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FORE:The Ministerial statement was anticipated with great interest. It was delivered by the new Premier, on the evening of the 22nd, Brougham presiding as Lord Chancellor. Foremost and most conspicuous in his programme was the question of Parliamentary Reform; next, economy and peace. Having gone in detail through the principles of[325] his policy, and the reforms he proposed to introduce, the noble lord summed up all in the following words:��"The principles on which I now stand, and upon which the Administration is prepared to act, are��the amelioration of existing abuses; the promotion of the most rigid economy in every branch of the public expenditure; and lastly, every endeavour that can be made by Government to preserve peace, consistent with the honour and character of the country. Upon these principles I have undertaken an office to which I have neither the affectation nor presumption to state that I am equal. I have arrived at a period of life when retirement is more to be desired than active employment; and I can assure your lordships that I should not have emerged from it had I not found��may I be permitted to say thus much without incurring the charge of vanity or arrogance?��had I not found myself, owing to accidental circumstances, certainly not to any merit of my own, placed in a situation in which, if I had declined the task, I had every reason to believe that any attempt to form a new Government on principles which I could support would have been unsuccessful. Urged by these considerations, being at the same time aware of my own inability, but acting in accordance with my sense of public duty, I have undertaken the Government of the country at the present momentous crisis."

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FORE:The next day the battle paused, as by mutual consent; and as it was evident that the French must eventually retreat, this day should have been spent in preparing temporary bridges to cross the rivers; but, as at Moscow, the presence of mind of Buonaparte seemed to have deserted him. He dispatched General Mehrfeldt to the Allied monarchs, to propose an armistice, on condition that he would yield all demanded at the previous Conference��Poland, and Illyria, the independence of Holland, Spain, and Italy, with the evacuation of Germany entirely. Before he went Mehrfeldt informed him that the Bavarians had gone over in a body to the Allies. But in vain did Buonaparte wait for an answer��none was vouchsafed. The Allied monarchs had mutually sworn to hold no further intercourse with the invader till every Frenchman was beyond the Rhine.

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FORE:On the 21st of March a Committee which had been appointed early in the Session to inquire into the public income and expenditure, and to suggest what might in future be calculated on as the clear revenue, presented its report through Mr. Grenville, their chairman. On the 29th, Pitt, in a Committee of the whole House, entered upon the subject, and detailed the particulars of a plan to diminish progressively and steadily the further debt. It appeared from the report of the select Committee that there was, at present, a clear surplus revenue of nine hundred thousand pounds sterling, and that this surplus could, without any great additional burthen to the public, be made a million per annum. This he declared to be an unexpected state of financial vigour after so long and unfortunate a war. The plan which he proposed was to pay two hundred and fifty thousand pounds quarterly into the hands of Commissioners appointed for the purpose to purchase stock to that amount, which was under par, or to pay stock above par, and thus cancel so much debt. In addition to this, the annuities for lives, or for limited terms, would gradually cancel another portion. All dividends arising from such purchases were to be similarly applied. Pitt calculated that by this process, and by the compound interest on the savings to the revenue by it, in twenty-eight years no less than four millions sterling per annum of surplus revenue would be similarly applied, or employed for the exigencies of the State. By this halcyon process he contemplated the eventual extinction of that enormous debt, to pay the mere interest of which every nerve had been stretched, and every resource nearly exhausted. In a delightful state of self-gratulation, Pitt declared that he was happy to say that all this was readily accomplishable; that we had nothing to fear, except one thing��the possibility of any Minister in need violating this fund. Had the original Sinking Fund, he said, been kept sacred, we should have had now very little debt. To prevent the recurrence of this fatal facility of Ministers laying their hands on this Fund, he proposed to place it in the hands of Commissioners, and he declared that "no Minister could ever have the confidence to come down to that House and desire the repeal of so beneficial a law, which tended so directly to relieve the people from their burthens." He added that he felt that he had by this measure "raised a firm column, upon which he was proud to flatter himself that his name might be inscribed." He said not a word about the name of Dr. Price being inscribed there, to whom the whole merit of the scheme belonged; he never once mentioned his name at all. On his own part, Dr. Price complained not of this, but that he had submitted three schemes to Pitt, and that he had chosen the worst.The next morning, the 6th of December, the retreat commenced; but the soldiers and the inferior officers little dreamed that it was a retreat. They imagined that they were going to fight the Duke of Cumberland, and marched out in high spirits. The morning was foggy, and for some time the delusion was kept up; but when the fog cleared away, and they perceived that they were retracing their former route, their disappointment and rage became excessive. The retreat was rapidly continued through Preston, and on to Lancaster, which they reached on the 13th. On the 18th Oglethorpe and Cumberland, accompanied by a mob of country squires and mounted farmers, attacked Lord George Murray's rear near Penrith; but the countrymen were speedily put to flight by a charge of the Glengarry clan, and Oglethorpe fell back to the main body. They came up again, however, in the evening near the village of Clifton, and Lord George perceived, by the fitful light of the moon, the enemy forming behind the stone walls, and lining every hedge, orchard, and outhouse. Just as the royal troops commenced their charge they were stopped by a cross-fire of the concealed Highlanders, and, whilst affected by this surprise, Lord George cried, "Claymore! claymore!" and rushing down upon them with the Macphersons of Cluny, attacked them sword in hand. Being supported by the Stuarts of Appin, they compelled the English to retreat.

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