The City's desire for peace, Jan., 1795.
The scarcity of wheat and the prospect of a bad harvest in 1795, had already predisposed the citizens for a cessation of hostilities abroad. As early as the 23rd January, 1795, a special Common Hall had been summoned by request, and a petition to the House of Commons had been drawn up praying the House to disclaim all right of interference in the internal concerns of France, and to take such measures as it should seem fit to bring about a speedy peace. The war, they said, ought never to have been entered upon and was based on a wrong principle.[579] The Common Council were more reserved, and, whilst assuring the king of their support, expressed a desire for such a peace only as could be procured with dignity and honour.[580]
Assault on the king, 29 Oct., 1795.
As the year wore on and distress increased, the cry for peace became more general, and the government resolved upon an Autumn Session. Matters indeed had become so serious that when the king drove down to Westminster to open Parliament he was assailed on all sides with cries of "bread, bread! peace, peace!" and his carriage window was broken by a pebble or bullet. On his return he was again met with similar shouts, and he escaped with difficulty to Buckingham Palace. The Common Council at once offered their congratulations on his providential escape, and expressed their horror at the attack that had been made upon him. They at the same time embraced the opportunity, thus afforded, of thanking him for the declaration he had made of giving "the fullest and speediest effect to a negotiation for a general peace," whenever the condition of affairs in France would allow of it.[581] In consequence of this ebullition of public feeling, Pitt introduced and passed two Bills, commonly known as the Sedition and Treason Bills. The severity of these Bills was thought by many to be unreasonable, and brought much obloquy upon the minister; but the necessity of some such steps being taken to put down sedition was acknowledged by the Common Council.[582]
Negotiations for peace, 1796.
In December (1795), Pitt brought a royal message to Parliament declaring that the establishment of a new constitution (viz., the Directory) in France offered facilities for negotiations,[583] and in the following March (1796), overtures were made through the British envoy in Switzerland. They were, however, ungraciously received, and matters remained as they were until the following October, when the king notified his intention to the new Parliament of despatching a minister to Paris for the purpose of re-opening negotiations. By a certain section of the Common Council the news was received with anything but favour, and they would gladly have seen Pitt dismissed. The majority, however, preferred to present a loyal address to the king, assuring him that in the event of the negotiations failing he might depend upon the City for future support in any crisis that might arise. The king thanked the City.[584] As was feared, the negotiations again proved fruitless. France was all the while preparing to make a descent on Ireland, and as soon as these preparations were complete, the British ambassador was abruptly ordered to quit Paris (19 Dec.).
The "Loyalty Loan" of £18,000,000 Dec., 1796.
Thanks to the minister at the head of affairs the crisis did not find England unprepared. Fresh levies had already been made, both for the army and the navy; supplementary corps of militia had been raised, and plans laid for forming bodies of irregular infantry and cavalry. One thing only was wanting, and that was money. In order to raise this, Pitt at first thought of introducing a Bill to compel all persons enjoying a certain amount of income to subscribe one-fourth for the service of the country. On second thoughts, however, he preferred to trust to the patriotic spirit of the nation. He believed that many would be found ready to contribute even a larger proportion of their income if only an example were set by the Bank of England and the Corporation of London. The sum required was large, being no less than £18,000,000, and the terms he had to offer were scarcely remunerative. On the last day of November he addressed a letter to the governor of the Bank of England, desiring him to lay the proposal before the directors, and at the same time expressing a hope that they might "not be disinclined to take the lead in a measure which must have the most beneficial effect on public credit and the most evident tendency to accelerate the restoration of peace on secure and honourable terms."[585]
Pitt's letter to the lord mayor, 1 Dec., 1796.
The next day (1 Dec.) he wrote to the lord mayor, urging him to lay the matter before the Common Council;—"The repeated proofs which the citizens of London have given of their zeal and public spirit leave me no doubt that if it appears likely to promote the interests of the country at this important crisis, it will receive their cheerful support in their individual capacity, as well as that of the corporate body and of the different public companies. It is unnecessary for me to state the effect which such an example would produce throughout the kingdom." To this the mayor (Brook Watson) replied that previous to the receipt of the letter he had been desired by a number of members to call a Common Council as soon as possible to consider the grant of an aid to government at the present crisis, and that he had in consequence summoned a court for the following Monday (5 Dec.).[586]