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The unnatural state of things induced by the war had now brought about a great change in our currency. As we could manage to get in our goods to the Continent by one opening or another, but could not get the produce of the Continent in return, it would have appeared that we must be paid in cash, and that the balance of specie must be in our favour; but this was not the case. By our enormous payments to our troops in Spain, Portugal, and Sicily, as well as in the East and West Indies, and by our heavy subsidies, gold had flowed out of the country so steadily that there appeared very little left in it, and bank paper had taken its place. On the Continent, impoverished as they were, the people tenaciously clung to their gold, and Buonaparte alone could draw it from them in taxes. He always took a heavy military chest with him on his expeditions, and his officers also carried the money necessary for themselves in their belts, or otherwise about their immediate persons. The gold being enormously diminished in quantity in England, was carefully hoarded on all hands, thus again increasing the scarcity, and raising the value of it. The price of bullion had risen from twenty to thirty per cent., and here was a further strong temptation to hoard or send guineas to the melting-pot. This state of things led a certain class of political economists to call for a repeal of the Act for suspension of cash payments, and Francis Horner obtained a committee of inquiry into the causes of the decrease of gold and the increase of paper: and this committee came to the conclusion that the true cause of the evil lay in the excess of paper, and that the way to restrain it would be to allow the demand for gold at the Bank. But the truth was that the cause of the evil was not the excess of paper, but the enormous diminution of gold; and to have opened a legal demand for gold which could not be had would only have produced a panic, and a complete and horrible assassination of all credit and all business. But there were clearer-sighted men in Parliament, who declared that, though bullion had risen in price, bank-notes would still procure twenty shillings' worth of goods in the market, and that they were not, therefore, really depreciated in value. That was true, but guineas had, notwithstanding, risen to a value of five- or six-and-twenty shillings, and might be sold for that. Gold had risen, but paper had not fallen; and gold could not take the place of paper, because it did not, to any great extent, exist in the country; if it had, paper must have fallen ruinously. Mr. Vansittart and his party, therefore, moved resolutions that the resumption of cash payments being already provided for six months after the conclusion of peace, was an arrangement which answered all purposes, and ought not to be disturbed; that this would keep all real excess of paper in check, and leave gold to resume its circulation when, by the natural influence of peace, it flowed again into the country. These were, accordingly, carried.
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TWO:Clinton, having now united his forces at New York, directed his attention to the approach of the fleet of D'Estaing. This had sailed for the Delaware, expecting to find Lord Howe there; but, finding that he had sailed for New York, it followed him, and arrived there six days after him. The fleet of D'Estaing consisted of twelve sail-of-the-line and six frigates. Howe had only ten sail-of-the-line, and some of them of only forty or fifty guns, and a few frigates. Besides, D'Estaing had heavier metal, and ships in much better condition, for those of Howe were old and out of repair, and their crews were considerably deficient. Altogether, D'Estaing had eight hundred and fifty-four guns; Howe, only six hundred and fourteen. From D'Estaing's superiority of force it was quite expected that he would attack Howe; but he was dissuaded by the pilots from entering the harbour, and lay outside eleven days, during which time he landed the Ambassador. Lord Howe showed much spirit in preparing for an encounter, though he was daily in expectation of Admiral Byron with some additional ships, the Admiral coming to supersede him. He put his ships in the best order he could, and the English seamen hurried in from all quarters to man his vessels. A thousand volunteers came from the transports, and masters and mates of merchantmen offered their services. Just, however, when it was expected that D'Estaing would avail himself of the tide, on the 22nd of July, to enter the harbour, he sailed away for Rhode Island, and up the Newport river. In a few days Howe sailed in quest of D'Estaing. They found D'Estaing joined by Lafayette with two thousand American troops, and by General Sullivan with ten thousand more, and D'Estaing proposed to land four thousand from his fleet. The English garrison in Newport amounted to only five thousand men. But here a contest arose between D'Estaing and Sullivan for the supreme command, and this was not abated till Howe with his fleet hove in sight. Then