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FORE:From the Painting by J. Trumbull.
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FORE: Accession of George III.His ConductAscendency of ButeMeeting of ParliamentEnthusiastic Reception of the King's SpeechBute's CabalsHostility to PittMinisterial ChangesMarriage of the KingQueen CharlotteMisfortunes of FrederickFerdinand of Brunswick's CampaignDefeat of the French in the East and West IndiesNegotiations for PeacePitt's large DemandsObstinacy of ChoiseulThe Family Compact suspectedResignation of PittBute's MinistryWar with SpainAbandonment of FrederickPolicy of the new CzarResignation of NewcastleBute at the head of the TreasurySuccesses in the West IndiesCapture of ManilaBute's Eagerness for PeaceThe TermsBute's UnpopularityClose of the Seven Years' WarSuccesses of CliveDefeat of the Dutch in IndiaFinal Overthrow of the French in IndiaFate of the Count de LallyBute and the Princess of WalesThe Cider TaxBute's VengeanceHis ResignationGeorge Grenville in OfficeNo. 45 of the North BritonArrest of WilkesHis AcquittalVengeance against himThe King negotiates with PittWilkes's Affairs in ParliamentThe Wilkes RiotsThe Question of PrivilegeThe Illegality of General Warrants declaredWilkes expelled the HouseDebates on General WarrantsRejoicing in the City of London.In the meantime the Irish State trial, and the affairs of Ireland generally, were the subject of frequent discussions in both Houses of Parliament. On the 13th of February the Marquis of Normanby moved a resolution condemnatory of the policy of the Government, contrasting it with his own Administration, with the treatment of Canada, and with the liberal policy by which, he said, Austria had conquered disaffection in Lombardy. He was answered by Lord Roden and others, and on a division his motion was rejected by a majority of 175 to 78. On the same day the state of Ireland was introduced by Lord John Russell, in a speech which occupied three hours. The debate that followed lasted for nine days. The principal speakers who took part in it were Mr. Wyse, Sir James Graham, Mr. Young, Sir George Grey, Lord Eliot, Mr. Shaw, the Recorder of Dublin, Lord Howick, Lord Stanley, Mr. Macaulay, Sir William Follett, Sir Thomas Wilde, Sir F. Pollock, the English Attorney-General, Mr. Roebuck, Mr. O'Connell, Mr. Sheil, and Sir Robert Peel. The discussion turned mainly upon the question whether or not O'Connell had had a fair trial, and upon this the lawyers and the House pronounced opinions in harmony with the interests of their respective parties. But nearly every topic that could be mentioned was brought up in the course of the monster debate. Sir Robert Peel concluded a long and able speech in defence of his Government with the following beautiful peroration:"I have a firm conviction that if there were calm and tranquillity in Ireland, there is no part of the British empire that would make such rapid progress in improvement. There are facilities for improvement and opportunities for it which will make the advance of Ireland more rapid than the advance of any other country. I will conclude, then, by expressing my sincere and earnest hope that this agitation, and all the evil consequences of it, may be permitted to subside; and hereafter, in whatever capacity I may be, I should consider that the happiest day of my life when I could see the beloved Sovereign of these realms fulfilling the fondest wishes of her heart, possessing a feeling of affection towards all her people, but mingling that[535] affection with sympathy and tenderness towards Ireland. I should hail the dawning of that auspicious day, when she could alight like some benignant spirit on the shores of Ireland, and lay the foundations of a temple of peace; when she could, in accents which proceeded from the heartspoken to the heart rather than to the earcall upon her Irish subjects of all classes and of all denominations, Protestants and Roman Catholics, Saxon and Celt, to forget the difference of creed and of race, and to hallow that temple of peace which she should then found, with sacrifices still holier than those by which the temples of old were hallowedby the sacrifice of those evil passions that dishonour our common faith, and prevent the union of heart and hand in defence of our common country."
