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NAPOLEON SIGNING HIS ABDICATION. (See p. 83.)

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HANDEL.LORD NELSON. (After the Portrait by Sir William Beechey, R.A.)
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FORE:
THREE: Amount Pending For Approval
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. Pending For New Events
THREE: To Be Made For New Orders
THREE:On the 12th of February, 1823, the President of the Board of Trade said, in his place in Parliament:"The general exports of the country in the four years from 1815 to 1819 had decreased 14,000,000 in official value; and he took the official value in preference to the declared, because it was from the quantity of goods produced that the best measure was derived of the employment afforded to the different classes of the community. In the year from the 5th of January, 1819, to the 5th of January, 1820, the exports of the country fell off no less than 11,000,000; and in looking at that part of it which more completely embraced British or Irish manufacture, he found that the difference in four years was 8,414,711; and that in the year from the 5th of January, 1820, to the 5th of January, 1821, there was a decrease of 8,929,629. Nobody, therefore, could be surprised that, at that period, the industry of the country appeared to be in a state of the utmost depression; that our manufacturers were most of them unemployed; that our agriculturists were many of them embarrassed; and that the country, to use the phrase of a friend of his in presenting a petition from the merchants of London, 'exhibited all the appearances of a dying nation.' Though the condition of the agricultural interest was not as favourable as he could wish, still it was most satisfactory for him to state that not only did the exports of last year [1822] exceed those of all the years to which he had been alluding, but also those of the most flourishing year which had occurred during the continuance of the war. In all material articles there had been a considerable increase. The export of cotton had increased ten per cent., and hardware seventeen per cent.; of linens twelve per cent., and of woollens thirteen per cent.; and the aggregate exports of 1822 exceeded those of 1820 by twenty per cent., and of 1821 by seven per cent., notwithstanding a deduction was to be made from the exports of one great article, sugar, owing to a prohibitory decree of Russia, amounting to thirty-five per cent." The result of this prosperous state of things was that, in 1823, the new Chancellor of the Exchequer was enabled to present the best and most popular Budget that had been laid before Parliament for many years, remitting a large amount of taxes that had pressed most heavily on the springs of industry, and inflicted the greatest amount of inconvenience and privation upon the people. The revenue of the nation in that year was 57,000,000, and the expenditure was estimated at 49,672,999, leaving a surplus of upwards of 7,000,000. Of this surplus, 5,000,000 was set aside for the reduction of the National Debt, and the remainder for the remission of taxes. As the assessed taxes were most oppressive, they were reduced fifty per[239] cent., a reduction which was estimated on the window tax alone at 1,205,000. On the whole, the assessed taxes were reduced by 2,200,000. This included 100,000, the total amount of assessed taxes in Ireland. In England the whole of the window tax was removed from the ground floors of shops and warehouses.CHAPTER IV. PROGRESS OF THE NATION DURING THE REIGN OF GEORGE III. That Should Be Resolved Now
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FORE:The retreat was made, and the men found themselves again in the morning on the bleak, black heath of Drummossie, hungry and worn out, yet in expectation of a battle. There was yet time to do the only wise thingretreat into the mountains, and depend upon a guerilla warfare, in which they would have the decided advantage. Lord George Murray now earnestly proposed this, but in vain. Sir Thomas Sheridan and other officers from France grew outrageous at that proposal, contending that they could easily beat the English, as they had done at Prestonpans and Falkirkforgetting that the Highlanders then were full of vigour and spirit. Unfortunately, Charles listened to this foolish reasoning, and the fatal die was cast.
