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TWO:[16]
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TWO:RETREAT OF THE FRENCH FROM RUSSIA. (See p. 50.)Whilst all the countries which Buonaparte, at such an incalculable cost of life and human suffering, had compelled to the dominion of France were thus re-asserting their freedom, Buonaparte, in Paris, presented the miserable phantom of a vanished greatness. He called on the Senate to vote new conscriptions, telling them that theirs had been made by him the first throne of the universe, and they must maintain it as such; that without him they would become nothing. But the Allies were now entering France at one end, and Wellington was firmly fixed in the other; ere long the insulted nations would be at the gates of Paris, and the Senate and people demanded peace. Buonaparte refused to listen, and the Senate voted the conscription of three hundred thousand men, knowing that there was no longer any authority in the country to raise them. La Vende, and all the Catholic South, were on the verge of insurrection; Murat, in Naples, was ready to throw off his last link of adhesion to Buonaparte; and the defeated usurper stood paralysed at the approach of his doom.
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TWO:A Bill for Parliamentary Reform was introduced by Mr. Brand, and debated with unusual interest, owing to the events connected with Sir Francis Burdett, but was, of course, rejected by a large majority. The day for such a measure was yet far off. There was a motion made by Mr. Parnell regarding tithes in Ireland; another by Grattan and Lord Donoughmore for Catholic emancipation; and a third by Sir Samuel Romilly for reform of our criminal codeall necessary, but yet long-to-be-deferred measures. Lord Melville also introduced a plan of great importance into the House of Peers, namely, to substitute Government war vessels for the conveyance of troops to their destinations abroad. He showed that not only was there immense and flagrant jobbing going on between the Government Transport Board and the merchants from whom they hired ships on such occasions, but that these all tended to the misery and mortality of the soldiers; that the transport vessels hired were often not only inconveniently small, necessitating very uncomfortable and unhealthy crowding, but they were also frequently crazy, unseaworthy craft, badly manned, and ignorantly commanded by very ordinary skippers. He showed that a great amount of the mortality attending the transport of our troops to distant shores was owing to this cause, and that all might be avoided, and a considerable pecuniary saving effected, by employing none but Government vessels, roomy and clean, and commanded by officers duly qualified. But no such necessary and humane scheme was likely to be cordially supported by an unreformed Parliament. Mr. George Rose also obtained leave to bring in a Bill for a more questionable object. It was to augment our navy by bringing up the children of such people as became chargeable to parishes at Government naval schools, and thus regularly appropriating them as sailors. He estimated these children at ninety thousand, and calculated that these schools would furnish seven thousand sailor-boys per annum. It was a scheme for a press-gang system commencing with the cradle.A great portion of the present Session was[143] occupied with discussing the return to cash payments, which, by the Act of Parliament, ought to take place on the 5th of July of this year. It appears that no less than fifty debates and conversations in both Houses took place on this important subject during the Session. Very soon after the meeting of Parliament a secret committee of each House was appointed to inquire into the state of the Bank. These committees were, however, so managed, by delivering to the members lists of suitable persons for such committees, that scarcely any but Ministerial men were voted, though these votes were given by ballot. In the Commons this result was so evident that the Opposition declined to vote at all. The first reports of the committees went rather to close more strictly than to open the issue of gold by the Bank. It had been paying in gold its notes issued previous to January, 1817. This payment it was proposed to stop, as, at present, evidently injurious to the interests of the country. Mr. Peel, on moving for a Bill for this purpose, stated that the gold at the present price was fast finding its way abroad, and was as rapidly absorbed in re-minting a gold coinage for France. It appeared that during the first half of 1818 gold to the value of no less than one hundred and twenty-eight million francs had been coined at the French mint, of which three-fourths were derived from the gold coinage of England. A Bill was accordingly passed to stop payment altogether in gold till the necessary preparations were made by a fresh Bill. Still, the condition of the Bank was represented as flourishing. Its liabilities were stated in January, 1819, as amounting to thirty-three million eight hundred and ninety-four thousand five hundred and eighty pounds; its assets, including the debt due from Government, fifty-three million seven hundred and eighty-three thousand seven hundred pounds. The total Bank surplus appeared to be nineteen million eight hundred and eighty-nine thousand one hundred and twenty pounds; and its surplus, independent of the Government debt, and therefore available for current use, was five million two hundred and two thousand three hundred and twenty pounds. The committees adopted the scheme broached by Mr. Ricardo in his "Proposals for an Economical and Secure Currency," published in 1816. This was that the Bank, in the first instance, should not pay for its notes in gold coin, but in ingots of a certain weight, its fineness being attested by a stamp; and this degree of purity should be regulated from time to time till the gold descended to the Mint price of three pounds seventeen shillings and tenpence-halfpenny per ounce. When the Mint gold at length reached this rate of value, then the payment in coin was to be begun. Resolutions to this effect were moved by the Earl of Harrowby on the 21st of May, and they received the approval, not only of the Ministerial side, but of the leading Opposition members, Lords Grenville, Lansdowne, and King.
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