This app gives you all the unique moments of exploring - game before
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This app gives you all the unique moments of exploring - game before
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This app gives you all the unique moments of exploring - game before
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This app gives you all the unique moments of exploring - game before
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This app gives you all the unique moments of exploring - game before
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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.[See larger version]Meanwhile, the first municipal election under the Manchester Charter of Incorporation had been held, at which Mr. Cobden, and a number of other gentlemen professing Free Trade views, had been chosen aldermen, not without formidable opposition. At a meeting held at Leeds, and attended by seven or eight thousand persons, the Chartists, under Mr. Feargus O'Connor, resisted the resolutions of the Free Traders, on the ground that the movement was one only intended to give the manufacturers power to lower the wages of their workmena mistaken doctrine, but one not altogether without support in the writings of the Free Trade party, some of whom, with the common propensity of zealous advocates for adopting doubtful arguments as well as good ones in support of their objects, had put forth the statement that the British manufacturer required cheap food in order to get cheap labour, and thus to compete the better with foreign producers. The opposition of the Chartists created great confusion at almost every meeting held under the auspices of the Manchester Association. Bread, however, continued to rise, and the task of the Association in rousing the country became easier.Lord Rawdon again attempted to mitigate the condition of debtors imprisoned by their creditors, but did not succeed; and after Dundas had drawn a very flattering picture of the condition of India in presenting his annual statement of Indian finance, and had procured some regulations for insuring the payment of seamen's wages to themselves or their families, the king prorogued Parliament on the 15th of June, still congratulating the country on the prospect of peace and of reducing substantially the National Debt.
