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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.Great attention during this reign was devoted to the manufacturing of clocks and watches. To such eminence had the English manufacture of watches arrived, that in 1799 it was calculated that the value of watches and marine chronometers alone manufactured in and around London amounted to a million of money yearly. In 1762 John Harrison claimed the reward offered by Act of Parliament for a chronometer which would ascertain the longitude within sixty, forty, or thirty miles. For the least accurate of these the reward was ten thousand pounds, for the next more accurate fifteen thousand pounds, and for the best twenty thousand pounds. Harrison produced a chronometer which, after two voyages to the West Indies, entitled him to the highest prize, but a fresh Act of Parliament was passed, refusing him more than two thousand five hundred pounds until he had made known the principle of his invention, and assigned his chronometer for the public use. Even when these new terms were complied with he was only to receive ten thousand pounds, and the remainder on the correctness of the chronometer having been sufficiently tested. Harrison very justly complained of these new stipulations, and of the delays thus interposed; but in 1767, nine years before his decease, he obtained the full amount of the premium. In 1774 a premium of five thousand pounds was offered by Act of Parliament for a chronometer that should ascertain the longitude within one degree of a great circle, or sixty geographical miles; seven thousand five hundred pounds for one that would ascertain the longitude within two-thirds of that distance; and ten thousand pounds for one that would ascertain it within half a degree. This called out the efforts of various competitorsHarrison, Meadge, Kendal, Coombe, and numbers of others. In 1777 Meadge produced two, which were submitted to the test of the Astronomer-Royal, Dr. Maskelyne, and pronounced unfavourably upon; but Meadge petitioned Parliament against this decision, and, on the report of a committee on his chronometers, he was awarded a premium of two thousand five hundred pounds.

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ONE:Pitt dead, there remained a difficulty of no ordinary kind in the construction of a new Cabinet. Various persons were applied to to fill the arduous post of prime minister, who all declined, knowing the powerful opposition which would be arrayed against them by coalescing parties. Amongst these were Lord Hawkesbury, Sidmouth, and the Marquis Wellesley, who had just returned from India. There was nothing for it, then, but to endeavour to diminish the opposition of all parties by bringing in some of all parties, and hence the construction of the Ministry of "All the Talents." Grenville assumed the helm as First Lord of the Treasury, and, of course, brought in Fox, notwithstanding the repugnance of the king. Fox became Secretary for Foreign AffairsFox, who had so long and so vehemently condemned the whole of Pitt's foreign policy. Sidmouth, though refusing the responsibility of the Premiership, accepted the office of Privy Seal; Lord Fitzwilliam became Lord President of the Council; Grey, now Lord Howick, First Lord of the Admiralty; Lord Moira, Master-General of the Ordnance; Lord Spencer, Secretary of State for the Home Department; Windham, Secretary for the Colonies; Lord Henry Petty, Chancellor of the Exchequer; Erskine, Lord Chancellor; and Sir Gilbert Elliot, now made Lord Minto, President of the Board of Control. Sheridan was not placed in the Cabinet, because he had not been found staunch to any party, and because, in his daily drunken fits, he was likely to disclose State secretsas if, said he, there were any secrets to be disclosed. Lord Auckland was made President of the Board of Trade, and Lord Temple Vice-President. Temple, also, was made joint Paymaster of the Forces with Lord John Townshend, and General Fitzpatrick Secretary at War. In the law departments, Lord Ellenborough, the Chief Justice of the King's Bench, had, though quite out of rule, a seat in the Cabinet; Pigott became Attorney-General, Sir Samuel Romilly Solicitor-General. The Duke of Bedford was enabled to gratify his dependents by being appointed Lord-Lieutenant of Ireland. Such was the Ministry of "All the Talents," amongst whom, however, did not appear Canning, who had more talent than three-fourths of them. It was clear that such a Ministry could not long hold together. There were scarcely two of them who did not cherish the most irreconcilable views. Fox, at the instigation of Francis, was desirous to call in question the proceedings of Lord Wellesley in India, and Lord Grenville was as resolute against it. Windham, Grenville, Fox, and Sidmouth held, every one of them, different notions of foreign policy. Fox and some others were advocates of Catholic emancipation; Sidmouth was utterly averse from it. Then, how were so many heads to find comfortable berths for their followers?

