It was not a very agreeable session. The potato famine did something more than repeal the corn laws. It proved that there was no floating capital left in the country; and when the Barings and Rothschilds combined, almost as much from public spirit as from private speculation, to raise a loan of a few millions for the minister, they absolutely found the public purse was exhausted, and had to supply the greater portion of the amount from their own resources. In one of the many financial debates that consequently occurred, Trenchard established himself by a clear and comprehensive view of the position of affairs, and by modestly reminding the House, that a year ago he had predicted the present condition of things, and indicated its inevitable cause.

This was the great speech on a great night, and Mr. Bertie Tremaine walked home with Trenchard. It was observed that Mr. Bertie Tremaine always walked home with the member who had made the speech of the evening.

“Your friends did not behave well to you,” he said in a hollow voice to Trenchard. “They ought to have made you Secretary of the Treasury. Think of this. It is an important post, and may lead to anything; and, so far as I am concerned, it would give me real pleasure to see it.”

But besides the disquietude of domestic affairs, famine and failures competing in horrible catastrophe and the Bank Act suspended, as the year advanced matters on the Continent became not less dark and troubled. Italy was mysteriously agitated; the pope announced himself a reformer; there were disturbances in Milan, Ancona, and Ferrara; the Austrians threatened the occupation of several States, and Sardinia offered to defend His Holiness from the Austrians. In addition to all this, there were reform banquets in France, a civil war in Switzerland, and the King of Prussia thought it prudent to present his subjects with a Constitution.

The Count of Ferroll about this time made a visit to England. He was always a welcome guest there, and had received the greatest distinction which England could bestow upon a foreigner; he had been elected an honorary member of White’s. “You may have troubles here,” he said to Lady Montfort, “but they will pass; you will have mealy potatoes again and plenty of bank notes, but we shall not get off so cheaply. Everything is quite rotten throughout the Continent. This year is tranquillity to what the next will be. There is not a throne in Europe worth a year’s purchase. My worthy master wants me to return home and be minister; I am to fashion for him a new constitution. I will never have anything to do with new constitutions; their inventors are always the first victims. Instead of making a constitution, he should make a country, and convert his heterogeneous domains into a patriotic dominion.”

“But how is that to be done?”

“There is only one way; by blood and iron.”

“My dear count, you shock me!”

“I shall have to shock you a great deal more before the inevitable is brought about.”

“Well, I am glad that there is something,” said Lady Montfort, “which is inevitable. I hope it will come soon. I am sure this country is ruined. What with cheap bread at famine prices and these railroads, we seem quite finished. I thought one operation was to counteract the other; but they appear both to turn out equally fatal.”