D'Estaing stood out to sea, in spite of the remonstrances of Sullivan, Greene, and the other American officers. Lord Howe endeavoured to bring him to action, at the same time man?uvring to obtain the weather-gauge of him. In these mutual endeavours to obtain the advantage of the wind, the two fleets stood away quite out of sight of Rhode Island, and Sullivan commenced in their absence the siege of Newport. Howe, at length, seeing that he could not obtain the weather-gauge, determined to attack the French to leeward, but at this moment a terrible storm arose, and completely parted the hostile fleets, doing both of them great damage. D'Estaing returned into the harbour of Newport, but only to inform the Americans that he was too much damaged to remain, but must make for Boston to refit. Sullivan and the other officers remonstrated vehemently against his departure; but in vain. Scarcely had D'Estaing disappeared, when Sir Henry Clinton himself, leading four thousand men, arrived in Rhode Island, and Sullivan crossed to the mainland in haste. He blamed the French for the failure of the enterprise.From the 24th of September till the commencement of October Buonaparte continued to maintain himself at Dresden, though the Allies were fast gathering round him. Occasionally he made a rush from the city, and on one occasion pursued Blucher as far as Nollendorf, beyond Kulm; but these expeditions only served to exhaust his troops, without producing any effect on the enemy. As he chased one body on one side, others were closing up on other sides. Seeing that he could not remain long at Dresden, and that Bernadotte and Bülow had quitted the neighbourhood of Berlin, he suddenly conceived the design of marching rapidly on that city, and taking up his headquarters there; but this scheme met with universal disapprobation from his officers, and he was compelled to abandon it. He then continued for days, and even weeks, in a state of listless apathy, for hours together mechanically making large letters on sheets of paper, or debating some new schemes with his generals; but the only scheme to which they would listen was that of retreating to the left bank of the Rhine. In fact, they and the army were completely worn out and dispirited.
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THREE:On the 28th of September the combined army of French and Americans came in sight of York Town, and encamped about two miles from the outworks. The next morning they extended themselves towards the left of Cornwallis, but cautiously; and the English pickets slowly retired within the outer lines at their approach. That evening Cornwallis received a despatch from Sir Henry Clinton, dated September 24th, which gave the cheering expectation that he was duly sensible of the imminence of the danger, and of his responsibility. He said:"At a meeting of the general and flag officers held this day, it is determined that above five thousand men, rank and file, shall be embarked on board the king's ships, and the joint exertions of the navy and army made in a few days to relieve you, and afterwards to co-operate with you. The fleet consists of twenty-three sail of the line, three of which are three-deckers. There is every reason to hope that we start on the 5th of October." On this promising intimation of speedy aid, Cornwallis immediately drew in his small force from the extended outworks, and concentrated them within the entrenchments round the town. Undoubtedly it was a measure calculated to save much life, which must have been lost in defending outworks too widely extended for the enclosed force; but it encouraged the Americans, who did not expect to gain them thus easily. Two thousand men took up their ground before Gloucester. Round York Town itself Washington, Rochambeau, Lafayette, and St. Simon concentrated their forces. On the night of the 1st of October, the French on the right and the Americans on the left drew nearer, and commenced breaking ground. Six days were then spent in bringing from the ships fifty pieces of cannon, some of them very heavy, ammunition, and other military stores; in fact, as much preparation was made for carrying this single post as if it had been a regular and first-rate fortress. On the night of the 6th of October the French and Americans began casting up their first parallel within six hundred yards of Cornwallis's lines. By the 9th of October their trenches and batteries were completed, and that afternoon they opened a tremendous fire on the town. Cornwallis replied to them with vigour,[283] but he found many of his guns on the left silenced, and his works greatly damaged. On the night of the 11th the enemy began their second parallel within three hundred yards of the lines. In its progress, for three days, Cornwallis committed much havoc amongst them by opening fresh embrasures for guns, and pouring an incessant shower upon them of balls and shells. Two redoubts on the left flank of the British more particularly annoyed them, and Washington determined to carry these by storm. Of course they were carried, and their guns then turned on York Town.

