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THREE: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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THREE:When Ney and Caulaincourt saw Marmont at Essonnes, he informed them that he had entered into a convention with the Allied sovereigns on his own account. They begged him to suspend it and accompany them, and he consented. Whilst the three commissioners were with the Emperor Alexander, news was brought that Count Souham, with whom Marmont had left the command of his troops, had gone over, and marched the division into the lines of the Allies. On this the Emperor said they had better return to Napoleon, and assure him that the Allies would accept nothing short of an absolute and unqualified abdication. When they announced this to him, to their surprise, he exclaimed, "But what provisions are made for me? How am I to be disposed of?" They replied that it was proposed by the Emperor Alexander that he should retain the title of Emperor; should have the island of Elba, a guard, a small fleet, and all the attributes of royalty, with a suitable income. With a mood of mind incomprehensible in any other person, he immediately called for maps and books about Elba, and began contemplating his future position, as though he had only been changing one France for another; but there can be no doubt that he, in reality, was weighing the facilities of the place for that effort to regain the empire of France, which he certainly never renounced for a moment. On the 11th of April he drew up a form of unconditional abdication, signed, and dispatched it. Ney, Macdonald, and Caulaincourt arrived with the treaty to which the Allied sovereigns had agreed. Elba was assigned to him��an island twenty leagues in extent, with twelve thousand inhabitants��and he was to have an income of six millions of francs, besides the little revenue of the island. Two millions and a half more were assigned as annuities to Josephine, and the other members of his family. The Empress was to be created Duchess of Parma, Placentia, and Guastella, in full sovereignty. The marshals and other officers of his army were received into the same ranks and dignities in the army of the Bourbon sovereign. Lord Castlereagh, who had arrived after the conclusion of this treaty, pointed out the folly of it, which must have been apparent to every man of the slightest reflection; for, to a certainty, Napoleon would not for a day longer than he was compelled observe it in a place like Elba, in the very vicinity of France. He declined, on the part of Great Britain, any concern in it; but to avoid a renewal of the war, he offered no formal opposition. Napoleon arrived at Elba on the 4th of May.

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THREE:Sir Mark Isambard Brunel, a hero of mechanical science, made a great step in advance by the invention of self-acting machinery to supersede the work of artisans, by which a new epoch was created in art. The greatest effort of Brunel was the Thames Tunnel, a structure of perfect firmness and solidity laid on a quicksand, and forced through a quaking mass of mud, which will endure like the cloac? of regal Rome, when the palace and the cathedral have crumbled to dust. He was enabled to accomplish this prodigious work by means of "the shield"��a movable vertical frame of cast iron, provided with thirty-six cells, in each of which a man was placed with a pick to excavate the area, this frame or shield being moved bodily forward by powerful screws, while the bricklayers brought up the arched masonry behind, which was then beyond the power of injury. The works, however, were several times "drowned" during their progress by the irruptions of the Thames, but every fresh difficulty was met successfully by the heroic engineer. The tunnel was commenced on the 2nd of March, 1825, and finished on the 25th of March, 1843. Brunel survived the completion of this, his greatest work, above six years, dying on the 12th of December, 1849.

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THREE:

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