So intolerable was the pressure that, after much delay and repeated
refusals to interfere, the Whig ministers were compelled to bestir
themselves, and to suspend the operation of the Banking Act, in order to
save the country from actual convulsion. Parliament was summoned about
the middle of November, more, perhaps, for the sake of obtaining a bill
of indemnity for the suspension—a measure which, after all, did not lead
to any infringement of the Act—than with the view of boldly facing the
increasing difficulties of the country. Notwithstanding annual
disappointment, every one waited for the speech from the throne with the
most intense anxiety, trusting that at such a time some comforting
glimpses for the future, some earnest ministerial schemes would be
announced, likely to retrieve the commercial world from its
embarrassment. These expectations were destined to receive an immediate
check. The financial prose of the author of “Don Carlos” was as vague
and unsatisfactory as his halting tragic verse. There was, of course, a
decent show of regret for public calamity, but no vestige of an
intention to interpose any remedial measure. In point of finance, the
only intelligible topic contained in the speech was ominous of the
repeal of the Navigation Laws. Sanitary improvements, the great Whig
hobby, which they are constantly thrusting forward beneath the public
nose, were also recommended. Ireland, then testifying the humane and
Christian disposition of its inhabitants, by a series of the most
cold-blooded and revolting murders, was recommended to the benevolence
of the state. A treaty with the Republic of the Equator, touching the
suppression of the slave-trade, was announced; and the Whigs looked
forward “with confidence to the maintenance of the general peace of
Europe.” A more paltry programme was never yet submitted to the public
eye.
Public-domain text, read in full here on John Shaqi.
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