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THREE:THE MOB BOARDING THE GRAIN SHIP AT GARRY KENNEDY. (See p. 484.)
THREE:The restless Englishman, much more like a Frenchman in temperament and character than a native of England, had married Madame de Villette, a niece of Louis XIV.'s last mistress, Madame de Maintenon, a lady rich and well-trained in all the Court life of Paris. By this means Bolingbroke was brought into close connection with that Court. The notorious Cardinal Dubois had died in August, 1723, and in less than four months died also the Duke of Orleans, the Regent. Louis XV. being nominally of age, no other Regent was appointed; but the Duke of Bourbon, a man of better character but of less ability than the Regent, Orleans, was Prime Minister. He was greatly under the influence of his bold and ambitious mistress Madame de Prie; and Bolingbroke, who was high in the favour of both Minister and mistress, flattered himself that, with the aid of his courtier wife, he could govern both them and France.THE QUEEN'S FIRST COUNCIL.

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THREE:There was little for our fleets in various quarters to do but to watch the coasts of Europe where France had dominions for any fugitive French vessel, for the ships of France rarely dared to show themselves out of port. In March, however, Captain William Hoste fell in with five French frigates, with six smaller vessels, carrying five hundred troops up the Adriatic, near the coast of Dalmatia, and with only four frigates he encountered and beat them. Captain Schomberg fell in with three French frigates and a sloop off Madagascar, seized one of them, and followed the[20] rest to the seaport of Tamatave, in the island of Madagascar, of which they had managed to recover possession. Schomberg boldly entered the port, captured all the vessels there, and again expelled the French from Tamatave. On the American coast our ships were compelled to watch for the protection of our merchantmen and our interests, in consequence of the French mania which was prevailing amongst the North Americans, and which was very soon to lead to open conflict with us.

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THREE:On the 4th of May, 1789, Versailles was crowded by immense masses of people from Paris and the country round, to see the grand procession of the deputies of the three Orders advancing from the church of Notre Dame to that of St. Louis. The whole of the costumes, the order of march, and the spectacle had been carefully studied by the Court, so as to impress deeply the distinctions of the three Orders, and to humiliate the Tiers tat. The evening before, the deputies had waited on the king, and even then he had greatly incensed those of the Tiers tat who came most favourably disposed to him. Even whilst he[359] hoped to obtain essential advantages from the people against the presumption of the privileged orders, Louis or his advisers could not refrain from humiliating the Third Estate. Instead of receiving the deputies in one body, they had been carefully separated; the clergy were received first, the nobles next, and then, not till after a considerable pause, the Tiers tat. Now, on the great morning, all Paris and the vicinitythousands from distant townswas astir. The streets of Versailles were lined with French and Swiss guards and made gay with garlands of flowers, and from the windows hung rich tapestries. The balconies and windows were crowded with spectators of all ages and both sexesthe handsomest ladies gorgeously attired. The deputies, instead of one thousand, amounted to one thousand two hundred. First marched the members of the Tiers tat, six hundred in number, all clad in plain black mantles, white cravats, and slouched hats. Next went the nobles in black coats, but the other garments of cloth of gold, silk cloak, lace cravat, plumed hat turned up la Henry IV.; then the clergy, in surplice, with mantle, and square cap; the bishops in their purple robes, with their rochets. Last came the Court, all ablaze with jewels and splendid robes; the king in good spirits, the queen anxious, and dimly conscious even then of the miseries that were to follow. Her eldest son, the Dauphin, was lying at the point of death in the palace, and her reputation was being daily murdered by atrocious calumnies. Yet still Marie Antoinette, the daughter of the great Maria Theresa, the once light-hearted, always kind and amiable woman, was the perfect queen in her stately beauty. Two things were remarkedthe absence of Siys, and the presence of Mirabeau, two men who had already become popular leaders. Siys had not yet arrived; Mirabeau drew all eyes. His immense head of hair; his lion-like appearance, marked by an ugliness quite startling, almost terrifying; the spectators seemed fascinated by his look. He marched on visibly a man; the rest, compared with him, were mere shadows.It remained for Austria to put down the revolution in Venice. That city had bravely stood a siege for nearly twelve months, when, after wonderful displays of heroism, its defenders were at last compelled to relinquish the unequal contest. This glorious defence was mainly owing to the extraordinary energy and activity of Manin, who was at the head of the Government. After the capitulation he escaped with General Hesse and other leaders of the Republican party. Manin settled in Paris, where he lived in retirement, supporting himself by giving lessons in Italian. He died there in 1857. The people of Venice honoured his memory by going into mourning on the anniversary of his death, though, by doing sosuch is the meanness of maliceeven ladies incurred the penalties of fine and imprisonment at the hands of the Austrians.
FORE:Who would be free, themselves must strike the blow?"

