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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 effect of the American war, so extremely unsatisfactory to the nation, had now perceptibly reduced the influence of Lord North and his Ministry. Their majorities, which had formerly been four to one, had now fallen to less than two to one; and this process was going rapidly on. The changes in the Cabinet had been considerable, but they had not contributed to reinvigorate it. The removal of Thurlow to the House of Lords had left nobody equal to him in the Commons to contend with such men as Fox, Burke, Barr, and the several others. Wedderburn had taken Thurlow's place as Attorney-General, and Wallace had stepped into Wedderburn's as Solicitor-General. Lord Weymouth, who had held the posts of Secretary of State for the North and South Departments since the death of the Earl of Suffolk, now resigned, and Lord Hillsborough was appointed to the Southern Department, and Lord Stormont to the Northern Department. Neither of these changes was popular. The Duke of Bedford's party had become more and more cool towards Lord North, and in every respect there was a declining power in the Cabinet. It was at variance with itself, and was fast losing the confidence of the public. Lord George Germaine was still retained by the king as Secretary of the Colonies, notwithstanding the disgust he had excited by the unfortunate planning of the expedition of Burgoyne.
ONE:On his return, the contentions regarding pulling down old St. Paul's were rife as ever; but the following year the fire occurred, and Wren was commissioned to make a plan for the rebuilding of the City. He proposed to restore it on a regular plan, with wide streets and piazzas, and for the banks of the river to be kept open on both sides with spacious quays. But these designs were defeated by the ignorance and selfishness of the inhabitants and traders, and the banks of the Thames became once more blocked up with wharves and warehouses, narrow and winding lanes; and Wren could only devote his architectural talent to the churches, the Royal Exchange, and Custom House. These latter buildings were completed in the three following years; they have since both been burnt down and rebuilt. Temple Bar, a hideous erection, was finished in the fourth year, 1670. All this time the commencement of the new St. Paul's was impeded by the attempts of the commissioners to restore the old tumbling fabric, and it was only by successive fallings-in of the ruins that they were compelled to allow Wren to remove the whole decayed mass, and clear the ground for the foundations of his cathedral. These were laid in 1675, nine years after the fire, and the building was only terminated in thirty-five years, the stone on the summit of the lantern being laid by Wren's son, Christopher, 1710. The choir, however, had been opened for divine service in 1697, in the twenty-second year of the erection.
THREE:Toryism had now lost two of its main pillars, the Marquis of Londonderry and the Duke of York. They had worked together for many years, one directing the foreign policy of the country while sustaining the chief burden of a great war against France, the other at the head of the British army, whose valour ultimately triumphed at Waterloo. A third of those pillars, Lord Liverpool, was now struck down; and the fourth, Lord Eldon, was not destined to survive very long. On the 17th of February a stroke of paralysis terminated the public life of the Prime Minister, though he survived till December 4th in the following year (1828). He was born in 1770, and as Mr. Jenkinson and Lord Hawkesbury had been a firm supporter of Mr. Pitt; his Premiership commenced on June 9th, 1812. He had acquired from his father an extensive knowledge of monetary and commercial affairs, and this, combined with the experience of a protracted official career, gave him a great advantage in Parliament, making him master of the leading principles and facts. Amiable, exemplary, frank, and disinterested in his private character, he secured the attachment of his friends, and conciliated the good-will of his political opponents. He was not distinguished for superior statesmanship, power in debate, or originality of mind; but as a political leader he was what is called a safe mancautious, moderate, plausible, and conciliatory. His Cabinet was weakened by division, the most agitating topic of the day being an open question with its membersEldon, Wellington, and Peel voting with him on one side, Canning and his friends on the other. His practical wisdom was shown in so far yielding to the spirit of the times as to admit Mr. Canning into the Cabinet on the death of Lord Londonderry, though he found great difficulty in overcoming the repugnance of the king to this arrangement. In the same spirit he had admitted the Grenvilles to a responsible share in the Administration. Had he been a man of more decision of character and more energetic will, he would have been more one-sided and straightforward, and that would not have suited a time of great transition and changes of political currents. During his long tenure of office new ideas were fermenting in the public mind. The people had become impatient of class legislation, and were loudly demanding greater influence in the legislation of the country, greater security for their rights, and freer scope for their industry. They had the most powerful advocates in the press and in Parliament, where Henry Brougham stood foremost among their champions, incessantly battling for their cause. The Conservatives were entrenched behind the bulwarks of monopoly, which were assailed with a frequency and determination that, it was foreseen by the wisest of their defenders, nothing could ultimately resist. Lord Liverpool, with great tact and prudence, managed to postpone the hour of surrender so long as he was in command of the fortress. He had yielded one outwork after another, when resistance was no longer possible, but the value of his services in retaining the rest was not fully appreciated till he was disabled and placed hors de combat. Without any far-reaching sagacity, he could estimate the relative value of existing social and political forces, and, weighing all the circumstances, determine what was the best thing to be done, the best of several courses to adopt here and now. He felt that Catholic Emancipation and Parliamentary Reform might be still safely resisted, and here he was loyal to his party; but on questions of currency, Free Trade, and navigation, he went readily with his Liberal supporters.
