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The consternation of the city may be imagined. The inhabitants, who had, at first, treated the rumour of the Young Pretender's landing with ridicule, now passed to the extreme of terror. On Sunday night the Highlanders lay between Linlithgow and the city, and on Monday morning Charles sent forward a detachment, which, on coming in sight of the pickets, discharged their pistols. The dragoon pickets did not wait to return the fire, but rode off towards Coltbridge, nearer to Edinburgh, where Gardiner lay with the main body of horse. No sooner, however, did this commander perceive the advancing Highlanders, than he also gave the order to retreat, and the order was so well obeyed, that from a foot's-pace the march quickened into a trot and presently into a gallop, and the inhabitants of Edinburgh saw the whole force going helter-skelter towards Leith, where they drew bit. The valiant troops mounted again, and galloped to Preston, six miles farther, some of them, it was said, not stopping till they reached Dunbar. This "Canter of Coltbridge," as it was called in derision, left the city at the mercy of the Highlanders, except for about six or seven hundred men mustered from the City Guard, the volunteer corps, and some armed gentlemen from Dalkeith and Musselburgh, who took post at the gates.

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The Ministerial statement was anticipated with great interest. It was delivered by the new Premier, on the evening of the 22nd, Brougham presiding as Lord Chancellor. Foremost and most conspicuous in his programme was the question of Parliamentary Reform; next, economy and peace. Having gone in detail through the principles of[325] his policy, and the reforms he proposed to introduce, the noble lord summed up all in the following words:"The principles on which I now stand, and upon which the Administration is prepared to act, arethe amelioration of existing abuses; the promotion of the most rigid economy in every branch of the public expenditure; and lastly, every endeavour that can be made by Government to preserve peace, consistent with the honour and character of the country. Upon these principles I have undertaken an office to which I have neither the affectation nor presumption to state that I am equal. I have arrived at a period of life when retirement is more to be desired than active employment; and I can assure your lordships that I should not have emerged from it had I not foundmay I be permitted to say thus much without incurring the charge of vanity or arrogance?had I not found myself, owing to accidental circumstances, certainly not to any merit of my own, placed in a situation in which, if I had declined the task, I had every reason to believe that any attempt to form a new Government on principles which I could support would have been unsuccessful. Urged by these considerations, being at the same time aware of my own inability, but acting in accordance with my sense of public duty, I have undertaken the Government of the country at the present momentous crisis."ARREST OF SIR FRANCIS BURDETT. (See p. 597.)<024>
ONE:Thus the Cabinet was evidently fast breaking up, when Mr. Littleton introduced his Tithe Bill. Its object was much the same as Mr. Stanley's Act of 1832 for the Compulsory Commutation of Tithe. This last Act had been a failure, and Mr. Littleton was compelled to ask Parliament to grant the sum of 1,000,000 to pay the arrears. He hoped to remedy its defects by reducing the number of people who were liable to tithe, and then, after the 1st of November, to commute the tithe into a land tax, payable to the State, to reduce its amount by one-fifth, and to allow any person having a substantial interest in the estate to redeem the residue of it, after five years had expired, on easy terms. After a number of stormy debates the progress of the measure seemed assured, when Lord John Russell went out of his way to express his views in favour of the appropriation of the surplus revenues of the Irish Church to secular purposes. Stanley wrote to Graham the laconic note, "Johnny has upset the coach." Indeed, the declaration was the more indiscreet because the Cabinet was hopelessly divided on the point. TWO:SCENE IN IRELAND: VISIT OF THE TITHE-PROCTOR. (See p. 355.)Whilst Washington man?uvred to prevent Howe from crossing the Schuylkill above him, the English General crossed below on the 22nd of September, and thus placed himself between Philadelphia and the American army. It was now necessary for Washington to fight, or give up that city; but the condition of his troops, deficient in clothes and shoes, owing to the poverty of the commissariat department, with wretched arms, and fatigued by their recent exertions, forbade all hope of maintaining even the defensive. He therefore fell back, and Cornwallis, on the 27th, advancing from Germantown, entered Philadelphia amid the welcome of the loyal inhabitants. Cornwallis occupied the city with four regiments, but the body of the British army encamped at Germantown, ten miles distant. But, though the Americans had evacuated the city, they still held the command of the Delaware below it, and thus cut off the supplies of the British army by sea, and all communication between the army and the fleet, except by the circuitous course of Chester, liable to capture by the enemy.

