THREE:But there was no rest for Frederick. Daun was overrunning Saxony; had reduced Leipsic, Wittenberg, and Torgau. Frederick marched against him, retook Leipsic, and came up with Daun at Torgau on the 3rd of November. There a most sanguinary battle took place, which lasted all day and late into the night. Within half an hour five thousand of Frederick's grenadiers, the pride of his army, were killed by Daun's batteries of four hundred cannon. Frederick was himself disabled and carried into the rear, and altogether fourteen thousand Prussians were killed or wounded, and twenty thousand of the Austrians. This scene of savage slaughter closed the campaign. The Austrians evacuated Saxony, with the exception of Dresden; the Russians re-passed the Oder, and Frederick took up his winter quarters at Leipsic.
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THREE:The South Sea Company had immediately on the passing of the Bill proposed a subscription of one million, and this was so eagerly seized on that, instead of one, two millions were subscribed. To stimulate this already too feverish spirit in the public, the Company adopted the most false and unjustifiable means. They had eight millions and a half to pay over to Government as a douceur for granting them the management of the Funds; and, therefore, to bring this in rapidly, they propagated the most lying rumours. It was industriously circulated that Lord Stanhope had received overtures at Paris to exchange Gibraltar and Port Mahon for invaluable gold lands in Peru! The South Sea trade was vaunted as a source of boundless wealth in itself. In August the stock had risen from the one hundred and thirty of the last winter to one thousand! Men sold houses and land to become shareholders; merchants of eminence neglected their affairs and crippled their resources to reap imaginary profits. The Company flattered the delusion to the utmost. They opened a third, and even a fourth subscription, larger than the former, and passed a resolution that from next Christmas their yearly dividend should not be less than fifty per cent.! In labouring to increase the public delusion they seem to have caught the contagion themselves, for they began to act, not like men who were blowing a bubble which they knew must speedily burst, but like persons who had mounted permanently into the very highest seat of prosperous power. They assumed the most arrogant and overbearing manner, even towards men of the highest station and influence. "We have made them kings," said a member of Parliament, "and they deal with everybody as such."[See larger version]
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THREE:In America, during this time, various encounters had taken place between the English and American forces. Washington, in spite of the severity of the winter weather, was pressing the blockade of Boston. But the difficulties with[223] which he had to contend were so enormous, that, had General Howe had any real notion of them, as he ought to have had, he might have beaten off the American troops over and over again. His troops, it is true, only amounted to about seven thousand, and Washington's to about fifteen thousand; but besides the deficiency of powder in Washington's camp, the terms on which his troops served were such as kept him in constant uncertainty. This was the condition of things when, early in March, Washington commenced acting on the offensive. He threw up entrenchments on Dorchester Heights, overlooking and commanding both Boston town and harbour. Taking advantage of a dark night, on the 4th of March he sent a strong detachment to the Heights, who, before mining, threw up a redoubt, which made it necessary for General Howe to dislodge them, or evacuate the place. It seems amazing, after the affair of Bunker's Hill, that Howe had not seen the necessity of occupying the post himself. He now, however, prepared to attack the redoubt, and the soldiers were eager for the enterprise. The vanguard fell down to Castle William, at which place the ascent was to be made; and on the morrow, the 5th of March, the anniversary of what was termed the Massacre of Boston, the fight was to take place. A violent storm, however, arose, rendering the crossing of the water impracticable. By the time that it ceased, the Americans had so strengthened their works, that it was deemed a useless waste of life to attempt to carry them. The only alternative was the evacuation of Boston. Howe had long been persuaded that it would be much better to make the British headquarters at New York, where there were few American troops, and where the king's friends were numerous; and this certainly was true, unless he had mustered resolution and sought to disperse his enemies when they were in a state of disorder and deficiency of ammunition that insured his certain success. As it was, he was now most ignominiously cooped up, and in hourly jeopardy of being shelled out of the place. He had obtained the permission of his Government for this movement, and he now set about it in earnest. When, however, he came to embark, another example was given of that shameful neglect which pervaded the whole of the British civil department of the military service. When the transports were examined, they were found totally destitute of provisions and forage. No direct compact was made between Howe and Washington regarding the evacuation; but an indirect communication and understanding on the subject was entered intothrough the "select Men" of Bostonthat no injury should be done to the town during it, provided the troops were unmolested in embarking. Before departing, however, the English totally dismantled and partly demolished Castle William. On the 17th, the last of the British troops were on board; and that afternoon Boston was entered in triumph by General Putnam, at the head of the vanguard.
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