FORE:This was sufficient warning to Cabinets not to meddle with this tabooed subject; but Grattan continued, year after year, to bring the question forward, though often defeated by great majorities. In his speech in 1808 Grattan introduced the idea of giving his Majesty a veto on the appointment of Catholic bishops. It appears that this proposition had the approval of the Irish Catholic bishops, but the Irish priests made a determined stand against it. In 1810 and 1811 the motion was thrown out by strong majorities.

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FORE:The king rejoiced too soon. The announcement to the public of the queen's death was the knell of the popularity which he had recently acquired. There was an immediate and powerful reaction in the public mind against the king, which was strengthened by the ungracious measures adopted in connection with her funeral. There was a clause in her will to this effect:"I desire and direct that my body be not opened, and that three days after my death it be carried to Brunswick for interment; and that the inscription on my coffin be, 'Here lies Caroline of Brunswick, the injured Queen of England.'" The Government were very anxious to have the corpse sent out of the kingdom immediately, in order that its presence might not interfere with the festivities in Ireland; they therefore wished to have the remains dispatched at once to Harwich for embarkation. Lady Hood appealed in vain to Lord Liverpool for some delay on the ground that the queen's ladies were not prepared to depart so soon, at the same time protesting against any military escort. The military guard was an ostensible honour; but its real object was to prevent popular manifestations detrimental to the Government in connection with the funeral. The friends of the queen could not even learn by what route the body would be conveyed. It should have gone through the City, where the Lord Mayor and Corporation announced their intention of following the hearse; but to prevent that honour, it was ordered that the corpse should be sent round by the New Road[218] to Romford. The funeral passed from Hammersmith to Kensington Church without obstruction; there the conductors were turning off from the way to the City, in order to get into the Bayswater Road, when they were met by a loud cry of wrath and execration from the multitude. In a few minutes the road was dug up, barricaded, and rendered impassable. The Life Guards and the chief magistrate of Bow Street appeared, and seeing the impossibility of forcing a passage, they ordered the cortge to proceed on the direct route through the City, amidst thundering shouts of victory that might have appalled the king had he heard them. In the meantime the multitude had been rushing through the parks in mighty surging masses, now in one direction and now in another, according to the varying reports as to the course the procession was to take. Orders had been issued from the Government that it should go through the Kensington gate of Hyde Park, but the people closed the gates, and assumed such a fierce and determined attitude of resistance that the authorities were again compelled to give way, and again the popular shouts of victory sounded far and wide. Peremptory orders were given by the Government to pass up the Park into the Edgware Road, either by the east side or through Park Lane. In the effort to do this the line of procession was broken, the hearse was got into the Park, and hurried onwards to Cumberland Gate; but the people had outrun the military, and again blocked up the way in a dense mass. Here a collision ensued: the populace had used missiles; the military were irritated, and having had peremptory orders, they fired on the people, wounding many and killing two. But the people, baffled for the moment, made another attempt. At Tottenham Court Road the Guards found every way closely blocked up, except the way to the City. In this way, therefore, they were compelled to move, amidst the exulting shouts of the multitude. Seeking an outlet to the suburbs at every turn in vain, the procession was forced down Drury Lane into the Strand. The passage under Temple Bar was accompanied by the wildest possible excitement and shouts of exultation. The Corporation functionaries assembled in haste and accompanied the funeral to Whitechapel. On the whole way to Romford, we read, that not only the direct, but the cross roads, were lined with anxious spectators. The shops were closed, the bells were tolling, mourning dresses were generally worn, and in every direction symptoms abounded of the deep feeling excited by the death of the queen. The funeral cortge rested for the night at Colchester, the remains being placed in St. Peter's Church. There the plate with the inscription "injured Queen" was taken off, and another substituted. At Harwich the coffin was unceremoniously conveyed to the Glasgow frigate. At length the remains arrived at their last resting-place in a vault beneath the cathedral at Brunswick.

