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ONE:Parliament met on the 17th of January, 1727. The Royal Speech breathed a decidedly warlike tone. The king informed Parliament that he had received information, on which he could rely, that a secret article of the treaty between Spain and the Emperor bound those parties to place the Pretender on the throne of Great Britain, and that the surrender of Gibraltar and Port Mahon was the price to be paid for this service. He asked whether the public would not regard with indignation the imposition of a Popish Pretender on the nation at such a cost. He added that the King of Spain had ordered his Ambassador to quit the kingdom, leaving behind him a formal demand for the surrender of the above-named places. There was a great ferment in the House. Palm, the Emperor's envoy, wrote to his Imperial master, advising him to disavow any such secret agreement in the treaty at Vienna, and thus allay the excitement in England. But Charles, who owed his throne to the victories of Marlborough, and whose claims on Spain had been prosecuted by Britain at serious cost of men and money, performed this disavowal with as much arrogance as stupidity. He was not contented to say that the King of England was mistaken, but he declared that his speech was false. This gross insult to the head of the nation roused the indignation of all parties, even of the Opposition; and Wyndham, Pulteney, and Shippen denounced it as loudly as any, and supported a motion of Walpole, declaring it an insolent affront. Palm was ordered to quit the kingdom immediately.

TWO:Sir Robert Peel then rose. He said that the immediate cause which had led to the dissolution of the Government was "that great and mysterious calamity which caused a lamentable failure in an article of food on which great numbers of the people in this part of the United Kingdom and still larger numbers in the sister kingdom depended mainly for their subsistence." But he added, "I will not assign to that cause too much weight. I will not withhold the homage which is due to the progress of reason, and to truth, by denying that my opinions on the subject of Protection have undergone a change." This announcement was received in profound silence from the Ministerial benches, but with triumphant cheering from the Opposition. Protection, he said, was not a labourer's question. High prices did not produce high wages, nor vice versa. In the last three years, with low prices and abundance of food, wages were comparatively high, and labour was in demand. In the three years preceding, with high[522] prices and scarcity, wages were low and employment was scarce. Experience thus proved that wages were ruled by abundance of capital and demand for labour, and did not vary with the price of provisions. Again, increased freedom of trade was favourable to the prosperity of our commerce. In three scarce and dear years, namely, from 1839 to 1841, our foreign exports fell off from ��53,000,000 in value to ��47,000,000. But in three years of reduction of duties and low prices, namely, from 1842 to 1844, the value of our exports rose from ��47,000,000 to ��58,000,000. Even deducting the amount of the China trade, a similar result was shown. Nor was the reduction in the customs duties unfavourable to the revenue. In 1842 there was an estimated loss of ��1,500,000; in 1843 a smaller one of ��273,000; but in 1845 there was a reduction at an estimated loss to the revenue of no less than ��2,500,000. The total amount of the various reductions effected in three years exceeded ��4,000,000; and many of the duties were totally abolished; the loss, therefore, not being compensated by any increased consumption. Had ��4,000,000 been lost to the revenue? He believed that on the 5th of April next the revenue would be found to be more buoyant than ever. Sir Robert Peel referred to other proofs of prosperity resulting from reduced import duties, and then adverted to his own position, and declared that "he would not hold office on a servile tenure."A second question regarding the late Minister became immediately necessary. He had died deeply in debt. It was one of the fine qualities of Pitt that he never had a love of money, or an ambition to create a great estate at the expense of the country, like too many statesmen. At an early period of Pitt's ministerial career, though a bachelor, he was so hopelessly in debt, that his friend, Robert Smith, afterwards Baron Carrington, had looked into his affairs, and declared that, of all scenes of domestic robbery by servants, and wild charges by tradesmen, he had never witnessed anything to compare with it. The financial management of his own income and that of the nation were just on a par in Pitt's case. He let his own money go like water, and he would have flung any quantity of the nation's property away on his quixotic scheme of propping up the thoroughly rotten and hopeless condition of the Continental governments. A strong effort was now made by such of Pitt's creditors as had advanced money to him, to be repaid by the nation. In this endeavour none were more eager than his great friends and relatives, who had been enabled by him to draw a hundredfold from the nation what they had lent him. Wilberforce, however, proposed that they should not only forego their individual claims, but should contribute each a moderate sum towards the raising of forty thousand pounds, which would pay his tradesmen; but here the great relatives and friends became dumb and motionless. Spencer Perceval offered a thousand pounds, and one or two others made some offers; but the appeal was in vain, and a motion was proposed by Mr. Cartwright, on the 3rd of February, that the nation should pay this sum. This was carried at once.

