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FORE:On the 19th of June Paris was excited by the announcements of Buonaparte's bulletin that terrible defeats had been inflicted on the Prussians at Ligny, and on the British at Quatre Bras. A hundred cannon and thousands of prisoners were declared to be taken. The Imperialists were in ecstasies; the Royalists, in spite of the notorious falsehood of Buonaparte on such occasions, were dejected. On the 21st whispers were busily circulating that not only had a most dreadful pitched battle been fought, but that the fine French army which had so lately left France was utterly annihilated or dispersed. It was soon added that, instead of being at the head of victorious forces, as he had represented, Buonaparte had again fled from his army, and was in the Palace of the Elyse-Bourbon. And this last news was true. Napoleon had never stopped in his own flight till he reached Philippevill. There he proposed to proceed to Grouchy, and put himself at the head of his division; but he heard that that too was defeated, and he hurried on to Paris, fearful of the steps that the two legislative Chambers might take.At this juncture Sir Henry Pottinger succeeded Captain Elliot, with orders to bring the war to a satisfactory conclusion. His measures were prompt; Amoy fell on the 26th of August, Chusan, which had been abandoned, was recaptured in September, and the Chinese experienced further reverses in 1842. At length the Chinese saw that resistance was vain, and that they must come to terms, as the "barbarians" could not be exterminated. Full powers had been given to three Commissioners to negotiate a treaty of peace, which, after various conferences, was concluded on the 26th of August, 1842. It embraced the following stipulations:The payment by the Chinese of an indemnity of 4,375,000 in addition to the ransom of 1,250,000 already surrendered; the opening of the new ports of Canton, Amoy, Fou-chow-fou, Ning-po, and Shang-hai to British merchants, with permission to consular officers to reside there; the cession of the island of Hong Kong to the British in perpetuity; correspondence to be conducted on terms of perfect equality between the officers of both Governments; and the islands of Chusan and Ku-lang-su to be held by the British until the money payments were made, and arrangements for opening the ports were completed.
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FORE:On the 26th of March the Marquis of Chandos made an attempt to obtain some relief for the agricultural interest, which was then in a very depressed state, and the measure he proposed was the abolition of the malt tax, which brought in the sum of 4,812,000. Sir Robert Peel prophesied that if this tax were abolished they would be in for a property tax. He said: "My prophecy is, that if you repeal this tax you will make an income tax necessary; to that, be assured, you must come at last, if you repeal the malt tax. You will lay your taxes on articles of general consumptionon tobacco, on spirits, on wineand you will meet with such a storm that will make you hastily recede from your first advances towards a substitute. To a property tax, then, you must come; and I congratulate you, gentlemen of the landed interest, on finding yourselves relieved from the pressure of the malt tax, and[382] falling on a good, comfortable property tax, with a proposal, probably, for a graduated scale. And you who represent the heavy land of this country, the clay soilsthe soils unfit for barleyI felicitate you on the prospect that lies before you. If you think that the substitute will be advantageous to your interests, be it so; but do notwhen hereafter you discover your mistakedo not lay the blame upon those who offered you a timely warning, and cautioned you against exchanging the light pressure of a malt duty for the scourge of a property tax." The motion was rejected by a majority of 350 to 192.
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