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 news spread on every side; the retreat of the English from Concord, which always was intended, as soon as the object was accomplished, was represented as an ignominious flight before the conquering Americans, and the effect was marvellous. Men flocked from all quarters. There were some twenty thousand men assembled round Boston, forming a line nearly twenty miles in extent, with their left leaning on the river Mystic, and their right on the town of Boston. Putnam and Ward became the souls of the American army. Gage, who was awaiting fresh reinforcements, lay quiet, contented to hold his post, when he might, according to military authorities, have attacked the American lines, at first loose, and without any proper order and consistency, with great advantage. The inhabitants of Boston, not relishing the idea of a blockade, applied to Gage for permission to retire. He replied that they were at liberty to do so with their families and effects, on surrendering their arms. The Bostonians at once interpreted this to mean the whole of their merchandise, and Gage, in consequence, countermanded his permission.Napoleon, finding Blucher gone, turned his attentions to Wellington, expecting to find him still at Quatre Bras; but, as we have said, the Duke was now on his retreat to Waterloo. Buonaparte dispatched his cavalry in hot haste after him, and they came up with his rear at Genappe, where the British had to pass through a narrow street, and over a narrow bridge across the Dyle. There the French came with such impetus that they threw the light cavalry into confusion; but the heavy dragoons soon rode back, and drove the French with such effect before them, that they made no further interruption of the march. Without an enemy at their rear the march was repugnant enough to the soldiers. British soldiers abominate anything like a retreat. They had heard of the defeat of the Prussians at Ligny; and this retrograde movement looked too much of the same character to please them. Besides, it was raining torrents all the way; and they had to tramp across fields up to the knees in mud. At five in the evening, however, the Duke commanded a halt, and took up his position on ground which thenceforth was to be immortal. He was on the field of Waterloo! Long before this the position had attracted his attention, and he had thought that had he to fight a battle anywhere in that part of the country, it should be on that ground. About two miles beyond the village of Waterloo, which has been chosen to bear the name of this famous battle, and about a mile beyond the hamlet of Mont St. Jean, there stretches across the Charleroi road a ridge of some elevation. On this Wellington posted his army, his left extending to a hamlet called La Haye, and his right across the Nivelles road, to a village and ravine called Braine Merbes. These two roads united in the highway to Brussels, just behind the hamlet of Mont St. Jean, and close behind the centre of Wellington's position was the farm of Mont St. Jean; a little below his centre, on the Charleroi road or causeway, leading through Genappe to Quatre Bras, whence they had come, was another farmhouse, called La Haye Sainte. On Wellington's right, but down in the valley near the Nivelles road, lay an old chateau, with its walled orchard, and a wood beyond it, called Hougomonta contraction of Chateau-Gomont. Below this[98] position ran a valley, and from it ascended opposite other rising grounds, chiefly open cornfields; and along this ascent, at about half a mile distant, Buonaparte posted his army, shutting in by his right the chateau of Hougomont, and commanding it from the high ground. Nearly opposite to Wellington's centre stood a farmhouse, enclosed in its orchards, called La Belle Alliance. There Buonaparte took his stand, and kept it during all the fighteach commander being able to view the whole field. Close behind Wellington the ground again descended towards Mont St. Jean, which gave a considerable protection to his reserves, and kept them wholly out of the observation of the French. To make the situation of Wellington's army clear, we have only to say that behind the village of Waterloo extended the beech wood of Soigne along the road to Brussels for the greater part of the way.
Director
Accordingly, on the morning of the 17th, he sent a flag of truce to Washington, proposing a cessation of hostilities for twenty-four hours, in order that commissioners might meet and settle the terms of surrender. They were soon arranged, and articles of surrender were signed by the respective generals on the morning of the 19th of October.Bolingbroke (b. 1678; d. 1751) must be named with the prose writers of the age. Amongst his writings there is little that will now interest the reader. He wrote in a brilliant and pretentious style, as he acted; and his writings, like his policy, are more showy than sound. As a cold sceptic in religion, and a Jacobite in politics, proud and essentially selfish in his nature, we are not likely to find anything from his pen which can strongly attract us, or is calculated to benefit us. In the Tory party, to which he belonged, he was one of those brilliant and self-complacent apparitions, which have all the[149] qualities of the meteordazzling, but speedily sinking into darkness, though his "Patriot King" had some temporary influence, and even furnishes the keynote to some of the earlier writings of Lord Beaconsfield.Whilst these things were happening, and but two days before the mail arrived bringing the news of the defeat at Closter-Campen, George II. died. He had, till within the last two years, enjoyed robust health. He had then a severe attack of gout, and from that time his eyes and hearing had failed. On the morning of the 25th of October he rose at his usual hour of six, drank his chocolate, inquired how the wind was, being anxious for the arrival of the mails, and then suddenly fell, uttered a groan, and expired. He was seventy-seven years of age.[See larger version]