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FORE:[See larger version]This was a serious position of affairs for the consideration of the new Whig Ministry. They were called on to declare, either that Ireland was part of the empire, and subject to the same laws, as regarded the empire, as Great Britain, or that it was distinctly a separate empire under the same king, just as Hanover was. The Ministry of Rockingham have been severely blamed by one political party, and highly lauded by another, for conceding the claims of Ireland on that head so readily; for they came to the conclusion to yield them fully. They were by no means blind to the[290] difficulties of the case, and to the evils that might arise from a decision either way. But the case with the present Ministry was one of simple necessity. England had committed the great error of refusing all concession to demanded rights in the case of America, and now lay apparently too exhausted by the fight to compel submission, with all Europe in arms against her. Ireland, aware of this, was in arms, and determined to profit by the crisis. Fox, therefore, on the 17th of May, announced the intention of Ministers at once to acknowledge the independence of Ireland by repealing the Act of the 6th of George I. Fox, in his speech, declared that it was far better to have the Irish willing subjects to the Crown than bitter enemies. The Bill repealing the 6th of George I. accordingly passed both Houses as a matter of course, and the effect upon Ireland was such, that in the first ebullition of the national joy the Irish House of Commons voted one hundred thousand pounds to raise twenty thousand seamen. The Irish Commons, moreover, offered to grant Grattan, for his patriotic and successful exertions in this cause, a similar sum, to purchase him an estate. Grattanthough a poor man, his income at that time scarcely exceeding five hundred pounds a yeardisinterestedly refused such a sum, and was only with difficulty induced ultimately to accept half of it.
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FORE:MOB BURNING A FARM IN KENT. (See p. 325.)[See larger version]
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FORE:General Lake had no sooner seen Delhi clear of the enemy than he marched to Agra, which he reached on the 4th of October, and carried on the 17th. But Scindiah had availed himself of his absence, and made a sudden rush on Delhi, with[493] seventeen well-disciplined battalions of infantry and between four thousand and five thousand cavalry. The Mahratta troops had been well trained by the French, who hoped, by their means, to crush the power of the British in India, and had shown throughout this war wonderfully increased efficiency, yet General Lake did not hesitate, with his small force, to go in quest of them. He started on the 27th of October, and after marching in heavy rains and through dreadful roadsthe country having been purposely inundated by Scindiah's officers cutting down the banks of reservoirshe came upon the Mahrattas on the 31st, near the village of Laswaree, their left flanked by that village, their right by a stream, and their front protected by seventy-two pieces of cannon. A furious battle took place, in the course of which Lake's troops were repeatedly repulsed, but returned to the attack undauntedly, and the successive charges by the bayonet, and the gallant conduct of the cavalry, at length, in the face of terrible discharges of grape-shot and canister, drove the Mahrattas from all their positions. The enemy had fought desperately, and step by step only had given way, but in the end the rout was completecannon, baggage, and almost everything, being left in the hands of the British (November 1st, 1803). This division of Scindiah's army was thus annihilated, and all the territory watered by the Jumna left in the hands of the British.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.
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  • FORE:Soon after the prorogation of Parliament in the autumn her Majesty resolved to pay her first visit to her Irish subjects. At Cowes a royal squadron was in readiness to convoy the Victoria and Albert across the Channel. The Queen was accompanied by Prince Albert, the Prince of Wales, Prince Alfred, the Princess Royal, and the Princess Alice. The royal yacht anchored alongside the Ganges, her arrival off the Irish coast being announced by the booming of artillery on the 2nd of August, which was the signal for the lighting of bonfires upon the hills around the picturesque town of Cove. In the morning a deputation went on board, consisting of the Marquis of Thomond, head of the house of O'Brien, the Earl of Bandon and several of the nobility and gentry of the county, with the Mayor of Cork, and Mr. Fagan, M.P. for that city. They were introduced to her Majesty by Sir George Grey, the Secretary of State in attendance during the visit. Arrangements were then made for the landing, and about three o'clock the Queen first set foot upon Irish[572] ground, amidst the most enthusiastic demonstrations of loyalty from the multitudes assembled to bid their Sovereign welcome, mingling their cheers with the roar of cannon, which reverberated from the hills around. A pavilion had been erected for her Majesty's reception, and over it floated a banner, with the word "Cove" emblazoned upon it. The Queen had consented, at the request of the inhabitants, to change the name of the place and call it "Queenstown," and when she left the pavilion the first flag was pulled down and another erected in its stead, with the new name. Thus the old name of "Cove" was extinguished by the Queen's visit, just as the old name of "Dunleary" had been extinguished by the visit of George IV.