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TWO:The success of the Duke of Wellington in carrying Emancipation was fatal to his Government. Almost to a man the Tories fell from him, and he found no compensation in the adhesion of the Whigs. The latter were glad that their opponents had been induced to settle the question, a result which they had long desired, but had not the power to accomplish. Their gratitude, however, for this great service to the public was not sufficiently warm to induce them to enlist under the banner of the Duke of Wellington, though they were ready to come to his assistance, to protect his Government for a time against the violent assaults of the party whose feelings and prejudices he had so grievously outraged. All parties seem, indeed, to have been exhausted by the violence of the struggle, and there was no desire to attempt anything important in the way of legislation during the remainder of the Session. There was nothing extraordinary in the Budget, and it was accepted without much objection. The subject of distress among the operatives gave rise to a debate which occupied two days, and a motion for inquiry into its causes was rejected. The trade which suffered most at the time was the silk trade. It was stated that, in 1824, there were 17,000 looms employed in Spitalfields; now there were only 9,000. At the former period wages averaged seventeen shillings a week, now the average was reduced to nine shillings. By the manufacturers this depression was ascribed to the relaxation of the prohibitory system, and the admission of foreign silks into the home market. On the other hand, Ministers, and the advocates of Free Trade, ascribed the depression to the increase of production, and the rivalry of the provincial towns of Congleton, Macclesfield, and Manchester. That the general trade had increased was shown by the vast increase in the quantity of raw silk imported, and in the number of spindles employed in the silk manufacture. The Government was firm in its hostility to the prohibitory system, and would not listen to any suggestion for relief, except a reduction in the duties on the importation of raw silk, by which the demand for the manufactured article might be augmented. While these discussions were going on in Parliament the silk-weavers were in a state of violent agitation, and their discontent broke forth in acts of lawlessness and destructive outrage. They were undoubtedly in a very miserable condition. It was ascertained that there were at Huddersfield 13,000 persons, occupied in a fancy trade, whose average earnings did not exceed twopence-halfpenny a day, out of which they had to meet the wear and tear of looms, etc. The artisans ascribed this reduction to the avarice of their employers, and they avenged themselves, as was usual in those times, by combination, strikes, and destruction of property. In Spitalfields bands of weavers entered the workshops and cut up the materials belonging to refractory masters. The webs in thirty or forty looms were sometimes thus destroyed in a single night. The same course was pursued at Macclesfield, Coventry, Nuneaton, and Bedworth, in which towns power-looms had been introduced which enabled one man to do the work of four. The reign of terror extended to Yorkshire, and in several places the masters were compelled to succumb, and to accept a list of prices imposed by the operatives. In this way the distress was greatly aggravated by their ignorance. What they demanded was a restrictive system, which it was impossible to restore. The result obtained was simply a reduction of the duties on raw silk.

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THREE:

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THREE: FORE:[110]
THREE:[See larger version]Whilst these movements had been progressing, very different ones had been in development in the north. The British Government, with the fatality which distinguished nearly all its counsels in this war, had thought proper to take the command of the army destined to operate by way of Canada on the northern colonies, from Sir Guy Carleton, and to confer it on General Burgoyne. The campaign had been plannednot by experienced military men on the spot, capable of estimating the difficulties of the enterprise, but in the Cabinet at home, directed by defective maps, and still more defective information. FORE:WASHINGTON AT VALLEY FORGE, BY THE CAMP FIRE. (See p. 247.)
