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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 docauses 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 discoverya 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.[209]
THREE:The remnant of the Mahratta army fled northwards, pursued and continually reduced by the British. At the same time the reduction of the towns and forts was steadily going on, and every day the fugitive Peishwa became more and more involved in the toils of his enemies. He endeavoured to escape into Nagpore, but on the banks of the Wurda he was met, on the 1st of April, by Colonel Scott and driven back, only to fall into the hands of Colonel Adams, who attacked him near Soonee with only one regiment of native cavalry and some horse artillery, and gave him a thorough defeat, taking five guns, three elephants, and two hundred camels. More than a thousand Mahrattas fell, and the Peishwa himself narrowly escaped, his palanquin, which he had abandoned, being found shot through. Bajee Rao now endeavoured to get to the north-east into Malwa, but he was stopped by General Sir Thomas Hislop, who was advancing from that quarter towards the Deccan. At length, his forces dispersed, his towns in possession of the British, his way on all sides cut off, the Peishwa came in and surrendered himself to Sir John Malcolm, on the 3rd of June, 1818, on promise of good treatment. Sir John granted him eight lacs of rupees per annum, on condition that he resigned the title of Peishwa for ever, and surrendered all his possessions. This was confirmed by the Supreme Government at Calcutta. Thus was the existence of the Pindarrees, and the power of the Mahrattas, broken up, and the Rajah of Satara restored. He was a minor, but on reaching the age of twenty-one, which was in the year 1821, he was invested with the government of his dominions. These included a district of about eleven thousand square miles, and produced a net revenue of fifteen million rupees. Out of this, however, three lacs per annum were reserved for chiefs who had become subjects of the Company, and three more lacs were alienated. As for Trimbukjee, whose crimes and murders had determined the British to secure him at any cost, he was discovered, after a long quest, in the neighbourhood of Nassick, by Captain Swanston, and carried to Tannah, the prison from which he had escaped. He was thence transferred to Calcutta, and finally to the rock of Chunar, near Benares. The last success of this war was the reduction of the fortress of Aseerghur, one of the most formidable strongholds in India, which had undergone some most arduous sieges.

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Finibus Bonorum et Malorum" by Cicero are also reproduced in their exact original form, accompanied by English versions from the 1914 translation by H. Rackham

FORE:News now arrived of peace concluded between Britain and France. The French, to whom their possessions were restored, at once ceased hostilities and went to occupy their reacquired settlements. But Tippoo continued the war, bent on taking Mangalore. Nothing could now have prevented the English from completely conquering but the stupidity of the Council of Madras. They sent commissioners to treat with Tippoo, who, once getting them into his camp, made them really prisoners, kept all information from them, and induced them to issue orders to the English officers to cease hostilities. By these orders a junction between Stuart and Colonel Fullarton, and the immediate investment and seizure of Seringapatam, Tippoo's capital, were prevented. Fullarton had overrun a great portion of the southern districts of Mysore, and had entered into close alliance with the Zamorin of Calicut, the Rajah of Travancore, and other rajahs, tributary to Tippoo, all the way from Cochin to Goa. With ample supplies of provisions and other aids from these chiefs, Fullarton was in full march to join Stuart, and laid siege to Seringapatam, when he received peremptory orders to give up the enterprise, as the British were about concluding terms with Tippoo. Exceedingly disconcerted by these commands, which thus frustrated the results of this wonderful campaign, Fullarton, however, had no alternative but to obey, and Tippoo thus held on till he had starved out Campbell, and gained the fort of Mangalore. Then he concluded peace on condition of mutual restitution of all conquests since the war. This peace was signed on the 11th of March, 1784.

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FORE:The intelligence of this result was received by the public with transports of joy. London was illuminated for three successive nights; Edinburgh, Dublin, Manchester, Liverpool, and all the great towns followed the example. "For several days," says Alison, "the populace in all the cities of the empire seemed to be delirious with joy. Nothing had been seen like it before since the battle of Waterloo; nothing approaching to it after since the Reform Bill was passed." Meetings were immediately called in every direction to present addresses both to the king and queen: to the former, to congratulate him on the escape of his illustrious consort, and to call upon him to dismiss his present Ministers; and to the latter, to congratulate her on the restoration of those dignities from which she had been so long excluded. Not only public meetings of citizens and civic bodies, but trades of all kinds assembled and adopted addresses expressing their exultation at her triumph, and tendering their homage.