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    FORE:The campaign against the French was opened in February by Prince Ferdinand of Brunswick attacking the Duke de Broglie, and driving him out of Cassel. Prince Ferdinand followed up this advantage by attacking them in Marburg and G?ttingen, and applied himself particularly to the siege of Cassel. But Broglie, now recovered from his surprise, first defeated the hereditary Prince of Brunswick, Ferdinand's nephew, at Stangerode, and then repulsed Ferdinand himself from Cassel. Donec sit amet ligula enim. Duis vel condimentum massa. Maecenas eget congue dui. Vestibulum et eros consectetur, interdum nibh et, volutpat dolor.
    FORE:The only attempts at reform were in the commissariat and discipline of the army. The soldiers were allowed an extra quantity of bread and meat, and the militia regiments were permitted to have artillery, and to increase their force and improve their staffs. But even these reforms were made unconstitutionally by the dictum of the Ministers, without the authority of Parliament, and occasioned smart but ineffectual remonstrances from the House. Every motion for inquiry or censure was borne down by the Ministerial majority.But Hastings had scarcely terminated these proceedings, when the new members of Council, appointed under the Regulating Act, arrived. On the 19th of October, 1774, landed the three Councillors, Clavering, Monson, and Francis; Barwell had been some time in India. The presence of the three just arrived was eminently unwelcome to Hastings. He knew that they came with no friendly disposition towards him, and that Philip Francis, in particular, was most hostile. The letter of the Court of Directors recommended unanimity of counsels, but nothing was further from the views of the new members from Europe. As they were three, and Hastings and Barwell only two, they constituted a majority, and from the first moment commenced to undo almost everything that he had done, and carried their object. They denounced, and certainly with justice, the Rohilla war; they demanded that the whole correspondence of Middleton, the agent sent to the court of Oude by Hastings, should be laid before them. Hastings refused to produce much of it, as entirely of a private and personal nature; and they asserted that this was because these letters would not bear the light, and that the whole of Hastings' connection with Sujah Dowlah was the result of mercenary motives. In this they did the Governor-General injustice, for, though he drew money sternly and by every means from the India chiefs and people, it was rather for the Company than for himself. They ordered the recall of Middleton from Oude, deaf to the protests of Hastings that this was stamping his conduct with public odium, and weakening the hands of government in the eyes of the natives. Still, Middleton was recalled, and Mr. Bristow sent in his place. Hastings wrote home in the utmost alarm both to the Directors and to Lord North, prognosticating the greatest confusion and calamity from this state of anarchy; and Sujah Dowlah, regarding the proceedings of the new members of Council as directed against himself, and seeing in astonishment the authority of Hastings apparently at an end, was so greatly terrified that he sickened and died. Donec sit amet ligula enim. Duis vel condimentum massa. Maecenas eget congue dui. Vestibulum et eros consectetur, interdum nibh et, volutpat dolor.
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Paine, in his "Rights of Man," was far from restricting himself to the courtesies of life in attacking Burke. He had been most hospitably received by Burke on many occasions at his house, and had corresponded with him, and must therefore have seen sufficient of him to know that, though he might become extremely enthusiastic in his championship of certain views, he could never become mean or dishonest. Yet Paine did not hesitate to attribute to him the basest and most sordid motives. He branded him as the vilest and most venal of apostates. Paine had, in fact, become a monomaniac in Republicanism. He had been engaged to the last in the American Revolution, and was now living in Paris, and constantly attending the Jacobin club. He was hand-in-hand with the most rabid of the Republicans, and was fast imbibing their anti-Christian tenets. Paine fully believed that the French were inaugurating something much finer than any millennium; that they were going to establish the most delightful liberty, equality, and fraternity, not simply throughout France but throughout the world. Before the doctrines of the French clubbists and journalists, all superstition, all despotism, all unkindness were to vanish from amongst mankind, and a paradisiacal age of love and felicity was to commence. To those who pointed to the blood and fury already too prominently conspicuous in this business, he replied that these were but the dregs of corrupt humanity, which were working off in the great fermentation, and all would become clear and harmonious.
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