The Greville Memoirs, Part 3 (of 3), Volume 2 (of 2): A Journal of the Reign of Queen Victoria from 1852 to 1860Greville, Charles
History
The Greville Memoirs, Part 3 (of 3), Volume 2 (of 2): A Journal of the Reign of Queen Victoria from 1852 to 1860
Greville, Charles
Great Britain -- History -- Victoria, 1837-1901
Footnote 1: [On the 12th of November a letter was addressed to the
Governors of the Bank of England by Lord Palmerston and Sir George
Cornewall Lewis, the Chancellor of the Exchequer, empowering the Bank
to exceed the limits prescribed by the Bank Act of 1844 (if necessary)
to meet the demands for discount and advances on approved security.
This measure was rendered necessary by the extensive failures which
had recently taken place, and the severe pressure on the money market.
On the 4th November discount had advanced to 9 per cent. The Issue
Department made over to the Banking Department two millions in excess
of the statutable amount, of which about one million was advanced to
the public. On the 1st December the whole amount was repaid. Parliament
was summoned to pass a Bill of Indemnity, and public confidence was
restored.]
_November 17th._--A council was held yesterday at Windsor to summon
Parliament, where I found the ministers much dejected at the news from
India. There was a letter from Colin Campbell, expressing great alarm
at the position of Outram and Havelock, whom he thought to be in a
great scrape, though without any fault of theirs, and there was also a
report from Sir John Lawrence that affairs were in a ticklish state in
the Punjaub, and expressing a great anxiety for reinforcements, which
he had very little prospect of getting; in short the apparently bright
sky in which we were rejoicing only a few days ago seems to be obscured
by black clouds, and the great result to be as uncertain as ever.
[Sidenote: THE CLAYTON-BULWER TREATY.]
Public-domain text, read in full here on John Shaqi.
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