ONE:On the 12th of February Sir James Graham moved for the reduction of the salaries of all persons holding offices under Government, in proportion to the enhanced value of money produced by the Bank Restriction Act, which added to the weight of all fixed payments while it lowered wages and the price of provisions. "Hence," he said, "the miserable state to which the people of this country were now reduced, and the necessity for rigid, unsparing economy; and in that system of economy one great source of retrenchment must be the reduction of the salaries of those who had their hands in the public purse. Justice requires, necessity demands it." Ministers did not dare to resist this motion openly. They evaded it by an amendment, which was unanimously adopted, for an Address to the king, requesting him to order an inquiry to be made into all the departments of the Civil Government, with a view of reducing the number of persons employed in the various Services, and the amount of their salaries. On the 15th Mr. Hume attempted to carry retrenchment into the Army and Navy, moving a resolution to the effect that the former should be reduced by 20,000 men, and the latter by the sum of a million and a half. All the reductions he proposed would have effected a saving of eight millions annually. But neither the Whigs nor the Canning party were disposed to go such lengths. The motion was, therefore, defeated, the minority consisting solely of Radical reformers, who mustered fifty-seven on the division. Another assault on the Government was led on by Mr. Poulett Thompson, who moved for the appointment of a Committee for a Revision of the system of Taxation with a view to saving expense in the mode of collecting the revenue. The motion was resisted by Mr Peel on the ground that such important duties should not be delegated to a fraction of the members of the House. The motion was rejected by a large majority. A few days later, however, Ministers sustained a damaging defeat in the Committee of Supply on the Navy estimates. Two young men, who had been public servants for a few months only, Mr. R. Dundas and Mr. W. S. Bathurst, Junior Commissioners of the Navy, had been pensioned off on the reduction of their offices, the one with 400 and the other with 500 a year. The arrangement was attacked as a gross job and defended upon principle, and Ministers after[309] mustering all their strength were beaten by a majority of 139 to 121, on the motion that those pensions should be struck off. Several other motions, brought forward with a view of effecting retrenchments, were rejected by the House. This movement in the direction of financial reform, no doubt, received an impulse from the resentment of the leading Whigs, whose claims to take part in the Government were ignored by the Duke. But this remark does not apply to the efforts of Mr. Attwood and Mr. Baring, who moved that instead of a gold standard there should be a gold and silver standard, and that the Act for prohibiting the issue of small notes should be repealed. They strengthened their case by an appeal to the facts of the existing distress and commercial depression arising from a restricted currency. On the part of the Government, however, it was argued that a double standard of gold and silver would cause a loss of five per cent, to creditors if debtors were to pay in the silver standardthat the whole country would be a scene of confusion and ruinthat silver never was in practice the standard of the country, and that it never had been actually in a state to be used as a legal tender. Latterly the law had enacted that it should not be a legal tender beyond twenty-five pounds. By weight, indeed, it was a legal tender to any amount, but practically it had become so depreciated that there was no such thing as a standard by weight. Mr. Attwood's resolutions on the currency were negatived without a division.Argyll, who received the news of the retreat about four in the afternoon of that day, occupied Perth with Dutch and English troops by ten o'clock the next morning. They had quitted Stirling on the 29th, and that night they encamped on the snow amid the burnt remains of the village of Auchterarder. Argyll and Cadogan followed the advanced guard and entered Perth on[32] the evening of the 1st of February; but the remainder of the troops did not arrive till late at night, owing to the state of the roads and the weather. Some few of the rebels, who had got drunk and were left behind, were secured. The next day Argyll and Cadogan, with eight hundred light foot and six squadrons of dragoons, followed along the Carse of Gowrie to Dundee. Cadogan, in a letter to Marlborough, complained of the evident reluctance of Argyll to press on the rebels. When he arrived at Dundee on the 3rd, the rebel army was already gone. He and Cadogan then separated, taking different routes towards Montrose. Cadogan, whose heart was in the business, pushed on ahead, and on the 5th, at noon, reached Arbroath, where he received the news that the Pretender had embarked at Montrose and gone to France. In this manner did the descendant of a race of kings and the claimant of the Crown of Great Britain steal away and leave his unhappy followers to a sense of his perfidious and cruel desertion. His flight, no doubt, was necessary, but the manner of it was at once most humiliating and unfeeling. The consternation and wrath of the army on the discovery were indescribable. They were wholly broken up when Argyll reached Aberdeen on the 8th of February.
TWO:Such was the state of affairs at home and abroad during the recess of 1829. The Government hoped that by the mollifying influence of time the rancour of the Tory party would be mitigated, and that by the proposal of useful measures the Whig leaders would be induced to give them their support, without being admitted to a partnership in power and the emoluments of office. But in both respects they miscalculated. The Duke met Parliament again on the 4th of February, 1830. It was obvious from the first that neither was Tory rancour appeased nor Whig support effectually secured. The Speech from the Throne, which was delivered by commission, was unusually curt and vague. It admitted the prevalence of general distress. It was true that the exports in the last year of British produce and manufacture exceeded those of any former year; but, notwithstanding this indication of an active commerce, both the agricultural and the manufacturing classes were suffering severely in "some parts" of the United Kingdom. There was no question about the existence of distress; the only difference was as to whether it was general or only partial. In the House of Lords the Government was attacked by Earl Stanhope, who moved an amendment to the Address. He asked in what part of the country was it that the Ministers did not find distress prevailing? He contended that the kingdom was in a state of universal distress, likely to be unequalled in its duration. All the great interestsagriculture, manufactures, trade, and commercehad never at one time, he said, been at so low an ebb. The Speech ascribed the distress to a bad harvest. But could a bad harvest make corn cheap? It was the excessive reduction of prices which was felt to be the great evil. If they cast their eyes around they would see the counties pouring on them spontaneously every kind of solicitation for relief; while in towns, stocks of every kind had sunk in value forty per cent. The depression, he contended, had been continuous and universal ever since the Bank Restriction Act passed, and especially since the suppression of small notes took effect in the beginning of the previous year. Such a universal and continued depression could be ascribed only to some cause pressing alike upon all branches of industry, and that cause was to be found in the enormous contraction of the currency, the Bank of England notes in circulation having been reduced from thirty to twenty millions, and the country bankers' notes in still greater proportion. The Duke of Wellington, in reply, denied that the Bank circulation was less than it had been during the war. In the former period it was sixty-four millions, including gold and silver as well as paper. In 1830 it was sixty-five millions. It was an unlimited circulation, he said, that the Opposition required; in other words, it was wished to give certain individuals, not the Crown, the power of coining in the shape of paper, and of producing a fictitious capital. Capital was always forthcoming[308] when it was wanted. He referred to the high rents paid for shops in towns, which were everywhere enlarged or improved, to "the elegant streets and villas which were springing up around the metropolis, and all our great towns, to show that the country was not falling, but improving." After the Duke had replied, the supporters of the amendment could not muster, on a division, a larger minority than nine. In the House of Commons the discussion was more spirited, and the division more ominous of the fate of the Ministry. The majority for Ministers was only fifty-three, the numbers being 158 to 105. In the minority were found ultra-Tories, such as Sir Edward Knatchbull, who had proposed an amendment lamenting the general distress, Mr. Bankes, Mr. Sadler, and General Gascoigne, who went into the same lobby with Sir Francis Burdett, Lord John Russell, Mr. Brougham, Mr. Hume, and Lord Althorp, representing the Whigs and Radicals; while Lord Palmerston, Mr. Huskisson, Mr. Charles Grant, and Sir Stratford Canning represented the Canning party. No such jumble of factions had been known in any division for many years.
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