THREE:Notwithstanding the hopes which might have been fairly entertained that the measure of Reform would have been rendered complete throughout the kingdom, a considerable time elapsed before its benefits were extended to the sister country; and a large amount of persevering exertion was required before a measure for the purpose was carried through Parliament, although its necessity was unquestionable. This arose from certain difficulties which it was not found easy to overcome, so as to meet the views, or, at least, to secure the acquiescence, of the various parties in the House. And hence it happened that it was not until 1840 that an Act was passed for the regulation of municipal corporations in Ireland, after repeated struggles which had to be renewed from year to year, and the question was at length only settled by a sort of compromise. On the 7th of February, 1837, Lord John Russell moved for leave to bring in the Irish Municipal Bill, which was passed by a majority of 55; but the consideration of it was adjourned in the Peers till it was seen what course Ministers were to adopt with regard to the Irish Tithe Bill. Early in 1838 the Bill was again introduced, when Sir Robert Peel, admitting the principle by not opposing the second reading, moved that the qualification should be 10. The motion was lost, but a similar one was made in the Upper House, and carried by a majority of 60. Other alterations were made, which induced Lord John Russell to relinquish his efforts for another year. In 1839 he resumed his task, and the second reading was carried by a majority of 26. Once more Sir Robert Peel proposed the 10 qualification for the franchise, which was rejected in the Commons, but adopted in the Lords by nearly the same majorities as before. Thus baffled again, the noble lord gave up the measure for the Session. In February, 1840, the Bill was introduced by Lord Morpeth with a qualification of 8. Sir Robert Peel now admitted that a settlement of the question was indispensable. With his support the Bill passed the Commons by a majority of 148. It also passed the Lords, and on the 18th of August received the Royal Assent.In the House of Lords the second reading was carried on the 28th of May by a majority of 47, and the Bill was finally passed on the 25th of June. The attitude of the House was due entirely to the Duke of Wellington, and his conduct constitutes his best claim to the title of statesman. But the downfall of the Peel Ministry was inevitable. In a letter to the Duke, of the 18th of February, Lord Stanley had said that, whatever might be the result of the Corn Bill, the days of the existing Government were numbered, and that the confidence of his party in Sir Robert Peel had been so shaken, "that, in spite of his pre-eminent abilities and great services, he could never reunite it under his guidance." The Protectionist party found its opportunity in the Irish Coercion Bill, which, introduced by Earl St. Germans into the House of Lords, had slowly passed through its various stages, and appeared in the Commons in March. At first the Bill was obstructed in order to delay the Corn Bill, but when that measure became law, Whigs and Protectionistswho had voted for the second reading of the Protection of Life Billresolved to use it as an instrument for the overthrow of Peel. They combined, therefore, with the Radicals and Irish members, and, on the very night on which Free Trade was passed by the Lords, the Minister was finally defeated in the Commons. He might have dissolved, but his preference was for retirement. The concluding words of his speech will long be remembered. He said: "With reference to honourable gentlemen opposite, I must say, as I say with reference to ourselves, neither of us is the party which is justly entitled to the credit of those measures. There has been a combination of parties, and that combination, and the influence of Government, have led to their ultimate success; but the name which ought to be, and will be, associated with the success of those measures, is the name of the man who, acting, I believe, from pure and disinterested motives, has, with untiring energy, by appeals to reason, enforced their necessity with an eloquence the more to be admired because it was unaffected and unadornedthe name which ought to be associated with the success of those measures is the name of Richard Cobden. Sir, I now close the address which it has been my duty to make to the House, thanking them sincerely for the favour with which they have listened to me in performing the last act of my official career. Within a few hours, probably, that favour which I have held for the period of five years will be surrendered into the hands of anotherwithout repiningI can say without complaintwith a more lively recollection of the support and confidence I have received than of the opposition which, during a recent period, I have met with. I shall leave office with a name severely censured, I fear, by many who, on public grounds, deeply regret the severance of party tiesdeeply regret that severance, not from interest or personal motives, but from the firm conviction that fidelity to party engagementsthe existence and maintenance of a great partyconstitutes a powerful instrument of government. I shall surrender power severely censured also by others who, from no interested[524] motives, adhere to the principle of Protection, considering the maintenance of it to be essential to the welfare and interests of the country. I shall leave a name execrated by every monopolist who, from less honourable motives, clamours for Protection because it conduces to his own individual benefit; but it may be that I shall leave a name sometimes remembered with expressions of good-will in the abodes of those whose lot it is to labour, and to earn their daily bread by the sweat of their brow, when they shall recruit their exhausted strength with abundant and untaxed food, the sweeter because it is no longer leavened by the sense of injustice." FORE:DEFEAT OF GENERAL BRADDOCK IN THE INDIAN AMBUSH. (See p. 119.)
