[167] Journal 62, fos. 161-161b. A lead plate, bearing the inscription in English, is preserved in the Guildhall Museum.

[CHAPTER XXXVII.]

The accession of George III, 1760.

On the 26th October George III was proclaimed king in the city in the presence of the mayor and aldermen.[168] The usual addresses were presented by the Courts of Aldermen and Common Council, special reference being made by the latter body to the "bloody and expensive war" in which the country was then engaged. They expressed a hope that the new king would continue to carry on the war as prudently and successfully as it had been carried on hitherto, until an end should be put to it by a firm and honourable peace. The king in reply echoed this wish of the citizens, and promised to look after their "liberties, commerce and happiness."[169]

The fall of Pitt, 1761.

George had not long been seated on the throne before he began to display unmistakable signs of a determination to follow the precepts instilled into his young mind by his mother, the Princess of Wales, and to "be a king" in fact as well as in name. The six months that elapsed before Parliament was dissolved[170] were marked with no great changes, although indications were not wanting of what was likely to take place. With the dissolution (20 March, 1761), however, important changes were made in the ministry, and it became clear that the king was resolved to rule by ministers of his own choosing. Bute, the particular friend and adviser of the Princess of Wales, was appointed one of the secretaries of state. His admission into the ministry could not mean otherwise than sooner or later the dismissal of Pitt, for on the great question of the day—the war with France—they were in direct antagonism; and so it turned out. Pitt would gladly have made peace[171] had not the honour of the country demanded a declaration of war with Spain as well as with France owing to a secret clause in the Family Compact which had come to his knowledge. The ministry refused to declare war, and in the following October Pitt and his brother-in-law, Earl Temple, resigned. In consideration of his great services a peerage in her own right was conferred on Pitt's wife, whilst a pension of £3,000 a year, for three lives, was bestowed on himself.

His letter to Alderman Beckford, 15 Oct., 1761.

Pitt's resignation, and more especially his acceptance of a pension, gave rise to so many slanderous rumours and brought upon him so much obloquy that he found it necessary to write to his friend, alderman Beckford, explaining the exact position of affairs:[172] "A difference of opinion with regard to measures to be taken against Spain, of the highest importance to the honour of the crown, and to the most essential national interests, and this founded on what Spain had already done, not on what that court may further intend to do, was the cause of my resigning the seals. Lord Temple and I submitted in writing, and signed by us, our most humble sentiments to his majesty; which being over-ruled by the united opinion of all the rest of the king's servants I resigned the seals on Monday, the 5th of the month (October), in order not to remain responsible for measures which I was no longer allowed to guide." In the same dignified strain he tells his friend of the honours bestowed on him by his sovereign, the acceptance of which had set malicious tongues wagging. "Most gracious marks of his majesty's approbation of my services followed my resignation. They are unmerited and unsolicited; and I shall ever be proud to have received them from the best of sovereigns."

The City's vote of thanks to Pitt, 22 Oct., 1761.

The letter was written on the 15th October (1761), and a few days later (22 Oct.) the Common Council passed a vote of thanks to Pitt by a large majority—109 votes to 15—acknowledging his many great and eminent services, and testifying the City's gratitude not only for having roused "the ancient spirit" of the nation from the pusillanimous state into which it had fallen, but also for his having greatly extended the sphere of trade and commerce. In conclusion the Court expressed its sorrow at "the national loss of so able, so faithful a minister at this critical conjuncture."[173] Pitt was highly gratified at this recognition of his services, and in his acknowledgment of the vote paid the following tribute to the City's loyalty and zeal:—"It will ever be remembered to the glory of the city of London that through the whole course of this arduous war that great seat of commerce has generously set the illustrious example of steady zeal for the dignity of the crown and of unshaken firmness and magnanimity."[174] This was no mean praise coming from such a man.