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FORE:But the agitation of this question produced a strong sensation on the Continent. Buonaparte, who watched every movement of the British Parliament and Government with the deepest anxiety, immediately seized on the discussion as a proof that Great Britain was fast sinking under his Continental system. That system, indeed, was rapidly prostrating the Continent. From all sides complaints had long been pouring in upon him that the suppression of commerce was ruining the great mercantile citiesHamburg, Bremen, Amsterdam, Rotterdam, Antwerp, Naples, Genoa, and the other parts of Italy; and that it was diffusing universal poverty and distress. The breach which the Emperor Alexander had made in it, and the determined resistance which the Swedes made to it, had caused him to feel the necessity of relaxing the rigour of his system. But now he took fresh courage. He believed that Great Britain was at her last gasp; that there would speedily be universal rebellion within her from starving citizens; and he held on in his plan, and this proved his ultimate destruction; for it made him all the more determined to coerce Russia, and thus precipitated his fatal campaign against that country.

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THREE:Scarcely had Lord Cornwallis commenced his march into the interior of North Carolina, and scarcely had he dispatched Major Ferguson with a corps of American Royalists, to advance through the country towards the frontiers of Virginia, when this corps received another proof of the wisdom of keeping out of the woods and hills. Major Ferguson was attacked near the pass of King's Mountain by swarms of riflemen, many of them mounted, from Virginia, Kentucky, and the Alleghanies who shot down and exterminated his followers almost to a man, the major falling amongst the rest. The victors gave a prompt proof of their apt adoption of Lord Cornwallis's teaching, by hanging ten of the prisoners. Lord Cornwallis was harassed by similar hordes of flying and creeping skirmishers. Hearing the news of the slaughter of Ferguson's force, he returned to Charlotte, retracing his march through most rainy weather, terrible roads, and almost totally destitute of provisions. Cornwallis fell ill on the road, and Lord Rawdon had to assume the command. It was not till the 29th of October that the army resumed its original position near Camden; and General Leslie, who had been also dispatched to co-operate with Cornwallis in Virginia, was recalled, but was obliged to return by sea.

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FORE:Great was the excitement when, in pursuance of this recommendation, Mr. Peel introduced the Emancipation Bill on the 5th of March. Everywhere the Protestant press teemed, and the Protestant pulpit rang, with denunciations of Wellington and Peel as arch-traitors. From the highest pinnacle of popularity the Duke fell to the lowest depth of infamy; the laurels won in so many glorious fields were withered by the furious breath of popular execration. Petitions were poured into the House of Commons from all parts of the United Kingdom, and "the pressure from without" was brought to bear against the two Ministers, who were considered the chief delinquents, with a force and vehemence that would have deterred a man of weaker nerves than the Duke of Wellington; but he felt that he had a duty to discharge, and he did not shrink from the consequences. Nor did Mr. Peel. His speech, in introducing the measure, went over the ground[296] he had often traversed in privately debating the question with his friends. Matters could not go on as they were. There must be a united Cabinet to carry on the king's Government effectually. It must be united either on the principle of Catholic Emancipation or Catholic exclusion. It must either concede the Catholic claims, or recall existing rights and privileges. This was impossibleno Government could stand that attempted it; and if it were done, civil war would be inevitable. The House of Commons, trembling in the nice balance of opinion, had at length inclined to concession. Ireland had been governed, since the union, almost invariably by coercive Acts. There was always some political organisation antagonistic to the British Government. The Catholic Association had just been suppressed; but another would soon spring out of its ashes if the Catholic question were not settled. Mr. O'Connell had boasted that he could drive a coach-and-six through the former Act for its suppression; and Lord Eldon had engaged to drive "the meanest conveyance, even a donkey cart, through the Act of 1829." The new member for Oxford (Sir Robert Inglis) also stated that twenty-three counties in Ireland were prepared to follow the example of Clare. "What will you do," asked Mr. Peel, "with that power, that tremendous power, which the elective franchise, exercised under the control of religion, at this moment confers upon the Roman Catholics? What will you do with the thirty or forty seats that will be claimed in Ireland by the persevering efforts of the agitators, directed by the Catholic Association, and carried out by the agency of every priest and bishop in Ireland?" Parliament began to recede; there could be no limit to the retrogression. Such a course would produce a reaction, violent in proportion to the hopes that had been excited. Fresh rigours would become necessary; the re-enactment of the penal code would not be sufficient. They must abolish trial by jury, or, at least, incapacitate Catholics from sitting on juries. Two millions of Protestants must have a complete monopoly of power and privilege in a country which contained five millions of Catholics, who were in most of the country four to onein some districts twenty to oneof the Protestants.The difficulty which Buonaparte had created for himself by the usurpation of the thrones of Spain and Portugal, had the direct result which his wisest counsellors foresaw. Austria immediately began to watch the progress of the Peninsular struggle, and the resistance of the Spanish people; and the stepping of Great Britain into that field induced her to believe that the opportunity was come for throwing off the French yoke, and avenging her past injuries and humiliations. She had made arrangements by which she could call out an immense population, and convert them into soldiers. But in determining to declare open war against Buonaparte, Austria displayed a woful want of sagacity. To compete with a general like Buonaparte, and a power like France, it needed not only that her armies should be numerous but thoroughly disciplined. Nothing could have been lost by a little delay, but much might be gained. If Buonaparte succeeded in putting down the insurrection in Spain, he would then fall on Austria with all his victorious forces; if he did not succeed, but his difficulties increased, then every day that Austria waited was a day of strength to her. Russia, which was nominally at peace with Buonaparte, but which at heart was already determined on breaking the connection, saw, with just alarm, this precipitate movement of Austria. If she rose at once, Alexander was bound by treaty to co-operate in putting her down; if she deferred her enterprise for awhile, there was every probability that they could issue forth together against the common disturber. If Austria made a rash blow and were prostrated, Russia would then be left alone; and Alexander knew well, notwithstanding Napoleon's professions, that he would lose little time in demanding some concession from him. THREE:CHARING CROSS, LONDON, IN 1795.