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TWO:On the 28th Massena had discovered the pass of Boyalva through these hills, to the north of Busaco, which Wellington had ordered Colonel Trant to occupy. But Trant had missed his way, and did not reach the pass in time. Wellington saw, therefore, his flank turned, and the enemy on the highway to Oporto. He therefore quitted his position, and, taking Coimbra in his way, compelled such of the inhabitants as had not obeyed his order to march along with him. On the 1st of October he was on his route southward, accompanied by this strange crowd. It was a perfect exodus, and appeared to the poor inhabitants as a severe measure, but to it they owed their after-salvation. Had they remained, it would have been only to suffer the oppressions and insults of the French, and to see them supporting themselves on their provisions. As it was, the French, on entering Coimbra, found it, as they had done Viseu, totally deserted, and the stacks of corn and provision that could not be carried away, for the most part too adroitly buried to be easily found. They were left to the starvation that the English general designed for them. But what a scene on the road! The whole country moving south with the cattle and sheep, and waggons laden with their goods. "No power of description," said an eye-witness, "can convey to the mind of any reader the afflicting scenes, the[605] cheerless desolation that we daily witnessed on our march from the Mondego to the lines. Where-ever we moved, the mandate, which enjoined the wretched inhabitants to forsake their homes and to remove or destroy their little property, had gone before us. The villages were deserted; the churchesretreats so often, yet so vainly confided inwere empty; the mountain cottages stood open and untenanted; the mills in the valley, but yesterday so busy, were motionless and silent. From Thomar the flanks of our line of march were literally covered with the flying population of the country. In Portugal there are at no time many facilities for travelling, and those few the exigencies of the army had very greatly diminished. Rich indeed were those who still retained a cabriolet, and mules for its service. Those who had bullock-cars, asses, or any mode of transporting their families and property, looked contented and grateful; for respectable men and delicate women of the second class might on every side be seen walking slowly and painfully on foot, encumbered by heavy burdens of clothes, bedding, and food." It was a whole country in emigration; quitting their cities, homes, and fields to coop themselves up in the vicinity of Lisbon, for the stern purpose of starving the detested enemy out of the land.

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These defeats, which were gradually hemming Napoleon round by his enemies in Dresden, were the direct result of the active aid of Great Britain to the Allies. Sir Charles Stewart, the brother of Lord Castlereagh, had been dispatched to the headquarters of the Allies. By means of the abundant supplies of arms and money, the population of Hanover was raised; Bernadotte was kept firm to his support of the Coalition; and, by Sir Charles, he was also urged to march on Leipsic, and be present at the final conflict. Brigadier-General Lyon was sent to head the troops in Hanover; and the Duke of Cambridge to conduct the civil government of the country. Money was supplied in abundance, in addition to military stores. Two millions were advanced to the Crown Prince of Sweden for his army, two millions more to the Russians and Prussians, and another half million to Russia to equip its fleet in the Baltic. Without these vast supplies the combined armies could not have kept their ground.In a little time the Americans, recovering their spirits, returned to their guns, and plied them so well that they soon knocked the breastworks of sugar and treacle casks to pieces. As nothing[112] would tempt the Americans to show themselves from behind their cotton bales and embankments, after maintaining this murderous position for two whole nights and days, Pakenham drew back his men, sacrificing some of his guns, and formed a scheme of sending a detachment across the river to turn the batteries and then play them upon the enemy. But for this purpose it was necessary to cut a canal across the tongue of land on which the army stood, in order to bring up the boats required to carry the troops over the river. Major-General Lambert had arrived with reinforcements, so that against the American twenty thousand Pakenham had now about eight thousand men. All worked at the canal, and it was finished on the 6th of January. Colonel Thornton was to carry across the river one thousand four hundred men, and surprise the great flanking battery of eighteen or twenty guns, whilst Sir Edward Pakenham advanced against the lines in front. A rocket was to be thrown up by Pakenham when he commenced his assault, and Thornton was at that instant to make a rush on the battery and turn it on the enemy. But they had not sufficiently calculated on the treacherous soil through which they cut their canal. Thornton found it already so sludged up that he could only get boats through it sufficient to carry over three hundred and fifty men, and this with so much delay that, when Pakenham's rocket went up, he was still three miles from the batteryand that in broad daylightwhich he ought already to have taken. Unaware of this, Pakenham advanced against the chain of forts and ramparts. He had ordered ladders and fascines to be in readiness for crossing the canal, but by some gross neglect it was found that they were not there, and thus the whole of the British troops were exposed to the deadly fire of the American batteries and musketry. No valour