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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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On the 17th of February he introduced this plan in two Bills. He declared that his policy had always been pacific; that he had never proposed any tax on the Americanswhen he came into office he had found them taxed already; that he had tried conciliatory means before the sword was drawn, and would still gladly try them. He had thought the former propositions to the Americans very reasonable, and he thought so still. Forgetful of the hopes that he had held out, of assisting the revenues of Great Britain by the taxation of Americans, he now surprised his auditors by asserting that he had never expected to derive much revenue from America, and that, in reality, the taxes imposed had not paid the expenses of the attempt to collect them. The first of his Bills, therefore, he entitled one "For removing all doubts and apprehensions concerning taxation by the Parliament of Great Britain in any of the colonies." It repealed entirely the tea duty in America, and declared "that from and after the passing of this Act, the king and Parliament of Great Britain will not impose any duty, tax, or assessment whatever, in any of his Majesty's colonies, except only such duties as it may be expedient to impose for the regulation of commerce, the nett produce of such duty to be always paid and applied to and for the use of the colony in which the same shall be levied." The second Bill removed some otherwise insuperable obstacles to a treaty. The Commissionersfive in numberwere to raise no difficulties as to the legal ranks or titles of those with whom they would have to negotiate. They were empowered to proclaim a cessation of hostilities on the part of the king's forces by sea or land for any necessary term and on any necessary conditions. They might suspend all the Acts of Parliament respecting America passed since 1763, yet the Bill excepted the repeal of the Massachusetts Charter, and introduced that into a separate Actanother weak measure, for on such an occasion the only wisdom was to wipe away all Acts, or repeal of Acts, which had arisen out of these unhappy differences. The effect of this statement has been well described in the Annual Register of that year, in an article supposed to be from the hand of Burke:"A dull, melancholy silence for some time succeeded this speech. It had been heard with profound attention, but without a single mark of approbation of any part, from any description of men, or any particular man in the House. Astonishment, dejection, and fear overclouded the whole assembly. Although the Minister had declared that the sentiments he had expressed that day had been those which he always entertained, it is certain that few or none had understood him in that manner, and he had been represented to the nation at large as the person in it the most tenacious of those Parliamentary rights which he now proposed to resign, and the most adverse to the submissions which he now proposed to make."[See larger version]
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ONE:The next day the debate was resumed. It appeared that the Prince had been hooted at, and a stone, or other missile, flung through the window of the carriage. The Ministerial party endeavoured to raise the occurrence into an attempt on the Prince's life; the Opposition hinted at the expression of public disgust with the tone which Government was assuming towards the distresses of the people, called zealously for stringent reductions of expense, and moved an amendment to that very effect. But the Government had yet much to learn on this head; and Lord Sidmouth announced that the Prince Regent in three days would send down a message on the disaffection of the people. It would have been wise to have added to this measure a recommendation of serious inquiry into the causes of this disaffection, for disaffection towards a Government never exists without a cause; but the Government had carried on matters so easily whilst they had nothing to do but to vote large sums of money for foreign war that they had grown callous, and had been so much in co-operation with arbitrary monarchs that they had acquired too much of the same spirit; and they now set about to put down the people of England as they, by means of the people of England, had put down Buonaparte. It was their plan to create alarm, and under the influence of that alarm to pass severe measures for the crippling of the Constitution and the suppression of all complaints of political evil.

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THREE:Pampeluna and San Sebastian being invested, Lord Wellington proceeded with his main army to occupy the passes of the Pyrenees. These, Wellington, in his dispatches, says amounted to about seventy, and, in the service of securing these, he complains that he was left very much without the necessary supplies for his army. The British Government had, from some causehe supposed to send them against the Americansreduced the number of convoys, and many of our store-ships were taken by the French frigates and privateers. It was, as much as ever, in vain to expect the Spaniards to do anything to supply the deficiency, after all that the English had done for them. As fast as they got rid of the French, they busied themselves in making war on the clergy and putting them down. Wellington was, therefore, continually obliged to arrest his marches to wait for provisions. Notwithstanding, by the 7th of July he had driven Joseph Buonaparte through the mountains into France, chased Clausel beyond Tudela on the Ebro, and taken his post on the very edge of France. Buonaparte, alarmed at the progress of Wellington, displaced Jourdan as incapable, and sent back Soult to do what neither he, nor Ney, nor Marmont, nor Massena had been able to do before they were necessarily displacedthat is, arrest the onward march of Wellington into France.

