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FORE:The marvellous increase of national wealth in Great Britain since the reign of George III. is to be mainly ascribed to two mechanical agenciesthe spinning-jenny and the steam-engine; both of which, however, would have failed to produce the results that have been attained if there had not been a boundless supply of cotton from the Southern States of America to feed our manufactories with the raw material. The production was estimated in bales, which in 1832 amounted to more than 1,000,000; and in 1839 was upwards of 2,000,000 bales. It appears from Mr. Woodbury's tables, that in 1834 sixty-eight per cent. of all the cotton produced in the world was shipped for England. In this case the demand, enormous as it was, produced an adequate supply. But this demand could not possibly have existed without the inventions of Hargreaves, Arkwright, Crompton, and Cartwright, in the improvement of spinning machinery.Whilst Clive had been reducing our enemies in Bengal and Oude, a more powerful antagonist than any whom we had yet encountered in India was every day growing more formidable in Mysore, and combining several of the petty chiefs of the different States of Madras as his allies against us. He was now far more considerable than when he had appeared against us as the ally of the French general, Lally, in the neighbourhood of Pondicherry. Hyder Ali was a self-made man. He was originally the grandson of a wandering fakir; then the captain of banditti; then at the head of an army composed of freebooters; continually growing in the number of his followers, and in the wealth procured by plunder, he at length became Commander-in-Chief of the Rajah of Mysore. Soon rising in his ambition, he seized the Rajah, his master, pensioned him off with three lacs of rupees, and declared himself the real Rajah. In 1761 he was become firmly established on the throne of Mysore, but this distinction did not satisfy him. He determined to be the founder of Mysore as a great kingdom, and extended his power to near the banks of the Kistnah. There he was met and repulsed by the Peishwa of the Mahrattas, who crossed the Kistnah, defeated him repeatedly, seized some of his newly-acquired territory, and levied on him thirty-two lacs of rupees. Hyder returned to Seringapatam, which he had made his capital, and had strongly fortified, and he thence conducted an expedition against Malabar, which he conquered, and put the chiefs to death to make his hold of it the more secure. It is unnecessary to go minutely into the history of the next few years. Hyder organised an army of 100,000 men, officered by Frenchmen, and sometimes in confederation with the Nizam of the Deccan, sometimes in conjunction with the Mahrattas of the Western Ghauts, waged perpetual war on the English. In 1769 Indian Stock fell sixty per cent. The resources of the Company were fast becoming exhausted, when Hyder Ali, by an artful feint, drew the English army, in the spring of 1769, a hundred and forty miles to the south of Madras. Then, by a rapid march, he suddenly appeared, with a body of five thousand horse, on the heights of St. Thomas, overlooking Madras. The whole of the city and vicinity, except the port of St. George itself, lay at his mercy. The terrified Council, in all haste, offered most advantageous terms of peace, which it was the very object of Hyder to accept, and that, too, before the English commander,[321] Colonel Smith, could arrive and intercept his retreat. Hyder gladly consented to the terms, which were those of mutual restitution, and of alliance and mutual defence: the last, a condition which, with Hyder's disposition to aggrandisement, was sure to bring the English into fresh trouble.
Time 2:00 pm at 25th july
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FORE:The effects of the monstrous drain of the war on the revenues of the country were now beginning to show themselves in the manufacturing districts, and the workpeople had broken out in serious riots in Lancashire, Yorkshire, and Cheshire. Instead of attributing their distresses to the vast system of taxation, they attributed them to the increase of machinery, and broke into the mills in many places and destroyed it. This was only adding to the misery by destroying capital, and stopping the very machinery which gave them bread. A committee of inquiry was instituted, and the result showed that the members of Parliament were not a whit more enlightened than the artisans themselves. Instead of attempting to find some means of ameliorating the condition of the starving populationwhich, indeed, they could not do, for nothing but peace and reduction of taxation, and the restoration of the natural conditions of commerce could do it,they recommended coercion, and Lord Castlereagh brought in a severe Bill for the purpose,the first of many such Bills of his, which nearly drove the people eventually to revolution, and, by a more fortunate turn, precipitated reform of Parliament. This Bill, the operation of which was limited to the following March, was carried by large majorities, and Parliament, thinking it had done enough to quiet hungry stomachs in the north, was prorogued on the 30th of July, and on the 20th of September dissolved.In the midst of the excitement at Pesth, Count Lamberg was appointed Commander-in-Chief of the Imperial army in Hungary; and a decree appeared at the same time ordering a suspension of hostilities. The Count immediately started for Pesth without a military escort. In the meantime Kossuth had issued a counter-proclamation, in which the appointment of Lamberg was declared to be illegal and null, as it was not countersigned by the Hungarian Minister, according to the Constitution, and all persons obeying him were declared to be guilty of high treason. Unknown assassins, translating this language into action, stabbed the Count to death in the public street (September 28, 1848). The Government of Vienna resolved now to crush the Hungarian insurrection at any cost. A decree was issued by the emperor, who had lately returned to the capital, dissolving the Diet, declaring all its ordinances and acts illegal and void, constituting Jellacic Commander-in-Chief in Hungary and Transylvania, with unlimited powers, and appointing also a new Hungarian Ministry. Kossuth met this by a counter-proclamation, asserting the entire independence of Hungary, and denouncing the Ban and the new Prime Minister as traitors. The power given to Jellacic excited the indignation not only of all Hungarians, but of the citizens of Vienna. They rose the second time, and again forced the Emperor to fly, this time to Olmütz.
Time 2:00 pm at 25th july
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