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The result of this division shook the last resistance of Walpole. When the motion which had been rejected on the 18th of Decemberfor copies of the correspondence with the King of Prussiawas again put, he made no opposition, and it[79] passed without a division. He made, however, one more attempt to carry his measures. In the disputed election of Chippenham he stood his ground against the petition, and was defeated by a majority of one. It was now clear to himself that he must give way. His relatives and friends assured him that to defer longer was only to court more decided discomfiture. On the 31st of January, he, therefore, prepared to depart for his seat at Houghton, and the next morning he demanded of the king, in a private audience, leave to retire. George, on this occasion, evinced a degree of feeling that did him honour. When the old Minister who had served him through so long a course of years knelt to kiss hands, the king embraced him, shed tears, and begged that he would often come to see him. On the 9th of February Sir Robert was created Earl of Orford, and on the 11th he made a formal resignation of all his places.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 docauses 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 discoverya 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.About ten o'clock on the morning of the 4th of August the squadron weighed anchor for Dublin Bay. They passed that night in Waterford Harbour, and arrived at Kingstown on the afternoon of the following day. When the Queen appeared on deck there was a tremendous burst of cheering, which was renewed again and again, especially when the Victoria and Albert amidst salutes from yachts and steamers, swung round at anchor, head to wind. At that time it is calculated that there must have been 40,000 people present. Monday, the 6th of August, was an auspicious day for the Irish metropolis. It opened with a brilliant sun, and from an early hour all the population of Dublin seemed astir. Trains began to run to Kingstown as early as half-past six, and from that hour to noon the multitudes poured in by sea and land in order to see and welcome their Queen. The Earl of Clarendon (the Lord-Lieutenant), Lady Clarendon, Prince George of Cambridge, the Marquis of Lansdowne, Sir Edward Blakeney, Commander of the Forces, the Archbishop of Dublin, the Duke of Leinster, the chief judges, and a number of peers and leading gentry, arrived early to welcome the Sovereign. There was also a deputation from the county of Dublin, consisting of the High Sheriff, Mr. Ennis, Lords Charlemont, Brabazon, Howth, Monck, Roebuck, and others. The Queen landed at ten o'clock. The excitement and tumultuous joy at that moment cannot be described. There was a special train in waiting to convey the Queen to Dublin, which stopped at Sandymount Station, where the procession was to be formed. In addition to the innumerable carriages waiting to take their places, there was a cavalcade of the gentry of the county and a countless multitude of pedestrians. The procession began to move soon after ten o'clock, passing over Ball's Bridge and on through Baggot Street. At Baggot Street Bridge the city gate was erected. All was enthusiasm, exultation, and joy. Nobody could then have imagined that only one short year before there had been in this very city bands of rebels arming themselves against the Queen's authority. All traces of rebellion, disaffection, discontent and misery were forgotten in that demonstration of loyalty.
Slider 1 ONE:Though Buonaparte had been absent, his family had taken care to keep public opinion alive to his importance. His wife, Josephine, lived at great expense, and collected around her all that was distinguished in society. His brother Lucien had become President of the Council of Five Hundred; and Joseph, a man much respected, kept a hospitable house, and did much to maintain the Buonaparte prestige. Talleyrand and Fouch were already in Napoleon's interest, and Bernadotte, now Minister of War, Jourdain, and Augereau, as generals, were prepared to act with him. The Abb Siys, with his perpetual constitution-making, had also been working in a way to facilitate his schemes. He had planned a new and most complicated constitution, known as that of the year Eight, by which the executive power was vested in three Consuls. Of the five Directors Buonaparte left in office, the most active had been removed; Abb Siys had succeeded Rewbell, and two men of no ability, Gohier and Moulins, had succeeded others. Roger Ducos, also in the interest of Buonaparte, made the fifth. All measures being prepared, on the 18th Brumaire, that is, the 10th of November, Buonaparte proceeded to enact the part of Cromwell, and usurp the chief authority of the State, converting the Republic into a military dictatorship. The army had shown, on his return, that they were devoted to his service. Jourdain, Bernadotte, Moreau, and Augereau were willing to co-operate in a coup-de-main which should make the army supreme. He therefore assembled three regiments of dragoons on pretence of reviewing them, and, everything being ready, he proceeded to the Council of Ancients, in which the moderate, or reactionary, party predominated, on the evening of the 10th of November. They placidly gave way in the midst of a most excited debate on the menaced danger, and every member, including Lucien Buonaparte, who was the President, had just been compelled to take an oath to maintain inviolable the Constitution of the year Three, when Napoleon entered, attended by four grenadiers of the Constitutional Guard of the Councils. The soldiers remained near the door, Napoleon advanced up the hall uncovered. There were loud murmurs. "What!" exclaimed the members, "soldiersdrawn swords in the sanctuary of the laws!" They rushed upon him, and seized him by the collar, shouting, "Outlawry! outlawry! proclaim him a traitor!" For a moment he shrank before them, but soon at the instigation of Siys returned, and quietly expelled them. Thus Buonaparte, with an army at his back, was openly dictator. He removed to the Palace of the Luxembourg, and assumed a state little inferior to royalty. He revised the Constitution of the Abb Siys, concentrating all the power of the State in the First Consul, instead of making him, as he expressed it, a personage whose only duties were to fatten, like a pig, upon so many millions a-year.

