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Things being in this position on the arrival of Admiral Lord Howe, he determined still, notwithstanding the Proclamation of Independence, to make every effort to procure a last chance of peace. He deeply regretted the delays which had attended his fleet, and lost no time in sending on shore an intimation that he brought conciliatory overtures. His first act was to dispatch a letter to Franklin, who, in England, had expressed so earnest a desire for accommodation of all differences, informing him of his commission to seek reconciliation, and of his powers for the purpose. But the Declaration being now made, Franklin had no longer a motive to conceal his real sentiments, and he replied in terms which greatly astonished Howe, filling his letters only with complaints of "atrocious injuries," and of what America had endured from "your proud and uninformed nation." Howe next turned to Washington, to whom he dispatched a flag of truce, bearing a letter to the Commander-in-Chief. But as Washington could only be regarded as an insurgent leader, Lord Howe thought he could not officially recognise a title conferred only by the American Congress, and therefore did not address him as "General," but simply as "George Washington, Esquire." Washington refused to treat in any other character than that of Commander-in-Chief of the American forces. He instantly returned Howe's letter, and forwarded the other papers to Congress. One of these was a circular declaration to the late royal Governors, enclosing a copy of Lord Howe's commission, and stating that all who should submit would be pardoned; that any town or province which declared its adhesion to the Crown should at once be exempt from the provisions of all the late Acts of Parliament, especially as regarded their trade; and that, moreover, all such persons as were active in promoting the settlement of their districts should be duly rewarded. The moment Congress received this document they ordered it to be published in the newspapers, that "the people might see how the insidious Court of Great Britain had endeavoured to disarm and amuse them," and that "the few whom hopes of moderation and justice on the part of the British Government had still kept in suspense, might now at length be convinced that the valour alone of their country is to save its liberties." Lord Howe, undeterred by this spirited proceeding of Congress, on the 20th of July sent the Adjutant-General once more to Washington, with another letter, still addressed to "George Washington, Esquire," but adding a number of etceteras. Washington was not to be caught by so shallow an artifice. The proposed interview, like the last, therefore, came to nothing, except that Congress took advantage of these repeated efforts to insinuate that the British were afraid of fighting.

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[See larger version][See larger version]The miscellaneous literature of this reign was immense, consisting of travels, biographies, essays on all subjects, and treatises in every department of science and letters. Prominent amongst these are the "Letters of Junius," who, in the early part of the reign, kept the leading statesmen, judges, and the king himself, in terror by the relentlessness of his scarifying criticisms. These letters, which are the perfection of political writing, have been ascribed to many authors, but most generally to Sir Philip Francis; though it is hard to speak on the subject with certainty. The writings of Dr. Johnson furnish many items to this department. His "Dictionary of the English Language" (1755) was a gigantic labour; his "Lives of the Poets," his "Tour to the Western Isles," would of themselves have made a reputation, had he never written his poetry, his periodical essays, or edited Shakespeare. Burke, too, besides his Speeches, added largely to general literature. He wrote his "Inquiry into the Origin of the Sublime and Beautiful;" assisted in the composition of the Annual Register for several years; and, in 1790, published his most famous work, "Reflections on the French Revolution." Besides these he wrote political letters and essays. Lady Mary Wortley Montagu produced her celebrated Letters about the middle of the century, and many other women were popular writers at this period: Sophia and Harriett Lee, Anna Maria Williams, Mrs. Lennox, Mrs. Catherine Talbot, Elizabeth Carter, the translator of Epictetus, Mrs. Montagu, an essayist on Shakespeare, Mrs. Chapone, author of "Letters on the Improvement of the Mind," Mrs. Barbauld, and Mrs. Charlotte Smith. In theology, metaphysics, and mental philosophy, the earlier portion of the reign was rich. In rapid succession appeared Reid's "Inquiry into the Human Mind," Campbell's "Answer to Hume on Miracles," Beattie's "Essay on Truth," Wallace's "Essay on the Numbers of Mankind," and Stuart's "Enquiry into the Principles of Political Economy." But nine years after Stuart's work appeared another on the same subject, which raised that department of inquiry into one of the most prominent and influential sciences of the age. This was the famous treatise "On the Nature and Causes of the Wealth of Nations," by Adam Smith (1776), which produced a real revolution in the doctrines of the production and accumulation of wealth. In teaching the advantages of free trade and the division of labour it has rendered incalculable services to mankind.
