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The distress which had pressed so severely on the people, and which had set them thinking about the most perilous political changes, was intimately connected with the state of the country. Throughout the troubled period of almost incessant war and lavish expenditure between 1797 and 1815, the business of the nation was carried on with an inconvertible paper currency, the precious metals having nearly all departed from the country. Bank notes were issued in such quantities, to meet the exigencies of the Government, that the prices of all commodities were nearly doubled. The Bill which was passed in 1819 providing for the resumption of cash payments had reduced the currency from 48,278,070, which was its amount in 1819, to 26,588,000, in 1822. The consequence was the reduction of prices in the meantime, at the rate of fifty per cent., in all the articles of production and commerce. With this tremendous fall of prices, the amount of liabilities remained unchanged; rents, taxes, and encumbrances were to be paid according to the letter of the contract, while the produce and commoditiesthe sale of which was relied upon to pay themdid not produce more than half the amount that they would have brought at the time of the contracts. The evil of this sudden change was aggravated by the South American Revolution, in consequence of which the annual supply of the precious metals was reduced to a third of its former amount. It was peculiarly unfortunate that this stoppage in the supply of gold and silver occurred at the very time that the Legislature had adopted the principle that paper currency should be regarded as strictly representing gold, and should be at any moment convertible into sovereigns. A paper currency should never be allowed[238] to exceed the available property which it represents, but it is not necessary that its equivalent in gold should be lying idle in the coffers of the Bank, ready to be paid out at any moment the public should be seized with a foolish panic. It is enough that the credit of the State should be pledged for the value of the notes, and that credit should not be strained beyond the resources at its command. The close of 1822 formed the turning-point in the industrial condition of the country. The extreme cheapness of provisions, after three years of comparative privation, enabled those engaged in manufacturing pursuits to purchase many commodities which they had hitherto not been able to afford. This caused a gradual revival of trade, which was greatly stimulated by the opening of new markets for our goods, especially in South America, to which our exports were nearly trebled in value between 1818 and 1823, when the independence of the South American Republics had been established. The confidence of the commercial world was reassured by the conviction that South America would prove an unfailing Dorado for the supply of the precious metals. The bankers, therefore, became more accommodating; the spirit of enterprise again took possession of the national mind, and there was a general expansion of industry by means of a freer use of capital, which gave employment and contentment to the people. This effect was materially promoted by the Small Note Bill which was passed in July, 1822, extending for ten years longer the period during which small notes were to be issued; its termination having been fixed by Peel's Bill for 1823. The average of bank-notes in circulation in 1822 was 17,862,890. In November of the following year it had increased by nearly two millions. The effect of this extension of the small note circulation upon prices was remarkable. Wheat rose from 38s. to 52s., and in 1824 it mounted up to 64s. In the meantime the bullion in the Bank of England increased so much that whereas in 1819 it had been only 3,595,360, in January, 1824, it amounted to 14,200,000. The effect of all these causes combined was the commencement of a reign of national prosperity, which burst upon the country like a brilliant morning sun, chasing away the chilling fogs of despondency, and dissipating the gloom in the popular mind.Referring to the means at the disposal of Government for putting down the agitations by military force, Peel has this remarkable passage:"This is a very delicate matter to discuss; but why have I deferred for twenty years this vindication of my conduct? Why have I consented to submit for that long period to every reproach which malice, or mistake, or blindness to the real state of affairs could direct against me, except in the hope that the time would come (I cared little whether I were in the grave or not when it should come) when delicate matters might safely be discussed, and when, without prejudice to the public interests, or offence to private feelings, the whole truth might be spoken? I deliberately affirm that a Minister of the Crown, responsible at the time of which I am speaking for the public peace and the public welfare, would have grossly and scandalously neglected his duty if he had failed to consider whether it might not be possible that the fever of political and religious excitement which was quickening the pulse and fluttering the bosom of the whole Catholic populationwhich had inspired the serf of Clare with the resolution and energy of a free manwhich had, in the twinkling of an eye, made all considerations of personal gratitude, ancient family connection, local preferences, the fear of worldly injury, the hope of worldly advantage, subordinate to the all-absorbing sense of religious obligation and public dutywhether, I say, it might not be possible that the contagion of that feverish excitement might spread beyond the barriers which, under ordinary circumstances, the habits of military obedience and the strictness of military discipline opposed to all such external influences."
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ONE:It was now found that our pretended Mahratta allies, the Peishwa, Scindiah, and other chiefs, were in league with Cheetoo, and unless this conspiracy were broken the most fearful devastations might be expected on our states. The Governor-General represented this to the authorities at home, and recommended that the Pindarrees should be regularly hunted down and destroyed. In the course of 1816 he received full authority to execute this scheme. At the end of October he posted Lieutenant-Colonel Walker along the southern bank of the Nerbudda, to prevent the Pindarrees from crossing into the Company's territories; but as the line of river thus to be guarded was one hundred and fifty miles in length, the force employed was found insufficient against such adroit and rapid enemies. In November Cheetoo dashed across the river between Lieutenant-Colonel Walker's posts, and his forces dividing, one part made a rapid gallop through forests, and over rivers and mountains, right across the continent, into the district of Ganjam, in the northern Circars, hoping to reach Juggernaut and plunder the temple of its enormous wealth. But this division was met with in Ganjam by the Company's troops, and driven back with severe loss. The other division descended into the Deccan, as far as Beeder, where it again divided: one portion being met with by Major Macdonald, who had marched from Hyderabad, was completely cut up, though it was[139] six thousand strong. The other body struck westward into Konkan, under a chief named Sheik Dulloo, and then, turning north, plundered all the western coast, and escaped with the booty beyond the Nerbudda, though not without some loss at the hands of the British troops on that river.
ONE:[See larger version]Reproduced by Andr & Sleigh, Ld., Bushey, Herts.
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TWO:

