THREE:On the 11th of February Lord Althorp brought forward the Budget. Basing his calculations on the revenue of the previous year, he estimated the national income at 50,000,000, and the expenditure at 46,850,000, leaving an anticipated surplus of more than 3,000,000; and it was proposed to take off taxes to the whole of that amount, and to replace it to some extent by other taxes, less burdensome to the people. The principal taxes to be taken off were those on tobacco, sea-borne coal, tallow candles, glass, printed calicoes, and newspapers. The new taxes consisted in an increase of the duties on wine, colonial timber, and raw cotton, a tax on steamboat passengers, and on the transfers of funded property. The proposed new taxes excited violent opposition, which obliged the Chancellor of the Exchequer to modify some of them, and abandon the last two; in fact, the financial scheme was a failure. Equally unsuccessful were his attempts to introduce retrenchments into the Civil and Pension Lists. But the Government was borne up by its great measure, the Reform Bill.
THREE:His enemies of his own house were not so easily intimidated. The summer had been an unprecedentedly rainy one. The crops had failed, and, in consequence of the scarcity and dearness of corn, there had been riots, especially in the western counties. The enraged people had burned down the ricks and barns of the farmers who were hoarding their corn for higher prices. Chatham instantly, that is, on the 10th of September, issued a proclamation against "forestallers and regraters." As the riots still increased, on the 24th he caused an Order in Council to be issued, laying an embargo on corn, and prohibiting the sailing of vessels already laden with wheat for foreign markets, the failure of crops being as great on the Continent as in England. He had been advised not to venture on so bold a measure without calling together Parliament; but he would not hear of it, lest it should look like timidity of counsel. It was a daring stretch of prerogative, and did not pass without severe censure. Chatham defended the measure: he quoted Locke in justification of such measures for the prevention of internal calamity and tumult; and he defended it further by the fact, that to have called together Parliament would have brought noblemen and gentlemen from their own neighbourhood, just when they were most needful there to maintain order. Lord Camden, the present Chancellor, and Lord Northington, the late one, stoutly supported him, Camden saying that it was a measure so moderate and beneficial, that a Junius Brutus might have trusted it to a Nero. Unfortunately, he added that, at worst, it was only "a forty days' tyranny"a phrase which excited the utmost clamour, and was long remembered against him.Leinster 1,973,731 4,624,542 450,606 308,068
THREE:BY ERNEST CROFTS, R.A. FROM THE PAINTING IN THE WALKER ART GALLERY.