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FORE:This proposal, which, at an earlier stage of the dispute, might have been listened to, was one at this stage which was sure to be rejected, and was only one of those miserable half measures which commonplace minds so frequently put forth only to demonstrate their inability to grasp the amplitude of the occasion. It was supposed that the measure had been intended to be larger, but that the Bedford party had fallen on it in Council, and reduced it to these pitiable dimensions. Yet when it was introduced into the Commons by Lord North, the Bedford party looked at each other in consternation, and soon the tempest broke loose on the Treasury benches.The Conservative party had got the impression that the commercial interest in the House of Commons would swamp the landed interest, in consequence of the preponderance of the representatives of cities and boroughs. But that impression was shown to be a delusion by many votes. The number who supported a motion of Lord Chandos on the 27th of April, 1836, was, considering its nature, remarkable:��"That in the application of any surplus revenue towards the relief of the burdens of the country, either by remission of taxation or otherwise, due regard should be had to the necessity of a portion thereof being applied to the relief of the agricultural interest." That interest had been relieved to a considerable extent in a variety of ways during the recent progress of legislation, and especially by the Poor Law Amendment Act, which had been an immense boon to both landlords and tenants. The policy of the motion of Lord Chandos was so unsound that Sir Robert Peel, Lord Stanley, and Sir James Graham felt constrained to vote with Ministers[407] for its rejection. The motion was defeated by 211 votes to 150.

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FORE:The various triumphs in the direction of liberty of conscience evidence a sense of civil right in the community, which forced itself on the Government, rather than a sense of religion. But religion, too, was in steady growth. The Dissenters had greatly increased during this period, and amongst them the names of some of their ministers had acquired a general reputation. Robert Hall, of Leicester, and afterwards of Bristol, threw a new lustre on the Baptist community. He was the son of a Baptist minister, was at first educated by Dr. Ryland, the learned Baptist pastor of Northampton, and afterwards took his degree of M.A. at King's College, Aberdeen. He commenced his ministerial career in Bristol, and subsequently resided as minister at Leicester for twenty years. On the death of his old tutor, Dr. Ryland, he became the president of the Baptist Academy at Bristol, and pastor of Broadmead Chapel, in that town. Robert Hall was not inferior to any of the clergy of the Establishment in learning or eloquence. He was for eleven years the Baptist minister in Cambridge before removing to Leicester. In Cambridge he succeeded to a man nearly as remarkable, the celebrated Robert Robinson. At this university town he attracted the notice of some of the leading Established clergy and professors, and of the world at large, by his "Vindication of the Freedom of the Press," and his splendid sermon "On Modern Infidelity." Dr. Parr has left a testimony to the merits of Robert Hall in his will, which does honour to his liberality:��"Mr. Hall has, like Jeremy Taylor, the eloquence of an orator, the fancy of a poet, the subtlety of a schoolman, the profoundness of a philosopher, and the piety of a saint." To the same body belonged the celebrated author of "Essays on the Formation of Character," John Foster, also of Bristol.On the 12th of February Sir James Graham moved for the reduction of the salaries of all persons holding offices under Government, in proportion to the enhanced value of money produced by the Bank Restriction Act, which added to the weight of all fixed payments while it lowered wages and the price of provisions. "Hence," he said, "the miserable state to which the people of this country were now reduced, and the necessity for rigid, unsparing economy; and in that system of economy one great source of retrenchment must be the reduction of the salaries of those who had their hands in the public purse. Justice requires, necessity demands it." Ministers did not dare to resist this motion openly. They evaded it by an amendment, which was unanimously adopted, for an Address to the king, requesting him to order an inquiry to be made into all the departments of the Civil Government, with a view of reducing the number of persons employed in the various Services, and the amount of their salaries. On the 15th Mr. Hume attempted to carry retrenchment into the Army and Navy, moving a resolution to the effect that the former should be reduced by 20,000 men, and the latter by the sum of a million and a half. All the reductions he proposed would have effected a saving of eight millions annually. But neither the Whigs nor the Canning party were disposed to go such lengths. The motion was, therefore, defeated, the minority consisting solely of Radical reformers, who mustered fifty-seven on the division. Another assault on the Government was led on by Mr. Poulett Thompson, who moved for the appointment of a Committee for a Revision of the system of Taxation with a view to saving expense in the mode of collecting the revenue. The motion was resisted by Mr Peel on the ground that such important duties should not be delegated to a fraction of the members of the House. The motion was rejected by a large majority. A few days later, however, Ministers sustained a damaging defeat in the Committee of Supply on the Navy estimates. Two young men, who had been public servants for a few months only, Mr. R. Dundas and Mr. W. S. Bathurst, Junior Commissioners of the Navy, had been pensioned off on the reduction of their offices, the one with ��400 and the other with ��500 a year. The arrangement was attacked as a gross job and defended upon principle, and Ministers after[309] mustering all their strength were beaten by a majority of 139 to 121, on the motion that those pensions should be struck off. Several other motions, brought forward with a view of effecting retrenchments, were rejected by the House. This movement in the direction of financial reform, no doubt, received an impulse from the resentment of the leading Whigs, whose claims to take part in the Government were ignored by the Duke. But this remark does not apply to the efforts of Mr. Attwood and Mr. Baring, who moved that instead of a gold standard there should be a gold and silver standard, and that the Act for prohibiting the issue of small notes should be repealed. They strengthened their case by an appeal to the facts of the existing distress and commercial depression arising from a restricted currency. On the part of the Government, however, it was argued that a double standard of gold and silver would cause a loss of five per cent, to creditors if debtors were to pay in the silver standard��that the whole country would be a scene of confusion and ruin��that silver never was in practice the standard of the country, and that it never had been actually in a state to be used as a legal tender. Latterly the law had enacted that it should not be a legal tender beyond twenty-five pounds. By weight, indeed, it was a legal tender to any amount, but practically it had become so depreciated that there was no such thing as a standard by weight. Mr. Attwood's resolutions on the currency were negatived without a division.

