TWO:Wilkes entered the Tower in all the elation of spirits which the occasion of acting the political hero inspired. He was soon visited by the Dukes of Bolton and Grafton, and Lord Temple, who, as well as his own friends, his solicitor, and counsel, were refused admittance. His house was entered, and his papers were seized and examined by Wood, the Under-Secretary of State, and Carteret Webb, the Solicitor to the Treasury. On the 3rd of May Wilkes was conveyed to the Court of Common Pleas, before Sir Charles Pratt, where his case was stated by Mr. Serjeant Glynn, and then Wilkes himself made a speech of an hour long. On the 6th of May he was brought up to hear the joint opinion of the judges, which was that, though general warrants might not be strictly illegal, the arrest of Wilkes could not be maintained, on account of his privilege as a member of Parliament; that nothing short of treason felony, and an actual breach of the peace, could interfere with that privilege, and that a libel could not be termed a breach of the peace. The judgment of the Bench, therefore, was that Mr. Wilkes be discharged from his imprisonment.This tragedy produced a painful sensation through the whole community. The facts brought to light at the trial had the effect of dissociating the Bristol outrages from the cause of Reform, with which they had no real connection. Still the leading anti-Reformers were extremely obnoxious to the people; and as men's minds became more and more heated, in reiterating demands for national rights, withheld by a faction, extreme opinions grew into greater favour. For example, a national political union was formed in London, and held a great meeting, at which Sir Francis Burdett presided. This body issued a manifesto, in which they demanded annual Parliaments, universal suffrage, and vote by ballot. This was a legitimate demand; but they broached more disputable topics when they proclaimed "that all property honestly acquired is sacred and inviolable; that all men are born equally free, and have certain natural and inalienable rights; that all hereditary distinctions of birth are unnatural, and opposed to the equal rights of man, and ought to be abolished; and that they would never be satisfied with any laws that stopped short of these principles." The union was proclaimed by Lord Melbourne, but continued to assemble. Altogether, the country was in a most dangerous crisis in the autumn of 1831.
THREE:
THREE:The distress which had pressed so severely on the people, and which had set them thinking about the most perilous political changes, was intimately connected with the state of the country. Throughout the troubled period of almost incessant war and lavish expenditure between 1797 and 1815, the business of the nation was carried on with an inconvertible paper currency, the precious metals having nearly all departed from the country. Bank notes were issued in such quantities, to meet the exigencies of the Government, that the prices of all commodities were nearly doubled. The Bill which was passed in 1819 providing for the resumption of cash payments had reduced the currency from 48,278,070, which was its amount in 1819, to 26,588,000, in 1822. The consequence was the reduction of prices in the meantime, at the rate of fifty per cent., in all the articles of production and commerce. With this tremendous fall of prices, the amount of liabilities remained unchanged; rents, taxes, and encumbrances were to be paid according to the letter of the contract, while the produce and commoditiesthe sale of which was relied upon to pay themdid not produce more than half the amount that they would have brought at the time of the contracts. The evil of this sudden change was aggravated by the South American Revolution, in consequence of which the annual supply of the precious metals was reduced to a third of its former amount. It was peculiarly unfortunate that this stoppage in the supply of gold and silver occurred at the very time that the Legislature had adopted the principle that paper currency should be regarded as strictly representing gold, and should be at any moment convertible into sovereigns. A paper currency should never be allowed[238] to exceed the available property which it represents, but it is not necessary that its equivalent in gold should be lying idle in the coffers of the Bank, ready to be paid out at any moment the public should be seized with a foolish panic. It is enough that the credit of the State should be pledged for the value of the notes, and that credit should not be strained beyond the resources at its command. The close of 1822 formed the turning-point in the industrial condition of the country. The extreme cheapness of provisions, after three years of comparative privation, enabled those engaged in manufacturing pursuits to purchase many commodities which they had hitherto not been able to afford. This caused a gradual revival of trade, which was greatly stimulated by the opening of new markets for our goods, especially in South America, to which our exports were nearly trebled in value between 1818 and 1823, when the independence of the South American Republics had been established. The confidence of the commercial world was reassured by the conviction that South America would prove an unfailing Dorado for the supply of the precious metals. The bankers, therefore, became more accommodating; the spirit of enterprise again took possession of the national mind, and there was a general expansion of industry by means of a freer use of capital, which gave employment and contentment to the people. This effect was materially promoted by the Small Note Bill which was passed in July, 1822, extending for ten years longer the period during which small notes were to be issued; its termination having been fixed by Peel's Bill for 1823. The average of bank-notes in circulation in 1822 was 17,862,890. In November of the following year it had increased by nearly two millions. The effect of this extension of the small note circulation upon prices was remarkable. Wheat rose from 38s. to 52s., and in 1824 it mounted up to 64s. In the meantime the bullion in the Bank of England increased so much that whereas in 1819 it had been only 3,595,360, in January, 1824, it amounted to 14,200,000. The effect of all these causes combined was the commencement of a reign of national prosperity, which burst upon the country like a brilliant morning sun, chasing away the chilling fogs of despondency, and dissipating the gloom in the popular mind.From this episode of fire and fanaticism we recur to the general theme of the war with Spain, France, and America, in which England was every day becoming more deeply engaged. From the moment that Spain had joined France in the war against us, other Powers, trusting to our embarrassments with our colonies and those great European Powers, had found it a lucrative trade to supply, under neutral flags, warlike materials and other articles to the hostile nations; thus, whilst under a nominal alliance, they actually furnished the sinews of war against us. In this particular, Holland, the next great commercial country to Britain, took the lead. She furnished ammunition and stores to the Spaniards, who all this while were engaged in besieging Gibraltar. Spain had also made a treaty with the Barbary States, by which she cut off our supplies from those countries. To relieve Gibraltar, Admiral Sir George Rodney, who was now appointed to the command of our navy in the West Indies, was ordered to touch there on his way out. On the 8th of January 1780, when he had been a few days out at sea, he came in sight of a Spanish fleet, consisting of five armed vessels, convoying fifteen merchantmen, all of which he captured. These vessels were chiefly laden with wheat, flour, and other provisions, badly needed at Gibraltar, and which he carried in with him, sending the men-of-war to England. On the 16th he fell in with another fleet off Cape St. Vincent, of eleven ships of the line, under Don Juan de Langara, who had come out to intercept the provisions which England sent to Gibraltar. Rodney had a much superior fleet, and the Spanish admiral immediately attempted to regain his port. The weather was very tempestuous, and the coast near the shoal of St. Lucar very dangerous; he therefore stood in as close as possible to the shore, but Rodney boldly thrust his vessels between him and the perilous strand, and commenced a running fight. The engagement began about four o'clock in the evening, and it was, therefore, soon dark; but Rodney, despite the imminent danger of darkness, tempest, and a treacherous shore, continued the fight, and the Spaniards for a time defended themselves bravely. The battle continued till two o'clock in the morning; one ship, the San Domingo, of seventy guns, blew up with six hundred men early in the action; four ships of the line, including the admiral's, of eighty guns, struck, and were carried by Rodney safe into port; two seventy-gun ships ran on the shoal and were lost; and of all the Spanish fleet only four ships escaped to Cadiz.
- Justine Goliyad
- Justine Goliyad
- Justine Goliyad