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Slider 1 ONE:Prior to the Revolution the sums voted for the Civil List were granted without any specification as to whether they should be applied to the maintenance of the army, the navy, the civil government, or the household. The king got a lump sum for carrying on the government, defending the country, and supporting the royal dignity; and was allowed to apportion it according to his own discretionthe plan most agreeable to an arbitrary monarch. After the Revolution the expenses of the army and navy were separately voted, and the charges for civil government have been gradually removed from the Civil List. At the accession of William IV. these charges were reduced to the amount required for the expenses of the Royal Household, by the removal of the salaries of the judges, the ambassadors, and the Lord-Lieutenant of Ireland, together with a number of Civil List pensions. This fact should be borne in mind in connection with the sums on the Civil List of former Sovereigns. For example: William III., Anne, and George I. had 700,000 a year; George II. and George III., 800,000; George IV., 850,000; William IV., 500,000; Queen Victoria received 385,000. The application was thus limited: Privy Purse, 60,000; household salaries and retired allowances, 131,260; household expenses, 172,500; royal bounty, alms, and special services, 13,200; leaving an unappropriated balance of upwards of 8,000 to be employed in supplementing any of the other charges, or in any way her Majesty thought proper. The Pension List was limited to 1,200 per annum, and the incomes from the Duchies of Lancaster and Cornwall, estimated at 50,000 a year, were secured to the Crown. Economists grumbled about the magnitude of these allowances, and Lord Melbourne was accused of being over-indulgent to the youthful Sovereign; but her immense popularity silenced all murmurers, and the nation felt happy to give her any amount of money she required.

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Slider 1 ONE:[See larger version]Up to this point, the whole Government and magistracy seemed as much stupefied as the poor wretches who had perished in the flames of the distillery. The king was the first to awake from this fatal lethargy. He summoned a Council on the morning of the 7th of June, at which he presided, and demanded what they had to propose for the suppression of these disorders. At the king's question the Cabinet appeared dumb-foundered. It was the general opinion that no officer could proceed to extremities against a mob, however it might be breaking the law, until an hour after the Riot Act had been read by a magistrate. This was a monstrous perversion of the meaning of that Act; but, had even this been zealously followed out, the riots must have been promptly suppressed. Luckily, at this moment Wedderburn, the Attorney-General, answered the king's interrogation boldly, that the Riot Act bore no such construction as was put upon it. In his opinion, no single hour was required for the dispersion of a mob after the reading of the Riot Act; and not even the reading of the Act at all was necessary for the authorisation of military force where a mob was found actually committing a felony by firing a dwelling-house, and could not be restrained by other means. Encouraged by Wedderburn's contention, the king declared that that had always been his own opinion, and that now he would act upon it. There should be, at least, one magistrate in the kingdom who would do his duty. The Council, gathering courage, then concurred, and a proclamation was issued, warning all householders to keep within doors with their families, the king's officers being now ordered to put down the riots by military execution, without waiting for any further reading of the Riot Act.