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FORE:VIEW OF LONDON FROM THE TOWER TO LONDON BRIDGE IN THE LATTER PART OF THE 18TH CENTURY. (After the Picture by Maurer.)The distress which had pressed so severely on the people, and which had set them thinking about the most perilous political changes, was intimately connected with the state of the country. Throughout the troubled period of almost incessant war and lavish expenditure between 1797 and 1815, the business of the nation was carried on with an inconvertible paper currency, the precious metals having nearly all departed from the country. Bank notes were issued in such quantities, to meet the exigencies of the Government, that the prices of all commodities were nearly doubled. The Bill which was passed in 1819 providing for the resumption of cash payments had reduced the currency from ��48,278,070, which was its amount in 1819, to ��26,588,000, in 1822. The consequence was the reduction of prices in the meantime, at the rate of fifty per cent., in all the articles of production and commerce. With this tremendous fall of prices, the amount of liabilities remained unchanged; rents, taxes, and encumbrances were to be paid according to the letter of the contract, while the produce and commodities��the sale of which was relied upon to pay them��did not produce more than half the amount that they would have brought at the time of the contracts. The evil of this sudden change was aggravated by the South American Revolution, in consequence of which the annual supply of the precious metals was reduced to a third of its former amount. It was peculiarly unfortunate that this stoppage in the supply of gold and silver occurred at the very time that the Legislature had adopted the principle that paper currency should be regarded as strictly representing gold, and should be at any moment convertible into sovereigns. A paper currency should never be allowed[238] to exceed the available property which it represents, but it is not necessary that its equivalent in gold should be lying idle in the coffers of the Bank, ready to be paid out at any moment the public should be seized with a foolish panic. It is enough that the credit of the State should be pledged for the value of the notes, and that credit should not be strained beyond the resources at its command. The close of 1822 formed the turning-point in the industrial condition of the country. The extreme cheapness of provisions, after three years of comparative privation, enabled those engaged in manufacturing pursuits to purchase many commodities which they had hitherto not been able to afford. This caused a gradual revival of trade, which was greatly stimulated by the opening of new markets for our goods, especially in South America, to which our exports were nearly trebled in value between 1818 and 1823, when the independence of the South American Republics had been established. The confidence of the commercial world was reassured by the conviction that South America would prove an unfailing Dorado for the supply of the precious metals. The bankers, therefore, became more accommodating; the spirit of enterprise again took possession of the national mind, and there was a general expansion of industry by means of a freer use of capital, which gave employment and contentment to the people. This effect was materially promoted by the Small Note Bill which was passed in July, 1822, extending for ten years longer the period during which small notes were to be issued; its termination having been fixed by Peel's Bill for 1823. The average of bank-notes in circulation in 1822 was ��17,862,890. In November of the following year it had increased by nearly two millions. The effect of this extension of the small note circulation upon prices was remarkable. Wheat rose from 38s. to 52s., and in 1824 it mounted up to 64s. In the meantime the bullion in the Bank of England increased so much that whereas in 1819 it had been only ��3,595,360, in January, 1824, it amounted to ��14,200,000. The effect of all these causes combined was the commencement of a reign of national prosperity, which burst upon the country like a brilliant morning sun, chasing away the chilling fogs of despondency, and dissipating the gloom in the popular mind.

