The Parliament met very early after the adjournment, and the first Act they passed was to renew _the restriction of cash payments by the Bank of England;_ another violation of a positive pledge of the Honourable House, another gross breach of faith committed upon the people by a corrupt Parliament, which had solemnly declared by an act that the Bank should be compelled to pay their notes in specie at the end of six months after peace was made.
Accounts were now brought to England that Napoleon was reigning in full sovereignty at Elba, and all the corrupt writers in the Ministerial and daily press were sneering at the idea of his fancied sovereignty. But by the solemn treaty of Paris, Napoleon was as much an Emperor as he ever had been as much a Sovereign as the Emperor of Russia; and, by the law of nations, quite as much entitled to make war or peace with other powers as was the King of England, the King of France, or any other Sovereign. But these writers, as I have before said, were daily ridiculing his sovereignty, and holding his power in derision. But it will be seen hereafter, that it is a very dangerous thing to treat with contempt the hostility of an enemy, however weak that enemy may be. In the meantime Louis the Desired, the contemptible King of France, decreed that the property of the Buonaparte family should be sequestred; the old Bourbon tyranny was making the most rapid strides; the press was much more enslaved than under the reign of Napoleon; disturbances had broken out in many parts of France; yet such was the dreadful, enthralled state of the press, that no one dared to mention them, nor were they ever known but by the proclamations of the King, to restrain and repress them. The finances of France were, nevertheless, in a flourishing state; their trade was fast reviving, and every means that ingenuity could devise were resorted to, to induce the people to feel for royalty; and, amongst other things, a solemn funeral for the late King and Queen of France took place, which was conducted with great pomp and ceremony.
In America, the English were routed at New Orleans, by General Jackson, who, with an undisciplined militia, and very inferior numbers, caused great slaughter amongst the British troops; in fact, the number killed in the English ranks amounted to more than the whole number of the American troops, so expert were the riflemen, and so superior were the abilities of the American General Jackson. This was a death-blow to the hopes of the English, for the bravery of the Americans appeared to be invincible; they were in truth fighting for Liberty, for themselves and their country, and not for any despot or any despotism. This fine spirit gained them a peace, which it may fairly be said they fought for, bled for, and ultimately obtained by conquest; and James Madison remained, in spite of all the threats of deposing him, President of the only free people upon the habitable globe. Thus, as I hope and trust, have they secured and placed upon an imperishable basis, the liberties and just rights of their people. They had a right to be proud of their success. England, at peace with all the rest of the world, carried on a war with America; yet the latter, single-handed, not only met and contended with, but repelled the mighty power of her adversary, and by the equity of her cause, and the bravery of her citizens, she conquered a peace, in spite of the threats of England's haughty, bullying, ignorant, and intolerant Ministers, who had declared that _the right of search_ was a _sine qua non_ which must form the basis of any negotiation. Ultimately, however, these very Ministers were glad to make peace with the Americans, by saying nothing about the _sine qua non_, the _right of search_, for which they had gone to war. England went to war almost solely to maintain the _right of search_; the Americans went to war to resist that right; and England having made peace, and suffered the right of search to be passed over in silence, the Americans have gained their object, and the English have lost the point which was the cause of the war.