The Political History of England – Vol XI. Fotheringham John Knight

challenged the right of the house to imprison Jones by its own authority, and, after a fierce debate lasting two nights, was adjudged by the house, on April 5, to have been guilty of a still more scandalous libel. Accordingly, the speaker issued a warrant for his committal to the Tower. Burdett declared his resolution to resist arrest, the populace mustered in his defence, the riot act was read, and he was conveyed to prison by a strong military escort, on whose return more serious riots broke out, and were not quelled without bloodshed. On his release at the end of the session a repetition of these scenes was prevented by the simple expedient of bringing him home by water. During his imprisonment he wrote an offensive letter to the speaker, and his colleague, Lord Cochrane, presented a violently worded petition from his Westminster constituents. In the following year he sued the speaker and the sergeant-at-arms in the court of king's bench, which decided against him on the ground that a power of commitment was necessary for the maintenance of the dignity of the house of commons, and its decision was confirmed, on appeal, by the court of exchequer chamber and the house of lords.

      THE CURRENCY QUESTION.

      The most important subject of internal policy discussed in the session of 1810 was the state of the currency. Since 1797 cash payments had been suspended, the issue of banknotes had been nearly doubled, and the price of commodities had risen enormously. Whether these results had in their turn promoted the expansion of foreign commerce and internal industry was vigorously disputed by two rival schools of economists. The one thing certain was the increasing scarcity of specie, and the serious loss incurred in its provision for the service of the army in the Peninsula. Francis Horner, then rising to eminence, obtained the appointment of what became known as the "bullion committee" to inquire into the anomalous conditions thus created, and took a leading part in the preparation of its celebrated report, published on September 20. The committee arrived at the conclusion that the high price of gold was mainly due to excess in the paper-currency, and not, as alleged, to a drain of gold for the continental war. They attributed that excess to "the want of a sufficient check and control in the issues of paper from the Bank of England, and originally to the suspension of cash-payments, which removed the natural and true control". While allowing that paper could not be rendered suddenly convertible into specie without dislocating the entire business of the country, they recommended that an early provision should be made by parliament for terminating the suspension of cash-payments at the end of two years. These conclusions were combated by Castlereagh and Vansittart, who afterwards, in 1811, succeeded in carrying several counter-resolutions, of which the general effect was to explain the admitted rise in the price of gold, for the most part by the exclusion of British trade from the continent, and the consequent export of the precious metals in lieu of British manufactures. The last resolution, while it recognised the wisdom of restoring cash-payments as soon as it could safely be done, affirmed it to be "highly inexpedient and dangerous to fix a definite period for the removal of the restriction on cash-payments prior to the conclusion of a definitive treaty of peace". These counsels prevailed, and the restriction was not actually removed until Peel's act was passed in July, 1819.

      The last domestic event in the inglorious annals of 1810 was the final lapse of the king into mental derangement in the month of November. For more than six years his sight had been failing, but he had suffered no return of insanity since 1804. Now he lost both his sight and his reason. This event, impending for some time, was precipitated by the illness and death of the Princess Amelia, his favourite daughter, and was perhaps aggravated by the Walcheren expedition and the disgrace of the Duke of York. Parliament met on November 1, and was adjourned more than once before a committee was appointed to examine the royal physicians. Acting on their report, the ministers proposed and carried resolutions declaring the king's incapacity, and the right and duty of the two houses to provide for the emergency. It was also determined to define by act of parliament the powers to be exercised in the king's name and behalf. This implied a limitation of the regent's authority, and was resented by the Prince of Wales and his friends. Perceval, however, was able to rely on the precedent of 1788, to which Grenville, for one, had been a party, and, after considerable opposition, the prince was made regent under several temporary restrictions. With certain exceptions, he was precluded from granting any peerage or office tenable for life; the royal property was vested in trustees for the king's benefit, and the personal care of the king was entrusted to the queen, with the advice of a council. In this form, the regency bill was passed on February 4, 1811, after a protest from the other sons of George III. and violent attacks upon Eldon by Grenville and Grey. On the 5th, the regent took the oaths before the privy council, but, in accepting the restrictions, he delicately expressed regret that he should not have been trusted to impose upon himself proper limitations for the exercise of royal patronage. The interregnum thus established was to be provisional only, and was to cease on February 1, 1812, but the queen and her private council, with the concurrence of the privy council, were empowered to annul it at any time, by announcing the king's recovery, when he could resume his powers by proclamation.

      THE REGENCY BILL.

      The hopes of the opposition had been greatly excited by the prospect of a regency, and it was generally expected that a change of ministry would be its immediate consequence. Private communications had, in fact, passed between the prince and the whig lords, Grenville and Grey, but they were rendered nugatory by the dictatorial tone assumed by those lords and by the unwillingness of the prince to dispense with the advice of Moira and Sheridan. The two whig lords had by the prince's desire prepared a reply to the address from the houses of parliament, preparatory to the regency bill. Grenville had voted in favour of the restriction on the creation of peers, and it is therefore not surprising that the reply which he and Grey drafted appeared to the prince too weak in its protest against the limitations. He therefore adopted in its stead another reply which Sheridan had composed for him. The two lords thereupon addressed to the prince a remonstrance, which practically claimed for themselves the right of responsible ministers to be the sole advisers of their prince. This remonstrance provoked the ridicule of Sheridan, and certainly did not please the prince, who since the fall of the Grenville ministry had refused to be regarded as a "party man". The regent, accordingly, gave Perceval to understand that he intended to retain his present ministers, but solely on the ground that he was unwilling to do anything which might retard his father's recovery, or distress him when he should come to himself. This reason was probably genuine. The king appeared to be recovering; he had had several interviews with Perceval and Eldon, and had made inquiries as to the prince's intentions. Soon, however, the malady took a turn for the worse, and the physicians came to the conclusion that it was permanent.41

      Before February, 1812, when the restrictions expired, and a permanent regency bill was passed, the prince drifted further away from his former advisers, and had been pacified by the loyal attitude of Perceval and Eldon. Further overtures were conveyed to the whig lords through a letter from the prince regent to the Duke of York, in which he declared that he had "no predilections to indulge or resentments to gratify," but only a concern for the public good, towards which he desired the co-operation of some of his old whig friends, indicating Grenville and Grey. They declined in a letter to the Duke of York, alleging differences on grounds of policy too deep to admit of a coalition. Eldon, on his part, expressed a similar conviction, but the regent never fully forgave what he regarded as their desertion. Wellesley, who was strongly opposed to Perceval's policy of maintaining the catholic disabilities, resigned the secretaryship of foreign affairs, protesting against the feeble support given to his brother in the Peninsula, and was succeeded by Castlereagh. In April Sidmouth became president of the council in place of Camden, who remained in the cabinet without office; and in the next month, on May 11, Perceval was assassinated in the lobby of the house of commons by a man named Bellingham, who had an imaginary grievance against the government.

      A very general and sincere tribute of respect was paid by the house to Perceval's memory, for, though his statesmanship was of the second order, he was far more than a tory partisan; he was an excellent debater, and a thoroughly honest politician, and his private character was above all reproach or suspicion. The cabinet was bewildered by his death, and a fresh attempt was made to strengthen it by the simple inclusion of Canning as well as Wellesley. Wellesley stipulated that the catholic question should be left open, and that the war should be prosecuted with the entire resources of the country, while Canning declined co-operation on the ground of the