THREE:The commercial treaty with France, Pitt's greatest achievement as a financier, was not signed until the recessnamely, in September. It was conceived entirely in the spirit of Free Trade, and was an honest attempt to establish a perpetual alliance between the two nations. Its terms were:That it was to continue in force for twelve years; with some few exceptions prohibitory duties between the two countries were repealed; the wines of France were admitted at the same rate as those of Portugal; privateers belonging to any nation at war with one of the contracting parties might no longer equip themselves in the ports of the other; and complete religious and civil liberty was granted to the inhabitants of each country while residing in the other. One result of the treaty was the revival of the taste for light French wines which had prevailed before the wars of the Revolution, and a decline in the sale of the fiery wines of the Peninsula. But the treaty was bitterly attacked by the Opposition. Flood reproduced the absurd argument that wealth consists of money, and that trade can only be beneficial to the country which obtains the largest return in gold. Fox and Burke, with singular lack of foresight, declaimed against Pitt for making a treaty with France, "the natural political enemy of Great Britain," and denounced the perfidy with which the French had fostered the American revolt. In spite of the illiberality of these arguments, Pitt, with the acquiescence of the commercial classes, carried the treaty through Parliament by majorities of more than two to one.The effect of steam communication between Great Britain and Ireland was to increase very greatly the traffic of those countries. It has been stated that in order to save the salaries of one or two junior clerks, it was determined to cease keeping any official records of this traffic, with the exception of grain and flour. In the absence of such records we can only arrive at an approximation to the quantity and value of the exports and imports. It was, however, estimated by persons acquainted with the subject, that the quantity of agricultural produce imported into Liverpool alone in 1832 was worth four millions and a half sterling; and this produce consisted chiefly of live stockhorses, sheep, and pigswhich could not have been so profitably brought over by sailing vessels. The value of agricultural produce brought to the port of Bristol from Ireland in the same year was one million sterling. The total value of all sorts of live animals brought from Ireland to Liverpool in 1837 was 3,397,760. One of the most curious items in the traffic is the egg trade. In the course of the year 1832 no less than 100,000 was paid for Irish eggs in Liverpool and Bristol alone. Looking at the whole traffic between the two islands, we perceive that the amount of tonnage employed in 1849 was 250 per cent. more than it was in 1801. Up to 1826 the increase was not so rapid as subsequently, it being then only 62 per cent. on the whole period, showing an annual increase of 2-2/5 per cent., whereas for the quarter of a century that followed, the increase was 188 per cent., the annual increase being 8 per cent.
19 August 2015, John Doe
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THREE:His terms were rejected with disdain. Yet he had a last interview with Metternich, in which he hoped to terrify him by a dread of the future preponderance of Russia; but, seeing that it made no impression, he became incensed, and adopted a very insolent tone towards the Austrian Minister. "Well, Metternich," he demanded, "how much has England given you to induce you to play this part towards me?" Metternich received the insult in haughty silence. Buonaparte, to try how far the diplomatist still would preserve his deference towards him, let his hat fall: Metternich let it lie. This was a sign that the Austrian had taken his part; it was, in fact, the signal of war. Yet, at the last moment, Napoleon suddenly assumed a tone of conciliation, and offered very large concessions. He had heard the news of the defeat of Vittoria. But it was too late. The Congress terminated on the 10th of August, and the Allies refused to re-open it. On the 12th of August, two days after the termination of the armistice, Austria declared herself on the side of the Allies, and brought two hundred thousand men to swell their ranks. This redoubtable force was commanded by her general, Prince von Schwarzenberg.