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FORE:Vol IV CHAPTER I THE REIGN OF ANNE (concluded).But, in the first place, he announced to the Queen of Etruria, whom he had hitherto allowed to retain her Italian territory in right of her infant son, that she must give that up and accept the kingdom of Northern Lusitania in Portugal. This princess had an ominous persuasion that her son would never possess, or, if he possessed, would never retain this Northern Lusitania; but she had no alternative and, in the month of June following, the kingdom of Etruria was converted into three new departments of France. This having been arranged, this setter-up and puller-down of kingdoms proceeded to compel the Pope to adopt his system. Pius VII. did not seem disposed to comply. He had no quarrel with Britain; had no advantage, but much the contrary, in depriving his subjects of articles of British manufacture; besides that, amongst the numerous adherents of the Church in Ireland he would create great prejudice. But all these reasons had no more weight with the haughty egotism of Buonaparte than so much air. He forced his troops into the Papal territories; threw a strong body into Ancona on the Adriatic, and another into Civita Vecchia, and at the mouth of the Tiber. The Pope protested against the violent invasion of his principality, but in vain; Buonaparte insisted that he should declare war against Britain. Pius then consented to close his ports, but this did not satisfy Napoleon; he demanded that war should be declared, pronouncing himself the heir of Charlemagne, and therefore suzerain of the Pope, and he demanded compliance. On the Pope continuing obstinate, Buonaparte forced more troops into his States, and sent General Miollis to take possession of Rome. This accordingly was done in February, 1808. The Pope shut himself up in the Quirinal palace, and the French surrounded him with troops and cannon, and held him prisoner to compel him to comply. The Pope, though shut up in the Quirinal and deprived of his cardinals, remained unshaken, and protested solemnly against this violent usage and robbery by the man whom he had consented to crown and to make a concordat with. When the magistrates and priests of the Marches were called on to take the oath of allegiance to Napoleon, they refused almost unanimously, and were driven out of the States, or shut up in prisons and fortresses in the Alps and Apennines.

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FORE:This proclamation was speedily followed by the steady march of soldiers to various quarters. At one moment was heard the loud roar of innumerable voices in the full commission of outrage, and at the next the rattle of musketry and the shrieks of the wounded and dying, followed by a strange silence. The first troops who commenced the bloody duty of repression were the Northumberland militia, who had come that day by a forced march of twenty-five miles, and who were led by Colonel Holroyd against the rioters at Langdale's distillery in Holborn. A detachment of the Guards at the same time drove the mob from the possession of Blackfriars Bridge. Numbers were there killed, or were forced by the soldiers or their own fears over the parapet of the bridge, and perished in the Thames. Where the mob would not disperse, the officers now firmly gave the word of command, and the soldiers fired in platoons. Little resistance was offered; in many quarters the inhabitants, recovering their presence of mind, armed themselves, and came forth in bodies to assist the soldiers. The number of troops now assembled in and around London amounted to twenty-five thousand, and before night the whole city was as quietfar quieter, indeedthan on ordinary occasions, for a sorrowful silence seemed to pervade it; and besides two hundred men shot in the streets, two hundred and fifty were carried to the hospitals wounded, of whom nearly one hundred soon expired. But these bore no proportion to the numbers who had fallen victims to their own excesses, or who had been buried under the ruins of falling buildings, or consumed in the flames in the stupor of intoxication. The king's decision had saved London.

