The History of England, from the Accession of James II — Volume 4

At Oxford he was received with great pomp, complimented in a Latin oration, presented with some of the most beautiful productions of the Academic press, entertained with music, and invited to a sumptuous feast in the Sheldonian theatre. He departed in a few hours, pleading as an excuse for the shortness of his stay that he had seen the colleges before, and that this was a visit, not of curiosity, but of kindness. As it was well known that he did not love the Oxonians and was not loved by them, his haste gave occasion to some idle rumours which found credit with the vulgar. It was said that he hurried away without tasting the costly banquet which had been provided for him, because he had been warned by an anonymous letter, that, if he ate or drank in the theatre, he was a dead man. But it is difficult to believe that a Prince who could scarcely be induced, by the most earnest entreaties of his friends, to take the most common precautions against assassins of whose designs he had trustworthy evidence, would have been scared by so silly a hoax; and it is quite certain that the stages of his progress had been marked, and that he remained at Oxford as long as was compatible with arrangements previously made.

620

He was welcomed back to his capital by a splendid show, which had been prepared at great cost during his absence. Sidney, now Earl of Romney and Master of the Ordnance, had determined to astonish London by an exhibition which had never been seen in England on so large a scale. The whole skill of the pyrotechnists of his department was employed to produce a display of fireworks which might vie with any that had been seen in the gardens of Versailles or on the great tank at the Hague. Saint James's Square was selected as the place for the spectacle. All the stately mansions on the northern, eastern and western sides were crowded with people of fashion. The King appeared at a window of Romney's drawing room. The Princess of Denmark, her husband and her court occupied a neighbouring house. The whole diplomatic body assembled at the dwelling of the minister of the United Provinces. A huge pyramid of flame in the centre of the area threw out brilliant cascades which were seen by hundreds of thousands who crowded the neighbouring streets and parks. The States General were informed by their correspondent that, great as the multitude was, the night had passed without the slightest disturbance.

621

By this time the elections were almost completed. In every part of the country it had been manifest that the constituent bodies were generally zealous for the King and for the war. The City of London, which had returned four Tories in 1690, returned four Whigs in 1695. Of the proceedings at Westminster an account more than usually circumstantial has come down to us. In 1690 the electors, disgusted by the Sacheverell Clause, had returned two Tories. In 1695, as soon as it was known that a new Parliament was likely to be called, a meeting was held, at which it was resolved that a deputation should be sent with an invitation to two Commissioners of the Treasury, Charles Montague and Sir Stephen Fox. Sir Walter Clarges stood on the Tory interest. On the day of nomination near five thousand electors paraded the streets on horseback. They were divided into three bands; and at the head of each band rode one of the candidates. It was easy to estimate at a glance the comparative strength of the parties. For the cavalcade which followed Clarges was the least numerous of the three; and it was well known that the followers of Montague would vote for Fox, and the followers of Fox for Montague. The business of the day was interrupted by loud clamours. The Whigs cried shame on the Jacobite candidate who wished to make the English go to mass, eat frogs and wear wooden shoes. The Tories hooted the two placemen who were raising great estates out of the plunder of the poor overburdened nation. From words the incensed factions proceeded to blows; and there was a riot which was with some difficulty quelled. The High Bailiff then walked round the three companies of horsemen, and pronounced, on the view, that Montague and Fox were duly elected. A poll was demanded. The Tories exerted themselves strenuously. Neither money nor ink was spared. Clarges disbursed two thousand pounds in a few hours, a great outlay in times when the average income of a member of Parliament was not estimated at more than eight hundred a year. In the course of the night which followed the nomination, broadsides filled with invectives against the two courtly upstarts who had raised themselves by knavery from poverty and obscurity to opulence and power were scattered all over the capital. The Bishop of London canvassed openly against the government; for the interference of peers in elections had not yet been declared by the Commons to be a breach of privilege. But all was vain. Clarges was at the bottom of the poll without hope of rising. He withdrew; and Montague was carried on the shoulders of an immense multitude from Westminster Abbey to his office at Whitehall.

622

The same feeling exhibited itself in many other places. The freeholders of Cumberland instructed their representatives to support the King, and to vote whatever supplies might be necessary for the purpose of carrying on the war with vigour; and this example was followed by several counties and towns.

