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TWO:Of course, the commercial changes introduced by Mr. Huskisson and Mr. Robinson excited loud murmurs of dissatisfaction from the interests affected, especially the shipping interest. But the best answer to objectors was the continuously flourishing state of the country. At the opening of the Session in 1825, Lord Dudley and Ward, in moving the Address in answer to the King's Speech in the Upper House, observed:"Our present prosperity is a prosperity extending to all orders, all professions, and all districts, enhanced and invigorated by the flourishing state of all those arts which minister to human comfort, and those inventions by which man obtains a mastery over nature by the application of her own powers, and which, if one had ventured to foretell a few years ago, it would have appeared almost incredible." This happy state of things was the result of a legitimate expansion of trade. Manufacturers and merchants were at first guided by a spirit of sober calculation. The steady advance in the public securities, and in the value of property of all sorts, showed that the national wealth rested upon a solid basis. The extension of the currency kept pace with the development of trade and commerce, and the circulation of bankers' paper was enormously increased. But out of the national prosperity there arose a spirit of rash speculation and adventure, resulting in a monetary crisis. The issue of notes by country banks was under no restriction; no measures were taken to secure that their paper represented property, and could be redeemed if necessary. There were hundreds of bankers in the provinces who could issue any quantity of notes they pleased, and these passed as cash from hand to hand. The spirit of speculation and enterprise was stimulated to a feverish degree of excitement by the recognition of the states of Colombia, Mexico, and Buenos Ayres, formally announced in the King's Speech on the 3rd of February, which said that treaties of commerce had been made with those new states. The rich districts of South America being thus thrown open, there was a rush of capitalists and adventurers to work its inexhaustible mines. A number of companies was formed for the purpose, and the gains of some of them in a few months amounted to fifteen hundred per cent. The result was a mania of speculation, which seized upon all classes, pervaded all ranks, and threw the most sober and quiet members of society into a state of tumultuous excitement. Joint-stock companies almost innumerable were established, to accomplish all sorts of undertakings. There were thirty-three companies for making canals and docks, forty-eight for making railroads, forty-two for gas, twenty insurance companies, twenty-three banking companies, twelve navigation packet companies, five indigo and sugar companies, thirty-four metal companies, and many others. The amount of capital subscribed in these various companies, which numbered two hundred and seventy-six, was upwards of 174,000,000. In connection with South America there was the Anglo-Mexican Company, the Brazilian, the Colombian, Real de Monte, and the United Mexican. On the South American shares only ten pounds each had been paid, except the Real de Monte, on which 70 had been paid. We may judge of the extent to which gambling speculation was carried from the following statement of the market prices of the shares, in five of the principal mining companies[243], at two periods, December 10th, 1824, and January 11th, 1825:The business of the session now hastened to its close. Votes were given for forty thousand seamen and eleven thousand marines; for sixteen thousand British troops in Flanders, and twenty-three thousand for guards and garrisons at home. For the year's supplies six millions of pounds were voted, and then Parliament was prorogued on the 21st of April. In doing this, George told the Houses that he had ordered his army to pass the Rhine to support the Queen of Hungary. No sooner had Parliament closed, than George, accompanied by his son, the Duke of Cumberland, and Lord Carteret, hastened off to Germany. The British army, which the king had ordered to march from Flanders to aid the Austrians, had set out at the end of February. They were commanded by Lord Stair, and on their route were joined by several Austrian regiments under the Duke of Aremberg, and the sixteen thousand Hanoverians in British pay, who had wintered at Lige. They marched so slowly that they only crossed the Rhine in the middle of May. They halted at H?chst, between Mayence and Frankfort, awaiting the six thousand Hanoverians in Electoral pay, and an equal number of Hessians, who had been garrisoning the fortresses of Flanders, but who were now relieved by Dutch troops. Stair had now forty thousand men, and might easily have seized the Emperor at Frankfort. All parties had respected, however, the neutrality of Frankfort, and Stair did the same, probably because the Emperor, having no subjects to ransom him, might have proved rather a burden on his hands. De Noailles, on his part, had sixty thousand men, independently of the twelve thousand furnished to Broglie. He kept an active eye on the motions of the allied army, and as Stair encamped on the northern bank of the Main, he also passed the Rhine and encamped on the southern bank of the Main. The two camps lay only four leagues from each other, presenting a most anomalous aspect.

