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TWO:THE MOB OF SPENCEANS SUMMONING THE TOWER OF LONDON. (See p. 121.)GENERAL ELECTION OF 1784: MASTER BILLY'S PROCESSION TO GROCERS' HALLPITT PRESENTED WITH THE FREEDOM OF THE CITY OF LONDON. (Reduced facsimile of the Caricature by T. Rowlandson.) 更多 »
TWO: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.When Parliament reassembled, Fox seized the very earliest moment to address the Chair and occupy the attention of the House. He rose at the unusually early hour of half-past two o'clock in the day, before the newly returned members had taken their oaths. Pitt himself was in this predicament, but, as soon as he had taken his oath, he rose to speak; but Fox contended that he was already in possession of the House, and, though Pitt announced that he had a message from the king, Fox persisted, and moved that the House should go into committee on the state of the nation. This allowed Pitt to speak, who declared that he had no objection to the committee; but he thought it more advisable to go into the question of India, on which subject he proposed to introduce a Bill. He then made some sharp remarks on the conduct of Fox in thus seizing, by artifice, a precedence in speaking, and on the petulance and clamour which the Opposition had displayed, and on the violent and unprecedented nature of their conduct, by which they hoped to inflame the spirit of the country and excite unnecessary jealousies. In truth, Fox and his party were now running a most unwise career. Possessed of a large majority, they were indignant that the king should have dismissed them, and thought that they could outvote the new Ministry, and drive them again from office. They had, no doubt, such a majority; but, at the same time, they had the king resolute against them. They had insulted him by their violent denunciations of his letter, and they had not, in their anger, the discernment to perceive that not only would this be made use of by their opponents to injure them, both in Parliament and out of it, but their proceeding with so much heat and violence was calculated to make them appear factiousmore concerned for their places than for the interests of the country. All this took place; the king and Ministry saw how all this would operate, and calmly awaited its effects. Fox and his party were, however, blind to the signs of the times, and carried no less than five resolutions against the Government.
TWO: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.
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TWO:The Budget excited extraordinary interest throughout the country; but the proposed sugar duties were, in the eyes of the Free Traders, objectionable, as maintaining the differential rates in favour of the West Indian landlords. Though well received on the whole, it was impossible not to see in the Budget traces of the anomalous position of the Minister. One newspaper described his measures as combining the most glaring inconsistencies that ever disfigured the policy of any Minister, and arranged in parallel columns illustrations of its assertion. Sir Robert Peel was charged with proposing at the same time a tariff whose[516] express object was declared to be to cheapen the necessaries of life and corn, and provision laws whose sole object was to make the chief necessaries of life dear; with professing great concern to relieve trade and commerce, for the sake of which a property tax was proposed, combined with a still greater concern to uphold the rent of land, for the sake of which trade and commerce were loaded with a bread tax; with devising taxes for the mere purpose of revenue; with levying taxes for the mere purpose of protection; with repealing the duty on slave-grown cotton, while imposing prohibitory duties on slave-grown sugar; with encouraging Brazilian coffee and cotton, while refusing Brazilian sugar; and with admitting cheap slave-grown sugar to be refined in Britain, and sold to Continental nations, while forbidding the selfsame cheap sugar to our own working people. Still, there was progress. The Corn Law was untouched, but statesmen of all parties had spoken despairingly of its continuance.
TWO:The king left Scotland on the 29th, taking a route different from that by which he entered. On his way to the place of embarkation he visited the Earl of Hopetoun, at whose house he conferred the honour of knighthood on Mr. Raeburn, the celebrated portrait-painter. At Queensferry the country people assembled to testify their loyalty with a last look and a parting cheer. The roar of cannon from all the surrounding hills, and the shouts of the multitude, greeted him on his embarkation at Port Edgar. The royal squadron arrived safely on the 1st of September at Greenwich, where he was cordially welcomed home.
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CHAPTER XVIII. REIGN OF GEORGE III. (continued).With the beginning of this year, 1769, there commenced, under the signature of "Junius," the most remarkable series of political letters which ever appeared in our political literature. Time has not yet disclosed who this public censor was, though the most weighty reasons attach the belief to its having been Sir Philip Francis. Whoever he was, his terrible dissections of the conduct and characters of public menthe Duke of Grafton, the Duke of Bedford, Lord Mansfield, and others, not excepting the king himselfcaused the most awful consternation amongst the ranks of the Ministry, and raised the highest enthusiasm in the public by the keen and caustic edge of his satire and his censure, by the clear tone of his reasonings, his obvious knowledge of secret Government movements, and the brilliant lustre of his style.Instead of taking means to conciliate the public, Bute, stung by these testimonies of dislike, and by the pamphlets and lampoons which issued like swarms of wasps, revenged himself by others, which only intensified the hatred against him. Still worse for him, he had caused the Dukes of Newcastle and Grafton, and the Marquis of Rockingham, to be dismissed from the Lord-Lieutenancies of their respective counties, because they voted against the peace on Bute's terms. With a still more petty rancour he had visited the sins of these noblemen on the persons in small clerkships and other posts who had been recommended by them, turning them all out. Sir Henry Fox joined him relentlessly in these pitiful revenges, and would have carried them farther had he not been checked by others.A question was opened in the House of Commons, on a motion of Mr. Western, which often subsequently occupied its attention. It referred to the effect on prices of Mr. Peel's Act of 1819 for the resumption of cash payments. According to the views of Mr. Western and Mr. Attwood, the value of money had been enormously increased by the resumption of payments in specie by the Bank, and its necessary preliminary, a diminution of the circulation. Prices had in consequence fallen; rents, taxes, annuities, and all fixed[225] payments become more onerous. These views were opposed by Huskisson, Peel, and Ricardo, and, on the motion of the first-named, a resolution was carried, by one hundred and ninety-four to thirty, "That this House will not alter the standard of gold or silver in fineness, weight, or denomination."
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