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THE CORONATION OF QUEEN VICTORIA. (After the Picture by Sir George Hayter.)On the 20th of March Sir Henry Hardinge brought forward the Ministerial plan for the settlement of the tithe question. It was proposed that in future tithes should be recoverable only from the head landlord, and that the owner should be entitled to recover only 75 per cent. of the amount, 25 per cent. being allowed for the cost of collection and the risk and liability which the landlord assumed. He might redeem it, if he wished, at twenty years' purchase, calculated upon[383] the diminished rate. The purchase-money was to be invested in land or otherwise for the benefit of the rectors and other tithe-owners. The arrears of 1834 were to be paid out of the residue of the million advanced from the Consolidated Fund, and the repayments of the clergy for the loans they had received were to be remitted. There was a good deal of discussion on this plan, Lord John Russell contending that it was the same in substance as the one brought forward last Session by the late Government. There was, however, some difference between the two measures. In the former, the landlords were to get two-fifths, or 40, out of every 100, securing to the clergy 77? per cent., and involving an annual charge of 17? per cent. on the Consolidated Fund. This was the shape the measure had assumed as the result of amendments carried in committee. The Ministerial resolution was carried by a majority of 213 to 198. このページの先頭です
ONE:On the 23rd Moore was obliged to halt for the coming of his supplies; and whilst doing so, he received the intelligence that no fewer than seventy thousand men were in full march after him, or taking a route so as to cut off his rear at Benevento, and that Buonaparte himself headed this latter division. There was no further thought of advancing, but of retreat, before the army was completely surrounded. By the 26th the whole army was beyond Astorga, but the French were now close behind them. Buonaparte, indeed, hoped to have rushed on by the Guadarama, and to have cut off his retreat at Tordesillas, but he was twelve hours too late. On the last day of December, 1808, Buonaparte was pressing close on the British rear in the vicinity of Astorga, and thus closed the year on the fortunes of the Spaniards and their British Allies. The boastful Spanish armies, too proud to think at first that they needed assistance, too unskilful, when they did see the need of it, to co-operate with it, and who had afforded nothing but indifference and false intelligence to their benefactors, were dispersed like so many clouds, and their Allies were flying from an overwhelming foe.
ONE:The mechanical invention, however, destined to produce the most extraordinary revolution in social life was that of railways, which during this reign were progressing towards the point where, combined with the steam-engine, they were to burst forth into an activity and strength astonishing to the whole world. Tram-roadsthat is, roads with lines of smooth timber for the wheels of waggons to run uponhad been in use in the Newcastle collieries for a century before. In 1767, at the Coalbrook Dale Iron Works, iron plates were substituted for wood, and by this simple scheme one horse could, with ease, draw as much as ten on an ordinary road. In 1776 iron flanges, or upright edges, were used at the collieries of the Duke of Norfolk, near Sheffield, and after this time they became common at all collieries, both above and below ground. In 1801 an iron railway, by a joint-stock company, was opened from Wandsworth to Croydon. Three years before iron railways had been introduced to convey the slates from Lord Penrhyn's quarries, in Carnarvonshire, to the Menai Strait for shipment, and they were attached to canals for the conveyance of goods to and from them. At the end of this reign there were two hundred and twenty-five miles of iron railroads in the neighbourhood of Newcastle-on-Tyne, and upwards of three hundred miles in the single county of Glamorgan.In fact the Ministry remained deplorably weak, despite the numerous changes in the Cabinet. The Marquis of Normanby, who had been a failure at the Home Office, changed places with Lord John Russell, who went to the Colonial Office. Mr. Francis Baring was made Chancellor of the Exchequer in the place of the most incompetent financier of modern times, Mr. Spring-Rice, who was raised to the peerage by the title of Baron Monteagle, and soon afterwards appointed Comptroller of the Exchequer, with a salary of 2,000 a year; Sir John Newport having retired from that post on a pension. The Earl of Clarendon became Lord Privy Seal, and Mr. Macaulay Secretary at War, with a seat in the Cabinet in the room of Viscount Howick, who had quitted the Administration because he had disapproved of the political import of the changes, taken altogether, and they were unalterably fixed without seeking his concurrence. Mr. Charles Wood, the brother-in-law of Lord Howick, also resigned shortly afterwards, and Sir Charles Grey was refused promotion.
