THREE:The Grenville Ministry was approaching its extinction. It had done a great work in the abolition of the Slave Trade, but there was another species of abolition which they were disposed to further which was not quite so acceptable. They had supported Wilberforce and his party in their measure for the negroes, but Wilberforce and his friends were by no means willing to support them in liberating the Catholics from their disabilities. Grenville and Fox had made no particular stipulation, on taking office, to prosecute the Catholic claims, but they were deeply pledged to this by their speeches of many years. It was, therefore, highly honourable of them, though very impolitic, to endeavour to do something, at least, to show their sincerity. Though the king was obstinately opposed to any relaxation of the restraints on this class of his subjects, yet the Fox and Grenville Ministry had introduced a milder and more generous treatment of the Catholics in Ireland. The Duke of Bedford, as Lord-Lieutenant, had discouraged the rampant spirit of Orangeism, and admitted Catholics to peace and patronage. He had abandoned the dragooning system, and had managed to settle some disturbances which broke out in the autumn of 1806, without even proclaiming martial law. These measures had won the cordial attachment of the Catholics both in Ireland and England, but, in the same proportion, had exasperated the Church and War party against them in both countries. Their adding another three-and-a-half per cent. to the income and property taxes had still further embittered these parties, and the antagonism to them was every day becoming stronger. Yet they resolved, in spite of all this, to make an attempt to do some justice to the Catholics. They managed to carry an additional grant to the College of Maynooth, and on the 4th of March, when this grant was debated, Wilberforce, though[533] wanting the support of Ministers for his Slave Trade Bill, made a violent speech against all concessions to the Catholics. He declared the Protestant Church the only true one, and, therefore, the only one which ought to be supported. "He did not profess," he said, "to entertain large and liberal views on religious subjects; he was not, like Buonaparte, an honorary member of all religions." Undeterred by these tokens of resistance, Lord Howick, the very next day, moved for leave to bring in a Bill to enable Catholics to hold commissions in the army and navy on taking a particular oath. He said that it was a strange anomaly that Catholics in Ireland could hold such commissions since 1793, and attain to any rank except that of Commander-in-Chief, of Master-General of the Ordnance, or of General of the Staff, yet, should these regiments be ordered to this country, they were, by law, disqualified for service. A clause had already been added to the Mutiny Bill to remove the anomaly. He proposed to do away with this extraordinary state of things, and enable his Majesty, at his pleasurefor it only amounted to that, after allto open the ranks of the army and navy to all subjects, without distinction, in Great Britain as well as Ireland.On the 21st of March Parliament was dissolved by proclamation, and the same day the Gazette announced several of the changes determined on in the Ministry. The Duke of Bedford retired from the Lord-Lieutenancy of Ireland, and his place was taken by the Earl of Halifax. Legge, who was considered too much in the interest of Pitt, was dismissed, and Lord Barrington now took his place of Chancellor of the Exchequer. Charles Townshend took Barrington's former office, and Sir Francis Dashwood became Treasurer of the Chambers in room of Townshend. Both Townshend and Dashwood had gone over to the party of Bute. Lord Holderness was now made to do what Dodington had before suggested; he resigned his office of Secretary of State, and in due course Bute was gazetted as appointed to that post. No notice of this change had been communicated to Pitt, the other and Chief Secretary, till it took place.
FORE: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.[See larger version]
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