continuance of the war, the minister was obliged to please them, and delude the people. For the purpose of temporising therefore, he sent Lord Malmsbury to France, under the hollow pretence of making peace, when at the same time he had orders not to accept of any terms. But the French being aware of the true nature of his errand received him coolly, and after a stay of eight weeks he was sent packing with a "flea in his ear." The parliament having been dissolved, the new parliament met on the 9th of October. A fresh cry of invasion was now raised, and Pitt brought forward his plan of defence. These preparations caused great alarm throughout the country, and a great bustle amongst the various corps of yeomanry. Bread had sold at a moderate rate all the year; the average price being eightpence halfpenny the quartern loaf. The loan, which was called the loyalty loan, was eighteen millions, and the amount was subscribed in fifteen hours. General Washington this year resigned the presidency of America, and retired into private life, amidst the blessings of his countrymen; a pure and spotless patriot; a friend to the liberty of mankind; and the brave assertor of those of his fellow countrymen. Thus ended the year one thousand seven hundred and ninety six. The next year another attempt was made to negotiate a peace with the French, but as the minister, Pitt, was not sincere, Lord Malmsbury having been sent to Lisle to treat, the French Directory soon discovered that the measure was only a cheat intended to keep down the dissatisfaction at home. The negotiation was therefore soon broken off, like the last. Ireland was in a very disturbed state, bordering upon rebellion. In the early part of this year many provincial banks stopped payment, in consequence of a demand on them for gold, and, to complete the climax of this country's degradation and disgrace, an act of national bankruptcy was declared on the twenty-seventh day of February; an order in council being issued on that day, by virtue of which the Bank of England stopped payment in cash. From that fatal hour, swindling, the most barefaced swindling, has become legalized! On the eleventh of March, the King, for the first time, refused to receive the petition of the Common Hall of the City of London upon the Throne; those who took the lead in the liveries at that time, basely surrendering the right of their fellow-citizens without a struggle; and from that hour their boasted privileges were lost, and they have ever since been degraded to the level of any common assembly. As they have never made an effort to recover this their natural right of presenting their petitions or addresses to the king upon the throne, it must be owned that they have richly merited all the taunts and sneers of the ministerial press, which have been invariably levelled at them since that period. To add to the wretched state of the country, a mutiny broke out amongst the seamen at Spithead, and then at the Nore, the latter of