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× FORE:This was the fatal year in which Buonaparte, led on by the unsleeping ambition of being the master of all Europe, and so of all the world, made his last great attempt��that of subduing Russia to his yoke��and thus wrecked himself for ever. From the very day of the Treaty of Tilsit, neither he nor Alexander of Russia had put faith in each other. Buonaparte felt that the Czar was uneasy under the real dictatorship of France which existed under the name of alliance. He knew that he was most restless under the mischief accruing from the stipulated embargo on British commerce, and which, from the ruin which it must bring on the Russian merchants, and the consequent distress of the whole population, might, in fact, cause him to disappear from the throne and from life as so many of his ancestors had done. Timber, pitch, potash, hemp, tallow, and other articles were the very staple of Russia's trade, and the British were the greatest of all customers for these. The landed proprietors derived a large income from these commodities, and they asked why they were to perish that Buonaparte might destroy Great Britain, whence they drew their principal wealth. He knew that Alexander looked with deep suspicion on his giving the Duchy of Warsaw to the King of Saxony, a descendant of the royal family of Poland. To this act was added the stipulations for a free military road and passage for troops from Saxony to Warsaw; and also that France should retain Dantzic till after a maritime peace. These things seemed to point to the re-establishment of the kingdom of Poland, and the demand, at some future day, for the surrender of the rest of the Polish territory by Russia. So the Poles seemed to interpret these matters, for they had, since these arrangements, flocked to his standard, and were fighting Buonaparte's battles in Spain. To these causes of offence and alarm, which Alexander did not hesitate to express, and which Napoleon refused to dissipate, were added the seizure of the Duchy of Oldenburg, guaranteed to Alexander's near relative, and the marriage alliance with Austria. Alexander, on this last occasion, said��"Then my turn comes next;" and in anticipation of it he had been strengthening himself by a secret league with Sweden.

× FORE:On the 12th of February, 1823, the President of the Board of Trade said, in his place in Parliament:��"The general exports of the country in the four years from 1815 to 1819 had decreased ��14,000,000 in official value; and he took the official value in preference to the declared, because it was from the quantity of goods produced that the best measure was derived of the employment afforded to the different classes of the community. In the year from the 5th of January, 1819, to the 5th of January, 1820, the exports of the country fell off no less than ��11,000,000; and in looking at that part of it which more completely embraced British or Irish manufacture, he found that the difference in four years was ��8,414,711; and that in the year from the 5th of January, 1820, to the 5th of January, 1821, there was a decrease of ��8,929,629. Nobody, therefore, could be surprised that, at that period, the industry of the country appeared to be in a state of the utmost depression; that our manufacturers were most of them unemployed; that our agriculturists were many of them embarrassed; and that the country, to use the phrase of a friend of his in presenting a petition from the merchants of London, 'exhibited all the appearances of a dying nation.' Though the condition of the agricultural interest was not as favourable as he could wish, still it was most satisfactory for him to state that not only did the exports of last year [1822] exceed those of all the years to which he had been alluding, but also those of the most flourishing year which had occurred during the continuance of the war. In all material articles there had been a considerable increase. The export of cotton had increased ten per cent., and hardware seventeen per cent.; of linens twelve per cent., and of woollens thirteen per cent.; and the aggregate exports of 1822 exceeded those of 1820 by twenty per cent., and of 1821 by seven per cent., notwithstanding a deduction was to be made from the exports of one great article, sugar, owing to a prohibitory decree of Russia, amounting to thirty-five per cent." The result of this prosperous state of things was that, in 1823, the new Chancellor of the Exchequer was enabled to present the best and most popular Budget that had been laid before Parliament for many years, remitting a large amount of taxes that had pressed most heavily on the springs of industry, and inflicted the greatest amount of inconvenience and privation upon the people. The revenue of the nation in that year was ��57,000,000, and the expenditure was estimated at ��49,672,999, leaving a surplus of upwards of ��7,000,000. Of this surplus, ��5,000,000 was set aside for the reduction of the National Debt, and the remainder for the remission of taxes. As the assessed taxes were most oppressive, they were reduced fifty per[239] cent., a reduction which was estimated on the window tax alone at ��1,205,000. On the whole, the assessed taxes were reduced by ��2,200,000. This included ��100,000, the total amount of assessed taxes in Ireland. In England the whole of the window tax was removed from the ground floors of shops and warehouses.

