FORE:Misery and privation in large masses of people naturally engender disaffection, and predispose to rebellion; and this was the state of things in Ireland at the beginning of the memorable year of 1848. O'Connell had passed away from the scene. On the 28th of January, 1847, he left Ireland, never to return. He went to London for the purpose of attending his Parliamentary duties, but shortly after his arrival there he went for benefit of his health to Hastings. But a still greater change of scene and climate was found necessary, and he embarked for France, and proceeding to Paris, he was received with great consideration by the Marquis of Normanby, and other distinguished persons. In reply to a complimentary address from the electoral committee, of which Montalembert was chairman, O'Connell said, "Sickness and emotion close my mouth. I would require the eloquence of your president to express to you all my gratitude. But it is impossible for me to say what I feel. Know, simply, that I regard this demonstration on your part as one of the most significant events of my life." He went from Paris to Lyons, where he[562] became much weaker. In all the French churches prayers were offered on behalf of "Le clbre Irlandais, et le grand librateur d'Irlande." At Marseilles he became rather better; but at Genoa death arrested his progress. He expired on the 15th of May (1847), apparently suffering little pain. He was on his way to Rome, intending to pay his homage in person to Pius IX., but finding this impossible, he ordered that his heart might be sent to Rome, and his body to Ireland. It has been remarked that O'Connell was the victim of the Irish famine, and that its progress might have been learnt from the study of his face. The buoyancy had gone out of his step; he had become a stooping and a broken-down man, shuffling along with difficulty, his features betraying despondency and misery. His memory was respected by Englishmen, because of the devotion of his life to the service of his country. Born of a conquered race and a persecuted religion, conscious of great energies and great talents, he resolved to make every Irishman the equal of every Englishman. After the labours of a quarter of a century he obtained Catholic Emancipation.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 thingthe 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.
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