Downing Street, 22nd August 1857.
Viscount Palmerston presents his humble duty to your Majesty.... Viscount Palmerston has had the honour of receiving your Majesty's communication of this morning. It is, no doubt, true that the telegraphic account received yesterday evening does not show, that at the dates mentioned from India, any improvement had taken place in the state of affairs, and the loss of Sir Henry Lawrence and of General Barnard,32 but especially of the former, is deeply to be lamented.
With regard, however, to the measures now taking to raise a force to supply the place of the troops sent to India, and to enlist recruits to fill up vacancies in the Regiments in India, Viscount Palmerston would beg to submit that the steps now taking seem to be well calculated for their purpose. The recruiting for the Army has gone on more rapidly than could have been expected at this particular time of year, and in a fortnight or three weeks from this time will proceed still more rapidly; the ten thousand Militia to be immediately embodied will be as much as could probably be got together at the present moment without much local inconvenience; but if that number should be found insufficient, it would be easy afterwards to embody more. But, if the recruiting should go on successfully, that number of Militiamen in addition to the Regulars may be found sufficient. Viscount Palmerston begs to assure your Majesty that there is no wish to make savings on the amount voted for Army Services, but, on the other hand, it would be very inconvenient and embarrassing to exceed that amount without some urgent and adequate necessity....
Footnote 32: He died of cholera at Delhi, on the 5th of July.
Osborne, 22nd August 1857.
In answer to Lord Palmerston's observations on our Military preparations, the Queen must reply that, although Lord Palmerston disclaims, on the part of the Government, the intention of making a saving on the Army estimates out of the fearful exigencies caused by the Indian Revolt, the facts still remain. The Government have sent fourteen Battalions out of the country and transferred them to the East India Company, and they mean to replace them only by ten new ones, whose organisation has been ordered; but even in these, they mean for the present to save four Companies out of every twelve. The Queen, the House of Lords, the House of Commons, and the Press, all call out for vigorous exertion, and the Government alone take an apologetic line, anxious to do as little as possible, to wait for further news, to reduce as low as possible even what they do grant, and reason as if we had at most only to replace what was sent out; whilst if new demands should come upon us, the Reserves which ought now to be decided upon and organised, are only then to be discussed. The Queen can the less reconcile herself to the system, of "letting out a little sail at a time," as Lord Palmerston called it the other day, as she feels convinced that, if vigour and determination to get what will be eventually wanted is shown by the Cabinet, it will pervade the whole Government machinery and attain its object; but that if, on the other hand, people don't see what the Government really require, and find them satisfied with a little at a time, even that little will not be got, as the subordinates naturally take the tone from their superiors. Ten Militia Regiments would not even represent the 10,000 men whom Parliament has voted the supplies for. A Battalion will probably not reach 600 for a time, and from these we hope to draw volunteers again!
The Queen hopes the Cabinet will yet look the whole question in the face, and decide while there is time what they must know will become necessary, and what must in the hurry at the end be done less well and at, probably, double the cost. The Queen can speak by very recent experience, having seen exactly the same course followed in the late War.
Osborne, 23rd August 1857.
The Queen approves of Lord Fife33 and Lord R. Grosvenor being made Peers, and of an offer being made to Mr Macaulay, although she believes he will decline the honour....
Footnote 33: James, fifth Viscount Macduff and Earl of Fife in the peerage of Ireland, was, on the 1st of October, created a Baron of the United Kingdom; he was the father of the present Duke of Fife. Lord Robert Grosvenor became Lord Ebury, and Mr Macaulay Lord Macaulay of Rothley Temple (his birthplace), in the county of Leicester.
Osborne, 25th August 1857.
