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In the art of printing, the process of stereotyping (originally invented by William Ged) was re-invented by Mr. Tulloch, in 1780. In 1801 lithography was introduced into England from Germany, but was not much used till Mr. Ackermann began to employ it, in 1817. In 1814 steam was first applied to printing in the Times office.
The winter of 1836-7 was marked by great commercial activity, and a strong tendency to over-trading, chiefly on the part of the banks. The result was a reaction, and considerable monetary embarrassment. In the reckless spirit of enterprise which led to these consequences, the American houses took the lead. The American speculators indulged an inordinate thirst for gain by land jobs, and over-trading in British produce. The most remarkable examples of this were afforded by three great American houses in London, called "the three W.'s." From an account of these firms, published in June, 1837, it appeared that the amount of bills payable by them from June to December, was as follows: Wilson and Co., 936,300; Wigan and Co., 674,700; Wildes and Co., 505,000; total acceptances, 2,116,000. This was upwards of one-sixth of the aggregate circulation of the private and joint-stock banks of England and Wales, and about one-eighth of the average circulation of the Bank of England. The shipments to America by Wigan and Co. amounted to 1,118,900. The number of joint-stock banks that started into existence at this time was remarkable. From 1825 to 1833 only thirty joint-stock banks had been established. In that year the Charter of the Bank of England being renewed, without many of the exclusive privileges it formerly enjoyed, and the spirit of commercial enterprise being active, joint-stock banks began to increase rapidly. There was an average of ten new companies annually, till 1836, when forty-five of these establishments came into existence in the course of ten months. In Ireland there were ten started in the course of two years. The consequence of this greatly increased banking accommodation produced a wild spirit of commercial adventure, which collapsed first in America, where the monetary confusion was unexampledbankers, importers, merchants, traders, and the Government having been all flung into a chaos of bankruptcy and insolvency. This state of things in America had an immediate effect in England. Discounts were abruptly refused to the largest and hitherto most respectable houses of Liverpool and London. Trade, in consequence, became paralysed; prices suddenly dropped from thirty to forty per cent.; and the numerous share bubblesthe railway projects, the insurance companies, the distillery companies, the cemetery companies, the sperm oil, the cotton twist, zoological gardens, and other speculationswhich had floated on the pecuniary tide, all suddenly collapsed, and there was an end to the career of unprincipled adventurers. It is satisfactory, however, to observe that the sound commerce of the country soon recovered the shock thus given; and in less than two years the pecuniary difficulties had passed away. Commerce had resumed its wonted activity, and flowed steadily in legitimate channels. The American banks resumed payment, and the three great American houses, which had involved themselves to such an enormous extent, were enabled to meet all their liabilities.
CHAPTER XXV. THE DIVISION OF PUNISHMENTS.These disorders appealed with irresistible force to the Government and the legislature to put an end to a system fraught with so much evil, and threatening the utter disruption of society in Ireland. In the first place, something must be done to meet the wants of the destitute clergy and their families. Accordingly, Mr. Stanley brought in a Bill in May, 1832, authorising the Lord-Lieutenant of Ireland to advance 60,000 as a fund for the payment of the clergy, who were unable to collect their tithes for the year 1831. This measure was designed to meet the existing necessity, and was only a preliminary to the promised settlement of the tithe question. It was therefore passed quickly through both Houses, and became law on the 1st of June. But the money thus advanced was not placed on the Consolidated Fund. The Government took upon itself the collection of the arrears of tithes and to reimburse itself for its advances out of the sum that it succeeded in recovering. It was a maxim with Mr. Stanley that the people should be made to respect the law; that they should not be allowed to trample upon it with impunity. The odious task thus assumed produced a state of unparalleled excitement. The people were driven to frenzy, instead of being frightened by the Chief Secretary becoming tithe-collector-general, and the army employed in its collection. The first proceeding of the Government to recover the tithes under the Act of the 1st of June was, therefore, the signal for general war. Bonfires blazed upon the hills, the rallying sounds of horns were heard along the valleys, and the mustering tread of thousands upon the roads, hurrying to the scene of a seizure or an auction. It was a bloody campaign; there was considerable loss of life, and the Church and the Government thus became more obnoxious to the people than ever. Mr. Stanley being the commander-in-chief on one side, and O'Connell on the other, the contest was embittered by their personal antipathies. It was found that the amount of the arrears for the year 1831 was 104,285, and that the whole amount which the Government was able to levy, after putting forward its strength in every possible way, was 12,000, the cost of collection being 15,000, so that the Government was not able to raise as much money as would pay the expenses of the campaign. This was how Mr. Stanley illustrated his favourite sentiment that the people should be made to respect the law. But the Liberal party among the Protestants fully sympathised with the anti-tithe recusants.
Another way to prevent crimes is to reward virtue. On this head I notice a general silence in the laws of all nations to this day. If prizes offered by academies to the discoverers of useful truths have caused the multiplication of knowledge and of good books, why should not virtuous actions also be multiplied, by prizes distributed from the munificence of the sovereign? The money of honour ever remains unexhausted and fruitful in the hands of the legislator who wisely distributes it. **** Ibid., 6 Nov., 1687.
La Barre summoned the most able and experienced persons in the colony to discuss the state of affairs. Their conclusion was that the Iroquois would attack and destroy the Illinois, and, this accomplished, turn upon the tribes of the lakes, conquer or destroy them also, and ruin the trade of Canada.  Dark as was the prospect, La Barre and his fellow-speculators flattered themselves that the war could be averted for a year at least. The Iroquois owed their triumphs as much to their sagacity and craft as to their extraordinary boldness and ferocity. It had always been their policy to attack their enemies in detail, and while destroying one to cajole the rest. There seemed little doubt that they would leave the tribes of the lakes in peace till they had finished the ruin of the Illinois; so that if these, the allies of the colony, were abandoned to their fate, there would be time for a profitable trade in the direction of Michillimackinac. * Talon au ministre, 4 Oct., 1665.
* Lettre de Laval au Pape, 22 Oct., 1661. Printed by