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FORE:But this declaration did not issue without a violent debate in Congress, where the moderate party stated that the interests of the country were sacrificed to a mischievous war-spirit, and in the east and north of the States there was raised a loud cry for severance, as there had been in the south when Jefferson laid his embargo on American vessels. They complained that if, as was now alleged, the French Emperor had abrogated his Berlin and Milan Decrees in favour of America as early as the 2nd of March, 1811, why was this not communicated to England before the 20th of May, 1812? And when England had long ago declared that she would rescind her Orders in Council when such a notification could be made to her, accompanied by a repeal of the American non-Intercourse Act; and when she did immediately rescind her Orders in Council on this condition, why should there be all this haste to rush into war with Great Britain? They complained bitterly that though Buonaparte was professed to have abrogated his Decrees as early as November, 1810, he had gone on till just lately in seizing American ships, both in the ports of France and by his cruisers at sea. The State of Massachusetts addressed a strong remonstrance to the Federal Government, in which they represented the infamy of the descendants of the Pilgrim Fathers cooperating with the common enemy of civil liberty to bind other nations in chains, and this at the very moment that the European peoples were uniting for their violated liberties.Reproduced by Andr & Sleigh, Ld., Bushey, Herts.
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Driven to desperation, Burgoyne now contemplated crossing the river in the very face of the enemy, and fighting his way through, and for this purpose he sent a party up the river to reconnoitre a suitable spot. Once over, he had little doubt of making his way to Fort Edward, and thence to the Canadian lakes. At this moment Gates was informed that Burgoyne had effected his passage, and that he had left only the rear-guard in the camp. He was in full march upon the camp, in the belief that he could seize it with ease, and part of his forces had actually crossed the fords of Fishkill, near which Burgoyne was strongly posted, when a spy or a deserter informed him of his mistake. Had it not been for this circumstance he must have suffered a surprise and a certain defeat, and the fortunes of Burgoyne would probably have been different. He was now on the alert to receive the Americans, and when, to his mortification, he saw them at a signal again retreating, he poured a murderous fire into them, and pursued them in confusion across the creek. This was his last chance. No news reached him from Clinton; but he ascertained that the Americans had already, in strong force, blocked up his way to Fort Edward. This was decisive. On the 13th he called together a council of war, at which every captain was invited to attend, and the unanimous result of the deliberations was that they must capitulate. Accordingly, an officer was sent with a note to the American headquarters that evening, to propose an interview between General Burgoyne and General Gates. The American General agreed to the meeting at ten o'clock the next morning. There Burgoyne stated that he was aware of the superiority of Gates's numbers, and, to spare the useless effusion of blood, he proposed a cessation of arms, to give time for a treaty to that effect.The winter of 1836-7 was marked by great commercial activity, and a strong tendency to over-trading, chiefly on the part of the banks. The result was a reaction, and considerable monetary embarrassment. In the reckless spirit of enterprise which led to these consequences, the American houses took the lead. The American speculators indulged an inordinate thirst for gain by land jobs, and over-trading in British produce. The most remarkable examples of this were afforded by three great American houses in London, called "the three W.'s." From an account of these firms, published in June, 1837, it appeared that the amount of bills payable by them from June to December, was as follows: Wilson and Co.,[411] 936,300; Wigan and Co., 674,700; Wildes and Co., 505,000; total acceptances, 2,116,000. This was upwards of one-sixth of the aggregate circulation of the private and joint-stock banks of England and Wales, and about one-eighth of the average circulation of the Bank of England. The shipments to America by Wigan and Co. amounted to 1,118,900. The number of joint-stock banks that started into existence at this time was remarkable. From 1825 to 1833 only thirty joint-stock banks had been established. In that year the Charter of the Bank of England being renewed, without many of the exclusive privileges it formerly enjoyed, and the spirit of commercial enterprise being active, joint-stock banks began to increase rapidly. There was an average of ten new companies annually, till 1836, when forty-five of these establishments came into existence in the course of ten months. In Ireland there were ten started in the course of two years. The consequence of this greatly increased banking accommodation produced a wild spirit of commercial adventure, which collapsed first in America, where the monetary confusion was unexampledbankers, importers, merchants, traders, and the Government having been all flung into a chaos of bankruptcy and insolvency. This state of things in America had an immediate effect in England. Discounts were abruptly refused to the largest and hitherto most respectable houses of Liverpool and London. Trade, in consequence, became paralysed; prices suddenly dropped from thirty to forty per cent.; and the numerous share bubblesthe railway projects, the insurance companies, the distillery companies, the cemetery companies, the sperm oil, the cotton twist, zoological gardens, and other speculationswhich had floated on the pecuniary tide, all suddenly collapsed, and there was an end to the career of unprincipled adventurers. It is satisfactory, however, to observe that the sound commerce of the country soon recovered the shock thus given; and in less than two years the pecuniary difficulties had passed away. Commerce had resumed its wonted activity, and flowed steadily in legitimate channels. The American banks resumed payment, and the three great American houses, which had involved themselves to such an enormous extent, were enabled to meet all their liabilities.
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