The Queen has received Lord Palmerston's letter of yesterday, and must say that she is deeply grieved at her want of success in impressing upon him the importance of meeting the present dangers by agreeing on, and maturing a general plan by which to replace in kind the troops sent out of the country, and for which the money has been voted by Parliament.34 To the formation of the full number of Battalions, and their full strength in Companies, Lord Palmerston objects that the men will not be found to fill them, and therefore it is left undone; to the calling-out of more Militia, he objects that they ought not to be used as Recruiting Depôts, and if many were called out the speed with which the recruiting for the Army went on, would oblige them to be disbanded again. The War Office pride themselves upon having got 1,000 men since the recruiting began; this is equal to 1,000 a month or 12,000 a year, the ordinary wear and tear of the Army!! Where will the Reserves for India be to be found? It does not suffice merely to get recruits, as Lord Palmerston says; they will not become soldiers for six months when got, and in the meantime a sufficient number of Militia Regiments ought to be drilled, and made efficient to relieve the Line Regiments already sent, or yet to be sent, for these also are at present necessarily good for nothing.
The Queen must say that the Government incur a fearful responsibility towards their country by their apparent indifference. God grant that no unforeseen European complication fall upon this country—but we are really tempting Providence.
The Queen hopes Lord Palmerston has communicated to the Cabinet her views on the subject.
Footnote 34: After referring to the necessity for supplying by fresh drafts the gaps created in the regiments in India, Lord Palmerston had written:—
"If the Militia officers were to find that they were considered merely as drill sergeants for the Line, they would grow careless and indifferent, and many whom it is desirable to keep in the Service would leave it.
"With regard to the number of Militiamen to be embodied, the question seems to be, What is the number which will be wanted for the whole period to the 31st of March, because it would be undesirable to call out and embody now Militia Regiments which would become unnecessary during the winter by the progress of recruiting, and which, from there being no funds applicable to their maintenance, it would become necessary to disembody. The men would be now taken from industrial employment at a time when labour is wanted, and would be turned adrift in the winter when there is less demand for labour.
"With respect to recruiting for the Army, every practicable means has been adopted to hasten its success. Recruiting parties have been scattered over the whole of the United Kingdom, and the permanent staff of the disembodied Militia have been furnished with Beating Warrants enabling them to enlist recruits for the Line; and the recruiting has been hitherto very successful. The only thing to be done is to raise men as fast as possible, and to post them as they are raised to the Regiments and Battalions for which they engage. The standard, moreover, has been lowered...."
Piccadilly, 31st August 1857.
... Viscount Palmerston would beg to submit for your Majesty's consideration whether he might be authorised by your Majesty to offer to Lord Lansdowne promotion to the title of Duke. Your Majesty may possibly not have in the course of your Majesty's reign, long as it is to be hoped that reign will be, any subject whose private and public character will during so long a course of years as those which have been the period of Lord Lansdowne's career, have more entitled him to the esteem and respect of his fellow-countrymen, and to the approbation of his Sovereign.
Lord Lansdowne has now for several years given your Majesty's Government the great and valuable support of his advice in council, his assistance in debate, and the weight of his character in the country, without any office. His health and strength, Viscount Palmerston cannot disguise from himself, have not been this year such as they had been; and if your Majesty should contemplate marking at any time your Majesty's sense of Lord Lansdowne's public services, there could not be a better moment for doing so than the present; and Viscount Palmerston has reason to believe that such an act of grace would be very gratifying to the Liberal Party, and would be deemed well bestowed even by those who are of opposite politics.35
Mr Macaulay accepts the Peerage with much gratitude to your Majesty.
Footnote 35: Lord Lansdowne declined the honour.
Balmoral Castle, 2nd September 1857.
Dearest Uncle,—... We are in sad anxiety about India, which engrosses all our attention.36 Troops cannot be raised fast or largely enough. And the horrors committed on the poor ladies—women and children—are unknown in these ages, and make one's blood run cold. Altogether, the whole is so much more distressing than the Crimea—where there was glory and honourable warfare, and where the poor women and children were safe. Then the distance and the difficulty of communication is such an additional suffering to us all. I know you will feel much for us all. There is not a family hardly who is not in sorrow and anxiety about their children, and in all ranks—India being the place where every one was anxious to place a son!
We hear from our people (not Fritz) from Berlin, that the King is in a very unsatisfactory state. What have you heard?...