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FORE:Warren Hastings had saved Madras and the Carnatic, but only at the cost of extortion. To obtain the necessary money, he began a system of robbery and coercion on the different princes of Bengal and Oude. The first experiment was made on Cheyte Sing, the Rajah of Benares, who had been allowed to remain as a tributary prince when that province was made over to the British by the Nabob of Oude. The tribute had been paid with a regularity unexampled in the history of India; but when the war broke out with France, Hastings suddenly demanded an extraordinary addition of fifty thousand pounds a year, and as it was not immediately paid, the Rajah was heavily fined into the bargain. This was rendered still more stringent in 1780, when the difficulties in Madras began. Cheyte Sing sent a confidential agent to Calcutta, to assure Hastings that it was not in his power to pay so heavy a sum, and he sent him two lacs of rupees (twenty thousand pounds), as a private present to conciliate him. Hastings accepted the money, but no doubt feeling the absolute need of large sums for the public purse, he, after awhile, paid this into the treasury, and then said to Cheyte Sing that he must pay the contribution all the same. He compelled the Rajah to pay the annual sum of fifty thousand pounds, and ten thousand pounds more as a fine, and then demanded two thousand cavalry. After some bargaining and protesting, Cheyte Sing sent five hundred horsemen and five hundred foot. Hastings made no acknowledgment of these, but began to muster troops, threatening to take vengeance on the Rajah. In terror, Cheyte Sing then sent, in one round sum, twenty lacs of rupees (two hundred thousand pounds) for the service of the State; but the only answer he obtained for the munificent offering was, that he must send thirty lacs more, that is, altogether, half a million.

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FORE:By the terms of the Treaty of Tilsit, Prussian Poland was taken away, but not to be incorporated with a restored Poland, as Buonaparte had delusively allowed the Poles to hope. No; a restored Poland was incompatible with a treaty of peace with Russia, or the continuance of it with Austria. It was handed over to the Duke of Saxony, now elevated to the title of the King of Saxony and Duke of the Grand Duchy of Warsawthe name which Prussian Poland assumed. The duped Polish patriots cursed Buonaparte bitterly in secret. Alexander, with all his assumed sympathy for his fallen cousins of Prussia, came in for a slice of the spoil, nominally to cover the expenses of the war. Dantzic, with a certain surrounding district, was recognised as a free city, under the protection of Prussia and Saxony; but Buonaparte took care to stipulate for the retention of a garrison there till the conclusion of a general peace, so as to stop out any British armament or influence. To oblige the Emperor of Russia, he allowed the Dukes of Saxe-Coburg, Oldenburg, Mecklenburg-Schwerin, who were the Czar's relations, to retain possession of their territories; but he returned to Prussia only about one-half of the provinces which he had seized, reducing her very much to the limits in which Frederick the Great had found her before his usurpations. She surrendered her provinces between the Rhine and the Elbe, which, together with Hesse, Brunswick, and part of Hanover, were formed into the kingdom of Westphalia and given to Jerome Buonaparte. She was saddled by a crushing war indemnity, and had to leave Berlin and the chief fortresses in the hands of the French until the debt was paid. In the articles of the Treaty which were made public, Alexander paid a nominal courtesy to his ally, Great Britain, by offering to mediate between her and France, if the offer were accepted within a month; but amongst the secret articles of the Treaty was one binding the Czar to shut his ports against all British vessels, if this offer were rejected. This was a sacrifice demanded of Alexander, as Great Britain was Russia's best customer, taking nearly all her raw or exported produce. In return for this, and for Alexander's connivance at, or assistance in, Buonaparte's intention of seizing on Spain and Portugal, for the taking of Malta and Gibraltar, and the expulsion of the British from the Mediterranean, Alexander was to invade and[546] annex Finland, the territory of Sweden, and, giving up his designs on Moldavia and Wallachia, for which he was now waging an unprovoked war, he was to be allowed to conquer the rest of Turkey, the ally of Napoleon, and establish himself in the long-coveted Constantinople. Thus these two august robbers shared kingdoms at their own sweet will and pleasure. Turkey and Finland they regarded as properly Russian provinces, and Spain, Portugal, Malta, Gibraltar, and, eventually, Britain, as provinces of France.

