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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.Lord John Russell, who introduced the measure, Lord Althorp, Mr. Smith of Norwich, and Mr. Ferguson pleaded the cause of the Dissenters with unanswerable arguments. They showed that the Church was not now in danger; that there was no existing party bent on subverting the Constitution; that in the cases where the tests were not exacted during the last half century there was no instance of a Dissenter holding office who had abused his trust; that though the Test Act had been practically in abeyance during all that time, the Church had suffered no harm. Why, then, preserve an offensive and discreditable Act upon the Statute Book? Why keep up invidious distinctions when there was no pretence of necessity for retaining them? Why, without the shadow of proof, presume disaffection against any class of the community? Even the members of the Established Church of Scotland might be, by those tests and[266] penalties, debarred from serving their Sovereign unless they renounced their religion. A whole nation was thus proscribed upon the idle pretext that it was necessary to defend the church of another nation. It was asked, Did the Church of England aspire, like the Mussulmans of Turkey, to be exclusively charged with the defence of the empire? If so, let the Presbyterians and Dissenters withdraw, and it would be seen what sort of defence it would have. Take from the field of Waterloo the Scottish regiments; take away, too, the sons of Ireland: what then would have been the chance of victory? If they sought the aid of Scottish and Irish soldiers in the hour of peril, why deny them equal rights and privileges in times of peace? Besides, the Church could derive no real strength from exclusion and coercion, which only generated ill-will and a rankling feeling of injustice. The Established Church of Scotland had been safe without any Test and Corporation Acts. They had been abolished in Ireland half a century ago without any evil accruing to the Church in that country. It was contrary to the spirit of the age to keep up irritating yet inefficient and impracticable restrictions, which were a disgrace to the Statute Book. Donec sit amet ligula enim. Duis vel condimentum massa. Maecenas eget congue dui. Vestibulum et eros consectetur, interdum nibh et, volutpat dolor.