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The queen expired at seven o'clock on Sunday morning, the 1st of August, 1714, not having recovered sufficient consciousness to receive the Sacrament, or to sign her will. During her intervals of sense she is reported to have repeatedly exclaimed, "Oh, my brother, my dear brother, what will become of you!" She was still only in her fiftieth year, and the thirteenth of her reign. Bolingbroke wrote to Swift"The Earl of Oxford was removed on Tuesday, and the queen died on Sunday. What a world is this, and how does fortune banter us!"

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THE FUSILIERS AT ALBUERA. (See p. 18.)
  • ONE:On the 18th of February, however, Fox moved a string of resolutions condemnatory of war with France. They declared that that country was only doing what every country had a right to doreorganise its internal Constitution; that, as we had allowed Russia, Prussia, and Austria to dismember Poland, we had no right to check the aggressions of France on these countries; as we had remained quiescent in the one case, we were bound to do so in the other, and not to make ourselves confederates of the invasion of Poland; and his final resolution went to entreat his Majesty not to enter into any engagements with other Powers which should prevent us from making a separate peace with France. Burke did not lose the opportunity of rebuking Fox for his long advocacy of the Empress Catherine, whose unprincipled share in the partition of Poland he was now compelled to reprobate. The resolutions of Fox were negatived by two hundred and seventy votes against forty-four. Not daunted by this overwhelming majority, Fox again, on the 21st of February, brought forward his resolution in another form, declaring that there were no sufficient causes for war. The motion was negatived without a division.It was proposed also to form, in certain districts, relief committees, which should be empowered to receive subscriptions, levy rates, and take charge of donations from the Government; and that out of the fund thus raised they should establish soup kitchens, and deliver rations to the famishing inhabitants. Sir John Burgoyne, Inspector-General of Fortifications, was appointed to superintend the works. Lord John Russell referred to measures for draining and reclaiming waste land in Ireland, and to advances of money for this purpose to the proprietors, to be repaid in instalments spread over a number of years. On a subsequent day, in answer to questions from Mr. Roebuck, the noble lord gave a statement of the sums that had already been advanced. 2,000,000 had been issued on account of the Poor Employment Act of the last Session. He expected that not less than 500,000 or 600,000 a month would be spent from the present time until August, and he calculated the whole expenditure would not be less than 7,000,000. There was great difference of opinion on the subject of the Government plans. A counter-scheme for the establishment of reproductive works deserves to be noticed for the interest it excited and the attention it occupied for years afterwardsnamely, the railway plan of Lord George Bentinck. Acts of Parliament, he said, had been passed for 1,582 miles of railway in Ireland, of which only 123 miles had then been completed, while 2,600 miles had been completed in England. In order to encourage the formation of Irish railways, therefore, he proposed that for every 100 expended by the companies 200 should be lent by the Government at the same interest at which they borrowed the money, Mr. Hudson, who was "chairman of 1,700 miles of railroad," pledging his credit that the Government would not lose a shilling by the transaction. By adopting this plan they could give reproductive employment to 109,000 men in different parts of the country, for earth-works, fences, drains, and watercourses connected with the lines. This would give support of 550,000 souls on useful work, tend to develop the resources of the country, and produce such improvement that the railways constructed would add 23,000,000 to the value of landed property in twenty-five years, and would pay 22,500 a year to the poor rates. The purchase of land for the railways would moreover place 1,250,000 in the hands of Irish proprietors, for the employment of fresh labour, and 240,000 in the hands of the occupying tenants for their own purposes. The Government also would reap from the expenditure of 24,000,000 on railways in Ireland, an enormous increase of revenue in the augmented consumption of articles of excise and customs. The noble lord's speech, which lasted two hours and a half, was received with cheers from both sides of the House. Leave was given to bring in the Bill, though it was strongly objected to by Lord John Russell, Mr. Labouchere, and other members of the Government. It was also opposed by Sir Robert Peel, who exposed the unsoundness of the economic principles involved in it. The Bill was rejected by a majority of 204, the numbers being 118 for the second reading, and 322 against it. Notwithstanding this decision, loans were subsequently advanced to certain Irish railways, amounting to 620,000, so that the objection of the Government was more to the extent than to the principle of Lord George Bentinck's measure. TWO:

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  • ONE:The new Premier, however, was resolute, and persevered with his arrangements. He found an excellent successor to Lord Eldon, as Chancellor, in Sir John Copley, the Master of the Rolls, who was created Lord Lyndhurst. Mr. Peel, as Home Secretary, was succeeded by Mr. Sturges Bourne, who retired after a few weeks to make way for the Marquis of Lansdowne. He represented a section of the Whigs, prominent among whom were Brougham, Tierney and Burdett, who gave[259] their support to the Ministry. The Duke of Clarence succeeded Lord Melville as First Lord of the Admiralty, and the Marquis of Anglesey the Duke of Wellington as Master-General of the Ordnance. Viscount Palmerston was appointed the Secretary at War, with which office he commenced his long, brilliant, and popular career as a Cabinet Minister. The new Master of the Rolls was Sir John Leech, the Attorney-General Sir James Scarlett, and the Solicitor-General Sir N. Tindal. Mr. Lamb, afterwards Lord Melbourne, succeeded Mr. Goulburn as Chief Secretary of Ireland. TWO:William IV. then sent for the veteran Grey, who formed a Ministry with unusual ease, chiefly of the Whig and Canningite elements. His chief difficulty was how to dispose of the volatile Brougham. The king had no objection to accept him as one of the Ministers, and Brougham himself wished to be Master of the Rolls, assuming that Sir John Leech was to become Lord Chancellor of Ireland, with a peerage, and that Mr. Plunket was to be Lord Chancellor of England. To this arrangement, however, the king and Lord Grey peremptorily objected. Brougham was then offered the