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THREE:It was the lot of the Earl of Clarendon to govern Ireland during the most trying period of her history. It was a trying crisis, affording great opportunity to a statesman of pre-eminent ability to lay broad and solid foundations for a better state of society. But though a painstaking and active administrator, Clarendon was not a great statesman; he had no originating power to organise a new state of things, nor prescience to forecast the future; but he left no means untried by which he could overcome present difficulties. The population had been thinned with fearful rapidity; large numbers of the gentry had been reduced from affluence to destitution; property was changing hands on all sides; the Government had immense funds placed at its command; a vast machinery and an enormous host of officials operating upon society when it was in the most plastic and unresisting state, a high order of statesmanship could have made an impress upon it that would have endured for ages. But Lord Clarendon's government, instead of putting forth the power that should have guided those mighty resources to beneficial and permanent results, allowed them to be agencies of deterioration. The truth is, he was frightened by a contemptible organisation, existing openly under his eyes in Dublin, for the avowed purpose of exciting rebellion and effecting revolution. The conspirators might have been promptly dealt with and extinguished in a summary way; but instead of dealing with it in this manner, Clarendon watched over its growth, and allowed it to come to maturity, and then brought to bear upon it a great military force and all the imposing machinery of State trials; the only good result of which was a display of forensic eloquence worthy of the days of Flood and Grattan.No sooner was this motion made than Spencer Perceval rose to oppose it. Sidmouth worked upon the king's feelings by sending in his resignation, and the Duke of Portland had offered to form a Ministry in accordance with the king's feelings. The Bill was, notwithstanding, brought in, read a first time, and the second reading fixed for the 12th of March. But now it was found that the king, who had previously received the Ministerial proposal without any comment, seeing his way clear with another Ministry, refused even his qualified consent to the prosecution of the measure. The Ministers postponed the second reading to the 18th, promising an after-statement of their reasons. But their reasons were already well known in both Houses of Parliament through the private communications of the embryo Cabinet. On the 25th of March there were motions made in both Houses for an adjournment: this was to allow the new Ministry to be announced in the interval. In the Lords, Earl Grenville seized the opportunity to make some observations in defence of the conduct of his Cabinet during its possession[534] of office. He said they had entered it with the determination to carry these important measures, if possible: the Sinking Fund, the abolition of the Slave Trade, and the relief of the Catholics. He was happy to say that they had carried two of them; and though they had found the resistance in a certain quarter too strong for them to carry the third, they conceived that never did the circumstances of the times point out more clearly the sound policy of granting it. France had wonderfully extended her power on the Continent; peace between her and the nations she had subdued would probably lead Buonaparte to concentrate his warlike efforts on this country. What so wise, then, as to have Ireland attached to us by benefits? With these views, the king, he said, had been induced to allow Ministers to make communications to the Catholics of Ireland through the Lord-Lieutenant, which he had seemed to approve; yet when these communications as to the intended concessions had been made, his Majesty had been induced to retract his assent to them. Ministers had then endeavoured to modify the Bill so as to meet his Majesty's views; but, not succeeding, they had dropped the Bill altogether, reserving only, in self-justification, a right to make a minute on the private proceedings of the Cabinet, expressing their liberty to bring this subject again to the royal notice, as circumstances might seem to require; but now his Majesty had called upon them to enter into a written obligation never again to introduce the subject to his notice, or to bring forward a measure of that kind. This, he said, was more than could be expected of any Ministers of any independence whatever. The point was, of course, of some constitutional importance, but there was much truth in Sheridan's remark: "I have often heard of people knocking out their brains against a wall, but never before knew of anyone building a wall expressly for the purpose."