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THREE:Whilst these violent dissensions had sprung up from the French Revolution, Wilberforce and his coadjutors had been active in their exertions to abolish the Slave Trade. Thomas Clarkson, now devoted heart and soul to this object, was, with Dr. Dickson, sent out by the parent Anti-Slavery Society through the country, to call into life provincial societies and committees, and found themselves zealously supported and warmly welcomed by philanthropists, and especially by the Society of Friends. They circulated the evidence taken before the House of Commons' Committee, and made a great impression. On the other hand, the French Revolution proved as antagonistic to the cause of the abolitionists as it had to the friendship of Burke and Fox. The dreadful insurrection in St. Domingo was attributed to the formation of the Society in Paris of Les Amis des Noirs, and many otherwise enlightened men took the alarm, lest similar scenes in our West Indian colonies should be the result of the doctrines of the abolitionists. Few persons could be found willing to entertain the idea of immediate abolition of the trade in slaves; and even Dr. Parr, though a great Whig and adherent of Fox, declared that these Utopian schemes of liberty to blacks were alarming to serious men. Wilberforce was earnestly entreated to reconsider his plan; he was assured that immediate abolition would not pass the Commons, nor even gradual abolition the Lords. Wilberforce, however, could not be deterred from bringing on the question. On the 18th of April he moved for leave to bring in a Bill to prevent the introduction of any more slaves into our colonies. Besides showing the cruelties practised in the collection and transmission of negroes, he brought forward evidence to prove that, so far from this trade being, as had been represented before the Committee of the Commons, the nursery of British seamen, it was their grave. He showed that of twelve thousand two hundred and sixty-three men employed in it, two thousand six hundred and forty-five had been lost in twelve months. This was calculated to produce far less effect than the surrender of hundreds of thousands of negroes, inasmuch as profit and loss was a more telling argument with the slave traders than mere humanity; and they exerted all their influence in defence of their traffic. Wilberforce added that even had this trade really been a beneficial one as regarded mere political economy, there was a smell of blood about it that all the perfumes of Arabia could not disguise. He was ably supported by Fox and Pitt; but, on this occasion, the Prime Minister could not command[381] his large majority; the motion was lost by one hundred and sixty-three against eighty-eight.

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THREE:The question of Catholic Emancipation was brought forward on the 3rd of May, by Grattan: it was the last time that he did so, but he had the satisfaction of seeing that the question was rapidly advancing, for it was lost by only two votes. A fortnight afterwards Lord Donoughmore introduced a similar motion, in the hope of surmounting this small difference, but, after a long debate, he found the majority increased against it by thirty-nine votes. The closing contest of the Session was for Parliamentary Reform. Sir Francis Burdett brought on his annual motion, on the 1st of July, for the eighteenth time, but was defeated by one hundred and fifty-three votes against fifty-eight. He was seconded by Mr. George Lamb, younger brother of Lord Melbourne, who, however, did not go the length of annual parliaments and universal suffrage. Even at that day, Joseph Hume was for moderate reform, and Lord John Russell was alarmed at anything further than Triennial Parliaments, and the transferring the franchise from certain corrupt boroughs to others not yet represented. Such were the feeble ideas of Reform amongst its self-constituted leaders. Parliament was prorogued, on the 13th of July, by the Prince Regent in person.

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THREE:"I confess that the multiplied proofs which I have given at all times of my love for the people, and the manner in which I have always conducted myself, ought, in my opinion, to demonstrate that I was not afraid to expose myself in order to prevent bloodshed, and ought to clear me for ever from such an imputation."On the 15th of September this year the Manchester and Liverpool Railway was opened. It was the first line opened for passenger traffic in the British empire. There was much difference of opinion as to the success of the experiment, and vast crowds attended to see the first trains running. The Duke of Wellington, Mr. Huskisson, and many persons of the highest distinction, started in the trains, which travelled on two lines in the same direction, sometimes nearly abreast. At Parkside the trains stopped to take in water, and Mr. Huskisson and several of his friends got out. He was brought round to the carriage where the Duke of Wellington was seated, who, as soon as he saw him, shook hands cordially with his old colleague. At this moment the other train started, when there was a general cry of "Get in, get in!" There was not time to do this, but Mr. Holmes, who was with Mr. Huskisson, had sufficient presence of mind to draw himself up close to the Duke's carriage, by which means he escaped uninjured. Mr. Huskisson, unfortunately, caught one of the doors, which, struck by the train in motion, was swung round, and caused him to fall on the other railway, so that his right leg was passed over and crushed by the engine. The Duke of Wellington and others ran to his assistance. The only words he uttered were, "I have met my death. God forgive me!" He was carried to Eccles, where the best medical advice was obtained, but he survived only a few hours, bearing his intense pain with great fortitude.

