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TWO:The effect of steam communication between Great Britain and Ireland was to increase very greatly the traffic of those countries. It has been stated that in order to save the salaries of one or two junior clerks, it was determined to cease keeping any official records of this traffic, with the exception of grain and flour. In the absence of such records we can only arrive at an approximation to the quantity and value of the exports and imports. It was, however, estimated by persons acquainted with the subject, that the quantity of agricultural produce imported into Liverpool alone in 1832 was worth four millions and a half sterling; and this produce consisted chiefly of live stockhorses, sheep, and pigswhich could not have been so profitably brought over by sailing vessels. The value of agricultural produce brought to the port of Bristol from Ireland in the same year was one million sterling. The total value of all sorts of live animals brought from Ireland to Liverpool in 1837 was 3,397,760. One of the most curious items in the traffic is the egg trade. In the course of the year 1832 no less than 100,000 was paid for Irish eggs in Liverpool and Bristol alone. Looking at the whole traffic between the two islands, we perceive that the amount of tonnage employed in 1849 was 250 per cent. more than it was in 1801. Up to 1826 the increase was not so rapid as subsequently, it being then only 62 per cent. on the whole period, showing an annual increase of 2-2/5 per cent., whereas for the quarter of a century that followed, the increase was 188 per cent., the annual increase being 8 per cent.
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TWO:[See larger version]During the recess a violent quarrel had been going on in the City, which showed the[205] disorganisation of the Opposition. Wilkes had offered himself as sheriff; but Alderman Oliver, who had lately been in prison for his bold conduct in the affair of Miller, the printer, had refused to support the claim of Wilkes. In fact, not only he, but the Lord Mayor, Alderman Townshend, and Sawbridge, were beginning to see through Wilkes. Oliver went furtherhe refused to serve as the other sheriff with Wilkes. Government availed itself of these divisions to defeat the election of Wilkes. Alderman Bull became the second candidate with Wilkes, and Government induced their party in the City to nominate Aldermen Plumbe and Kirkman in opposition to them. Wilkes would probably have been defeated, especially as Oliver finally came forward, supported by all the eloquence and exertions of John Horne. But, fortunately for Wilkes and his fellow-candidate, Bull, a letter sent by the Government agent to a Mr. Smith in the City was misdelivered to another Mr. Smith, a supporter of Wilkes and Bull, announcing the exertions that Government would make in support of their men, Plumbe and Kirkman. This letter was immediately published, and, alarming all the enemies of Government, made them rally round Wilkes and Bull, who were accordingly elected.
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TWO:Mr. Charles Ormsby, counsel to commissioners, value 5,000
TWO:CALVI, CORSICA.
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TWO:In the course of this commercial madness the imports greatly exceeded the exports, and there was consequently a rapid drain of specie from the country. The drain of bullion from the Bank of England was immense. In August, 1823, it had 12,658,240, which in August, 1825, was reduced to 3,634,320, and before the end of the year it ran as low as 1,027,000. Between July, 1824, and August, 1825, twelve millions of cash were exported from Great Britain, chiefly to South America. During the Revolutionary war, which had lasted for fourteen years, the capital of the country had been completely exhausted, while all productive labour had been abandoned. The unworked mines were filled with water. They were accessible, it is true, to English speculators, but they were worked exclusively with English capital. The South American mining companies were so many conduits through which a rapid stream of gold flowed from Great Britain. The catastrophe that followed took the commercial world by surprise; even the Chancellor of the Exchequer failed to anticipate the disaster. On the contrary, his Budget of 1825 was based upon the most sanguine expectations for the future, and on the assurance that the public prosperity was the very reverse of what was ephemeral and peculiar, and that it arose from something inherent in the nation. Even at the prorogation of Parliament in July, the Royal Speech referred to the "great and growing" prosperity on which his Majesty had the happiness of congratulating the country at the beginning of the Session. The commercial crisis, however, with widespread ruin in its train, was fast coming upon Britain. Vast importations, intended to meet an undiminished demand at high prices, glutted all the markets, and caused prices to fall rapidly. Merchants sought accommodation from their bankers to meet pressing liabilities, that they might be enabled to hold over their goods till prices rallied. This accommodation the bankers were unable to afford, and sales were therefore effected at a ruinous loss. The South American mines, it was found, could not be worked at a profit, and they made no return for the twenty million pounds