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FORE:Towards the end of May Wellesley commenced his march over the Spanish frontiers; his force being about twenty thousand infantry and three thousand cavalry. He fell in with the old Spanish general, Cuesta, at Oropesa, on the 20th of July, who was at the head of thirty thousand men, but miserably equipped, discouraged by repeated defeats, and nearly famished. Sir Arthur was woefully disappointed by this first view of a Spanish army in the field, and here, indeed, all his difficulties began. The general was a regular Spanish hidalgoproud, ignorant, and pig-headed. He received Wellesley with immense stiffness and ceremony, as if somebody immeasurably his inferior; and though he knew no English, nor Sir Arthur any Spanish, he would not condescend to speak French with him. His army collected supplies from all the country round; and though the British were come to fight for them, the Spaniards expected them to provide for themselves, and there was the greatest difficulty in inducing the people to sell the British anything except for fabulous prices. Still worse, Sir Arthur found it impossible to get Cuesta to co-operate in anything. He fancied that he knew a great deal more about military affairs than the "Sepoy general," as Wellesley was termed, and that he ought to direct in everything, though he had done nothing but get well beaten on every occasion. And yet, if we take a glance at the French forces now in Spain, against whom they had to make head, the utmost harmony and co-operation was necessary.SURRENDER OF THE PEISHWA. (See p. 141.) THREE:BRITISH LINE-OF-BATTLE SHIPS (1836).The progress that the electors had made in liberality of sentiment was evinced especially by two of the elections. Mr. Hume, the Radical reformer, the cold, calculating economist, the honest, plain-speaking man of the people, was returned for the county of Middlesex without opposition; and Mr. Brougham, a barrister, who owed nothing to family connectionswho, by the steadiness of his industry, the force of his character, the extent of his learning, and the splendour of his eloquence, devoted perseveringly for years to the popular cause, had won for himself, at the same time, the highest place in his profession, and the foremost position in the senatewas returned for Yorkshire. These counties had hitherto been the preserves of the great[319] landed proprietors. Lord Fitzwilliam, though the personal friend of Mr. Brougham, did not like this intrusion of a foreigner into that great county. Indeed, it had been sufficiently guarded against all but very wealthy men by the enormous expense of a contest. In 1826, when a contest was only threatened, and the election ended with a nomination, Mr. John Marshall's expenses amounted to 17,000; and, on a previous occasion, it was rumoured that Lord Milton had spent 70,000 in a contest. No wonder Brougham was a friend of Parliamentary Reform.

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FORE:This proposal, which, at an earlier stage of the dispute, might have been listened to, was one at this stage which was sure to be rejected, and was only one of those miserable half measures which commonplace minds so frequently put forth only to demonstrate their inability to grasp the amplitude of the occasion. It was supposed that the measure had been intended to be larger, but that the Bedford party had fallen on it in Council, and reduced it to these pitiable dimensions. Yet when it was introduced into the Commons by Lord North, the Bedford party looked at each other in consternation, and soon the tempest broke loose on the Treasury benches. THREE:LOUIS BLANC.THE DECLARATION OF INDEPENDENCE OF THE UNITED STATES OF AMERICA, JULY 4th, 1776.

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03.