THREE:From the Painting by Robert Hillingford FORE:When these arrangements became known, the Tory party grew dreadfully exasperated. But not the Tories onlythere were throngs of Whigs who had battled zealously for the same object, and with the same hope of personal benefit, and yet they were passed over, and Pulteney, Carteret, and their immediate coterie had quietly taken care of themselves, and thrown their coadjutors overboard. A meeting was appointed between Pulteney and the rest already in office, and the Duke of Argyll, Chesterfield, Cobham, Bathurst, and some others. The Prince of Wales was present, and the different claims were discussed. Argyll was satisfied by being made Master-General of the Ordnance, Colonel of His Majesty's Royal Regiment of Horse Guards, Field-Marshal and Commander-in-Chief of all the forces in South Britain. Chesterfield got nothing, professing to wait to see a more thorough change of men before he went amongst them; but Cobham was made a Field-Marshal, and restored to the command of the Grenadier Guards, but he could get nothing for his nephew, the fiery Oppositionist, Lyttelton. Lord Harrington was made an Earl and President of the Council. But what surprised the country most was that Pulteney, hitherto the head and soul of the party, should have been content to sacrifice himself for the sake of a title. He was made Earl of Bath and received a place in the Cabinet; but by this change, although he seemed to have a brilliant career before him, he forfeited the confidence of the country, which had always looked up to him as the most determined and disinterested of patriots. From this moment he sank into insignificance and contempt. Some others of the old officials remained in as well as Newcastle. Sir William Yonge and Pelham, brother of Newcastle, retained their posts, Yonge as Secretary of War, and Pelham as Paymaster of the Forces.Meanwhile an expedition against Canada had been projected by Colonel Arnold and Ethan Allen at the taking of the forts of Ticonderoga and Crown Point. The recommendations of Allen were taken up, and on the 27th of June, although they had on the first of that month declared their determination not to invade or molest Canada, the Congress passed other resolutions, instructing Philip Schuyler, one of their newly-made generals, to proceed to Ticonderoga, and thence, if he saw it practicable, to go on and secure St. John's and Montreal, and adopt any other measures against Canada which might have a tendency to promote the security of the colonies. It was autumn, however, before the American force destined for this expedition, amounting to two thousand men, assembled on Lake Champlain; and Schuyler being taken ill, the command then devolved on General Montgomery. General Carleton, the Governor of Canada, to whom the Americans, when it suited their purpose, were always attributing designs of invasion of the colonies, had not, in fact, forces sufficient to defend himself properly.
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THREE:CHAPTER IX. REIGN OF GEORGE III. (continued). FORE:
THREE:The Allies now determined to close in on all sides, and compel the French to a surrender. But Buonaparte, after some man?uvres to bring Blucher to actionthat general and the Crown Prince of Sweden having crossed to the left bank of the Elbefound it at length necessary to retreat to Leipsic. He reached that city on the 15th of October, and learned, to his great satisfaction, that whilst his whole force would be under its walls within twenty-four hours, the Austrians were advancing considerably ahead of the Prussians; and he flattered himself that he should be able to beat the Austrians before the other Allies could reach them.

