our process
TWO: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.Bernadotte took his time, and went. It was in[39] March. At Abo, in a solitary hut, he and Alexander met, and there the final ruin of Napoleon was sketched out by a master's handthat of his old companion in arms. Bernadotte knew all the strength and weakness of Napoleon; he had long watched the causes which would ultimately break up the wonderful career of his victories. He listened to the fears of Alexander, and bade him dismiss them. He told him that it was the timidity of his opponents which had given to Napoleon the victories of Austerlitz and Wagram; that, as regarded the present war, nothing could equal his infatuated blindness; that, treating the wishes of Poland with contempt, neglecting the palpably necessary measures of securing his flanks by the alliance of Turkey and Sweden, east and west, he was only rushing on suicide in the vast deserts five hundred miles from his frontiers; that all that was necessary on the part of Russia was to commence a war of devastation; to destroy all his resources, in the manner of the ancient Scythians and Parthians; to pursue him everywhere with a war of fanaticism and desolation; to admit of no peace till he was driven to the left bank of the Rhine, where the oppressed and vengeful nationalities would arise and annihilate him; that Napoleon, so brilliant and bold in attack, would show himself incapable of conducting a retreat of eight hoursa retreat would be the certain signal of his ruin. If he approached St. Petersburg, he engaged for himself to make a descent on France with fifty thousand men, and to call on both the Republican and constitutional parties to arise and liberate their country from the tyrant. Meanwhile, they must close the passage of the Beresina against him, when they would inevitably secure his person. They must then proclaim everywhere his death, and his whole dynasty would go to pieces with far greater rapidity than it grew.
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THREE:FROM THE PICTURE BY W. F. YEAMES, R.A.
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THREE:The approaching coronation of the Queen became, as the season advanced, the prevailing topic of conversation in all circles. The feeling excited by it was so strong, so deep, and so widespread, that a Radical journal pronounced the people to be "coronation mad." The enthusiasm was not confined to the United Kingdom. The contagion was carried to the Continent, and foreigners of various ranks, from all nations, flocked into the metropolis to behold the inauguration of the maiden monarch of the British Empire. There were, however, some dissentients, whose objections disturbed the current of public feeling. As soon as it was understood that, on the score of economy, the time-honoured custom of having the coronation banquet in Westminster Hall would not be observed, the Marquis of Londonderry and others zealously exerted themselves to avert the innovation, but their efforts were fruitless. The coronation took place on the 28th of June. The only novel feature of importance consisted in the substitution of a procession through the streets for a banquet in Westminster Hall. It was certainly an improvement, for it afforded the people an opportunity of enjoying the ceremony. Persons of all ages, ranks, and conditions, embodied visibly in one animated and exalted whole, exultant and joyful, came forth to greet the youthful Sovereign. All the houses in the line of march poured forth their occupants to the windows and balconies. The behaviour of the enormous multitude which lined the streets, and afterwards spread over the metropolis, was admirable. The utmost eagerness was shown to furnish all the accommodation for spectators that the space would allow, and there was scarcely a house or a vacant spot along the whole line, from Hyde Park Corner to the Abbey, that was not occupied with galleries or scaffolding. At dawn the population were astir, roused by a salvo of artillery from the Tower, and towards six o'clock chains of vehicles, of all sorts and sizes, stretched along the leading thoroughfares; while streams of pedestrians, in holiday attire, poured in continuously, so that the suburbs seemed to empty themselves of all their inhabitants at once. At ten o'clock the head of the procession moved from the palace. When the Queen stepped into the State coach a salute was fired from the guns ranged in the enclosure, the bands struck up the National Anthem, a new royal standard was hoisted on the Marble Arch, and the multitude broke forth in loud and hearty cheers. The foreign ambassadors extraordinary looked superb in their new carriages and splendid uniforms. Among them shone conspicuous the state coach of Marshal Soult, and the old hero was received with vast enthusiasm by the populace.
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THREE:In architecture the first place is due to the patriarch of the science, Sir John Soane, who was[434] employed in erecting or improving numerous public edifices in the metropolis and elsewhere. The atrocious law-courts, which he added to Westminster Hall, were happily removed in 1883. In 1826 he built the Freemasons' Hall, in Great Queen Street, having been chosen grand superintendent of works to the fraternity of Freemasons some years before. In 1833 he completed the State Paper Office in St. James's Park. He was now in his eightieth year, and he retired from the active labours of the profession in which he had been engaged for sixty years, during forty-five of which he had been in the service of the Bank of England. At his death, which occurred on January 20th, 1837, his house and museum in Lincoln's Inn Fields became the property of the public.
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