THREE:All this was little less than madness on the part of the royal family. They knew that the army at large was disaffected to royalty, and of what avail were two regiments? If they really sought to escape, it could only have been done by the utmost quiet and caution. The Flanders regiment could have guarded them. But now the certain consequence must be to rouse all the fury of Paris, and bring it down upon them. This was the instant result. Paris, in alarm, cried, "To Versailles!" On the night of the 4th of October the streets were thronged with excited people; the National Guard were under arms everywhere, and maintained some degree of order. On the morning of the 5th the women took up the matter. They found no bread at the bakers', and they collected in crowds, and determined to march to the H?tel de Ville, and demand it of the mayor. The women had refused to allow the men to join them, declaring that they were not fit for the work they were going to do; but numbers had followed them, better armed than themselves, and they now assisted them to break open doors, where they obtained seven or eight hundred muskets, three bags of money and two small cannon. As they were proceeding to make a bonfire of the papers, which would probably have burnt the whole place down, the commander of the National Guard gave up the matter in despair; but one Stanislas Maillard, a riding-messenger of the municipality, with more address, called out to them to desist; that there was a much better thing to doto march at once to Versailles, and compel the Court to furnish bread, and that he would be their leader. He seized a drum and beat it; the women cried lustily, "To Versailles!" Some ran to the tower of the H?tel and sounded the tocsin. The bells soon began to ring out from every steeple in Paris; the whole population was afloat; the men and women, armed with all sorts of weapons, followed their new leader, who had been one of the heroes of the[368] Bastille, and he marched them to the Champs Elyses. There he arranged his motley and ever-increasing army: the women in a compact body in the middle, the men in front and rear. Horses, waggons, carriages of all kinds, were seized on wherever they were seen; some of these were harnessed to the cannon, and then Maillard, drumming at their head, put his army in motion, and on they went towards Versailles, stopping every carriage that they met, and compelling even ladies to turn again and accompany them.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.
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