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THREE:Dumouriez was now making his projected attack upon Holland. On the 17th of February, 1793, he entered the Dutch territory, and issued a proclamation, promising friendship to the Batavians, and war only to the Stadtholder and his British allies. His success was brief, and he was soon forced back at all points. He received peremptory orders from the Convention to retire into Belgium. He obeyed with reluctance. On Dumouriez' return to Belgium, he was greatly incensed at the wholesale rapacity of the Commissioners of the Convention. They had plundered the churches, confiscated the property of the clergy and the wealthy inhabitants, and driven the people, by their insolence and violence, into open revolt. He did not satisfy himself by simply reproving these cormorants by words; he seized two of the worst of them, and sent them to Paris under a military guard. General Moreton-Chabrillant, who defended the Commissioners, he summarily dismissed; he restored the plate to the churches, as far as he was able, and issued orders for putting down the Jacobin clubs in the army. On the 16th of March he was attacked at Neerwinden by the Prince of Saxe-Coburg, and after a sharply-fought field, in which both himself and the Duke of Chartres fought bravely, he was routed with a loss of four thousand killed and wounded, and the desertion of ten thousand of his troops, who fled at a great rate, never stopping till they entered France, and, spreading in all directions, they caused the most alarming rumours of Dumouriez' conduct and the advance of the enemy. The Convention at once dispatched Danton and Lacroix to inquire into his proceedings, and, roused by all these circumstances, no sooner had these two envoys left him than he entered into communication with the Prince of Saxe-Coburg. Colonel Mack, an Austrian officer, was appointed to confer with Dumouriez, and it was agreed that he should evacuate Brussels, and that then the negotiation should be renewed. Accordingly, the French retired from Brussels on the 25th of March, and on the 27th they encamped at Ath, where Dumouriez[419] and Mack again met. The result of this conference was the agreement of Dumouriez to abandon the Republic altogether, to march rapidly on Paris, and disperse the Convention and the mother society of the Jacobins. His designs, however, were suspected by the Jacobins, and he was eventually compelled to go over to the enemy almost alone. Dampierre, who had been appointed by the Convention to supersede Dumouriez, took the command of the army, and established himself in the camp at Famars, which covered Valenciennes. He was there attacked, on the 8th of May, by the combined armies of Austrians, Prussians, English, and Dutch, under Clairfayt, the Duke of Saxe-Coburg, and the Duke of York. He was defeated with terrible slaughter, four thousand men being killed and wounded, whilst the Allies stated their loss at only eight hundred men. Dampierre himself lost a leg and died the next day. Lamarque, who succeeded him, might have easily been made to retreat, for the French were in great disorder; but the Allies had resolved to advance no farther till Mayence should be retaken. Lamarque, therefore, fortified himself in his camp at Famars, and remained unmolested till the 23rd of the month. He was then attacked and beaten, but was allowed to retire and encamp again between Valenciennes and Bouchain. The Allies, instead of pushing their advantages, waited the advance of the King of Prussia upon Mayence. Custine, who was put in command of the Rhine, was enabled to keep back the Prince of Hohenlohe, who had but an inconsiderable force, the King of Prussia having been compelled to send a large force to Poland, instead of forwarding it according to agreement to the Rhine.

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THREE:[253]

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FORE:The destruction of the French magazines delayed their operations till midsummer, when Broglie advanced from Cassel, and the Prince Soubise from the Rhine, to give Ferdinand battle. On the march they fell in with Sporken, and this time defeated one of his posts, and took nineteen pieces of cannon and eight hundred prisoners. The Allies awaited them in front of the river Lippe, and between that river and the Aest, near the village of Kirch-Denkern. The French were routed at all points, having lost, according to the Allies, five thousand men, whilst they themselves had only lost one thousand five hundred. The effect of the victory, however, was small.

