Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1864-08-13

for the storm which dispersed the feet the
revolt must have been successful. ~. 49,.
s In the same year the naval power OF
England was threatened with dissolution
by q vide spread riuiny ID the fleet
Ship after ship deserted the feet of Csdiz
and 10 the Moth sea- The channel feet
ran up the flag Of ihutiny from almost ev-
cry masthead, and we're drawn up 10 lioe
OF battle across the mouth of the Thames,
prepared 10 bombard London IL the de.
mands OF the muiineers were not acceeded
to. 1t required all The 6rmness of the
king and bis Government to save the ci.y
aud the navy. In 1907, oppressed With
financial disaster, the Bank Of England stis.
pended specie payment, and paper money
an immense circulation of which crowded
the country was the legal currency, for
twenty two years thereafter. Iu that
6ftb year of the war, Alison says: .s ,,...
Everything seetied to be failing at once
Their armies had been defeated, the baDh had
suspended payment and now the fleet, the pride
aud glory Of England, appeared on the point Of
deserving the national colors. = .ry
Public creditors apprehepded the speedy
dissolution aud the cessation of their wonted
DdynpUtS tTOUi iu6 tTthSuTJs DbSpulT SeIHeu
upon the boldest hearts, ard such was the gen.
eral panic that the three per cents were as low
as forty fve after having been nearly one hun.
dred before the opening of the war. Never
during The whole contest had the CONSERVATION
been so great and never was Britain 80 near
The verge of ruin. '--yol4 A, page 236 g.I =.
all this time France with frenSied activ
ity and enormous power, was dealing her
In 81;
Fox was leading powerful opposition
against the Government. (Though we
have no Pitt to lead us, we have at least
no Fox to lead our enemies in this Con-
gsess.) The record of their divisions would
answer for otir own. Alison says:
$50 violent had party spirit become; and so
completely had il usurped the place Of patriot
ism and reason; that many OF the popular leaders
had come TO wish onziously for the triumph OF
their enemies. 1t was not sirtiple disapproi
baton OF the war which they felt, but fervent
desire that it might terminate 10 the dsadvant-
age Of their country, and that the republican
might triumph over British arms. They
thought there as no chance Of any parliament.
aryireforE being carried, or any considerable ada
dition of democratic power acquired, unless the
ministry were dispossessed and to accomplish
this object they hesitated not to betray their
wish for the success Of the mobocratic enemy
of the country. These animosties produced
their usual effects of rendering the moderate or
rational equally odious to both parties: Who
ever deplored the war was reputed enemy of his
country, whoever pronounced 1t unnecessary
was deemed conspirator against liberty, and
an abettor of arbitrary wer."-Volume 4
page 14l.
Again such an opposition and such dis
couragements, the like Of which we have
not yet seen, England with brave king, q
wise ministry. and courageous Parliament,
rose to the level of the great occasion, pas
sed laws both for volunteering and draft
filled the ranks of her army aud navy tc
more than three hundred and fifty thousand
men, poured out her wealth with lavist
hand. renewed the great contest, aud con
tinued it, not four years, but five time
four years longer.
But England saw darker days than thos
Of 1871 In the beginning of 1912 Napo
leon had risen to the height of his marvel
ous power The continent of Europe wa
at his feet BY vic orious diplomacy ant
more victorious war be bad founded an em
pire which seemed to defy human power t
successfully assal it, Every coali iot
against him had been broken every alliance
had failed More than half the nations o
Europe followed his conquering eagles
From the Yistula to the pillars of Hercules
except the rocky triangle of the Torre
Vedras. where Wellington held at bs.
i've times bis number under great marsha
of France, the content presented an un
broken front against England. Russia re
mained in frozen isolation, spectator c
The contest. Ouly Prussia and Austri
followed the head of England. 2, -.+3.
Let us consider her condition at this 81
cond crisis of her fate Her population, il
cludiug Ireland, was about seventeen mi
lions. Her debt had been more ihan trot
led since the beginning of the war, and no
reached the enormous sum of 81 ,000. 600
900. Specie payments being still suspend
ed, her paper currency was more than eve
expanded Ia the beginning Of the wa
she raised from her mlues and coined an
nualIy about $50, 600. 900 in gold. Blu
ihe revolution which swept over Sont
America had stopped the working of th
mines, so that before the close of the wa
the annual British coinage was less thai
$l2,000,00C. Her navy was crippled b.
the war, her commerce ruined by the Frenc
DEGREES and the non Importation act of tb
United States Her imports exceeded he
exports by $65, ,OOO, 900, and the balanc
was paid in gold. For two years be
harvest had failed, and in 1919 she pai
$2l 100000 in gold, for foreign grain t
feed her people at home. r.l,4'l =. .
Iu that year alone be- exports decline,
$I40, 900, 00V. The heavy subsidies to he
allies and the payments to her own armie
on the Continent we're to be made ia golG
In 1919 she sent $50, 900. 900 in gold fo
which she paid thirty per cent. premium
to Wellington's army on the Peninsula
Her bonds had SO deprecated that lca
of ESQ increased her debt &l00. A shor
time previoas, in the midst Of increasin
disaster, the reason OF the king gave way
aud he sat lunatic on the throne of kinl
dom which seemed ready to go down wi
him in the general ruin. This event adde
a new and complicated question to the di
trac ions OF Parliament, aud gave q ne
weapon to the Opposition.
1t is unnecessary for my present purpose