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ONE:Mr. Vansittart introduced some financial measures which effected a material saving. He proposed a plan for reducing the interest of the Navy Five per Cents. to four per cent. Holders not signifying their dissent were to have one hundred and five pounds in a New Four per Cent. stock, and persons dissenting were to be paid off in numerical order. By this scheme an annual saving to the public of one million one hundred and forty thousand pounds would be effected; besides a further saving of upwards of ninety thousand pounds of annual charge, which would be gained by similar reduction of the Irish Five per Cents. The high prices of the public funds obviated all difficulty in the execution of this financial operation, and the holders of the Five per Cent. stock found it expedient to acquiesce in the Minister's terms. The dissentients were in number only one thousand seven hundred and seventy-eight, and the stock held by them amounted to two million six hundred and fifteen thousand nine hundred and seventy-eight pounds, not a fifteenth part of the Five per Cent. capital. Another operation related to what was called "The Dead Weight Annuity." The amount of military and naval pensions and civil supernumeraries was about five millions annually. Accordingly Mr. Vansittart brought forward an amended scheme for relieving the immediate pressure of this dead weight by extending it over a longer term of years than the natural lives of the annuitants. For this purpose an annuity of two million eight hundred thousand pounds was appropriated out of the existing revenue for forty-five years, invested in trustees for the discharge of the then payments, which for that year were estimated at four million nine hundred thousand pounds, subject to a yearly diminution by deaths. It was computed that, according to the ordinary duration of human life, the annuities for the lives of the then holders would be equal to the annuity of two million eight hundred thousand pounds for forty-five years. The trustees were therefore empowered to sell from time to time such portions of this annuity as would provide the funds required for the payment of the dead weight, according to a computation made of the amount which would probably be due in each year. The Bank of England became the contractor for a portion of the annuity. There was no novelty of principle in the project; it was only the old one of anticipating distant resources by throwing the burden of the existing generation on the next. It had the further disadvantage of incurring a useless expense for management; whereas the Sinking Fund, amounting at the time to about five millions, might have been applied to existing exigencies, and a real saving effected.During the interval that elapsed between the opening of Parliament and the introduction of this measure, society was in a state of nervous anxiety and suspense, which became at length almost unbearable. Petitions poured into the House of Commons from every part of the United Kingdom, conveying the earnest desire of the people for a real representation, which would put an end to the influence of the aristocracy in returning its members. They recommended, as the best means of effecting these objects, that the duration of Parliament should be shortened, that the suffrage should be extended, and that elections should be by ballot. They expressed their conviction that a fair representation of the people would prevent manufacturing distress, commercial embarrassment, and violent fluctuations in the currency; that it would prevent unjust and unnecessary wars, and would restrain the profligate expenditure of the public money on placemen and pensioners. Itinerant orators were employed by the political unions to hold meetings for the discussion of all questions of this kind, while the press put forth its gigantic power with tremendous effect, in the provinces as well as in the metropolis. 导航切换

• THREE:At this very moment Necker was receiving his dismissal. His situation at Court had been most painful. The people surrounded the palace, crying, "Vive Necker!" "Vive le Ministre du Peuple!" He was more popular than ever, because he had had no part in the insult to the Tiers ��tat on the 23rd of June. At the same time, when the queen appeared on the balcony with a child in her arms, the fiercest execrations were uttered amid curses on the aristocrats. This made Necker all the more unpopular within the palace. He was accused of having produced all the mischiefs by advising the king to summon the States General. He retorted that the nobles and bishops were the cause, by preventing the king from following the plans he had laid down. Necker, therefore, begged to resign; but he had been always desired to remain, for the Court apprehended an outbreak if he were dismissed. But now, matters being deemed sufficiently safe��the army being in grand force��the king, on the 11th of July, took him at his word. Necker was just sitting down to dinner when he received the king's note, which begged him to keep his retirement secret, and to get across the frontier as expeditiously as possible.

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• THREE:It was no wonder that Spain, feeling the serious effects of this state of things, should resist it; and when she did so, and exerted an unusual degree of vigilance, then the most terrible outcries were raised, and wonderful stories were circulated of Spanish cruelties to our people beyond the Atlantic. At this time the Opposition got hold of one of these, and made the House of Commons and the nation resound with it. It was, that one Captain Robert Jenkins, who had been master of a sloop trading from Jamaica, had been boarded and searched by a Coastguard, and treated in a most barbarous manner, though they could detect no proof of smuggling in his vessel. He said that the Spanish captain had cut off one of his ears, bidding him carry it to his king, and tell his Majesty that if he were present he would treat him in the same manner. This story was now seven years old, but it was not the less warmly received on that account. It excited the utmost horror, and Jenkins was ordered to appear at the bar of the House of Commons on the 16th of March, to give an account of the outrage himself; and it would appear that both he and other witnesses were examined the same day. Jenkins carried his ear about with him wrapped in cotton, to show to those to whom he related the fact, and the indignation was intense. He was asked by a member how he felt when he found himself in the hands of such barbarians, and he replied, "I recommended my soul to God, and my cause to my country." The worthy skipper had probably been crammed with this dramatic sentiment by some of his clever Parliamentary introducers; but its effect was all the same as if it had been a genuine and involuntary expression of his own mind. Researches made at the Admiralty in 1889 proved that he really had lost an ear.

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• THREE:(After the Portrait by J. B. Greuze.)

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• THREE:The General Election of 1784 secured for Pitt a prolonged tenure of power. The king, in opening the Session, could not repress the air of triumph, and congratulated the Houses on the declared sense of his people, not forgetting to designate Fox's India Bill as a most unconstitutional measure. In fact, no one was so delighted as the king. He had contemplated the victory of Fox and his friends over Pitt with actual horror. He had never liked Fox, and the violent and overbearing manner in which he had endeavoured to compel the king to dismiss his Ministers had increased his aversion into dread and repugnance. In his letters to Pitt he had said, "If these desperate and factious men succeed, my line is a clear one, to which I have fortitude to submit." Again: "Should not the Lords stand boldly forth, this Constitution must soon be changed; for if the two remaining privileges of the Crown are infringed, that of negativing the Bills which have passed both Houses of Parliament, and that of naming the Ministers to be employed, I cannot but feel, as far as regards my person, that I can be no longer of utility to this country, nor can with honour, remain in the island." In fact, George was menacing, a second time, a retreat to Hanover; a step, however, which he was not very likely to adopt. The sentiment which the words really express is his horror of the heavy yoke of the great Whig Houses. The Addresses from both Houses of Parliament expressed equal satisfaction in the change, Pitt's triumphant majority having now rejected the amendments of the Opposition.

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