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THREE:Meanwhile Lord Howe had been on the look-out some time for the French fleet, which, it was understood, was about to leave Brest, in order to meet a convoy of merchant ships from the West Indies, and aid it in bringing that trade fleet into port. On reaching Brest, however, he discovered that the French fleet had sailed, and it was not till the 28th of May that he caught sight of it out at sea, opposite the coast of Brittany. The French fleet, commanded by Admiral Villaret Joyeuse, was greatly superior to Howe's in ships, number of seamen, and weight of metal. Howe had twenty-five sail of the line and five frigates, carrying two thousand and ninety-eight guns, in weight of metal twenty-one thousand five hundred and nineteen pounds, and sixteen thousand six hundred and forty-seven men. Joyeuse, now joined by Admiral Neilly, had twenty-six line-of-battle ships and smaller vessels, carrying two thousand one hundred and fifty-eight guns, in weight of metal twenty-five thousand five hundred and twenty-one pounds, and nineteen thousand eight hundred and twenty-eight men. After some skirmishing, on the 1st of June"the glorious first"Howe came to close quarters with the enemy, who was compelled to fight by the presence of the Conventional Commissioner Bon St. Andr. He ordered his fleet to follow his ship, the Charlotte, in cutting right through the enemy's line. Only five ships, however, accomplished this so as to engage the French to the leeward, and prevent them from escaping. Howe afterwards complained that some of his captains had not obeyed his orders, and threatened them with a court-martial; but some replied that their ships were in such bad sailing condition that they could not effect this movement, and others that they did not understand the signal. Thus, five vessels fighting to the leeward, and the rest to the windward, the battle raged furiously from nine in the morning till three in the afternoon, when the French admiral sheered off for Brest, leaving behind seven of his finest vessels in the hands of the British. The British lost in the action two hundred and seventy-nine men, and had eight hundred and seventy-seven wounded. The French lost in six of the captured ships alone six hundred and ninety men, and had five hundred and eighty wounded. The seventh, the Vengeur, went down almost as soon as the British flag was hoisted on her, with, it is supposed, three hundred men in her. Altogether, it is likely that the French did not lose less than fifteen hundred men, besides wounded, and two thousand three hundred prisoners. The British lost a number of officers, who were either killed in the battle or died afterwards of their injuries Amongst these were Sir Andrew Douglas, second captain of Howe's own ship; Captains Montagu of the Montagu, Hutt of the Queen, and Harvey of the Brunswick; Rear-Admirals Pasley of the Bellerophon, and Bowyer of the Barfleur. Admiral Graves and Captain Berkeley were severely wounded. Howe made every effort to pursue and bring the French admiral again to action; but, owing to the bad sailing qualities of English ships at that time, and the shattered state of many of them, he could not overtake Villaret, who made the best of his way to Brest. During the remainder of the year there were various engagements between small squadrons in different quarters, in which the advantage generally remained with the British, besides the training thus afforded to the officers and sailors for the mighty victories which awaited them. Our Relations with ScindeOccupation of the CountryNapier in ScindeEllenborough's InstructionsA New TreatyCapture of Emaum-GhurThe Treaty signedAttack on the ResidencyBattle of MeeaneeDefeat of Shere MahommedSubjugation of ScindeNapier's Government of the ProvincePosition of the SikhsDisorders in GwaliorBattle of MaharajporeSettlement of GwaliorRecall of Lord EllenboroughSir Henry HardingePower of the SikhsDisorders on the Death of Runjeet SinghThe Sikhs cross the SutlejBattle of MoodkeeBattle of FerozeshahThe Victory wonBattle of AliwalBattle of SobraonTerms of PeaceAdministration of the LawrencesMurder of Vans Agnew and AndersonRenewal of the WarBattles of Chillianwallah and of GoojeratCapture of MooltanAnnexation of the Punjab.

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THREE:One great cause of this progress was the growth of our colonies. They began now to demand a considerable quantity of our manufactures and other articles of domestic comfort and convenience, and to supply us with a number of items of raw material. Towards the end of the reign of George I. our American colonies, besides the number of convicts that we sent thither, especially to Virginia and Maryland, attracted[165] a considerable emigration of free persons, particularly to Pennsylvania, in consequence of the freedom of its constitution as founded by Penn, and the freedom for the exercise of religion.DEFEAT OF GENERAL BRADDOCK IN THE INDIAN AMBUSH. (See p. 119.)