Attorney-Generalship, which he calmly refused, upon which Lord Grey declared that his hopes of being able to form an Administration were at an end, and he waited on his Majesty for the purpose of communicating to him the failure of his negotiations. "Why so?" inquired the king. "Why not make him Chancellor? Have you thought of that?" The answer was, "No; your Majesty's objection to the one appointment seemed to preclude the other." "Not at all, not at all," replied the king; and the reasons for one appointment and against the other were very clearly stated by his Majesty, namely, that Brougham as Master of the Rolls and member for Yorkshire would be far too powerful. Mr. Brougham was left in the dark for some time about the intentions of Lord Grey, for on the 17th of November he said he had nothing to do with the Administration, except in the respect he bore them, and as a member of the House. On the 19th he presented petitions, and spoke on them in the Commons, without intimating any change of position. Hence it may easily be supposed that he surprised the world, as well as his friends, by suddenly appearing on November the 22nd in the House of Lords as Lord Chancellor of England. This was certainly a high office to which he was elevated, and for which the exigencies of party made him necessary; but, in accepting it, he sacrificed a great position which seemed to gratify all the desires of intellectual ambition; and, in order to induce his compliance, Lord Grey was obliged to appeal to his generous sympathies, his public spirit, and his devotion to his party. Lord Brougham and Vaux became, said a wag, "Vaux et praeterea nihil."[See larger version]

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  • ONE:But the question of the restrictions upon Dissenters was again taken up by Lord Stanhope, in 1811. On the 21st of March he presented to the House of Lords a short Bill "For the better securing the liberty of conscience." It had the same fate as his former ones. Ministers seemed rather inclined to abridge the liberty of conscience, for immediately afterwards, namely, on the 9th of May, Lord Sidmouth brought in a Bill to limit the granting of licences to preach, asserting that this licence was made use of by ignorant and unfit persons, because having such a licence exempted them from serving in the militia, on juries, etc. The Bill excited great alarm amongst the Dissenters, and Lord Stanhope and Lord Grey, on the 17th of the month, when Lord Sidmouth moved for the second reading of the Bill, prayed for some time to be allowed for the expression of public opinion. The second reading was, accordingly, deferred till the 21st, by which time a flock of petitions came up against it, one of which was signed by four thousand persons. Lord Erskine said that these petitions were not a tenth part of what would be presented, if time were afforded for the purpose; and he ridiculed the idea of persons obtaining exemption from serving in the militia by merely taking out licences to preach. Lord Grey confirmed this, saying that it was impossible for persons to obtain such licences, except they were ministers of separate congregations. This was secured by an Act passed in 1802, and still more, the party applying for such licence was restricted from following any trade, except that of keeping a school. These regulations, he stated, were most minutely adhered to, both in the general and local militia, and he challenged Lord Sidmouth to show him a single instance, since the Act of 1802, where exemption had been improperly obtained by a Dissenter. Lord Grey proved from actual returns that the whole number of persons who had been licensed during the last forty-eight years had only been three thousand six hundred and seventy-eight, or about seventy-seven[165] annually on an average, and that the highest number reached in any one year had been only about one hundred and sixty. He contended that these facts demonstrated the non-necessity of the Bill. It was lost.On the 20th of October, 1848, Chuttur Singh and his son, Shere Singh, raised the standard of revolt in the Punjab, and soon appeared at the head of 30,000 men. In November Lord Gough encountered them with 20,000. At Ramnuggur, in attacking the position of the enemy, his men were led into an ambuscade, and were repulsed with tremendous loss. The contest was again renewed on the 13th of January, 1849, when the Sikhs were also very strongly posted in a jungle with 40,000 men and sixty-two guns. Near the village of Chillianwallah a desperate battle was fought, and had lasted for some time when the 14th Light Dragoons, on being ordered to charge, turned and fled through our Horse Artillery, upsetting several guns, and causing such confusion that the Sikh cavalry, promptly availing themselves of the advantage, made a charge, and cut down seventy of our gunners, capturing six guns and five colours. The result was a drawn battle, but the loss on our side was fearfultwenty-seven officers and 731 men killed, and sixty-six officers and 1,446 men wounded. This terrible reverse produced a profound sensation at home. It was ascribed to bad generalship, and there were loud cries for the recall of Lord Gough. The Duke of[601] Wellington felt that the case was so desperate that he called upon Sir Charles Napier to go out and take the command, though suffering under a mortal disease, using the memorable expression, "If you don't go, I must." Sir Charles went immediately. But before he arrived, Lord Gough, on the 21st of February, had retrieved his reputation, and covered the British arms with fresh glory by winning, in magnificent style, the great battle of Goojerat, with the loss of only ninety-two killed and 682 wounded. Mooltan had been besieged again in December. During the bombardment the principal magazine was blown up. It contained 16,000 lbs. of powder: 800 persons were killed or wounded by the explosion, and many buildings destroyed. But Moolraj, though he saw ruined in a moment a work which it cost him five years to construct, still held out. On the 2nd of January the city was stormed, but the citadel remained. Though of immense strength, it yielded to artillery, and Moolraj, with his garrison of nearly 4,000 men, surrendered at discretion. TWO:The violent discontent with the conduct of Bute and his Ministry gave considerable strength to the Opposition, at the head of which now stood Pitt, supported by Lord Temple and the Duke of Newcastle. George Grenville, not satisfied with the terms of the peace, resigned the post of Secretary to Halifax, and took his new one at the head of the Admiralty; and Henry Fox, Paymaster of the Forces, became the leader of the Commons. The Duke of Devonshire and the Marquis of Rockingham also resigned their places in the royal household; and the king, in his vexation, striking Devonshire's name out of the list of Privy Councillors, the Duke's kinsmen, Lords George Cavendish and Bessborough, also resigned.