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× FORE:On the 22nd of January, 1801, the first Imperial Parliament met, and Addington was re-elected Speaker. The king did not meet this Parliament till the whole of its members had been sworn; his opening of it for business took place on the 2nd of February, and his speech had no cheering topics to give spirit to its first proceedings; on the Continent there had been nothing but defeat on the part of the Allies, of triumph on that of France. Our late ally, Paul, had not only seized our merchant vessels in the ports of the Baltic, and the property of our merchants in the Russian towns, but he had entered into a league with Sweden and Denmark to close the Baltic altogether to us, and to compel us to relinquish the right of search. This confederacy, by stopping the supplies of corn from the North, threatened us with great aggravation of the distresses at home; and some members advocated the surrender of the right of search, or the acceptance of the principles of an armed neutrality, such as Catherine of Russia had endeavoured to establish. But Pitt plainly showed that to allow neutral vessels to carry arms, ammunition, and commodities of life into the ports of our enemies would render all blockades of their forts useless, and enormously increase our difficulties during war. Orders were immediately issued to send a powerful fleet into the Baltic to chastise the insane Czar.

× FORE:The great question of the Prince of Wales's debts was brought on by Alderman Newnham, who had been selected by the prince's set for that purpose, to give it more an air of independence. Newnham, on the 20th of April, asked the Chancellor of the Exchequer whether his Majesty's Ministers proposed to make any arrangement for this purpose. He praised the prince for his generous conduct in breaking up his establishment to facilitate the payment of his debts; but declared it disgraceful to the nation that he should remain in that condition. Not[338] receiving any satisfactory answer, the alderman gave notice of a motion on the subject for the 4th of May. Pitt then endeavoured to deter the alderman from bringing in the motion, by saying that it was not his duty to do so except by command of the king. Newnham, however, persisted in his motion, and in the course of the debate Mr. Rolle, the member for Devonshire, pointedly alluded to the rumours that were afloat as to the marriage of the prince with Mrs. Fitzherbert, a Roman Catholic lady. As a matter of fact, these rumours were true: the prince had been secretly united to her by a Protestant clergyman on December 21st, 1785, in the presence of several witnesses. The marriage placed the prince in this dilemma: by the Act of Settlement, marriage with a Roman Catholic invalidated all claims to the throne; but by the Royal Marriage Act, any marriage contracted without the royal consent was null. He could therefore annul the action of the first Act by pleading the second, but by so doing he would obviously take away the character of his wife. The prince saw a better way out of the difficulty��namely, a denial that the marriage had taken place at all. Fox, completely duped by the mendacious assurances of his royal friend, was induced to get up and contradict the rumour, "by direct authority." The revulsion of feeling in the House was immediate. On the 23rd of May Pitt laid before the members a schedule of the prince's debts, amounting to one hundred and ninety-four thousand pounds. Of this sum a hundred and sixty-one thousand were voted, together with twenty thousand for the completion of Carlton House, and the king was induced to add ten thousand a year from the Civil List to the prince's income. He was thus placed for the time being in affluence, and only had to reckon with Mrs. Fitzherbert. This he did by disavowing Fox, whom he declared to have spoken without authority. But the lady appears to have urged some public explanation. The prince naturally avoided Fox, but sent for Grey, who, however, declined to have anything to do with the dirty business. "Then," said the prince, "Sheridan must say something." Accordingly, a few days later, Sheridan got up and paid a few vapid compliments to Mrs. Fitzherbert, which assuaged her wrath, without exposing the royal liar.

