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CHAPTER XII. THE PROGRESS OF THE NATION DURING THE REIGNS OF GEORGE IV. AND WILLIAM IV.

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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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CHAPTER XII. THE PROGRESS OF THE NATION DURING THE REIGNS OF GEORGE IV. AND WILLIAM IV.

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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:[429]Parliament again met for a few days, but only to vote Addresses of condolence and congratulation, as a dissolution had been determined on. The Marquis of Lansdowne pointed out that there was not the usual reason for a dissolution which occurred upon a demise of the Crown; but Lord Eldon explained that, at common law, the Parliament died with the Sovereign in whose name it was called; and although, by the statute of William III., it could sit six months longer, it was liable to be dissolved sooner; and constitutionally it ought to be dissolved as soon as public business would allow; so that noble lords who started any business to delay the dissolution would be obstructing the due exercise of the Royal Prerogative. He, as Lord Commissioner, therefore, concluded the Session by delivering the Royal Speech, which deplored the loss of a Sovereign, the common father of all his people, and praised the prudence and firmness with which the Lords and Commons had counteracted the designs of the disaffected.
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THREE:On the 18th of February, Colonel Fitzpatrick, Fox's most intimate friend, presented another petition from the electors of Westminster, praying to be heard by counsel, in consequence of new facts having come to light, but Lord Frederick Campbell, on the part of Government, moved that such counsel should not argue against the legality of the scrutiny. The counsel, on being admitted, refused to plead under such restrictions. The House then called in the high bailiff, and demanded what the new facts were on which the petition was based, and he admitted that they were, that the party of Mr. Fox had offered to take the scrutiny in the parishes of St. Margaret's and St. John's alone, where Mr. Fox's interest was the weakest, in order to bring the scrutiny to an end, and that Sir Cecil Wray had declined the offer. Colonel Fitzpatrick then moved that the high bailiff should be directed to make a return, according to the lists on the close of the poll on the 17th of May last. This motion was lost, but only by a majority of nine, showing that the opinion of the House was fast running against the new Minister, and on the 3rd of March Alderman Sawbridge put the same question again, when it was carried by a majority of thirty-eight. It was clear that the Government pressure could be carried no further. Sawbridge moved that the original motion should be put, and it was carried without a division. The next day the return was made, and Fox and Lord Hood were seated as the members for Westminster. Fox immediately moved that the proceedings on this case should be expunged from the journals, but without success. He also commenced an action against the high bailiff for not returning him at the proper time, when duly elected by a majority of votes. He laid his damages at two hundred thousand pounds, and the trial came on before Lord Loughborough, formerly Mr. Wedderburn, in June of the following year, 1786, when the jury gave him immediately a verdict, but only for two thousand pounds, which he said should be distributed amongst the charities of Westminster.Whilst things were in this position, Parliament met on the 13th of November. The great question on which the fate of the Ministry depended was that of the subsidies to Hesse and Russia. It was something new to see not merely an ordinary opposition, but the Chancellor of the Exchequer and the Paymaster of the ForcesLegge and Pittranging themselves against the king and their colleagues on this question. In the House of Lords the Address in reply to the royal speech, which implied approbation of these subsidies, was supported by Newcastle, Hardwicke, and the Duke of Bedford, who hitherto, since quitting office, had opposed everything, and was opposed by Lords Temple and Halifax. But the great struggle was in the Commons. The debate began at two in the afternoon, and continued till five the next morningthe longest hitherto recorded, except the one on the Westminster election in 1741. On this occasion William Gerard Hamilton made his first and almost last speech, which acquired him promotion in the Government of Ireland, and the cognomen of "Single-speech Hamilton." Murray spoke splendidly in defence of the subsidies; but Pitt, rising at one o'clock in the morning, after sitting eleven hours in that heated atmosphere, burst out upon the whole system of German subsidies with a tempest of eloquence which held the House in astonished awe. He denounced the whole practice of feeing the little German potentates as monstrous, useless, absurd, and desperate: an eternal drain on England for no single atom of benefit. He compared the union of Newcastle and Fox to the union of the Rh?ne and Sa?nea boisterous and impetuous torrent, with a shallow, languid, and muddy stream. But though Pitt's eloquence dismayed and confounded Ministers, it could not prevent their majority. The Address was carried by three hundred and eleven votes against one hundred and five; and it was now clear that Pitt must quit the Cabinet. In fact, in a very few days, not only he, but Legge and George Grenville, were summarily dismissed, and James Grenville, the other brother, resigned his seat at the Board of Trade.