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  • ONE:Such was the state of things in Canada which the Imperial Parliament was called upon to consider in the spring of 1838. The first feeling which the news of the insurrection produced in Britain was one of alarm; the next was that all the forces that could be spared should be immediately dispatched for the purpose of crushing the revolt; and a ship of the line was employed for the first time in carrying a battalion of 800 Guards across the Atlantic. The Duke of Wellington censured the Government for not having had a sufficient military force to preserve the peace in Canada, and used the oft-repeated expression that was stultified on several occasions during the latter portion of Victoria's reign, that a great nation cannot make a little war. On the 22nd of January Lord John Russell moved[447] for leave to bring in a Bill suspending the Constitution in Lower Canada for three years, and providing for the future government of that province, with a view to effecting a satisfactory settlement of the affairs of the colony. He stated that her Majesty's Government had resolved to send out an experienced statesman, of high character and position, and of well-known popular sympathies, with ample powers, and that Lord Durham had consented to go. The Government measure was carried in the House of Commons by a majority of 262 to 16, and unanimously in the Lords.It was resolved to make the first attack only on the trade in slaves, not on the whole gigantic subject, with all its widely-ramified interests. Nay, it was deemed prudent by the committees, seeing well that the abolition of the monstrous practice of slave-holding must be a work of many years, in the first place to limit their exertions to the ameliorating of the sufferings of the negroes, in their passage from Africa to the scenes of their servitude. Numerous petitions had now reached the Houses of Parliament on the subject of the trade in and the sufferings of slaves, and a Committee of the Privy Council was procured to hear evidence on the subject. This commenced its sittings on the 11th of February, 1788. Before this committee were first heard the statements of the slave merchants of Liverpool. According to these gentlemen, all the horrors attributed to the slave trade were so many fables; so far from instigating African sovereigns to make war upon their neighbours and sell them for slaves, the oppressions of these despots were so horrible that it was a real blessing to bring away their unfortunate victims. But very different facts were advanced on the other side. On the part of the Liverpool merchants was the most palpable self-interest to colour their statements; on the other, was disinterested humanity. Amongst the gentlemen brought forward to unfold the real nature of the African traffic was Dr. Andrew Sparrman, Professor of Natural Philosophy at Stockholm, who had, with Mr. Wadstr?m, been engaged in botanical researches in Africa. This information put to flight the pleasant myths of the Liverpool traders, and produced a profound impression. TWO:Mr. Stanley left behind him one enduring monument of his administration in Ireland which, though afterwards a subject of controversy and party strife, conferred immense advantages upon the countrythe national system of education. It has been remarked that the principle of the Irish Establishment was that of a "missionary church;" that it was never based on the theory of being called for by the wants of the population; that what it looked to was their future spiritual necessities. It was founded on the same reasons which prompt the building of churches in a thinly peopled locality, the running of roads through an uncultivated district, of drains through a desert morass. The principle was philanthropic, and often, in its application, wise; but it proceeded on one postulate, which, unfortunately, was here wantingnamely, that the people will embrace the faith intended for them. This was so far from having hitherto been the case that the reverse was the fact. For nearly three centuries this experiment was tried with respect to the education of the rising generations of the Roman Catholics, and in every age it was attended by failures the most marked and disastrous. The Commissioners of National Education refer to this uniformity of failure in their sixth report, in which they observe,"For nearly the whole of the last century the Government of Ireland laboured to promote Protestant education, and tolerated no other. Large grants of public money were voted for having children educated in the Protestant faith, while it was made a transportable offence in a Roman Catholic (and if the party returned, high treason) to act as a schoolmaster, or assistant to a schoolmaster, or even as a tutor in a private family. The Acts passed for this purpose continued in force from 1709 to 1782. They were then repealed, but Parliament continued to vote money for the support only of the[357] schools conducted on principles which were regarded by the great body of the Roman Catholics as exclusively Protestant until the present system was established."

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THREE:It was resolved to bring the matter before Parliament. Wilberforce gave notice of motion on the subject, but falling ill at Bath, Clarkson applied to Pitt and Mr. Grenville, and was strongly supported by Granville Sharp and the London committee. Pitt had not considered the subject till it was forced on his attention by the evidence before the Privy Council; but he had come to the conclusion that the trade was not only inhuman, but really injurious to the interests of the nation. He consented to introduce the question, and, on the 9th of May, gave notice that early in the next Session Parliament would take into consideration the allegations against the slave trade, made in upwards of a hundred petitions presented to it. He recommended this short delay in order that the inquiries before the Privy Council might be fully matured. But both Fox and Burkethe latter of whom had been thinking for eight years of taking up the questiondeclared that the delay would be as cruel as it was useless; that it did not become the House to wait to receive instructions from the Privy Council, as if it were dependent upon it, but that it ought to originate such inquiries itself. Sir William Dolben supported this view of immediate action, contending that at least a Bill should be brought in to restrain the cruelties of the sea-passage, which would otherwise sacrifice ten thousand lives, as hundreds of thousands had been sacrificed before. This was acceded to. Pitt's resolution was carried by a considerable majority; and Sir William Dolben, on the 21st of May, moved to bring in a Bill to regulate the transport of slaves. Sir William stated that there was no law to restrain the avarice and cruelty of the dealers, and that the mortality from the crowding of the slaves on board was frightful.[See larger version]
FORE:On the 23rd, only four days after the abdication of the king, Murat entered Madrid with a numerous body of infantry and cuirassiers, attended by a splendid train of artillery. Ferdinand entered the city the same day. He had formed an administration wholly opposed to Godoy and his policy. The Ambassadors of the other Powers presented themselves to offer their congratulations; but Beauharnais, the French Ambassador, preserved a profound silence. Murat, also, though he professed himself friendly to Ferdinand, said not a word implying recognition of his title. Still more ominous, the news arrived that Buonaparte himself was on the way with another powerful army. Murat took up his residence in the Palace of the Prince of the Peace, and greatly alarmed Ferdinand and his courtiers by addressing him, not as "your Majesty," but merely as "your Royal Highness." He counselled him to wait, and do nothing till he could advise with Napoleon, and, in the meantime, to send his brother, Don Carlos, to greet the Emperor on his entrance into Spain. To this Ferdinand consented; but when Murat recommended him also to go, and show this mark of respect to his ally, Ferdinand demurred, and by the advice of Cevallos, one of his wisest counsellors, he declined the suggestion. To complicate matters, Murat opened communication with the king and queen, and, not content with that, with Godoy also, assuring him that his only hope of safety lay in the friendship of the Emperor. By this means Murat learned all the accusations that each party could make against the other, so that these things might serve Buonaparte to base his measures, or, at least, his pretences upon. Encouraged by this, Charles[552] wrote to Napoleon to declare his abdication entirely forced, and to leave everything to the decision of his good friend, the Emperor.