FORE:Another French fleet, under Admiral Willaumez, left Brest at the same time with that of Lessigues, bound for the Cape of Good Hope, to assist the Dutch troops in defending it. The British, however, having taken it before his arrival, he went cruising about and picking up such stray British merchantmen as he could meet with between the continents of Africa and South America. He then stood away for the West Indies, hoping to be able to destroy the British shipping in the ports of Barbadoes. Failing in that, he made for Martinique, which was still in the possession of the French. Willaumez had but six sail of the line, and the English admirals, Sir John Borlase Warren, who had the same number and a frigate, and Sir Richard Strachan, who had seven sail of the line and two frigates, were in eager quest of him. Meanwhile, Willaumez was attacked by a terrible tempest, and then chased by Strachan in the Chesapeake. Of his six ships of the line he took home only two, and was obliged to burn the British merchantmen that he had taken.At the opening of 1841 the country might be said to be free from all excitement on the subject of politics. There was no great question at issue, no struggle between rival parties seemed impending. Many of the principal topics which in former years had agitated the public mind had been settled or laid to rest. The Chartist riots seemed to have abated the desire of the leading Reformers to extend the suffrage to the working classes. Still the Government was lamentably weak, and only existed on sufferance. Nor did the conduct of affairs in the House of Commons tend to strengthen their position. The reintroduction by Lord Stanley of his Bill to regulate the registration of voters in Ireland led to much angry discussion with damaging results to the Government, who had already suffered grievous defeats in attempting to arrest the progress of the measure during the previous Session. Two days later Lord Morpeth brought in a Government Bill for the same object. The main features of the plan were to abolish certificates; to make the register conclusive of the right to vote, except where disqualification afterwards appeared; to establish an annual revision of the registers, and to give a right of appeal equally to the claimant and the objector. The main point of difference between this and Lord Stanley's Bill consisted in the tribunal to which the appeal was to be made. The Government proposed for this purpose the creation of a new court, consisting of three barristers of a certain standing. An additional feature of the Government Bill was a proposal to settle the question of the basis of the franchise by fixing upon the Poor Law valuation as the standard; and the Bill proposed to enact that every occupier of a tenement under a holding of not less than fourteen years, of the annual value of 5, should have the right of voting previously enjoyed by persons who had a beneficial interest of 10. The Conservatives complained of the unfairness of thus introducing by surprise a fundamental alteration in the elective franchise of Ireland, founded upon principles unknown both in England and Scotland. It was represented as a new Reform Bill for Ireland, tacked on as a postscript to a Bill for amending the registration. The 5 franchise, it was argued, would in effect be little short of the introduction of universal suffrage. The House divided on the respective merits of the rival Bills, when the Government measure was carried by a majority of five. The result was hailed with cheers from both sides of the House, the Opposition regarding the victory as little better than a defeat. Lord John Russell at first announced that he would proceed immediately with the measure, but he afterwards moved its postponement till the 23rd of April. During the interval Lord Morpeth announced the conversion of the Ministry to the principle of an 8 rating. When the question was introduced again, on the 26th of April, it gave rise to a party debate. While the House was in committee on Lord Morpeth's Bill, Lord Howick proposed an amendment to the effect that the tenant, in order to entitle him to the franchise, should have a beneficial interest in his holding of 5 a year over and above the rent. Lord Morpeth proposed as a qualification for the franchise a lease of fourteen years, and a low rating of 8. Lord Howick proposed that the yearly tenant should be entitled to vote as well as the leaseholder if he had an annual interest of 5 in it; but Lord Morpeth contended, and showed from statistics, that this principle would disfranchise more than three-fourths of the 10 tenant voters in several of the counties. In short, it would have the effect of almost entirely disfranchising the existing occupying constituency of Ireland. On a division, Lord Howick's amendment was carried by 291 to 270. Finally the Bill was reduced to such a jumble of[477] contradictory amendments that it was impossible to proceed with it. Thus ended the great struggle of the Session. Much time had been wasted in party debates and fruitless discussions, and the proposal to give the Irish people the benefit of the Reform Act by putting its perishing constituencies on a proper basis, simple as it may seem, utterly failed. Lord Stanley also abandoned his measure, and there the matter ended. The whole of the proceedings plainly indicated that the doom of Lord Melbourne's feeble Cabinet was at hand.

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