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FORE:On the 23rd of June the king sent down a message to the Commons, recommending them to[301] take into consideration a separate establishment for the Prince of Wales, who had arrived at the age of twenty-one. This young man, whose whole career proved to be one of reckless extravagance and dissipation, was already notorious for his debauched habits, and for his fast accumulating debts. He was a great companion of Fox, and the gambling rou��s amongst whom that grand orator but spendthrift man was accustomed to spend his time and money, and therefore, as a pet of this Coalition Ministry, the Duke of Portland proposed to grant him one hundred thousand pounds a year. The king, alarmed at the torrent of extravagance and vice which such an income was certain to produce in the prince's career, declared that he could not consent to burden his people, and encourage the prince's habits of expense, by such an allowance. He therefore requested that the grant should amount only to fifty thousand pounds a year, paid out of the Civil List, and fifty thousand pounds as an outfit from Parliamentary funds. The Ministers were compelled to limit themselves to this, though the saving was merely nominal, for the debts on the Civil List were again fast accumulating, and the prince was not at all likely to hesitate to apply to Parliament to wipe off his debts, as well as his father's when they became troublesome to him. Resenting, however, the restraint attempted to be put upon him by his father, the prince the more closely connected himself with Fox and his party, and the country was again scandalised by the repetition of the scenes enacted when Frederick, Prince of Wales, father of George III., was the opponent of his own father, George II., and the associate of his opponents. Such, indeed, had been the family divisions in every reign since the Hanoverian succession. On the 16th of July Parliament was prorogued.

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FORE: Opening of 1843��Assassination of Drummond��The Quarterly on the League��Scene between Peel and Cobden��Mr. Villiers's Annual Motion��Peel's Free Trade Admissions��Progress of the League Agitation��Activity of its Press��Important Accessions��Invasion of the County Constituencies��The Free Traders in Parliament��Disraeli attacks Peel��Lord John Russell's Attitude��Debate on Mr. Villiers's Motion��Mr. Goulburn's Budget��The Sugar Duties��Defeat of the Government��Peel obtains a Reconsideration of the Vote��Disraeli's Sarcasms��The Anti-League League��Supposed Decline of Cobdenism��The Session of 1845��The Budget��Breach between Peel and his Party��The Potato Disease��The Cabinet Council��Memorandum of November 6��Dissent of Peel's Colleagues��Peel's Explanation of his Motives��Lord Stanley's Expostulation��Announcement in the Times��The Edinburgh Letter��Resignation of the Ministry��Russell Fails to Form a Government��Return of Peel��Parliament meets��Debates on the Queen's Speech��Peel's general Statement��Mr. Bright's Eulogium��The Corn Bill passes the Commons and the Lords��Defeat of Sir Robert Peel��Some scattered Facts of his Administration.

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