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THREE:But though the abandonment, for the present, of this enterprise, so fondly cherished by France, was calculated to cast a damp on the country, Buonaparte had another project ready which flattered the French pride of conquest. This was to seize on Egypt, as the preliminary to the fall of Britain. He had for some time entertained this idea, and had written from Italy to the Directory on the subject in the previous September. To insure the real destruction of England, he said, they must make themselves masters of Egypt. Malta and Corfu must be seized first, and for this purpose he conceived eight or ten sail of the line and twenty-five thousand men would suffice. The possession of Egypt, he contended, would draw all the commerce of the East thither, instead of taking the circuitous route by the Cape of Good Hope. He had thoroughly inspired Talleyrand with his scheme. Egypt was imagined to be much more wealthy than it was, and there were monuments of ancient art for Buonaparte and his right-hand bandit, Monge, to lay hands on. The Directory, which was extremely unpopular, uneasy at the presence of so popular and daring a person, were glad to be rid of him anywhere, the farther off the better. There were not wanting counsellors who already advised him to perpetrate a coup d'��tat, and place himself at the head of affairs; but Buonaparte, not at all averse from the prospect, replied, "The pear is not ripe." He knew that, however popular with his own army, he was looked on with jealousy by the army of the Rhine, which served under, and prided themselves in, Moreau. He knew that the middle classes hated him for sweeping them away with grape-shot in the affair of the Sections. He hoped to make[465] himself yet more popular and more necessary, and that in the meantime the Directory would have completed their full measure of odium. He now therefore plunged into arrangements for this grand conquest of the East.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.