- Home
- new arrivals
FORE:The king, in his speech on opening Parliament, mentioned the fleets which we had dispatched to the West Indies and South America, and his determination to continue those armaments so as to bring Spain to reason. He professed to rely with confidence on our allies, although we had scarcely one left, whilst in the same breath he admitted the no longer doubtful hostility of France[74] at the very moment that our only allynamely, Austriawas calling on us for assistance, instead of being able to yield us any, should we need it. On the proposal of the address, the Opposition proceeded to condemn the whole management of the war. The Duke of Argyll led the way, and was followed by Chesterfield, Carteret, Bathurst, and others, in a strain of extreme virulence against Walpole, calling him a Minister who for almost twenty years had been demonstrating that he had neither wisdom nor conduct. In the Commons Wyndham was no longer living to carry on the Opposition warfare, but Pitt and Lyttelton more than supplied his place.It is impossible to conceive the extent of suffering and desolation inflicted upon society, almost every family being involved, more or less, in the general calamity. Flourishing firms were bankrupt, opulent merchants impoverished, the masses of working people suddenly thrown out of employment, and reduced to destitution; and all from causes with which the majority had nothing to docauses that could have been prevented by a proper monetary system. If Bank of England notes had been a legal tender, to all intents and purposes supplying the place of gold as currency; if these notes had been supplied to the country banks in any quantities they required, ample security being taken to have assets equal to their respective issues, then the currency would have had an elastic, self-adjusting power, expanding or contracting according to the requirements of commerce. Inordinate speculation would not have been stimulated by a reckless system of credit, and business would have been conducted in a moderate and judicious manner, instead of rushing on at a high pressure that rendered a crash inevitable. The Government, after anxious and repeated deliberations, supplied a remedy on this principle. They determined to issue one-pound and two-pound notes of the Bank of England, for country circulation, to any amount required. In the meantime the Mint was set to work with all its resources in the coining of sovereigns[244], which, for the course of a week, were thrown off at the rate of 150,000 a day. The notes could not be manufactured fast enough to meet the enormous demand for carrying on the business of the country. In this dilemma the Bank was relieved by a most fortunate discoverya box containing 700,000, in one- and two-pound notes that had been retired, but which were at once put into circulation. The people having thus got notes with Government security, the panic subsided, and the demand for gold gradually ceased. The restoration of confidence was aided by resolutions passed at a meeting of bankers and merchants in the City of London, declaring that the unprecedented embarrassments and difficulties under which the circulation of the country laboured were mainly to be ascribed to a general panic, for which there were no reasonable grounds; that they had the fullest confidence in the means and substance of the banking establishments of the capital and the country; that returning confidence would remove all the symptoms of distress caused by the alarms of the timid, so fatal to those who were forced to sacrifice their property to meet unexpected demands. The new measures so promptly adopted and so vigorously carried into effect, raised the circulation of the Bank of England notes in three weeks from 17,477,290 to 25,611,800. Thus the regular and healthful action of the monetary system was restored by an adequate circulation of paper money, on Government security, without specie to sustain it. There were at the time of the crash 770 country bankers; 63 stopped payment, 23 of them having subsequently resumed business, and paid twenty shillings in the pound; and even those that were not able to resume, paid an average of seventeen shillings and sixpence in the pound. It was estimated that the total loss to the country by this panic was one hundred million pounds.FORE:Prior to the Revolution the sums voted for the Civil List were granted without any specification as to whether they should be applied to the maintenance of the army, the navy, the civil government, or the household. The king got a lump sum for carrying on the government, defending the country, and supporting the royal dignity; and was allowed to apportion it according to his own discretionthe plan most agreeable to an arbitrary monarch. After the Revolution the expenses