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ONE:It is impossible to conceive the extent of suffering and desolation inflicted upon society, almost every family being involved, more or less, in the general calamity. Flourishing firms were bankrupt, opulent merchants impoverished, the masses of working people suddenly thrown out of employment, and reduced to destitution; and all from causes with which the majority had nothing to do��causes that could have been prevented by a proper monetary system. If Bank of England notes had been a legal tender, to all intents and purposes supplying the place of gold as currency; if these notes had been supplied to the country banks in any quantities they required, ample security being taken to have assets equal to their respective issues, then the currency would have had an elastic, self-adjusting power, expanding or contracting according to the requirements of commerce. Inordinate speculation would not have been stimulated by a reckless system of credit, and business would have been conducted in a moderate and judicious manner, instead of rushing on at a high pressure that rendered a crash inevitable. The Government, after anxious and repeated deliberations, supplied a remedy on this principle. They determined to issue one-pound and two-pound notes of the Bank of England, for country circulation, to any amount required. In the meantime the Mint was set to work with all its resources in the coining of sovereigns[244], which, for the course of a week, were thrown off at the rate of 150,000 a day. The notes could not be manufactured fast enough to meet the enormous demand for carrying on the business of the country. In this dilemma the Bank was relieved by a most fortunate discovery��a box containing ��700,000, in one- and two-pound notes that had been retired, but which were at once put into circulation. The people having thus got notes with Government security, the panic subsided, and the demand for gold gradually ceased. The restoration of confidence was aided by resolutions passed at a meeting of bankers and merchants in the City of London, declaring that the unprecedented embarrassments and difficulties under which the circulation of the country laboured were mainly to be ascribed to a general panic, for which there were no reasonable grounds; that they had the fullest confidence in the means and substance of the banking establishments of the capital and the country; that returning confidence would remove all the symptoms of distress caused by the alarms of the timid, so fatal to those who were forced to sacrifice their property to meet unexpected demands. The new measures so promptly adopted and so vigorously carried into effect, raised the circulation of the Bank of England notes in three weeks from ��17,477,290 to ��25,611,800. Thus the regular and healthful action of the monetary system was restored by an adequate circulation of paper money, on Government security, without specie to sustain it. There were at the time of the crash 770 country bankers; 63 stopped payment, 23 of them having subsequently resumed business, and paid twenty shillings in the pound; and even those that were not able to resume, paid an average of seventeen shillings and sixpence in the pound. It was estimated that the total loss to the country by this panic was one hundred million pounds.

THREE:O'CONNELL RETURNING HOME FROM PRISON. (See p. 532.)

FORE:In all those arts which increase the prosperity of a nation England made the most remarkable progress during this reign. A number of men, springing chiefly from its working or manufacturing orders, arose, who introduced inventions and improvements in practical science, which added, in a most wonderful degree, to the industrial resources of the country. Agriculture at the commencement of the reign was in a sluggish and slovenly condition, but the increase of population, and the augmented price of corn and cattle, led to numerous enclosures of waste lands, and to improvements both in agricultural implements and in the breeds of sheep and cattle. During the thirty-three years of the reign of George II. the number of enclosures averaged only seven per annum, but in the first twenty-five years of the reign of George III. they amounted to forty-seven per annum. During that period the number of enclosures was one thousand one hundred and eighty-six, the number each year rapidly increasing. The value of the produce also stimulated the spirit of improvement in tillage as well as enclosure. Many gentlemen, especially in Northumberland, Kent, Norfolk, and Suffolk, devoted themselves to agricultural science. They introduced rotation of crops instead of fallows, and better manuring, and also cultivated various vegetables on a large scale in the fields which before had generally been confined to the garden, as turnips, carrots, potatoes, cabbage, parsnips, etc. Their example began to be followed by the ordinary class of farmers, and the raising of rents greatly quickened this imitation. At the opening of the reign the rental of land did not exceed ten shillings per acre on an[188] average; the rental of the whole kingdom in 1769 being sixteen million pounds, according to Arthur Young, but in a few years it was nearly doubled. This gentleman, who has left us so much knowledge of the agricultural state of the kingdom in his "Tours of Survey," tells us that, northward especially, the old lumbering ploughs and other clumsy instruments were still in use, instead of the improved ones, and that there was, therefore, a great waste of labour, both of man and beast, in consequence. But still improvement was slowly spreading, and already Bakewell was engaged in those experiments which introduced, instead of the old large-headed and ill-shaped sheep, a breed of superior symmetry, which at once consumed less food and yielded a heavier carcase. It was at first contemptuously said by the old race of farmers and graziers, that Bakewell's new herd of sheep was too dear for any one to purchase and too fat for any one to eat. As he was pursuing his improvements in Leicestershire, Culley prosecuted similar ones in Northumberland in both sheep and cattle.