日本化学機械製造は、国内外に豊富な実績を持つプラントエンジニアリングとものづくりのプロフェッショナル集団です。
設計?製造?建設?メンテナンスまで自社一貫で担い、
顧客企業様の課題を解決するベストパートナーであるために日々前進し続けています。
オンリーワンの技術を武器に、私たちと一緒にあらゆる分野のプラントエンジニアリングに挑戦してみませんか。

TWO:Such being the facts of the case, the Liberals came to the conclusion that a reform was inevitable. In order to adapt the Establishment to the requirements of the Protestant population, there must be a large reduction, and the surplus funds that remained ought to be applied to some object by which the moral and religious instruction of the people would be promoted. The least objectionable mode in which the money could be applied was the general education of the poor under the National Board, by which children of all denominations could be educated in harmony together, as they had been ever since its establishment. The reformers denied that there was any analogy between the revenues of the Established Church and private property. The Acts of Parliament securing those revenues had all treated them as being held in trust for the benefit of the nation; and after leaving ample means for the due execution of the trust, so far as it was really practicable, the Legislature was competent to apply the balance in accomplishing by other agency than the Protestant clergy, to some extent at least, the objects originally contemplated by the founders of the religious endowments.On the following morning, being Monday, the Ministers came to the resolution of entering the baronet's house by force; and, as he sat at breakfast with a considerable company of friends, an attempt was made by a man to enter by the window, which he broke in trying to raise the sash. This man was secured; but a more successful party of officers below dashed in a window on the ground floor, and soon appeared in the drawing-room. Sir Francis was seized and, still struggling and protesting, was conveyed to a carriage. Then, escorted by the military, he was taken to the Tower, amid tremendous crowds, crying "Burdett for ever!" A strong force had occupied the passage through the City, and had drawn up before the Tower before the arrival of the party with the prisoner, whom they had taken round by Pentonville and Islington. The scene during the conveyance of Sir Francis into the old fortress was indescribable for tumult and yelling. As the soldiers were returning they were hooted and pelted with stones, and at last they lost patience and fired, killing two persons and wounding several others.

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TWO:

担当者:総務課 西田佳司
TEL:06-6308-3887(内線215)
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TWO:RETREAT OF THE FRENCH FROM RUSSIA. (See p. 50.)With the war the manufacture of guns and arms of all kinds was greatly increased, and several important improvements were made in the construction of gun-barrels and their breeches. All kinds of cutlery were improved, but, at the same time, both Government, by contractors, and foreign countries, by merchants, were imposed on by articles that had more show than use, to the serious injury of the British reputation. Knives and razors were sent out of mere iron, and our pioneers and sappers and miners were often supplied with axes, picks, and shovels more resembling lead than iron.

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