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THE SOUTH SEA BUBBLE. (After the Picture by E. M. Ward, R.A., in the National Gallery, London.)Lord Redesdale in a letter to Lord Eldon, written in 1821, soon after the king's visit, gave expression to some important truths about the Government of Ireland. "Ministers," he said, "have fancied that Ireland would do better without a Lord-Lieutenant, and some of them have called his office a useless pageant, but under the present circumstances they would govern the colonies as well without governors as they can govern Ireland without that pageant. If the pageant is useless, it is because they make it useless, because they give him a Secretary to thwart him, or to be a viceroy over him. The office of Lord-Lieutenant requires, in my opinion, a considerable portion of ability, sound judgment, discretion, firmness, good temper, and conciliating[246] manners. Such a Lord-Lieutenant ought to be supreme. If Ministers think fit to appoint to such an office a man wholly unqualified for it, they must put him in leading-strings, and give him a Secretary with all the qualities the Lord-Lieutenant ought to have; and, moreover, with a disposition to conceal rather than display his power over his superiorto lead, and not to command, the Lord-Lieutenant. In England the machine goes on almost of itself, and therefore a bad driver may manage it tolerably well. It is not so in Ireland. The country requires great exertion to bring it into a state of order and submission to law. The whole populationhigh and low, rich and poor, Catholic and Protestantmust all be brought to obedience to law; all must be taught to look up to the law for protection. The gentry are ready enough to attend grand juries, to obtain presentments for their own benefit, but they desert the quarter-sessions of the peace. The first act of a constable in arrest must not be to knock down the prisoner; and many, many reforms must be made, which only can be effected by a judicious and able Government on the spot. Ireland, in its present state, cannot be governed in England. If insubordination compels you to give, how are you to retain by law what you propose to maintain while insubordination remains? It can only be by establishing completely the empire of the law."The population of Great Britain had thus rapidly increased, and the condition of the people had improved, notwithstanding heavy taxation, and the burden of an enormous National Debt, incurred by one of the most protracted and expensive wars on record, which strained the national energies to the uttermost. How vast, then, must have been the national resources by which all demands were met, leaving the State stronger and wealthier than ever! The extent of these resources is shown in some measure by the amount of our exports. The total declared value of all British and Irish produce and manufactures exported in 1831 was 37,164,372; in 1841 the value of exports had increased to 51,634,623, being at the rate of 38?9 per cent. Another example of the greatly increased commerce of the country is afforded by the returns of shipping. In 1831 the number of ships, British and foreign, engaged in the colonial and foreign trades was 20,573, of which the total tonnage amounted to 3,241,927. In 1841 the number of ships had increased to 28,052, and the tonnage to 4,652,376, giving an increase of 43 per cent. In the former year the tonnage employed in our coasting trade amounted to 9,419,681; in the latter it had increased to 11,417,991, showing an increase of 20 per cent. But other indications of national wealth were referred to by the Census Commissioners of 1841. During the same period the accumulations in savings-banks were very large, and went on increasing. In 1831 there were nearly 500,000 depositors, whose deposits amounted to about 14,000,000. In 1841 it was found that both the depositors and the amount deposited had very nearly doubled. From the[418] proceeds of the property tax, which in 1815 was about 52,000,000, and in 1842 over 82,000,000, an estimate has been formed, in the absence of returns, for the years 1831 and 1841, which sets down the increase of real property during that period as not less than from 20 to 25 per cent. In 1815 the annual profits of trades in England and Wales were assessed at 35,000,000 in round numbers, and in 1841 they had increased to 50,000,000. During the decennial period, 1831-41, legacy duty had been paid upon a capital of about 423,000,000, or more than one-half the aggregate amount upon which the duty had been paid in the thirty-four preceding years. The stamp duties, also, upon probates of wills and letters of administration in the United Kingdom amounted to upwards of 1,000,000, having increased in ten years at the rate of 10 per cent.
ONE:Besides this, there remains a number of other lawyers, amounting, in the whole, to thirty-four, bought up at from four and five hundred to six and eight hundred a year.
