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from the chancellor on his knees the usual presents of a large English Bible, and book of Common Prayer, the cuts of the university, and a pair of gold fringed gloves. The conduits ran with wine, and a magnificent banquet was prepared; but an anonymous letter being found in the street, importing that there was a design to poison his majesty, William refused to eat or drink in Oxford, and retired immediately to Windsor. Notwithstanding this abrupt departure, which did not savour much of magnanimity, the university chose sir William Trumbal, secretary of state, as one of their representatives in parliament.

§ XXIII. The whig interest generally prevailed in the elections, though many even of that party were malcontents; and when the parliament met, Foley was again chosen speaker of the commons. The king, in his first speech, extolled the valour of the English forces; expressed his concern at being obliged to demand such large supplies from his people; observed that the funds had proved very deficient, and the civil list was in a precarious condition; recommended to their compassion the miserable situation of the French protestants; took notice of the bad state of the coin; desired they would form a good bill for the encouragement and increase of seamen ; and contrive laws for the advancement of commerce. He mentioned the great preparations which the French were making for taking the field early entreated them to use despatch; expressed his satisfaction at the choice which his people had made of their representatives in the house of commons; and exhorted them to proceed with temper and unanimity. Though the two houses presented addresses of congratulation to the king upon his late success, and promised to assist him in prosecuting the war with vigour, the nation loudly exclaimed against the intolerable burdens and losses to which they were subjected, by a foreign scheme of politics, which, like an unfathomable abyss, swallowed up the wealth and blood of the kingdom. All the king's endeavours to cover the disgusting side of his character had proved ineffectual: he was still dry, reserved, and forbidding: and the malcontents inveighed bitterly against his behaviour to the princess Anne of Denmark. When the news of Namur's being reduced arrived in England, this lady congratulated him upon his

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success in a dutiful letter, to which he would not deign to send a reply, either by writing or message; nor had she or her husband been favoured with the slightest mark of regard since his return to England. The members in the lower house, who had adopted opposing maxims, either from principle or resentment, resolved, that the crown should purchase the supplies with some concession in favour of the people. They therefore brought in the so long contested bill for regulating trials in cases of high treason, and misprision of treason; and, considering the critical juncture of affairs, the courtiers were afraid of obstructing such a popular measure. The lords inserted a clause, enacting, that the peer should be tried by the whole peerage; and the commons, at once, assented to this amendment. The bill provided, that persons indicted for high treason, or misprision of treason, should be furnished with a copy of the indictment five days before the trial; and indulged with counsel to plead in their defence; that no person should be indicted but upon the oaths of two lawful witnesses swearing to overt acts; that in two or more distinct treasons of divers kinds, alleged in one bill of indictment, one witness to one, and another witness to another, should not be deemed two witnesses: that no person should be prosecuted for any such crime, unless the indictment be found within three years after the offence committed, except in case of a design to attempt to assassinate or poison the king,' where this limitation should not take place: that persons indicted for treason, or misprision of treason, should be supplied with copies of the pannel of the jurors, two days at least before the trial, have process to compel their witnesses to appear: that no evidence should be admitted of any/overt act not expressly laid in the indictment: that this act should not extend to any impeachment, or other proceedings in parliament; nor to any indictment for counterfeiting his majesty's coin, his great seal, privy seal, sign manual, or signet.

§ XXIV. This important affair being discussed, the commons proceeded to examine the accounts and estimates, and voted above five millions for the service of the ensuing year. The state of the coin was by this time become such a national grievance as could not escape the attention of parliament. The lords prepared an address to the throne, for a proclamation to put a stop to the currency of dimin

