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The unnatural state of things induced by the war had now brought about a great change in our currency. As we could manage to get in our goods to the Continent by one opening or another, but could not get the produce of the Continent in return, it would have appeared that we must be paid in cash, and that the balance of specie must be in our favour; but this was not the case. By our enormous payments to our troops in Spain, Portugal, and Sicily, as well as in the East and West Indies, and by our heavy subsidies, gold had flowed out of the country so steadily that there appeared very little left in it, and bank paper had taken its place. On the Continent, impoverished as they were, the people tenaciously clung to their gold, and Buonaparte alone could draw it from them in taxes. He always took a heavy military chest with him on his expeditions, and his officers also carried the money necessary for themselves in their belts, or otherwise about their immediate persons. The gold being enormously diminished in quantity in England, was carefully hoarded on all hands, thus again increasing the scarcity, and raising the value of it. The price of bullion had risen from twenty to thirty per cent., and here was a further strong temptation to hoard or send guineas to the melting-pot. This state of things led a certain class of political economists to call for a repeal of the Act for suspension of cash payments, and Francis Horner obtained a committee of inquiry into the causes of the decrease of gold and the increase of paper: and this committee came to the conclusion that the true cause of the evil lay in the excess of paper, and that the way to restrain it would be to allow the demand for gold at the Bank. But the truth was that the cause of the evil was not the excess of paper, but the enormous diminution of gold; and to have opened a legal demand for gold which could not be had would only have produced a panic, and a complete and horrible assassination of all credit and all business. But there were clearer-sighted men in Parliament, who declared that, though bullion had risen in price, bank-notes would still procure twenty shillings' worth of goods in the market, and that they were not, therefore, really depreciated in value. That was true, but guineas had, notwithstanding, risen to a value of five- or six-and-twenty shillings, and might be sold for that. Gold had risen, but paper had not fallen; and gold could not take the place of paper, because it did not, to any great extent, exist in the country; if it had, paper must have fallen ruinously. Mr. Vansittart and his party, therefore, moved resolutions that the resumption of cash payments being already provided for six months after the conclusion of peace, was an arrangement which answered all purposes, and ought not to be disturbed; that this would keep all real excess of paper in check, and leave gold to resume its circulation when, by the natural influence of peace, it flowed again into the country. These were, accordingly, carried.[230]
ONE:Towards the end of William IV.'s reign the style of ladies' dress suddenly changed. The unshapely short-waisted robe was succeeded by one of ampler dimensions, longer and fuller, with a moderate amount of crinolineenough to give dignity and grace to the figure, but not expanding to the same absurd extent as afterwardsand long pointed stomachers. The bonnets were considerably reduced in size. The ball dresses at the beginning of the Victorian reign became more like those of a later day, except that they were then made of heavy, rich materialssilk, satin, brocade, etc. The style of the sleeve varied, but one of the fashions at this time was a puffing at the shoulder, and sloping gradually down, commonly called the "leg-of-mutton sleeve." The cloaks were large and full, enveloping the whole figure, and reaching almost to the ground.
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FORE:On the 1st of March Sir Francis Burdett presented a Catholic petition, and in a speech of great eloquence and force moved for the appointment of a committee to inquire into the grievances of which it complained. The question thus brought before the House of Commons was one on which the Cabinet was divided. Canning had come down to the House from a sick bed, and on a crutch, to give his support to the motion. Plunket delivered one of his most powerful speeches on the same side. Peel took upon himself the heavy task of replying to both. He was supported by Mr. Leslie Foster. Brougham closed the debate; and the motion was carried by a majority of thirteen, amid loud cheers. Resolutions were adopted, and a Bill founded upon them passed the Commons, but it was lost in the Upper House, where it was thrown out, on the 19th of May, by a majority of sixty-five. It was on that occasion that the Duke of York, then heir presumptive to the Throne, made the celebrated declaration against all concession to the Catholics, which excited against him intense animosity in Ireland. At the conclusion of a vehement speech he said:"If I have expressed myself warmly, especially in the latter part of what I have said, I must appeal to your lordships' generosity. I feel the subject most forcibly; but it affects me the more deeply when I recollect that to its agitation must be ascribed that severe illness and[252] ten years of misery which had clouded the existence of my beloved father. I shall therefore conclude with assuring your lordships that I have uttered my honest and conscientious sentiments, founded upon principles I have imbibed from my earliest youth, to the justice of which I have subscribed after careful consideration in maturer years; and these are the principles to which I will adhere, and which I will maintain, and that up to the latest moment of my existence, whatever may be my situation of life, so help me God!"
