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Before the close of April a great commercial crisis had taken place in England, and Ministers were compelled to make a new issue, by consent of Parliament, of five millions of Exchequer Bills, to assist merchants and manufacturers, under proper security. The sudden expansion of industry which was met by an undue increase of the paper currency rather than bullion, combined[417] with reckless banking, produced the crisis. It was calculated that out of the 350 provincial banks 100 failed. In the circumstances the issue of Exchange Bills was a most successful makeshift.While these things had been passing in England, the Revolution in France had been making great strides. The Assembly, after its removal to Paris, passed completely under the influence of the violent Jacobin Club, and the work of destruction and reconstitution proceeded with startling rapidity. By the division of France into Departments all the old territorial arrangements and provincial Assemblies were abolished; the judicial system was re-established on a popular basis, and its dependence on the Crown swept away; the Church was made a department of the State, and its vast property sold, chiefly by means of bills payable in Church lands and called assignats. The position of the king became well-nigh intolerable. There was a chance, indeed, that Mirabeau might extricate him from the toils of his enemies. That great man, now reconciled to the Court, advised him to withdraw from the capital, and throw himself upon the conservatism of the country districts. But the death of Mirabeau in April, 1791, deprived Louis of his only wise adviser, and in June he adopted the ill-judged course of flying from Paris, with the object of making his way across the frontier and joining the enemies of his country. The flight was ill-managed, the royal family were arrested at Varennes and brought back as prisoners to Paris, where they were placed under the strictest surveillance.
THREE:The excitement was kept up during the summer and autumn by meetings held in various places, and the arrest of persons taking a prominent part in the proceedings. On the 4th of August there was an evening meeting at Manchester held in Stephenson's Square, when about 5,000 persons attended. The object was to determine whether "the sacred month" should commence on the 12th of August or not. Mr. Butterworth, who moved the first resolution, said he considered that the Chartists of 1839 were the Whigs of 1832, and the Whigs of 1839 were the Tories of 1832. The Whigs were more violent then than the Chartists now, and yet the Whigs were the very men to punish the Chartists. During the meeting persons[458] in the crowd continued to discharge firearms. There was, however, no disturbance of the public peace. 19 August 2015, John Doe
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THREE:[See larger version] 19 August 2015, John Doe
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THREE: 19 August 2015, John Doe
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THREE:THE FUSILIERS AT ALBUERA. (See p. 18.) 19 August 2015, John Doe
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WASHINGTON AND HIS MEN AT VALLEY FORGE. (See p. 239.)
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