THREE:During the winter of 1812 and the spring of[63] 1813 Buonaparte was making the most energetic exertions to renew the campaign against Russia and the German nations that were now uniting with the Czar. He called out new conscriptions, and enforced them with the utmost rigour; the militia were drafted extensively into the regular army, and the sailors, whose service had been annihilated by the victorious seamen of Great Britain, were modelled into regiments, and turned into soldiers. He sent for part of his forces from Spain; and in the spring he was enabled to present himself in Germany at the head of three hundred and fifty thousand men. But this was a very different army from that which he had led into and lost in Russiaan army of practised veterans, familiar with victory through a hundred fights. It was necessarily but ill-disciplined, and much more full of the sense of wrong in having been dragged from home and its ties than of any thirst of glory. The cavalry was especially defective, and had lost the commander who gave it such spirit by his own example. Disgusted by the insolence and sarcasms of Buonaparte, and believing that his career was about to end, Murat quitted his command on the 16th of January, 1813, and hastened to Naples, where he was not long in opening negotiations with Great Britain and the other Powers for the acknowledgment of his kingdom as one independent of France, and ranking with the other established Powers of Europe. Nor was this the only alarming circumstance. Bernadotte was at the head of an army of Swedes against himBernadotte whom he had driven by the same insolent and unbearable domination into the arms of his enemies, and whom he now denounced as a renegade Frenchman who had renounced his country. The truth, however, was that Bernadotte had been adopted by a new country, and was bound to defend it.At two o'clock the York Town troops marched out with their drums beating, their muskets shouldered, and their colours cased, and piled their arms. The number of those who remained effective now amounted only to four thousand; the rest, making up the total number to about six thousand, were lying sick or wounded. General Lincoln, who had been so lately a prisoner of the English, was appointed to receive them, and the British prisoners had to march through two lines of the allied army, upwards of a mile in length, the Americans on the right, and the French on the left. The different feelings with which the English regarded the French and Americans was remarked. The English officers, as they passed along the enemy's lines, courteously saluted every French officera compliment which they withheld from every American one, even the highest. The surrender of Cornwallis's army was the determining point of the war. The news of this decisive event reached London on the 25th of November. Lord North walked about the room, exclaiming, "Oh, God! it is all over!" The king received the communication with more firmness. In Paris great was the exultation. Franklin, who was there, and who, only three days before, had written to Governor Pownall that he never expected to see "this accursed war" finished in his time, now wrote to John Adams, at the Hague:"I congratulate you on this glorious news. The infant Hercules, in his cradle, has now strangled his second serpent;" and so delighted was he with his conceit of the serpent, that he afterwards had a medal cast embodying it. ONE:These proceedings called forth an opposite class of Associations, in which the clergy of the Establishment took the lead. The bishop and clergy of Worcester, and Dr. Watson, the bishop, and the clergy of Llandaff, met and presented addresses to the king, expressing their abhorrence of the doctrines of these Associations, which made no secret of their demand for "the rights of manliberty and equality, no king, no Parliament;" and they expressed their conviction that this country already possessed more genuine liberty than any other nation whatever. They asserted that the Constitution, the Church, and State had received more improvements since the Revolution in 1688 than in all previous ages; that the Dissenters and Catholics had been greatly relieved, the judges had been rendered independent, and the laws in various ways more liberalised since the accession of his present Majesty than for several reigns previously. They asserted boldly that in no country could men rise from the lowest positions to affluence and honour, by trade, by the practice of the law, by other arts and professions, so well as in this; that the wealth everywhere visible, the general and increasing prosperity, testified to this fact, in happy contrast to the miserable condition of France. They concluded by recommending the formation of counter-associations in all parts of the country, to diffuse such constitutional sentiments and to expose the mischievous fallacies of the Democratic societies. This advice was speedily followed, and every neighbourhood became the arena of conflicting politics. The Democrats, inoculated by the wild views of French licence, injured the cause of real liberty and progress by their advocacy of the mob dominion of Paris; and the Constitutionalists, urged by the alarm and the zeal inspired by opposition, grew intolerant and persecuting. The eyes of thousands who had at first hailed the French