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FORE:[See larger version]

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FORE:CHAPTER XVIII. The Reign of Victoria (continued).

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THREE:On the 20th of June, when the Bill was in committee of the Peers, the Lord Chancellor urged his objection to the retrospective clause, as unsettling the rights of property. The report being brought up on the 25th, he repeated his objections, and moved that the retrospective clause should be omitted. The motion was negatived. On the 2nd of July, the day fixed for the third reading, his brother, Lord Stowell, made a similar motion, which was also defeated. The Lord Chancellor moved the insertion of a clause for giving validity to deeds, assignments and settlements made by persons having claims on any property affected by the Bill. The Marquis of Lansdowne opposed this clause, which, he said, would give the Bill the effect of declaring children legitimate and yet disinheriting them"of peopling the House of Lords with titled beggars." This clause having been negatived on a division, the Lord Chancellor proposed another to the same effect, with the addition of the words, "for good and valuable consideration." This also was rejected by a majority. This was too much for the temper of Lord Eldon, so long accustomed to have his way in that House. Irritated at being repeatedly thwarted in his efforts, on declaring the numbers he exclaimed with vehemence, "My lords, ten days ago I believed this House possessed the good opinion of the public, as the mediator between them and the laws of the country; if this Bill pass to-night, I hope in God that this House may still have that good opinion ten days hence. But to say the best of this measure, I consider it neither more nor less than a legal robbery, so help me God! I have but a short time to remain with you, but I trust it will be hereafter known that I used every means in my power to prevent its passing into law." Thenceforth the Lord Chancellor became sulky with his colleagues, feeling himself dragged on by their too rapid progress. He was very reluctant to attend their Cabinet meetings, and absented himself whenever he could make any excuse. In reply to a summons from Mr. Peel, the Home Secretary, to attend a meeting on the Alien Act, he answered that he could not possibly attend, adding, "My absence, however, can be of little, and possibly of no consequence." The Session ended on the 6th of August; the Parliament being prorogued by the king in person.
THREE:The whole army now crossed the river at leisure, and marched towards Lahore. Lord Hardinge issued a proclamation, in which he stated that the war was the result of the wanton and unprovoked incursion of the Sikhs; that the British Government wanted no acquisition of territory, but only security for the future, indemnity for the expenses of the war, and the establishment of a government at Lahore, which should afford a guarantee against such aggressions in the time to come. The Ranee and her durbar, or council, now saw the necessity of prompt submission, which was tendered by plenipotentiaries sent to the British camp, who threw the whole blame of the war on the[600] uncontrollable troops. They were well received by the Governor-General, and a treaty was without difficulty concluded on the 15th of February at a place called Kussoor. By the terms of the treaty, all the territory lying between the river Beas and the Sutlej was ceded to the British Government. The sum of one million sterling was to be paid for the expenses of the war; but the sum was found too heavy, and instead Gholab Singh was rewarded for his fidelity to the British by the grant of a large tract of territory between the Beas and the Indus. Peace having been thus concluded, the young Maharajah, Dhuleep Singh, was received by the Governor-General at his camp with Oriental pomp; and on the 22nd of February Sir Henry Hardinge entered Lahore at the head of his victorious army, taking possession of the gates, the citadel, and the Royal palace.
FORE:On the 23rd Moore was obliged to halt for the coming of his supplies; and whilst doing so, he received the intelligence that no fewer than seventy thousand men were in full march after him, or taking a route so as to cut off his rear at Benevento, and that Buonaparte himself headed this latter division. There was no further thought of advancing, but of retreat, before the army was completely surrounded. By the 26th the whole army was beyond Astorga, but the French were now close behind them. Buonaparte, indeed, hoped to have rushed on by the Guadarama, and to have cut off his retreat at Tordesillas, but he was twelve hours too late. On the last day of December, 1808, Buonaparte was pressing close on the British rear in the vicinity of Astorga, and thus closed the year on the fortunes of the Spaniards and their British Allies. The boastful Spanish armies, too proud to think at first that they needed assistance, too unskilful, when they did see the need of it, to co-operate with it, and who had afforded nothing but indifference and false intelligence to their benefactors, were dispersed like so many clouds, and their Allies were flying from an overwhelming foe.
FORE:
FORE:Mr. Manners Sutton was again chosen Speaker of the House of Commons, having already presided over four successive Parliaments, occupying a period of fourteen years, during which he performed the onerous duties of his high position to the satisfaction of all parties. A week was occupied in the swearing-in of members. All the preliminary formalities having been gone through, the Parliament was opened by the king in person on the 2nd of November. The Royal Speech, which was of unusual length, excited the deepest interest, and was listened to with breathless attention and intense anxiety. The concluding paragraph of the Speech, while expressing the strongest confidence in the loyalty of the people, intimated the determination of the Government to resist Parliamentary Reform. This attitude was regarded as a defiance to the Opposition; and it roused into excitement the spirit of hostility, which might have been disarmed by a tone of conciliation, and by a disposition to make moderate concessions. Nothing, therefore, could have been more favourable to the aims of the Whig leaders than the course taken by the Administration; and if they wanted an excuse for breaking forth into open war, it was supplied by the imprudent speech of the Duke of Wellington. The Royal Speech, indeed, suggested revolutionary topics to the Reformers, by its allusion to Continental politics. The king observed that the elder branch of the House of Bourbon no longer reigned in France, and that the Duke of Orleans had been called to the throne. The state of affairs in the Low Countriesnamely, the separation of Belgium from Hollandwas viewed with deep regret; and "his Majesty lamented that the enlightened administration of the King of the Netherlands" should not have preserved his dominions from revolt; stating that he was endeavouring, in concert with his allies, to devise such means of restoring tranquillity as might be compatible with the welfare and good government of the Netherlands, and with the future security of other States.