623

 Russell did not arrive in England till after the writs had gone out. But he had only to choose for what place he would sit. His popularity was immense; for his villanies were secret, and his public services were universally known. He had won the battle of La Hogue. He had commanded two years in the Mediterranean. He had there shut up the French fleets in the harbour of Toulon, and had stopped and turned back the French armies in Catalonia. He had taken many vessels, and among them two ships of the line; and he had not, during his long absence in a remote sea, lost a single vessel either by war or by weather. He had made the red cross of Saint George an object of terror to all the princes and commonwealths of Italy. The effect of his successes was that embassies were on their way from Florence, Genoa and Venice, with tardy congratulations to William on his accession. Russell's merits, artfully magnified by the Whigs, made such an impression that he was returned to Parliament not only by Portsmouth where his official situation gave him great influence, and by Cambridgeshire where his private property was considerable, but also by Middlesex. This last distinction, indeed, he owed chiefly to the name which he bore. Before his arrival in England it had been generally thought that two Tories would be returned for the metropolitan county. Somers and Shrewsbury were of opinion that the only way to avert such a misfortune was to conjure with the name of the most virtuous of all the martyrs of English liberty. They entreated Lady Russell to suffer her eldest son, a boy of fifteen, who was about to commence his studies at Cambridge, to be put in nomination. He must, they said, drop, for one day, his new title of Marquess of Tavistock, and call himself Lord Russell. There will be no expense. There will be no contest. Thousands of gentlemen on horseback will escort him to the hustings; nobody will dare to stand against him; and he will not only come in himself, but bring in another Whig. The widowed mother, in a letter written with all the excellent sense and feeling which distinguished her, refused to sacrifice her son to her party. His education, she said, would be interrupted; his head would be turned; his triumph would be his undoing. Just at this conjuncture the Admiral arrived. He made his appearance before the freeholders of Middlesex assembled on the top of Hampstead Hill, and was returned without opposition.

624

Meanwhile several noted malecontents received marks of public disapprobation. John Knight, the most factious and insolent of those Jacobites who had dishonestly sworn fealty to King William in order to qualify themselves to sit in Parliament, ceased to represent the great city of Bristol. Exeter, the capital of the west, was violently agitated. It had been long supposed that the ability, the eloquence, the experience, the ample fortune, the noble descent of Seymour would make it impossible to unseat him. But his moral character, which had never stood very high, had, during the last three or four years, been constantly sinking. He had been virulent in opposition till he had got a place. While he had a place he had defended the most unpopular acts of the government. As soon as he was out of place, he had again been virulent in opposition.

His saltpetre contract had left a deep stain on his personal honour. Two candidates were therefore brought forward against him; and a contest, the longest and fiercest of that age, fixed the attention of the whole kingdom, and was watched with interest even by foreign governments. The poll was open five weeks. The expense on both sides was enormous. The freemen of Exeter, who, while the election lasted, fared sumptuously every day, were by no means impatient for the termination of their luxurious carnival. They ate and drank heartily; they turned out every evening with good cudgels to fight for Mother Church or for King William; but the votes came in very slowly. It was not till the eve of the meeting of Parliament that the return was made. Seymour was defeated, to his bitter mortification, and was forced to take refuge in the small borough of Totness.

625

It is remarkable that, at this election as at the preceding election, John Hampden failed to obtain a seat. He had, since he ceased to be a member of Parliament, been brooding over his evil fate and his indelible shame, and occasionally venting his spleen in bitter pamphlets against the government. When the Whigs had become predominant at the Court and in the House of Commons, when Nottingham had retired, when Caermarthen had been impeached, Hampden, it should seem, again conceived the hope that he might play a great part in public life. But the leaders of his party, apparently, did not wish for an ally of so acrimonious and turbulent a spirit. He found himself still excluded from the House of Commons. He led, during a few months, a miserable life, sometimes trying to forget his cares among the wellbred gamblers and frail beauties who filled the drawingroom of the Duchess of Mazarine, and sometimes sunk in religious melancholy. The thought of suicide often rose in his mind. Soon there was a vacancy in the representation of Buckinghamshire, the county which had repeatedly sent himself and his progenitors to Parliament; and he expected that he should, by the help of Wharton, whose dominion over the Buckinghamshire Whigs was absolute, be returned without difficulty. Wharton, however, gave his interest to another candidate. This was a final blow. The town was agitated by the news that John Hampden had cut his throat, that he had survived his wound a few hours, that he had professed deep penitence for his sins, had requested the prayers of Burnet, and had sent a solemn warning to the Duchess of Mazarine. A coroner's jury found a verdict of insanity. The wretched man had entered on life with the fairest prospects. He bore a name which was more than noble. He was heir to an ample estate and to a patrimony much more precious, the confidence and attachment of hundreds of thousands of his countrymen. His own abilities were considerable, and had been carefully cultivated. Unhappily ambition and party spirit impelled him to place himself in a situation full of danger. To that danger his fortitude proved unequal. He stooped to supplications which saved him and dishonoured him. From that moment, he never knew peace of mind. His temper became perverse; and his understanding was perverted by his temper. He tried to find relief in devotion and in revenge, in fashionable dissipation and in political turmoil. But the dark shade never passed away from his mind, till, in the twelfth year of his humiliation, his unhappy life was terminated by an unhappy death.

