ONE:Meanwhile, the American emissaries were both busy and successful at the Court of France. Though the Government still professed most amicable relations towards Great Britain, it winked at the constant sale of the prizes taken by American privateers, or those who passed for such, in their ports. The Government had, as we have seen, supplied the insurgents with money and arms. It was now arranged between Silas Deane and the French Minister, Vergennes, that the supplies of arms and ammunition should be sent by way of the West Indies, and that Congress should remit payment in tobacco and other produce. The French Government supplied the American agents with money for their purchases of arms and necessary articles for the troops, also to be repaid in tobacco. Two of the ships sent off with such supplies were captured by the British men-of-war; but a third, loaded with arms, arrived safely. To procure the money which they could not draw from Europe, Congress made fresh issues of paper money, though what was already out was fearfully depreciated. They voted a loan also of five millions of dollars, at four per cent. interest. They authorised a lottery to raise a like sum, the prizes to be payable in loan-office certificates. These measures only precipitated the depreciation of the Government paper; people refused to take it; and Washington, to prevent the absolute starvation of the army, was endowed with the extraordinary power of compelling the acceptance of it, and of arresting and imprisoning all maligners of the credit of Congress. Congress went further, and passed a resolution that their bills ought to pass[237] current in all payments, trade, and dealings, and be deemed equal in value to the same sum in Spanish dollars; and that all persons refusing to take them should be considered enemies to the United States; and the local authorities were called upon to inflict forfeitures and other penalties on all such persons. Still further: the New York convention having laid before Congress their scheme for regulating the price of labour, produce, manufactured articles, and imported goods, it was adopted. But these arbitrary and unscientific measures the traders set at defiance, and the attempts to enforce them only aggravated the public distress. Loans came in slowly, the treasury ran low, the loan offices were overdrawn, and the issue of bills of credit was reluctantly recommenced; ten additional millions were speedily authorised, and as the issue increased, the depreciation naturally kept pace with it. The Commissioners in France were instructed to borrow money there, but the instructions were more easily given than executed.At length the fated 1st of March arrived, when the Paymaster of the Forces arose amidst profound silence, to state the Bill. Lord John Russell's speech was remarkable for research, accuracy, and knowledge of constitutional law, but not for oratory. He showed that the grievances of which the people complained, in connection with the Parliamentary representation, were threefirst, the nomination of members by individuals; secondly, elections by close corporations; and thirdly, the enormous expenses of elections. Sixty nomination boroughs, not having a population of 2,000 each, were to be totally disfranchised; 46 boroughs, having a population of not more than 4,000, and returning two members each, would be deprived of one. The seats thus obtained were to be given to large towns and populous counties. In boroughs, the elective franchise was to be extended to householders paying 10 rent; in counties, to copyholders of 10 a year, and leaseholders of 50. Persons already in possession of the right of voting were not to be deprived of it, if actually resident. Non-resident electors were to be disfranchised, and the duration of elections was to be shortened by increasing the facilities for taking the poll. No compensation was to be given to the proprietors of the disfranchised boroughs, which was justified under the precedent of the forty-shilling freeholders of Ireland, who had received no compensation for the loss of their votes. The question of the duration of Parliaments was reserved for future consideration.
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