TWO:But the matter was not to be thus peacefully ended. Before Lord Exmouth had cleared out of the Mediterranean, the Algerines��not in any concert with their Government but in an impulse of pure fanaticism��had rushed down from their castle at Bona on the Christian inhabitants of the town, where a coral fishery was carried on chiefly by Italians and Sicilians, under protection of a treaty made by Britain, and under that of her flag, and committed a brutal massacre on the fishermen, and also pulled down and trampled on the British flag, and pillaged the house of the British vice-consul.The king and his war cabinet were now compelled to sue to France for the peace which was so freely offered the year before. Newcastle wrote to Sandwich in April, that the impossibility of arresting the progress of the French army, the discordant pretensions of the Allies, and their gross neglect of their engagements, rendered it absolutely necessary to make peace. Sandwich was to communicate this necessity to the Plenipotentiaries of the Allies, and if they declined to assent to it, to sign the preliminaries without them. The Ministers of the Allies still refused to join; it suited them very well to receive vast subsidies to fight their own battles, and yet to leave England to fight them. On the other hand, Count St. Severin, the Plenipotentiary of France, now felt his vantage-ground, and offered far worse terms than before, and, to force their acceptance, threatened that if they were not agreed to without delay, the French would leave the fortifications of Ypres, Namur, and Bergen-op-Zoom, and march directly into Holland. The treaty was signed by England, France, and Holland on the 18th of April. The general conditions were a mutual restoration of conquests. All the nations were placed very much in statu quo, except that Prussia had got Silesia, and Sardinia had lost Placentia and Finale. As for England, she firmly established her maritime supremacy, which from that date has remained unchallenged. The Young Pretender was compelled to leave France, and thenceforward ceased to be of any political importance.

TWO:It was at the close of 1719, when George I. returned from Hanover, that this Company proposed to Ministers to consolidate all the funds into one. It was strange that both Ministers and merchants could be deluded by the hope of enriching themselves by a share of the trade with the Spanish South American provinces, when Spain herself, in full enjoyment of them, was sunk into indigence and weakness, and presented the most determined resistance to the unfettered intercourse of any other nation with them. Yet Sir John Blunt, a leading director of the South Sea Company, persuaded the Ministers that by granting the Company power to deal with the public funds, and especially to buy up the unredeemable annuities which had been granted in the two preceding reigns, chiefly on terms of ninety-nine years, and which now amounted to about eight hundred thousand pounds a year, they could, in twenty-six years, pay off the entire National Debt. But, to enable them to do this, they must be empowered to reduce all the different public securities to one aggregate fund in their hands, to convert both redeemable and unredeemable debts into stock by such arrangements as they could make with the holders, and to have certain commercial privileges vested in them. Ministers accepted the proposals with great alacrity. Aislabie introduced the scheme to Parliament in the month of February, 1720, declaring that, if it was accepted by the House, the prosperity of the nation would be amazingly enhanced, and all its debts liquidated in a very few years. Craggs seconded the proposal in most sanguine terms, expressing his conviction that every member of the House must be ready to adopt so advantageous an offer. Ministers had already closed with the proposals of the Company, and they were themselves greatly disconcerted by the suggestion of Mr. Thomas Brodrick, the member for Stockbridge, who expressed his entire accordance with Ministers, but thought that the nation should endeavour to obtain the best terms for itself by opening the competition to every other company or association of men as well as that in question. Ministers were confounded by this proposal, and Aislabie endeavoured to get out of it by declaring that to do this would be like putting the nation up to auction, and that such things should be done with spirit. But Jekyll interposed, saying it was this spirit which had ruined the nation, and it was now requisite to consider seriously what was best for the public. A violent debate ensued, in which Walpole eloquently recommended open competition, and was sharply replied to by Lechmere. The question was carried in favour of competition; and then the Bank of England, which before had coolly declined to enter into the proposals, suddenly appeared in a new temper, and made liberal offers for the privilege of thus farming the public debts. But the South Sea Company was not to be outdone; it offered seven millions and a half, and the Bank gave way in despair.

TWO:The great difficulties of the Government at this time were the settlement of the questions with Spain of the right to cut logwood in the bay of Campeachy, and the retention of Gibraltar. The Spaniards had frequently resisted the cutting of logwood in the Bay of Campeachy by the English; and in 1717 the Marquis of Monteleone had presented a memorial against it; but the Board of Trade contended that the practice was of old standing, and amounted to a right. This representation was now laid before the House of Commons, and was backed by many petitions from the merchants of London and other places, complaining of the interruptions to their trade to the South American and West Indian colonies, which had been carried on by connivance rather than by actual permission of Spain. There was a great fermentation in the public mind on these subjects, and the Minister was accused of tamely submitting to national injuries. The nation seemed ready to rush into a war with Spain, and perhaps all the more so that the king, in his opening speech, had observed that "an actual war was preferable to such a doubtful peace, but that the exchange was very easy to be made at any time."