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ONE:A great proportion of these results had been produced by the rapid growth of manufactures. The introduction of steam, and the inventions of the spinning-jenny and other kinds of machinery, had given such a development to manufactures, that the value of these at the end of the reign made three-fourths of the whole exports. Agriculture had made considerable progress, and of this art the king was a zealous patron, especially of the improvements in the breed of sheep, importing himself merinos from Spain at great cost. There were also great promoters of improvements in stock, such as Bakewell, Culley, and others, and the high price of corn and of all kinds of agricultural produce during the war acted as stimulants to farming. The value of land also caused the enclosure of vast tracts, and much planting of trees was done, especially in Scotland, which had previously been very neglectful in that respect.The next day the war against France was proclaimed, and for the righteous cause of restoring the independence of the nations. Prussia, and indeed all Germany, had now been trampled on sufficiently to crush the effeminacy out of all classesto rouse the true soul of liberty in them. Men of every rank offered themselves as the defenders and avengers of their country; the students at this moment not only sung, but aided freedom. The volunteers were formed into Black Bands, and others assumed the dress and arms of the Cossacks, who had won much admiration. They were disciplined in the system of Scharnhorst, and soon became effective soldiers. A leader was found for them after their own heartthe brave and patriotic Blucher, who had been reserving himself for this day, and Scharnhorst and Gneisenau, better tacticians than himself, were appointed to assist him, and carry out all the strategic movements; whilst Blucher, never depressed by difficulties, never daunted by defeat, led them on with the cheer from which he derived his most common appellation of Marshal Forwards"Forwards! my children, forwards!" All classes hastened to contribute the utmost amount possible to the necessary funds for this sacred war. The ladies gave in their gold chains and bracelets, their diamonds and rubies, and wore as ornaments chains and bracelets of beautifully wrought iron.

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THREE:The disabilities under which the Roman Catholics laboured were a constant source of irritation in Ireland; the agitation upon the subject was becoming every day more formidable. Mr. Plunket was anxious to bring forward the question in the House of Commons, but he was urged by his colleagues to postpone it, from an apprehension that the time was not yet come to give it a fair consideration: the Cabinet was divided, the Chancellor was obstinate, and the king vacillating, if not double-minded. "As to the conduct of the king," writes Mr. Freemantle, a member of the Government, "it is inexplicable. He is praising Lord Liverpool on all occasions, and sending invitations to nobody but the Opposition. With regard to Ireland, I am quite satisfied the great man is holding the most conciliatory language to both partiesholding out success to the Catholics, and a determination to resist them to the Protestants."

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ONE:But De Tolly was only remaining to defend the town whilst the inhabitants carried off with them their movable property. Whilst on the side of Smolensk, when Buonaparte arrived, all was silent, and the fields were empty, on the other side it was one vast crowd of people moving away with their effects. Buonaparte hoped that the Russians would deploy before the gates, and give him battle; but they did nothing of the sort, and he determined to storm the place. Its walls were old but very thick, and it might hold out some time, and the assault must cost many lives; but Buonaparte determined to make it. The French, however, learned that the Russians were already in retreat; and Murat observed that to waste these lives was worse than useless, as the city would be theirs without a blow immediately. Buonaparte replied in an insulting manner to Murat, and ordered the assault the next morning. On this, Murat, driven to fury, spurred his horse to the banks of the Dnieper, in the face of the enemy, between batteries, and stood there as voluntarily courting death. Belliard called out to him not to sacrifice himselfhe only pushed on still nearer to the fire of the Russian guns, and was forced from the scene by the soldiers. The storming commenced, and Tolly defended the place vigorously, killing four or five thousand of the French as they advanced to the attack.

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THREE:When Parliament opened on the 20th of January, 1778, the Opposition fell, as it were, in a mass upon the Ministry on this question. There was much dissatisfaction expressed at the Government allowing Liverpool, Manchester, and other places, to raise troops without consulting Parliament. It was declared to be a practice contrary to the Constitution and to the Coronation Oath. Sir Philip Jennings Clerke, on the 22nd of January, moved for an account of the numbers of troops so raised, with the names of the commanding officers. Lord North, whilst observing that this mode of raising troops showed the[249] popularity of the war, and that the country was by no means in that helpless condition which a jealous and impatient faction represented it to be, readily granted the return. In the House of Lords the Earl of Abingdon moved to consult the judges on the legality of raising troops without authority of Parliament; but this motion was not pressed to a division. But, on the 4th of February, Sir Philip Jennings Clerke returned to his charge in the Commons. Lord North replied that this now hotly-decried practice was one which had been not only adopted, but highly approved of, in 1745, and again in 1759, when Lord Chatham was Minister, and that he had then thanked publicly those who had raised the troops for the honour and glory of their country. A motion was negatived by the Lords on the same day, to declare this practice unconstitutional, and a similar one later in the Session, introduced by Wilkes and supported by Burke.