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FORE:The king left Scotland on the 29th, taking a route different from that by which he entered. On his way to the place of embarkation he visited the Earl of Hopetoun, at whose house he conferred the honour of knighthood on Mr. Raeburn, the celebrated portrait-painter. At Queensferry the country people assembled to testify their loyalty with a last look and a parting cheer. The roar of cannon from all the surrounding hills, and the shouts of the multitude, greeted him on his embarkation at Port Edgar. The royal squadron arrived safely on the 1st of September at Greenwich, where he was cordially welcomed home.The English Dissenters were led, notwithstanding the difference in creed, to sympathise to a considerable extent with Irish Catholics in their agitation against the Church establishment. Dissenters felt particularly aggrieved by the tests which debarred them from obtaining University degrees, which, they justly contended, should be attainable as a matter of right on equal grounds by citizens of all denominations. A petition was presented by Lord Grey on the 21st of March in the Upper House, and by Mr. Spring-Rice on the 24th in the Commons; but no step was taken in consequence till after the Easter recess, when Colonel Williams moved an Address to the Crown, praying that the Universities of Oxford and Cambridge should no longer act under the letters of James I. Mr. Wood moved an amendment to the effect that it was more advisable to proceed by Bill, which was carried by a large majority; but before anything could be done the exclusive spirit of both Universities was roused to a pitch of violent excitement, and in the midst of the controversial storm the quiet voice of reason could not be heard. Mr. Stanley could not see why a man should sign the Thirty-Nine Articles in order to obtain a literary degree, and he deprecated the idea that such a subscription should be regarded as a mere matter of form. Sir Robert Peel was not yet prepared to carry out fully the principle of religious equality. The Bill, he argued, would give to Jews, infidels, and atheists a statutable right of demanding admission into our Universities. Dissenters had been freed from all civil disabilities by the repeal of the Test Acts, and the Roman Catholics by the Emancipation Act; a vast change had been effected in the constitution of Parliament by the Reform Act: and after all those concessions, were they now to be deprived of an Established Church? What was the essence of an Established Church? What but the legislative recognition of it on the part of the State? Parliament was therefore entitled to say to the Dissenters, "With that legislative recognition you shall not interfere." In a brief speech, full of sound sense, Lord Althorp showed the absurdity of those arguments and apprehensions. The second reading of the Bill was carried by a majority of 321 to 194. It was opposed by the Speaker in committee, but having there received some amendments, it was read a third time and passed on the 28th of July by a majority of 164 against 75. In the Lords it was denounced by the Duke of Gloucester, Chancellor of the University of Cambridge, who moved that it be read a second time that day six months. He was followed by the Duke of Wellington, Chancellor of the University of Oxford. Lord Brougham ably defended the measure, but in vain. The Bill was rejected by a majority of 187 against 85. An attempt made by Lord Althorp to abolish church-rates, and to grant in lieu thereof the sum of 250,000 from the land-tax, to effect a[376] commutation of tithes, and to allow Dissenters to get married in their own chapels, was equally unsuccessful.

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A strong garrison was left in Malta, under General Vaubois, and on the 16th the fleet was again under sail. As they were off the coast of Crete, and the savants were gazing on the birthplace of Jupiter, and speculating on the existence of the remains of the celebrated labyrinth, Nelson, who had missed the French fleet, and had sailed in quest of it, was near enough to be perceived by some of the frigates on the look-out, and created a terrible panic. But Nelson, not having frigates to send out as scouts, did not observe them, and suspecting that Egypt was their destination he made all sail for Alexandria. Finding no traces of them there, in his impatience he returned towards Malta. If he had but waited a while they would have come to him; but on reaching Malta and finding that they had taken and manned it, he again put about and made for Alexandria. He had actually been seen by some of the French frigates as he was crossing their track on his return from Alexandria, and Napoleon was impatient to reach land before he could overtake them again. On the 1st of July the French fleet came in sight of Alexandria, and saw before them the city of the Ptolemies and Cleopatra with its pharos and obelisks. The landing was effected at Marabout, about a league and a half from Alexandria.The Emperor of Germany was delighted at the Spanish offer. He had always felt himself aggrieved by the conditions of the Quadruple Alliance. He was afraid of France, and hated George of England for his German policy. He had, moreover, embroiled himself with both England and Holland, by establishing at Ostend an