THREE:During this year the Americans continued to hope for relief to themselves from the progress of the Armed Neutrality, but derived little good from it, though, through their exertions, they beheld Holland added to the open enemies of England. The Dutch Government, flattering themselves that, with nearly all the world against her, England must succumb, had long been secretly in negotiation with the insurgent subjects of England, and their treachery was now suddenly, by a singular circumstance, brought to light. Captain Keppel, cruising in the Vestal frigate off the banks of Newfoundland, in the month of September, captured one of the American packets. On the approach of the British boats to the packet, it was observed that something was hastily flung overboard. A sailor leaped from one of the boats into the sea, and succeeded in securing this something before it had sunk beyond reach. It turned out to be a box, which had been weighted with lead, but not sufficiently to render it so rapid in its descent as to prevent its seizure by the British tar. On being opened, it revealed a mass of papers belonging to an American emissary to the Court of Holland, and opened up a long course of negotiations, and an eventual treaty of peace and commerce between Holland and our American colonies. The bearer of these papers was discovered on board the packet, in the person of Henry Laurens, late president of the American Congress. These most important papers, together with their bearer, were sent with all speed to England. Copies were forwarded to Sir Joseph Yorke, our Ambassador at the Hague, who was instructed to demand from the States General the disavowal of the negotiations. The States General, confounded by the discovery of their clandestine negotiations, remained silent for a week, and then only replied by advancing complaints of violence committed by the British navy on their traders, and of its having insulted the Dutch flag by seizing some American privateers in the port of the island of St. Martin, under the very guns of the fort. Sir Joseph did not allow himself to be diverted from his demand, but again, on the 12th of December, a month after the presentation of his memorial, demanded an answer. No answer was returned. England was thus compelled to declare war against Holland on the 20th of December, Sir Joseph Yorke being recalled by the king, and Count Welderen receiving his passports in London.Much inconvenience and misery were caused during the year by the trades unions and their strikes. In several places the workmen combined in order to enforce a rise of wages, and a more equitable distribution of the profits derived from their labour. The striking commenced on the 8th of March, when the men employed by the London gas companies demanded that their wages should be increased from twenty-eight shillings to thirty-five shillings a week, with two pots of porter daily for each man. On the refusal of this demand they all stopped working; but before much inconvenience could be experienced their places were supplied by workmen from the country. On the 17th of March an event occurred which caused general and violent excitement among the working classes. At the Dorchester Assizes six agricultural labourers were tried and convicted for being members of an illegal society, and administering illegal oaths, the persons initiated being admitted blindfold into a room where there was the picture of a skeleton and a skull. They were sentenced to transportation for seven years. Their case excited the greatest sympathy among the working population throughout the kingdom. In London, Birmingham, and several other large manufacturing towns immense meetings were held to petition the king in favour of the convicts. In the midst of this excitement the manufacturers of Leeds declared their determination not to employ any persons in their factories who were members of trades unions. The consequence was that in that town three thousand workmen struck in one day. On the 15th of April there was a riot at Oldham, where, in consequence of the[369] arrest of two members of a trade union, a factory was nearly destroyed, and one person killed, the mob having been dispersed by a troop of lancers. Several of the rioters were arrested and sentenced to terms of imprisonment varying from six to eighteen months. On the 21st of April a meeting of the trades unions took place at Copenhagen Fields, to adopt a petition to the Home Secretary praying for a remission of the sentence on the Dorchester convicts. They marched to the Home Office through the leading thoroughfares, numbering about 25,000, in order to back up their deputation, which, however, Lord Melbourne refused to receive, though he intimated to them that their petition should be laid before the king if presented in a proper manner. The multitude then went in procession to Kennington Common. On the 28th 13,000 London journeymen tailors struck for higher wages. The masters, instead of yielding, resolved not to employ any persons connected with trades unions, and after a few weeks the men submitted and returned to their work.
FORE:The winter of 1836-7 was marked by great commercial activity, and a strong tendency to over-trading, chiefly on the part of the banks. The result was a reaction, and considerable monetary embarrassment. In the reckless spirit of enterprise which led to these consequences, the American houses took the lead. The American speculators indulged an inordinate thirst for gain by land jobs, and over-trading in British produce. The most remarkable examples of this were afforded by three great American houses in London, called "the three W.'s." From an account of these firms, published in June, 1837, it appeared that the amount of bills payable by them from June to December, was as follows: Wilson and Co.,[411] 936,300; Wigan and Co., 674,700; Wildes and Co., 505,000; total acceptances, 2,116,000. This was upwards of one-sixth of the aggregate circulation of the private and joint-stock banks of England and Wales, and about one-eighth of the average circulation of the Bank of England. The shipments to America by Wigan and Co. amounted to 1,118,900. The number of joint-stock banks that started into existence at this time was remarkable. From 1825 to 1833 only thirty joint-stock banks had been established. In that year the Charter of the Bank of England being renewed, without many of the exclusive privileges it formerly enjoyed, and the spirit of commercial enterprise being active, joint-stock banks began to increase rapidly. There was an average of ten new companies annually, till 1836, when forty-five of these establishments came into existence in the course of ten months. In Ireland there were ten started in the course of two years. The consequence of this greatly increased banking accommodation produced a wild spirit of commercial adventure, which collapsed first in America, where the monetary confusion was unexampledbankers, importers, merchants, traders, and the Government having been all flung into a chaos of bankruptcy and insolvency. This state of things in America had an immediate effect in England. Discounts were abruptly refused to the largest and hitherto most respectable houses of Liverpool and London. Trade, in consequence, became paralysed; prices suddenly dropped from thirty to forty per cent.; and the numerous share bubblesthe railway projects, the insurance companies, the distillery companies, the cemetery companies, the sperm oil, the cotton twist, zoological gardens, and other speculationswhich had floated on the pecuniary tide, all suddenly collapsed, and there was an end to the career of unprincipled adventurers. It is satisfactory, however, to observe that the sound commerce of the country soon recovered the shock thus given; and in less than two years the pecuniary difficulties had passed away. Commerce had resumed its wonted activity, and flowed steadily in legitimate channels. The American banks resumed payment, and the three great American houses, which had involved themselves to such an enormous extent, were enabled to meet all their liabilities.
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FORE:After these transactions there could no longer remain even the name of peace between France and England. Mr. Thompson, the British Resident at Paris, made the most indignant complaints of the hostile proceedings of the French fleets and of the encouragement of the Young Pretender. The reply to this was a formal declaration of war, couched in the most offensive terms, in the month of March, to which George replied in a counter-declaration equally strong.THE FRENCH REVOLUTION: COSTUME OF 1790.
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FORE:
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