Now, with Albert's love, ever your devoted Niece,
Footnote 36: At Balmoral the Queen learned in greater detail of the atrocities which had been committed upon the garrison at Cawnpore.
Brocket, 10th September 1857.
Viscount Palmerston presents his humble duty to your Majesty and begs to submit that an impression is beginning to prevail that it would be a proper thing that a day should be set apart for National Prayer and Humiliation with reference to the present calamitous state of affairs in India, upon the same principle on which a similar step was taken during the Crimean War; and if your Majesty should approve, Viscount Palmerston would communicate on the subject with the Archbishop of Canterbury.... It is usual on such occasions that the Archbishop of Canterbury should attend,37 but in consideration of the distance his attendance might well be dispensed with on the present occasion.
Footnote 37: I.e. at the meeting of the Council which was to be summoned.
Balmoral, 11th September 1857.
Lord Palmerston knows what the Queen's feelings are with regard to Fast-days, which she thinks do not produce the desired effect—from the manner in which they are appointed, and the selections made for the Service—but she will not oppose the natural feeling which any one must partake in, of a desire to pray for our fellow-countrymen and women who are exposed to such imminent danger, and therefore sanctions his consulting the Archbishop on the subject. She would, however, suggest its being more appropriately called a day of prayer and intercession for our suffering countrymen, than of fast and humiliation, and of its being on a Sunday, and not on a week-day: on the last Fast-day, the Queen heard it generally remarked, that it produced more harm than good, and that, if it were on a Sunday, it would be much more generally observed. However, she will sanction whatever is proper, but thinks it ought to be as soon as possible38 (in a fortnight or three weeks) if it is to be done at all.
She will hold a Council whenever it is wished.39
Footnote 38: It was kept on the 7th of October (a Wednesday).
Footnote 39: Shortly after the date of this letter came the intelligence from India that Delhi had not fallen, and that the Lucknow garrison was not yet relieved. This news, coupled with the tidings of fresh outbreaks, and the details of the horrors of Cawnpore, generated deep feelings of resentment in the country.
Balmoral Castle, 23rd September 1857.
The Queen hopes that the arrival of troops and ships with Lord Elgin will be of material assistance, but still it does not alter the state of affairs described by the Queen in her letter, which she wrote to Lord Palmerston, and which she is glad to see Lord Clarendon agrees in. Though we might have perhaps wished the Maharajah40 to express his feelings on the subject of the late atrocities in India, it was hardly to be expected that he (naturally of a negative, though gentle and very amiable disposition) should pronounce an opinion on so painful a subject, attached as he is to his country, and naturally still possessing, with all his amiability and goodness, an Eastern nature; he can also hardly, a deposed Indian Sovereign, not very fond of the British rule as represented by the East India Company, and, above all, impatient of Sir John Login's41 tutorship, be expected to like to hear his country-people called fiends and monsters, and to see them brought in hundreds, if not thousands, to be executed.
His best course is to say nothing, she must think.
It is a great mercy he, poor boy, is not there.
Footnote 40: Lord Clarendon had written that he was "sorry to learn that the Maharajah (Dhuleep Singh) had shown little or no regret for the atrocities which have been committed, or sympathy with the sufferers."
Footnote 41: Sir John Spencer Login, formerly surgeon at the British Residency, Lucknow, guardian of the Maharajah Dhuleep Singh, 1849-1858.
Calcutta, 25th September 1857.
Lord Canning presents his humble duty to your Majesty, and asks leave again to address your Majesty, although the desire which he has felt that his next letter should announce to your Majesty the fall of Delhi, and the first steps towards a restoration of your Majesty's Authority throughout the revolted Districts, cannot as yet be accomplished. But although it is not in Lord Canning's power to report any very marked success over the Rebels, he can confidently assure your Majesty that a change in the aspect of affairs is gradually taking place, which gives hope that the contest is drawing to a close, and the day of punishment at hand....
