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The year 1797 was opened by the suspension of cash payments. The Bank of England had repeatedly represented to Pitt, as Chancellor of the Exchequer, that his enormous demands upon it for specie, as well as paper money, had nearly exhausted its coffers and could not long be continued. The payment of our armies abroad, and the advances to foreign kings, were necessarily made[455] in cash. The Government, in spite of enormous taxation, had already overdrawn its account eleven million six hundred and sixty-eight thousand eight hundred pounds, and the sole balance in the hands of the Bank was reduced to three million eight hundred and twenty-six thousand eight hundred and ninety pounds. Pitt was demanding a fresh loan for Ireland, when a message came from the Bank to say that, in existing circumstances, it could not be complied with. Thus suddenly pulled up, the Privy Council was summoned, and it was concluded to issue an order for stopping all further issue of cash, except to the Government, and except one hundred thousand pounds for the accommodation of private bankers and traders. Paper money was made a legal tender to all other parties, and the Bank was empowered to issue small notes for the accommodation of the public instead of guineas. A Bill was passed for the purpose, and that it might not be considered more than a temporary measure, it was made operative only till June; but it was renewed from time to time by fresh Acts of Parliament. The system was not abolished again till 1819, when Sir Robert Peel brought in his Bill for the resumption of cash payments, and during the whole of that time the depreciation of paper money was comparatively slight.

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THREE:On Monday, the 17th, Fox renewed the discussion, supported by Mr. Grey, who complained that at a so-called loyal meeting held at Manchester, the people had been incited to attack the property of those of more liberal views; and that an association had been formed in London, at the "Crown and Anchor" Tavern, which had issued a paper called "A Pennyworth of Truth from Thomas Bull to his Brother John," containing most unfounded censures on the Dissenters, whom it charged as being the authors of the American war. He declared that this paper was far more inflammatory than Paine's "Rights of Man," and he desired that it might be read at the table. Fox severely criticised the conduct of the loyal associations, and the means taken by the subscription papers to mark out those who maintained Liberal opinions; all such marked persons, he said, were in danger, on any excitement, of having their persons or houses attacked. He mentioned one paper concluding with the words, "Destruction to Fox and all his Jacobin crew!" This was, he thought, pretty plainly marking him out for such treatment as Dr. Priestley and Mr. Walker had received. The motion was rejected.THE "FIGHTING TMRAIRE" TUGGED TO HER LAST BERTH TO BE BROKEN UP, 1838. 19 August 2015, John Doe
THREE:Work he found none.[414] 19 August 2015, John Doe
THREE: 19 August 2015, John Doe
THREE:LICHFIELD HOUSE, ST. JAMES'S SQUARE, LONDON. 19 August 2015, John Doe
THREE: 19 August 2015, John Doe
THREE:In the session of 1719 Stanhope and his colleagues tried to undo the arbitrary measures of 1711 and 1714the Occasional Conformity Bill and the Schism Bill. Stanhope would have made a strenuous effort to abolish not only these laws, but the Test Act itself; but Sunderland, though equally liberal, was more prudent, and showed that, to attempt too much was to ruin all; and when they came to introduce their greatly modified measurethat of annulling only some of the less prominent clauses of the Test Act under the name of a Bill for strengthening the Protestant interestthey found so much opposition that Sunderland's discernment was fully justified. Not only the two archbishops and some of the bishops opposed the measure, but the great Whigs, the Duke of Devonshire and Earl Cowper. Cowper, though he expressed himself willing to abolish the Schism Bill, stood stoutly for the Test and Corporation Acts as the very bulwarks of our constitution in Church and State; whilst the Earl of Islay declared even this moderate measure a violation of the union with Scotland. On the other hand, the Bishops Hoadley, Willis, Gibson, and Kennett supported the Bill, which, however, was not carried without considerable mutilation; and had Stanhope introduced such a measure as he proposed, including even considerable relief to Catholics, the whole would have been lost. 19 August 2015, John Doe
THREE:CARLTON HOUSE, LONDON (1780). 19 August 2015, John Doe
THREE: "MY DEAR PEEL,I find it difficult to express to you the regret with which I see how widely I differ in opinion with Graham and yourself as to the necessity for proposing to Parliament a repeal of the Corn Laws. Since the Cabinet on Saturday I have reflected much and anxiously upon it;[519] but I cannot bring my mind to any other conclusion than that at which I had then arrived. I have thought it best to put down in writing the view of the case which presents itself to me; and when you have read it, I will thank you to send it on to Graham, with whom I have had no conversation upon it. I foresee that this question, if you persevere in your present opinion, must break up the Government one way or the other; but I shall greatly regret indeed if it should be broken up, not in consequence of our feeling that we had proposed measures which it properly belonged to others to carry, but in consequence of differences of opinion among ourselves."At the commencement of the Session a notice of a motion of want of confidence in the Ministry was given by Sir John Yarde Buller. He assigned as reasons for bringing forward the motion the disturbed and unsatisfactory state of the country, which he ascribed to the system of popular agitation, "nurtured and fostered," as he alleged, by the Ministers during the preceding two years. After a debate of four consecutive nights the motion was rejected by 308 votes to 287. The division was fairly satisfactory, and another source of gratification to the Ministry was the passing of the Irish Municipal Bill, which became law in spite of a characteristic protest from Bishop Phillpotts, who regarded the measure "as a deliberate and wilful abandonment of the cause of true religion which had provoked the justice of Almighty God and given too much reason to apprehend the visitation of Divine vengeance for this presumptuous act of national disobedience." In this Session Sir Robert Peel at last terminated the scandals connected with election committees by a plan which authorised the Speaker to appoint a general committee of elections, with the duty of selecting election committees to try each particular[471] case. Sir Francis Baring's Budget was a considerable improvement upon those of his indifferent predecessor, Mr. Spring-Rice, whose careless finance had produced no less than four successive deficits. He acknowledged a deficit of 850,000, and asked for a vote of credit. He further imposed an additional tax of 4d. a gallon on spirits, increased the customs and excise by 5 per cent., and the assessed taxes by 10 per cent. 19 August 2015, John Doe
[See larger version]LORD GREY.SLAVERY EMANCIPATION FESTIVAL IN BARBADOES. (See p. 368.)[528]
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