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THREE:[See larger version]Lord Wellington, early in October, called down his troops from their cold and miserable posts in the mountains, and marched them over the Bidassoa, and encamped them amongst the French hills and valleys of La Rhune. The last division moved across on the 10th of November, the town of Pampeluna having surrendered on the 31st of October. This was a very agreeable change to the troops; but, before crossing, his lordship issued the most emphatic orders against plundering or ill-using the inhabitants. He told them, and especially the Spanish and Portuguese, that though the French had committed unheard-of barbarities in their countries, he would not allow of retaliation and revenge on the innocent inhabitants of France; that it was against the universal marauder, Buonaparte, and his system, that the British made war, and not against the people of France. But the passions of the Portuguese and Spaniards were too much excited against their oppressors, and they burnt and plundered whenever they had opportunity. On this, Wellington wrote sternly to the Spanish general, Freyre.[62] "Where I command," he said, "no one shall be allowed to plunder. If plunder must be had, then another must have the command. You have large armies in Spain, and if it is wished to plunder the French peasantry, you may then enter France; but then the Spanish Government must remove me from the command of their armies. It is a matter of indifference to me whether I command a large or a small army; but, whether large or small, they must obey me, and, above all, must not plunder." To secure the fulfilment of these orders, he moved back most of the Spanish troops to within the Spanish frontiers. The strictness with which Lord Wellington maintained these sentiments and protected the inhabitants produced the best results. The folk of the southern provinces, being well inclined to the Bourbons, and heartily wearied of seeing their sons annually dragged away to be slaughtered in foreign countries for Buonaparte's ambition, soon flocked into camp with all sorts of provisions and vegetables; and they did not hesitate to express their wishes for the success of the British arms.

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ONE:Notwithstanding these rejoicings, however, there is no doubt that the imprisonment completely broke the spirit of O'Connell. During 1843 he had been urged forward by the impetuosity and warlike spirit of the Young Ireland party, and the excitement of the monster meetings seems to have filled his mind with the notion that he could really wield the physical power of the country in an actual contest with the Queen's forces. His prison reflections dissipated all such illusions. The enforced inactivity, at his time of life, of one accustomed to so much labour and to such constant speaking, no doubt affected his health. Probably the softening of the brain, of which he died, commenced about this time. At all events he was thenceforward an altered man, excessively cautious and timid, with a morbid horror of war and blood, and a rooted dislike of the Young Ireland leaders, which the Old Ireland party did all they could to strengthen. Mr. Smith O'Brien had been the Conservative member for the county of Limerick, and had been opposed to the Repeal agitation; but the moment O'Connell was arrested, he joined the Association, taking the vacant position of leader, and adopting the policy of the Young Ireland party, which avowedly tended to war and revolution. Boasting of a lineal descent from the conqueror of the Danes at Clontarf, and hailed by some of his admirers as one who had a right to wear his crown, the new convert to Repeal seemed determined to go all lengths for the liberation of[534] his country from the Saxon yoke. O'Connell at first seemed to rejoice in the accession of strength to the cause, but signs of jealousy and dislike were soon manifested. In private there was a marked coolness between the two leaders, and when, at the meetings of the Association, any of the Young Ireland orators gave utterance to martial sentiments, they were promptly called to order by O'Connell; but they revenged themselves by frequently outvoting him in committee, which was a grievous mortification to one so long accustomed to almost absolute rule among his followers. He attended Parliament during the Session of 1845-46, diligently performing his duties as a representative, sitting in committees, and taking part in the debates of the House. During his absence the Young Ireland party gained a complete ascendency in the Repeal Association. Mr. Smith O'Brien, who refused to sit on any committee in the House of Commons not connected with Irish business, and was imprisoned in the cellar for his contumacy, made himself an idol with the revolutionary party at home by his refractory spirit and the perversity of his conduct. The other leaders of that party who exerted the greatest influence were Thomas Davis, Charles Gavan Duffy, D'Arcy M'Gee, and Thomas Meagherall men of superior ability, whose organ, the Nation, exerted great influence throughout the country. Ultimately, a series of "peace resolutions," which were proposed in the Repeal Association, pledging its members to abjure the sword as an instrument for redressing the grievances of Ireland, caused an open rupture between the two parties. The Young Irelanders seceded in a body from Conciliation Hall, and established an organisation of their own"The Irish Confederation." From this time the Repeal rent rapidly fell off, and when O'Connell again returned to Dublin he found that the spell of his enchantment, once so potent, was broken; and the famine came soon after, to consummate his affliction and break his heart. Before the sad close of his public career had arrived, and pending the issue of the State trial, O'Connell had a proof of the magnanimity of the English people, of those Saxons whose national character he had so often assailed and maligned. When he appeared at one of the Anti-Corn-Law meetings in Covent Garden Theatre, his reception by the assembled multitude is described as one of the most magnificent displays of popular enthusiasm ever witnessed. They remembered only that his jury was packed, that his judges were prejudiced, and that he had been for thirty years the able and consistent opponent of the Corn Laws. He declared himself that he was not prepared for such a demonstration, even by the experience of the monster meetings. This great triumph on English ground seemed to infuse new life into the veteran agitator, for his speech on that occasion was one of the finest and most effective he ever delivered.