Revolution as the happy dawn of a new era of liberty and brotherhood, were now opened by the horrors of the massacres of the French clergy in September of this year, and by the sight of swarms of priests, who had fled for security to London and were everywhere to be seen in the streets, destitute and dejected. A public meeting was called at the London Tavern towards the close of 1792, and a subscription entered into for their relief.The Irish corporations were included in the inquiry, which commenced in 1833. The Irish Commissioners took for their local investigations the one hundred and seventeen places which had sent representatives to the Irish Parliament. They found everywhere the grossest abuses. By an Act of George II., residence had been dispensed with as a qualification for corporate offices. The effect of this was to deprive a large number of them of a resident governing body. In some cases a few, very rarely a majority, of the municipal council were inhabitants of the town. In others, the whole chartered body of burgesses were non-resident, and they attended as a mere matter of form, to go through the farce of electing members of Parliament, or for the purpose of disposing of the corporate property. In some boroughs the charter gave the nomination of a member of Parliament to the lord of the manor or some local proprietor. In others the power of returning the Parliamentary representative was vested in a small self-elected body of freemen; almost invariably the power of nomination was actually possessed by the gentleman known as the "patron" or "proprietor," who could dispose of the seat as he thought proper, and if not reserved for himself or some member of his family, it was sold for the highest price it would bring in the markettreated in every respect as absolute property, which was transmitted, like the family estate, from father to son. This property was fully recognised at the union, and it was by buying it up at an exceedingly liberal price that Lord Castlereagh was enabled to carry that measure. By the Act of union a large number of those rotten corporations, some of which had not even a hamlet to represent, were swept away. But a considerable number remained, and of these the Commissioners of inquiry remarked:"This system deserves peculiar notice in reference to your Majesty's Roman Catholic subjects. In the close boroughs they are almost universally excluded from all corporate privileges. In the more considerable towns they have rarely been admitted even as freemen, and, with few exceptions, they are altogether excluded from the governing bodies. In someand among these is the most important corporation in Ireland, that of Dublintheir admission is still resisted on avowed principles of sectarian distinction. The exclusive spirit operates far more widely and more mischievously than by the mere denial of equal privileges to persons possessing perfect equality of civil worth; for in places where the great mass of the population is Roman Catholicand persons of that persuasion are for all efficient purposes excluded from corporate privilegesthe necessary result is that the municipal magistracy belongs entirely to the other religious persuasions; and the dispensation of local justice, and the selection of juries being committed to the members of one class exclusively, it is not surprising that such administration of the law should be regarded with distrust and suspicion by the other and more numerous body."
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FORE:The condition of the Prussian camp was daily growing worse; the troops were compelled to kill their horses for food; they were drenched with heavy rains and decimated by dysentery. The King of Prussia and the Duke of Brunswick were full of resentment at the false representations of the Emigrants, who had assured them that they would have little to do but to march to Paris, loaded with the welcomes and supplies of the people. Europe was surprised at the easy repulse of the Prussians; with their reputation, it was expected that they would march rapidly on Paris, and disperse the Republican troops with scarcely an effort. But they were no longer commanded by old Frederick; and even he would have found it difficult to make his way through a country which refused the barest food for an army, and which almost to a man was in arms to resist the foe. On the 24th of September overtures were made by the Prussians for an exchange of prisoners, to which Dumouriez agreed, refusing, however, to give up a single Emigrant captive. This led to discussions on the general question, and having bargained for a safe retreat, the Allies hurried homeward with all speed. Oppressed by famine and disease, and disgusted with the Emigrants, who had led them to suffering and disgrace, they made the best of their way to the Rhine, and, at the end of October, reached Coblenz, a sorry spectacle, reduced from eighty thousand, who had entered France three months before confident of victory and fame, to fifty thousand humbled and emaciated men. If Dumouriez had had unity and subordination amongst his generals he would have been able by a forced march to outstrip the Allies, cut them off from the Rhine, and scarcely a thousand of them would have escaped. The blame thrown upon him for not thus inflicting a terrible chastisement appears unmerited.

