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ONE:But the bullionists were still bent on forwarding their scheme, or on throwing the country into convulsions. Lord King announced to his tenants in a circular letter that he would receive his rents in specie or in bank-notes to an amount equalling the advanced value of gold. This raised a loud[12] outcry against the injustice of the act, which would have raised the rents of his farms twenty or more per cent.; and Lord Stanhope brought in a Bill to prevent the passing of guineas at a higher value than twenty-one shillings, and one-pound banknotes at a less value than twenty shillings. There was a strenuous debate on the subject in both Houses. In the Lords, Lord Chancellor Eldon demonstrated the enormity of people demanding their rents in gold when it did not exist, and when, if the person who could pay in notes carried these notes to the Bank of England, he could not procure gold for them. He denominated such a demand from landlords as an attempt at robbery. Yet the Bill was strongly opposed in both Housesin the Commons by Sir Francis Burdett, Sir Samuel Romilly, Brougham, and others. It underwent many modifications, but it passed, maintaining its fundamental principles, and landlords were obliged to go on taking their rents in paper. TWO:By the terms of the Treaty of Tilsit, Prussian Poland was taken away, but not to be incorporated with a restored Poland, as Buonaparte had delusively allowed the Poles to hope. No; a restored Poland was incompatible with a treaty of peace with Russia, or the continuance of it with Austria. It was handed over to the Duke of Saxony, now elevated to the title of the King of Saxony and Duke of the Grand Duchy of Warsawthe name which Prussian Poland assumed. The duped Polish patriots cursed Buonaparte bitterly in secret. Alexander, with all his assumed sympathy for his fallen cousins of Prussia, came in for a slice of the spoil, nominally to cover the expenses of the war. Dantzic, with a certain surrounding district, was recognised as a free city, under the protection of Prussia and Saxony; but Buonaparte took care to stipulate for the retention of a garrison there till the conclusion of a general peace, so as to stop out any British armament or influence. To oblige the Emperor of Russia, he allowed the Dukes of Saxe-Coburg, Oldenburg, Mecklenburg-Schwerin, who were the Czar's relations, to retain possession of their territories; but he returned to Prussia only about one-half of the provinces which he had seized, reducing her very much to the limits in which Frederick the Great had found her before his usurpations. She surrendered her provinces between the Rhine and the Elbe, which, together with Hesse, Brunswick, and part of Hanover, were formed into the kingdom of Westphalia and given to Jerome Buonaparte. She was saddled by a crushing war indemnity, and had to leave Berlin and the chief fortresses in the hands of the French until the debt was paid. In the articles of the Treaty which were made public, Alexander paid a nominal courtesy to his ally, Great Britain, by offering to mediate between her and France, if the offer were accepted within a month; but amongst the secret articles of the Treaty was one binding the Czar to shut his ports against all British vessels, if this offer were rejected. This was a sacrifice demanded of Alexander, as Great Britain was Russia's best customer, taking nearly all her raw or exported produce. In return for this, and for Alexander's connivance at, or assistance in, Buonaparte's intention of seizing on Spain and Portugal, for the taking of Malta and Gibraltar, and the expulsion of the British from the Mediterranean, Alexander was to invade and[546] annex Finland, the territory of Sweden, and, giving up his designs on Moldavia and Wallachia, for which he was now waging an unprovoked war, he was to be allowed to conquer the rest of Turkey, the ally of Napoleon, and establish himself in the long-coveted Constantinople. Thus these two august robbers shared kingdoms at their own sweet will and pleasure. Turkey and Finland they regarded as properly Russian provinces, and Spain, Portugal, Malta, Gibraltar, and, eventually, Britain, as provinces of France.[See larger version]
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ONE: TWO:If the French had been by no means successful in Germany, they had been much less so in other quarters of the globe. In the East Indies we had taken Pondicherry, their chief settlement, from them, and thus remained masters of the whole coast of Coromandel, and of the entire trade with India. In the West Indies, the French had been fortifying Dominica, contrary to treaty, and Lord Rollo and Sir James Douglas were sent thither, and speedily reduced it. France, indeed, was now fast sinking in exhaustion. Louis XV. was a man of no mark or ability, inclined to peace, and leaving all affairs to his Ministers, and still more to his mistress, Madame de Pompadour. Choiseul was a man of talent, but of immense vanity, and little persistent firmness. He was now anxious for peace, but, too proud to make the proposal directly, he induced the Courts of Russia and Austria to do it. It was suggested that a congress should be held at Augsburg for settling the peace of Europe. England and Prussia readily consented. But the Duke of Choiseul, anxious to have a clear understanding of the terms on which England and France were likely to treat, proposed a previous exchange of views, and dispatched M. Bussy to London, whilst Mr. Pitt sent to Paris Mr. Hans Stanley.The Bills were highly necessary, and, on the whole, well calculated to nip in the bud those ever-growing abuses of India and its hundred millions of people which, some seventy years later, compelled Government to take the control out of the hands of a mere trading company, whose only object was to coin as much money as possible out of the country and the folk. But it needed no sagacity to see that the means of defeat lay on the very surface of these Bills. Those whose sordid interests were attacked had only to point to the fact that Parliament, and not the Crown, was to be the governing party under these Bills, in order to secure their rejection. This was quickly done through a most ready agent. Thurlow had been removed by the Ministry from the Woolsack, where he had remained as a steady opponent of all the measures of his colleagues; and it required but a hint from the India House, and he was at the ear of the king. Nothing was easier than for Thurlow to inspire George III. with a deep jealousy of the measure, as aiming at putting the whole government of India into the hands of Parliament and of Ministers, and the effect was soon seen.