626

The result of the general election proved that William had chosen a fortunate moment for dissolving. The number of new members was about a hundred and sixty; and most of these were known to be thoroughly well affected to the government.

627

It was of the highest importance that the House of Commons should, at that moment, be disposed to cooperate cordially with the King. For it was absolutely necessary to apply a remedy to an internal evil which had by slow degrees grown to a fearful magnitude. The silver coin, which was then the standard coin of the realm, was in a state at which the boldest and most enlightened statesmen stood aghast.

628

Till the reign of Charles the Second our coin had been struck by a process as old as the thirteenth century. Edward the First had invited hither skilful artists from Florence, which, in his time, was to London what London, in the time of William the Third, was to Moscow. During many generations, the instruments which were then introduced into our mint continued to be employed with little alteration. The metal was divided with shears, and afterwards shaped and stamped by the hammer. In these operations much was left to the hand and eye of the workman. It necessarily happened that some pieces contained a little more and some a little less than the just quantity of silver; few pieces were exactly round; and the rims were not marked. It was therefore in the course of years discovered that to clip the coin was one of the easiest and most profitable kinds of fraud. In the reign of Elizabeth it had been thought necessary to enact that the clipper should be, as the coiner had long been, liable to the penalties of high treason.

629

 The practice of paring down money, however, was far too lucrative to be so checked; and, about the time of the Restoration, people began to observe that a large proportion of the crowns, halfcrowns and shillings which were passing from hand to hand had undergone some slight mutilation.

That was a time fruitful of experiments and inventions in all the departments of science. A great improvement in the mode of shaping and striking the coin was suggested. A mill, which to a great extent superseded the human hand, was set up in the Tower of London. This mill was worked by horses, and would doubtless be considered by modern engineers as a rude and feeble machine. The pieces which it produced, however, were among the best in Europe. It was not easy to counterfeit them; and, as their shape was exactly circular, and their edges were inscribed with a legend, clipping was not to be apprehended.

630

 The hammered coins and the milled coins were current together. They were received without distinction in public, and consequently in private, payments. The financiers of that age seem to have expected that the new money, which was excellent, would soon displace the old money which was much impaired. Yet any man of plain understanding might have known that, when the State treats perfect coin and light coin as of equal value, the perfect coin will not drive the light coin out of circulation, but will itself be driven out. A clipped crown, on English ground, went as far in the payment of a tax or a debt as a milled crown. But the milled crown, as soon as it had been flung into the crucible or carried across the Channel, became much more valuable than the clipped crown. It might therefore have been predicted, as confidently as any thing can be predicted which depends on the human will, that the inferior pieces would remain in the only market in which they could fetch the same price as the superior pieces, and that the superior pieces would take some form or fly to some place in which some advantage could be derived from their superiority.