THREE:When Montcalm was informed of this wonderful feat, he thought it merely some new feint to draw him from his lines; but when he had ascertained with his own eyes the truth, he said, "I see them, indeed, where they ought not to be; but, as we must fight, I shall crush them." He immediately led his troops over the bridge of the St. Charles, and up to the eminence above the town. There he found the English already advanced in order of battle to within cannon-shot of Quebec. Wolfe had drawn them up with much judgment. His left wing was formed in what military men call en potencethat is, facing two ways, so as to guard against being outflanked. In this wing, too, he had placed a regiment of Highlanders, one of those which Pitt had formed, and which had already shown its bravery. His right, extending towards the St. Lawrence, had in the van the Grenadiers who had distinguished themselves at the taking of Louisburg, supported by a regiment of the line. Wolfe had taken his post on this wing. The sailors had managed to drag up one cannon, and they had seized four other small guns at the battery they had passed; that was all their artillery. But in this respect Montcalm was no better off, for in his haste he had only brought along with him two guns. He had ordered a cloud of Indians to hover on the left of the English, and had lined the thickets and copses with one thousand five hundred of his best marksmen. These concealed skirmishers fired on the advancing pickets of the English with such effect, that they fell back in confusion; but Wolfe hastened forward, encouraged them to dash on, and ordered the first line to reserve their fire till within forty yards of the enemy. The men well obeyed the order, and marched briskly on without firing a shot, whilst the French came hurrying forward, firing as they came. They killed many of the English, but, as soon as these came within the forty yards' distance, they poured a steady and well-directed a volley into the enemy that did dreadful execution. Wolfe, with characteristic enthusiasm, was in the front line, encouraging them by voice and action, and in less than half an hour the French ranks broke, and many began to fly. Meanwhile Wolfe, exposing himself to the very hottest fire, had been wounded in the wrist by nearly the first discharge; and he had scarcely wrapped his handkerchief around it, when another bullet hit him in the groin. Still appearing to[136] pay no attention to these serious wounds, he was in the act of inciting his men to fresh efforts, when a ball pierced his chest, and he fell. He was carried to the rear, and, whilst he seemed to be in the very agony of death, one of those around him cried, "See how they run!" "Who run?" exclaimed Wolfe, raising himself, with sudden energy, on his elbow. "The enemy," replied the officer; "they give way in all directions." "God be praised!" ejaculated Wolfe; "I die happy!" and, falling back, he expired. Nearly at the same moment Brigadier Monckton was severely wounded, and Brigadier Townshend took the command, and completed the victory. Montcalm, also, had fallen. He was struck by a musket-ball whilst endeavouring to rally his men, and was carried into the city, where he died the next day. When told that he could not live"So much the better," replied this brave and able man; "I shall not then live to see the surrender of Quebec." His second in command was also mortally wounded, and being taken on board the English ships, also died the next day. Of the French, one thousand five hundred had fallen, and six hundred and forty of the English. On the 18th September, five days after the battle, the city capitulated, the garrison marching out with the honours of war, and under engagement to be conveyed to the nearest French port. Other fragments of the defeated army retired to Montreal.The king's speech at the opening of Parliament, and the martial tone of the speeches by the members of both Houses, exceedingly exasperated Napoleon; for though preparing for war he was scarcely ready, and meant to have carried on the farce of peace a little longer. Talleyrand demanded of Lord Whitworth the reason of this ebullition of the British Parliament and of the Press. Lord Whitworth replied, as he had done regarding the comments on the trial of Peltier, that it was the direct result of the insulting articles in the Moniteur, which was known to be the organ of the French Government; whereas, in Britain, the Government had no direct control, either over the speeches in Parliament or over the press. Talleyrand and Whitworth again discussed all the vexed questions of the retention of Malta, the conduct of Colonel Sebastiani in the East, the aggressions of Napoleon in Italy, Germany, and Switzerland, in violation of the Treaty of Amiens; and Lord Whitworth declared that all Britain wanted was, that the Treaty should be faithfully carried out on both sides; that we were ready to evacuate Malta, and recall our complaints, on that being done. But this was what Napoleon was resolved never to do, and he therefore resorted to the most extraordinary insults to the British Ambassador. He requested Lord Whitworth to call at the Tuileries at nine o'clock in the evening of the day on which he had had his conference with Talleyrand. Napoleon had, by an assumption of extreme hauteur and impetuosity, frightened the Austrian Ambassador at Campo Formio, and he probably thought of frightening the British one; but Britain had not been beaten like Austria, and such a proceeding could only enrage the British people. In this interview, Buonaparte ran over, in a rapid and excited harangue of two hours' length, scarcely permitting Lord Whitworth to interpose a word of reply, all the alleged causes of dissatisfaction with England; at one moment threatening to invade it, if it cost him his life; at another, proposing that France and England should unite to rule the Continent, and offering to share with it all the benefits of such an alliance. Lord Whitworth replied, as before, that the British Government desired nothing but the bona fide execution of the Treaty of Amiens, and could not for a[488] moment entertain such schemes of aggression and domination as the First Consul proposed to her. He began to comment gravely on the aggressions in Switzerland and Italy, but Buonaparte cut him short angrily, saying those things were no business of his and that he had no right to talk of them. There was a fresh interview with Talleyrand, and fresh notes from him and Andreossi of the same character. A similar though more violent scene occurred at a levee on the 13th of March, in which Napoleon passionately accused Britain of driving France into war. A shrewd observer, Madame de Rmusat, was of opinion that his rage was simulated.

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THREE: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.
