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THREE:Still there was no need to despair. The archduke had yet a great force; there were the divisions of the Archdukes John, Ferdinand, and Regnier, and the Tyrolese were all in active operation in their mountains. But the Emperor, on learning the fate of the battle, lost heart, made offers of peace, which were accepted, and an armistice was signed by Francis at Znaim, in Moravia. The armistice took place on the 11th of July, but the treaty of peace was not signed till the 14th of October, at the palace of Sch?nbrunn. The long delay in completing this treaty was occasioned by the exactions which Buonaparte made on Austria of cessions of territory, and the means he took to terrify Francis into submission to his terms. He even addressed a proclamation to the Hungarians, exhorting them to separate from Austria and form an independent kingdom, telling them that they formed the finest part of the Austrian empire, and yet had received nothing from Austria but oppression and misfortunes. By such means, and by constantly exerting himself to sow the germs of discontent through all the Austrian provinces, he at last succeeded in concluding peace on condition of the cession of various territories to his partisans of the Confederacy of the Rhine, and of Trieste, the only Austrian port, to France, thus shutting up Austria, as he hoped, from communication with England. In all, Austria sacrificed forty-five thousand square miles and nearly four millions of subjects to this shameful peace. Neither were his allies, the King of Saxony and the Emperor of Russia, forgotten; each obtained a slice of Austria.

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THREE:Pitt had not forgotten the difficulty started by Burke, as to the recognition of the return to entire sanity of the king, and he now met it by proposing that when five out of the eight councillors appointed to assist the queen should declare the king's health restored, they should notify this to the political servants of the regent, and announce it in the London Gazette, as well as communicate it to the Lord Mayor; that the king should then summon nine of his Privy Council, who, sitting in council with him should be able to observe whether he were perfectly restored or not; and if six of the nine agreed that he was so, these six should sign a proclamation to that effect, on which the regency should cease and determine. Various amendments on this motion were made, but without effect, and it was carried. On the 12th of April the Regency Bill finally passed the Commons, and was carried up to the Lords, with the addition of a clause limiting the restriction on the making of peers to three years.The first steamboat that was worked for hire in Britain was the Comet, a small vessel with an engine of three horse-power. Two years later the Elizabeth, of eight horse-power, and the Clyde, of fourteen horse-power, were placed upon the river Clyde. Thus Scotland has had the honour of leading the way in this great line of improvement. In 1820 there were but three steam-vessels built and registered in England, four in Scotland, and one in Ireland. In 1826 there were fifty in England, and twenty-two in Scotland, with 9,000 tons burden. The building of steamers proceeded regularly, with an increasing amount of tonnage, till the number rose in 1849 to 1,296 steam-vessels, the aggregate burden of which was 177,310 tons. They were distributed as follows:��In the ports of England, 865 vessels, 103,154 tons; Scotland, 166 vessels, 29,206 tons; Ireland, 111 vessels, 26,369 tons; the Channel Islands, 7 vessels, 955 tons; the colonies, 147 vessels, 17,626 tons. A Committee of the House of Commons was appointed in June, 1837, to inquire into the best means of establishing communication by steam with India by way of the Red Sea. During the year arrangements were made for the establishment of a regular monthly steam communication between Great Britain and India by way of the Red Sea upon the following basis:��"The Government undertakes the transmission of the monthly mails between Great Britain and Alexandria at the sole charge of the public; and the East India Company undertakes the transmission of these[422] mails between Alexandria and Bombay, upon condition that one-half of the expense incurred in the purchase and navigation of steam-vessels, and of any other expense incurred in the service, is defrayed by the Government, which is to receive the whole money connected with postage of letters between London and Bombay." This arrangement was carried out, and a further economy of time was obtained by the overland route to Marseilles, instead of transmitting the mails by steam-packets from Falmouth through the Strait of Gibraltar. In this way the journey was shortened to the extent of more than 1,000 miles, the direct distance by Marseilles and Malta being 5,238 miles, and by way of Falmouth, 6,310 miles. This system of conveyance was maintained till 1841, when the Government entered into a contract with the Peninsular and Oriental Steam Navigation Company, which undertook to employ powerful steam-vessels for the carrying of letters and passengers between England and Egypt, and between Suez, Ceylon, Madras, and Calcutta, towards the expenses of which the East India Company undertook to contribute ��20,000 per annum for five years. After some time there was a further extension of the plan, by which the Government engaged to contribute ��50,000 per annum towards the expense of the line of steam-packets between Bombay and Suez, ��115,000 per annum for the service between Calcutta and Suez, and ��45,000 for the service between Ceylon and Hong Kong, making a total of ��210,000 per annum, of which one-third was to be repaid by the East India Company. By these arrangements was obtained a regular and safe steam communication twice a month to India, and once a month to China. We may judge of the extent of the intercourse thus carried on by the fact that in 1836 Great Britain received from Calcutta, Madras, Bombay, and Ceylon about 180,000 letters, and sent to those places in the same year nearly 112,000 letters.

THREE:[See larger version]Savings-banks afford a very good index to the improved condition of the working classes. In 1830 the total number of depositors in the United Kingdom was 412,000; and the amount deposited, ��13,500,000. In 1840 the number of depositors had increased to nearly 800,000, and the amount to ��23,500,000. The total number of depositors in 1845 was 1,000,000, and the amount of investments nearly ��33,000,000. Of this sum, domestic servants, nearly all females, deposited ��80,000.