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32% TWO:Before this great measure had passed, Pitt had introduced his Budget. On the 30th of June he made his financial statement. He said that the resources of the country were in a very burthened and disordered state; but that was not his work, but the work of his predecessors. The outstanding arrears, owing to the late war, were already ascertained to amount at least to fourteen million pounds. These operated very injuriously on the public credit, being at a discount of from fifteen to twenty per cent.; and that without greatly[308] affecting the public securities, he should not be able to find more than six million six hundred thousand six hundred pounds of them at once. To meet the interest, he proposed to raise taxes to the amount of nine hundred thousand pounds a year. The imposts��some entirely new, and some augmented��were on hats, ribbons, gauzes, coals, saddle and pleasure horses, printed linens and calicoes, candles, paper, and hackney coaches; licences to deal in excisable commodities, bricks, and tiles; licences for shooting game.[See larger version]

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32% TWO:Such, then, was the state of affairs at the meeting of Parliament in November, 1768. These events in America claimed immediate attention. The petition of the Convention of Massachusetts, on its arrival, was rejected indignantly. The Opposition called for the production of the correspondence with the civil and military authorities there on the subject, but this demand was negatived. In January, 1769, the House of Lords took up the subject in a lofty tone. They complained of the seditious and treasonable proceedings of the people of Boston and of Massachusetts generally; and the Duke of Bedford, affirming that it was clear that no such acts could be punished by the magistrates or tribunals of the colony, moved an address to the king recommending that the criminals guilty of the late outrages should be brought to England and tried there, according to an Act of the 35th of Henry VIII. On the 26th of January it was introduced to the Commons. There it excited a very spirited opposition. Pownall, who had himself been governor of Massachusetts, and knew the Americans well,[195] accused the Lords of gross ignorance of the charters, usages, and character of the Americans; and Governor Johnstone as strongly condemned the motion, which was carried by one hundred and fifty-five to eighty-nine. On the 14th of March a petition from New York, denying their right to tax America in any way, was rejected, on the motion of Lord North; and, still later in the session, Governor Pownall moved that the revenue acts affecting America should be repealed forthwith. By this time everybody seemed to have become convinced of the folly of the attempt; but Ministers had not the magnanimity to act at once on the certainty that stared them in the face. Parliament was prorogued on the 9th of May, and did not meet again till the following January, as if there were nothing of moment demanding its attention.

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