FORE:Parliament opened gloomily on the 21st of January, 1806. The total failure of Pitt's new Continental coalition, the surrender of Ulm, the battle of Austerlitz, the retreat of Austria into peace with Napoleon, and of Russia into her northern snows, Germany, Italy, Switzerland, Holland, and Belgium nearly all prostrate at the feet of Buonaparte, were killing Pitt. He had sought for renovation in the autumn at Bath; but its salutary waters and atmosphere had failed to restore his spirit, or to remove what Fox called the "Austerlitz look" from his face. He was dying at Putney as the House met, and the king was not in a condition to open the Session personally. The Royal Speech, read by a Commissioner, referred, with just pride, to the great victory of Trafalgar, and had but little to say on the defeat of all our endeavours on the Continent. The Opposition determined to move an amendment to the Address; but this was prevented by the announcement of the death of Pitt on the 23rd, two days after the opening of Parliament. Mr. Lascelles gave notice of a motion for a public funeral in Westminster Abbey. Fox moved that this question should be postponed till after the discussion on the Address, which was considered by Pitt's friends as a great want of generosity in Fox. The amendment was, of course, overruled, and it was voted, on the 27th of January, by a majority of two hundred and fifty-eight against eighty-nine, that Pitt should be buried in Westminster Abbey; which accordingly took place, the royal dukes, the Archbishop of Canterbury, eight bishops, a great number of peers, and about a hundred members of the House of Commons attending.These mischiefs it was proposed wholly to remove by enacting that "the charge for primary distributionthat is to say, the postage on all letters received in a post town, and delivered in the same or in any other post town in the British Islesshall be at the uniform rate of one penny for each half-ounce; all letters and other papers, whether single or multiple, forming one packet, and not weighing more than half an ounce, being charged one penny, and heavier packets to any convenient limit being charged an additional penny for each additional half-ounce." And it was further proposed that stamped covers should be sold to the public at such a price as to include the postage, which would thus be collected in advance. By the public generally, and preeminently by the trading public, the plan was received with great favour. By the functionaries of the Post Office it was at once denounced as ruinous, and ridiculed as fanciful. Lord Lichfield, then Postmaster-General, said of it in the House of Lords, "Of all the wild and visionary schemes I ever heard, it is the most extravagant." On another occasion, he assured the House that if the anticipated increase of letters should be realised, "the mails will have to carry twelve times as much in weight, and therefore the charge for transmission, instead of 100,000, as now, must be twelve times that amount. The walls of the Post Office would burst; the whole area in which the building stands would not be large enough to receive the clerks and the letters." In the course of the following year (1838) petitions were poured into the House of Commons. A select Committee was appointed, which held nearly seventy sittings, and examined nearly eighty-three witnesses in addition to the officers of the department. Its report weakly recommended the substitution of a twopenny for a penny rate, but this was overruled by the Cabinet. During the Session of Parliament that followed the presentation of[465] this report, about 2,000 petitions in favour of penny postage were presented to both Houses, and at length the Chancellor of the Exchequer brought in a Bill to enable the Treasury to carry it into effect. The measure was carried in the House of Commons by a majority of 100, and became law on the 17th of August, 1839. A new but only temporary office under the Treasury was created, to enable Mr. Hill to superintend (although, as it proved, with very inadequate arrangements) the working out of his plan. The first step taken was to reduce, on the 5th of December, 1839, the London district postage to one penny, and the general inland postage to fourpence, the half ounce, except as respected places to which letters were previously carried at lower rates, these rates being continued. On the 10th of January, 1840, the uniform penny rate came into operation throughout the United Kingdom; the scale of weight advancing from one penny for each of the first two half-ounces, by gradations of twopence for each additional ounce or fraction of an ounce, up to sixteen ounces. The postage was to be prepaid, or charged at double rates, and Parliamentary franking was abolished. Postage stamps were introduced on the 6th of May following. The facilities of despatch were soon afterwards increased, especially by the establishment of day mails. But on the important points of simplification in the internal economy of the Post Office, with the object of reducing its cost without diminishing its working power, very little was done. For the time being the loss incurred by the change was more than 1,000,000.
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FORE:While affairs were in this state, the Prince of Wales died (March 20, 1751). He had been in indifferent health for some time, and had injured his constitution by dissipated habits. He was forty-four years of age, of a weak character, which had led him into excesses, and the consequences of these were made worse by great neglect of his health. The same weakness of character had made him very much the tool of political faction, and placed him in an unnatural opposition to his father. An attempt was made by Lord Egmont to keep together the prince's party. He assembled a meeting of the Opposition at his house on the morning of the prince's death, and hinted at taking the princess and her family under their protection; and he recommended harmony among themselves; but some one said, "Very likely, indeed, that there should be harmony, when the prince could never bring it about;" and so every one hastened away to look after themselves. It was no sooner seen that there was an understanding between the Princess of Wales and the king than numbers of the late prince's friends offered their adhesion to the Pelhams, equally out of dread of the Duke of Cumberland and dislike of the Duke of Bedford, who was opposed to the Pelhams, and, it was feared, likely to support Cumberland, and thus place him at the head of affairs.
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FORE:Had Lord Ellenborough rested satisfied with this proclamation, all would have been well; but he issued another proclamation which at once shocked the religious feelings of the people of England by its profanity, and covered him with ridicule by its absurdity. He meant it to be a great stroke of policy; but it was simply a foolish and gratuitous concession to an idolatrous priesthood, while it exasperated the pride and fanaticism of the Mahometans. This was the celebrated Somnath Proclamation. Its authenticity was at first gravely doubted in India, but when, at length, it was placed beyond doubt, there was an outburst of censure and ridicule such as never before overwhelmed a Governor-General of India. "My brothers and my friends," it ran, "Our victorious army bears the gates of the Temple of Somnath in triumph from Afghanistan, and the despoiled tomb of Sultan Mahomed looks upon the ruins of Ghuznee. The insult of 800 years is at last avenged. The gates of the Temple of Somnath, so long the memorial of your humiliation, are become the proudest record of your national glory, the proof of your superiority in arms over the nations beyond the Indus. To you, princes and chiefs of Sirhind, of Rajwarra, of Malwa, and of Guzerat, I shall commit this glorious trophy of successful war. You will yourselves, with all honour, transmit the gates of sandal wood through your respective territories to the restored Temple of Somnath." One might have supposed that the princes, chiefs, and people of India thus addressed by the supreme representative of a Christian nation were all pure Hindoos; and that the temple from which the gates had been carried away, 800 years before, was still in their possession; whereas it was in ruins, and the sacred ground on which it stood was trodden by Mahometans. Even if the temple had been standing and occupied by the ancient idols, the Hindoo priests would have regarded the gates as polluted by being so long in the possession of unbelievers. Viewed as the reversal of a national humiliation the act was equally absurd. It could be no gratification to a subjugated race to have restored to them by a foreign Power a trophy that had been carried away 800 years before. Worst of all, the gates were discovered to be spurious copies of the originals. The Temple of Somnath was never restored, and the gates were consigned to an armoury.