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The result of this division shook the last resistance of Walpole. When the motion which had been rejected on the 18th of Decemberfor copies of the correspondence with the King of Prussiawas again put, he made no opposition, and it[79] passed without a division. He made, however, one more attempt to carry his measures. In the disputed election of Chippenham he stood his ground against the petition, and was defeated by a majority of one. It was now clear to himself that he must give way. His relatives and friends assured him that to defer longer was only to court more decided discomfiture. On the 31st of January, he, therefore, prepared to depart for his seat at Houghton, and the next morning he demanded of the king, in a private audience, leave to retire. George, on this occasion, evinced a degree of feeling that did him honour. When the old Minister who had served him through so long a course of years knelt to kiss hands, the king embraced him, shed tears, and begged that he would often come to see him. On the 9th of February Sir Robert was created Earl of Orford, and on the 11th he made a formal resignation of all his places.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 docauses 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 discoverya 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.About ten o'clock on the morning of the 4th of August the squadron weighed anchor for Dublin Bay. They passed that night in Waterford Harbour, and arrived at Kingstown on the afternoon of the following day. When the Queen appeared on deck there was a tremendous burst of cheering, which was renewed again and again, especially when the Victoria and Albert amidst salutes from yachts and steamers, swung round at anchor, head to wind. At that time it is calculated that there must have been 40,000 people present. Monday, the 6th of August, was an auspicious day for the Irish metropolis. It opened with a brilliant sun, and from an early hour all the population of Dublin seemed astir. Trains began to run to Kingstown as early as half-past six, and from that hour to noon the multitudes poured in by sea and land in order to see and welcome their Queen. The Earl of Clarendon (the Lord-Lieutenant), Lady Clarendon, Prince George of Cambridge, the Marquis of Lansdowne, Sir Edward Blakeney, Commander of the Forces, the Archbishop of Dublin, the Duke of Leinster, the chief judges, and a number of peers and leading gentry, arrived early to welcome the Sovereign. There was also a deputation from the county of Dublin, consisting of the High Sheriff, Mr. Ennis, Lords Charlemont, Brabazon, Howth, Monck, Roebuck, and others. The Queen landed at ten o'clock. The excitement and tumultuous joy at that moment cannot be described. There was a special train in waiting to convey the Queen to Dublin, which stopped at Sandymount Station, where the procession was to be formed. In addition to the innumerable carriages waiting to take their places, there was a cavalcade of the gentry of the county and a countless multitude of pedestrians. The procession began to move soon after ten o'clock, passing over Ball's Bridge and on through Baggot Street. At Baggot Street Bridge the city gate was erected. All was enthusiasm, exultation, and joy. Nobody could then have imagined that only one short year before there had been in this very city bands of rebels arming themselves against the Queen's authority. All traces of rebellion, disaffection, discontent and misery were forgotten in that demonstration of loyalty.

