The Life and Times of Queen Victoria; vol. 3 of 4 — John Shaqi
The Life and Times of Queen Victoria; vol. 3 of 4Wilson, Robert
History
The Life and Times of Queen Victoria; vol. 3 of 4
Wilson, Robert
Great Britain -- History -- Victoria, 1837-1901; Victoria, Queen of Great Britain, 1819-1901
It has been already mentioned that in 1847, when a similar course was
adopted, the mere notification of it restored confidence, and the Bank
did not take advantage of the licence granted to it. The crisis of 1857,
however, was more serious, for fresh notes in excess of the legal issue
were promptly put in circulation.[1] But the suspension of the Bank
Charter Act by the Executive necessitated an application to Parliament
for a Bill of Indemnity. Hence Parliament was summoned to meet on the
3rd of December. The Queen was under the impression that fresh light
would be thrown on the crisis by the debates in both Houses; but there
was really nothing new that could be said on the subject. As the Prince
Consort observed in one of his letters, “Long prosperity had made all
bankers, speculators, and capitalists careless, and now they are being
unpleasantly reminded of natural laws which have been violated, and are
asserting themselves.” Other matters besides the Indemnity Bill were
mentioned in the Royal Speech; but, after passing that measure,
Parliament separated on the 12th of January, 1858, to meet again on the
4th of February.
The business of suppressing the Mutiny was carried on vigorously in
1858. After Campbell’s victory over the Gwalior army at the end of 1857,
he remained for two months at Cawnpore, whilst his reinforcements were
coming to him, and the surrounding districts were being swept by flying
columns. Then with an overwhelming force of artillery he moved forward
swiftly to effect the final capture of Lucknow.[2] On the 4th of March
the last of the siege train reached that city, and operations began in
real earnest, ending with the capture of the third line of defence on
the 14th of March. The place was virtually taken on the 15th; but most
of the rebels had escaped. The Queen of Oudh, with 7,000 men, still
clung to the Palace of the Moosee Bágh, and the fanatical Moulvee of
Fyzabad yet held the heart of the city. Outram captured the Queen’s
position, but not the Queen herself, whilst Sir Edward Lugard drove the
Moulvee from his stronghold. Campbell’s loss was 177 killed and 505
wounded, and of the enemy 3,000 were buried, though no exact account of
their wounded could be ascertained. On the 23rd of March General Grant
overtook and routed a large body of fugitives on the road to Seetápoor,
which brought operations to an end in this region.
Public-domain text, read in full here on John Shaqi.
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