From the Picture in the National Gallery of British Art.
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The conditions proposed by Lord Cornwallis were, that Tippoo should cede one-half of his territories; that he should pay three crores and thirty lacs of rupees; that he should restore all the prisoners taken since the time of his father, Hyder Ali; and that two of his eldest sons should be given up as hostages for the faithful fulfilment of the articles. On the 26th the boys, who were only eight and ten years old, were surrendered, and part of the money was sent in. Cornwallis received the little princes very kindly, and presented each of them with a gold watch, with which they were delighted. When, however, it came to the surrender of the territory, Tippoo refused and began to make preparations for resistance; but Lord Cornwallis's active firmness soon compelled him to submit. He ordered the captive children to be sent away to Bangalore, and prepared to storm the town, for which both our soldiers and those of the Nizam were impatient. Tippoo gave way; and the surrender of territory according to the treaty was completed.[See larger version]In London, notwithstanding, there was considerable alarm, but rather from fear of the Papists and Jacobites at home than of any danger from abroad. Every endeavour had been used, in fact, to revive the old Popery scare. There were rumours circulated that the Papists meant to rise, cut everybody's throats, and burn the City. There was fear of a run on the Bank of England, but the merchants met at Garraway's Coffee-house, and entered into engagements to support the Bank. They also opened a subscription to raise two hundred and fifty thousand pounds to enlist troops, and many of them gave as much as two thousand pounds apiece. A camp was formed in Hyde Park of the Household Troops, horse and foot, a regiment of horse grenadiers, and some of the battalions that came over from Flanders. In the provinces many of the great nobility proposed to raise regiments at their own expense, and this act of patriotism was loudly applauded. In some instances the patriotism was real. But the main body of the Whig nobility and some others cut a very different figure. No sooner did Parliament meet on the 18th of October, and whilst the Jacobites were in the highest spirits, and opposing both the Address and the suspension of the Habeas Corpus, than the Dukes of Devonshire, Bedford, Rutland, Montague, the Lords Herbert, Halifax, Cholmondeley, Falmouth, Malton, Derby, and others, moved, contrary to their splendid promises, that their regiments should be paid by the king, and should be put upon the regular establishment. The king was as much disgusted as the most independent of his subjects, but he found himself unable to prevent the measure.
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These resolutions being carried, it then became a question whether the prince would accept this restricted regency. Burke had warned the House that perhaps, after all, the prince would not accept such a shadow of his own natural powers, and he warned them likewise that the British Parliament might find itself electing the prince as regent, whilst the Irish Parliament was nominating him as by right. But it would appear that the Whigs were so anxious to seize on office, even under such cramping restrictions, and to see Pitt dethroned, that they advised the prince to accept. A joint committee of Lords and Commons waited on him on the 30th of January, the anniversary of the execution of Charles I., and another joint-committee the same day waited on the queen, and the next day their answers, accepting their respective offices, were communicated to Parliament. The prince, indeed, qualified his acceptance by declaring that he did it only as a temporary arrangement, and in the hope, notwithstanding the peculiar and unprecedented circumstances, of preserving the interests of the king, the crown, and the people.[See larger version][See larger version]