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As the Government was determined to persevere, and to carry the Reform Bill by means of a large creation of peers, if necessary, some of the leading members of the Opposition in the Upper House began to think seriously of their position, a sort of appeal having been made to them in a letter from the king's private secretary, suggesting the prudence of compromise and concession in order to save his Majesty from the painful alternative of a creation of peers. Accordingly, Lords Wharncliffe and Harrowby put themselves in communication with Lord Grey, and this fact was announced by the former in a letter to the Duke of Wellington, stating that he entertained good hope of being able to arrange such a plan of compromise as would prevent the necessity of a second rejection of the Bill by the Lords, and so enable them to alter and amend it when it came into committee. The Duke, in reply to this, said that he was glad of a possibility of an arrangement by mutual concession on the Reform question; and that, for his part, all that he desired to see, under the new system, was a chance of a Government for this hitherto prosperous, happy, and great country, which should give security to life and property hereafter. "The political unions," he said, "had assumed an organisation which any man who could read would pronounce to be for military purposes, and nothing else." In the meantime Lord Wharncliffe had waited by appointment upon the Prime Minister at his house, in Sheen, where he discussed the Reform question with him for two hours, without ever adverting to the political unions, and he reported the issue in a long letter to the Duke of Wellington. The result was that Lord Grey made some trifling concession in matters of detail, and in return Lord Wharncliffe gave him the assurance that he would do what he could to bring the Opposition lords to take a more favourable view of the Ministerial scheme and its probable consequences. This was followed by cordial shaking of hands, and[346] permission was given on each side to communicate with intimate friends and colleagues. The Duke of Wellington, however, declined to take any part in these deliberations. He believed that the Government could be carried on, though with difficulty, under the existing system; but under the system which the Reform Bill would introduce he doubted if the Government could be carried on at all. Nothing came of Lord Wharncliffe's negotiation with the Government, which declined to make any material concession. It had the effect, however, of splitting the Conservative party in the Upper House, breaking the phalanx of the Opposition, and thus preparing the way for the triumph of the Government.The general result of the elections was considered to have diminished by fifty the number of votes on which Ministers could depend, and the relation in which they now stood to the more popular part of the representation was stated to be as follows:Of the eighty-two members returned by the forty counties of England, only twenty-eight were steady adherents of the Ministry; forty-seven were avowed adherents of the Opposition, and seven of the neutral cast did not lean much to Government. Of the thirteen popular cities and boroughs (London, Westminster, Aylesbury, etc.), returning twenty-eight members, only three seats were held by decidedly Ministerial men, and twenty-four by men in avowed opposition. There were sixty other places, more or less open, returning 126 members. Of these only forty-seven were Ministerial; all the rest were avowed Opposition men, save eight, whose leaning was rather against the Government than for it. Of the 236 men then returned by elections more or less popular in England, only seventy-nine were Ministerial votes; 141 were in avowed opposition, and sixteen of a neutral cast.It was at this crisis, when Hastings was just recovering his authority in the Council, that the news arrived in India, and spread amongst the native chiefs, that in Yenghi Dunia, or the New World, the Company Sahibfor the East Indians could never separate the ideas of the East India Company and England itselfthere had been a great revolution, and the English driven out. This, as might be expected, wonderfully elated the native chiefs, and especially those in the south. There the French of Pondicherry and Chandernagore boasted of the destruction of the British power, and that it was by their own hands. Hastings, who was as able and far-seeing as he was unprincipled in carrying out his plans for the maintenance of the British dominion in India, immediately set himself to counteract the mischievous effects of these diligently-disseminated rumours, and of the cabals which the French excited. These were most to be feared amongst the vast and martial family of the Mahrattas. The Mahrattas had risen on the ruins of the great Mogul empire. They now extended their tribes over a vast space of India from Mysore to the Ganges. The Peishwa, as head of these nations, held his residence at Poonah. Besides his, there were the great houses of Holkar and Scindia; the Guicowar, who ruled in Guzerat; the Bonslah, or Rajah of Berar, a descendant of Sivaji. The Mahrattas were, for the most part, a rude, warlike race, rapacious and ambitious, and living in the most primitive style. To destroy the confidence of these fierce warriors in the French, Hastings gave immediate orders, on receiving the news of the proclamation of war in Europe, for the seizure of the French settlements. This was on the 7th of July, 1778; on the 10th he had taken Chandernagore, and ordered Sir Hector[329] Munro to invest Pondicherry. That was soon accomplished, and the only remaining possession of France, the small one of Mah, on the coast of Malabar, was seized the next spring.
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