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THREE:Nor were the fears of Cobbett imaginary. The Ministry at this time were such fanatics in tyranny, that they would have rejoiced to have thus caged the great political lion, and kept him in silence. At this very moment they had pounced upon one who was equally clever in his way, and who had, perhaps, annoyed them still more, but whom they did not so much fear to bring into a court of justice. This was William Hone, who had for some time been making them the laughing-stock of the whole nation by his famous parodies. Hone was a poor bookseller in the Old Bailey, who had spent his life in the quest after curious books, and in the accumulation of more knowledge than wealth. His parodies had first brought him into notice, and it did not appear a very formidable thing for the Government to try a secluded bookworm not even able to fee counsel for his defence. His trial did not come on at the Guildhall till the 18th of December, and then it was evident that the man of satirical fun meant to make a stout fight. The judge, Mr. Justice Abbott, and the Attorney-General, Sir Samuel Shepherd, from their manner of surveying the accused, did not apprehend much difficulty in obtaining a verdict against him. But they very soon discovered their mistake. The charge against Hone was for having published a profane and impious libel upon the Catechism, the Lord's Prayer, and the Ten Commandments, thereby bringing into contempt the Christian religion. The special indictment was for the publication of John Wilkes's catechism. The Attorney-General did not very judiciously commence his charge, for he admitted that he did not believe that Hone meant to ridicule religion, but to produce a telling political squib. This let out the whole gist of the prosecution, though that was very well perceived by most people before; and it was in vain that he went on to argue that the mischief was just the same. Hone opened his own defence with the awkwardness and timidity natural to a man who had passed his life amid books, and not in courts; but he managed to complain of his imprisonment, his harsh treatment, of his poverty in not being able to fee counsel, of the expense of copies of the informations against him, and of the haste, at last, with which he had been[129] called to plead. The judge repeatedly interrupted him, with a mild sort of severity, and the spectators were expecting him to make a short and ineffective defence. Hone, on the contrary, began to show more boldness and pertinacity. He began to open his books, and to read parody after parody of former times. In vain Mr. Justice Abbott and the Attorney-General stopped him, and told him that he was not to be allowed to add to his offence by producing other instances of the crime in other persons. But Hone told them that he was accused of putting parodies on sacred things into his books, and it was out of his books he must defend himself. The poor, pale, threadbare retailer of old books was now warmed into eloquence, and stood in the most unquestionable ascendency on the floor of the court, reading and commenting as though he would go on for ever; and he did go on for six hours. He declared that the editor of Blackwood's Magazine was a parodist��he parodied a chapter of Ezekiel; Martin Luther was a parodist��he parodied the first Psalm; Bishop Latimer was a parodist; so was Dr. Boys, Dean of Canterbury; so was the author of the "Rolliad;" so was Mr. Canning. He proved all that he said by reading passages from the authors, and he concluded by saying that he did not believe that any of these writers meant to ridicule the Scriptures, and that he could not, therefore, see why he should be supposed to do so more than they. Nay, he had done what they never did: as soon as he was aware that his parodies had given offence he suppressed them��and that long ago, not waiting till he was prosecuted. They, in fact, were prosecuting him for what he had voluntarily and long ago suppressed. The Attorney-General, in reply, asserted that it would not save the defendant that he had quoted Martin Luther and Dr. Boys, for he must pronounce them both libellous. The judge charged the jury as if it were their sacred duty to find the defendant guilty; but, after only a quarter of an hour's deliberation, they acquitted him.Mr. Vansittart introduced some financial measures which effected a material saving. He proposed a plan for reducing the interest of the Navy Five per Cents. to four per cent. Holders not signifying their dissent were to have one hundred and five pounds in a New Four per Cent. stock, and persons dissenting were to be paid off in numerical order. By this scheme an annual saving to the public of one million one hundred and forty thousand pounds would be effected; besides a further saving of upwards of ninety thousand pounds of annual charge, which would be gained by similar reduction of the Irish Five per Cents. The high prices of the public funds obviated all difficulty in the execution of this financial operation, and the holders of the Five per Cent. stock found it expedient to acquiesce in the Minister's terms. The dissentients were in number only one thousand seven hundred and seventy-eight, and the stock held by them amounted to two million six hundred and fifteen thousand nine hundred and seventy-eight pounds, not a fifteenth part of the Five per Cent. capital. Another operation related to what was called "The Dead Weight Annuity." The amount of military and naval pensions and civil supernumeraries was about five millions annually. Accordingly Mr. Vansittart brought forward an amended scheme for relieving the immediate pressure of this dead weight by extending it over a longer term of years than the natural lives of the annuitants. For this purpose an annuity of two million eight hundred thousand pounds was appropriated out of the existing revenue for forty-five years, invested in trustees for the discharge of the then payments, which for that year were estimated at four million nine hundred thousand pounds, subject to a yearly diminution by deaths. It was computed that, according to the ordinary duration of human life, the annuities for the lives of the then holders would be equal to the annuity of two million eight hundred thousand pounds for forty-five years. The trustees were therefore empowered to sell from time to time such portions of this annuity as would provide the funds required for the payment of the dead weight, according to a computation made of the amount which would probably be due in each year. The Bank of England became the contractor for a portion of the annuity. There was no novelty of principle in the project; it was only the old one of anticipating distant resources by throwing the burden of the existing generation on the next. It had the further disadvantage of incurring a useless expense for management; whereas the Sinking Fund, amounting at the time to about five millions, might have been applied to existing exigencies, and a real saving effected.