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ONE:It met on the 29th of November. The king, in his speech, alluded to the determined resistance to the imperial authority of the American colonists, and pre-eminently of those of Massachusetts Bay. He called upon Parliament to support him in his endeavours to restore order. There was strong opposition to the addresses in both Houses, demands being made for a full production of all papers and correspondence on this great subject, but the battle did not begin until January, 1775, when Chatham moved the repeal of the legislation of the previous year, and the withdrawal of the troops from Boston.Great exertions had been made to draw Prussia into the confederation that was forming, and on the 25th of May, 1804, a defensive alliance had been concluded between Prussia and Russia. But the King of Prussia was, at the same time, listening to the offers of Buonaparte, who was encouraging him to expect the annexation of Hanover, and also further territory at the cost of Austria. In these circumstances, Prussia kept a dubious position, but continued to strengthen her armies for an emergency, holding herself ready to close with the best offer. Austria herself was afraid of another war with Buonaparte, and strongly urged that negotiations should be opened with him before proceeding to extremities. However, she too concluded a treaty with Russia in November. It was Pitt's object to draw these threads together. Fortunately the Czar sent his Minister, Nowosiltzoff, to England in 1805, and he readily fell in with Pitt's ideas. Accordingly, on the 11th of April the Treaty of St. Petersburg was signed on the basis of the maintenance of the Treaties of Lunville and Amiens. The great coalition was thus practically complete, when news arrived that Buonaparte had annexed Genoa to France. This was a most gross violation of the Treaty of Lunville. But the annexation of Genoa was but a small part of the aggressions of Buonaparte on Italy. On the very same journey he made himself King of Italy. On Sunday, the 26th of May, he was crowned in the cathedral of Milan. The Archbishop of Milan performed the ceremony, blessing the old iron crown of the ancient kings of Lombardy, and Buonaparte putting it himself on his head, as he had done that of France. Nor did Napoleon stop here. He wanted a little snug principality for his sister Eliza and her husband, the Corsican Bacciochi, and he turned the Republic of Lucca into such an one, and conferred it upon them.

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THREE:Thus passed the winter of 1821-22. Parliament met on the 5th of February, 1822, for the transaction of business, and was opened by the king. In his Speech from the Throne he expressed regret for the agricultural distress that prevailed in England; and he had the unpleasant task imposed upon him of referring to a state of things in Ireland the reverse of what might have been expected from his conciliation policy"a spirit of outrage" that had led to daring and systematic violations of the law which he submitted to the consideration of Parliament. In the House of Lords the Address was adopted without opposition. In the Commons amendments were proposed by Sir Francis Burdett and Mr. Hume, which were rejected by large majorities. The state of Ireland was the first subject that occupied the attention of the legislature. A salutary change had been effected in the executive of that country. Lord Talbot, the late Viceroy, was a man of narrow and exclusive spirit, wedded to the rgime of Protestant ascendency. But according to a system of counterpoise which had been adopted in the Irish Government, his influence was checked by his Chief Secretary, Mr. Charles Grant, a man of large mind, enlightened principles, and high character. This system tended to keep the rival parties in a state of conflict, and naturally weakened the authority of the Government. A modification in the English Cabinet led to corresponding changes in Ireland. The spirit of discontent among the commercial classes in England induced Lord Liverpool to enter into a compromise with the Grenville-Wynn party, and the Marquis of Buckingham, its chief, was created a duke; Lord Sidmouth retired from the Home Office, and was succeeded by Mr. Peel; the Marquis Wellesley became Lord-Lieutenant of Ireland; while Mr. Plunket, a man of Liberal politics and transcendent abilities, was appointed Irish Attorney-General in the room of Mr. Saurin, the champion of unmitigated Protestant ascendency. The Liberal tendencies of[222] these statesmen were to some extent counteracted by the appointment of Mr. Goulburn, the determined opponent of the Catholic claims, as Chief Secretary. Lord Liverpool, however, defended the appointment on the ground that a man's opinions on the Catholic question should not disqualify him for office in Ireland, "it being understood that the existing laws, whatever they may be, are to be equally administered with respect to all classes of his Majesty's subjects, and that the Roman Catholics are in any case to enjoy their fair share of the privileges and advantages to which they are by law entitled."Sir Arthur determined to give Soult as sharp a chase as he had given Sir John Moore. He wrote to General Beresford to hold Villa Real, if possible, whilst he pressed on the heels of Soult. On the 16th of May he came up with Soult's rear, near Salamonde, defeated the rear-guard, killed and wounded a great number of men, and Sir Arthur wrote that, had they had half an hour's more daylight, he should have taken the whole of his rear-guard. He added: "I shall follow him to-morrow. He has lost everythingcannon, ammunition, baggage, military chestand his retreat is in every respect, even in weather, a pendant for the retreat to Corunna." In truth, had Sir John Moore sent a Nemesis to avenge himself, it could not have executed a more complete retribution. All the horrors of Sir John's retreat, and far worse, were repeated. The French had exasperated the population here, as everywhere, by their reckless cruelties and rapacity, and they surrounded the flying army, and killed every man that they could find straggling, or who was left exhausted on the road. On the other hand, the French tracked their retrograde path with equal fury. "Their route," says Sir Arthur, "could be traced by the smoke of the villages that they set on fire." Sir Arthur, in his dispatches, also says that, during their abode in Portugal, the French had murdered people merely because they did not like their seizure of their country; and that he saw men hanging on trees by the roadside, whom they had executed for no other reason. So the scene of Soult's retreat was now one long picture of Pandemoniumthe whole way strewn with dead men, horses, and mules; a wasted country, and an infuriated peasantry seeking to wreak their vengeance. Sir Arthur stopped his pursuit near the frontiers of Spain. He could not overtake Soult, who fled flinging away every impediment, whilst he was compelled to carry his supplies and artillery along with him. Besides, the French, since the defeat of the Spaniards at Tudela, had entered Andalusia in great force, where there was no army to oppose them except the ill-equipped one of the proud and unmanageable General Cuesta; and Marshal Victor, who commanded in Estremadura, might readily have made a descent on Lisbon, had Wellesley gone far into Spain. He therefore resolved to return to Oporto, to make necessary inquiries as to the roads into Spain; to improve his commissariat; and then, forming a junction with Cuesta, to[575] advance against Marshal Victor. Whilst at Oporto he had the satisfaction to learn that Frere was superseded by his own brother, Lord Wellesley, as ambassador for Spain, a circumstance of immense importance to the cause.