of the army and navy were separately voted, and the charges for civil government have been gradually removed from the Civil List. At the accession of William IV. these charges were reduced to the amount required for the expenses of the Royal Household, by the removal of the salaries of the judges, the ambassadors, and the Lord-Lieutenant of Ireland, together with a number of Civil List pensions. This fact should be borne in mind in connection with the sums on the Civil List of former Sovereigns. For example: William III., Anne, and George I. had 700,000 a year; George II. and George III., 800,000; George IV., 850,000; William IV., 500,000; Queen Victoria received 385,000. The application was thus limited: Privy Purse, 60,000; household salaries and retired allowances, 131,260; household expenses, 172,500; royal bounty, alms, and special services, 13,200; leaving an unappropriated balance of upwards of 8,000 to be employed in supplementing any of the other charges, or in any way her Majesty thought proper. The Pension List was limited to 1,200 per annum, and the incomes from the Duchies of Lancaster and Cornwall, estimated at 50,000 a year, were secured to the Crown. Economists grumbled about the magnitude of these allowances, and Lord Melbourne was accused of being over-indulgent to the youthful Sovereign; but her immense popularity silenced all murmurers, and the nation felt happy to give her any amount of money she required.FORE:The safety of the prisoners diffused universal joy throughout the camps of the two generals; but there was one thing necessary, in their opinion, in which the Government concurred, in order to give the crowning proof of our complete triumph, and to restore the unquestionable supremacy of our power, and compel the respect and fidelity of the neighbouring provinces. This was the signal punishment of Cabul for the atrocities that had been perpetrated there. The hostile chiefs were now as eager to conciliate, as submissive in their tone as they had been cruel and arrogant. Even Akbar Khan professed the greatest friendship for the British, and repudiated the acts that had been done in his name, at the same time restoring to his friends Captain Bygrave, the last prisoner he had in his possession. The Afghans had a maiden fortress in the town of Istalif, which is built upon two ridges of the spur of Hindoo Koosh, which forms the western boundary of the beautiful valley of Kohistan. There, in its fortified streets and squares, as in a safe asylum, they had collected their treasures and their women. The sagacious Havelock suggested that the capture of this place, believed to be impregnable, would be a great stroke of policy. General M'Caskill, therefore, made a rapid march upon it, and after a desperate struggle, in which Havelock greatly distinguished himself, the place was stormed in gallant style, the Afghans in every direction giving way before our attacking columns.
- TUXEDO
FORE:SIR RICHARD STEELE.FORE:The prisoners were at once sent to Richmond[532] Bridewell, on the South Circular Road, where the Governor did all in his power to make them comfortable. Good apartments were assigned to them. They dined together every day, and they were permitted to receive, without restriction, the visits of their friends and admirers. The Government was the less disposed to interfere with these indulgences, as their object was not so much punishment as prevention, and besides, the traversers had appealed against the sentence. A majority of the twelve English judges affirmed the judgment of the Court of Queen's Bench, while condemning the counts on which the Irish court relied. An appeal was then made to the House of Lords. The decision was left to the five law lordsLyndhurst, Brougham, Cottenham, Denman, and Campbell. The first two were for a confirmation of the judgment, the last three for reversal. Lord Denman, in pronouncing judgment, said, referring to the tampering with the panel, "If such practices as had taken place in the present instance in Ireland should continue, the trial by jury would become a mockery, a delusion, and a snare," a sentence which was hackneyed by repetition for years afterwards. The news of the reversal reached Dublin on the afternoon of the 5th of September. Great crowds had assembled on the pier at Kingstown, and tremendous cheers broke forth from the multitude when the Holyhead packet approached, and they saw held up a white flag, with the inscription, "Judgment reversed by the House of Lords. O'Connell is free!" The news was everywhere received by the Roman Catholics with wild excitement.
Accessories
Footwear
- SWEATER
Clothing
Accessories
Footwear
- SHOES
Clothing
Accessories
Footwear
- GLASSES
Clothing
Accessories
Footwear
- T-SHIRT
Clothing
Accessories
Footwear
- WATCHES
Clothing
Accessories
Footwear