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THREE:The Attorney-General, Sir R. Gifford, was then called in, when he proceeded to state the case against the queen. He traced her Majesty's conduct from the time at which she left England, in 1814. Her suite consisted of Lady Charlotte Lindsay and Lady Elizabeth Forbes, and the Hon. Keppel Craven; Sir William Gell and a Mr. Fitzgerald as chamberlains, with Captain Hash as equerry; Dr. Holland as physician; and other persons, in various capacities. She went first to Brunswick, her native place, and thence to Milan, where she remained three weeks. There Bartolomeo Bergami was received into her service as a courier, having been a servant in a similar capacity to a General Picco. The princess went next to Rome, and thence to Naples, where she arrived on the 8th of November, 1814. Her adopted child, William Austin, then only six or seven years of age, to whom she was particularly attached, had been in the habit of sleeping in a bed in the same room with her, while, according to the domestic arrangements that had been adopted, Bergami slept, among other menial servants, at a distance. On the 9th of November, three weeks after his appointment, an apartment was assigned to Bergami near her own bedroom, and communicating with it by means of a corridor. The surprise occasioned by this alteration was increased when the princess directed that the child Austin should no longer sleep in her room. There was an air of hurry, agitation, and embarrassment about her manner which awakened suspicion, which was increased in the morning, according to the story of the witnesses, when they found that her own bed had not been occupied, and instead of summoning her female attendants at the usual time, she remained in the apartment of Bergami until a late hour. Her recent arrival at Naples naturally induced persons of consequence to pay their respects to her, but she was not accessible. The Attorney-General thought their lordships could[211] have no doubt that "this was the commencement of that most scandalous, degrading, and licentious intercourse which continued and increased." The natural effect of this was that Bergami assumed airs of importance, and became haughty and arrogant with the other servants. A few days afterwards the princess gave a masked ball to the person then filling the Neapolitan throne. She first appeared as a Neapolitan peasant, but soon retired to assume another character, taking the courier with her, for the purpose of changing her costume. She then came forth as the genius of history, in a dress, or rather want of dress, of a most indecent and disgusting kind. The Attorney-General referred to a number of facts of a similar kind to those already detailed; also to instances of indelicacy and indecency, in which the queen was said to have indulged in the presence of her attendants and of strangers. On the fourth day, after the conclusion of his address, he proceeded to call his witnesses, and for more than a month the House was occupied in hearing their evidence.In the meantime the nation began to form itself rapidly into two partiesReformers and Anti-Reformers. The Tories were all reunited, driven together by the sense of a common danger; divisions occasioned by the currency and agricultural distress were all forgottenall merged in one mighty current of Conservative feeling. The whole strength of that party rallied under the leadership of Sir Robert Peel. His bitterest opponents, such as Lord Winchilsea and Sir Edward Knatchbull, were among the most ardent and cordial of his allies. On the other hand, the Reformers were in transports of joy and exultation. "I honestly confess," said Mr. John Smith, "that when I first heard the Ministerial proposal, it had the effect of taking away my breath, so surprised and delighted was I to find the Ministers so much in earnest." This was the almost universal feeling among Reformers, who comprised the mass of the middle and working classes. No Bill in the Parliamentary annals of Britain was ever honoured like this. It was accepted by universal suffrage as the Charter of Reform. Every clause, every sentence, every word in it was held sacred; and the watchword at every meeting was, "The Bill, the whole Bill, and nothing but the Bill." Petitions were got up in every town, and almost every parish, some of them bearing twenty thousand or thirty thousand signatures, demanding the passing of the Bill untouched and unimpaired.

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THREE:The real fact was, that exertions equally strenuous were all this time being made on the part of the Pretender. As the state of Anne's health became more and more precarious, both parties increased their efforts to secure their ground, and there was a most active and incessant struggle going on round the throne to enable the head of either party to step into it the moment it became vacant. It was considered essential for the claimant to be on the spot, and, therefore, every means was used to induce the queen to admit the Pretender as well as a member of the Electoral House to Court. It was a scheme of the Duke of Berwick, which he communicated to Oxford through the Abb Gualtier, that the queen should be induced to consent to do her brother justice; that he should go to St. James's, and that on the understanding that he consented to allow liberty of the subject and of religion, the queen should pass such Acts as were necessary for the public security on these heads, and that then she should suddenly introduce him in full Parliament.

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THREE:But here their career was doomed to end. Preston had witnessed the rout of the Royalists by Cromwell, and it was now to witness the rout of the rebels by the Royalists. Carpenter, on finding that the insurgents had taken the way through Cumberland, also hastened back to Newcastle and Durham, where he was joined by General Wills. Wills was in advance with six regiments of cavalry, mostly newly-raised troops, but full of spirit, and well-officered. He came near Preston on the 12th of November, whilst Carpenter was approaching in another direction, so as to take the enemy in the flank. Forster quickly showed that he was an incompetent commander. He was at first greatly elated by the junction of the Lancashire men, but, on hearing that the royal troops were upon them, he was instantly panic-stricken, and, instead of issuing orders, or summoning a council, he betook himself to bed. Lord Kenmure roused him from his ignominious repose, but it was too late; no means were taken to secure the natural advantages of the place. The bridge over the Ribble, which might have kept the enemy at bay, was left undefended; so that when Wills rode up to it on the morning of the 13th, he imagined that the rebels had evacuated the place. Besides the bridge over the river, there was a deep and hollow way of half a mile from the bridge to the town, with high and steep banks, from which an army might have been annihilated; but all was left undefended. It was only when Wills advanced into the town that he became aware that the rebels were still there, and found his path obstructed by barricades raised in the streets. His soldiers gallantly attacked these barricades, but were met by a murderous fire both from behind them and from the houses on each side. But luckily for the royal forces the least ability was wanting in the rebel commander. With all the advantages on his side, Forster secretly sent Colonel Oxburgh to propose a capitulation. Wills at first refused to listen to it, declaring that he could not treat with rebels who had murdered many of the king's subjects; but at length he said, if they would lay down their arms, he would defend them from being cut to pieces by the soldiers till he received further orders from Government. One thousand five hundred men surrendered, including eight noblemen, but a good many escaped.
