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FORE:The Free Trade journals did not fail to observe that what they called "this remarkable lecture on Free Trade, Protection, and smuggling, delivered from the Tory Treasury bench," was wound up by the avowal that the principles of Free Trade were now beyond a question, and that the rule to buy in the cheapest market and sell in the dearest was[490] the only valid theory of commerce. In the House some opposition was offered to the reduction of duties on pigs, apples, butter, fish, and other articles; but the Government proposals were affirmed by large majorities, except in the case of apples, which were made to pay 6d. in the bushel. The Opposition, however, raised the old question of the sugar duties, which had been omitted from the list of changes; but the Chancellor of the Exchequer declined to give way, and the Tariff Bill passed the Commons on the 28th of June. It was fiercely debated in the Upper House, but the Whigs did not carry any material amendments.On the 10th of April, when Mr. Canning kissed hands as First Lord of the Treasury and Chancellor of the Exchequer, he found himself deserted by the Duke of Wellington, Lord Eldon, Mr. Peel, Lords Bathurst, Melville, and Westmoreland. The members of the Cabinet who finally adhered to him were Lord Harrowby, Mr. Huskisson, Mr. Wynne, and Mr. Robinson, afterwards Lord Goderich, who had become Secretary of the Colonial Department, with the lead of the Government in the House of Lords. Having received the resignations, and presented them to the king, Mr. Canning said:"Here, sire, is that which disables me from executing the orders I have received from you respecting the formation of a new Administration. It is now open to your Majesty to adopt a new course; for no step has yet been taken in the execution of those orders that is irrecoverable." He added, that if he was to go on, his writ must be moved for that day, which was the last before the Easter recess. The king at once gave him his hand to kiss, and confirmed the appointment. Two hours afterwards the House was ringing with acclamations while Mr. Wynne was moving that a new writ be issued for the borough of Newport in consequence of the Right Honourable George Canning having accepted the office of First Lord of the Treasury. This was a result which Lord Eldon did not anticipate. He evidently expected that Canning would be foiled in his attempt to form a Ministry. He wrote, "Who could have thought it? I guess that I, Wellington, Peel, Bathurst, Westmoreland, and C. will be out." Again he says, "The whole conversation in town is made up of abusive, bitterly abusive, talk of people about each otherall fire and flame. I have known nothing like it." Elsewhere he remarks, "I think political enmity runs higher and waxes warmer than I ever knew it."
Lead Designer
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FORE:CHAPTER VII. THE REIGN OF GEORGE IV. (concluded).
Serior Analyst
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FORE:The marvellous increase of national wealth in Great Britain since the reign of George III. is to be mainly ascribed to two mechanical agenciesthe spinning-jenny and the steam-engine; both of which, however, would have failed to produce the results that have been attained if there had not been a boundless supply of cotton from the Southern States of America to feed our manufactories with the raw material. The production was estimated in bales, which in 1832 amounted to more than 1,000,000; and in 1839 was upwards of 2,000,000 bales. It appears from Mr. Woodbury's tables, that in 1834 sixty-eight per cent. of all the cotton produced in the world was shipped for England. In this case the demand, enormous as it was, produced an adequate supply. But this demand could not possibly have existed without the inventions of Hargreaves, Arkwright, Crompton, and Cartwright, in the improvement of spinning machinery.
Lead Developer
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