On the 21st of March a Committee which had been appointed early in the Session to inquire into the public income and expenditure, and to suggest what might in future be calculated on as the clear revenue, presented its report through Mr. Grenville, their chairman. On the 29th, Pitt, in a Committee of the whole House, entered upon the subject, and detailed the particulars of a plan to diminish progressively and steadily the further debt. It appeared from the report of the select Committee that there was, at present, a clear surplus revenue of nine hundred thousand pounds sterling, and that this surplus could, without any great additional burthen to the public, be made a million per annum. This he declared to be an unexpected state of financial vigour after so long and unfortunate a war. The plan which he proposed was to pay two hundred and fifty thousand pounds quarterly into the hands of Commissioners appointed for the purpose to purchase stock to that amount, which was under par, or to pay stock above par, and thus cancel so much debt. In addition to this, the annuities for lives, or for limited terms, would gradually cancel another portion. All dividends arising from such purchases were to be similarly applied. Pitt calculated that by this process, and by the compound interest on the savings to the revenue by it, in twenty-eight years no less than four millions sterling per annum of surplus revenue would be similarly applied, or employed for the exigencies of the State. By this halcyon process he contemplated the eventual extinction of that enormous debt, to pay the mere interest of which every nerve had been stretched, and every resource nearly exhausted. In a delightful state of self-gratulation, Pitt declared that he was happy to say that all this was readily accomplishable; that we had nothing to fear, except one thingthe possibility of any Minister in need violating this fund. Had the original Sinking Fund, he said, been kept sacred, we should have had now very little debt. To prevent the recurrence of this fatal facility of Ministers laying their hands on this Fund, he proposed to place it in the hands of Commissioners, and he declared that "no Minister could ever have the confidence to come down to that House and desire the repeal of so beneficial a law, which tended so directly to relieve the people from their burthens." He added that he felt that he had by this measure "raised a firm column, upon which he was proud to flatter himself that his name might be inscribed." He said not a word about the name of Dr. Price being inscribed there, to whom the whole merit of the scheme belonged; he never once mentioned his name at all. On his own part, Dr. Price complained not of this, but that he had submitted three schemes to Pitt, and that he had chosen the worst.
ONE:Buonaparte had watched all the motions of the Northern Powers and of Austria from the first, and was fully prepared to encounter and overthrow them. Even before his return from Italy his plans were laid. No sooner, indeed, was he in France again than he proceeded to his great camp at Boulogne, and dated several decrees thence, thus drawing attention to the fact. All France was once more persuaded that he was now going to lead his invincible Army of England across the strait, and add perfidious Albion to his conquests. He had increased that army greatly; it had been diligently disciplined, and contained soldiers who had carried him to victory in Italy and in Egypt. Such an army of a hundred and fifty thousand picked men was deemed capable of achieving anything, with the Emperor at their head. But Napoleon had no intention of making the desperate attempt to cross the Channel without an overwhelming fleet, and this, for reasons which we will mention by-and-bye, did not come. The maps of England had all been thrown aside, and those of Germany substituted. He was busy collecting material for artillery; he was sending everywhere to buy up draught-horses to drag his baggage and ammunition and guns; and suddenly, when people were looking for the ordering out of his flotilla, they were surprised by hearing that he was in full march for the Rhine. On the 23rd of September he sent a report to the Senate in these words:"The wishes of the eternal enemies of the Continent are accomplished; hostilities have commenced in the midst of Germany; Austria and Russia have united with England; and our generation is again involved in all the calamities of war. But a very few days ago I cherished a hope that peace would not be disturbed. Threats and outrage only showed that they could make no impression upon me; but the Austrians have passed the Inn; Munich is invaded; the Elector of Bavaria is driven from his capital; all my hopes have therefore vanished. I tremble at the idea of the blood that must be spilled in Europe; but the French name will emerge with renovated and increased lustre." This was accompanied by two decrees: one for ordering eighty thousand conscripts, and the other for the organisation of a national guard. The next day he was on the way to Strasburg. He said to Savary, "If the enemy comes to meet me"for Mack, like a madman, was rushing towards the Rhine, far away from his allies"I will destroy him before he has re-passed[505] the Danube; if he waits for me, I will take him between Augsburg and Ulm." The result showed how exactly he had calculated.On the 10th of May the second Congress met at Philadelphia. The delegates had everywhere been easily elected, and Franklin, having arrived on the 5th of May in Philadelphia, was in time to be added to the number already chosen there. The battle of Lexington had heated the blood of the delegates, and they assembled in no very pacific mood. They assumed the name of the Congress of the United Colonies, and rejected with contempt the poor conciliatory Bill of Lord North, as it had already been deservedly treated by the provincial Assemblies. They immediately issued a proclamation prohibiting the export of provisions to any British colony or fishery still continuing in obedience to Great Britain; or any supply to the British army in Massachusetts Bay, or the negotiation of any bill drawn by a British officer. Congress ordered the military force of the colonies to be placed on an efficient footing. They called into existence a body of men, besides the provincial militia, to be maintained by the United Colonies, and to be called continental troops, which distinction must be kept in mind during the whole war. They then made a most admirable choice of a commander-in-chief in the person of Colonel George Washington.
