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.
FORE:Our next great move was against the French in the Carnatic. After various actions between the French and English in India during the Seven Years' War, General Count de Lally, an officer of Irish extraction, arrived at Pondicherry in April, 1758, with a force of one thousand two hundred men. Lally attacked and took Fort St. David, considered the strongest fort belonging to the East India Company, and then, mustering all his forces, made his appearance, in December of that year, before Madras. He had with him two thousand seven hundred French and four thousand natives, whilst the English had in the town four thousand troops only, of which more than half were sepoys. But Captain Caillaud had marched with a small force from Trichinopoly, which harassed the rear of the French. After making himself master of the Black Town, and threatening to burn it down, he found it impossible to compel Fort St. George to surrender, and, after a[178] severe siege of two months, on the appearance of Admiral Pococke's squadron, which had sailed to Bombay for more troops, he decamped in the night of the 16th of February, 1759, for Arcot, leaving behind him all his ammunition and artillery, fifty-two pieces. Fresh combats took place between Pococke and D'Ach at sea, and the forces on land. Colonel Brereton attempted to take Wandewash, but failed; and it remained for Colonel Eyre Coote to defeat Lally. Coote arrived at Madras on the 27th of October, and, under his direction, Brereton succeeded in taking Wandewash on the last of November. To recover this place, Lally marched with all his force, supported by Bussy, but sustained a signal defeat on the 22nd of January, 1760. Arcot, Trincomalee, and other places fell rapidly into the hands of Colonel Coote. The French called in to their aid the Nabob of Mysore, Hyder Ali, but to little purpose. Pondicherry was invested on the 8th of December, and, on the 16th of January, 1761, it surrendered, Lally and his troops, amounting to two thousand, remaining prisoners. This was the termination of the real power of France in India; for though Pondicherry was restored by the treaty of 1763, the French never again recovered their ground there, and their East India Company soon after was broken up. The unfortunate Lally on his return to France was thrown into the Bastille, condemned for high treason, and beheaded in the Place de Grve on the 9th of May, 1766.
FORE:In the East Indies, immediately afterwards, another severe blow was inflicted on Spain. An expedition sailed from Madras, and Admiral Cornish conveyed in a small fleet a body of men amounting to two thousand three hundred, and consisting of one regiment of the line, in addition to marines and sepoys. Colonel William Draper, afterwards so well known for his spirited contest with the still undiscovered author of "Junius's Letters," was the commander. They landed near Manila, the capital of the Philippine Islands, on the 24th of September, the Spanish garrison there being taken completely by surprise. The whole of the Philippines submitted without further resistance; and Draper, besides being made a knight of the Bath, was, with the naval commanders, thanked by Parliament, as well they might be.
FORE:Catherine of Russia, thus rid of the only two monarchs who were likely to trouble her with scruples, hastened her grand design of absorbing Poland. She professed to be much scandalised and alarmed at the proceedings of the king, who had attended a dinner given by the municipality of Warsaw on the anniversary of the passing of their new Constitution, at which he had not only responded to the toast of his health by drinking to the nation and the municipality, thus sanctioning them as great powers, as the French had done, but had sat complacently amid the loud cries of "Long live Liberty! Long live the nation, and our citizen king, the friend of the Rights of Man!" The Poles had certainly become enthusiastic imitators of the French; they had[397] established clubs in imitation of the clubs of Paris, had sent a deputation to congratulate the French on their Revolution, and had passed various decrees of a Jacobin character. Neither did she lack a sanction from the Poles themselves. There had always been violent parties in that kingdom; and at this time a number of nobles, who opposed the new Constitution, sent a deputation with a memorial to the Empress, at St. Petersburg, inviting her to assist them in restoring the old Constitution. Catherine gave them a ready promise, and, on the 14th of May, Felix Potocki, Branicki, Rzewinski, and eleven other nobles, met at Targowica, and entered into a confederacy for this purpose. This confederacy was followed, only four days after its signing, by a protest issued by Bulgakoff, the Russian Minister, at Warsaw, against the whole of the new institutions and decrees. On the 18th of May, the same day that this proclamation was issued at Warsaw, a hundred thousand Russian troops marched over the Polish frontiers, attended by some of the pro-Russian confederates, and assumed the appearance of an army of occupation.But he was not to be changed. "I'll take lemon soda," he said to the tender, with an amiability that the cow-boy made the mistake of taking for indecision.
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THREE:Already the drone of the amphibian came from the shore side of the field, and in a low, quick swing, followed by a zooming departure, Jeff and Mr. Whiteside passed overhead.
