FORE:The anti-Gallic spirit was at the same time made violent use of to crush opinion at home. It is true that there was a foolish zeal on behalf of the French Revolution in a certain portion of the British public, which ought, by this time, to have been cooled by the too obvious nature and tendency of that Revolution; but this might readily have been prevented from doing harm by a fair exposure of the folly of the admirers of so bloody and dishonest a system as that of the French Jacobins. But it was more in accordance with the spirit of Government at that time to endeavour to crush the freedom of the press and of speech, under cover of the repression of a Gallic tendency. The persecution began in Scotland.The benevolent exertions of Lord Stanhope on behalf of the Society of Friends were, in 1796that is, six years laterrevived in the House of Commons by Mr. Serjeant Adair. He stated that seven of the people called Quakers were prisoners in the gaol at York for not paying tithes, and unless some alteration in the laws on that subject took place, they might lie there till they died. In fact, one of these Friends, named Joseph Brown, did die in the prison, and his death is the subject of a poem by James Montgomery. Mr. Serjeant Adair moved, on the 26th of April, for leave to bring in a Bill to extend the provisions of the Act 7 and 8 William III., by which tithes could be recovered by distraint when amounting to ten pounds, to tithes of any amount. Wilberforce, Pitt, Dolben, and others, usually opposed to concessions, spoke in favour of the Bill. Sir Philip Francis only opposed it on the ground that the petitioners probably did not entertain any serious objection to paying tithes, but only wanted to look like martyrs. The Bill went on swimmingly till it was about going into committee, on the 10th of May, when Francis rose again. A new light had burst upon him. He said that he had learnt that the Bill did not proceed from the suffering individuals, but from the yearly meeting of the Society itselfas if that were any solid objection, and as if a measure ought not to come with more weight from a whole suffering community than from a few individuals! The Bill readily passed the Commons, but no sooner did it appear in the Lords than the Bishops fell foul of it. The Archbishop of Canterbury saw danger to the Church in it, and moved that it be read that day three months, and this was carried. Thus the Bill was[164] lost for that Session. Adair brought in a fresh Bill for the same object, into the new Parliament, in October, but this was thrown out.
FORE:[See larger version]Soon shall thy arm, unconquered Steam! afar
FORE:The proofs of this prosperity have been exhibited in various other ways. In 1815 the yearly value of dwelling-houses in England and Wales was 14,000,000 for nearly 10,000,000 of people; in 1841 the yearly rental was 23,000,000 for Under 16,000,000 of people; which, reckoning the rental at twenty years' purchase, shows an investment in houses of capital amounting to 180,000,000 in twenty-six years. Counting since the Peace in 1815, it was estimated that the real property of England and Wales in the form of additional dwellings must have absorbed 240,000,000 of capital. Sir Robert Peel, in bringing forward his proposal for an income tax in 1842, assumed the value of real property in Great Britain to be as follows:Rent of land, 39,400,000; rent of houses, 25,000,000; tithes, mines, etc., 8,400,000: total, 72,800,000, which, at twenty-five years' purchase, would be equal to a capital of 1,820,000,000. The annual value of real property actually assessed to the property and income tax in 1843 turned out to be much more than Sir Robert Peel estimated, amounting to more than 95,000,000 a year.THE OVERLAND ROUTE: SCENE AT BOULAK.
THREE:It was at the close of 1719, when George I. returned from Hanover, that this Company proposed to Ministers to consolidate all the funds into one. It was strange that both Ministers and merchants could be deluded by the hope of enriching themselves by a share of the trade with the Spanish South American provinces, when Spain herself, in full enjoyment of them, was sunk into indigence and weakness, and presented the most determined resistance to the unfettered intercourse of any other nation with them. Yet Sir John Blunt, a leading director of the South Sea Company, persuaded the Ministers that by granting the Company power to deal with the public funds, and especially to buy up the unredeemable annuities which had been granted in the two preceding reigns, chiefly on terms of ninety-nine years, and which now amounted to about eight hundred thousand pounds a year, they could, in twenty-six years, pay off the entire National Debt. But, to enable them to do this, they must be empowered to reduce all the different public securities to one aggregate fund in their hands, to convert both redeemable and unredeemable debts into stock by such arrangements as they could make with the holders, and to have certain commercial privileges vested in them. Ministers accepted the proposals with great alacrity. Aislabie introduced the scheme to Parliament in the month of February, 1720, declaring that, if it was accepted by the House, the prosperity of the nation would be amazingly enhanced, and all its debts liquidated in a very few years. Craggs seconded the proposal in most sanguine terms, expressing his conviction that every member of the House must be ready to adopt so advantageous an offer. Ministers had already closed with the proposals of the Company, and they were themselves greatly disconcerted by the suggestion of Mr. Thomas Brodrick, the member for Stockbridge, who expressed his entire accordance with Ministers, but thought that the nation should endeavour to obtain the best terms for itself by opening the competition to every other company or association of men as well as that in question. Ministers were confounded by this proposal, and Aislabie endeavoured to get out of it by declaring that to do this would be like putting the nation up to auction, and that such things should be done with spirit. But Jekyll interposed, saying it was this spirit which had ruined the nation, and it was now requisite to consider seriously what was best for the public. A violent debate ensued, in which Walpole eloquently recommended open competition, and was sharply replied to by Lechmere. The question was carried in favour of competition; and then the Bank of England, which before had coolly declined to enter into the proposals, suddenly appeared in a new temper, and made liberal offers for the privilege of thus farming the public debts. But the South Sea Company was not to be outdone; it offered seven millions and a half, and the Bank gave way in despair.[See larger version]
THREE:On the 1st of February the inquiry into the crimes of Warren Hastings was renewed. The third charge of the impeachment, the treatment of the Begums, was undertaken by Sheridan, as the first was by Burke, and the second by Fox. We have stated the facts of that great oppression, and they were brought out in a most powerful and dramatic light by Sheridan in a speech of nearly six hours. Sheridan had little knowledge of India; but he was well supplied with the facts from the records of the India House and the promptings of Francis, who was familiar with the country and the events. The effect of Sheridan's charge far exceeded all that had gone before it. When he sat down almost the whole House burst forth in a storm of clappings and hurrahs. Fox declared it the most astounding speech that he had ever heard, and Burke and Pitt gave similar evidence. The wit and pathos of it were equally amazing; but it was so badly reported as to be practically lost. The following remark, however, seems to be reported fairly accurately:"He remembered to have heard an honourable and learned gentleman [Dundas] remark that there was something in the first frame and constitution of the Company which extended the sordid principles of their origin over all their successive operations, connecting with their civil policy, and even with their boldest achievements, the meanness of a pedlar and the profligacy of pirates. Alike in the political and the military line could be observed auctioneering ambassadors and trading generals; and thus we saw a revolution brought about by affidavits; an army employed in executing an arrest; a town besieged on a note of hand; a prince dethroned for the balance of an account. Thus it was they exhibited a government which united the mock majesty of a bloody sceptre and the little traffic of a merchant's counting-housewielding a truncheon with one hand, and picking a pocket with the other." The debate was adjourned to the next day, for the House could not be brought to listen to any other person after this most intoxicating speech. The motion was carried by one hundred and seventy-five votes against sixty-eight.