THREE: The Congress at ViennaNapoleon's Escape from ElbaMilitary PreparationsEngland supplies the MoneyWellington organises his ArmyNapoleon's Journey through FranceHis Entry into ParisThe Enemy gathers round himNapoleon's PreparationsThe New ConstitutionPositions of Wellington and BlucherThe Duchess of Richmond's BallBattles of Ligny and Quatre BrasBlucher's RetreatThe Field of WaterlooThe BattleCharge of the Old GuardArrival of the PrussiansThe RetreatFrench Assertions about the Battle refutedNapoleon's AbdicationThe Allies march on ParisEnd of the Hundred DaysThe Emperor is sent to St. HelenaThe War in AmericaEvents on the Canadian FrontierRepeated Incapacity of Sir George PrevostHis RecallFailure of American Designs on CanadaCapture of Washington by the BritishOther ExpeditionsFailure of the Expedition to New OrleansAnxiety of the United States for PeaceMediation of the CzarTreaty of GhentExecution of Ney and LabdoyreInability of Wellington to interfereMurat's Attempt on NaplesHis ExecutionThe Second Treaty of ParisFinal Conditions between France and the AlliesRemainder of the Third George's ReignCorn Law of 1815General DistressRiots and Political MeetingsThe Storming of AlgiersRepressive Measures in ParliamentSuspension of the Habeas Corpus ActSecret Meetings in LancashireThe Spy OliverThe Derbyshire InsurrectionRefusal of Juries to convictSuppression of seditious WritingsCircular to Lords-LieutenantThe Flight of CobbettFirst Trial of HoneThe Trials before Lord EllenboroughBill for the Abolition of SinecuresDeath of the Princess CharlotteOpening of the Session of 1818Repeal of the Suspension ActOperation of the Corn LawThe Indemnity BillIts Passage through ParliamentAttempts at ReformMarriages of the Dukes of Clarence, Cambridge, and KentRenewal of the Alien ActDissolution of Parliament and General ElectionStrike in ManchesterCongress of Aix-la-ChapelleRaids of the PindarreesLord Hastings determines to suppress themMalcolm's CampaignOutbreak of CholeraCampaign against the PeishwaPacification of the Mahratta DistrictApparent Prosperity of Great Britain in 1819Opening of ParliamentDebates on the Royal ExpenditureResumption of Cash PaymentsThe BudgetSocial ReformsThe Scottish BurghsRoman Catholic Emancipation rejectedWeakness of the GovernmentMeeting at ManchesterThe Peterloo MassacreThe Six ActsThe Cato Street ConspiracyAttempted Insurrection in ScotlandTrials of Hunt and his AssociatesDeath of George III.

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04.

THREE:We have already noted the excitement in Scotland at the Act which was passed in 1778 for the repeal of some of the severest disabilities of the Catholics; and this had been greatly increased by the proposal to extend its operation by a second Act to Scotland. The fanatics of Scotland were promptly on the alert, and there were dangerous riots in Edinburgh and Glasgow. But the same unchristian spirit had now spread to England, and Protestant Associations, as they were called, linked together by corresponding committees, were established in various towns, and had elected as their president and Parliamentary head Lord George Gordon, a brother of the Duke of Gordon. During the spring of 1780 he presented several petitions from the people of Kent, and he then conceived his grand idea of a petition long enough to reach from the Speaker's chair to the centre window at Whitehall, out of which Charles walked to the scaffold. At a meeting of the Protestant Association, held towards the end of May in Coachmakers' Hall, in London, he announced that he would present this petition on the 2nd of June. Resolutions were passed that the Association and all their friends must go in procession on that day to present the petition. They were to assemble in St. George's Fields; every one must have a blue cockade in his hat, to distinguish him from the enemies of the cause; and Lord George, to stimulate them, told them that unless the gathering amounted to twenty thousand he would not present the petition. On the 26th of May he stated in the House of Commons that he should appear there with the petition at the head of all those who had signed it. Accordingly, on 2nd of June vast crowds assembled on the appointed spot, amounting to sixty thousand, or, as many asserted, one hundred thousand men. This formidable throng was arranged in four battalions, one consisting entirely of Scotsmen, who received Lord George with enthusiastic acclamations, and, after a vapouring speech from him, marched by different ways to Westminster.