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TWO:By this dispersion of the Spaniards the British battalions were wholly exposed, and the whole might of Soult's force was thrown upon them. A tremendous fire from the hills, where the Spaniards ought to have stood, was opened on the British ranks, and several regiments were almost annihilated in a little time. But the 31st regiment, belonging to Colborne's brigade, supported by Horton's brigade, stood their ground under a murderous fire of artillery, and the fiery charge of both horse and foot. They must soon have fallen to a man, but Beresford quickly sent up a Portuguese brigade, under General Harvey, to round the hill on the right, and other troops, under Abercrombie, to compass it on the left; while, at the suggestion of Colonel (afterwards Lord) Hardinge, he pushed forward General Cole with his brigade of fusiliers up the face of the hill. These three divisions appeared on the summit simultaneously. The advance of these troops through the tempest of death has always been described as something actually sublime. Moving onward, unshaken, undisturbed, though opposed by the furious onslaught of Soult's densest centre, they cleared the hill-top with the most deadly and unerring fire; they swept away a troop of Polish lancers that were murderously riding about goring our wounded men, as they lay on the ground, with their long lances.Sir Arthur determined to give Soult as sharp a chase as he had given Sir John Moore. He wrote to General Beresford to hold Villa Real, if possible, whilst he pressed on the heels of Soult. On the 16th of May he came up with Soult's rear, near Salamonde, defeated the rear-guard, killed and wounded a great number of men, and Sir Arthur wrote that, had they had half an hour's more daylight, he should have taken the whole of his rear-guard. He added: "I shall follow him to-morrow. He has lost everythingcannon, ammunition, baggage, military chestand his retreat is in every respect, even in weather, a pendant for the retreat to Corunna." In truth, had Sir John Moore sent a Nemesis to avenge himself, it could not have executed a more complete retribution. All the horrors of Sir John's retreat, and far worse, were repeated. The French had exasperated the population here, as everywhere, by their reckless cruelties and rapacity, and they surrounded the flying army, and killed every man that they could find straggling, or who was left exhausted on the road. On the other hand, the French tracked their retrograde path with equal fury. "Their route," says Sir Arthur, "could be traced by the smoke of the villages that they set on fire." Sir Arthur, in his dispatches, also says that, during their abode in Portugal, the French had murdered people merely because they did not like their seizure of their country; and that he saw men hanging on trees by the roadside, whom they had executed for no other reason. So the scene of Soult's retreat was now one long picture of Pandemoniumthe whole way strewn with dead men, horses, and mules; a wasted country, and an infuriated peasantry seeking to wreak their vengeance. Sir Arthur stopped his pursuit near the frontiers of Spain. He could not overtake Soult, who fled flinging away every impediment, whilst he was compelled to carry his supplies and artillery along with him. Besides, the French, since the defeat of the Spaniards at Tudela, had entered Andalusia in great force, where there was no army to oppose them except the ill-equipped one of the proud and unmanageable General Cuesta; and Marshal Victor, who commanded in Estremadura, might readily have made a descent on Lisbon, had Wellesley gone far into Spain. He therefore resolved to return to Oporto, to make necessary inquiries as to the roads into Spain; to improve his commissariat; and then, forming a junction with Cuesta, to[575] advance against Marshal Victor. Whilst at Oporto he had the satisfaction to learn that Frere was superseded by his own brother, Lord Wellesley, as ambassador for Spain, a circumstance of immense importance to the cause.

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Encouraged by their success against the commercial treaty, the Whigs demanded that the Pretender, according to the Treaty of Peace, should be requested to quit France. It had been proposed by the French Court, and privately acceded to by Anne, that he should take up his residence at Bar-le-duc or Lorraine. The Duke of Lorraine had taken care to inquire whether this would be agreeable to the queen, and was assured by her Minister that it would be quite so. As his territorythough really a portion of Francewas nominally an independent territory, it seemed to comply with the terms of the Treaty; but the Whigs knew that this was a weak point, and on the 29th of June Lord Wharton, without any previous notice, moved in the Peers that the Pretender should remove from the Duke of Lorraine's dominions. The Court party was completely taken by surprise, and there was an awkward pause. At length Lord North ventured to suggest that such a request would show distrust of her Majesty; and he asked where was the Pretender to retire to, seeing that most, if not all, the Powers of Europe were on as friendly terms with the king as the Duke of Lorraine. Lord Peterborough sarcastically remarked that as the Pretender had begun his studies at Paris, he might very fitly go and finish them at Rome. No one, however, dared to oppose the motion, which was accordingly carried unanimously. On the 1st of July, only two days afterwards, General Stanhope made a similar motion in the House of Commons, which was equally afraid to oppose it, seeing that the House was still under the Triennial Act, and this was its last session. The slightest expression in favour of the Pretender would have to be answered on the hustings, and there was a long silence. Sir William Whitelock, however, was bold enough to throw out a significant remark, that he remembered the like address being formerly made to the Protector to have King Charles Stuart removed out of France, "leaving to every member's mind to suggest how soon after he returned to the throne of England notwithstanding." The addresses carried up from both Houses were received by the queen with an air of acquiescence, and with promises to do her best to have the Pretender removed. Prior, in Paris, was directed to make the wishes of the public known to the French Government. But this was merely pro forma; it was understood that there was no real earnestness on the part of the English queen or ministry. Prior, writing to Bolingbroke, said that De Torcy asked him questions, which for the best reason in the world he did not answer; as, for instance, "How can we oblige a man to go from one place when we forbid all others to receive him?" In fact, the Abb Gualtier, in his private correspondence, assures us that Bolingbroke himself suggested to the Duke of Lorraine the pretexts for eluding the very commands that he publicly sent him.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.
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