TWO:The second reading was moved on the 14th by Lord Althorp, the Chancellor of the Exchequer. Lord Porchester moved that the Bill be read a second time that day six months. His motion was supported by Sir Edward Sugden. Sir Robert Peel had taunted the Government with inconsistency in adopting alterations, every one of which they had resisted when proposed by the Opposition. Mr. Macaulay retaliated with powerful effect, with respect to the conduct of the Tories on the question of Catholic Emancipation. On a division the numbers were, for the second reading, 324; against it, 162��majority, 162. The House of Commons having thus carried the Reform[347] measure a third time by an increased majority, which was now two to one, the House was adjourned to the 17th of January, when it resumed its sittings. On the 19th of that month the Irish Reform Bill was brought in by Mr. Stanley, and the Scottish Bill by the Lord Advocate. On the 20th the House resolved itself into a committee on the English Bill, and continued to discuss it daily, clause by clause, and word by word, pertinaciously and bitterly wrangling over each, till the 10th of March, when the committee reported. The third reading was moved on the 19th, when the last, and not the least violent, of the debates took place. The Bill was passed on the 23rd by a majority of 116, the numbers being 355 and 239.

TWO:Lord Auckland was then Governor-General of India, but the period of his tenure of office was drawing to a close. He hoped it would end brightly, that the war for the restoration of an imbecile and puppet king would have ended triumphantly, and that he would return to his native land bearing something of the reflected glory of the conquerors of Afghanistan. He had been cheered by the despatches of the too sanguine envoy in the month of October, who spoke only of the continued tranquillity of Cabul. November passed, however, without any intelligence, and all was anxiety and painful suspense. Intelligence at last came confirming the worst anticipations. Calcutta was astounded at the news that Afghanistan, believed to be prosperous and grateful for British intervention, was in arms against its deliverers. Suddenly the tranquillity of that doomed country was found to be a delusion. "Across the whole length and breadth of the land the history of that gigantic lie was written in characters of blood." Confounded and paralysed by the tidings of so great a failure, which he had not energy to retrieve, he thought only of abandoning the vicious policy of aggression that had ended so miserably, and given such a terrible blow to the prestige of British power in India, on which our dominion in the East so much depended. He had owed his appointment to the Whigs; and the Conservatives, who were now in office, had opposed the policy of the Government regarding the Afghan war. But no one seemed more sick of the policy of aggression than the Governor-General himself. He became thoroughly convinced of the folly of placing a detached force in a distant city which could be reached only through dangerous defiles occupied by an ever-watchful enemy, depending for supplies upon uncertain allies, and without any basis of operations. The expedition had proved enormously expensive, and had drained the Indian treasury of funds that should have been employed in developing the resources of our Indian possessions. When all this had ended in disastrous failure and national disgrace��when he recollected that the directors of the Company, as well as the Government, had expressed intense dissatisfaction at his policy, feeling conscious that their complaints were just, and that their worst forebodings had been realised, his spirit seems to have been completely broken; instead of any attempt at retrieving the[497] misfortunes of his Government, he thought only of saving, if possible, what remained of the forces that he had sent across the Indus. Writing to the Commander-in-Chief, Sir Jaspar Nicolls, who was then on a tour through the Upper Provinces of India, with reference to the sending forward of reinforcements, he said he did not see how the sending forward of a brigade could by any possibility have any influence on the events which it was supposed were then passing at Cabul, which they could not reach before April. In his opinion they were not to think of marching fresh armies to the reconquest of that which they were likely to lose. He feared that safety to the force at Cabul could only come from itself. The Commander-in-Chief himself had been always of opinion that the renewed efforts of the Government to support Shah Sujah on his throne, and to establish a permanent influence in Afghanistan, was a great mistake. However, owing to the energy of Mr. George Clarke, the Governor-General's agent on the north-west frontier, and his assistant, Captain, afterwards Sir, Henry Lawrence, forces were dispatched from that quarter, under the command of General Pollock, who had commanded the garrison of Agra, having been in the Indian service since 1803, and having distinguished himself under General Lake. This appointment gave the greatest satisfaction, as it was believed that he was selected solely for his merit, and not through aristocratic influence. While he was preparing to advance, Lord Auckland was recalled, and Lord Ellenborough, the new Governor-General, arrived at Calcutta.

TWO:Having thus arranged with the natives, Clive came to the far more arduous business of compelling the Europeans to conform to the orders of the Company, that no more presents should be received. In his letters home he recommended that to put an end to the examples of corruption in high places, it was necessary that the Governor of Bengal should have a larger salary; that he and others of the higher officers should be prohibited from being concerned in trade; that the chief seat of government should be at Calcutta; and the Governor-General should have the authority, in cases of emergency, to decide independently of the Council. These were all sound views, but to carry them out required the highest exercise of his authority. He exacted a written pledge from the civil servants of the Company that they would receive no more presents from the native princes. To this there was considerable objection, and some resigned; but he carried this through, nominally at least. To sweeten the prohibition of civil servants engaging in trade, he gave them a share in the enormous emoluments of the salt monopoly��two hundred per cent. being laid on the introduction of salt, one of the requisites of life to the natives, from the adjoining state of Madras into that of Bengal.

TWO:As he left the hall he turned and said, "Farewell, my lords; we shall never meet again in the same place." And with this tragi-comedy closed the strange, romantic, and melancholy rebellion of 1745 and 1746, for in a few weeks an act of indemnity was passed, disfigured, however, with eighty omissions. It was followed by other measures for subduing the spirit of the vanquished Highlanders��the disarming act, the abolition of heritable jurisdiction, and the prohibition of the Highland costume.

TWO: