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On the morning of Monday, the 28th, the king's brother, Edward, Duke of York, and Lord Bute were sworn members of the Privy Council. It was obvious that Bute was to be quite in the ascendant, and the observant courtiers paid instant homage to the man through whom all good things were to flow. The king declared himself, however, highly satisfied with his present Cabinet, and announced that he wished no changes. A handbill soon appeared on the walls of the Royal Exchange expressing the public apprehension: "No petticoat governmentno Scotch favouriteno Lord George Sackville!" Bute had always championed Lord George, who was so bold in society and so backward in the field; and the public now imagined that they would have a governing clique of the king's mother, her favourite, Bute, and his favourite, Lord George.

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"Thus," says Thiers, "was effected the first revolution. The Tiers tat had recovered the Legislature, and its adversaries had lost it by attempting to keep it entirely to themselves. In a few days this legislative revolution was completely consummated." But it was not consummated without a violent fermentation of the populace.
ONE:In our time this defeat would, as a matter of course, have turned out the Ministry, but in that day it had no such effect. They continued to hold office, and to command undiminished majorities on other questions. Still more singular was its effect, for it induced them to offer office to their triumphant opponent Walpole, who not only accepted a subordinate post amongst themthe Paymaster of the Forcesbut consented to support the very clauses regarding the Scottish peers which he had so firmly denounced, should they be inclined to bring forward the Bill a third time.On the 18th of February, Colonel Fitzpatrick, Fox's most intimate friend, presented another petition from the electors of Westminster, praying to be heard by counsel, in consequence of new facts having come to light, but Lord Frederick Campbell, on the part of Government, moved that such counsel should not argue against the legality of the scrutiny. The counsel, on being admitted, refused to plead under such restrictions. The House then called in the high bailiff, and demanded what the new facts were on which the petition was based, and he admitted that they were, that the party of Mr. Fox had offered to take the scrutiny in the parishes of St. Margaret's and St. John's alone, where Mr. Fox's interest was the weakest, in order to bring the scrutiny to an end, and that Sir Cecil Wray had declined the offer. Colonel Fitzpatrick then moved that the high bailiff should be directed to make a return, according to the lists on the close of the poll on the 17th of May last. This motion was lost, but only by a majority of nine, showing that the opinion of the House was fast running against the new Minister, and on the 3rd of March Alderman Sawbridge put the same question again, when it was carried by a majority of thirty-eight. It was clear that the Government pressure could be carried no further. Sawbridge moved that the original motion should be put, and it was carried without a division. The next day the return was made, and Fox and Lord Hood were seated as the members for Westminster. Fox immediately moved that the proceedings on this case should be expunged from the journals, but without success. He also commenced an action against the high bailiff for not returning him at the proper time, when duly elected by a majority of votes. He laid his damages at two hundred thousand pounds, and the trial came on before Lord Loughborough, formerly Mr. Wedderburn, in June of the following year, 1786, when the jury gave him immediately a verdict, but only for two thousand pounds, which he said should be distributed amongst the charities of Westminster.
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FORE:THE "NOTTINGHAM CAPTAIN" AND THE AGITATORS AT THE "WHITE HORSE." (See p. 126.)
