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.
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Our Relations with ScindeOccupation of the CountryNapier in ScindeEllenborough's InstructionsA New TreatyCapture of Emaum-GhurThe Treaty signedAttack on the ResidencyBattle of MeeaneeDefeat of Shere MahommedSubjugation of ScindeNapier's Government of the ProvincePosition of the SikhsDisorders in GwaliorBattle of MaharajporeSettlement of GwaliorRecall of Lord EllenboroughSir Henry HardingePower of the SikhsDisorders on the Death of Runjeet SinghThe Sikhs cross the SutlejBattle of MoodkeeBattle of FerozeshahThe Victory wonBattle of AliwalBattle of SobraonTerms of PeaceAdministration of the LawrencesMurder of Vans Agnew and AndersonRenewal of the WarBattles of Chillianwallah and of GoojeratCapture of MooltanAnnexation of the Punjab.Before there was any declaration of war, the King of France, on the 18th of March, issued an[255] order to seize all British ships in the ports of that kingdom; and, nine days afterwards, a similar order was issued by the British Government as to all French ships in their harbours. The first act of hostility was perpetrated by Admiral Keppel. He had been appointed first Admiral on the earliest news of the treaty of France with America; and, being now in the Channel with twenty ships of the line, he discovered two French frigates, La Licorne and La Belle Poule, reconnoitring his fleet. Not troubling himself that there had been no declaration of war, Keppel ordered some of his vessels to give chase; and, on coming up with the Licorne, a gun was fired over her, to call her to surrender; and the Frenchman struck his colours, but not before he had poured a broadside into the America, commanded by Lord Longford, and wounded four of his men. The "saucy" Arethusa, famed in song and story, in the meantime, had come up with the Belle Poule, and, after a desperate action, drove her in amongst the rocks, whilst the Arethusa herself was so disabled as to require towing back to the fleet. A schooner and a French frigate were soon afterwards taken; and, finding on board these vessels papers stating that the fleet in Brest harbour consisted of thirty-two sail of the line and ten or twelve frigates, Keppel returned to Portsmouth for reinforcements. The CoronationFears of Eminent MenThe CholeraThe WaverersLord John Russell introduces the third Reform BillIts Progress through the CommonsThe Second Reading carried in the LordsBehind the ScenesFeeling in the CountryDisfranchisement Clauses postponedGrey resignsEbrington's ResolutionWellington attempts to form a MinistryPopular furyThe Run on the BankWellington abandons his postGrey exacts the King's Consent to the creation of PeersThe Opposition withdrawnThe Bill becomes LawThe Irish Reform BillThe Bill in the LordsThe Scottish Reform BillBecomes LawResult of the Reform BillsMr. Stanley in IrelandThe Tithe-proctorThe Church CessTithe Legislation of 1831Irish EducationWyse's ReportStanley's BillIts Provisions for Religious InstructionGeneral ElectionNew ParliamentThe Coercion BillThe Church Temporalities BillThe Poor Law CommissionIts ReportSketch of the Poor Law SystemProvisions of the Poor Law Amendment ActHistory of the Emancipation MovementMr. Stanley's ResolutionsProvisions of the Act of EmancipationThe Dorsetshire LabourersThe Copenhagen Fields MeetingOther Meetings and StrikesSheil and Lord AlthorpO'Connell's Motion on the unionBaron SmithLittleton's Tithe BillMr. Ward's MotionResignation of Mr. Stanley and his FriendsAn Indiscreet Speech of the King'sThe Debate on Mr. Ward's MotionFinal Collapse of the CabinetRetrospect of Lord Grey's Ministry.But on the 29th of February, 1776, the treaties lately entered into by the British Government with a number of German princes to furnish troops to fight in America, were laid on the table of the Commons; and intense indignation was raised against this most odious and impolitic measure. There had been negotiations with Russia for the purpose of procuring her savages to put down our kinsmen in America; but this barbarous attempt had failed. It was more successful with the petty princes of Germany. The Duke of Brunswick, the Landgrave of Hesse-Cassel, and other little despots, now greedily seized on the necessity of England, to drive the most extravagant terms with her. Under the name of levy-money, they were to receive seven pounds ten shillings for every man; and besides maintaining them, we were to pay to the Duke of Brunswick, who supplied four thousand and eighty-four men, a subsidy of fifteen thousand five hundred and nineteen pounds; the Landgrave of Hesse-Cassel, who furnished twelve thousand men, did not get such good terms as Brunswickhe had ten thousand pounds; the hereditary Prince of Hesse received six thousand pounds a-year, for only six hundred and eighty-eight men. Besides this, the men were to begin to receive pay before they began to march. Brunswick was also to get double his sum, or thirty-one thousand and thirty-eight pounds a-year, for two years after they had ceased to serve; and the Landgrave of Hesse was to receive twelve months' notice of the discontinuance of the payment after his troops had returned to his dominions. The payment for 1776 was to be four hundred and fifty thousand crowns, or nearly one hundred thousand pounds. The Prince of Waldeck soon after engaged to furnish six hundred and seventy men on equally good terms. Beyond all these conditions, England was bound to defend the dominions of those princes in the absence of their troops. The independent members of both Houses nobly discharged their duty in condemnation of this engagement of German mercenaries, but without effect, and the king prorogued Parliament, under the pleasing delusion that his foreign troops would soon bring his rebellious subjects to reason; and the Ministers apparently as firmly shared in this fallacious idea.Canning, now rising into note, and Windham, declared that there were no motives for peace, but everything to necessitate the active prosecution of the war; and Windham could not help severely condemning the acquittal of Horne Tooke, Hardy, Thelwall, and the rest of the accused Reformers. He was called to order for thus impugning the conduct of independent juries, and reminded that no legal proofs of the guilt of the prisoners had been producedon which he replied that they ought to have been condemned, then, on moral proofs.