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THREE:This succession of adverse circumstances induced Bolingbroke to dispatch a messenger to London to inform the Earl of Mar of them, and to state that, as the English Jacobites would not stir without assistance from abroad, and as no such help could be had, he would see that nothing as yet could be attempted. But when the messenger arrived in London, he learnt from Erasmus Lewis, Oxford's late secretary, and a very active partisan of the Jacobites, that Mar was already gone to raise the Highlands, if we are to believe the Duke of Berwick, at the especial suggestion of the Pretender himself, though he had, on the 23rd of September, in writing to Bolingbroke, expressed the necessity of the Scots waiting till they heard further from him. If that was so, it was at once traitorous towards his supporters and very ill-advised, and was another proof to Bolingbroke of the unsafe parties with whom he was embarked in this hopeless enterprise.The King of Spain hoped, by the dismissal of Alberoni, to obtain more advantageous terms of peace from France and England; but they still stood firmly to the conditions of the Quadruple Alliance. On the 19th of January, 1720, the plenipotentiaries of England, France, and Holland signed an engagement at Paris not to admit of any conditions of peace from Spain contrary to those of the alliance. Stanhope despatched his secretary, Schaub, to Madrid, to endeavour to bring over the queen to this agreement, and Dubois sent instructions to the Marquis Scotti, Father d'Aubenton, and others in the French interest to press the same point. She stood out firmly for some time, but eventually gave way, and the mind of the king was soon influenced by her. Some difficulties which could not be overcome were referred to a congress to be held at Cambray. On the 26th of January Philip announced his accession to the Quadruple Alliance, declaring that he gave up his rights and possessions to secure the peace of Europe. He renewed his renunciation of the French Crown, and promised to evacuate Sicily and Sardinia within six months, which he faithfully performed.
THREE: Meeting of ParliamentEugene's Visit to EnglandMinisterial Attacks on the DutchMeeting of the Negotiators at UtrechtThe Question of the Spanish ThroneSham Fighting against the FrenchDebates on the Peace in ParliamentWithdrawal of the English TroopsConsequent Triumph of the FrenchBolingbroke's Visit to ParisBreak-up of the Grand AllianceMore Negotiations with the PretenderDeath of GodolphinMarlborough retires to the ContinentSignature of the PeaceThe Treaty of CommerceIts Rejection by the CommonsThe Whereabouts of the PretenderDissolution of ParliamentThe General ElectionIntrigues with St. GermainsBolingbroke's ActivityHis Friends in OfficeThe Empire and Spain make PeaceThe Pretender declines Overtures to Change his ReligionIllness of the QueenTax on NewspapersAttack upon the "Public Spirit of the Whigs"Steele expelled the HouseProposals against the Pretender and for bringing over the Electoral PrinceCounter-scheme for bringing over the PretenderObstacles to the SchemeThe Queen's Letter to the ElectorDeath of the Electress SophiaThe Schism BillIts Progress through the HousesReward for the Apprehension of the PretenderFall of OxfordBolingbroke's Jacobite CabinetIllness of the QueenThe Whig Coup d'tatRuin and Desperation of the JacobitesDeath of AnneProclamation of George I.The king attended the theatre one evening, and by his desire the drama of Rob Roy was performed. The theatre was of course crowded to excess, the boxes presenting a dazzling galaxy of rank and beauty. When the approach of the king was announced, there was a pause of deathlike stillness; then an outburst of deep, honest enthusiasm never to be forgotten. "A prolonged and heartfelt shout, which for more than a minute rent the house," a waving of handkerchiefs, tartan scarfs, and plumed bonnets, testified the joy of the assembly and delighted the ears and eyes of the "chief of chiefs." Sir Walter Scott in a letter to his son gives a vivid description of this royal visit. For a fortnight Edinburgh had been a scene of giddy tumult, and considering all that he had to do, he wondered that he had not caught fever in the midst of it. All, however, went off most happily. The Edinburgh populace behaved themselves like so many princes, all in their Sunday clothes; nothing like a mobno jostling or crowding. "They shouted with great emphasis, but without any running or roaring, each standing as still in his place as if the honour of Scotland had depended on the propriety of his behaviour. This made the scene quite new to all who had witnessed the Irish reception." The king's stay in Scotland was protracted till the 29th of August. On the day before his departure, Mr. Peel, who accompanied him as Home Secretary, wrote the following letter to Sir Walter Scott:"My dear sir,The king has commanded me to acquaint you that he cannot bid adieu to Scotland without conveying to you individually his warm personal acknowledgments for the deep interest you have taken in every ceremony and arrangement connected with his Majesty's visit, and for your ample contributions to their complete success. His Majesty well knows how many difficulties have been smoothed, and how much has been effected by your unremitting activity, by your knowledge of your countrymen, and by the just estimation in which they hold you. The king wishes to make you the channel of conveying to the Highland chiefs and their followers, who have given to the varied scenes which we have witnessed so peculiar and romantic a character, his particular thanks for their attendance, and his warm approbation of their uniform deportment. He does justice to the ardent spirit of loyalty by which they are animated, and is convinced that he could offer no recompense for their services so gratifying to them as the assurance which I now convey of the esteem and approbation of their Sovereign."
THREE:God's will be done!
