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FORE:165

FORE:On the 21st of March a Committee which had been appointed early in the Session to inquire into the public income and expenditure, and to suggest what might in future be calculated on as the clear revenue, presented its report through Mr. Grenville, their chairman. On the 29th, Pitt, in a Committee of the whole House, entered upon the subject, and detailed the particulars of a plan to diminish progressively and steadily the further debt. It appeared from the report of the select Committee that there was, at present, a clear surplus revenue of nine hundred thousand pounds sterling, and that this surplus could, without any great additional burthen to the public, be made a million per annum. This he declared to be an unexpected state of financial vigour after so long and unfortunate a war. The plan which he proposed was to pay two hundred and fifty thousand pounds quarterly into the hands of Commissioners appointed for the purpose to purchase stock to that amount, which was under par, or to pay stock above par, and thus cancel so much debt. In addition to this, the annuities for lives, or for limited terms, would gradually cancel another portion. All dividends arising from such purchases were to be similarly applied. Pitt calculated that by this process, and by the compound interest on the savings to the revenue by it, in twenty-eight years no less than four millions sterling per annum of surplus revenue would be similarly applied, or employed for the exigencies of the State. By this halcyon process he contemplated the eventual extinction of that enormous debt, to pay the mere interest of which every nerve had been stretched, and every resource nearly exhausted. In a delightful state of self-gratulation, Pitt declared that he was happy to say that all this was readily accomplishable; that we had nothing to fear, except one thing��the possibility of any Minister in need violating this fund. Had the original Sinking Fund, he said, been kept sacred, we should have had now very little debt. To prevent the recurrence of this fatal facility of Ministers laying their hands on this Fund, he proposed to place it in the hands of Commissioners, and he declared that "no Minister could ever have the confidence to come down to that House and desire the repeal of so beneficial a law, which tended so directly to relieve the people from their burthens." He added that he felt that he had by this measure "raised a firm column, upon which he was proud to flatter himself that his name might be inscribed." He said not a word about the name of Dr. Price being inscribed there, to whom the whole merit of the scheme belonged; he never once mentioned his name at all. On his own part, Dr. Price complained not of this, but that he had submitted three schemes to Pitt, and that he had chosen the worst.

FORE:

FORE:A great raid of reform was made in the Opposition, and it fell first on the corruption of the boroughs, both in Scotland and England. The subject was brought on, as it were, incidentally. An Enclosure Bill, affecting some parts of the New Forest, Hampshire, was attacked, as a job intended to benefit Pitt's staunch supporter, George Rose, who had rapidly risen from an obscure origin to the post of Secretary to the Treasury. Rose had a house and small estate in the Forest, and there was a universal outcry, both in Parliament and in the public press, that, in addition to the many sinecures of the fortunate Rose, there was also a sop intended for him at the cost of the Crown lands. The reformers were successful in casting much blame on Ministers, and they followed it up by charging Rose with bribing one Thomas Smith, a publican in Westminster, to procure votes for the Ministerial candidate, Lord Hood. Though the motion for a committee of the House to inquire into the particulars of this case was defeated, yet the debates turned the attention of the country on the scandalous bribery going on in boroughs. The Scots, the countrymen of Rose, petitioned for an inquiry into the condition of their boroughs. Of the sixty-six boroughs, petitions for such inquiry came from fifty. They complained that the members and magistrates of those corporations were self-elected, and by these means the rights and property of the inhabitants were grievously invaded.

FORE:CHAPTER XVIII OUTWITTED!

FORE:Back of her, a score or more of miles away, were the iron-gray mountains; beyond those, others of blue; and still beyond, others of yet fainter blue, melting into the sky and the massed white clouds upon the horizon edge. But in front of her the flat stretched away and away, a waste of white-patched soil and glaring sand flecked with scrubs. The pungency of greasewood and sage[Pg 313] was thick in the air, which seemed to reverberate with heat. A crow was flying above in the blue; its shadow darted over the ground, now here, now far off.Jeff decided that Dick had the right idea.

FORE:

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