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THREE:The Ministers being duly informed of all, the preparations for the dinner were carried on ostensibly as though nothing was suspected. On the 23rd of February, when the evening had arrived, carriages began to collect about the house of Lord Harrowby, and the scouts who were sent out to see that there were no soldiers or police stationed there, reported all right. But the carriages were driving to the house of the Archbishop of York, which adjoined Lord Harrowby's, and this had deceived the conspirators. The Ministers had remained at home to dine, and then had assembled at Lord Liverpool's to await the news of the result. The police, conducted by the spies, meanwhile reached the rendezvous of the conspirators, which was a stable in Cato Street, near the Edgware Road. The soldiers had orders to be in readiness, and surround the place immediately, and assist in securing the desperadoes. But it seems that the soldiers were not ready at the moment, and on the police entering the stable they found that the conspirators were in the hayloft over it. They were proceeding up the ladder to the loft, and Smithers, one of the police, had just entered it, when Thistlewood, seeing that they[155] were betrayed, stabbed the man to the heart, blew out the light, and made his escape. There was a confused firing of pistols in the dark, and the soldiers coming up, nine of the conspirators were secured, with a quantity of arms and ammunition; but fourteen were said to have succeeded in escaping.

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THREE:Before this, however, the financial statement for the year had been made, and for awhile the Corn Law question was suspended for the country to recover from its astonishment at finding in the Minister of the Conservative party one of the boldest reformers of our tariff who had ever occupied the Ministerial benches. But yesterday his position had appeared one of the greatest difficulty, in which a cautious hold upon the established sources of revenue, with some well-balanced proposals for additional taxes, was all that could be expected. He had not the good fortune of Mr. Goulburn or Lord Althorp in having a surplus to dispose of. The Whig Government had bequeathed to their successors a deficit, which had been increasing from year to year, with a revenue falling off even in the face of new taxes. How[488] was the deficit to be met was the question which filled the mouths of public men; a question which was answered by the famous financial statement of Sir Robert Peel on the 11th of March. After showing that the deficiency for the coming year would be little short of ��2,500,000, and that this deficiency might be expected to be considerably augmented by the position of affairs in India and China, the Minister declared that he would not consent to resort to the miserable expedient of continual loans. He declared that he would not attempt to impose burdens upon the labouring classes, and that if he did, recent experience had shown that they would be defeated. In fact, the country had arrived at the limits of taxation upon articles of consumption. After ridiculing the various suggestions of people who were constantly sending him projects for taxes on pianofortes, umbrellas, and other articles, accompanied with claims of very large percentages upon the proceeds, he acknowledged the principle laid down by financiers that increased revenue may be obtained by taking off the taxes which pressed upon industry, but declared that the first effect was always a diminution in revenue, and that time was found necessary to restore the amount. In these circumstances, he stated what the measure was which, under a deep conviction of its necessity, he was prepared to propose, and which, he was persuaded, would benefit the country, not only in her pecuniary interests, but in her security and character. His scheme was this: he proposed, for a period to be limited, an income tax of not more than 3 per cent., from which he would exempt all incomes under ��150, and in which he would include not only landed but funded property. Sir Robert Peel calculated that the tax would yield ��3,350,000 a year, a sum which, with an addition to the spirit duties in Ireland, and an export duty of 4s. on coals, would not only cover the existing deficiency, but enable him to remit indirect taxes to the amount of ��1,200,000. The sliding scale had brought little credit to the Minister, and the income tax was in its nature an unpopular measure; but the proposal to reduce the custom duties on 750 out of the 1,200 articles in the tariff��to remove prohibitions altogether (in itself a vast concession to Free Trade doctrines)��to reduce the duties on raw materials of manufactures to five per cent. or less��to keep the duties on articles partially manufactured under twelve per cent., and on articles wholly manufactured under twenty per cent., was a scheme which excited general admiration. The measure was, indeed, contested by the Whig Opposition at every stage. The preliminary resolutions were debated for eight nights. There were many of Sir Robert Peel's old supporters who looked on the financial plan with distrust, as being founded, in a great measure, avowedly on those principles of political economy which they had been accustomed to sneer at; but, in truth, it was not unfavourable to the interests of their party. We have already seen that the new tax��at least, if a temporary one��was calculated to impose a far greater burden upon the manufacturing and moneyed class than upon the landowners; in fact, by exempting incomes under ��150 a year, and assessing land only upon its net rental, the burden was imposed almost entirely upon that middle class which was the especial object of the dislike of Tories of the more advanced kind. At the same time, by cheapening articles of general consumption, the Minister did something towards securing popularity among the working classes, who, as exemplified in the Chartist agitation, were not always disposed to take part against the landowners. The Income Tax Bill passed, after considerable opposition in the Commons. An amendment proposed by Lord John Russell was rejected by a vote of 302 to 202, and another amendment, proposing the reading of the Bill on that day six months, having been thrown out on the 18th of April by a vote of 285 to 188, the third reading was carried by a majority of 130 on the 30th of May. No debate took place in the Lords until the third reading, when the Bill passed by a majority of 71.

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THREE:On the 20th of November this memorable march commenced. For the convenience of quarters, the two divisions of the army were still maintained, the first led by Lord George Murray, the second by the prince himself. They left a garrison of two hundred men at Carlisle, though, on a muster, it was discovered that above a thousand men had deserted since they left Edinburgh, and that they had now only four thousand five hundred to attempt the conquest of England with. At Penrith the whole army halted for a day, hearing that Wade was coming against them; but finding, on the contrary, that he was gone back, they pursued their route by Shap, Kendal, and Lancaster, to Preston, where they arrived on the 27th. On the way, so far from meeting with any signs of adhesion, the farmers from whom they had taken horses congregated and pursued them on other horses, dismounted some of their cavalry, and carried their horses away again. Preston was a place of ill omen to the Highlanders ever since the defeat of the Duke of Hamilton in the Civil War there, and the surrender of Mackintosh in 1715. They had a fixed idea that no Scottish army could ever advance farther. To break this spell, Lord George led his vanguard at once over the bridge, and quartered them beyond it. The army halted there a day, and then proceeded to Wigan, which they entered the next day. Till he reached Preston, however, Charles received no tokens of sympathy. At Preston, for the first time, he received three hearty cheers, and a few men joined his standard. On the road from Wigan to Manchester the expressions of goodwill increased; throngs of people collected to see him pass, but none would consent to join them. At Manchester the approach of the army had been heralded by a Scottish sergeant, a drummer, and a woman, the men in plaids and bonnets exciting great astonishment, and bringing together thousands of spectators. They announced the prince for the morrow, and began recruiting for his service. They offered a bounty of five guineas, to be paid when the prince came. A considerable number enlisted, receiving a shilling in token of engagement.THE BATTLE OF TRAFALGAR AND THE VICTORY OF LORD NELSON OVER THE COMBINED FRENCH AND SPANISH FLEETS, OCTOBER 21ST, 1805.

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