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JOHN WESLEY.
ONE: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.CONFERENCE BETWEEN THE HOUSES OF PARLIAMENT, 1835. (See p. 392.)
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THE PALACE OF FONTAINEBLEAUCharles Stanhope, though clearly guilty, escaped, after examination in the House, by a majority of three, out of respect for the memory of his deceased relative, the upright Lord Stanhope. Aislabie's case came next, and was so palpably bad that he was committed to the Tower and expelled the House, amid the ringing of bells, bonfires, and other signs of rejoicing in the City of London. The bulk of his property, moreover, was seized. This was some compensation to the public, which had murmured loudly at the acquittal of Stanhope. Sunderland's case was the next, and he escaped by the evidence against him being chiefly second-hand. He was acquitted by a majority of two hundred and thirty-three against one hundred and seventy-two. As to the king's mistresses, their sins were passed over out of a too conceding loyalty; but no favour was shown to the directors, though some of them were found to be much poorer when the scheme broke up than they were when it began. Amongst them was Mr. Gibbon, the grandfather of the historian, who afterwards exposed the injustice of many of these proceedings, though at the time they were considered as only too merited. The directors were disabled from ever again holding any place, or sitting in Parliament; and their estates, amounting to upwards of two millions, were confiscated for the relief of the sufferers by the scheme.When the resolutions of the Committee were reported two days afterwards, the debate was renewed with all its vehemence, and Pulteney unveiled another view of the case, which had much real truth and warning in it. "It is well known," he said, "that every one of the public officers have already so many boroughs or corporations which they look on as their properties. There are some boroughs which are called Treasury boroughs; there are others which may be called Admiralty boroughs; in short, it may be said that nearly all the towns upon the sea-coast are already seized upon, and in a manner taken prisoners by the officers of the Crown. In most of them they have so great an influence that none can be chosen members of Parliament but such as they are pleased to recommend. But, as the Customs are confined to our seaports, as they cannot travel far from the coast, therefore this scheme seems to be contrived in order to extend the laws of Excise, and thereby to extend the influence of the Crown over all the inland towns and corporations of England."When Emancipation was carried, the Catholics did not forget the claims of Mr. O'Connell, who had laboured so hard during a quarter of a century for its accomplishment. A testimonial was soon afterwards got up to reward him for his services. Mr. C. O'Laughlin, of Dublin, subscribed 500; the Earl of Shrewsbury 1,000 guineas, and the less grateful Duke of Norfolk the sum of 100. The collection of the testimonial was organised in every district throughout Ireland, and a sum of 50,000 sterling was collected. Mr. O'Connell did not love money for its own sake. The immense sums that were poured into the coffers of the Catholic Association were spent freely in carrying on the agitation, and the large annuity which he himself received was mainly devoted to the same object. One means, which had no small effect in accomplishing the object, was the extremely liberal hospitality which was kept up, not only at Derrynane Abbey, but at his town residence in Merrion Square; and he had, besides, a host of retainers more or less dependent upon his bounty.The Hanoverian Tories now again joined the Whigs, and their demands compelled the Government to issue a proclamation offering a reward of five thousand pounds for the apprehension of the Pretender should he attempt to land anywhere in Great Britain. Wharton proposed that the words "Alive or Dead" should be inserted in the proclamation, but the queen rejected them with horror. The House of Lords passed a resolution increasing the reward to one hundred thousand pounds. It was made high treason, too, to enlist or be enlisted for the Pretender. Bolingbroke, however, assured Iberville, a French agent, that "it would make no difference;" and that the queen regarded the whole as a mere sop to the public was evinced by her immediately afterwards receiving the Earl of Mar, a most determined Jacobite, at Court on his marriage with Lady Francis Pierrepoint, sister of the celebrated Lady Mary Wortley Montagu, and soon after making this man one of her Ministers of State, who, in the very next year, headed the Jacobite rebellion.
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