FORE:Of course, the commercial changes introduced by Mr. Huskisson and Mr. Robinson excited loud murmurs of dissatisfaction from the interests affected, especially the shipping interest. But the best answer to objectors was the continuously flourishing state of the country. At the opening of the Session in 1825, Lord Dudley and Ward, in moving the Address in answer to the King's Speech in the Upper House, observed:"Our present prosperity is a prosperity extending to all orders, all professions, and all districts, enhanced and invigorated by the flourishing state of all those arts which minister to human comfort, and those inventions by which man obtains a mastery over nature by the application of her own powers, and which, if one had ventured to foretell a few years ago, it would have appeared almost incredible." This happy state of things was the result of a legitimate expansion of trade. Manufacturers and merchants were at first guided by a spirit of sober calculation. The steady advance in the public securities, and in the value of property of all sorts, showed that the national wealth rested upon a solid basis. The extension of the currency kept pace with the development of trade and commerce, and the circulation of bankers' paper was enormously increased. But out of the national prosperity there arose a spirit of rash speculation and adventure, resulting in a monetary crisis. The issue of notes by country banks was under no restriction; no measures were taken to secure that their paper represented property, and could be redeemed if necessary. There were hundreds of bankers in the provinces who could issue any quantity of notes they pleased, and these passed as cash from hand to hand. The spirit of speculation and enterprise was stimulated to a feverish degree of excitement by the recognition of the states of Colombia, Mexico, and Buenos Ayres, formally announced in the King's Speech on the 3rd of February, which said that treaties of commerce had been made with those new states. The rich districts of South America being thus thrown open, there was a rush of capitalists and adventurers to work its inexhaustible mines. A number of companies was formed for the purpose, and the gains of some of them in a few months amounted to fifteen hundred per cent. The result was a mania of speculation, which seized upon all classes, pervaded all ranks, and threw the most sober and quiet members of society into a state of tumultuous excitement. Joint-stock companies almost innumerable were established, to accomplish all sorts of undertakings. There were thirty-three companies for making canals and docks, forty-eight for making railroads, forty-two for gas, twenty insurance companies, twenty-three banking companies, twelve navigation packet companies, five indigo and sugar companies, thirty-four metal companies, and many others. The amount of capital subscribed in these various companies, which numbered two hundred and seventy-six, was upwards of 174,000,000. In connection with South America there was the Anglo-Mexican Company, the Brazilian, the Colombian, Real de Monte, and the United Mexican. On the South American shares only ten pounds each had been paid, except the Real de Monte, on which 70 had been paid. We may judge of the extent to which gambling speculation was carried from the following statement of the market prices of the shares, in five of the principal mining companies[243], at two periods, December 10th, 1824, and January 11th, 1825:
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FORE:TRINITY COLLEGE, DUBLIN. (From a Photograph by Poulton and Son, Lee.)
The downfall of the French monarchy was the cause, more or less directly, of a series of Continental revolutions, but Spain was less affected by the flight of the monarch who had exerted so baneful an influence upon its policy and its Royal Family than might have been anticipated. Sir Henry Lytton Bulwer was then British Minister at Madrid, and Lord Palmerston was Secretary of State for Foreign Affairs. He evidently expected another revolution in Spain, as appears from a remarkable despatch which he addressed to Sir Henry. Its tone was certainly rather dictatorial, and it is not much wonder that it fired the pride of the Spanish Government. The noble lord wrote as follows:"Sir,I have to recommend you to advise the Spanish Government to adopt a legal and constitutional system. The recent downfall of the King of the French and of his family, and the expulsion of his Ministers, ought to indicate to the Spanish Court and Government the danger to which they expose themselves in endeavouring to govern a country in a manner opposed to the sentiments and opinions of the nation; and the catastrophe which has just occurred in France is sufficient to show that even a numerous and well-disciplined army offers only an insufficient means of defence to the Crown, when the system followed by it is not in harmony with the general system of the country. The Queen of Spain would act wisely, in the present critical state of affairs, if she were to strengthen her executive Government, by widening the basis on which the administration reposes, and in calling to her councils some of the men in whom the Liberal party places confidence."The effect of steam communication between Great Britain and Ireland was to increase very greatly the traffic of those countries. It has been stated that in order to save the salaries of one or two junior clerks, it was determined to cease keeping any official records of this traffic, with the exception of grain and flour. In the absence of such records we can only arrive at an approximation to the quantity and value of the exports and imports. It was, however, estimated by persons acquainted with the subject, that the quantity of agricultural produce imported into Liverpool alone in 1832 was worth four millions and a half sterling; and this produce consisted chiefly of live stockhorses, sheep, and pigswhich could not have been so profitably brought over by sailing vessels. The value of agricultural produce brought to the port of Bristol from Ireland in the same year was one million sterling. The total value of all sorts of live animals brought from Ireland to Liverpool in 1837 was 3,397,760. One of the most curious items in the traffic is the egg trade. In the course of the year 1832 no less than 100,000 was paid for Irish eggs in Liverpool and Bristol alone. Looking at the whole traffic between the two islands, we perceive that the amount of tonnage employed in 1849 was 250 per cent. more than it was in 1801. Up to 1826 the increase was not so rapid as subsequently, it being then only 62 per cent. on the whole period, showing an annual increase of 2-2/5 per cent., whereas for the quarter of a century that followed, the increase was 188 per cent., the annual increase being 8 per cent.But, in spite of the importance of these measures, there was one question which engrossed the attention of both parliament and the public far more than any other. This was the demand by Burke for the impeachment of Warren Hastings, late Governor-General of Bengal, for high crimes and misdemeanours there alleged to have been by him committed. It therefore becomes necessary at this point to resume our narrative of Indian affairs from the year 1760, which our connected view of the events of the American war necessarily suspended.
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