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FORE:Of the coinage of this reign little is to be said. It was of the most contemptible character till Boulton and Watt, as already mentioned, struck the copper pence in 1797 in a superior style. In 1818 was issued a gold and silver coinage, which was entrusted to a foreign artist, Pistrucci, and which was turned out of very unequal merit. Flaxman would have produced admirable designs, and there was a medallist of high talent, Thomas Wyon, who would have executed these designs most ably. In fact, the best part of the silver coinage was produced by Wyon, from the designs of Pistrucci.The production of copper during this period was so plentiful, that, though the great mines in Anglesea were not yet discovered, full liberty was given to export it, except to France. From 1736 to 1745 the mines of Cornwall alone produced about 700 tons annually, and the yearly amount was constantly increasing. A manufactory of brassthe secret of which mixture was introduced from Germany, in 1649was established in Birmingham, in 1748; and, at the end of this period, the number of persons employed in making articles of copper and brass was, probably, not less than 50,000. The manufacture of tinned iron commenced in Wales about 1730, and in 1740 further improvements were made in this process. Similar improvements were making in the refinement of metals, and in the manufacture of silver plate, called Sheffield plate. English watches acquired great reputation, but afterwards fell into considerable disrepute from the employment of inferior foreign works. Printing types, which we had before imported from Holland, were first made in England in the reign of Queen Anne, by Caslon, an engraver of gun-locks and barrels. In 1725 William Ged, a Scotsman, discovered the art of stereotyping, but did not introduce it without strong opposition from the working printers. Great strides were made in the paper manufacture. In 1690 we first made white paper, and in 1713 it is calculated that 300,000 reams of all kinds of paper were made in England. An excise duty was first laid on paper in 1711. Our best china and earthenware were still imported, and, both in style and quality, our own pottery was very inferior, for Wedgwood had not yet introduced his wonderful improvements. Defoe introduced pantiles at his manufactory at Tilbury, before which time we imported them from Holland. The war with France compelled us to encourage the manufacture of glass; in 1697 the excise duty, imposed three years before, was repealed, but in 1746 duties were imposed on the articles used in its manufacture, and additional duties on its exportation. The manufacture of crown glass was not introduced till after this period.

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The construction of public roads has been greatly improved in the United Kingdom by the general adoption of the plan of Mr. Macadam, who gave his name to the process of substituting stones broken small for the old rough pavement. We read with astonishment of the state of English roads a century ago, of carriages breaking down and sticking fast in deep ruts, and of days passed in a journey which now only occupies as many hours. Yet in early times England was better off in this respect than other countries. Of all the proofs of social progress which the country now exhibits to such a marvellous extent on every side, there is nothing more decisive or more wonderful than the rapidity with which we have improved and extended our internal communication. From 1818 to 1839 the length of turnpike roads in England and Wales was increased by more than 1,000 miles. In the former year England and Wales contained paved streets and turnpike roads to the extent of 19,725 miles. Scotland also made great progress in the construction of highways from the commencement of the century, and roads were thrown across the wildest districts in Ireland. By the improvement of the common roads, and in the construction of vehicles, stage coaches increased their speed from four to ten miles an hour. Upon the Stamp Office returns for 1834 a calculation was based which showed that the extent of travelling on licensed conveyances in that year would be equal to the conveyance of one person for a distance of 597,159,420 miles, or more than six times the distance between the earth and the sun. There were, in 1837, in England, fifty-four mail coaches drawn by four horses each, and forty-nine by two horses each, drawn at an average speed of nine miles an hour. Ireland had at the same time thirty four-horse mails, and Scotland ten.
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