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  • THREE:An armistice was arranged with Piedmont, which lasted throughout the autumn and winter. The events at Rome and the flight of the Pope had meanwhile greatly altered the position of the Italian question; and the revolutionary spirit was so strong that Charles Albert found it impossible to resist the demand of his people for a renewal of hostilities. "I must restore war," he said, "or abdicate the crown and see a republic established." He opened his Parliament in person on the 1st of January, 1849, when he delivered a lengthy speech, in which he fully expounded his policy. He invited the nation to co-operate in the great struggle which was impending. In January, the Sardinian Prime Minister, M. Gioberti, addressed a protest to the foreign Powers, in which he stated that though the suspension of hostilities agreed to on the 5th of August, 1848, was productive of fatal political consequences, Sardinia had faithfully observed the agreement, while Austria had disregarded her promises, and exhibited nothing but bad faith. She had pursued an iniquitous system of spoliation. Under the name of extraordinary war contributions her fleet seized Italian vessels navigating the Adriatic. She had put to death persons whose safety was guaranteed by the law of nations. She had violated the most sacred compacts in a manner unparalleled in the annals of civilised nations. Gioberti, however, who was obnoxious to the republican party, was compelled to resign. On the 24th of February the new Ministry[586] issued a programme of its policy, and on the 14th of March M. Ratazzi, Minister of the Interior, announced to the Chamber of Deputies the expiration of the armistice, declaring that no honourable peace with Austria could be expected unless won by arms. War would, of course, have its perils; but between those perils and the shame of an ignominious peace, which would not insure Italian independence, the king's Government could not hesitate. Consequently, he stated that, two days before, a special messenger had been sent to Radetzky, announcing the termination of the armistice. He was perhaps justified by the declaration of the Austrian envoy to London, Count Colloredo, that Austria would not enter into any sort of conference unless she was assured that no cession of territory would be required. The king, meanwhile, had joined the army as a general officer, commanding the brigade in Savoy. The nominal strength of his army at that time was 135,000 men; but the muster-roll on the 20th of March showed only about 84,000 effective troops, including 5,000 cavalry, with 150 guns. Radetzky had under his command an army equal in number, but far superior in equipment and discipline. He at once broke Charles Albert's lines; drove him to retreat upon Novara, where he utterly defeated him. Abdication only remained for the king, and his son, Victor Emmanuel, concluded peace on terms dictated by Austria. The King of Sardinia was to disband ten military corps composed of Hungarians, Poles, and Lombards. Twenty thousand Austrian troops were to occupy the territory between the Po, the Ticino, and the Sesia, and to form one half of the garrison of Alessandria, consisting of 6,000 men, a mixed military committee to provide for the maintenance of the Austrian troops. The Sardinians were to evacuate the duchies of Modena, Piacenza, and Tuscany. The Piedmontese in Venice were to return home, and the Sardinian fleet, with all the steamers, was to quit the Adriatic. In addition to these stipulations, Sardinia was to indemnify Austria for the whole cost of the war. These terms were accepted with great reluctance by the Piedmontese Government, and with even more reluctance by the Genoese, who revolted, and had to be suppressed by the royal troops.

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FORE:The audacity of Buonaparte still further excited the indignation of the British Government. Under the name of consuls, he sent over to England and Ireland a number of military officers, whose real business was to act as privileged spies, to prepare plans of all the chief ports, with soundings, and an exact account of the winds with which vessels could go out or come in with most ease, and also at what draught of water the harbours might be entered by large vessels. These agents had been instructed to maintain the utmost secrecy as to their real objects, but they became known, and Ministers announced that any person coming in such a character to this country should be ordered instantly to quit it. Neither was the temper of the nation at all improved by the irritating proceedings of the French authorities on the coasts of France. A law had been passed by the Jacobins, in the most rabid time of the Revolution, condemning any vessel under a hundred tons burden found within four leagues of the French shores, having on board British merchandise. It was taken for granted that this decree was virtually annulled by the Peace of Amiens; but repeated seizures were now made of British merchant vessels driven by stress of weather on the French coasts, and the mere fact of having plates, knives, and forks for the crew, of British make, was used as a plea for confiscation of ships. It was in vain that remonstrances were made to the First Consul: they passed without notice. Such a peace it was evident could not last long. Napoleon was in a mood to brook no control from any quarter; he at this time showed how completely he would crush any creature who offended him when he had the power.The anti-Gallic spirit was at the same time made violent use of to crush opinion at home. It is true that there was a foolish zeal on behalf of the French Revolution in a certain portion of the British public, which ought, by this time, to have been cooled by the too obvious nature and tendency of that Revolution; but this might readily have been prevented from doing harm by a fair exposure of the folly of the admirers of so bloody and dishonest a system as that of the French Jacobins. But it was more in accordance with the spirit of Government at that time to endeavour to crush the freedom of the press and of speech, under cover of the repression of a Gallic tendency. The persecution began in Scotland.