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THREE:On the 20th of June, when the Bill was in committee of the Peers, the Lord Chancellor urged his objection to the retrospective clause, as unsettling the rights of property. The report being brought up on the 25th, he repeated his objections, and moved that the retrospective clause should be omitted. The motion was negatived. On the 2nd of July, the day fixed for the third reading, his brother, Lord Stowell, made a similar motion, which was also defeated. The Lord Chancellor moved the insertion of a clause for giving validity to deeds, assignments and settlements made by persons having claims on any property affected by the Bill. The Marquis of Lansdowne opposed this clause, which, he said, would give the Bill the effect of declaring children legitimate and yet disinheriting them"of peopling the House of Lords with titled beggars." This clause having been negatived on a division, the Lord Chancellor proposed another to the same effect, with the addition of the words, "for good and valuable consideration." This also was rejected by a majority. This was too much for the temper of Lord Eldon, so long accustomed to have his way in that House. Irritated at being repeatedly thwarted in his efforts, on declaring the numbers he exclaimed with vehemence, "My lords, ten days ago I believed this House possessed the good opinion of the public, as the mediator between them and the laws of the country; if this Bill pass to-night, I hope in God that this House may still have that good opinion ten days hence. But to say the best of this measure, I consider it neither more nor less than a legal robbery, so help me God! I have but a short time to remain with you, but I trust it will be hereafter known that I used every means in my power to prevent its passing into law." Thenceforth the Lord Chancellor became sulky with his colleagues, feeling himself dragged on by their too rapid progress. He was very reluctant to attend their Cabinet meetings, and absented himself whenever he could make any excuse. In reply to a summons from Mr. Peel, the Home Secretary, to attend a meeting on the Alien Act, he answered that he could not possibly attend, adding, "My absence, however, can be of little, and possibly of no consequence." The Session ended on the 6th of August; the Parliament being prorogued by the king in person.