East India Company, which was declared to be in violation of the Treaty of Westphalia, and was, at all events, regarded with particular jealousy by both England and Holland. This being the case, Ripperda, the envoy of Spain, a Dutch adventurer, who had been the tool of Alberoni, completed with ease a treaty with the Emperor at Vienna, which was signed on the 30th of April, 1725.Argyll, who received the news of the retreat about four in the afternoon of that day, occupied Perth with Dutch and English troops by ten o'clock the next morning. They had quitted Stirling on the 29th, and that night they encamped on the snow amid the burnt remains of the village of Auchterarder. Argyll and Cadogan followed the advanced guard and entered Perth on[32] the evening of the 1st of February; but the remainder of the troops did not arrive till late at night, owing to the state of the roads and the weather. Some few of the rebels, who had got drunk and were left behind, were secured. The next day Argyll and Cadogan, with eight hundred light foot and six squadrons of dragoons, followed along the Carse of Gowrie to Dundee. Cadogan, in a letter to Marlborough, complained of the evident reluctance of Argyll to press on the rebels. When he arrived at Dundee on the 3rd, the rebel army was already gone. He and Cadogan then separated, taking different routes towards Montrose. Cadogan, whose heart was in the business, pushed on ahead, and on the 5th, at noon, reached Arbroath, where he received the news that the Pretender had embarked at Montrose and gone to France. In this manner did the descendant of a race of kings and the claimant of the Crown of Great Britain steal away and leave his unhappy followers to a sense of his perfidious and cruel desertion. His flight, no doubt, was necessary, but the manner of it was at once most humiliating and unfeeling. The consternation and wrath of the army on the discovery were indescribable. They were wholly broken up when Argyll reached Aberdeen on the 8th of February.A great portion of the present Session was[143] occupied with discussing the return to cash payments, which, by the Act of Parliament, ought to take place on the 5th of July of this year. It appears that no less than fifty debates and conversations in both Houses took place on this important subject during the Session. Very soon after the meeting of Parliament a secret committee of each House was appointed to inquire into the state of the Bank. These committees were, however, so managed, by delivering to the members lists of suitable persons for such committees, that scarcely any but Ministerial men were voted, though these votes were given by ballot. In the Commons this result was so evident that the Opposition declined to vote at all. The first reports of the committees went rather to close more strictly than to open the issue of gold by the Bank. It had been paying in gold its notes issued previous to January, 1817. This payment it was proposed to stop, as, at present, evidently injurious to the interests of the country. Mr. Peel, on moving for a Bill for this purpose, stated that the gold at the present price was fast finding its way abroad, and was as rapidly absorbed in re-minting a gold coinage for France. It appeared that during the first half of 1818 gold to the value of no less than one hundred and twenty-eight million francs had been coined at the French mint, of which three-fourths were derived from the gold coinage of England. A Bill was accordingly passed to stop payment altogether in gold till the necessary preparations were made by a fresh Bill. Still, the condition of the Bank was represented as flourishing. Its liabilities were stated in January, 1819, as amounting to thirty-three million eight hundred and ninety-four thousand five hundred and eighty pounds; its assets, including the debt due from Government, fifty-three million seven hundred and eighty-three thousand seven hundred pounds. The total Bank surplus appeared to be nineteen million eight hundred and eighty-nine thousand one hundred and twenty pounds; and its surplus, independent of the Government debt, and therefore available for current use, was five million two hundred and two thousand three hundred and twenty pounds. The committees adopted the scheme broached by Mr. Ricardo in his "Proposals for an Economical and Secure Currency," published in 1816. This was that the Bank, in the first instance, should not pay for its notes in gold coin, but in ingots of a certain weight, its fineness being attested by a stamp; and this degree of purity should be regulated from time to time till the gold descended to the Mint price of three pounds seventeen shillings and tenpence-halfpenny per ounce. When the Mint gold at length reached this rate of value, then the payment in coin was to be begun. Resolutions to this effect were moved by the Earl of Harrowby on the 21st of May, and they received the approval, not only of the Ministerial side, but of the leading Opposition members, Lords Grenville, Lansdowne, and King."The prosperous state of the revenue, the increased demand for labour, and the general improvement which has taken place in the internal condition of the country are strong testimonies in favour of the course you have pursued.ARREST OF SIR FRANCIS BURDETT. (See p. 597.)
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