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× FORE:A law in force since the time of Cromwell had provided that no merchandise from Asia, Africa, or America should be imported into Great Britain in any foreign ships; and not only the commander, but three-fourths of the crew, were required to be English. In addition to this restriction of our foreign commerce to English-built and English-manned ships, discriminating duties were imposed upon foreign ships from Europe, which had to pay more heavily than if the goods were imported under the British flag. The object of this system, which prevailed for one hundred and fifty years, was to maintain the ascendency of Britain as a Maritime Power. Adam Smith remarks that the Navigation Act may have proceeded from national rivalry and animosity towards Holland; but he held that its provisions were as beneficial as if they had been dictated by the most consummate wisdom. He admits, however, that they were not favourable to foreign commerce, or to the growth of that opulence that can arise from it, remarking, "As defence is of more value than opulence, the Act of Navigation is perhaps the wisest of all the commercial regulations of England." But had Adam Smith lived later on, he would have seen that the utmost freedom of commerce with foreign nations, and the most boundless opulence arising from it, are quite compatible with a perfect system of national defence; and whatever were the advantages of the restrictive system, other nations could act upon it as well as England. America did so, and thus commenced a war of tariffs equally injurious to herself and the mother country, causing the people of each to pay much more for most of the commodities they needed than they would have done if the markets of the world were open to them. The consequence was that both parties saw the folly of sending their ships across the Atlantic in ballast, and a commercial treaty was concluded in 1815, which put the shipping of both America and England upon an equal footing, and relieved them from the necessity of paying double freight. The reciprocity system was also partially adopted in our commerce with other countries. In 1822 Mr. Wallace had brought in four Bills, which made other important alterations. The 3 George IV., cap. 41, repealed certain statutes relating to foreign commerce which were passed before the Navigation Act. Another Act (cap. 42) repealed that part of the Navigation Act itself which required that goods of the growth or manufacture of Asia, Africa, and America should only be imported in British ships; and that no goods of foreign growth or manufacture should be brought from Europe, except from the place of their production, and in the ships of the country producing them. The next enactment prescribed certain specified goods to be brought to Great Britain from any port in Europe, in ships belonging to the ports of shipment. Two other Acts further extended freedom of commerce, and removed the vexatious restrictions that had hampered our colonial and coasting trade. In 1823 Prussia retaliated, as the United States had done, which led Mr. Huskisson to propose what are called the Reciprocity Acts, 4 George IV., cap. 77, and 5 George IV., cap. 1, which empowered the king, by Order in Council, to authorise the importation and exportation of goods in foreign ships from the United Kingdom, or from any other of his Majesty's dominions, on the same terms as in[240] British ships, provided it should first be proved to his Majesty and the Privy Council that the foreign country in whose favour the order was made had placed British ships in its ports on the same footing as its own ships. These enactments proved an immense advantage to the people of the nations affected by them, and satisfied all parties but the ship-owners, who cried out loudly that their interest was ruined. But their complaints were altogether unfounded, as will appear from the following figures. Under the restrictive system, from 1804 to 1823, the tonnage of British shipping had increased only ten per cent. Under the Reciprocity Acts and the Free Trade system, from 1823 to 1845, the increase rose to forty-five per cent. This result fully bore out the calculations and anticipations of Mr. Huskisson, in his answer to the arguments of the Protectionists.

× FORE:But at length the Legislature adopted a measure which attempted to go to the root of one of the greatest evils that afflicted Ireland. This was a Bill for facilitating the transfer of encumbered estates, which was passed into law, and is generally known as the Encumbered Estates Act. It was introduced by the Solicitor-General, Sir Samuel Romilly, on the 26th of April. Nothing could be more unsatisfactory than the state of landed property in that country. Many of the estates had been in Chancery for a long series of years, under the management of receivers, and periodically let at rack-rents. Many others which were not in Chancery were so heavily mortgaged that the owners were merely nominal. Others again were so tied up by family settlements, or held by such defective titles, that they could not be transferred. Consequently, a great portion of the landed property of the country was in such a condition that capital could not be invested in it, or expended on it. The course of proceeding in Chancery was so slow, so expensive, so ruinous, and the court was so apparently incapable of reform, that nothing could be expected from that quarter. The Government, therefore, proposed to establish a commission, invested with all the powers of that court, and capable of exercising those powers in a summary manner, without delay and without expense, so that an encumbered estate could be at once sold, either wholly or in part, and a parliamentary title given, which should be good against all the world. This important measure met with general approval in both Houses. Indeed it was hailed with satisfaction by all classes of the community, with the exception of a portion of the Irish landed gentry. There were three commissioners appointed, lawyers of eminence and experience in connection with land. By a subsequent enactment in 1849, it was regulated as a permanent institution, under the title of the Landed Estates Court; the three commissioners were styled judges, ranking with the judges of the Law Courts. The number of petitions or applications for sale made to this court from the 17th of October, 1849, to the 1st of August, 1850, was 1,085, and of this number those by owners amounted to 177��nearly one-sixth of the whole. The rental of the estates thus sought to be sold by the nominal proprietors, anxious to be relieved of their burdens, was ��195,000 per annum, and the encumbrances affecting them amounted to no less than ��3,260,000. The rental of the estates included in 1,085 applications, made by others not owners, amounted to ��655,470 per annum, and the debt upon these amounted to the enormous sum of ��12,400,348. One of the estates brought before the court had been in Chancery for seventy years, the original bill having been filed by Lord Mansfield in 1781. The estates were broken up into parcels for the convenience of purchasers, many of whom were the occupying tenants, and the great majority were Irishmen. Generally the properties brought their full value, estimated by the poor-law valuation, not by the rack rents which were set down in the agents' books, but never recovered. The amount of capital that lay dormant in Ireland, waiting for investment in land, may be inferred from the fact that in nine years��from 1849 to 1858��the sum of twenty-two millions sterling was paid for 2,380 estates. But in the pacification of Ireland the Act accomplished far less than was hoped by Sir Robert Peel, who practically forced the measure upon the Ministry. Men of capital looked for a fair percentage for their investments: many of them were merchants and solicitors, without any of the attachments that subsisted between the old race of landlords and their tenants, and they naturally dealt with land as they did with other matters��in a commercial spirit��and evicted wholesale tenants who were unable to pay.