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THREE:Though the Duke of Wellington defended him-self against the persevering attacks of the financial reformers, he was busy making retrenchments in every department of the Public Service. So effectually did he employ the pruning-hook, that although the income of the previous year had fallen short of the estimate of the Chancellor of the Exchequer by ��560,000, he was able to present to the House this year a surplus of ��3,400,000 available for the reduction of taxation, still leaving an excess of income over expenditure of ��2,667,000 applicable to the reduction of debt. There was, consequently, a large remission of taxation, the principal item of which was the beer duty, estimated[310] at ��3,000,000. At the same time, in order to enable the Chancellor of the Exchequer to meet these reductions, an addition of one shilling a gallon was made to the duty on English spirits and of twopence on Irish and Scottish spirits. This Budget helped to clear the political atmosphere and brought a brief gleam of popularity to the Government. The Duke got full credit for an earnest desire to economise, and it was acknowledged by the Liberal party that he had given the most important financial relief that the nation had experienced since the establishment of peace. Notwithstanding, however, the general satisfaction, and the loud popular applause, the pressure of distress was not sensibly alleviated. The burden indeed was somewhat lightened, but what the nation wanted was greater strength to bear financial burdens, a revival of its industrial energies, and facilities for putting them forth with profit to themselves and to the country. Remissions of taxation were but the weight of a feather, compared to the losses sustained by the action of the currency. For while the reductions only relieved the nation to the extent of three or four millions, it was estimated that the monetary laws, by cutting off at least fifty per cent. from the remuneration of all branches of industry, commercial and agricultural, had reduced the incomes of the industrial classes to the extent of a hundred and fifty millions yearly.The winter of 1836-7 was marked by great commercial activity, and a strong tendency to over-trading, chiefly on the part of the banks. The result was a reaction, and considerable monetary embarrassment. In the reckless spirit of enterprise which led to these consequences, the American houses took the lead. The American speculators indulged an inordinate thirst for gain by land jobs, and over-trading in British produce. The most remarkable examples of this were afforded by three great American houses in London, called "the three W.'s." From an account of these firms, published in June, 1837, it appeared that the amount of bills payable by them from June to December, was as follows: Wilson and Co.,[411] ��936,300; Wigan and Co., ��674,700; Wildes and Co., ��505,000; total acceptances, ��2,116,000. This was upwards of one-sixth of the aggregate circulation of the private and joint-stock banks of England and Wales, and about one-eighth of the average circulation of the Bank of England. The shipments to America by Wigan and Co. amounted to ��1,118,900. The number of joint-stock banks that started into existence at this time was remarkable. From 1825 to 1833 only thirty joint-stock banks had been established. In that year the Charter of the Bank of England being renewed, without many of the exclusive privileges it formerly enjoyed, and the spirit of commercial enterprise being active, joint-stock banks began to increase rapidly. There was an average of ten new companies annually, till 1836, when forty-five of these establishments came into existence in the course of ten months. In Ireland there were ten started in the course of two years. The consequence of this greatly increased banking accommodation produced a wild spirit of commercial adventure, which collapsed first in America, where the monetary confusion was unexampled��bankers, importers, merchants, traders, and the Government having been all flung into a chaos of bankruptcy and insolvency. This state of things in America had an immediate effect in England. Discounts were abruptly refused to the largest and hitherto most respectable houses of Liverpool and London. Trade, in consequence, became paralysed; prices suddenly dropped from thirty to forty per cent.; and the numerous share bubbles��the railway projects, the insurance companies, the distillery companies, the cemetery companies, the sperm oil, the cotton twist, zoological gardens, and other speculations��which had floated on the pecuniary tide, all suddenly collapsed, and there was an end to the career of unprincipled adventurers. It is satisfactory, however, to observe that the sound commerce of the country soon recovered the shock thus given; and in less than two years the pecuniary difficulties had passed away. Commerce had resumed its wonted activity, and flowed steadily in legitimate channels. The American banks resumed payment, and the three great American houses, which had involved themselves to such an enormous extent, were enabled to meet all their liabilities.

