The proofs of this prosperity have been exhibited in various other ways. In 1815 the yearly value of dwelling-houses in England and Wales was 14,000,000 for nearly 10,000,000 of people; in 1841 the yearly rental was 23,000,000 for Under 16,000,000 of people; which, reckoning the rental at twenty years' purchase, shows an investment in houses of capital amounting to 180,000,000 in twenty-six years. Counting since the Peace in 1815, it was estimated that the real property of England and Wales in the form of additional dwellings must have absorbed 240,000,000 of capital. Sir Robert Peel, in bringing forward his proposal for an income tax in 1842, assumed the value of real property in Great Britain to be as follows:Rent of land, 39,400,000; rent of houses, 25,000,000; tithes, mines, etc., 8,400,000: total, 72,800,000, which, at twenty-five years' purchase, would be equal to a capital of 1,820,000,000. The annual value of real property actually assessed to the property and income tax in 1843 turned out to be much more than Sir Robert Peel estimated, amounting to more than 95,000,000 a year.
The Directory began its campaigns of 1796 with much spirit and ability. The plans which had been repeatedly pointed out by Dumouriez, Pichegru, Moreau, and more recently by Buonaparte, of attacking the Austrians in Germany and Italy simultaneously, and then, on the conquest of Italy, combining their armies and marching them direct on the Austrian capital, were now adopted. Pichegru, who had lost the favour of the Directory, was superseded by Moreau, and that general and Jourdain were sent to the Rhine. Jourdain took the command of sixty-three thousand foot and eleven thousand horse, at Coblenz, and immediately invested the famous fortress of Ehrenbreitstein, on the opposite bank of the river. Moreau was sent to lead the army at Strasburg, consisting of seventy-two thousand foot and nearly seven thousand horse. Jourdain found himself soon menaced by the Archduke Charles, the Emperor's brother, the ablest and most alert general that the Austrians possessed at that period. He advanced rapidly on Jourdain's position with seventy thousand foot and twenty thousand horse, defeated a division of Jourdain's army under General Lefebvre, and compelled Jourdain himself to raise the siege. But the archduke, out of too much anxiety for Wurmser, who was opposed to[452] Moreau with much inferior forces, ascended the Rhine to support him, and Jourdain immediately availed himself of his absence to advance and seize Frankfort on the Main, Würzburg, and other towns. Moreau advanced to drive back Wurmser and the archduke, till a union with Jourdain would enable them to fall conjointly on the Austrians. But the archduke perceived that, in consequence of the orders of the Directory, Moreau was spreading his army too wide, and he retreated so as to enable Wurmser to join him. This retrograde movement was mistaken, both by friends and enemies, for a sign of weakness; and whilst Moreau advanced with increased confidence, many of the raw contingents of the archduke's army deserted, and several of the petty States of Germany sued to the Directory for peace. But the moment for the action of the archduke had now arrived. Whilst Moreau was extending his lines into Bavaria, and had seized Ulm and Donauw?rth, and was preparing to occupy the defiles of the Tyrol, the Archduke Charles made a rapid detour, and, on the 24th of August, fell on Jourdain, and completely defeated him. He then followed him to Würzburg, and on the 3rd of September routed him again. With a velocity extraordinary in an Austrian, the archduke pushed on after Jourdain's flying battalions, and on the 16th of September gave him a third beating at Aschaffenburg, and drove his army over the Rhine. Moreauleft in a critical position, so far from the frontiers of France, and hopeless of any aid from Jourdain, who had lost twenty thousand men and nearly all his artillery and baggagemade haste to retrace his steps. Thus both of the French armies were beaten back to the left bank of the Rhine, and Germany was saved.[See larger version]