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THREE:The distress which had pressed so severely on the people, and which had set them thinking about the most perilous political changes, was intimately connected with the state of the country. Throughout the troubled period of almost incessant war and lavish expenditure between 1797 and 1815, the business of the nation was carried on with an inconvertible paper currency, the precious metals having nearly all departed from the country. Bank notes were issued in such quantities, to meet the exigencies of the Government, that the prices of all commodities were nearly doubled. The Bill which was passed in 1819 providing for the resumption of cash payments had reduced the currency from 48,278,070, which was its amount in 1819, to 26,588,000, in 1822. The consequence was the reduction of prices in the meantime, at the rate of fifty per cent., in all the articles of production and commerce. With this tremendous fall of prices, the amount of liabilities remained unchanged; rents, taxes, and encumbrances were to be paid according to the letter of the contract, while the produce and commoditiesthe sale of which was relied upon to pay themdid not produce more than half the amount that they would have brought at the time of the contracts. The evil of this sudden change was aggravated by the South American Revolution, in consequence of which the annual supply of the precious metals was reduced to a third of its former amount. It was peculiarly unfortunate that this stoppage in the supply of gold and silver occurred at the very time that the Legislature had adopted the principle that paper currency should be regarded as strictly representing gold, and should be at any moment convertible into sovereigns. A paper currency should never be allowed[238] to exceed the available property which it represents, but it is not necessary that its equivalent in gold should be lying idle in the coffers of the Bank, ready to be paid out at any moment the public should be seized with a foolish panic. It is enough that the credit of the State should be pledged for the value of the notes, and that credit should not be strained beyond the resources at its command. The close of 1822 formed the turning-point in the industrial condition of the country. The extreme cheapness of provisions, after three years of comparative privation, enabled those engaged in manufacturing pursuits to purchase many commodities which they had hitherto not been able to afford. This caused a gradual revival of trade, which was greatly stimulated by the opening of new markets for our goods, especially in South America, to which our exports were nearly trebled in value between 1818 and 1823, when the independence of the South American Republics had been established. The confidence of the commercial world was reassured by the conviction that South America would prove an unfailing Dorado for the supply of the precious metals. The bankers, therefore, became more accommodating; the spirit of enterprise again took possession of the national mind, and there was a general expansion of industry by means of a freer use of capital, which gave employment and contentment to the people. This effect was materially promoted by the Small Note Bill which was passed in July, 1822, extending for ten years longer the period during which small notes were to be issued; its termination having been fixed by Peel's Bill for 1823. The average of bank-notes in circulation in 1822 was 17,862,890. In November of the following year it had increased by nearly two millions. The effect of this extension of the small note circulation upon prices was remarkable. Wheat rose from 38s. to 52s., and in 1824 it mounted up to 64s. In the meantime the bullion in the Bank of England increased so much that whereas in 1819 it had been only 3,595,360, in January, 1824, it amounted to 14,200,000. The effect of all these causes combined was the commencement of a reign of national prosperity, which burst upon the country like a brilliant morning sun, chasing away the chilling fogs of despondency, and dissipating the gloom in the popular mind.
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THREE:In Lancashire and Cheshire the principal roads were paved; but as there grew a necessity for more rapid transit of mails and stage-coaches, we find, from a tour by Adam Walker to the Lakes in 1792, that a better system had been introduced; the paved roads were in many places pulled up, and the stones broken small; and he describes the roads generally as good, or wonderfully improved since the "Tours" of Arthur Young. Except in the county of Derby, the highways were excellent, and broken stones were laid by the roadsides ready for repairs.
Parliament was suddenly dissolved by the All the Talents Ministry, in the hope of acquiring a better majority, but this hope was not brilliantly realised. The new Parliament assembled on the 19th of December, and, as all now saw that war must go on, both Houses prepared themselves for large votes of supply. According to Windham's statement, we had 125,631 regulars in the army, of whom 79,158 were employed in defending our West India Islands, 25,000 in India, and upwards of 21,000 foreigners in our pay. Besides this, for home defence we had 94,000 militia and fencibles, and 200,000 volunteers; so that altogether we had 419,000 men under arms. It was, therefore, contended, and with reason, that as we had so deeply engaged ourselves in fighting for our Allies on the Continent, with such a force we might have sent 20,000, with good effect, to unite with Alexander of Russia against Buonaparte, and not have let him be repulsed for want of both men and money. This, indeed, was the disgrace of All the Talents, that they put the country to the expense of an enormous war establishment, and did no real service with it. The supplies, however, were freely voted. There were granted, for the navy, 17,400,337; for the regular army, 11,305,387; for militia, fencibles, volunteers, etc., 4,203,327; ordnance, 3,321,216. The number of sailors, including 32,000 marines, was fixed at 130,000.[474]
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