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ONE:This great debate was interrupted by a motion[523] brought on by Mr. O'Connell, on the impending famine in Ireland, which is chiefly memorable for a speech of Mr. Bright, in which, alluding to Sir Robert Peel's last address to the House, he said, "I watched the right honourable baronet go home last night, and I confess I envied him the ennobling feelings which must have filled his breast after delivering that speech��a speech, I venture to say, more powerful and more to be admired than any speech ever heard in this House within the memory of any man in it." A further eloquent allusion to the Minister's newly acquired freedom from the enthralment of the bigoted among his party had a powerful effect upon the House, and it was observed by those who sat near Sir Robert Peel that the tears started to his eyes at this unexpected generosity from his old opponent.

ONE:But, sorrowful as the sight itself was, the news of it in Great Britain excited the strongest condemnation in the party which had always doubted the power of Wellington to cope with the vast armies of France. They declared that he was carrying on a system that was ruining Portugal, and must make our name an opprobrium over the whole world, at the same time that it could not enable us to keep a footing there; that we must be driven out with terrible loss and infamy. But not so thought Wellington. Before him were the heights of Torres Vedras, about twenty-four miles from Lisbon. These, stretching in two ranges between the sea and the Tagus, presented a barrier which he did not mean the French to pass. He had already planned the whole scheme; he had already had these heights, themselves naturally strong, made tenfold stronger by military art; he had drawn the enemy after[606] him into a country stripped and destitute of everything, and there he meant to stop him, and keep him exposed to famine and winter, till he should be glad to retrace his steps. Neither should those steps be easy. Floods, and deep muddy roads, and dearths should lie before him; and at his heels should follow, keen as hornets, the Allied army, to avenge the miseries of this invaded people.Such was the state of affairs at home and abroad during the recess of 1829. The Government hoped that by the mollifying influence of time the rancour of the Tory party would be mitigated, and that by the proposal of useful measures the Whig leaders would be induced to give them their support, without being admitted to a partnership in power and the emoluments of office. But in both respects they miscalculated. The Duke met Parliament again on the 4th of February, 1830. It was obvious from the first that neither was Tory rancour appeased nor Whig support effectually secured. The Speech from the Throne, which was delivered by commission, was unusually curt and vague. It admitted the prevalence of general distress. It was true that the exports in the last year of British produce and manufacture exceeded those of any former year; but, notwithstanding this indication of an active commerce, both the agricultural and the manufacturing classes were suffering severely in "some parts" of the United Kingdom. There was no question about the existence of distress; the only difference was as to whether it was general or only partial. In the House of Lords the Government was attacked by Earl Stanhope, who moved an amendment to the Address. He asked in what part of the country was it that the Ministers did not find distress prevailing? He contended that the kingdom was in a state of universal distress, likely to be unequalled in its duration. All the great interests��agriculture, manufactures, trade, and commerce��had never at one time, he said, been at so low an ebb. The Speech ascribed the distress to a bad harvest. But could a bad harvest make corn cheap? It was the excessive reduction of prices which was felt to be the great evil. If they cast their eyes around they would see the counties pouring on them spontaneously every kind of solicitation for relief; while in towns, stocks of every kind had sunk in value forty per cent. The depression, he contended, had been continuous and universal ever since the Bank Restriction Act passed, and especially since the suppression of small notes took effect in the beginning of the previous year. Such a universal and continued depression could be ascribed only to some cause pressing alike upon all branches of industry, and that cause was to be found in the enormous contraction of the currency, the Bank of England notes in circulation having been reduced from thirty to twenty millions, and the country bankers' notes in still greater proportion. The Duke of Wellington, in reply, denied that the Bank circulation was less than it had been during the war. In the former period it was sixty-four millions, including gold and silver as well as paper. In 1830 it was sixty-five millions. It was an unlimited circulation, he said, that the Opposition required; in other words, it was wished to give certain individuals, not the Crown, the power of coining in the shape of paper, and of producing a fictitious capital. Capital was always forthcoming[308] when it was wanted. He referred to the high rents paid for shops in towns, which were everywhere enlarged or improved, to "the elegant streets and villas which were springing up around the metropolis, and all our great towns, to show that the country was not falling, but improving." After the Duke had replied, the supporters of the amendment could not muster, on a division, a larger minority than nine. In the House of Commons the discussion was more spirited, and the division more ominous of the fate of the Ministry. The majority for Ministers was only fifty-three, the numbers being 158 to 105. In the minority were found ultra-Tories, such as Sir Edward Knatchbull, who had proposed an amendment lamenting the general distress, Mr. Bankes, Mr. Sadler, and General Gascoigne, who went into the same lobby with Sir Francis Burdett, Lord John Russell, Mr. Brougham, Mr. Hume, and Lord Althorp, representing the Whigs and Radicals; while Lord Palmerston, Mr. Huskisson, Mr. Charles Grant, and Sir Stratford Canning represented the Canning party. No such jumble of factions had been known in any division for many years.

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