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THREE:The war in Afghanistan was alluded to in the Royal Speech, at the opening of the Session of 1843, in terms of congratulation at the complete success that had attended the recent military operations in that country, owing to the high ability with which they had been directed, as well as the constancy and valour of the European and native forces, which had established, by decisive victories on the scenes of former disasters, the superiority of her Majesty's arms, and had effected the liberation of the British subjects that had been held in captivity. This, therefore, is the proper time to relate briefly the incidents of that war, some of which are full of romantic interest. About the year 1837 the attention of the British[494] Government in India was attracted by the conduct of certain supposed agents of Russia, in the countries to the west of the Indus. The Russian ambassador, Simonitch, was urging the Shah to lay siege to Herat, "the key to India," and the place was soon closely invested. It was saved by the fortuitous presence in the town of a gallant young officer of engineers, Eldred Pottinger, who rallied the inhabitants and beat off the enemy. Meanwhile, another Russian agent, Vicovitch by name, had been sent to Cabul. In order to counteract his designs, it was thought desirable to establish an alliance with the rulers of Afghanistan. With this view overtures were made to Dost Mahomed Khan through a mission headed by Alexander Burnes. These having failed, chiefly from the ill-advised interference with Burnes of the Governor-General, Lord Auckland, the British Government sought to establish a friendly power in Afghanistan by aiding the exiled prince, Shah Sujah, in another attempt to regain his throne. The step, which was condemned by numerous clear-sighted people in India, was probably forced upon Lord Auckland by the Melbourne Ministry, to whom it was recommended by the military authorities at home, among them the Duke of Wellington. The chief of Cabul had an army of 14,000 men, including 6,000 cavalry, with 40 field-pieces. His brothers held Candahar and the surrounding country, with a military force of 4,000 men and 50 guns. The British force assembled to support the claims of his opponent amounted to 28,000 men, aided by a contingent force of 6,000 Sikhs, furnished by the ruler of the Panjab, and about 5,000 troops raised by the Shah's eldest son. This combined force was called "the Army of the Indus." Under the chief command of Sir John Keane, it advanced to the town of Quetta, and thence to Candahar, which was occupied without opposition; and there, on the 8th of May, 1839, Shah Sujah was solemnly enthroned. After this the march was resumed towards Cabul. The fortress of Ghuznee, believed by the Afghans to be impregnable, was blown up and taken by storm. The invading army reached Cabul, and on the 7th of August the restored sovereign made his public entry into his capital. Having thus accomplished its mission, the Army of the Indus returned home, leaving behind a detachment of 8,000 men. For two years Shah Sujah and his allies remained in possession of Cabul and Candahar, Dost Mahomed having surrendered after having won a partial success over the British on the 2nd of November, 1840.