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THREE:The repulse of the French in their attack on Holland, and their repeated defeats in Belgium, which will be mentioned in the next chapter, induced the French Government to make overtures for peace with Britain, but in a secret and most singular way. Instead of an open proposal through some duly-accredited envoy, the proposals came through a Mr. John Salter, a public notary of Poplar. This notary delivered to Lord Grenville two letters from Lebrun the French Foreign Minister, dated the 2nd of April, stating that France was desirous to accommodate its differences with Britain, and, provided the idea was accepted, M. Marat should be sent over with full powers, on passports being duly forwarded. A Mr. John Matthews, of Biggin House, Surrey, attested that these notes were perfectly genuine, and had been signed in the presence of himself and Mr. John Salter. Lord Grenville, suspecting a correspondence coming through so extraordinary a medium, and believing that the design of the French was only to gain time, in order to recover their losses, took no notice of the letters. Moreover, as the Jacobins were then following up their attacks on the Girondists from day to day, he saw no prospect of any permanence of this party in power. In fact, they were expelled by the 2nd of June, and on the 22nd of that month Lebrun was in flight to avoid arrest. Marat arrived, but held no communications with Grenville, and very shortly returned to France. Soon afterwards came indirect overtures through Dumouriez to our ambassador, Lord Auckland, but they were too late. War had been declared.Congress, alarmed at the progress of the English in South Carolina, had made extraordinary efforts to reinforce the Republican party in North Carolina. On the fall of Charleston, General Gates, who had acquired a high but spurious reputation upon the surrender of Burgoyne, was sent to take the chief command. In marching towards South Carolina, the American army suffered severely from the tropical heat of the climate and the scarcity of food. Gates led them through a country of alternating swamps and sandy deserts, called by the Americans pine-barrens. The troops lived chiefly on the lean cattle which they found scattered through the woods, on green Indian corn, and peaches, which were plentiful, being indigenous to the State of Louisiana. Lord Rawdon, who was lying at Camden, where he had halted his men to protect them from the heat, was joined there by Lord Cornwallis early in August. The entire force when united did not, however, exceed two thousand men, whilst the troops of Gates amounted to six thousand. The British general, notwithstanding, advanced briskly to meet the Americans, and on the evening of the 16th of August the two armies met rather unexpectedly, and some skirmishing took place, after which they halted in position till near daybreak.

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ONE:IRISH PRISONERS LIBERATED DURING LORD MULGRAVE'S PROGRESS. (See p. 396.)

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FORE:In the face of such facts it was clear that something must be done, even by a Protectionist Ministry, to diminish the effect of the growing belief that bad legislation was at the bottom of the country's difficulties. In the spring men had looked eagerly for the Budget of the new Ministry. It had been bitterly remarked that at the time when Parliament was prorogued there were nearly 21,000 persons in Leeds whose average earnings were only 11-3/4 d. per weekthat in one district in Manchester alone a gentleman had visited 258 families, consisting of 1,029 individuals, whose average earnings were only 7? d. per head a week; and that while millions were in this deplorable condition, the duty on wheat stood at 24s. 8d. a quarter, and Sir Robert Peel and his colleagues demanded four months' leisure at their country abodes before they would permit the Legislature to take the distress of the people into consideration. At length came the meeting of Parliament, at which the Queen in person read the Speech prepared by her Ministers. It acknowledged with deep regret "the continued distress in the manufacturing districts," and that the sufferings and privations which had resulted from it had been "borne with exemplary patience and forbearance." Finally, her Majesty recommended to the consideration of both Houses "the laws which affect the import of corn and other articles." What was the intention of the Ministers was not then known; but it was already understood that, unlike their rivals, who had proposed a fixed duty, the new Government would attempt some modification of the sliding scale. In the account of these transactions which Sir Robert Peel left to be published by his executors after his death, he says:"One of the first acts of the Government over which I presided (the Government of August, 1841) was to propose a material change in the Corn Law of 1828. I brought the subject under the consideration of my colleagues by means of written memoranda, in preference to proposals made verbally. In the first of these memoranda I recommended my colleagues to undertake the revision of the Corn Laws of 1828, as an act of the Government. In the second, after I had procured their assent to the principle of revision, I submitted a proposal in respect to the extent to which such revision should be carried, and to the details of the new law." Then were seen the first symptoms of that estrangement from his party which reached its climax in 1846. Glaring as was the necessity for change, and evident as it was, even to the body of the landowners, that they must choose between the mild reform of Peel and the more objectionable measure of his antagonists, there were members of the Cabinet who would still have held out for no concession. The Duke of Buckingham retired from the Ministry, and the Duke of Richmond refused to allow his son to move the Address.