ished coin; and to this they desired the concurrence of the commons. The lower house, however, determined to take this affair under their own inspection. They appointed a committee of the whole house, to deliberate on the state of the nation with respect to the currency. Great opposition was made to a recoinage, which was a measure strenuously recommended and supported by Mr. Montague, who acted on this occasion by the advice of the great mathematician sir Isaac Newton. The enemies of this expedient argued, that should the silver coin be called in, it would be impossible to maintain the war abroad, or prosecute foreign trade, in as much as the merchant could not pay his bills of exchange, nor the soldier receive his subsistence: that a stop would be put to all mutual payment; and this would produce universal confusion and despair. Such a reformation. could not be effected without some danger and difficulty; but it was become absolutely necessary, as the evil daily increased, and in a little time must have terminated in national anarchy. After long and vehement debates, the majority resolved to proceed with all possible expedition to a new coinage. Another question arose, Whether the new coin in its different denominations should retain the original weight and purity of the old; or the established standard be raised in value. The famous Locke engaged in this dispute against Mr. Lowndes, who proposed that the standard should be raised: the arguments of Mr. Locke were so convincing, that the committee resolved the established standard should be preserved with respect to weight and fineness. They likewise resolved, that the loss accruing to the revenue from clipped money, should be borne by the public. In order to prevent a total stagnation, they further resolved, that after an appointed day, no clipped" money should pass in payment, except to the collectors of the revenue and taxes, or upon loans or payment into the exchequer: that, after another day to be appointed, no clipped money of any sort should pass in any payment whatsoever: and that a third day should be fixed for all persons to bring in their clipped money to be recoined, after which they should have no allowance upon what they might offer. They addressed the king to issue a proclamation agreeably to these resolutions; and on the nineteenth day of Decem

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ber, it was published accordingly. Such were the fears of the people, augmented and inflamed by the enemies of the government, that all payment immediately ceased, and a face of distraction appeared through the whole community. The adversaries of the bill seized this opportunity to aggravate the apprehensions of the public. They inveighed against the ministry, as the authors of this national grievance; they levelled their satire particularly at Montague; and it required uncommon fortitude and address to avert the most dangerous consequences of popular discontent. The house of commons agreed to the following resolutions, that twelve hundred thousand pounds should be raised by a duty on glass windows, to make up the loss on the clipped money that the recompense for supplying the deficiency of clipped money should attend to all silver coin, though of a coarser alloy than the standard: that the collectors and receivers of his majesty's aids and revenues should be enjoined to receive all such moneys: that a reward of five per cent. should be given to all such persons as should bring in either milled or broad unclipped money, to be applied in exchange of the clipped money throughout the kingdom: that a reward of three-pence per ounce should be given to all persons who should bring in wrought plate to the mint to be coined; That persons might pay in their whole next year's land tax in clipped money, at one convenient time to be appointed for that purpose: that commisșioners should be appointed in every county, to pay and distribute the milled and broad unclipped money, and the new coined money in lieu of that which was diminished. A bill being prepared agreeably to these determinations, was sent up to the house of lords, who made some amendments, which the commons rejected: but, in order to avoid cavils and conferences, they dropped the bill, and brought in another without the clauses which the lords had inserted. They were again proposed in the upper house, and overruled by the majority; and, on the twenty-first day of January, the bill received the royal assent, as did another bill, enlarging the time for purchasing annuities, and continuing the duties on low wines.. At the same time, the king passed the bill of trials for high treason and an act to prevent mercenary elections. Divers merchants and traders peti.

1695.

tioned the house of commons, that the losses in their trade and payments, occasioned by the rise of guineas, might be A bill was immediately brought taken into consideration.

in for taking off the obligation and encouragement for coining guineas for a certain time: and then the commons proceeded to lower the value of this coin: a task in which they met with great opposition from some members, who alleged that it would foment the popular disturbances. At length, however, the majority agreed, that a guinea should be lowered from thirty to eight-and-twenty shillings, and afterwards to six-and-twenty: at length a clause was inserted in the bill for encouraging people to bring plate to the mint, settling the price of a guinea at two-and-twenty shillings, and it naturally sunk to its original value of twenty shillings and six-pence. Many persons, however, supposing that the price of gold would be raised the next session, hoarded up their guineas; and, upon the same supposition, encouraged by the malcontents, the new coined silver money was reserved, to the great detriment of commerce. The king ordered mints to be erected in York, Bristol, Exeter, and Chester, for the purpose of the recoinage, which was executed with unexpected success; so that in less than a year the currency of England which had been the worst, became the best coin in Europe.

The

§ XXV. At this period the attention of the commons was diverted to an object of a more private nature. earl of Portland, who enjoyed the greatest share of the king's favour, had obtained a grant of some lordships in Derbyshire. While the warrant was depending, the gentlemen of that county resolved to oppose it with all their power. In consequence of a petition, they were indulged with a hearing by the lords of the treasury. Sir William Williams, in the name of the rest, alleged, that the lordships in question were the ancient demesnes of the prince of Wales, absolutely unalienable: that the revenues of those lordships supported the government of Wales, in paying the judges and other salaries: that the grant was of too large an extent for any foreign subject; and that the people of the county were too great to be subject to any foreigner. Sundry other substantial reasons were used against the grant, which notwithstanding all their remon

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