was of any use in such circumstances; but Sir Edward cheered on the few but brave-hearted troops till the ladders and fascines could arrive; but ere this happened, Pakenham was killed. Generals Gibbs and Keane took the place of the fallen commander, and still cheered on their men; but it was only to unavailing slaughter: the American marksmen, under cover, and with their rifles on rest, picked off the British soldiers at their pleasure. Gibbs was soon killed and Keane disabled by a wound. In such circumstances the troops gave way and retired, a strong reserve protecting the rear; but out of gun-shot there was no further danger, for the Americans were much too cunning to show their heads beyond the protection of their defences.At length the Sikhs moved on to meet the British on the 18th of December. When they came in sight, the British bugles sounded, and the wearied soldiers, who had been lying on the ground, started up and stood to their arms. The Governor-General and the Commander-in-Chief rode from regiment to regiment, cheering the spirits of their men, and rousing them to the needful pitch of valour by encouraging exhortations. About two miles from Moodkee, Gough, at the head of the advanced guard, found the enemy encamped behind sandy hillocks and jungle, 20,000 strong, with forty guns, which immediately opened fire as he approached. The battlefield was a sandy plain, on which the view was obstructed by small hills, which prevented the belligerents from seeing one another till they were quite near. For some time the contest was maintained on both sides by the artillery. Then General Gough ordered the advance of a column of cavalrythe 3rd Light Dragoons, the 5th Light Cavalry, and the 4th Lancers. The column was launched like an immense thunderbolt against a mass of Sikh cavalry, and proved so irresistible in its terrific onset that it broke them up into fragments, scattered them about, and swept along the whole line of the enemy, cutting down the gunners, and suspending for a time the roar of their artillery. Soon afterwards the infantry came into action, led on by Sir Harry Smith, General Gilbert, and Sir John M'Caskill. The Sikhs fought bravely and obstinately at every point; but when the steady incessant fire of the artillery had done its work, a general charge was made, with loud, exultant cheers, and the enemy were driven from their ground with tremendous loss. The day had closed upon the battlefield, but the routed enemy were pursued for a mile and a half by the light of the stars.The approaching coronation of the Queen became, as the season advanced, the prevailing topic of conversation in all circles. The feeling excited by it was so strong, so deep, and so widespread, that a Radical journal pronounced the people to be "coronation mad." The enthusiasm was not confined to the United Kingdom. The contagion was carried to the Continent, and foreigners of various ranks, from all nations, flocked into the metropolis to behold the inauguration of the maiden monarch of the British Empire. There were, however, some dissentients, whose objections disturbed the current of public feeling. As soon as it was understood that, on the score of economy, the time-honoured custom of having the coronation banquet in Westminster Hall would not be observed, the Marquis of Londonderry and others zealously exerted themselves to avert the innovation, but their efforts were fruitless. The coronation took place on the 28th of June. The only novel feature of importance consisted in the substitution of a procession through the streets for a banquet in Westminster Hall. It was certainly an improvement, for it afforded the people an opportunity of enjoying the ceremony. Persons of all ages, ranks, and conditions, embodied visibly in one animated and exalted whole, exultant and joyful, came forth to greet the youthful Sovereign. All the houses in the line of march poured forth their occupants to the windows and balconies. The behaviour of the enormous multitude which lined the streets, and afterwards spread over the metropolis, was admirable. The utmost eagerness was shown to furnish all the accommodation for spectators that the space would allow, and there was scarcely a house or a vacant spot along the whole line, from Hyde Park Corner to the Abbey, that was not occupied with galleries or scaffolding. At dawn the population were astir, roused by a salvo of artillery from the Tower, and towards six o'clock chains of vehicles, of all sorts and sizes, stretched along the leading thoroughfares; while streams of pedestrians, in holiday attire, poured in continuously, so that the suburbs seemed to empty themselves of all their inhabitants at once. At ten o'clock the head of the procession moved from the palace. When the Queen stepped into the State coach a salute was fired from the guns ranged in the enclosure, the bands struck up the National Anthem, a new royal standard was hoisted on the Marble Arch, and the multitude broke forth in loud and hearty cheers. The foreign ambassadors extraordinary looked superb in their new carriages and splendid uniforms. Among them shone conspicuous the state coach of Marshal Soult, and the old hero was received with vast enthusiasm by the populace.But if Lucien, who had rendered Napoleon such essential services in enabling him to put down the French Revolution, could not escape this meddling domination as a private man, much less could his puppet-kings, whether brothers or brothers-in-law. He was beginning to have violent quarrels with Murat and his sister Caroline, king and queen of[4] Naples; nor could the mild and amiable temper of Louis, king of Holland, protect him from the insults and the pressure of this spoiled child of fortune.[See larger version]
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