FORE:AGRICULTURAL LABOURERS AT THE PERIOD OF THE FIRST REFORM PARLIAMENT.The Home Secretary once more submitted his views to the Duke, in a memorandum dated January 12th, that was written with a view to being submitted to the king, in which he put the inevitable alternative of a Cabinet united in the determination to carry Catholic Emancipation, or a Cabinet constructed on exclusively Protestant principles; and he came to the conclusion that no Cabinet so constructed could possibly carry on the general administration of the country. The state of the House of Commons appeared to him to be an insuperable obstacle to the successful issue of that experiment. Since the year 1807 there had been five Parliaments, and in the course of each of these, with one exception, the House of Commons had come to a decision in favour of the consideration of the Catholic question. The present Parliament had decided in the same manner. A dissolution, were it practicable, would not result in an election more favourable to the Protestant interest, if an exclusively Protestant Government were formed. Even should there be an increase of anti-Catholic members in England, it would not compensate for the increased excitement in Ireland, and the violent and vexatious opposition that would be given by fifty or sixty Irish members, returned by the Catholic Association and the priests. Then there would be the difficulty about preserving the peace in Ireland. During the last autumn, out of the regular infantry force in the United Kingdom, amounting to about 30,000 men, 25,000 men were stationed either in Ireland or on the west coast of England, with a view to the maintenance of tranquillity in Ireland, Great Britain being then at peace with all the world. What would be the consequence should England be involved in a war with some foreign Power? Various other considerations were urged, upon which Mr. Peel founded his advice to the king, which wasthat he should not grant the Catholic claims, or any part of them, precipitately and unadvisedly, but that he should, in the first instance, remove the barrier which prevented the consideration of the Catholic question by the Cabinet, and permit his confidential servants to consider it in all its relations, on the same principles on which they considered any other question of public policy, in the hope that some plan of adjustment could be proposed, on the authority and responsibility of a Government likely to command the assent of Parliament and to unite in its support a powerful weight of Protestant opinion, from a conviction that it was a settlement equitable towards Roman Catholics and safe as it concerned the Protestant Establishment.
Address
FORE:Some of the most eminent land-owners were clear-sighted and disinterested enough to oppose these views with all their power. The Dukes of Buckinghamshire and Devonshire, the Lords Carlisle, Spencer, Grey, Grenville, Wellesley, and many members of the Commons, voted and protested energetically against them; and the additional restrictions were not carried. But enough had been done to originate the most frightful[120] sufferings and convulsions. We shall see these agitations every remaining year of this reign. The Prince Regent, in his opening speech, in 1816, declared "manufactures and commerce to be in a flourishing condition." But Mr. Brougham at once exposed this fallacy. He admitted that there had been an active manufacturing and an unusual amount of exportation in expectation of the ports of the world being thrown open by the peace; but he declared that the people of the Continent were too much exhausted by the war to be able to purchase, and that the bulk of these exported goods would have to be sold at a ruinous reductionat almost nominal prices; and then would immediately follow a stoppage of mills, a vast population thrown out of employment, and bread and all provisions made exorbitantly dear when there was the least power to purchase. All this was speedily realised. British goods were soon selling in Holland and the north of Europe for less than their cost price in London and Manchester. Abundant harvests defeated in some degree the expectations of the agriculturists, and thus both farmers and manufacturers were ruined together; for, the check being given to commerce, the manufacturing population could purchase at no price, and, in spite of the harvest, the price of wheat was still one hundred and three shillings per quarter. Many farmers, as well as manufacturers, failed; country banks were broken, and paper-money was reduced in value twenty-five per cent.; and a circumstance greatly augmenting the public distress was the reduction of its issues by the Bank of England from thirty-one millions to twenty-six millions.On the death of Stanhope, Sir Robert Walpole was left without a rival, and he received his commission of First Lord of the Treasury on the 2nd of April, and from this period down to 1742 he continued to direct the government of Great Britain. His chief anxiety now was to restore the public credit. He drew up, as Chairman of the Committee of the Commons, a report of all that had been lost in the late excitements, and of the measures that had been adopted to remedy the costs incurred. Amongst these were the resolutions of the House respecting the seven and a half millions the directors of the South Sea Company had agreed to pay to Government; more than five had been remitted, and we may add that on the clamorous complaints of the Company the remainder was afterwards remitted too. The forfeited estates had been made to clear off a large amount of encumbrance, the credit of the Company's bonds had been maintained, and thirty-three per cent. of the capital paid to the proprietors. Such were the[49] measures adopted by the Commons, and these being stated in the report to the king, a Bill was brought in embodying them all. Many of the proprietors, however, were not satisfied. They were very willing to forget their own folly and greediness, and charge the blame on the Government. On the second reading of Walpole's Bill they thronged the lobby of the House of Commons. The next day the Bill was carried, and gradually produced quiet; but Walpole himself did not escape without severe animadversions. He was accused of having framed his measures in collusion with the Bank, and with a clear eye to his own interest; but he had been strenuously vindicated from the charge, and on the whole the vigour and boldness with which he encountered the storm and quelled it deserve the highest praise, and may well cover a certain amount of self-interest, from which few Ministers are free.
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