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Bolingbroke was now Prime Minister, and he hastened to arrange his Cabinet entirely on Jacobite principles. So far as he was concerned, the country was to be handed over to the Pretender and popery on the queen's death. He would not run the risk of a new antagonist in the shape of a Lord Treasurer, but put the Treasury in commission, with Sir William Wyndham at its head. The Privy Seal was given to Atterbury; Bromley was continued as the other Secretary of State; and the Earl of Mar, the rankest of Jacobites, was made Secretary of State for Scotland. Ormonde, long engaged in the Pretender's plot, was made Commander-in-Chiefa most significant appointment; Buckingham was made Lord President, and Harcourt Lord Chancellor. As for the inferior posts, he found great difficulty in filling them up. "The sterility of good men," wrote Erasmus Lewis to Swift, "is incredible." Good men, according to the unprincipled Bolingbroke's notions, were not to be found in a hurry. There were plenty of candidates ready, but it may give an impressive notion of the state of that party, that there was scarcely a man beyond those already appointed whom Bolingbroke could trust. The Cabinet never was completed. What his own notions of moral or political honesty were, may be imagined from the fact that he did not hesitate to attempt a coalition with the Whigs. He gave a dinner-party at his house in Golden Square to Stanhope, Walpole, Craggs, General Cadogan, and other leaders; but though Walpole, when Minister himself, boasted that every man had his price, Bolingbroke had not yet discovered Walpole's price nor that of his colleagues. They to a man demanded, as a sine qua non, that the Pretender should be compelled to remove to Rome, or to some place much farther off than Lorraine, and Bolingbroke assured them that the queen would never consent to such a banishment of her brother. Nothing but the lowest opinion of men's principles could have led Bolingbroke to expect any other result from these Whig leaders. Perhaps he only meant to sound their real views; perhaps only to divert public attention from his real designs, which the very names of his coadjutors in the Ministry must have made patent enough to all men of any penetration. The very same day that he thus gave this Whig dinner he assured Gualtier that his sentiments towards "the king" were just the same as ever, provided his Majesty took such measures as would suit the people of England. Time only was wanting for this traitor-Minister to betray the country to its old despotisms and troubles; but such time was not in the plans of Providence. The end of Anne was approaching faster than was visible to human eyes; but the shrewd and selfish Marlborough had a pretty strong instinct of it, and was drawing nearer and nearer to the scene of action, ready to secure himself whichever way[22] the balance inclined. He was at Ostend, prepared to pass over at an hour's notice, and to the last moment keeping up his correspondence with the two Courts of Hanover and Bar-le-duc. Both despised and suspected him, but feared him at the same time. Such was still his influence, especially with the army, that whichever party he adopted was considered pretty sure to succeed. That it was likely to succeed was equally certain before Marlborough did adopt it. Lockhart of Carnwath, one of the most active and sagacious Jacobites, and likely to be in the secrets of the Jacobite party, says that the Pretender, to test the sincerity of Marlborough, asked the loan of one hundred thousand pounds from him, as a proof of his fidelity. He did not abide the test, but soon afterwards offered twenty thousand pounds to the Electoral Prince, to enable him to come over to England. The moment that Marlborough was prepared, with his deep-rooted love of money, to do that, it might be certainly pronounced that he was confident of the success of the Hanoverians.When the intense agitation had in some degree subsided, Fox rose and proposed the mode in which the trial should be conducted, which was that the evidence on both sides should be gone through on each separate charge, and that charge immediately decided, whilst all the facts were fresh in the minds of the lords, who were the judges. But this was opposed by the counsel of Hastings, who knew well the advantage of leaving the decision till the vivid impression of the events was worn off. They succeeded in carrying their object, and when the trial terminated eight years afterwards, the result was quite according to their hopes. The Managers complained loudly, but there was no remedy. Fox, therefore, proceeded to open the Benares case, which occupied[343] five hours. Grey took it up, and completed it the next day. Several succeeding days were employed in reading papers and hearing witnesses, and then Anstruther summed up and commented on the charge.The affair was now becoming serious, and Hastings demanded to be heard at the bar, where he appeared on the 1st of May, and read a long and wearisome defence, which did not go to a denial of the charges, but a justification of them, from the need of money to save India, and from the approbation awarded to these actions both in India and at the India House. On the 1st of June Burke brought forward his first chargethe Rohilla war. The debate was not finished till seven o'clock on the morning of the 3rd. The motion was rejected by one hundred and nineteen against sixty-seven, and it was fondly hoped that the proceedings against Hastings were altogether crushed. Lord Thurlow advised the king to carry out his intention to make Hastings Baron Daylesford, and the talk in the clubs and West End assemblies was the triumph of Hastings. But the rejoicing was premature. On the 13th of June Fox took up the second chargethe treatment of Cheyte Sing and Francis, with all the bitterness of his character, and of his hatred of Hastings, supported it. So black were the facts now produced that Pitt was compelled to give way. He defended the Governor-General for calling on Cheyte Sing to contribute men and money for the war against Mysore; he lauded the firmness, decision and ability of Hastings, but he was forced to admit that he had been excessive in his demands, and must support the charge.The Viennese repeatedly sent petitions and deputations imploring him in vain to return; and it was not till the 8th of August that he consented to quit the safe asylum he had chosen. Personally he had nothing to apprehend. He was amiable and kind, and wanted both the ability and energy to make himself feared. It was not at Vienna alone, or in the Austrian province, that the imperial power was paralysed. Every limb of the vast empire quivered in the throes of revolution. Two days after the outbreak in Vienna a great meeting, convoked anonymously, was held at Prague, the capital of Bohemia, which passed resolutions demanding constitutional government; perfect equality in the two racesGerman and Czech; the union of Bohemia, Moravia, and Silesia, with a common Diet to meet alternately at Prague and Brünn; that judicial proceedings should be public; that there should be a separate and responsible government at Prague, with security for personal liberty; free press, and religious equality. A deputation was sent with these demands to Vienna. They were all granted; Bohemia was recognised as having a distinct nationality; the Prince Francis Joseph, afterwards Emperor of Austria, having been appointed Viceroy. Even so Slav ambition was unsatisfied, and Prague had to be bombarded by the Austrian troops.De Crillon, seeing that his bombardment from shore produced little effect, determined to make the attack also from the sea. Amongst the multiplicity of inventions which the offered rewards had produced, the Chevalier D'Arcon, a French engineer, had produced a scheme which excited the most confident expectations. The plan was to construct ten monster floating batteries of such capacity that they should carry the heaviest artillery, and so made and defended that they could be neither sunk nor burnt. Loud was the clangour of hammer and saw, and, as the secret could not be long preserved, equally busy was the garrison within, preparing furnaces, and laying ready huge piles of balls, to be discharged red-hot at these machines as soon as they arrived. To constitute the intended batteries, ten large ships of from six hundred to one thousand four hundred tons burden were cut down, and made bombproof on the top. They were to be prevented from sinking by the enormous thickness of the timber in their bottoms, and their sides, which were to be six or seven feet thick, bolted, and covered with raw hides. They were to be rendered more buoyant by thicknesses of cork, and the interstices were to be filled with wet sand to prevent combustion. There were to be plentiful supplies, by means of pumps, pipes, and cisterns, of water, everywhere, to put out fire, for they seem to have been aware of the burning balls that were being prepared for them.
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