FORE:The amended copy of the proposed tariff was laid on the table of the House of Commons on the 5th of May; and its details explained by the Premier in a speech which served to bring out still more strongly the anomalous position in which he was placed. His speech was a long elaborate statement distinguished for its excellent temper, its clearness, and, above all, by its singularity as delivered by the Conservative leader. He went over all the sections of his subject, showing how the removal of prohibitions would benefit everybody; how the reduction of duties on raw materials would stimulate trade; how the diminished duties on provisions would make living cheaper for all; and how the lesser protection to manufactures would injure none. Such, he said, were the grounds of the change which it was his intention to carry through; adding, "I know that many gentlemen who are strong advocates for Free Trade may consider that I have not gone far enough. I believe that on the general principle[489] of Free Trade there is now no great difference of opinion, and that all agree in the general rule that we should purchase in the cheapest market and sell in the dearest." Loud cheers from the Opposition benches here interrupted him. Turning in the direction of the cheerers, he said, "I know the meaning of that cheer. I do not now wish to raise a discussion on the Corn Laws or the sugar duties. I have stated the grounds, on more than one occasion, why I consider these exceptions to the general rule, and I will not go into the question now. I know that I may be met with the complaints of gentlemen opposite of the limited extent to which I have applied the general principle to which I have adverted to these important articles. I thought, after the best consideration I could give to the subject, that if I proposed a greater change in the Corn Laws than that which I submitted to the consideration of the House, I should only aggravate the distresses of the country, and only increase the alarm which prevailed among important interests. I think that I have proposed, and the Legislature has sanctioned, as great a change in the Corn Laws as was prudent, considering the engagements existing between landlord and tenant, and also the large amount of capital which has been applied to the cultivation of the soil. Under these circumstances, I think that we have made as great a change as was consistent with the nature of the subject."INVASION OF CANADA: RED MEN ON THE WAR PATH. (See p. 35.)
The evening of the 27th of January was fixed for the Minister's general statement upon the commercial policy of the Government. Sir Robert proposed the reduction of the duty on Russian tallow from 3s. 2d. to 1s. 6d.; the abolition of duty on the coarser fabrics of linen, cotton, and woollen, and the reduction on the finer from 20 to 10 per cent.; on French brandy and Geneva, a reduction from 22s. 10d. to 15s.; on foreign free-grown Muscovada sugar, a reduction from 9s. 4d. to 5s. 10d.; and on clayed 11s. 10d. to 8s.; the admission of Indian corn and buckwheat duty free; on butter, the duty to be reduced from 20s. to 10s.; and on cheese, from 10s. to 5s.; the duty on live animals, and fresh and salted meats, pork, and vegetables to be abolished. As to corn, in lieu of the then sliding scale, he proposed that when the average price of wheat was 48s., the duty should fall by 1s. with every 1s. of rise in price, till on reaching 53s. the duty should be a fixed one of 4s.; that this mitigated scale should last for three years, and, by a positive enactment, then disappear on the 1st of February, 1849, leaving for the future only a nominal rate of duty; and that all British colonial wheat and flour should be forthwith admitted at a nominal rate.This was a broad indication of the French seizing, under the pretence of propagating liberty, on what had been called the natural boundaries of France in the time of Louis XIV.,namely, the Rhine and the Alps, thus including Belgium, part of Holland, Nice, and Savoy. They dispatched emissaries to Victor Amadeus, the King of Sardinia, offering to drive the Austrians out of Italy, and give Italy to the Italians. As they had, however, previously sent numbers of their Jacobin propagandists to inoculate his people with Republicanism, the king refused their offers, and forbade General Semonville to enter the country. On this, the Convention proclaimed war against him, and ordered Montesquieu to invade Nice and Savoy. With an army of fifteen thousand men[408] and twenty pieces of artillery, Montesquieu entered Savoy, and the few Savoyard troops being unable to compete with him, the people, moreover, being already prepared by French Republicans, he overran the country, entered Chambry in triumph, and occupied the province to the foot of Mont Cenis. Elated by the successes of these campaigns, the French Convention passed a decree, declaring that it would grant succour and fraternity to all peoples desirous of recovering their liberty; it ordered its generals to give such aid to all citizens who were, or might be, harshly treated on account of their desire for liberty; and the generals were instructed to post this decree in all public places to which they should carry the arms of the Republic. Two days afterwards Savoy was formed into a new department as the Department of Mont Blanc.