Another ground for good hopes is the appearance of things at Lucknow. News just received from Sir James Outram announces that he has joined General Havelock's force at Cawnpore, and that the Troops crossed the Ganges into Oudh on the 19th, with hardly any opposition. The European force now advancing on Lucknow is about [ ]42 strong, well provided with Artillery. The beleaguered Garrison was in good spirits on the 16th of September, and had provisions enough to last to the end of the month. They had lately inflicted severe losses on their assailants, and some of the latter had dispersed. The influential proprietors and chiefs of the country had begun to show symptoms of siding with us.
This is a very different state of things from that which existed when General Havelock's force retired across the Ganges in July; and Lord Canning prays and believes that your Majesty will be spared the pain and horror of hearing that the atrocities of Cawnpore have been re-enacted upon the brave and enduring garrison of Lucknow. Every English soldier who could be made to reach Cawnpore has been pushed on to General Outram, even to the denuding of some points of danger in the intervening country, and General Outram's instructions are to consider the rescue of the garrison as the one paramount object to which everything else is to give way. The garrison (which, after all, is nothing more than the House of the Resident, with defences hastily thrown up) contains about three hundred and fifty European men, four hundred and fifty women and children, and one hundred and twenty sick, besides three hundred natives, hitherto faithful. The city, and even the province, may be abandoned and recovered again, but these lives must be saved now or never; and to escape the sorrow and humiliation of such barbarities as have already been endured elsewhere is worth any sacrifice. It is in consideration of the state of things at these two most critical points, Delhi and Lucknow, that Lord Canning ventures to ask your Majesty to look hopefully to the events of the next few weeks; notwithstanding that he is unable to announce any signal success....
Sir Colin Campbell has been in a state of delight ever since his favourite 93rd landed five days ago.43 He went to see them on board their transport before they disembarked, and when Lord Canning asked how he found them, replied that the only thing amiss was that they had become too fat on the voyage, and could not button their coats. But, indeed, all the troops of the China force have been landed in the highest possible condition of health and vigour. The 23rd, from its large proportion of young soldiers, is perhaps the one most likely to suffer from the climate and the hardships of the Service—for, although no care or cost will be spared to keep them in health and comfort, Lord Canning fears that hardships there must be, seeing how vast an extent of usually productive country will be barren for a time, and that the districts from which some of our most valuable supplies, especially the supply of carriage animals, are drawn, have been stripped bare, or are still in revolt. As it is, the Commander-in-Chief has most wisely reduced the amount of tent accommodation for officers and men far below the ordinary luxurious Indian allowance.
The presence of the ships of the Royal Navy has been of the greatest service. At least eleven thousand seamen and marines have been contributed by them for duty on shore, and the broadsides of the Sanspareil, Shannon, and Pearl, as they lie along the esplanade, have had a very reassuring effect upon the inhabitants of Calcutta, who, until lately, have insisted pertinaciously that their lives and property were in hourly danger.44
No line-of-battle ship has been seen in the Hooghly since Admiral Watson sailed up to Chandernagore just a hundred years ago;45 and certainly nothing in his fleet was equal to the Sanspareil. The natives stare at her, and call her "the four-storied boat."
For the future, if Delhi should fall and Lucknow be secured, the work of pacification will go forward steadily. Many points will have to be watched, and there may be occasional resistance; but nothing like an organised contest against authority is probable. The greatest difficulties will be in the civil work of re-settlement. The recent death of Mr Colvin,46 the Lieutenant-Governor of the North-Western Provinces, has removed an officer whose experience would there have been most valuable. He has died, fairly exhausted; and is the fourth officer of high trust whose life has given way in the last four months.