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The Ministry of Addington was felt to be utterly inadequate to the difficulties of the times. The country felt that Pitt or Fox must soon be called to the helm. Addington had shown a desire to strengthen his administration by bringing into it George Tierney, whom he had appointed Treasurer of the Navy and a Privy Councillor. Pitt, who had an intense dislike to Tierneywith whom he had, in 1798, fought a duelshowed increasing determination, from the introduction of Tierney to the Cabinet, to oppose the Ministry of Addington with all his vigour. An opportunity was given him on the 27th of February. The Hon. Sir Charles Yorke, the Secretary-at-War, had introduced a Bill for consolidating all the existing laws respecting the volunteers. In the debate on the second reading of this Bill on this day, a question was incidentally introduced by Sir Robert Lawley as to the exact state of the king's health, which, he said, concerned the safety of the country as much as the affairs of the volunteers. Fox followed up this idea, and demanded more perfect information on this subject from Ministers. He declared that the House had no information on this important subject, and he asked whether the Chancellor of the Exchequer really had any. He supported the motion for an adjournment which Sir Robert Lawley had made, in order that the House might be put in possession of the truth. Fox made it felt that he was looking forward to the fact of a regency. Addington, on this, declared that there was no necessity for any serious measures, that he was persuaded that the king's indisposition would be of short duration. Pitt made some strong observations on the conduct[495] of Ministers in keeping Parliament in the dark on this head, though he opposed the adjournment.But, not contented with this superiority, the British were tempted to invest and endeavour to storm New Orleans. This was returning to the old blunders, and giving the American sharp-shooters the opportunity of picking off our men at pleasure in the open field from behind their walls and batteries. This ill-advised enterprise was conducted by Sir Edward Pakenham. Nothing was so easy as for our ships to blockade the mouth of the Mississippi, and thus destroy the trade, not only of New Orleans, but of all the towns on that river; but this common-sense plan was abandoned for the formidable and ruinous one of endeavouring to take the place by storm. The city of New Orleans lies at the distance of one hundred and ten miles from the sea, on a low, boggy promontory, defended on the river side by a chain of powerful forts, and on the other by morasses. Having landed as near New Orleans as they could, the British troops, on the 23rd of December, were met by an American army, and received a momentary repulse; but this was quickly reversed, and on Christmas day Sir Edward Pakenham encamped at the distance of six miles from New Orleans. But he found at least twenty thousand Americans posted between him and the city, behind a deep canal and extensive earthworks. There was no way of approaching them except across bogs, or through sugar plantations swarming with riflemen, who could pick off our men at pleasure. This was exactly one of those situations which the whole course of our former wars in that country had warned us to avoid, as it enabled the Americans, by their numerous and excellent riflemen, to destroy our soldiers, without their being in scarcely any danger themselves. In fair and open fight they knew too well that they had no chance with British troops, and the folly of giving them such opportunities of decimating those troops from behind walls and embankments is too palpable to require military knowledge or experience to point it out. Yet Sir Edward Pakenham, who had fought in the Peninsula, was imprudent enough to run himself into this old and often-exposed snare. On the 26th of December he commenced a fight on these unequal terms, the Americans firing red-hot balls from their batteries on the unscreened advancing columns, whilst from the thickets around the Kentucky riflemen picked off the soldiers on the flanks. Pakenham thus, however, advanced two or three miles. He then collected vast quantities of hogsheads of sugar and treacle, and made defences with them, from which he poured a sharp fire on the enemy. By this means he approached to within three or four hundred yards of the American lines, and there, during the very last night of the year, the soldiers worked intensely to cast up still more extensive breastworks of sugar and treacle casks, and earth.The best excuse for George II.'s apparent sluggishness was, that the French were now so closely pressed by concentrating armies. Prince Charles of Lorraine and the Austrians were pressing De Broglie so hotly that he was glad to escape over the Rhine near Mannheim; and Noailles, thus finding himself between two hostile armies, followed his example, crossed over the Rhine to Worms, where, uniting with Broglie, they retreated to their own frontier at Lauter, and thus the Empire was cleared of them. The Emperor Charles now suffered the fate which he may be said to have richly deserved. He was immediately compelled to solicit for peace from Austria through the mediation of George of England and Prince William of Hesse. But Maria Theresa, now helped out of all her difficulties by English money and English soldiers, was not inclined to listen to any moderate terms, even when proposed by her benefactor, the King[86] of England. The Emperor was down, and she proposed nothing less than that he should permanently cede Bavaria to her, or give up the Imperial crown to her husband. Such terms were not to be listened to; but the fallen Emperor finally did conclude a treaty of neutrality with the Queen of Hungary, by which he consented that Bavaria should remain in her hands till the conclusion of a peace. This peace the King of England and William of Hesse did their best to accomplish; and Carteret, who was agent for King George, had consented that on this peace England should grant a subsidy of three hundred thousand crowns to the Emperor. No sooner, however, did the English Ministers receive the preliminaries of this contract, than they very properly struck out this subsidy, and the whole treaty fell to the ground.
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