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FORE:But though this difficulty was tided over, there remained a still greater one with Sweden. Charles XII., overthrown by the Czar Peter at the battle of Pultowa, had fled into Turkey, and obstinately remained at Bender, though the Czar and his allies were all the time overrunning and taking possession of the Swedish territories on the eastern side of the Baltic. Russians, Norwegians, Danes, Saxons, and Prussians were all busy gorging the spoil. The King of Denmark, amongst the invasions of Swedish territory, had seized on the rich bishoprics of Bremen and Verden, which had been ceded to Sweden at the Peace of Westphalia. These bishoprics, which lay contiguous to Hanover, had always been an object of desire to that State. And now Charles of Sweden, suddenly ruined by the proceedings of his neighbours, who thus rent his kingdom limb from limb, galloped away from Bender, and in November, 1714, startled all his enemies by appearing at Stralsund. The Danish king, seeing a tempest about to burst over his head, immediately tempted the English king to enter into alliance with him, by offering him the stolen bishoprics of Bremen and Verden on condition that he should pay a hundred and fifty thousand pounds and join the alliance against Sweden. Without waiting for any consent of Parliament, Sir John Norris was sent with a fleet to the Baltic, under the pretence of protecting our trade there, but with the real object of compelling Sweden to cede the bishoprics, and to accept a compensation in money for them.

THREE:Their cannon was both inferior and worse served than that of the English; and when, at one o'clock, the duke began to play on their ranks with his artillery, he made dreadful havoc amongst them. Several times the Highlanders endeavoured to make one of their impetuous rushes, running forward with loud cries, brandishing their swords and firing their pistols; but the steady fire of the English cannon mowed them down and beat them off. Seeing, however, a more determined appearance of a rush, Colonel Belford began to charge with grape shot. This repelled them for a time; but at length, after an hour's cannonade, the Macintoshes succeeded in reaching the first line of the English. Firing their muskets, and then flinging them down, they burst, sword in hand, on Burrel's regiment, and cut their way through it. The second line, however, consisting of Sempill's regiment, received them with a murderous fire. Cumberland had ordered the first rank to kneel down, the second to lean forward, and the third to fire over their heads. By this means, such a terrible triple volley was given them as destroyed them almost en masse. Those left alive, however, with all their ancient fury, continued to hew at[107] Sempill's regiment; but Cumberland had ordered his men not to charge with their bayonets straight before them, but each to thrust at the man fronting his right-hand man. By this means his adversary's target covered him where he was open to the left, and his adversary's right was open to him. This new man?uvre greatly surprised the Highlanders, and made fearful havoc of them. From four to five hundred of them fell between the two lines of the English army. Whilst the Macintoshes were thus immolating themselves on the English bayonets, the Macdonalds on their left stood in sullen inaction, thus abandoning their duty and their unfortunate countrymen from resentment at their post of honour on the right having been denied them. At length, ashamed of their own conduct, they discharged their muskets, and drew their broadswords for a rush; but the Macintoshes were now flying, and the grape-shot and musket-shot came so thickly in their faces, that they, too, turned and gave way. Whilst Charles stood, watching the rout of his army to the right, he called frantically to those who fled wildly by to stand and renew the fight. At this moment Lord Elcho spurred up to him, and urged him to put himself at the head of the yet unbroken left, and make a desperate charge to retrieve the fortune of the day; but the officers around him declared that such a charge was hopeless, and could only lead the men to certain slaughter, and prevent the chance of collecting the scattered troops for a future effort. Though he did not attempt to resist the victorious enemy, which was now hopeless, he seems to have lingered, as if confounded, on the spot, till O'Sullivan and Sheridan, each seizing a rein of his bridle, forced him from the field.