One of the greatest difficulties which lie ahead—and Lord Canning grieves to say so to your Majesty—will be the violent rancour of a very large proportion of the English community against every native Indian of every class. There is a rabid and indiscriminate vindictiveness abroad, even amongst many who ought to set a better example, which it is impossible to contemplate without something like a feeling of shame for one's fellow-countrymen. Not one man in ten seems to think that the hanging and shooting of forty or fifty thousand mutineers, besides other Rebels, can be otherwise than practicable and right; nor does it occur to those who talk and write most upon the matter that for the Sovereign of England to hold and govern India without employing, and, to a great degree, trusting natives, both in civil and military service, is simply impossible. It is no exaggeration to say that a vast number of the European community would hear with pleasure and approval that every Hindoo and Mohammedan had been proscribed, and that none would be admitted to serve the Government except in a menial office. That which they desire is to see a broad line of separation, and of declared distrust drawn between us Englishmen and every subject of your Majesty who is not a Christian, and who has a dark skin; and there are some who entirely refuse to believe in the fidelity or goodwill of any native towards any European; although many instances of the kindness and generosity of both Hindoos and Mohammedans have come upon record during these troubles.
To those whose hearts have been torn by the foul barbarities inflicted upon those dear to them any degree of bitterness against the natives may be excused. No man will dare to judge them for it. But the cry is raised loudest by those who have been sitting quietly in their homes from the beginning and have suffered little from the convulsions around them unless it be in pocket. It is to be feared that this feeling of exasperation will be a great impediment in the way of restoring tranquillity and good order, even after signal retribution shall have been deliberately measured out to all chief offenders.47
Lord Canning is ashamed of having trespassed upon your Majesty's indulgence at such length. He will only add that he has taken the liberty of sending to your Majesty by this mail a map which has just been finished, showing the distribution of the Army throughout India at the time of the outbreak of the Mutiny. It also shows the Regiments of the Bengal Army which have mutinied, and those which have been disarmed, the number of European troops arrived in Calcutta up to the 19th of September, and whence they came; with some few other points of information.
There may be some slight inaccuracies, as the first copies of the map have only just been struck off, and have not been corrected; but Lord Canning believes that it will be interesting to your Majesty at the present moment.
Lord Canning begs to be allowed to express his earnest wishes for the health of your Majesty, and of His Royal Highness Prince Albert, and to offer to your Majesty the humble assurance of his sincere and dutiful devotion.
Footnote 42: Word omitted in the original.
Footnote 43: At the battle of the Alma, Sir Colin Campbell, in command of the 2nd or Highland Brigade of the 1st Division, had, with his Highlanders in line, routed the last compact column of the Russians. On the 11th of July 1857, he was appointed Commander-in-Chief in India, and started literally at one day's notice, reaching Calcutta on the 14th of August.
Footnote 44: The services of the Naval Brigade, at the relief of Lucknow, were warmly recognised by Sir Colin Campbell, and especially the gallantry of Captain Peel of the Shannon.
Footnote 45: In retribution for the atrocity of the Black Hole of Calcutta, Watson, under instructions from Clive, reduced Chandernagore on the 23rd of March 1757; the battle of Plassey was fought on the 23rd of June.
Footnote 46: John Russell Colvin, formerly Private Secretary to Lord Auckland, had been Lieutenant-Governor since 1853.
Footnote 47: Lord Canning having promulgated a Proclamation in July, enjoining the Civil Servants of the East India Company to refrain from unnecessary severity, had earned the sobriquet of "Clemency Canning."
Balmoral, 28th September 1857.
The Queen is much surprised at Lord Clarendon's observing that "from what he hears the Maharajah was either from nature or early education cruel."48 He must have changed very suddenly if this be true, for if there was a thing for which he was remarkable, it was his extreme gentleness and kindness of disposition. We have known him for three years (our two boys intimately), and he always shuddered at hurting anything, and was peculiarly gentle and kind towards children and animals, and if anything rather timid; so that all who knew him said he never could have had a chance in his own country. His valet, who is a very respectable Englishman, and has been with him ever since his twelfth year, says that he never knew a kinder or more amiable disposition. The Queen fears that people who do not know him well have been led away by their present very natural feelings of hatred and distrust of all Indians to slander him. What he might turn out, if left in the hands of unscrupulous Indians in his own country, of course no one can foresee.
Footnote 48: See ante, p. 248, note 40.
