FORE:Whilst the American colonies were thus stimulated, by unwise taxation, into a temper which never again could be entirely allayed, the king was suddenly attacked with an illness, that startled himself and the kingdom from that security which his apparently robust constitution had inspired. He was said to labour under cough and fever; but it became pretty well understood, after a time, that it was something more[186] alarmingthat it was, in fact, an attack of that insanity which recurred again and again, and held him for years, during the latter part of his reign, in its fearful power. This time it was of short occurrence; and the moment it was past, George held a levee at St. James's, and appeared at it with a cheerful air, as if to dissipate all alarm. But the king himself immediately proposed a measure, which showed that it had excited grave thoughts in him. He submitted to Ministers the propriety of a provision for a regency, in case of any recurring malady which should incapacitate him for business. The matter was discussed in the Cabinet, and it was agreed that such a bill should be prepared, empowering the king to name, if deemed necessary, "either the queen, or any other person of the royal family usually residing in Great Britain."Before this great measure had passed, Pitt had introduced his Budget. On the 30th of June he made his financial statement. He said that the resources of the country were in a very burthened and disordered state; but that was not his work, but the work of his predecessors. The outstanding arrears, owing to the late war, were already ascertained to amount at least to fourteen million pounds. These operated very injuriously on the public credit, being at a discount of from fifteen to twenty per cent.; and that without greatly[308] affecting the public securities, he should not be able to find more than six million six hundred thousand six hundred pounds of them at once. To meet the interest, he proposed to raise taxes to the amount of nine hundred thousand pounds a year. The impostssome entirely new, and some augmentedwere on hats, ribbons, gauzes, coals, saddle and pleasure horses, printed linens and calicoes, candles, paper, and hackney coaches; licences to deal in excisable commodities, bricks, and tiles; licences for shooting game.
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