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FORE:The name of the prisoner was Edward Oxford. He was about eighteen years of age, and of an[472] unprepossessing countenance. He was a native of Birmingham, which town he had left nine years before. He was last employed at a public-house, "The Hog in the Pond," at the corner of South Molton Street and Oxford Street. His trial for high treason was begun in the Central Criminal Court on Thursday, July 9th, and ended next day. The judges were Lord Denman, Baron Alderson, and Justice Patteson. The jury returned the following special verdict:"We find the prisoner, Edward Oxford, guilty of discharging the contents of two pistols, but whether or not they were loaded with ball has not been satisfactorily proved to us, he being of unsound mind at the time." An argument followed between counsel as to whether this verdict amounted to an absolute acquittal, or an acquittal on the ground of insanity. Lord Denman said that the jury were in a mistake. It was necessary that they should form an opinion as to whether the pistols were loaded with bullets or not; but it appeared they had not applied their minds to that point, and therefore it would be necessary that they should again retire, and say aye or no. Did the prisoner fire a pistol loaded with ball at the Queen? After considerable discussion upon the point, the jury again retired to consider their verdict. During their absence the question was again argued, and it appeared to be the opinion of the judges that the jury were bound to return a verdict of "Guilty" or "Not Guilty" upon the evidence brought before them. After an absence of an hour they returned into court, finding the prisoner "guilty, he being at the same time insane." The sentence was that he should be imprisoned during her Majesty's pleasure, according to the Act 40 George III., providing for cases where crimes were committed by insane persons.

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FORE:The king had a stormy and rather perilous passage across the Channel. Mr. Freemantle sarcastically alludes to the feelings of the royal passenger in connection with this voyage:"The king in his journey home overtook Lord and Lady Harcourt, now the bosom friends of Lady Conyngham, stopped them, got out of his carriage, and sat with them for a quarter of an hour on the public road, recounting all his perilous adventures at sea, and flattering reception in Ireland. Lady Harcourt told me his pious acknowledgment for his great escape of being shipwrecked was quite edifying, and the very great change in his moral habits and religious feelings was quite astonishing, and all owing to Lady Conyngham." On his return to London, after a visit to Hanover, the king devoted himself to a life of seclusion for a considerable time, during which it appears that the Marchioness of Conyngham maintained an ascendency over him most damaging to his character and Government. She had not only made the royal favour tributary to the advancement of her own family, but she meddled in political affairs with mischievous effect. "Had it been confined to mere family connections," writes Robert Huish, "no voice, perhaps, would have been raised against it; but when the highest offices in the Church were bestowed on persons scarcely previously heard ofwhen political parties rose and fell, and Ministers were created and deposed to gratify the ambition of a femalethen the palace of the king appeared as if surrounded by some pestilential air. The old hereditary counsellors of the king avoided the Court, as alike fatal to private probity and public honour. The entrance to Windsor Castle was, as it were, hermetically sealed by the enchantress within to all but the favoured few. The privilege of the entre was curtailed to the very old friends of the king, and even the commonest domestics in the castle were constrained to submit to the control of the marchioness. The Court of George IV. certainly differed widely from that of Charles II., although the number and[221] reputation of their several mistresses were nearly the same in favour and character; but George IV. had no confiscations to confer on the instruments of his pleasures."

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THREE:The Allies now determined to close in on all sides, and compel the French to a surrender. But Buonaparte, after some man?uvres to bring Blucher to actionthat general and the Crown Prince of Sweden having crossed to the left bank of the Elbefound it at length necessary to retreat to Leipsic. He reached that city on the 15th of October, and learned, to his great satisfaction, that whilst his whole force would be under its walls within twenty-four hours, the Austrians were advancing considerably ahead of the Prussians; and he flattered himself that he should be able to beat the Austrians before the other Allies could reach them.

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THREE:ADMIRAL RODNEY BOMBARDING LE H?VRE. (See p. 132.)In Ireland the magistrates acted on the circular, and on the 23rd of February, 1811, two magistrates proceeded to disperse the Catholic committee in Dublin. They were told by the committee that they were sitting simply for the purpose of petitioning Parliament, and they did not venture to interrupt it. The movement went on all over Ireland, the committees were numerously attended, and, notwithstanding a proclamation from Dublin Castle commanding the magistrates everywhere to disperse all such gatherings, in Dublin the general committee, numbering nearly three hundred persons, met in Fishamble Street on the 19th of October. Police were sent to disperse them, but on arriving they had already signed the petition, and were coming away amid a vast concourse of spectators. Several persons were arrested and tried, but the juries returned verdicts of "Not Guilty."