631

The politicians of that age, however, generally overlooked these very obvious considerations. They marvelled exceedingly that every body should be so perverse as to use light money in preference to good money. In other words, they marvelled that nobody chose to pay twelve ounces of silver when ten would serve the turn. The horse in the Tower still paced his rounds. Fresh waggon loads of choice money still came forth from the mill; and still they vanished as fast as they appeared. Great masses were melted down; great masses exported; great masses hoarded; but scarcely one new piece was to be found in the till of a shop, or in the leathern bag which the farmer carried home from the cattle fair. In the receipts and payments of the Exchequer the milled money did not exceed ten shillings in a hundred pounds. A writer of that age mentions the case of a merchant who, in a sum of thirty-five pounds, received only a single halfcrown in milled silver. Meanwhile the shears of the clippers were constantly at work. The comers too multiplied and prospered; for the worse the current money became the more easily it was imitated. During more than thirty years this evil had gone on increasing. At first it had been disregarded; but it had at length become an insupportable curse to the country. It was to no purpose that the rigorous laws against coining and clipping were rigorously executed. At every session that was held at the Old Bailey terrible examples were made. Hurdles, with four, five, six wretches convicted of counterfeiting or mutilating the money of the realm, were dragged month after month up Holborn Hill. On one morning seven men were hanged and a woman burned for clipping; But all was vain. The gains were such as to lawless spirits seemed more than proportioned to the risks. Some clippers were said to have made great fortunes. One in particular offered six thousand pounds for a pardon. His bribe was indeed rejected; but the fame of his riches did much to counteract the effect which the spectacle of his death was designed to produce.

632

 Nay the severity of the punishment gave encouragement to the crime. For the practice of clipping, pernicious as it was, did not excite in the common mind a detestation resembling that with which men regard murder, arson, robbery, nay, even theft. The injury done by the whole body of clippers to the whole society was indeed immense; but each particular act of clipping was a trifle. To pass a halfcrown, after paring a pennyworth of silver from it, seemed a minute, an almost imperceptible, fault. Even while the nation was crying out most loudly under the distress which the state of the currency had produced, every individual who was capitally punished for contributing to bring the currency into that state had the general sympathy on his side. Constables were unwilling to arrest the offenders. Justices were unwilling to commit. Witnesses were unwilling to tell the whole truth. Juries were unwilling to pronounce the word Guilty. It was vain to tell the common people that the mutilators of the coin were causing far more misery than all the highwaymen and housebreakers in the island. For, great as the aggregate of the evil was, only an infinitesimal part of that evil was brought home to the individual malefactor. There was, therefore, a general conspiracy to prevent the law from taking its course. The convictions, numerous as they might seem, were few indeed when compared with the offences; and the offenders who were convicted looked on themselves as murdered men, and were firm in the belief that their sin, if sin it were, was as venial as that of a schoolboy who goes nutting in the wood of a neighbour. All the eloquence of the ordinary could seldom induce them to conform to the wholesome usage of acknowledging in their dying speeches the enormity of their wickedness.

633

The evil proceeded with constantly accelerating velocity. At length in the autumn of 1695 it could hardly be said that the country possessed, for practical purposes, any measure of the value of commodities. It was a mere chance whether what was called a shilling was really tenpence, sixpence or a groat. The results of some experiments which were tried at that time deserve to be mentioned. The officers of the Exchequer weighed fifty-seven thousand two hundred pounds of hammered money which had recently been paid in. The weight ought to have been above two hundred and twenty thousand ounces. It proved to be under one hundred and fourteen thousand ounces.

634

 Three eminent London goldsmiths were invited to send a hundred pounds each in current silver to be tried by the balance. Three hundred pounds ought to have weighed about twelve hundred ounces. The actual weight proved to be six hundred and twenty-four ounces. The same test was applied in various parts of the kingdom. It was found that a hundred pounds, which should have weighed about four hundred ounces, did actually weigh at Bristol two hundred and forty ounces, at Cambridge two hundred and three, at Exeter one hundred and eighty, and at Oxford only one hundred and sixteen.

635

 There were, indeed, some northern districts into which the clipped money had only begun to find its way. An honest Quaker, who lived in one of these districts, recorded, in some notes which are still extant, the amazement with which, when he travelled southward, shopkeepers and innkeepers stared at the broad and heavy halfcrowns with which he paid his way. They asked whence he came, and where such money was to be found. The guinea which he purchased for twenty-two shillings at Lancaster bore a different value at every stage of his journey. When he reached London it was worth thirty shillings, and would indeed have been worth more had not the government fixed that rate as the highest at which gold should be received in the payment of taxes.