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introduction

THREE:The year 1818 commenced gloomily. On the 27th of January Parliament was opened by a Speech, drawn up for the Prince Regent, but read by the Lord Chancellor. The first topic was, of course, the severe loss which the country and the prince had sustained in the death of the Princess Charlotte. It was only too well known that the prince and his daughter had not for some time been on very cordial terms, the princess having taken the part of her mother; and the vicious and voluptuous life of the Regent did not probably leave much depth of paternal affection in his nature, which had originally been generous and capable of better things. It was remarked by Mr. Ward, afterwards Lord Dudley and Ward, that the mention of the princess "was rather dry��sulky, rather than sad." But the death of his only issue, and that at the moment that she might have been expected to give a continued succession to the Throne, was a severe blow to him. There was an end of all succession in his line. He stood now without the hopeful support which his daughter's affectionate regard in the country had afforded him, and he was ill able to bear the loss of any causes of popularity. He received a serious shock; and it was only by copious bleeding that he was saved from dangerous consequences; yet, so little was the depth of his trouble, that within three months of his loss he attended a dinner given by the Prussian ambassador, and entertained the company with a song.The affairs of England, menaced by invasion, were during this time compelling George to draw part of his forces homeward; it was, consequently, only the approach of winter which saved the towns of Flanders from the French. At the same time, the wily Prussian was in arms again, trusting to seize yet more of the Austrian territories, whilst the powerful ally of Maria Theresa was at once pressed by the fault of the Dutch and Austrians in Flanders, and at home by the Pretender. George, who, in spite of all remonstrances, had persisted, notwithstanding the domestic danger, in paying his annual visit to Hanover, was earnestly engaged, through Lord Harrington, in endeavouring to accomplish a peace between Prussia and Austria. Neither Frederick nor Maria Theresa, however, was in any haste to conclude peace. Frederick hoped to profit by the engagement of England with the French, and Maria Theresa held out, with some vague hopes of regaining Silesia through the money of England. But Frederick, on the 3rd of June, gained a decided victory over Prince Charles of Lorraine, throwing himself between the Austrians and the Saxons, whom the English subsidy had brought to their aid. In this battle of Hohen Friedberg the Austrians lost nine thousand men in killed and wounded, and had as many made prisoners. Prince Charles retreated into Bohemia, and was soon followed by Frederick, who fixed his camp at Chlum. Whilst another battle was impending, Maria Theresa, still undaunted, accompanied her husband to the Diet at Frankfort, where she had the satisfaction of seeing him elected Emperor of Germany on the 13th of September. The same month, however, her troops were again defeated by Frederick at Sohr, near the sources of the Elbe. The King of Prussia now offered to make peace, and Maria[92] Theresa rejected his overtures; but another victory over her combined army of Austrians and Saxons, which put Frederick in possession of Dresden, brought her to reason. A peace was concluded at Dresden on Christmas Day, by which Silesia was confirmed to Prussia, and Frederick, on his part, acknowledged the recent election of the Emperor Francis. King George had also entered into a secret treaty with Prussia; and Frederick, sending his army into winter quarters in Silesia, returned to Berlin, thence to ponder fresh schemes of aggrandisement.

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FORE:By this dispersion of the Spaniards the British battalions were wholly exposed, and the whole might of Soult's force was thrown upon them. A tremendous fire from the hills, where the Spaniards ought to have stood, was opened on the British ranks, and several regiments were almost annihilated in a little time. But the 31st regiment, belonging to Colborne's brigade, supported by Horton's brigade, stood their ground under a murderous fire of artillery, and the fiery charge of both horse and foot. They must soon have fallen to a man, but Beresford quickly sent up a Portuguese brigade, under General Harvey, to round the hill on the right, and other troops, under Abercrombie, to compass it on the left; while, at the suggestion of Colonel (afterwards Lord) Hardinge, he pushed forward General Cole with his brigade of fusiliers up the face of the hill. These three divisions appeared on the summit simultaneously. The advance of these troops through the tempest of death has always been described as something actually sublime. Moving onward, unshaken, undisturbed, though opposed by the furious onslaught of Soult's densest centre, they cleared the hill-top with the most deadly and unerring fire; they swept away a troop of Polish lancers that were murderously riding about goring our wounded men, as they lay on the ground, with their long lances.

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FORE:The success of the revolt against the French in Spain was certain to become contagious in Portugal. Junot was holding the country with an army of thirty thousand men, amongst whom there was a considerable number of Spanish troops, who were sure to desert on the first opportunity after the news from Spain. What Buonaparte intended really to do with Portugal did not yet appear. The conditions of the Treaty of Fontainebleau remained a dead letter. He had established neither the Queen of Etruria nor the Prince of the Peace in their kingdoms there. The likelihood was that, as soon as Spain was secure, he would incorporate Portugal with it. This seemed very probably his intention, from words that he let fall at an Assembly of Portuguese Notables, whom he had summoned to meet him at Bayonne. The Count de Lima, the president of the Assembly, opened it with an address to Napoleon, who listened with great nonchalance, and then said, "I hardly know what to make of you, gentlemen; it must depend on the events in Spain. And, then, are you of consequence sufficient to constitute a separate people? Have you enough of size to do so? What is the population of Portugal? Two millions, is it?" "More than three, sire," replied the Count. "Ah, I did not know that. And Lisbon��are there a hundred and fifty thousand inhabitants?" "More than double that number, sire." "Ah, I was not aware of that. Now, what do you wish to be, you Portuguese? Do you desire to become Spaniards?" "No!" said the Count de Lima, bluntly, and drawing himself up to his full height. Then Buonaparte broke up the conference.