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TWO:SCENE AT THE "SURRENDER" BANQUET IN DERRY. (See p. 287.)The fire raged with unabated fury from the 14th till the 19thfive days. Then the city lay a heap of burning ashes. All the wealth which was left behind was burnt or melted down. But there could be no stay at Moscow, for all their provisions had to be brought from distant districts by water carriage in summer, and on sledges in winter. But, as the Russian population had fled, the Russians were only too glad to starve out the French. Not a single article of food came near the place. Alexander returned no answer to Buonaparte's letter. The pledge which he might have made some concessions to redeem had been destroyed by his own orders, and Buonaparte had now nothing to offer worthy of his attention. He and his army were awaiting the attack of the wintry elements to join them in the extermination of the invaders. Buonaparte dispatched General Lauriston to Alexander with fresh offers; but Alexander refused to see him, and turned him over to Kutusoff, who flattered him with hopes and professions of desire for peace, in order to put off the time, for every day nearer to winter was a[48] day gained of incalculable importance. But he said that he must send Napoleon's letter to St. Petersburg, to the Czar, and await his reply. This was on the 6th of October, and the reply could not be received before the 26th; there was nothing for it but to wait, and Lauriston waiteda fatal delay for the French!
TWO:
TWO:If the man who turnips cries,
TWO:[152]
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TWO:The country societies were pointed out "as principally to be found in the neighbourhood of Leicester, Loughborough, Nottingham, Mansfield, Derby, Chesterfield, Sheffield, Blackburn, Manchester, Birmingham, Norwich, Glasgow, and its vicinity; but," it added, "they extend, and are spreading in some parts of the country, to almost every village." The report of the Commons went over much the same ground, dwelling particularly on the Hampden Clubs as avowed engines of revolution. It dwelt on the acts and activity of the leaders, of the numbers which they had seduced and were seducing, the oaths which bound them together, and the means prepared for the forcible attainment of their objects, which were the overthrow of all rights of property and all the national institutions, in order to introduce a reign of general confusion, plunder, and anarchy.
TWO:THE CAPTURE OF THE "CAROLINE." (See p. 446.) "Believe me, ever yours most sincerely,
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COPENHAGEN.The greater part of the House, as well as the public out of doors, were captivated with the scheme, which promised thus easily to relieve them of the monster debt; but Sir Grey Cooper was the first to disturb these fairy fancies. He declared that the whole was based on a fallacious statement; that it was doubtful whether the actual surplus was as described; but even were it so, that it was but the surplus of a particular year, and that it was like the proprietor of a hop-ground endeavouring to borrow money on the guarantee of its proceeds in a particularly favourable year. Fox, Burke, and Sheridan followed in the same strain. They argued that, supposing the assumed surplus actually to exist, which they doubted, it would immediately vanish in case of war, and a fresh mass of debt be laid on.[315] Sheridan said, the only mode of paying off a million a year would be to make a loan of a million a year, for the Minister reminded him of the person in the comedy who said, "If you won't lend me the money, how can I pay you?" On the 14th of May he moved a string of fourteen resolutions unfavourable to the report of the Committee, which he said contained facts which could not be negatived; but the House did negative them all without a division, and on the 15th of May passed the Bill. In the Lords it met with some proposals from Earl Stanhope, which were to render the violation of the Act equivalent to an act of bankruptcy, but these were negatived, and the Bill was passed there on the 26th. It was not until 1828 that the fallacy on which the Bill rested was finally exposed by Lord Grenville, who, curiously enough, had been chairman of the Committee which recommended its adoption.But the Queen's Bench was by no means disposed to surrender its own privileges, even to the House of Commons. On the 24th of January Sir William Gossett, Serjeant-at-Arms, appeared at the bar of the House, and said that he had last[470] evening been served with a writ of Habeas Corpus, commanding him to bring up the bodies of the sheriffs, William Evans, Esq., and John Wheelton, Esq., then in his custody. The Attorney-General rose, and said he had no hesitation in advising the House to direct the Serjeant-at-Arms to return answer to the Court of Queen's Bench that he held these two individuals in custody by the warrant of the Speaker. He then moved a resolution to that effect, which was adopted, and the Court of Queen's Bench acquiesced.
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