FORE:In Europe war was about to break forth, in consequence of war in America. Yet the Court of France did not lack solemn warnings of the fatal path on which they were entering. The honest and far-sighted financier, Turgot, who had been employed by Louis XVI., as Comptroller-General, to endeavour to bring the terribly disordered revenue of France into order, said, "I must remind you, sire, of these three words'No bankruptcy, no augmentation of imposts, no loans.' To fulfil these three conditions there is but one meansto reduce the expenditure below the receipt, and sufficiently below it to be able to economise, every year, twenty millions, in order to clear off the old debts. Without that, the first cannon fired will force the State to bankruptcy." He assured the king that all colonies, on arriving at a condition of maturity, would as naturally abandon the control of the mother country as children, arriving at majority, do the control of their parents; that the independence of America would, therefore, come of itself, without France ruining herself to accelerate the event; that, as to France wishing Spain to join in this attempt, Spain must remember her own colonies, for, by assisting to free the British colonies, she would assuredly assist to liberate her own.
Saturday, 23/08/2014
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FORE:The Treaty of Peace received the sanction of the Parliament; not so the Treaty of Commerce. By this treaty it was provided that a free trade should be established according to the tariff of 1664, except as it related to certain commodities which were subjected to new regulations in 1669. This went to abolish all the restrictions on the importation of goods from France since that period, and within two months a law was also to be passed that no higher duties should be levied on goods brought from France than on the like goods from any other country in Europe. Commissioners were appointed to meet in London to carry these propositions into effect; but there immediately appeared a violent opposition to these regulations, which were contained in the eighth and ninth articles of the Treaty of Commerce. It was declared that these articles violated the Treaty of Methuen, according to which the duties on Portuguese wines were always to be lower by one-third than the duties on the French wines.Dr. Arbuthnot, a great friend of Pope and Swift, was also one of the ablest prose writers, "The Memoirs of Martinus Scriblerus," published in Pope's and Swift's works, and the political satire of "John Bull," a masterly performance, being attributed to him.
Saturday, 23/08/2014
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