of British money which they had swallowed up. The effect was a sudden contraction of the currency, and a general stoppage of banking accommodation. The country banks, whose issues had risen to 14,000,000, were run upon till their specie was exhausted, and many of them were obliged to stop payment. The Plymouth Bank was the first to fail, and in the next three weeks seventy banks followed in rapid succession. The London houses were besieged from morning to night by clamorous crowds, all demanding gold for their notes. Consternation spread through all classes. There was a universal pressure of creditors upon debtors, the banks that survived being themselves upon the edge of the precipice; and the Bank of England itself, pushed to the last extremity, peremptorily refused accommodation even to their best customers. Persons worth one hundred thousand pounds could not command one hundred pounds; money seemed to have taken to itself wings and fled away, reducing a state of society in the highest degree artificial almost to the condition of primitive barbarism, which led Mr. Huskisson to exclaim, "We were within twenty-four hours of barter."The next day tempest scattered the approaching transports. Sir John thought the storm sufficient excuse for not pursuing; but the winds followed the invaders, and blowing directly from London towards Dunkirk, dispersed the French transports, sank some of the largest of them with all their men, wrecked others on the coast, and made the rest glad to recover their port. Charles waited impatiently for the cessation of the tempest to put to sea again, but the French ministers were discouraged by the disaster, and by the discovery of so powerful a British fleet in the Channel. The army was withdrawn from Dunkirk, Marshal Saxe was appointed to the command in Flanders, and the expedition for the present was relinquished.

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Whilst the French armies had been carrying bloodshed and misery into the countries around them, their brethren at home had been equally[436] busy in pushing forward those mutual hatreds which appeared likely to end in the extermination of the whole race of revolutionists. The Girondists being destroyed, new divisions showed themselves in those who had hitherto been alliesRobespierre and his coadjutors. Hbert, Chaumette, Clootz, Ronsin, and others, began to raise their heels against their chief, and their chief doomed every one of them to the guillotine. His most important victim was Danton, a man by no means contemptible (guillotined April 5th, 1794).The procession, on its return, presented a still more striking appearance than before, from the circumstance that the Queen wore her crown, and the royal and noble personages their coronets. The mass of brilliants, relieved here and there by a large coloured stone, and the purple velvet cap, became her Majesty extremely well, and had a superb effect. The sight of the streets "paved with heads," and the houses alive with spectators, was most impressive. The Queen entertained a party of one hundred at dinner, and in the evening witnessed, from the roof of her palace, the fireworks in the Green Park. The Duke of Wellington gave a grand banquet at Apsley House, and several Cabinet Ministers gave official State dinners next day. The people were gratified, at the solicitation of Mr. Hawes, M.P. for Lambeth, with permission to hold a fair in Hyde Park, which continued for four days, Thursday, Friday, Saturday, and Monday. The area allotted comprised nearly one-third of the park, extending from near the margin of the Serpentine river to a line within a short distance of Grosvenor Gate. To the interior there were eight entrances, the main one fifty feet wide, and the others thirty feet each. The enclosed area was occupied by theatres, taverns, and an endless variety of exhibitions, the centre being appropriated to lines of stalls for the sale of fancy goods, sweetmeats, and toys. The Queen condescended to visit the fair on Friday. The illuminations on the night of the coronation were on a larger and more magnificent scale than had been before seen in the metropolis, and the fireworks were also extremely grand. All the theatres in the metropolis, and nearly all the other places of amusement, were opened gratuitously that evening by her Majesty's command, and though all were crowded, the arrangements were so excellent that no accident occurred. In the provinces, rejoicing was universal. Public dinners, feasts to the poor, processions, and illuminations were the order of the day. At Liverpool was laid the first stone of St. George's Hall, in presence of a great multitude. At Cambridge 13,000 persons were feasted on one spot, in the open field, called Parker's Piece, in the centre of which was raised an orchestra for 100 musicians, surrounded by a gallery for 1,600 persons. Encircling this centre were three rows of tables for the school children, and from them radiated, like the spokes of a wheel, the main body of the tables, 60 in number, and 25 feet in length. Beyond their outer extremity were added 28 other tables, in a circle; and outside the whole a promenade was roped in for spectators, who were more numerous than those who dined. The circumference of the whole was more than one-third of a mile. Other great towns similarly distinguished themselves.[265]
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