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THREE:DEAN SWIFT.
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THREE:NAPOLEON SIGNING HIS ABDICATION. (See p. 83.)In America, during this time, various encounters had taken place between the English and American forces. Washington, in spite of the severity of the winter weather, was pressing the blockade of Boston. But the difficulties with[223] which he had to contend were so enormous, that, had General Howe had any real notion of them, as he ought to have had, he might have beaten off the American troops over and over again. His troops, it is true, only amounted to about seven thousand, and Washington's to about fifteen thousand; but besides the deficiency of powder in Washington's camp, the terms on which his troops served were such as kept him in constant uncertainty. This was the condition of things when, early in March, Washington commenced acting on the offensive. He threw up entrenchments on Dorchester Heights, overlooking and commanding both Boston town and harbour. Taking advantage of a dark night, on the 4th of March he sent a strong detachment to the Heights, who, before mining, threw up a redoubt, which made it necessary for General Howe to dislodge them, or evacuate the place. It seems amazing, after the affair of Bunker's Hill, that Howe had not seen the necessity of occupying the post himself. He now, however, prepared to attack the redoubt, and the soldiers were eager for the enterprise. The vanguard fell down to Castle William, at which place the ascent was to be made; and on the morrow, the 5th of March, the anniversary of what was termed the Massacre of Boston, the fight was to take place. A violent storm, however, arose, rendering the crossing of the water impracticable. By the time that it ceased, the Americans had so strengthened their works, that it was deemed a useless waste of life to attempt to carry them. The only alternative was the evacuation of Boston. Howe had long been persuaded that it would be much better to make the British headquarters at New York, where there were few American troops, and where the king's friends were numerous; and this certainly was true, unless he had mustered resolution and sought to disperse his enemies when they were in a state of disorder and deficiency of ammunition that insured his certain success. As it was, he was now most ignominiously cooped up, and in hourly jeopardy of being shelled out of the place. He had obtained the permission of his Government for this movement, and he now set about it in earnest. When, however, he came to embark, another example was given of that shameful neglect which pervaded the whole of the British civil department of the military service. When the transports were examined, they were found totally destitute of provisions and forage. No direct compact was made between Howe and Washington regarding the evacuation; but an indirect communication and understanding on the subject was entered intothrough the "select Men" of Bostonthat no injury should be done to the town during it, provided the troops were unmolested in embarking. Before departing, however, the English totally dismantled and partly demolished Castle William. On the 17th, the last of the British troops were on board; and that afternoon Boston was entered in triumph by General Putnam, at the head of the vanguard.
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THREE:In return for this favour, Clive obtained one of infinitely more importance. It was the transfer of the sole right of dominion throughout the provinces of Bengal, Orissa, and Bahar. All that vast territory was thus made the legal and valid property of the East India Company. The conveyance was ratified by public deed, which was delivered by the Great Mogul to Clive in presence of his court, the throne on which he was elevated during this most important ceremony being an English dining-table, covered with a showy cloth. And of this princewho was entirely their own puppetthe British still continued to style themselves the vassals, to strike his coins at their mint, and to bear his titles on their public seal! Clive saw the immense importance of maintaining the aspect of subjects to the highest native authority, and of avoiding alarming the minds of the native forces by an open assumption of proprietorship. By this single treaty, at the same time that he had freed the Company from all dependence on the heirs of Meer Jaffier, he derived the Company's title to those states from the supreme native power in India; and he could boast of having secured to his countrymen an annual revenue of two millions of money. Thus began a system which has played a leading part in our Indian history.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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Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.
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