THREE:Peel then shows how, and under what constraining sense of duty, he responded to that claim: "And if the duty which that acknowledged claim imposed upon me were thisthat in a crisis of extreme difficulty I should calmly contemplate and compare the dangers with which the Protestant interest was threatened from different quartersthat I should advise a course which I believe to be the least unsafethat having advised and adopted, I should resolutely adhere to itthat I should disregard every selfish considerationthat I should prefer obloquy and reproach to the aggravation of existing evils, by concealing my real opinion, and by maintaining the false show of personal consistencyif this were the duty imposed upon me, I fearlessly assert that it was most faithfully and scrupulously discharged."COSTUMES OF THE PERIOD OF GEORGE II.
THREE:Some of the offenders in this "Bottle Riot," as it was called, were prosecuted. Bills against them were sent up to the grand jury of the city of Dublin. But as this body had a strong Orange animus, the bills were thrown out. Mr. Plunket then proceeded by ex-officio informations, which raised a great outcry against the Government, as having violated the Constitution, and a resolution to that effect was moved by Mr. Brownlow in the House of Commons. It turned out, however, that his predecessor, Mr. Saurin, one of his most vehement accusers, who alleged that the course was altogether unprecedented, had himself established the precedent ten or twelve years before. Forgetting this fact, he denounced the conduct of Mr. Plunket as "the most flagrant violation of constitutional principle that had ever been attempted." The trial in the Court of Queen's Bench, which commenced on February 3rd, 1823, produced the greatest possible excitement. The ordinary occupations of life appeared to be laid aside in the agitating expectation of the event. As soon as the doors were opened, one tremendous rush of the waiting multitude filled in an instant the galleries, and every avenue of the court. The result of the trial was, that the jury disagreed, the traversers were let out on bail, the Attorney-General threatening to prosecute again; but the proceedings were never revived.In the House of Commons similar resolutions were moved on the 24th by Mr. Robert Peel, who, on this occasion, made the first of those candid admissions of new views which he afterwards repeated on the question of Catholic Emancipation, and finally on the abolition of the Corn Laws. This eminent statesman, though beginning his career in the ranks of Conservatism, had a mind capable of sacrificing prejudice to truth, though it was certain to procure him much obloquy and opposition from his former colleagues. He now frankly admitted that the evidence produced before the secret committee of the Commons, of which he had been a member, had greatly changed his views regarding the currency since in 1811 he opposed the resolutions of Mr. Horner, the chairman of the Bullion Committee. He now believed the doctrines of Mr. Horner to be mainly sound, and to represent the true nature of our monetary system; and, whilst making this confession, he had only to regret that he was compelled by his convictions to vote in opposition to the opinions of his venerated father. Several modifications were proposed during the debate, but there appeared so much unanimity in the House that no alterations were made, and the resolutions passed without a division. The resolutions were to this effect:That the restrictions on cash payments should continue till the 1st of May, 1822; that, meanwhile, the House should make provision for the gradual payment of ten millions of the fourteen millions due from the Government to the Bank; that, from the 1st of February, 1820, the Bank should take up its notes in gold ingots, stamped and assayed in quantities of not less than sixty ounces, and at a rate of eighty-one shillings per ounce. After the 1st of October of the same year the rate of gold should be reduced to seventy-nine shillings and sixpence per ounce; and again on the 1st of May, 1821, the price should be reduced to seventy-seven shillings and tenpence halfpenny per ounce; and at this rate of gold, on the 1st of May, 1822, the Bank should finally commence paying in the gold coin of the realm. Bills to this effect were introduced into both Houses by the Chancellor of the Exchequer and Mr. Peel, and were readily[144] passed; and such was the flourishing condition of the Bank that it did not wait for the full operation of the Act, but commenced paying in coin to any amount on the 1st of May, 1821.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla pretium lectus vel justo iaculis blandit.