson was watching for him behind Cape St. Mary, like a cat watching a mouse, as he said in a letter to the Abb Campbell, of Naples, a friend of his and of Lady Hamilton's. On the 9th of October, certain that the enemy would soon come out, Nelson sent to Lord Collingwood his plan of the battle. It was to advance in two lines of sixteen ships each, with an advanced squadron of eight of the fastest-sailing two-decked ships. They were thus to break the enemy's line in three places at once. Nelson was to aim at the centre; Collingwood, leading the second line, to break through at about the twelfth ship from the rear; and the light squadron, at three or four ships from the centreNelson's point of attack. "I look," wrote Nelson, "with confidence to a victory before the van of the enemy can succour their rear; and then the British fleet will, most of them, be ready to receive their twenty sail of the line, or to pursue them, should they endeavour to make off. If the van of the enemy tack, the captured ships must run to the leeward of the British fleet; if the enemy wear, the British must place themselves between them and the captured and disabled British ships, and, should the enemy close, I have no fear for the result. The second in command will, in all possible things, direct the movements of his line by keeping them as compact as the nature of the circumstances will admit. Captains are to look to their particular line as their rallying-point; but, in case signals cannot be clearly seen or understood, no captain can do very wrong if he places his ship alongside that of the enemy!" Such were Nelson's general orders, and they were entirely approved by Lord Collingwood.The winter of 1836-7 was marked by great commercial activity, and a strong tendency to over-trading, chiefly on the part of the banks. The result was a reaction, and considerable monetary embarrassment. In the reckless spirit of enterprise which led to these consequences, the American houses took the lead. The American speculators indulged an inordinate thirst for gain by land jobs, and over-trading in British produce. The most remarkable examples of this were afforded by three great American houses in London, called "the three W.'s." From an account of these firms, published in June, 1837, it appeared that the amount of bills payable by them from June to December, was as follows: Wilson and Co.,[411] 936,300; Wigan and Co., 674,700; Wildes and Co., 505,000; total acceptances, 2,116,000. This was upwards of one-sixth of the aggregate circulation of the private and joint-stock banks of England and Wales, and about one-eighth of the average circulation of the Bank of England. The shipments to America by Wigan and Co. amounted to 1,118,900. The number of joint-stock banks that started into existence at this time was remarkable. From 1825 to 1833 only thirty joint-stock banks had been established. In that year the Charter of the Bank of England being renewed, without many of the exclusive privileges it formerly enjoyed, and the spirit of commercial enterprise being active, joint-stock banks began to increase rapidly. There was an average of ten new companies annually, till 1836, when forty-five of these establishments came into existence in the course of ten months. In Ireland there were ten started in the course of two years. The consequence of this greatly increased banking accommodation produced a wild spirit of commercial adventure, which collapsed first in America, where the monetary confusion was unexampledbankers, importers, merchants, traders, and the Government having been all flung into a chaos of bankruptcy and insolvency. This state of things in America had an immediate effect in England. Discounts were abruptly refused to the largest and hitherto most respectable houses of Liverpool and London. Trade, in consequence, became paralysed; prices suddenly dropped from thirty to forty per cent.; and the numerous share bubblesthe railway projects, the insurance companies, the distillery companies, the cemetery companies, the sperm oil, the cotton twist, zoological gardens, and other speculationswhich had floated on the pecuniary tide, all suddenly collapsed, and there was an end to the career of unprincipled adventurers. It is satisfactory, however, to observe that the sound commerce of the country soon recovered the shock thus given; and in less than two years the pecuniary difficulties had passed away. Commerce had resumed its wonted activity, and flowed steadily in legitimate channels. The American banks resumed payment, and the three great American houses, which had involved themselves to such an enormous extent, were enabled to meet all their liabilities.THE FUSILIERS AT ALBUERA. (See p. 18.)
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THREE:But the English measures detained the Russian fleet in the Baltic with Greig at its head, and Russia was saved from her due chastisement. The King of Sweden, indeed, landed an army of thirty-five thousand men in Finland; and his brother, the Duke of Sudermania, appeared in the[352] Baltic at the head of a strong fleet. Nothing could have prevented Gustavus from marching directly on the Russian capital, and St. Petersburg was consequently thrown into the wildest alarm. But Gustavus was only bent on recovering the provinces which Russia had reft from Sweden. He advanced successfully for some time, the Russians everywhere flying before him; but Russian gold and Russian intrigue soon altered all this. Catherine ordered her fleet, which was in the Gulf of Finland, with Greig at its head, to bear down on the Swedish fleet, and, at the same time, emissaries were despatched amongst the officers of Gustavus's army with plenty of gold, and letters were sent to the States of Sweden, calling on them to disavow the proceedings of the king. Before Gustavus had left Sweden with his army, her Minister, passing over the king himself, had made similar communications to Gustavus's proud and disaffected nobles, and Gustavus had ordered him out of the country. The Russian and Swedish fleets now came to an engagement in the straits of Kalkbaden. The battle was desperate; the Swedes fought with their wonted valour; and the Russians, under the management of Greig and the British officers, showed that they were apt scholars. The two fleets separated, after doing each other great mischief, each claiming the victory. Catherine immediately rewarded Greig with a letter of thanks, written by her own hand, and with the more substantial present of a large sum of money, and a good estate in Livonia. Moreover, the partial success of Russia by sea had the effect of encouraging the corrupted officers of Gustavus to refuse to proceed farther in Finland.