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FORE:During the spring of 1794 the British, under Lieutenant-General Sir Charles Grey, took the French island of Martinique, in which attempt the Duke of Kent, father of Queen Victoria, distinguished himself. They also took St. Lucia, Guadeloupe, and its dependencies, Marie-Galante, Deseada, and the Saintes. But they were not so successful in assisting the French Royalists in St. Domingo to expel the Republicans. They beat the French in three successive battles, but[431] our troops were then attacked by the yellow fever. General Whyte made himself master of the French capital, Port-au-Prince; but General Dundas, who was appointed governor, was carried off by the fever, as also were numbers of the troops. The French general also fell a victim to the fever; but at this juncture arrived the Jacobin Commissioner, Victor Hugues, with a reinforcement of from fifteen hundred to two thousand men. He immediately assumed the command, proclaimed freedom to all the blacks, and the plunder of the Royalists. The Royalists, terrified, submitted, or only feebly supported their British allies, who were thereupon compelled to yield them to their fate. Hughes, one of the bloodiest of the French revolutionists, set the guillotine to work in the hands of the negroes. The Royalists were beheaded or fusilladed in troops, their houses burnt, and their estates ravaged. Before the end of the year this monster had reduced the island to a dreadful desert. In his ferocious fury, he had caused the very sick and wounded in the hospitals to be massacred, and the dead to be thrown out of their graves. Amongst these were the remains of General Dundas, and the other dead British officers, which were flung into the river. Hugues also recovered Guadeloupe, and perpetrated the same cruelties and abominations there.Here, then, our history of the political transactions of the reign of George III. terminates. That reign really terminated in 1811, with the appointment of the Regency, which continued the ruling power during the remainder of his life. From that date it is really the history of the Regency that we have been prosecuting. But this was necessary to maintain the unity of the narrative of that most unexampled struggle which was involving the very existence of every nation in Europe. Of all this the poor old, blind, and deranged king knew nothing��had no concern with it. The reins of power had fallen from his hands for ever: his "kingdom was taken from him, and given to another." He had lived to witness the rending away of the great western branch of his empire, and the sun of his intellect went down in the midst of that tempest which threatened to lay in ruins every dynasty around him. We have watched and detailed that mighty shaking of the nations to its end. The events of the few remaining years during which George III. lived but did not rule, were of a totally different character and belong to a totally different story. They are occupied by the national distresses consequent on the war, and the efforts for reform, stimulated by these distresses, the first[119] chapter of which did not close till the achievement of the Reform Bill in 1832.

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THREE:There were rumours of negotiations going on for a return of Pitt to power; but as Mr. Addington showed no disposition to resign altogether in favour of Pitt, these came to nothing. Already in the previous November Canning and Lord Malmesbury, two of Pitt's most zealous supporters, had set on foot an address to Addington begging him to resign. But this plan was abruptly stopped by Pitt himself, who felt that he was to a certain extent the creator of the Ministry. Now Addington made overtures to Pitt through Dundas, become Lord Melville. But his propositions were absurd. He stipulated that Greville and Windham, who had opposed the Peace of Amiens, should be excluded from the arrangements. He also wished that Pitt's brother, Lord Chatham, should be the nominal Prime Minister, while he and Pitt should be equal secretaries. At this, Pitt put a stop to the envoy's conversation. "Upon my word," he said afterwards, "I had not the curiosity to ask what I was to be." So England engaged in war, with her greatest statesman excluded from office.

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