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THREE:Meanwhile, the British and Prussian armies advanced, and on the 1st of July Wellington was within a few miles of Paris, with his right on the heights of Richebourg, and his left on the forest of Bondy; and Blucher, at the same time, crossing the Seine on the 2nd, posted his army, with its right at Plessis-Piquet, his left at St. Cloud, and his reserve at Versailles. In this position, Commissioners were sent by the Provisional Government to Wellington, desiring a suspension of hostilities, informing him that Buonaparte had abdicated and retired from Paris. The Duke replied, that so long as the army remained in Paris there could be no suspension of hostilities, and that he had no authority to treat on any question of government. The Commissioners demanded whether the Allies would stop if Napoleon II. was proclaimed? Wellington said "No." Whether they would stop provided they chose another prince of a royal house?probably meaning the Duke of Orleans. As the Duke said he had no orders to accept any such proposals, they were useless, and he handed to them the proclamation of Louis XVIII., offering to grant constitutional liberties, and to pardon all offenders, excepting a few who had committed the most recent and aggravated treason. These were supposed to mean Ney, Labdoyre, and some others. Wellington offered, however, to remain where he was on condition that the regular troops should be sent beyond the Loire, and the town be held by the National Guard till the king's arrival. The Commissioners did not comply with this demand; and the necessity of such compliance was sufficiently shown by this army disputing the advance of the Prussians on the 2nd of July. They had resisted Blucher at St. Cloud, Meudon, and in the village of Issy. Blucher succeeded, but with considerable loss; and the next day the French made another attack to recover Issy, but without effect.The French were driven again out of Naples by the end of July. Cardinal Ruffo brought down a wild army of Calabrians, and an army made up of Russians, Turks, Portuguese, and British, completed the expulsion of the Republicans and restored the king. In this restoration Nelson and his squadron took a most effective part; but unfortunately for his fame, he at this time became acquainted with Lady Hamilton, the wife of the British ambassador, and gave himself up entirely to her fascinations. Lady Hamilton was the friend of the Queen of Naples (a sister of the unfortunate Marie Antoinette), and she was said to have instigated Nelson to take a melancholy part in the savage retaliations of the court on the Neapolitan Republicans, but the charge has since been completely disproved. Nelson sent Commodore Trowbridge to Civita Vecchia to blockade it, and both that port and the castle of St. Angelo soon surrendered, and Captain Lewis rowed up the Tiber in his barge, hoisted the British colours on the Capitol, and acted as Governor of Rome till Pius VI., ejected by the French in the previous year, was nominally restored. The poor old man, however, never returned to his kingdom; he died at Valence, on the Rh?ne, on the 29th of August of this year. The election of the new Pope, Pius VII., did not take place till March, 1800. Before the end of the year, nearly all Italy, except Genoa, was cleared of the French.
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    TWO:The conduct of Vernon, though he had been the Idol of the Opposition, and not of the Ministry, as it became known, increased enormously the unpopularity of Walpole. Though he had literally been forced into the war by the Opposition, the whole of its disasters were charged, not on them, but on him; and they did not hesitate to throw from themselves upon him the odium of all its failures. The general election which now came on was seized upon to load Walpole with all the weight of the unsuccessful war. The Duchess of Marlborough, Pulteney, and the Prince of Wales raised funds to outbribe the master of corruption himself. They incurred heavy debts to complete his ruin, and as the news of the miserable issue of the expedition to the Spanish settlements came in, numbers of those who had been returned to Parliament as friends of the Ministry turned round and joined the Opposition in violent denunciations of the mismanagement of the war. Lord Chesterfield, whilst these transactions had been progressing, had hastened on to Avignon, and, taking up his quarters with the Duke of Ormonde, obtained from the Pretender letters to nearly a hundred Jacobites in England and Scotland, engaging them to put out all their power and influence against Walpole.[502]
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    TWO: "The Queen having considered the proposal made to her yesterday by Sir Robert Peel to remove the Ladies of her Bedchamber, cannot consent to adopt a course which she conceives to be contrary to usage, and which is repugnant to her feelings."On the 7th of March the House of Commons went into committee on the establishment of the Duke of York, on account of his marriage. Fox united with Pitt in supporting the recommendation that twenty-five thousand pounds per annum should be added to the twelve thousand pounds which the duke already had; besides this the duke had a private yearly revenue of four thousand pounds, making altogether forty-one thousand a year, in addition to the bishopric of Osnaburg, in Germany, which had been conferred on the duke, though a layman and a soldier. Notwithstanding the union of Whigs and Tories on this occasion, the vote did not pass without some sharp remarks on the miserable stinginess of the King of Prussia, who only gave his daughter the paltry sum of twenty-five thousand pounds as a dowry, and stipulated that even that should be returned in case of the duke's death, though in that case his daughter was to have a permanent allowance of eight thousand pounds a year.
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