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THREE:But these proceedings had not been effected without continual tumults. On the day that Wilkes was arrested by order of the King's Bench (the 27th of April), and, being refused bail, was sent to the King's Bench prison, the mob stopped the hackney coach as it proceeded over Westminster Bridge, took out the horses, and, with shouts of "Wilkes and Liberty!" drew him, not to the prison, but into the City, and took him into a tavern in Cornhill, where they kept him till midnight, declaring that he should enjoy his freedom in spite of the law. But Wilkes knew his position better than his champions, and, stealing away, he went voluntarily to the King's Bench, and surrendered himself. The next morning, when the mob knew that he was in prison, they assembled in furious throngs, and demanded, under the most terrible menaces, his liberation. They were at length dispersed by a detachment of Horse Guards, but not until the mob had abused and pelted the soldiers. These riots were kept up in different places from day to day; and on the 10th of May, twenty people were killed or wounded. When the soldiers who had fired on the rioters were brought to trial, they were not only acquitted, but the new Parliament voted loyal addresses on the occasion; and the Government, through Lord Barrington, the Secretary at War, and in the king's name, thanked publicly the officers and men for their signal service in protecting the public peace. This only added fresh fuel to the popular flame. To protect the public peace by shooting the people, and to assure the perpetrators of this outrage, as Lord Barrington did, that they should have every assistance from Government in defending them from all legal consequences, was rightly deemed most un-English conduct. The riots spread on all sides.

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FORE:FROM THE PAINTING BY P. JAZET.The king, in his speech on opening Parliament, mentioned the fleets which we had dispatched to the West Indies and South America, and his determination to continue those armaments so as to bring Spain to reason. He professed to rely with confidence on our allies, although we had scarcely one left, whilst in the same breath he admitted the no longer doubtful hostility of France[74] at the very moment that our only allynamely, Austriawas calling on us for assistance, instead of being able to yield us any, should we need it. On the proposal of the address, the Opposition proceeded to condemn the whole management of the war. The Duke of Argyll led the way, and was followed by Chesterfield, Carteret, Bathurst, and others, in a strain of extreme virulence against Walpole, calling him a Minister who for almost twenty years had been demonstrating that he had neither wisdom nor conduct. In the Commons Wyndham was no longer living to carry on the Opposition warfare, but Pitt and Lyttelton more than supplied his place.

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FORE:The "History of Scotland, during the Reigns of Queen Mary and James VI.," by Dr. Robertson, was published in 1759, the year of the appearance of Hume's "History of the House of Tudor." It was at once popular; and Hume, writing to him, attributed this to the deference which he had paid to established opinions, the true source of the popularity of many works. This was followed, in 1769, by his "History of Charles V.," and, in 1777, by his "History of America." Robertson's chief characteristic is a sonorous and rather florid[177] style, which extremely pleased his age, but wearies this. His histories drew great attention to the subjects of them at that period; but time has shown that they are extremely superficial, and they have not held their place.

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FORE:Sir Robert Peel did all in his power to form out of the materials at his disposal a Ministry that should command the confidence of the country. On the 16th he issued an address to his constituents at Tamworth, in which he announced the policy that should guide the new Government. He declared his intention to correct all proved abuses and real grievances; to preserve peace at home and abroad; to resist the secularisation of Church property in any part of the United Kingdom; to fulfil existing engagements with Foreign Powers; to observe a strict economy in the public expenditure; and promised an impartial consideration of what was due to all interests, agricultural, manufacturing, and commercial. He said:"With regard to the Reform Bill itself, I accept it as a final and irrevocable settlement of a great[379] constitutional question; a settlement which no friend to the peace and welfare of the country would attempt to disturb either by direct or insidious means. I will carry out its intentions, supposing those to imply a careful review of old institutions, undertaken in a friendly spirit, and with a purpose of improvement."

