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FORE:When the subsidy to Hesse-Cassel was sent home to receive the signatures of the Cabinet, it was found to amount to an annual payment by England of one hundred and fifty thousand crowns, besides eighty crowns to every horseman, and thirty crowns to every foot soldier, when they were really called out to service. That to Russia was immensely greater; then came in prospective that to Saxony, to Bavaria, etc. These latter States had been fed all through the last few years for doing nothing, and now demanded vastly higher terms. Yet when the Hessian Treaty was laid on the Council table by the compliant Newcastle, Ministers signed it without reading it. Pitt and Fox, however, protested against it; and when the Treasury warrants for carrying the treaty into execution were sent down to Legge, the Chancellor of the Exchequer, he refused to sign them.

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FORE:His arguments seemed to satisfy the Home Government, and a large force was sent from Agra to Gwalior, under Sir Hugh Gough, then Commander-in-Chief of India, as successor of Sir Jasper Nicholls. So much interest did Lord Ellenborough feel in this invading expedition that it was accompanied by him in person. The Mahrattas of course prepared to defend themselves. They were met at Maharajpore. After a severe struggle, in which the enemy were bayoneted at their guns, and a series of bloody conflicts had taken place in the streets, the British were victorious, and got possession of twenty-eight guns, with the key of the enemy's position. The battle, however, was not over when this vantage ground was gained; for though the enemy had fallen back, they were prepared for a desperate resistance in other less favourable positions. A general attack was then ordered. Brigadier Scott, at the head of the 10th Light Horse, and Captain Grant, with his Horse Artillery, had scattered their cavalry which covered the extreme right. General Vaillant then led on the 40th Queen's, and successively gained three strong positions, which the enemy defended with the utmost firmness and courage, not quitting their guns till they were cut down by their fierce assailants. In this attack they lost six regimental standards. The 2nd Native Infantry also acted bravely on this occasion. The 39th Queen's also made an impetuous attack, and the result was that the enemy were driven from all their entrenchments in utter confusion, with the loss of nine standards and sixty-four guns. Seven of our officers were killed on the spot or wounded mortally. Our total loss was 106 killed, and 684 wounded. The Commander-in-Chief wrote in his despatch:��"I regret to say that our loss has been very severe��infinitely beyond what I calculated upon. Indeed, I did not do justice to the gallantry of my opponents." It was a loss certainly almost unprecedented in Indian warfare, and it is remarkable that this misfortune repeatedly occurred while Lord Gough was Commander-in-Chief. Lord Ellenborough, with his suite, was rash enough to be under fire during part of the engagement. The loss of the enemy was estimated at 3,000. Major-General Gray, with only 2,000 men, on the same day won a victory over 12,000 of the Mahrattas, in the fortified village of Mangor, about twelve miles from Gwalior. Here, too, the loss of the victors was very heavy, more than a tenth of the little army having fallen.The Reformers made repeated and strenuous efforts to obtain a parliamentary expression of the desirableness of this country refraining from interfering with the internal affairs of France, and of making specific arrangements with that country. Earl Stanhope made such a motion in the Lords[441] on the 6th of January, and the Duke of Bedford made a similar one on the 27th of February. Lord Grey had moved the same thing on the day before, but all these endeavours were rendered abortive by Pitt's standing majority. It was replied that France had no government that could be treated with, and Lord Mansfield asserted that we had a right to interfere in the internal affairs of any country that acted on principles dangerous to its neighbour. Fox, on the 24th of March, moved for a committee of the whole House to inquire into the state of the nation, but this was rejected on the ground that the times were too critical, and Canning adduced the condition of Ireland, just on the verge of rebellion, as a sufficient cause for not ascertaining our actual state.

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FORE:The South Sea Company had immediately on the passing of the Bill proposed a subscription of one million, and this was so eagerly seized on that, instead of one, two millions were subscribed. To stimulate this already too feverish spirit in the public, the Company adopted the most false and unjustifiable means. They had eight millions and a half to pay over to Government as a douceur for granting them the management of the Funds; and, therefore, to bring this in rapidly, they propagated the most lying rumours. It was industriously circulated that Lord Stanhope had received overtures at Paris to exchange Gibraltar and Port Mahon for invaluable gold lands in Peru! The South Sea trade was vaunted as a source of boundless wealth in itself. In August the stock had risen from the one hundred and thirty of the last winter to one thousand! Men sold houses and land to become shareholders; merchants of eminence neglected their affairs and crippled their resources to reap imaginary profits. The Company flattered the delusion to the utmost. They opened a third, and even a fourth subscription, larger than the former, and passed a resolution that from next Christmas their yearly dividend should not be less than fifty per cent.! In labouring to increase the public delusion they seem to have caught the contagion themselves, for they began to act, not like men who were blowing a bubble which they knew must speedily burst, but like persons who had mounted permanently into the very highest seat of prosperous power. They assumed the most arrogant and overbearing manner, even towards men of the highest station and influence. "We have made them kings," said a member of Parliament, "and they deal with everybody as such."

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FORE:

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