636

The evils produced by this state of the currency were not such as have generally been thought worthy to occupy a prominent place in history. Yet it may well be doubted whether all the misery which had been inflicted on the English nation in a quarter of a century by bad Kings, bad Ministers, bad Parliaments and bad judges, was equal to the misery caused in a single year by bad crowns and bad shillings. Those events which furnish the best themes for pathetic or indignant eloquence are not always those which most affect the happiness of the great body of the people. The misgovernment of Charles and James, gross as it had been, had not prevented the common business of life from going steadily and prosperously on. While the honour and independence of the State were sold to a foreign power, while chartered rights were invaded, while fundamental laws were violated, hundreds of thousands of quiet, honest and industrious families laboured and traded, ate their meals and lay down to rest, in comfort and security. Whether Whigs or Tories, Protestants or Jesuits were uppermost, the grazier drove his beasts to market; the grocer weighed out his currants; the draper measured out his broadcloth; the hum of buyers and sellers was as loud as ever in the towns; the harvest home was celebrated as joyously as ever in the hamlets; the cream overflowed the pails of Cheshire; the apple juice foamed in the presses of Herefordshire; the piles of crockery glowed in the furnaces of the Trent; and the barrows of coal rolled fast along the timber railways of the Tyne. But when the great instrument of exchange became thoroughly deranged, all trade, all industry, were smitten as with a palsy. The evil was felt daily and hourly in almost every place and by almost every class, in the dairy and on the threshing floor, by the anvil and by the loom, on the billows of the ocean and in the depths of the mine. Nothing could be purchased without a dispute. Over every counter there was wrangling from morning to night. The workman and his employer had a quarrel as regularly as the Saturday came round. On a fair day or a market day the clamours, the reproaches, the taunts, the curses, were incessant; and it was well if no booth was overturned and no head broken.

637

 No merchant would contract to deliver goods without making some stipulation about the quality of the coin in which he was to be paid. Even men of business were often bewildered by the confusion into which all pecuniary transactions were thrown. The simple and the careless were pillaged without mercy by extortioners whose demands grew even more rapidly than the money shrank. The price of the necessaries of life, of shoes, of ale, of oatmeal, rose fast. The labourer found that the bit of metal which when he received it was called a shilling would hardly, when he wanted to purchase a pot of beer or a loaf of rye bread, go as far as sixpence. Where artisans of more than usual intelligence were collected together in great numbers, as in the dockyard at Chatham, they were able to make their complaints heard and to obtain some redress.

638

 But the ignorant and helpless peasant was cruelly ground between one class which would give money only by tale and another which would take it only by weight. Yet his sufferings hardly exceeded those of the unfortunate race of authors. Of the way in which obscure writers were treated we may easily form a judgment from the letters, still extant, of Dryden to his bookseller Tonson. One day Tonson sends forty brass shillings, to say nothing of clipped money. Another day he pays a debt with pieces so bad that none of them will go. The great poet sends them all back, and demands in their place guineas at twenty-nine shillings each. "I expect," he says in one letter, "good silver, not such as I have had formerly." "If you have any silver that will go," he says in another letter, "my wife will be glad of it. I lost thirty shillings or more by the last payment of fifty pounds." These complaints and demands, which have been preserved from destruction only by the eminence of the writer, are doubtless merely a fair sample of the correspondence which filled all the mail bags of England during several months.

In the midst of the public distress one class prospered greatly, the bankers; and among the bankers none could in skill or in luck bear a comparison with Charles Duncombe. He had been, not many years before, a goldsmith of very moderate wealth. He had probably, after the fashion of his craft, plied for customers under the arcades of the Royal Exchange, had saluted merchants with profound bows, and had begged to be allowed the honour of keeping their cash. But so dexterously did he now avail himself of the opportunities of profit which the general confusion of prices gave to a moneychanger, that, at the moment when the trade of the kingdom was depressed to the lowest point, he laid down near ninety thousand pounds for the estate of Helmsley in the North Riding of Yorkshire. That great property had, in a troubled time, been bestowed by the Commons of England on their victorious general Fairfax, and had been part of the dower which Fairfax's daughter had brought to the brilliant and dissolute Buckingham. Thither Buckingham, having wasted in mad intemperance, sensual and intellectual, all the choicest bounties of nature and of fortune, had carried the feeble ruins of his fine person and of his fine mind; and there he had closed his chequered life under that humble roof and on that coarse pallet which the great satirist of the succeeding generation described in immortal verse. The spacious domain passed to a new race; and in a few years a palace