FORE:The 20th of November arrived; the two Houses met, and Lord Camden in the Peers, and Pitt in the Commons, were obliged to announce the incapacity of the king to open the Session, and to move for an adjournment till the 4th of December, in order that the necessary measures for transferring the royal authority, temporarily, might be taken. Fox, at this important crisis, was abroad, and had to hurry home with headlong speed, in order to join his party in their anxious deliberations preparatory to the great question of the regency. In the meantime, the king's physicians had been examined before the Privy Council, and had given their opinion that the royal malady would prove only temporary. This in particular was the opinion of Dr. Willis, a specialist who had the chief management of the case, and whose mild treatment, in contrast to the violent means previously employed, had already produced a marked improvement. From this moment Pitt appears to have taken his decisionnamely, to carry matters with a high hand, and to admit the Prince of Wales as regent only under such restrictions as should prevent him from either exercising much power himself, or conferring much benefit on his adherents. When, therefore, Parliament met, after the adjournment, and that in great strengthfor men of all parties had hurried up to town,Lord Camden moved in the Lords, and Pitt in the Commons, that, in consequence of the king's malady, the minutes of the Privy Council containing the opinions of the royal physicians should be read, and that this being done, these opinions should be taken into consideration on the 8th of December.
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TWO:[See larger version]A law in force since the time of Cromwell had provided that no merchandise from Asia, Africa, or America should be imported into Great Britain in any foreign ships; and not only the commander, but three-fourths of the crew, were required to be English. In addition to this restriction of our foreign commerce to English-built and English-manned ships, discriminating duties were imposed upon foreign ships from Europe, which had to pay more heavily than if the goods were imported under the British flag. The object of this system, which prevailed for one hundred and fifty years, was to maintain the ascendency of Britain as a Maritime Power. Adam Smith remarks that the Navigation Act may have proceeded from national rivalry and animosity towards Holland; but he held that its provisions were as beneficial as if they had been dictated by the most consummate wisdom. He admits, however, that they were not favourable to foreign commerce, or to the growth of that opulence that can arise from it, remarking, "As defence is of more value than opulence, the Act of Navigation is perhaps the wisest of all the commercial regulations of England." But had Adam Smith lived later on, he would have seen that the utmost freedom of commerce with foreign nations, and the most boundless opulence arising from it, are quite compatible with a perfect system of national defence; and whatever were the advantages of the restrictive system, other nations could act upon it as well as England. America did so, and thus commenced a war of tariffs equally injurious to herself and the mother country, causing the people of each to pay much more for most of the commodities they needed than they would have done if the markets of the world were open to them. The consequence was that both parties saw the folly of sending their ships across the Atlantic in ballast, and a commercial treaty was concluded in 1815, which put the shipping of both America and England upon an equal footing, and relieved them from the necessity of paying double freight. The reciprocity system was also partially adopted in our commerce with other countries. In 1822 Mr. Wallace had brought in four Bills, which made other important alterations. The 3 George IV., cap. 41, repealed certain statutes relating to foreign commerce which were passed before the Navigation Act. Another Act (cap. 42) repealed that part of the Navigation Act itself which required that goods of the growth or manufacture of Asia, Africa, and America should only be imported in British ships; and that no goods of foreign growth or manufacture should be brought from Europe, except from the place of their production, and in the ships of the country producing them. The next enactment prescribed certain specified goods to be brought to Great Britain from any port in Europe, in ships belonging to the ports of shipment. Two other Acts further extended freedom of commerce, and removed the vexatious restrictions that had hampered our colonial and coasting trade. In 1823 Prussia retaliated, as the United States had done, which led Mr. Huskisson to propose what are called the Reciprocity Acts, 4 George IV., cap. 77, and 5 George IV., cap. 1, which empowered the king, by Order in Council, to authorise the importation and exportation of goods in foreign ships from the United Kingdom, or from any other of his Majesty's dominions, on the same terms as in[240] British ships, provided it should first be proved to his Majesty and the Privy Council that the foreign country in whose favour the order was made had placed British ships in its ports on the same footing as its own ships. These enactments proved an immense advantage to the people of the nations affected by them, and satisfied all parties but the ship-owners, who cried out loudly that their interest was ruined. But their complaints were altogether unfounded, as will appear from the following figures. Under the restrictive system, from 1804 to 1823, the tonnage of British shipping had increased only ten per cent. Under the Reciprocity Acts and the Free Trade system, from 1823 to 1845, the increase rose to forty-five per cent. This result fully bore out the calculations and anticipations of Mr. Huskisson, in his answer to the arguments of the Protectionists.
Integer vehicula efficitur dictum. Integer pharetra venenatis enim non porta.
Nothing To Hide Here
FORE:But the smoothness was only on the surfacebeneath were working the strongest political animosities and the most selfish desires. The little knot of aristocratic families which had so long monopolised all the sweets of office, now saw with indignation tribes of aspirants crowding in for a share of the good things. The aspirants filled the ante-chamber of Bute, the angry and disappointed resorted to Newcastle, who was in a continual state of agitation by seeing appointments given to new men without his knowledge; members rushing in to offer their support to Government at the next election, who had[169] hitherto stood aloof, and were now received and encouraged.
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