FORE:The only attempts at reform were in the commissariat and discipline of the army. The soldiers were allowed an extra quantity of bread and meat, and the militia regiments were permitted to have artillery, and to increase their force and improve their staffs. But even these reforms were made unconstitutionally by the dictum of the Ministers, without the authority of Parliament, and occasioned smart but ineffectual remonstrances from the House. Every motion for inquiry or censure was borne down by the Ministerial majority.[481]
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TWO:The unnatural state of things induced by the war had now brought about a great change in our currency. As we could manage to get in our goods to the Continent by one opening or another, but could not get the produce of the Continent in return, it would have appeared that we must be paid in cash, and that the balance of specie must be in our favour; but this was not the case. By our enormous payments to our troops in Spain, Portugal, and Sicily, as well as in the East and West Indies, and by our heavy subsidies, gold had flowed out of the country so steadily that there appeared very little left in it, and bank paper had taken its place. On the Continent, impoverished as they were, the people tenaciously clung to their gold, and Buonaparte alone could draw it from them in taxes. He always took a heavy military chest with him on his expeditions, and his officers also carried the money necessary for themselves in their belts, or otherwise about their immediate persons. The gold being enormously diminished in quantity in England, was carefully hoarded on all hands, thus again increasing the scarcity, and raising the value of it. The price of bullion had risen from twenty to thirty per cent., and here was a further strong temptation to hoard or send guineas to the melting-pot. This state of things led a certain class of political economists to call for a repeal of the Act for suspension of cash payments, and Francis Horner obtained a committee of inquiry into the causes of the decrease of gold and the increase of paper: and this committee came to the conclusion that the true cause of the evil lay in the excess of paper, and that the way to restrain it would be to allow the demand for gold at the Bank. But the truth was that the cause of the evil was not the excess of paper, but the enormous diminution of gold; and to have opened a legal demand for gold which could not be had would only have produced a panic, and a complete and horrible assassination of all credit and all business. But there were clearer-sighted men in Parliament, who declared that, though bullion had risen in price, bank-notes would still procure twenty shillings' worth of goods in the market, and that they were not, therefore, really depreciated in value. That was true, but guineas had, notwithstanding, risen to a value of five- or six-and-twenty shillings, and might be sold for that. Gold had risen, but paper had not fallen; and gold could not take the place of paper, because it did not, to any great extent, exist in the country; if it had, paper must have fallen ruinously. Mr. Vansittart and his party, therefore, moved resolutions that the resumption of cash payments being already provided for six months after the conclusion of peace, was an arrangement which answered all purposes, and ought not to be disturbed; that this would keep all real excess of paper in check, and leave gold to resume its circulation when, by the natural influence of peace, it flowed again into the country. These were, accordingly, carried.Fox saw the growing change with alarm. He saw that all their resolutions and addresses produced no effect on the Ministerial party; and he did not dare to go further and pass a Bill, either legislative or declaratory, for he felt that the Lords would throw it out; and to stop the supplies, or delay the Mutiny Bill would probably disgust and annihilate the very majority on which he depended. In these circumstances, he probably saw with satisfaction an attempt at coalition. Mr. Grosvenor, the member for Chester, during the three days of the adjournment, called a meeting of members of both parties for the purpose of seeing whether a coalition could not be formed, and thus put an end to this violent contest. About seventy members met, and an address to the Duke of Portland and Mr. Pitt was signed by fifty-four. Pitt expressed his readiness to co-operate in such a plan, but the Duke of Portland declared that the first indispensable step towards such a measure must be the resignation of Ministers. This put an end to all hope of success.
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Nothing To Hide Here
FORE: Sir W. G. Newcomen, a peerage for his wife, etc.The debates were very animated, and excited the liveliest interest. The Bill was read the first time by a majority of five. On the 10th of May the House divided on the second reading, which was carried by a majority of twelve, the numbers being, for the Bill, two hundred and thirty-five; noes, two hundred and twenty-three. The exertions made to defeat this Bill were extraordinary. There were twenty-seven pairs of members who appeared in the House. The Duke of York canvassed against it in all directions with the utmost zeal and activity. It was felt that if it passed into law, the admission of Roman Catholics into the Lower House must follow as a matter of course. The Bill, however, was thrown out by the Lords.
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