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ONE:When the new Parliament met, on the 18th of May, it was seen how completely Fox and North had destroyed their prestige by their late factious conduct, and how entirely Pitt had made himself master of the situation. His patience and cool policy under the tempestuous assaults of the Opposition had given the country a wonderful confidence in him. One party extolled him as the staunch defender of the prerogative, another as the champion of reform and enemy of aristocratic influence. Not less than one hundred and sixty of the supporters of the late Coalition Ministry had been rejected at the elections, and they were held up to ridicule as "Fox's Martyrs." TWO:
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ONE:"Doctor said air was best TWO:In the course of this commercial madness the imports greatly exceeded the exports, and there was consequently a rapid drain of specie from the country. The drain of bullion from the Bank of England was immense. In August, 1823, it had 12,658,240, which in August, 1825, was reduced to 3,634,320, and before the end of the year it ran as low as 1,027,000. Between July, 1824, and August, 1825, twelve millions of cash were exported from Great Britain, chiefly to South America. During the Revolutionary war, which had lasted for fourteen years, the capital of the country had been completely exhausted, while all productive labour had been abandoned. The unworked mines were filled with water. They were accessible, it is true, to English speculators, but they were worked exclusively with English capital. The South American mining companies were so many conduits through which a rapid stream of gold flowed from Great Britain. The catastrophe that followed took the commercial world by surprise; even the Chancellor of the Exchequer failed to anticipate the disaster. On the contrary, his Budget of 1825 was based upon the most sanguine expectations for the future, and on the assurance that the public prosperity was the very reverse of what was ephemeral and peculiar, and that it arose from something inherent in the nation. Even at the prorogation of Parliament in July, the Royal Speech referred to the "great and growing" prosperity on which his Majesty had the happiness of congratulating the country at the beginning of the Session. The commercial crisis, however, with widespread ruin in its train, was fast coming upon Britain. Vast importations, intended to meet an undiminished demand at high prices, glutted all the markets, and caused prices to fall rapidly. Merchants sought accommodation from their bankers to meet pressing liabilities, that they might be enabled to hold over their goods till prices rallied. This accommodation the bankers were unable to afford, and sales were therefore effected at a ruinous loss. The South American mines, it was found, could not be worked at a profit, and they made no return for the twenty million pounds of British money which they had swallowed up. The effect was a sudden contraction of the currency, and a general stoppage of banking accommodation. The country banks, whose issues had risen to 14,000,000, were run upon till their specie was exhausted, and many of them were obliged to stop payment. The Plymouth Bank was the first to fail, and in the next three weeks seventy banks followed in rapid succession. The London houses were besieged from morning to night by clamorous crowds, all demanding gold for their notes. Consternation spread through all classes. There was a universal pressure of creditors upon debtors, the banks that survived being themselves upon the edge of the precipice; and the Bank of England itself, pushed to the last extremity, peremptorily refused accommodation even to their best customers. Persons worth one hundred thousand pounds could not command one hundred pounds; money seemed to have taken to itself wings and fled away, reducing a state of society in the highest degree artificial almost to the condition of primitive barbarism, which led Mr. Huskisson to exclaim, "We were within twenty-four hours of barter."
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ONE:Fox saw the growing change with alarm. He saw that all their resolutions and addresses produced no effect on the Ministerial party; and he did not dare to go further and pass a Bill, either legislative or declaratory, for he felt that the Lords would throw it out; and to stop the supplies, or delay the Mutiny Bill would probably disgust and annihilate the very majority on which he depended. In these circumstances, he probably saw with satisfaction an attempt at coalition. Mr. Grosvenor, the member for Chester, during the three days of the adjournment, called a meeting of members of both parties for the purpose of seeing whether a coalition could not be formed, and thus put an end to this violent contest. About seventy members met, and an address to the Duke of Portland and Mr. Pitt was signed by fifty-four. Pitt expressed his readiness to co-operate in such a plan, but the Duke of Portland declared that the first indispensable step towards such a measure must be the resignation of Ministers. This put an end to all hope of success. TWO:But whilst his political efforts did their work in his lifetime, his literary labours are the basis of his present fame. These were almost all produced after his sixtieth year; "Robinson Crusoe," by far the most popular of all his writings and one of the most popular in all the world's literature, "The Dumb Philosopher," "Captain Singleton," "Duncan Campbell," "Moll Flanders," "Colonel Jacque," "The Journal of the Plague," "The Memoirs of a Cavalier," "The Fortunate Mistress; or, Roxana," "The New Voyage round the World," and "Captain Carleton." The life and fidelity to human nature with which these are written have continually led readers to believe them altogether real narratives. The "Journal of the Plague" was quoted as a relation of facts by Dr. Mead; Chatham used to recommend "The Memoirs of a Cavalier" as the best account of the Civil War; Dr. Johnson read the life of "Captain Carleton" as genuine, and we continually see the story of "Mrs. Veal's Ghost," written by Defoe to puff Drelincourt's heavy "Essay on Death," included in collections as a matter-of-fact account of an apparition. This quality of verisimilitude is one of the greatest charms of his inimitable "Crusoe," which is the delight of the young from age to age.
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