THREE:Walpole, however, continued to oppose the South Sea Bill in the Commons, declaring that the terms were too extravagant ever to be fulfilled; that the experiment could result in nothing but a fearful increase of the costs of stockjobbing, and final confusion and ruin. He insisted that, before the proposals of the Company were accepted,[47] the rise of their stock should be limited, and every means taken to prevent the fever of infatuation that would ensue from the promise of dividends out of funds which could never be realised. He proposed for this purpose the introduction of a clause fixing the number of years' purchase to be granted to the annuitants of the South Sea Company; but to this it was objected that it was the interest of the Company to take up the annuities; and, as the annuitants had the power of coming in or not, as they pleased, the Company would, of course, offer advantageous terms, and, therefore, the whole affair might be safely left to private adjustment. Aislabie added that the South Sea Company would not submit to be controlled in an undertaking they were to pay so dear for. The Bill passed both Houses.

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THREE:The Bastille surrendered almost immediately after the governor had been seized with despair. The French Guard began to cannonade the fortress; the captain of the Swiss, who might undoubtedly have held out much longer, saw that no rescue came, and that prolonged resistance would only lead in the end to sanguinary vengeance, he therefore hoisted a white flag. The captain of the Swiss demanded to be allowed to capitulate, and to march out with the honours of war; but the furious mob cried out, "No capitulation! no quarter! The rascals have fired upon the People!" The Swiss captain then said that they would lay down their arms, on condition that their lives should be spared. Then the gates of the old prison were thrown open, and the furious and triumphant mob burst in. The news of the fall of the Bastille came as a thunder-clap. The king, who had not been so confident, was gone to bed. The Duke de Liancourt, Grand Master of the Wardrobe, by virtue of his office went to his bedside, awoke him, and told him the amazing fact. "What!" exclaimed Louis, "is it, then, really a revolt?" "Say, rather, sire," replied the Duke, "a revolution!"But, in the first place, he announced to the Queen of Etruria, whom he had hitherto allowed to retain her Italian territory in right of her infant son, that she must give that up and accept the kingdom of Northern Lusitania in Portugal. This princess had an ominous persuasion that her son would never possess, or, if he possessed, would never retain this Northern Lusitania; but she had no alternative and, in the month of June following, the kingdom of Etruria was converted into three new departments of France. This having been arranged, this setter-up and puller-down of kingdoms proceeded to compel the Pope to adopt his system. Pius VII. did not seem disposed to comply. He had no quarrel with Britain; had no advantage, but much the contrary, in depriving his subjects of articles of British manufacture; besides that, amongst the numerous adherents of the Church in Ireland he would create great prejudice. But all these reasons had no more weight with the haughty egotism of Buonaparte than so much air. He forced his troops into the Papal territories; threw a strong body into Ancona on the Adriatic, and another into Civita Vecchia, and at the mouth of the Tiber. The Pope protested against the violent invasion of his principality, but in vain; Buonaparte insisted that he should declare war against Britain. Pius then consented to close his ports, but this did not satisfy Napoleon; he demanded that war should be declared, pronouncing himself the heir of Charlemagne, and therefore suzerain of the Pope, and he demanded compliance. On the Pope continuing obstinate, Buonaparte forced more troops into his States, and sent General Miollis to take possession of Rome. This accordingly was done in February, 1808. The Pope shut himself up in the Quirinal palace, and the French surrounded him with troops and cannon, and held him prisoner to compel him to comply. The Pope, though shut up in the Quirinal and deprived of his cardinals, remained unshaken, and protested solemnly against this violent usage and robbery by the man whom he had consented to crown and to make a concordat with. When the magistrates and priests of the Marches were called on to take the oath of allegiance to Napoleon, they refused almost unanimously, and were driven out of the States, or shut up in prisons and fortresses in the Alps and Apennines.

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THREE:

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THREE:Meanwhile the Convention determined to proceed to the abolition of the Constitution of '93, and to the establishment of one more accordant[448] with their own tendencies. In 1793 the Revolutionists were as violent against aristocracy as against monarchy, and had allowed only one legislative body. The precipitate acts of the last three years had now persuaded them that at least a second, if not an aristocratic, chamber might be useful, as a balance against legislation under violent impulses. They proposed, then, to have two chambers��one called the Council of Five Hundred, composed of that number of members of at least thirty years of age, having exclusively the right of proposing laws, of whom one-third should be renewed every year; the second, called the Council of the Ancients, to consist of two hundred and fifty members, of at least forty years of age, all either widowers or married, having the sanctioning of the law, and also to be annually renewed by one-third. No sooner were these decrees passed than there was a violent outburst of discontent. On April 1st, and again on May 20th, the Parisian mob rose in insurrection, but were completely suppressed. This was the death-blow of the Democratic party. Then came the turn of the Royalists. A meeting took place in the Od��on theatre, on the 3rd of October, under protection of some battalions of National Guard. The Duke of Nivernois presided. The Committees of Public Safety and Welfare gave the alarm to the Convention, and the Convention sent a force to disperse the meeting, but it had already dissolved itself. The Sections had committed the mistake of refusing to allow the ultra-Jacobins to vote, and the Convention now embodied and armed one thousand eight hundred of these, ready, in their indignation, to do anything. On the 4th, the Section Lepelletier beat to arms, and the committee held its meeting in the convent of Filles St. Thomas, in the Rue Vivienne. General Menou was summoned from the camp at Sablons, and ordered to disperse the meeting. He proceeded to the convent, found the committee of the Section armed, and, instead of dispersing them, agreed to retire on a promise that they would withdraw of themselves. The Convention immediately arrested Menou as a traitor, and deprived him of his command. They forthwith appointed Barras general of the interior in the place of Menou, and ordered him to clear the streets, and place troops in a position to insure the safety of the Convention. Barras was a general of brigade, but he was not too fond of exposing himself and, fortunately for him and for another, he had his eye on one who would execute the orders of the Convention without shrinking. This was Napoleon Buonaparte. The Convention had about five thousand troops; but the decision of the conflict must depend on the cannon. These were in the camp at Sablons. Buonaparte instantly dispatched Murat to secure them, and received the insurrectionists with such a shower of grape that after a short resistance they were completely defeated.The change of Ministers and some additions to the peerage caused several elections. Mr. Littleton was raised to the Upper House with the title of Lord Hatherton, and Mr. Charles Grant as Lord Glenelg. They were promptly replaced by Conservatives. Lord John Russell having lost his election for South Devon, Colonel Fox made way for him at Stroud, which borough continued to furnish a seat for the noble lord during many years. Lord Palmerston had been defeated in Hampshire at the general election; but Mr. Kennedy retired to make way for him at Tiverton, which had the honour of being represented by the Foreign Secretary until his death. Lord Morpeth had to stand a severe contest in Yorkshire, but he was returned by a large majority.

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