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ONE:At the very time that these measures were occupying the British Parliament, the Bostonians were driving affairs to a crisis. In nearly all the seaports committees were in active operation for examining all cargoes of ships, and reporting the result. These committees also kept a keen observation on each other, and visited publicly any that appeared lukewarm. Boston, as usual, distinguished itself most prominently in this business. Regular meetings were held in Faneuil Hall, and votes passed denouncing all who dared to import the prohibited goods. Lieutenant-Governor Hutchinson exerted himself to form an[201] association amongst the traders in opposition to these anti-importers, but he tried in vain. They insisted that the merchants who had imported goods in their shops and warehouses should be compelled to ship them back to those who had sent them. One merchant, more stubborn than the rest, was immediately waited on by a deputation, headed by an axeman and a carpenter, as if prepared to behead and bury him; and he was told that a thousand men awaited his decision, and they could not be answerable for his safety if he refused to comply.
FORE:The Spaniards had so crowded their ships with soldiers, and made such wretched provision for their accommodation, that the most destructive and contagious fever was raging amongst them. This was quickly communicated to the French vessels; the mortality was more than that of a great battle, and the combined fleet hastened to Martinique, where they landed their soldiers and part of their seamen to recruit. They remained at Fort Royal till the 5th of July, only to disagree and quarrel more and more. Proceeding thence to St. Domingo, they parted, De Guichen returning to Europe, as convoy of the French homebound merchantmen; and Solano sailing to Havana, to co-operate with his countrymen in their designs on Florida.Not one of these monarchs, whose subjects had shed their blood and laid down their lives by hundreds of thousands to replace them in their power, had in return given these subjects a recompense by the institution of a more liberal form of government. The German kings and princes had openly promised such constitutions to induce them to expel Buonaparte; and, this accomplished, they shamefully broke their word. As Lord Byron well observed, we had put down one tyrant only to establish ten. In Spain, where we had made such stupendous exertions to restore Ferdinand, that monarch entered about the end of March; and his arrival was a signal for all the old royalists and priests to gather round him, and to insist on the annihilation of the Constitution made by the Cortes. He went to Gerona, where he was joined by General Elio and forty thousand men. Thence he marched to Saragossa and Valencia. At that city Te Deum was sung for his restoration, and, surrounded by soldiers and priests, he declared that the Cortes had never been legally convoked; that they had deprived him of the sovereignty, and the nobles and clergy of their status; and that he would not swear to the Constitution which they had prepared. On the 12th of May he entered his capital, amid the most frantic joy of the ignorant populace, and proceeded at once to seize all Liberal members of the Cortes, and throw them into prison. Wellington hastened to Madrid, and with his brother, Sir Henry Wellesley, the British Ambassador, and General Whittingham, in vain urged on Ferdinand to establish a liberal constitution, and govern on liberal principles. It was clear there was a time of terrible and bloody strife before Spain between the old tyrannies and superstitions and the new ideas.

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FORE:On the Rhine there was a good deal of sharp fighting between the French and Austrians. General Bender had been compelled to surrender Luxembourg, on the 7th of July, and allowed to retire with his army of ten thousand men into Germany, on condition of not serving again till exchanged. There then remained little on either bank of the Rhine to restrain the advance of the French, except Mayence on the left bank, and Manheim and Düsseldorf on the right. Pichegru, in August, made himself master of both Düsseldorf and Manheim, and was advancing to the reduction of Heidelberg when he was met by old General Wurmser, and driven back to Manheim. He was, in fact, meditating treachery. Jourdain, who was advancing in another direction to co-operate with Pichegru in the reduction of Mayence, was encountered by Clairfait, and driven back to Düsseldorf. Clairfait then attacked the French forces already investing Mayence, and the garrison making a sally at the same time, the French were completely dispersed, and part retreated north and part south. Wurmser then invested Manheim, and compelled its surrender on the 22nd of November. Pichegru signed an armistice with the Austrians before joining them. Jourdain also retreated.

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Parliament, having so smoothly transacted its business, was prorogued on the 14th of June, and Walpole then addressed himself to the settlement of the Spanish difference. But here he found a spirit of resistance which had undoubtedly grown from the invectives of the Opposition. The outcries against the Spanish captains, the right of search, and the payment of compensation for the ships taken by Byng, had given great offence to the proud Spaniards. They were encouraged, also, by the earnest manner in which Walpole had argued for peace. They now assumed a high tone. They complained of the continuance of the British fleet in the Mediterranean. They demanded the payment of the sixty-eight thousand pounds which they said was due from the South Sea Company,[72] though it had been stipulated in the Convention that it should not come into consideration.[65]Hail, adamantine steel! magnetic lord!In the midst of these cabals died the Regent, and Townshend, acting with Walpole, sent over Walpole's brother Horace to watch their interests at Paris. Carteret, on the other hand, ordered Sir Luke Schaub to make every exertion for the grant of the dukedom. On the arrival of Horace Walpole, Bolingbroke, obeying the impulses of the courtier and not of the man, immediately waited on him, and placed all his influence at the French Court at his service; but Walpole, who had an invincible repugnance to Bolingbroke, whilst he availed himself of the advantages offered by Bolingbroke, still kept him at a great and stately distance. Undeterred by this conduct, however, Bolingbroke swallowed his mortification, and continued to keep his eye and his hope on the Walpole Ministry. Unassisted by Bolingbroke, the dukedom could not be obtained; but George reconciled Madame Platen to the match by giving her daughter a portion of ten thousand pounds. Horace Walpole, at the same time, succeeded in getting Schaub recalled, and himself installed in his office of Ambassador at Parisa decided victory over Carteret; indeed, so decided, that Carteret was removed from the Secretaryship to the Lord-Lieutenancy of Ireland.
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