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But we have far overshot the contemporary history of Bengal. The Presidency thought it had greatly benefited by the reforms of Clive; yet it had since been called upon to furnish large supplies of men and money to support the unprincipled transactions at Madras, which we have briefly detailed, and the India House, instead of paying the usual dividends, was compelled to reduce them. Further, a terrible famine devastated Bengal, and more than half the population are said to have been swept away. This state of things compelled Parliament to turn its attention to India. General Burgoyne, now active in the Opposition, moved and carried, on the 13th of April, 1772, a resolution for the appointment of a select Committee of thirteen members to inquire into Indian affairs; and Burgoyne, who was extremely hostile to Clive, was appointed chairman. The committee went actively to work, and presented two reports during the Session. After Parliament met again in November, Lord North, who had conversed with Clive during the recess, called for and carried a resolution for another and this time a secret committee. As the Company was in still deeper difficulties, and came to Lord North to borrow a million and a half, he lent them one million four hundred thousand pounds, on condition that they should keep their dividends at six per cent. until this debt was repaid, and afterwards at eight per cent. He at the same time relieved them from the payment of the four hundred thousand pounds per annum, imposed by Lord Chatham, for the same period. This was done in February, 1773, and in April he brought in a Bill at the suggestion of Clive, who represented the Court of Proprietors at the India House as a regular bear-garden, on account of men of small capital and smaller intelligence being enabled to vote. By North's Bill it was provided that the Court of Directors should, in future, instead of being annually elected, remain in office four years; instead of five hundred pounds stock qualifying for a vote in the Court of Proprietors, one thousand pounds should alone give a vote; three thousand pounds, two votes; and six thousand pounds, three votes. The Mayor's Court in Calcutta was restricted to petty cases of trade; and a Supreme Court was established, to consist of a Chief Justice and three puisne judges, appointed by the Crown. The Governor-General of Bengal was made Governor-General of India. These nominations were to continue for five years, and then to return to the Directors, but subject to the approval of the Crown. Whilst the Bill was in progress, the members of the new Council were named. Warren Hastings was appointed the first Governor-General; and in his Council were Richard Barwell, who was already out there, General Clavering, the Honourable Colonel Monson, and Philip Francis.[323] Another clause of Lord North's Bill remitted the drawback on the Company's teas for export to America, an act little thought of at the time, but pregnant with the loss of the Transatlantic colonies. By these "regulating acts," too, as they were called, the Governor-General, members of Council, and judges, were prohibited from trading, and no person in the service of the king or Company was to be allowed to receive presents from native princes, nabobs, or their ministers or agents. Violent and rude, even, was the opposition raised by the India House and all its partisans to these two Bills.On the 7th of March the House of Commons went into committee on the establishment of the Duke of York, on account of his marriage. Fox united with Pitt in supporting the recommendation that twenty-five thousand pounds per annum should be added to the twelve thousand pounds which the duke already had; besides this the duke had a private yearly revenue of four thousand pounds, making altogether forty-one thousand a year, in addition to the bishopric of Osnaburg, in Germany, which had been conferred on the duke, though a layman and a soldier. Notwithstanding the union of Whigs and Tories on this occasion, the vote did not pass without some sharp remarks on the miserable stinginess of the King of Prussia, who only gave his daughter the paltry sum of twenty-five thousand pounds as a dowry, and stipulated that even that should be returned in case of the duke's death, though in that case his daughter was to have a permanent allowance of eight thousand pounds a year.Though the Duke of Wellington defended him-self against the persevering attacks of the financial reformers, he was busy making retrenchments in every department of the Public Service. So effectually did he employ the pruning-hook, that although the income of the previous year had fallen short of the estimate of the Chancellor of the Exchequer by 560,000, he was able to present to the House this year a surplus of 3,400,000 available for the reduction of taxation, still leaving an excess of income over expenditure of 2,667,000 applicable to the reduction of debt. There was, consequently, a large remission of taxation, the principal item of which was the beer duty, estimated[310] at 3,000,000. At the same time, in order to enable the Chancellor of the Exchequer to meet these reductions, an addition of one shilling a gallon was made to the duty on English spirits and of twopence on Irish and Scottish spirits. This Budget helped to clear the political atmosphere and brought a brief gleam of popularity to the Government. The Duke got full credit for an earnest desire to economise, and it was acknowledged by the Liberal party that he had given the most important financial relief that the nation had experienced since the establishment of peace. Notwithstanding, however, the general satisfaction, and the loud popular applause, the pressure of distress was not sensibly alleviated. The burden indeed was somewhat lightened, but what the nation wanted was greater strength to bear financial burdens, a revival of its industrial energies, and facilities for putting them forth with profit to themselves and to the country. Remissions of taxation were but the weight of a feather, compared to the losses sustained by the action of the currency. For while the reductions only relieved the nation to the extent of three or four millions, it was estimated that the monetary laws, by cutting off at least fifty per cent. from the remuneration of all branches of industry, commercial and agricultural, had reduced the incomes of the industrial classes to the extent of a hundred and fifty millions yearly.God's will be done!
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