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FORE:All these causes of unpopularity were rendered more effective by the powerful political party which now assailed him. Pitt led the way, and the Dukes of Devonshire, Bolton, and Portland, the Marquis of Rockingham, the Earls of Temple, Cornwallis, Albemarle, Ashburton, Hardwicke, and Bessborough, Lords Spencer, Sondes, Grantham, and Villiers, James Grenville, Sir George Savile, and other Whigs, presented a formidable phalanx of opponents in both Houses. The measures, too, which he was obliged to bring forward, were certain to augment his discredit. The funded debt had grown to upwards of a hundred millions, and there were three millions and a half besides unfunded. It was necessary to raise a new loan, and, moreover, to raise a new tax, for the income was unequal to the expenditure, even in time of peace. The Chancellor of the Exchequer, Dashwood, was not a man likely to make these new burdens go down easily. He issued the new loan to the public with so little advertisement, that the friends of the Ministers secured the greater part of the shares, and they soon rose to eleven per cent. premium, by which they were enabled, at the public cost, to make heavy sums. The tax which Sir Francis proposed was one on cider and perry, besides some additional duties on wines. There was at once an outcry in the City against this tax, led on by the Lord Mayor, Alderman Beckford, a great friend of Pitt. The cry was only too sure to find a loud echo from the cider-growing districts. Bute and his Chancellor were quickly compelled to reduce the proposed impost from ten shillings a hogshead, to be paid by the buyer, that is, by the merchant, to four shillings, to be paid by the grower. The tax thus cut down was calculated to produce only seventy-five thousand poundsa sum for which it was scarcely worth while to incur so much odium.

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FORE:Some of the most eminent land-owners were clear-sighted and disinterested enough to oppose these views with all their power. The Dukes of Buckinghamshire and Devonshire, the Lords Carlisle, Spencer, Grey, Grenville, Wellesley, and many members of the Commons, voted and protested energetically against them; and the additional restrictions were not carried. But enough had been done to originate the most frightful[120] sufferings and convulsions. We shall see these agitations every remaining year of this reign. The Prince Regent, in his opening speech, in 1816, declared "manufactures and commerce to be in a flourishing condition." But Mr. Brougham at once exposed this fallacy. He admitted that there had been an active manufacturing and an unusual amount of exportation in expectation of the ports of the world being thrown open by the peace; but he declared that the people of the Continent were too much exhausted by the war to be able to purchase, and that the bulk of these exported goods would have to be sold at a ruinous reductionat almost nominal prices; and then would immediately follow a stoppage of mills, a vast population thrown out of employment, and bread and all provisions made exorbitantly dear when there was the least power to purchase. All this was speedily realised. British goods were soon selling in Holland and the north of Europe for less than their cost price in London and Manchester. Abundant harvests defeated in some degree the expectations of the agriculturists, and thus both farmers and manufacturers were ruined together; for, the check being given to commerce, the manufacturing population could purchase at no price, and, in spite of the harvest, the price of wheat was still one hundred and three shillings per quarter. Many farmers, as well as manufacturers, failed; country banks were broken, and paper-money was reduced in value twenty-five per cent.; and a circumstance greatly augmenting the public distress was the reduction of its issues by the Bank of England from thirty-one millions to twenty-six millions.

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Again, on the 22nd of March, Burke made another earnest effort to induce the infatuated Ministers and their adherents in Parliament to listen to reason. In one of the finest speeches that he ever made, he introduced a series of thirteen resolutions, which went to abolish the obnoxious Acts of Parliament, and admit the principle of the colonial Assemblies exercising the power of taxation. In the course of his speech he drew a striking picture of the rapid growth and the inevitable future importance of these colonies. He reminded the House that the people of New England and other colonies had quitted Great Britain because they would not submit to arbitrary measures; that in America they had cultivated this extreme independence of character, both in their religion and their daily life; that almost[216] every man there studied law, and that nearly as many copies of Blackstone's "Commentaries" had been sold there as in England; that they were the Protestants of Protestants, the Dissenters of Dissenters; that the Church of England there was a mere sect; that the foreigners who had settled there, disgusted with tyranny at home, had adopted the extremest principles of liberty flourishing there; that all men there were accustomed to discuss the principles of law and government, and that almost every man sent to the Congress was a lawyer; that the very existence of slavery in the southern States made white inhabitants hate slavery the more in their own persons. "You cannot," he said, "content such men at such a distanceNature fights against you. Who are you that you should fret, rage, and bite the chains of Nature? Nothing worse happens to you than does to all nations who have extensive empires. In all such extended empires authority grows feeble at the extremities. The Turk and the Spaniard find it so, and are compelled to comply with this condition of Nature, and derive vigour in the centre from the relaxation of authority on the borders." His resolutions were negatived by large majorities.
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