FORE:This was the fatal year in which Buonaparte, led on by the unsleeping ambition of being the master of all Europe, and so of all the world, made his last great attemptthat of subduing Russia to his yokeand thus wrecked himself for ever. From the very day of the Treaty of Tilsit, neither he nor Alexander of Russia had put faith in each other. Buonaparte felt that the Czar was uneasy under the real dictatorship of France which existed under the name of alliance. He knew that he was most restless under the mischief accruing from the stipulated embargo on British commerce, and which, from the ruin which it must bring on the Russian merchants, and the consequent distress of the whole population, might, in fact, cause him to disappear from the throne and from life as so many of his ancestors had done. Timber, pitch, potash, hemp, tallow, and other articles were the very staple of Russia's trade, and the British were the greatest of all customers for these. The landed proprietors derived a large income from these commodities, and they asked why they were to perish that Buonaparte might destroy Great Britain, whence they drew their principal wealth. He knew that Alexander looked with deep suspicion on his giving the Duchy of Warsaw to the King of Saxony, a descendant of the royal family of Poland. To this act was added the stipulations for a free military road and passage for troops from Saxony to Warsaw; and also that France should retain Dantzic till after a maritime peace. These things seemed to point to the re-establishment of the kingdom of Poland, and the demand, at some future day, for the surrender of the rest of the Polish territory by Russia. So the Poles seemed to interpret these matters, for they had, since these arrangements, flocked to his standard, and were fighting Buonaparte's battles in Spain. To these causes of offence and alarm, which Alexander did not hesitate to express, and which Napoleon refused to dissipate, were added the seizure of the Duchy of Oldenburg, guaranteed to Alexander's near relative, and the marriage alliance with Austria. Alexander, on this last occasion, said"Then my turn comes next;" and in anticipation of it he had been strengthening himself by a secret league with Sweden.
THREE:THE "VICTORY" AT PORTSMOUTH.
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THREE:
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THREE:There was, however, no violation of the peace, which Lord Anglesey had taken effective measures to preserve. He had placed at the disposal of Major Warburton 47 artillery, with two 6-pounders; 120 cavalry, and 415 infantry. These were at Clare Castle, close at hand; within a few miles there were 183 cavalry, and 1,313 infantry; within thirty-six miles, 28 cavalry, 1,367 infantry, and two 6-pounders; and at a farther distance there was a regiment of cavalry and above 800 infantry. There were besides, on duty at Ennis, 300 of the constabulary.
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THREE:Before this, however, the financial statement for the year had been made, and for awhile the Corn Law question was suspended for the country to recover from its astonishment at finding in the Minister of the Conservative party one of the boldest reformers of our tariff who had ever occupied the Ministerial benches. But yesterday his position had appeared one of the greatest difficulty, in which a cautious hold upon the established sources of revenue, with some well-balanced proposals for additional taxes, was all that could be expected. He had not the good fortune of Mr. Goulburn or Lord Althorp in having a surplus to dispose of. The Whig Government had bequeathed to their successors a deficit, which had been increasing from year to year, with a revenue falling off even in the face of new taxes. How[488] was the deficit to be met was the question which filled the mouths of public men; a question which was answered by the famous financial statement of Sir Robert Peel on the 11th of March. After showing that the deficiency for the coming year would be little short of 2,500,000, and that this deficiency might be expected to be considerably augmented by the position of affairs in India and China, the Minister declared that he would not consent to resort to the miserable expedient of continual loans. He declared that he would not attempt to impose burdens upon the labouring classes, and that if he did, recent experience had shown that they would be defeated. In fact, the country had arrived at the limits of taxation upon articles of consumption. After ridiculing the various suggestions of people who were constantly sending him projects for taxes on pianofortes, umbrellas, and other articles, accompanied with claims of very large percentages upon the proceeds, he acknowledged the principle laid down by financiers that increased revenue may be obtained by taking off the taxes which pressed upon industry, but declared that the first effect was always a diminution in revenue, and that time was found necessary to restore the amount. In these circumstances, he stated what the measure was which, under a deep conviction of its necessity, he was prepared to propose, and which, he was persuaded, would benefit the country, not only in her pecuniary interests, but in her security and character. His scheme was this: he proposed, for a period to be limited, an income tax of not more than 3 per cent., from which he would exempt all incomes under 150, and in which he would include not only landed but funded property. Sir Robert Peel calculated that the tax would yield 3,350,000 a year, a sum which, with an addition to the spirit duties in Ireland, and an export duty of 4s. on coals, would not only cover the existing deficiency, but enable him to remit indirect taxes to the amount of 1,200,000. The sliding scale had brought little credit to the Minister, and the income tax was in its nature an unpopular measure; but the proposal to reduce the custom duties on 750 out of the 1,200 articles in the tariffto remove prohibitions altogether (in itself a vast concession to Free Trade doctrines)to reduce the duties on raw materials of manufactures to five per cent. or lessto keep the duties on articles partially manufactured under twelve per cent., and on articles wholly manufactured under twenty per cent., was a scheme which excited general admiration. The measure was, indeed, contested by the Whig Opposition at every stage. The preliminary resolutions were debated for eight nights. There were many of Sir Robert Peel's old supporters who looked on the financial plan with distrust, as being founded, in a great measure, avowedly on those principles of political economy which they had been accustomed to sneer at; but, in truth, it was not unfavourable to the interests of their party. We have already seen that the new taxat least, if a temporary onewas calculated to impose a far greater burden upon the manufacturing and moneyed class than upon the landowners; in fact, by exempting incomes under 150 a year, and assessing land only upon its net rental, the burden was imposed almost entirely upon that middle class which was the especial object of the dislike of Tories of the more advanced kind. At the same time, by cheapening articles of general consumption, the Minister did something towards securing popularity among the working classes, who, as exemplified in the Chartist agitation, were not always disposed to take part against the landowners. The Income Tax Bill passed, after considerable opposition in the Commons. An amendment proposed by Lord John Russell was rejected by a vote of 302 to 202, and another amendment, proposing the reading of the Bill on that day six months, having been thrown out on the 18th of April by a vote of 285 to 188, the third reading was carried by a majority of 130 on the 30th of May. No debate took place in the Lords until the third reading, when the Bill passed by a majority of 71.[138]
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