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THREE:In this Session the first step was taken in one of the greatest achievements of humanity which adorn the name of Britain. It was the grand preliminary towards annihilating the slave trade. The spirit of revolt against this odious trade had been gaining rapidly in the British mind. One of the earliest stabs given to it was by the pathetic story of Inkle and Yarico, in the "History of Barbadoes," by Lygon, which was taken up and amplified in the Spectator, and afterwards elaborated into an effective drama by Colman. Defoe, Dr. Johnson, Warburton in his "Divine Legation of Moses," and in his sermons so early as 1766, Voltaire, and other writers, had diffused a strong and sound feeling on the subject. It had been early attempted to establish the legal maxim, that a slave becomes a freed man in England; but in 1729 this had been positively pronounced against by Talbot and Yorke, then the highest legal authorities. But a more successful essay was made by Granville Sharp in 1772, in the case of James Somerset, and the principle was established, that the moment a slave set his foot on English ground he became free. In 1782 the Friends presented a petition to Parliament for the abolition of the slave trade. In 1785 Thomas Clarkson, then a student at the University of Cambridge, competed for and won the first prize for an essay on "The Slavery and Commerce in the Human Species," and this, which was undertaken as an academical exercise, led him to devote himself to the great work of the utter extinction of this evil. Mr. Ramsay, a clergyman of Kent, who had lived in St. Kitts, published a pamphlet on the same subject. The friends of Ramsay, Lady Middleton and Mrs. Bouverie, became zealous advocates of the cause, and finally Wilberforce resolved to make it the great object of his life. A society was now established in London, consisting only originally of twelve individuals, including the benevolent Mr. Thornton, and having Granville Sharp for its chairman. The members, however, were opulent merchants and bankers, and they set agents to work to collect information on the subject. The feeling rapidly spread; committees were formed in Manchester and other provincial towns for co-operation.
John Deo 53 min ago
THREE:The opposition, however, was powerful. When Mr. Goulburn brought forward his resolution by which sugar certified to be the growth of China, Manila, Java, or other countries where no slave labour was employed, should be admitted at a duty of 34s., the colonial duty being 24s., the danger of the position of the Ministers was soon perceived. Lord John Russell proposed an amendment in favour of admitting all foreign sugars at 34s., a proposal which, though calculated to maintain the price of sugar at a higher point than the Government proposition, was less distasteful to the Free Traders, as abolishing the differential principle. This amendment was rejected by a majority of only 69. On the 14th of June the Government Bill came on for a third reading, and[513] the contest then began in earnest. Mr. Miles, the representative of the West India party, moved an amendment proposing a reduction of the duty on colonial sugar to 20s., instead of 24s., and the raising of the duties on foreign to 30s. and 34s. The Free Trade party were not entrapped by this offer of a reduction of 4s. on colonial sugar. They saw that Mr. Miles's amendment would only establish a differential duty of 14s. instead of 10s., the difference going to the West India planters. They now, moreover, at least hoped more from Sir Robert Peel than from any Minister likely to succeed him. Mr. Cobden and the League party therefore supported the Government; but so powerful was the combination against them that the division, which took place on the 14th of June, left Ministers in a minority of 20.
Abraham Doe 53 min ago
THREE:The elections for the new Parliament were carried on with much vigour, and there were upwards of a hundred contested ones. In some cases the contest was extremely violent, considering the death of the king was almost daily expected, and that the term of the Parliament must necessarily be a short one. In Westminster there were no less than six candidates. Lord Cochrane was about to depart for Chili to take the command of[137] the naval forces of that state, and therefore did not offer himself again. There were Sir Francis Burdett again, the Honourable Douglas Kinnaird, Sir Murray Maxwell, Sir Samuel Romilly, Major Cartwright, and Mr. Henry Hunt, commonly called Orator Hunt. Of these Sir Murray Maxwell was a Tory, and received severe treatment. Major Cartwright and Hunt obtained very little support, and soon withdrew from the contest. The members returned were Romilly and Burdett, a Whig and a Radical. For London were returned four new members, all Whigs, Wood, Wilson, Waithman, and Thorpe. Brougham patriotically stood for Westmoreland, to break, if possible, the influence of the Lowther family; but he was compelled to retire on the fourth day, and two of the Lowther family were returned. A hundred and ninety new members were returned, and the Opposition gained considerably by the election. An acute observer, well accustomed to party battles, remarked that Government did not appear much beloved, and that they had almost spent all their war popularity; and they were not destined to recover it in the coming year.
John Smith 53 min ago