FORE:But, undiscouraged, Lord Wellington ordered General Hill, who had already crossed the Tagus, to hasten onward, and he then carefully fell back, and took his position on the grim and naked ridges of Busaco, a sierra extending from Mondego to the northward. Behind this range of hills lay Coimbra, and three roads led through the defiles to that city. These, and several lesser ravines used[604] by the shepherds and muleteers, he thoroughly fortified; and, posting himself on these difficult heights, he calmly awaited the advance of Massena. The ascents by which the French must reach them were precipitous and exposed; and on the summit, in the centre of the range, Wellington took up his headquarters at a Carmelite convent, whence he could survey the whole scene, having upwards of thirty thousand men disposed along these frowning eminences.
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FORE:In all these transactions Carteret showed the most facile disposition to gratify all the Hanoverian tendencies of the king, in order to ingratiate himself and secure the Premiership at home. But in this he did not succeed; he was much trusted by George in foreign affairs, and in them he remained. Lord Wilmington, Prime Minister, had died two months before the signing of the treaty at Worms, and the competitors for his office were Pelham, brother of the Duke of Newcastle, and Pulteney. Pelham was supported by Newcastle, Lord Chancellor Hardwicke, and still more powerfully by the old Minister under whom he had been trainedLord Orford, who, though out of office, was consulted in everything relating to it. Pulteney and Pelham had both, according to their friends, neglected the necessary steps for succeeding Wilmington. Pulteney had declined any office, vainly hoping that his great popularity would enable him to guide public affairs. His friends reminded him that had he taken the Treasury on Walpole's resignation, he would now have been still at the helm. Pelham's great adviser, Lord Orford, said to him, "If you had taken my advice, and held the Exchequer under Wilmington, the whole had dropped into your mouth." Pelham, however, received the appointment from the king, and this was communicated in a letter from Carteret, who candidly told him that, as the old friend and colleague of Pulteney, Lord Bath, he had done all in his power to secure the office for him, but now he would support Pelham cordially, notwithstanding. Pelham was at this period forty-seven years of age, of far inferior talent to Orford, but pursued his cautious principles and acted under his advice.
MARSHAL LANNES AT RATISBON. (See p. 587.)On the 6th of January there landed at Greenwich an illustrious visitor to the Court on an unwelcome errandnamely, Prince Eugene. The Allies, justly alarmed at the Ministerial revolution which had taken place in England, and at the obvious design of the Tories to render abortive all the efforts of the Whigs and the Allies through the war, from mere party envy and malice, sent over Eugene to convince the queen and the Government of the fatal consequences of such policy. Harley paid obsequious court to the prince as long as he hoped to win him over. He gave a magnificent dinner in his honour, and declared that he looked on that day as the happiest of his life, since he had the honour to see in his house the greatest captain of the age. The prince, who felt that this was a mean blow at Marlborough, replied with a polite but cutting sarcasm, which must have sunk deep in the bosom of the Lord Treasurer, "My lord, if I am the greatest captain of the age, I owe it to your lordship." That was to say, because he had deprived the really greatest captain of his command. The queen, though she was compelled to treat Eugene graciously, and to order the preparation of costly gifts to him as the representative of the Allies, regarded him as a most unwelcome guest, and in her private circle took no pains to conceal it. The whole Tory party soon found that he was not a man to be seduced from his integrity, or brought to acquiesce in a course of policy which he felt and knew to be most disgraceful and disastrous to the peace of Europe; and being fully convinced of this, they let loose on the illustrious stranger all the virulence of the press. Eugene returned to the Continent, his mission being unaccomplished, on the 13th of March.SOMERSET HOUSE, LONDON (RIVER FRONT).LONDON BRIDGE IN 1760.These vexatious proceedings, including a great number of debates and divisions, led to the passing of an Act for more clearly defining the privileges of the House of Commons, which had made itself unpopular by its course of proceeding towards the sheriffs, who had only discharged duties which they could not have evaded without exposing themselves to the process of attachment. On the 5th of March, accordingly, Lord John Russell moved for leave to bring in a Bill relative to the publication of Parliamentary papers. He said, in the course of his speech, that at all periods of our history, whatever might have been the subjectwhether it regarded the privileges of Parliament or the rights of the Crown or any of the constituted authoritieswhenever any great public difficulty had arisen, the Parliament in its collective sense, meaning the Crown, Lords, and Commons, had been called in to solve those difficulties. With regard to the measure he was about to propose, he would take care to state in the preamble of the Bill that the privilege of the House was known only by interpretation of the House itself. He proposed that publications authorised by either House of Parliament should be protected, and should not be liable to prosecution in any court of common law. Leave was given to introduce the Bill by a majority of 149, in spite of the opposition of the Solicitor-General, Sir Thomas Wilde; the House went into committee on the Bill on the 13th of March, and it passed the third reading on the 20th of the same month. It was read a second time in the Lords on the 6th of April; and the Royal Assent was given to it by commission on the 14th of the same month.
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