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THREE:Some remarkable commercial reforms were introduced by Robinson and Huskisson in 1824. In the previous year the Chancellor of the Exchequer was able to boast of a very large surplus, and this year he had a surplus of ��1,050,000. Part of it was devoted to the repair and embellishment of Windsor Castle; ��40,000 were devoted towards the erection of rooms for the reception of the library of George III., which was presented to the British Museum by his successor, whose gift, however, was somewhat discounted by the fact that he was with difficulty dissuaded from selling the collection. With ��57,000 Government purchased Angerstein's collection of pictures, which became the nucleus of the National Gallery. But the main object of the Budget was not expenditure but economy. The Four per Cents. were redeemed or exchanged for Three-and-a-Half per Cent. Stock, and a death-blow was given to the old system of bounties by a reduction of that on the herring fishery and the immediate cessation of that on inferior kinds of linen, while that on the higher class of linen was annually decreased ten per cent. There was further a reduction of the duties on rum and coals, with the result, as Robinson prophesied, that lower prices considerably increased the consumption. His greatest innovations, however, concerned the wool and silk trades. In the former there prevailed a great conflict of interests. The agriculturists[241] wished for the prohibition of foreign wool; the manufacturers desired the retention of an export duty, together with free importation. The judicious Chancellor effected a compromise by which the duty on foreign wool was reduced from 6d. to 1d. per pound, while the exportation of English wool was sanctioned on a similar duty. The fear of a large exportation of English wool proved so groundless that by 1826 only 100,000 pounds in weight had been exported, while 40,000,000 pounds of foreign wool had been introduced.

FORE:The success of the Scottish courts in sentencing Reformers encouraged the Ministers to try the experiment in England; but there it did not succeed so well. First, one Eaton, a bookseller, of Bishopgate, was indicted for selling a seditious libel, called "Politics for the People; or, Hog's-wash." On the 2nd of April, Thomas Walker, a merchant of Manchester��was, with six others, indicted at the Lancaster assizes; but Eaton, in London, and these Manchester men, were acquitted. Rather irritated than discouraged by these failures, Pitt and Dundas made a swoop at the leaders of the Corresponding Society, and the Society for Constitutional Information in London; and, in the month of May, Horne Tooke, John Thelwall��a celebrated political lecturer��Thomas Hardy, Daniel Adams, and the Rev. Jeremiah Joyce��private secretary to the Earl of Stanhope, and tutor to his son, Lord Mahon��were arrested and committed to the Tower on a charge of high treason. No sooner was this done, than, on the 12th of May, Dundas announced to the House of Commons that, in consequence of the Government having been informed of seditious practices being carried on by the above-named societies, they had seized their papers, and he now demanded that a committee of secrecy should be appointed to examine these papers. This was agreed to; and on the 16th Pitt brought up the report of this committee, which was so absurd in its results that nothing but the most blind political desperation could have induced the Government to make it known. The committee found nothing amongst these papers but the reports of the societies since the year 1791, which had been annually published and made known to every one. Yet on this miserable evidence Pitt called for the suspension of the Habeas Corpus Act, and it was accordingly granted, Burke��who now seems to have grown quite politically mad by dwelling on the horrors of the French Revolution��believing it the only measure to insure the safety of the country. Windham and others asserted that the mere suspension of the Habeas Corpus Act was hardly[430] sufficient: there required yet more stringent measures. Similar language was held in the Lords, but did not pass without some severe comments from the Duke of Bedford, and the Lords Stanhope, Lauderdale, and Albemarle, who declared that Ministers, instead of suppressing, were creating a veritable reign of terror. The Bill was, notwithstanding, readily passed; and on the 13th of June an Address was carried to his Majesty, expressing the determination of their lordships to punish the men who had been concerned in the so-called conspiracy. Fox and Lambton condemned this course energetically in the Commons, declaring that, if there were any conspiracy, the ordinary laws and tribunals were amply sufficient for their punishment. Fox moved that all that part of the Address which expressed a conviction of the existence of a conspiracy should be struck out, but it was carried entire; and such was the alarm of the country at the reverses of the Allies on the Continent and the successes of France, that far more violent measures would have been readily assented to. FORE:FROM THE PAINTING BY MARCUS STONE, A.R.A., IN THE CORPORATION OF LONDON ART GALLERY, GUILDHALL.