Windsor Castle, 17th October 1857.
The Queen has received yesterday evening the box with the Dockyard Returns. It will take her some time to peruse and study them; she wishes, however, to remark upon two points, and to have them pointed out also to Sir Charles Wood,49 viz. first, that they are dated some as early as the 27th August, and none later than the 10th September, and that she received them, only on the 17th October; and then that there is not one original Return amongst them, but they are all copies! When the Queen asks for Returns, to which she attaches great importance, she expects at least to see them in original.
Footnote 49: First Lord of the Admiralty.
Windsor Castle, 25th October 1857.
The Queen returns these letters. It would be well if Lord Clarendon would tell Lord Bloomfield not to entertain the possibility of such a question as the Princess Royal's marriage taking place at Berlin.50 The Queen never could consent to it, both for public and private reasons, and the assumption of its being too much for a Prince Royal of Prussia to come over to marry the Princess Royal of Great Britain IN England is too absurd, to say the least. The Queen must say that there never was even the shadow of a doubt on Prince Frederick William's part as to where the marriage should take place, and she suspects this to be the mere gossip of the Berliners. Whatever may be the usual practice of Prussian Princes, it is not every day that one marries the eldest daughter of the Queen of England. The question therefore must be considered as settled and closed....
Footnote 50: The marriage took place at the Chapel Royal, St James's.
Windsor Castle, 12th November 1857.
The Queen thanks Lord Clarendon much for his kind and sympathising letter, and is much gratified at Count Persigny's kind note. He is a good, honest, warm-hearted man, for whom we have sincere esteem. The news from India was a great relief and a ray of sunshine in our great affliction.51 The Queen had the happiness of informing poor Sir George Couper of the relief of Lucknow, in which for four months his son, daughter-in-law, and grandchildren were shut up. The loss of two such distinguished officers as Generals Nicholson and Neill, and alas! of many inferior ones, is, however, very sad.
We visited the house of mourning yesterday, and no words can describe the scene of woe.52 There was the venerable Queen with the motherless children, admirable in her deep grief, and her pious resignation to the Will of God! yet even now the support, the comfort of all, thinking but of others and ready to devote her last remaining strength and her declining years to her children and grandchildren. There was the broken-hearted, almost distracted widower—her son—and lastly, there was in one room the lifeless, but oh! even in its ghostliness, most beautiful form of his young, lovely, and angelic wife, lying in her bed with her splendid hair covering her shoulders, and a heavenly expression of peace; and in the next room, the dear little pink infant sleeping in its cradle.
The Queen leaves to Lord Clarendon's kind heart to imagine what this spectacle of woe must be, and how deeply afflicted and impressed we must be—who have only so lately had a child born to us and have been so fortunate! The Prince has been completely upset by this; and she was besides like a dear sister to us. God's will be done! But it seems too dreadful almost to believe it—too hard to bear. The dear Duchess's death must have been caused by some affection of the heart, for she was perfectly well, having her hair combed, suddenly exclaimed to the Nurse, "Oh! mon Dieu, Madame"—her head fell on one side—and before the Duke could run upstairs her hand was cold! The Queen had visited her on Saturday—looking well—and yesterday saw her lifeless form in the very same spot!
If Lord Clarendon could give a slight hint to the Times to say a few words of sympathy on the awful and unparalleled misfortune of these poor exiles, she is sure it would be very soothing to their bleeding hearts.... The sad event at Claremont took place just five days later than the death of poor Princess Charlotte under very similar circumstances forty years ago; and the poor Duchess was the niece of Princess Charlotte's husband.
Footnote 51: Havelock, in consequence of the strength of the rebels in Oudh, had been unable to march to the assistance of Lucknow immediately after the relief of Cawnpore. He joined hands with Outram on the 10th of September, and reinforced the Lucknow garrison on the 25th.
Footnote 52: In a pathetic letter, just received, the Duc de Nemours (second son of Louis Philippe) had announced the death of his wife, Queen Victoria's beloved cousin and friend. She was only thirty-five years of age, and had been married at eighteen. She had seemed to make a good recovery after the birth of a child on the 28th of October, but died quite suddenly on the 10th of November, while at her toilette.