THREE:Another attempt of the French to draw the attention of Wellington from Massena was made by Mortier, who marched from Badajoz, of which Soult had given him the command, entered Portugal, and invested Campo Mayor, a place of little strength, and with a very weak garrison. Marshal Beresford hastened to its relief at the head of twenty thousand men, and the Portuguese commandant did his best to hold out till he arrived; but he found this was not possible, and he surrendered on condition of marching out with all the honours of war. Scarcely, however, was this done when Beresford appeared, and Mortier abruptly quitted the town, and made all haste back again to Badajoz, pursued by the British cavalry. Mortier managed to get across the Guadiana, and Beresford found himself stopped there by a sudden rising of the water and want of boats. He had to construct a temporary bridge before he could cross, so that the French escaped into Badajoz. Mortier then resigned his command to Latour Maubourg, and the British employed themselves in reducing Oliven?a, and some other strong places on the Valverde river, in the month of April. Lord Wellington made a hasty visit to the headquarters of Marshal Beresford, to direct the operations against Badajoz, but he was quickly recalled by the news that Massena had received reinforcements, and was in full march again to relieve the garrison in Almeida. Wellington, on the other hand, had reduced his army by sending reinforcements to Beresford, so that while Massena entered Portugal with forty thousand foot and five thousand cavalry, Wellington had, of British and Portuguese, only thirty-two thousand foot and about one thousand two hundred horse. This force, too, he had been obliged to extend over a line of seven miles in length, so as to guard the avenues of access to Almeida. The country, too, about Almeida was particularly well adapted for cavalry, in which the French had greatly the superiority. Notwithstanding, Wellington determined to dispute his passage. He had no choice of ground; he must fight on a flat plain, and with the Coa flowing in his rear. His centre was opposite to Almeida, his right on the village of Fuentes d'Onoro, and his left on fort Concepcion.

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FORE:[226]The English Dissenters were led, notwithstanding the difference in creed, to sympathise to a considerable extent with Irish Catholics in their agitation against the Church establishment. Dissenters felt particularly aggrieved by the tests which debarred them from obtaining University degrees, which, they justly contended, should be attainable as a matter of right on equal grounds by citizens of all denominations. A petition was presented by Lord Grey on the 21st of March in the Upper House, and by Mr. Spring-Rice on the 24th in the Commons; but no step was taken in consequence till after the Easter recess, when Colonel Williams moved an Address to the Crown, praying that the Universities of Oxford and Cambridge should no longer act under the letters of James I. Mr. Wood moved an amendment to the effect that it was more advisable to proceed by Bill, which was carried by a large majority; but before anything could be done the exclusive spirit of both Universities was roused to a pitch of violent excitement, and in the midst of the controversial storm the quiet voice of reason could not be heard. Mr. Stanley could not see why a man should sign the Thirty-Nine Articles in order to obtain a literary degree, and he deprecated the idea that such a subscription should be regarded as a mere matter of form. Sir Robert Peel was not yet prepared to carry out fully the principle of religious equality. The Bill, he argued, would give to Jews, infidels, and atheists a statutable right of demanding admission into our Universities. Dissenters had been freed from all civil disabilities by the repeal of the Test Acts, and the Roman Catholics by the Emancipation Act; a vast change had been effected in the constitution of Parliament by the Reform Act: and after all those concessions, were they now to be deprived of an Established Church? What was the essence of an Established Church? What but the legislative recognition of it on the part of the State? Parliament was therefore entitled to say to the Dissenters, "With that legislative recognition you shall not interfere." In a brief speech, full of sound sense, Lord Althorp showed the absurdity of those arguments and apprehensions. The second reading of the Bill was carried by a majority of 321 to 194. It was opposed by the Speaker in committee, but having there received some amendments, it was read a third time and passed on the 28th of July by a majority of 164 against 75. In the Lords it was denounced by the Duke of Gloucester, Chancellor of the University of Cambridge, who moved that it be read a second time that day six months. He was followed by the Duke of Wellington, Chancellor of the University of Oxford. Lord Brougham ably defended the measure, but in vain. The Bill was rejected by a majority of 187 against 85. An attempt made by Lord Althorp to abolish church-rates, and to grant in lieu thereof the sum of ��250,000 from the land-tax, to effect a[376] commutation of tithes, and to allow Dissenters to get married in their own chapels, was equally unsuccessful.

Founder

FORE:There was an energetic debate in each House as the Bill passed through. It was opposed in the Peers by Lords Lansdowne, Holland, and Erskine, but was carried by ninety-three against twenty-seven. Ten peers entered a strong protest on the journals against the measure, denying the traitorous conspiracy or the extensive disaffection to the Government alleged, affirming that the execution of the ordinary laws would have been amply sufficient, and that Ministers were not entitled to indemnity for causeless arrests and long imprisonments which had taken place, for the Bill went to protect them in decidedly illegal acts. In the House of Commons the Bill was strongly opposed by Brougham, Tierney, Mr. Lambton��afterwards Lord Durham��and Sir Samuel Romilly. They condemned the conduct of Ministers in severe language, while the Bill was supported by Canning, by Mr. Lamb��afterwards Lord Melbourne, who generally went with the other side��by Sir William Garrow, and Sir Samuel Shepherd, Attorney-General.