Ill news flowed in apace from all quarters during the recess. The Marquis de Bouill had surprised and retaken St. Eustatia. The new conquests in Demerara and Essequibo had also been retaken. Bouill having secured St. Eustatia, next turned his arms against the old and valuable island of St. Kitt's. He then landed eight thousand men at Basseterre, the capital, whose movements were protected by the fleet under De Grasse. General Fraser and Governor Shirley took post on the rugged heights of Brimstone Hill, and made a stout defence, whilst Sir Samuel Hood, who had followed De Grasse from the Chesapeake, boldly interposed between the French admiral and the French troops on shore. Hood twice beat off De Grasse; but the British fleet and army were much too inconsiderable to maintain the conquest. The island was finally taken, and after it the smaller ones of Nevis and Montserrat, so that of all the Leeward Islands we had only Barbadoes and Antigua left.To give to this action greater importance in the eyes of the world, Buonaparte called it the Battle of the Pyramids. He then marched to Cairo, which surrendered without opposition. Napoleon called together a council of about forty of the most distinguished sheiks, who were to continue the government of all Lower Egypt, as before his arrival. He professed to listen to their counsels, and in fact to be a Mahometan; he said he was not come to destroy the practice of the doctrines of the Koran, but to complete the mission of Mahomet; he celebrated the feast of the Prophet with some sheik of eminence, and joined in the litanies and worship enjoined by the Koran.THE ROYAL PALACE, MADRID. (From a Photograph by Frith & Co.)Scarcely had Parliament ceased to sit, and the king was gone to spend the summer months in Germany, when the vigilance of the Ministry was demanded to ward off a fresh invasion. Alberoni, defeated in his schemes on France, and his hopes of the invasion of England by Charles XII. crushed by that monarch's death, determined now to make a grand effort to support the Pretender himself. For this purpose, he invited him to Spain, and at the same time began the equipment of a formidable fleet to carry over a Spanish force, under the command of the Duke of Ormonde, to the shores of Britain. The Pretender was not intended to accompany the expedition, but to be in readiness to follow on the first news of its[43] successful landing. But it was no more destined to reach these shores than the Grand Armada. It has always been the fate of invading squadrons to encounter providential tempests in coming hitherward, and the usual hurricane was ready to burst. Scarcely, indeed, had the fleet lost sight of Cape Finisterre before the storm swooped down upon it. For twelve days the terrible Bay of Biscay was swept by a frightful wind, which drove the vessels in all directions, and rendered it impossible to manage them. Fortunate would it have been if every vessel had failed to reach the shores at which they aimed; but two vessels, on board of which were the Earls Marshal and Seaforth, and the Marquis of Tullibardine, accompanied by about three hundred Spanish soldiers, reached Scotland, and landed, on the 16th of April, at Kintail, in Ross-shire. In the hope that Ormonde would still reach England, this small force lay quiet for some time, and so little did they excite notice, that the Government imagined that they had re-embarked. Their presence there, however, had the mischievous effect of exciting some few of the Highlanders to join them. They seized Donan Castle, and thus attracted the attention of the English. Some vessels of war arrived upon the coast. The castle was speedily retaken, and Lord Carpenter, the commander of the forces in Scotland, sent some troops from Inverness against them. General Wightman, the officer thus despatched, was attended by about a thousand men, and found the enemy, now swollen to about two thousand, strongly posted at Glenshiel. He immediately attacked them, and the miscellaneous force speedily dispersed. The Highlanders, who knew the country, rapidly disappeared amongst the hills, and the Spaniards had no other resource than to lay down their arms.
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