Downing Street, 12th November 1857.
Viscount Palmerston presents his humble duty to your Majesty, and begs to state that the condition of financial affairs became worse to-day than it was yesterday.53 The Governor of the bank represented that almost all private firms have ceased to discount bills, and that the Reserve Fund of the Bank of England, out of which discounts are made and liabilities satisfied, had been reduced last night to £1,400,000, and that if that fund should become exhausted the bank would have to suspend its operations. Under these circumstances it appeared to Viscount Palmerston, and to the Chancellor of the Exchequer, that a case had arisen for doing the same thing which was done under somewhat similar circumstances in 1847—that is to say, that a letter should be written by the first Lord of the Treasury and the Chancellor of the Exchequer to the Governor of the Bank of England, saying that if under the pressure of the emergency the bank should deem it necessary to issue more notes than the amount to which they are at present confined by law, the Government would apply to Parliament to grant them an indemnity.
This Measure, in 1847, had the effect of stopping the then existing panic, and the necessity for making such an issue did not arise; on the present occasion this announcement will, no doubt, have a salutary effect in allaying the present panic, but as the bank had to discount to-day bills to the amount of £2,000,000, which they could not have done out of a fund of £1,400,000, unless deposits and payments in, to a considerable amount, had been made, the probability is that the issue thus authorised will actually be made. The Governor and Deputy-Governor of the bank represented that the communication, in order to be effectual and to save from ruin firms which were in imminent danger, ought to be made forthwith, so that they might be enabled to announce it on the Stock Exchange before the closing of business at four o'clock. Viscount Palmerston and Sir George Lewis therefore signed at once, and gave to the Governor of the bank the letter of which the accompanying paper is a copy, the pressure of the matter not allowing time to take your Majesty's pleasure beforehand.
The state of things now is more urgent than that which existed in 1847, when the similar step was taken; at that time the Reserve Fund was about £1,900,000, last night it was only £1,400,000; at that time the bullion in the bank was above £8,000,000, it is now somewhat less than £8,000,000; at that time things were mending, they are now getting worse.
But however necessary this Measure has been considered, and however useful it may be expected to be, it inevitably entails one very inconvenient consequence. The Government have authorised the bank to break the law, and whether the law shall actually be broken or not, it would be highly unconstitutional for the Government not to take the earliest opportunity of submitting the matter to the knowledge of Parliament. This course was pursued in 1847. The letter from Lord John Russell and Sir Charles Wood to the Governor of the bank was dated on the 25th October, Parliament then stood prorogued in the usual way to the 11th November, but a council was held on the 31st October, at which your Majesty summoned Parliament to meet for the despatch of business on the 18th November; and on that day the session was opened in the usual way by a Speech from the Throne. It would be impossible under present circumstances to put off till the beginning of February a communication to Parliament of the step taken to-day.
Viscount Palmerston therefore would beg to submit for your Majesty's approval that a Council might be held at Windsor on Monday next, and that Parliament might then be summoned to meet in fourteen days. This would bring Parliament together in the first days of December, and after sitting ten days, or a fortnight, if necessary, it might be adjourned till the first week in February.54
Viscount Palmerston submits an explanatory Memorandum which he has just received for your Majesty's information from the Chancellor of the Exchequer....
Footnote 53: The financial crisis had originated in numerous stoppages of banks in the United States, where premature schemes of railway extension had involved countless investors in ruin; in consequence, the pressure on firms and financial houses became even more acute than in 1847; see ante, vol. ii. pp. 130, 131. The bank rate now rose to 10 per cent. as against 9 per cent. in that year, and the bank reserve of bullion was alarmingly depleted.
Footnote 54: Parliament accordingly met on the 3rd of December, and the Session was opened by the Queen in person. The Act of Indemnity was passed without serious opposition, and a select committee re-appointed to enquire into the operation of the Bank Charter Act.