Senior Desigener

FORE:The lace manufacture was still prosecuted merely by hand, and chiefly in Buckinghamshire, Bedfordshire, and in the West of England. No lace was produced from machinery before 1768.SEA FIGHT OFF CAPE PASSARO. (See p. 41.)

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THREE:In Canada the management of the war was more successful. To maintain the war in that quarter, Congress had ordered nine regiments to be raised. One of these was to be raised in Canada itself, and for this purpose a commission was given to Moses Hazen, who had formerly been a captain of rangers, under Wolfe. He was not, however, very successful. The Canadians were not to any extent disaffected to the British Government, and by no means well affected to the New Englanders, who were bitterly bigoted against Catholics, which the Canadians chiefly were. When Hazen and Arnold saw that the Canadians would neither enlist nor bring provisions to their camps, without cash payment, they commenced plundering for all that they wanted, and thus confirmed that people in their hatred of the Americans. They, moreover, insulted the Canadians by ridiculing their rites of worship.[77]

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THREE:Meanwhile Lord Ashley, a staunch upholder of the Corn Laws, in a letter to his constituents of Dorsetshire declared his opinion "that the destiny of the Corn Laws was fixed," and that it would be wise to consider "how best to break the force of an inevitable blow." Mr. Bickham and Captain Estcott, also strong defenders of the landlords' monopoly, published their conviction that the Corn Laws were no longer tenable; and on the 22nd of November Lord John Russell, who was at Edinburgh, addressed a letter to the electors of the City of London, which was duly circulated throughout the kingdom, and which contained the following remarkable passages:��

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FORE:Meantime Cambac��r��s and Fouch�� had dispatched couriers to Louis Buonaparte, in Holland, to march down troops to the defence of Antwerp; and he had not only done that, but had opened the sluices on the borders of the Scheldt, and laid the country under water, to prevent the march of the British. He also had ordered the erection of numerous batteries, and Bernadotte arrived in about a fortnight, by orders of Napoleon, to resist the advance of the British. From forty to fifty thousand troops were assembled in and around Antwerp, and hosts of Dutch and Belgian militia swarmed over the country. This was certain to be the case if any time was allowed, and it was now agreed, in a council of war, that it was not possible to proceed further. In fact, they were no longer allowed to remain where they were. Their provisions were rapidly being exhausted, sickness was spreading amongst the troops, and the fire of the enemy's batteries from both sides of the river compelled them to fall down the stream. That was the end of the campaign; the rest was a foolish and murderous delay in the island of Walcheren, without any conceivable purpose. There was no use in retaining the island, for we could at any time blockade the mouths of the Scheldt, and our men on board the ships were comparatively healthy; but in this swamp of death the soldiers continued dying like rotten sheep. The island of Walcheren, to which they were now confined, is a spongy swamp, below the level of the sea at high water. The wet oozes through the banks, and stagnates in the dykes, and is only capable of being pumped out by windmills. The ground is covered often with mud and slime, and the inhabitants are sickly and sallow in aspect, and of loose and flaccid muscles. Yet, in this den of fever and death, the commanders seemed determined to retain the army till it perished entirely. The Earl of Chatham himself returned to London on the 14th of September, with as many of the sick as he could take. At this time he left eleven thousand, out of the seventeen thousand quartered on the island of Walcheren, on the sick-list, and rapidly dying; yet neither he nor Sir Eyre Coote, who succeeded him, seems to have felt the necessity of saving the army by retiring from the place. They attributed the unhealthiness to the dykes being cut, and the surrounding country being flooded in the hot season. No matter what was the cause, the army was perishing, and ought to have been removed; but, so far from this, the Ministers seemed determined to keep possession of this useless and pestilential swamp at any cost. As it was imagined that the drinking of the water was the cause of the fever, Thames water was carried over for the troops, five hundred tons per week being required. But it was not the drinking it only that caused disease and death, but the standing and working in it, as many of them did, up to the middle for many hours together, and the malaria arising from the oozy soil. As the roofs in Flushing were knocked to pieces by the storming of the town, British workmen, with bricks, mortar, tiles, and tools, were sent over to repair them, so as to protect the sick in the hospitals, though plenty of workmen and materials might have been had in the country.