The matter was not to be lightly or easily dismissed. On the very same day that Lord Shelburne made his motion in the Lords, Edmund[263] Burke gave notice of a series of resolutions which he should introduce after the Christmas recess. He stated the outline of his intended measures for economical reform. Whilst he was delivering a very fine speech on this occasion, Fox came in from the House of Lords, where he had been listening to the debate on Lord Shelburne's motion, and warmly supported him, lamenting that there was not virtue enough in the House to carry through so necessaryso patriotic a measure. "I am just come," he said, "from another place where the first men in this kingdomthe first in abilities, the first in estimationare now libelling this House." The announcement excited, as Fox intended, much surprise, and he continued"Yes, I repeat it. Every instance they giveand they give many and strong instancesof uncorrected abuses, with regard to the public money, is a libel on this House. Everything they state on the growth of corrupt influenceand it never was half so flourishingis a libel on this House."[See larger version]
ONE:When these letters were published in America, their real character was concealed, and every means taken to represent them as official despatches to the officers of Government in England. The public rage was uncontrollable. A committee was formed to wait on Governor Hutchinson, and demand whether he owned the handwriting. Hutchinson freely owned to that, but contended very justly that the letters were of a thoroughly private character, and to an unofficial person. Notwithstanding, the House of Assembly drew up a strong remonstrance to the British Government, charging the Governor and Lieutenant-Governor with giving false and malicious information respecting the colony, and demanding their dismissal. This remonstrance, accompanied by copies of the letters themselves, was immediately dispatched over the colonies, and everywhere produced, as was intended, the most violent inflammation of the public mind against us. The Bostonians had for some time established what was called a Corresponding Committee, whose business it was to prepare and circulate through the whole of the colonies papers calculated to keep alive the indignation against the British Government. This Committee quickly was responded to by other committees in different places, and soon this plan became an organisation extending to every part of the colonies, even the most remote, by which intelligence and arguments were circulated through all America with wonderful celerity.
ONE:The English now began to contemplate taking the Cape of Good Hope from the Dutch. General Johnstone was dispatched in April with five ships of the line, some frigates, and smaller vessels, having on board General Medows and three regiments for this purpose; but encountering Admiral Suffren in the way, after an indecisive action, Johnstone fell in with and took a Dutch East Indiaman of great value, and learned through it that Suffren had managed to reach the Cape and give the alarm, and that the Cape was put into strong defence. Johnstone, therefore, made for Saldanha Bay, where he learned that a number of other Dutch East Indiamen were lying. Four of these he secured; the rest were run ashore by their commanders and burnt. During the autumn both Dutch and French suffered much from the British on the coasts of Coromandel and the island of Sumatra. They also took from the Dutch Negapatam, Penang, and other places.Whilst the French armies had been carrying bloodshed and misery into the countries around them, their brethren at home had been equally[436] busy in pushing forward those mutual hatreds which appeared likely to end in the extermination of the whole race of revolutionists. The Girondists being destroyed, new divisions showed themselves in those who had hitherto been alliesRobespierre and his coadjutors. Hbert, Chaumette, Clootz, Ronsin, and others, began to raise their heels against their chief, and their chief doomed every one of them to the guillotine. His most important victim was Danton, a man by no means contemptible (guillotined April 5th, 1794).
THREE:The most respectable witnesses testified in his favour, that he had always argued that the monarchy of the country was good; the government far superior to that of France; that many opinions of Paine were unsound and untenable; that an equal division of property was a chimera, and that we here wanted no revolution, but only moderate reform. The chief witness against him was a woman-servant, who had lived in his father's family, who deposed to his telling people to read the "Rights of Man;" to giving an organ-man something to play "?a ira!" and the like. It is clear that Mr. Muir was what would now be considered a very moderate reformer indeed. But the Lord Advocate treated him with the most scurrilous indignity, calling him "that unfortunate wretch at the bar;" "that demon of mischief;" "that pest of Scotland." The very proofs of Muir's moderation were turned by the Lord Justice Clerk into crimes; it was only "policy;" and he proceeded to pass on him the monstrous sentence of transportation for fourteen years!
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.RICHARD BRINSLEY SHERIDAN. (After the Portrait by Sir Joshua Reynolds.)In committee the Opposition endeavoured to introduce some modifying clause. They proposed that the Dissenters should have schools for their own persuasion; and, had the object of the Bill been to prevent them from endangering the Church by educating the children of Churchmen, this would have served the purpose. But this was not the real object; the motive of the Bill was the old tyrannic spirit of the Church, and this most reasonable clause was rejected. They allowed, however, dames or schoolmistresses to teach the children to read; and they removed the conviction of offenders from the justices of peace to the courts of law, and granted a right of appeal to a higher court. Finally, they exempted tutors in noblemen's families, noblemen being supposed incapable of countenancing any other than teachers of Court principles. Stanhope seized on this to extend the privilege to the members of the House of Commons, arguing that, as many members of the Commons were connected with noble families, they must have an equal claim for the education of their children in sound principles. This was an exquisite bit of satire, but it was unavailing. The Hanoverian Tories, headed by Lord Anglesey, moved that the Act should extend to Ireland, where, as the native population was almost wholly Catholic, and therefore schismatic in the eye of the Established Church, the Bill would have almost entirely extinguished education. The Bill was carried on the 10th of June by a majority only of seventy-seven against seventy-two, and would not have been carried at all except for the late creation of Tory peers.
