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But towards the end of the year Pitt was confronted with what seemed a certainty of loss of office. King George III., after a long period of ill health, was found to be definitely suffering from mental alienation. A regency became necessary, and the person clearly marked out for the office was the Prince of Wales. But the prince was the political associate of Fox, and there was no doubt that his first step on accession to power would be the dismissal of Pitt.

Pitt saw the prospect before him, and did not attempt to shirk it. But he did propose certain restrictions on the regency in order that the king, should he recover his reason, might without difficulty resume his power.

When parliament assembled in December, Fox declared boldly that the prince had as much right to assume sovereignty during the king's incapacity as he would have in the event of the king's death. Pitt, exulting in his rival's indiscreet departure from Whig principles, retorted that the assertion of such a right, independent of the decision of the two houses, was little less than treason to the constitution. Fox's attitude was unpopular, and Pitt's resolutions, and the Regency Bill that followed, were carried through the Commons.

Towards the end of February, the third reading of the Regency Bill was impending in the Lords. Pitt had proposed that the difficulty about procuring the royal assent to the measure should be overcome by empowering the chancellor by a joint vote of both houses to put the Great Seal to a commission for giving the assent. But this expedient was unnecessary. By February 22 the king was completely recovered. The Regency Bill fell to the ground, and all the hopes which the Opposition had reared upon it.

The day of thanksgiving for the king's recovery is regarded by Lord Macaulay as the zenith in Pitt's political life. "To such a height of power and glory," he says, "had this extraordinary man risen at twenty-nine years of age. And now," he adds, perhaps less justly, "the tide was on the turn."

III.--The Struggle with France

Pitt was able to declare, in the session that preceded the dissolution of 1790, that "we are adding daily to our strength, wealth, and prosperity," and, as a result of the elections, his parliamentary majority was more than confirmed.

But symptoms of the coming stress were already manifest. The minister was anxiously watching the course of the revolution in France; and, while far from sharing the enthusiasm of Fox for the new principles, he did not endorse the fierce hostility of Burke.

"I cannot regard with envious eyes," he said, "any approximation in neighbouring states to those sentiments which are the characteristics of every British subject."

But the development of events soon made it clear that the new France had become a danger to the peace of Europe. As long as possible Pitt avoided war, which was ultimately forced upon him in 1793 by France's attack upon Holland, to which we were bound by treaty obligations.

From that time, until the peace in 1802, English naval enterprises were generally successful, and English military enterprises generally failed. Pitt has often been blamed for the faults of his country's generals; but it is assuredly true that he did all that a civilian could do to secure success in the field.

The heavy cost of the war, increased as it was by the subsidies paid to Austria, and afterwards to Russia, compelled an entire departure from Pitt's old financial methods. Each year brought an increase of taxation and an increase of debt; and at the beginning of 1797 the directors of the Bank of England, in dire perplexity, told Pitt that the state, for all his expedients, was threatened with insolvency. Pitt did not falter. An order in council was issued, suspending cash payments at the bank. Thus was established a gigantic system of paper credit, giving us power to cope with no less gigantic foes. Cash payments were not resumed until 1819.

Pitt had not only to cope with enemies without, but with sedition within. Societies formed for propagating the principles of the revolution advocated the subversion of the constitution under the pretence of parliamentary reform; the populace, angered by the privations caused by the clearness of food, listened readily to the agitators; riots were frequent, but the most mischievous form taken by sedition was that of armed conspiracy. Against these evils Pitt contended by royal proclamations, prosecutions, and, above all, by the suspension of the Habeas Corpus Act. In his firm suppression of disorder Pitt was loyally supported by large majorities in both houses, and the country generally was on his side. But his domestic policy, his foreign policy, and his finance were unsparingly attacked by Fox and a small band of devoted followers--followers who did not abate in their resolution when their leader, weary of the unequal conflict, retired for a time from public life.