ONE:The Budget was brought forward on the 13th of February. It proposed to continue the income tax, which experience had shown to afford a means of supplying the place of taxes repealed, until such time as the revenue should recover itself. The Minister then unfolded his scheme, which formed no unworthy complement to his great Budget of 1842. It proposed a reduction in the sugar duties, which could not be calculated at less than 1,300,000, and was expected to lower the price to the consumer by about 1-1/4d. a pound. The Minister then proceeded to refer to a list of articles, 430 in number, which yielded but trifling amounts of revenue, and many of which were raw materials used in the various manufactures of the country, including silk, hemp, flax, and yarn or thread (except worsted yarn), all woods used in cabinet-making, animal and vegetable oils, iron and zinc in the first stages, ores and minerals (except copper ore, to which the last Act was still to apply), dye stuffs of all kinds, and all drugs, with very few exceptions; on the whole of these articles he proposed to repeal the duties altogether, not even leaving a nominal rate for registration, but retaining the power of examination. The timber duties generally he proposed to continue as they were, with the one exception of staves, which, as the raw material of the extensive manufacture of casks, he proposed to include with the 430 articles, and to take off the duty altogether. On these articles the loss amounted to 320,000. The next and most important relief in the whole proposition was the article of cotton wool, on which the Minister proposed also to reduce the duty altogether, and on which he estimated the loss at 680,000; and these constituted the whole of the proposed reductions of the import dutiesthat is, sugar, cotton wool, and the numerous small articles in the tariff. The next items of reduction proposed were the few remaining duties on our exports, such as china-stone, and other trifling things, but including the most important article of coals, on which the duty had been placed by the Government, and at the result of which Sir Robert Peel candidly avowed his disappointment. The duties he estimated at 118,000. He then passed on to the excise duties, among which he had selected two items of great importance for entire repealthe auction duty and the glass duties. By a repeal of the auction duty he estimated a loss of 300,000; but as he proposed, at the same time, to increase the auctioneer's licence uniformly from 5 to 15 (making one licence answer for all purposes, whereas, at that time, several licences were often necessary to the same party) he expected from 4,000 auctioneers an increased income, so as to reduce this loss to 250,000. On the important article of glass he gave up 642,000. These constituted the whole of his proposals; and the surplus of 2,409,000 was thus proposed to be disposed of:Estimated loss on sugar, 1,300,000; duty on cotton repealed, 680,000; ditto on 430 articles in tariff, 320,000; export duty on coal, 118,000; auction duty, 250,000; glass, 642,000. Total, 3,310,000.
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THREE:The chiefs of the Tory party were at this time sanguine in their expectation of being speedily called to office. Their hopes were founded mainly upon the dissensions that were known to exist in the Cabinet. These dissensions were first revealed by O'Connell's motion for a committee to inquire into the conduct of Baron Smith, when presiding as a judge in criminal cases, and especially with reference to a charge addressed by him to the grand jury of Dublin, in which he said: "For the last two years I have seldom lost an opportunity for making some monitory observations from the Bench. When the critical and lawless situation of the country did not seem to be generally and fully understood, I sounded the tocsin and pointed out the ambuscade. Subsequent events deplorably proved that I had given no false alarm. The audacity of factious leaders increased from the seeming impunity which was allowed them; the progress of that sedition which they encouraged augmented in the same proportion, till on this state of things came, at length, the Coercion Bill at once to arrest the mischief, and consummate the proof of its existence and extent." As there was no doubt that these shafts were aimed at O'Connell, this last charge afforded him a fair opportunity of putting a stop to the abuse by bringing the conduct of the talented but eccentric judge before Parliament; for, as there was no political case in the calendar, there was no excuse for the attack. Mr. Littleton declared it impossible to refuse his consent to the motion. Mr. Stanley, Lord Althorp, and Lord John Russell expressed a similar view. Sir James Graham briefly but warmly dissented from his colleagues. He had come down to the House with the understanding that they meant to oppose the motion. He for one still retained his opinion, and had seen no reason to change it. As one who valued the independence of the judges and his own character, he must declare that if the motion were carried, and if, as its result, an Address was presented to the Crown for the removal of Baron Smith, it would be a highly inexpedientnay, more, a most unjust proceeding. The present would be the most painful vote he had ever given, since he felt it incumbent upon him to sever himself from those friends with whom during a public life of some duration he had had the honour of acting; but feeling as he did the proposition to be one dangerous in itself, he conceived he would be betraying the trust committed to him if he did not declare against it. Baron Smith was ably defended by Mr. Shaw, by Sir J. Scarlett, and Sir Robert Peel. On a division, the motion for a committee of inquiry was carried by 167 to 74, Sir James Graham and Mr. Spring-Rice voting in the minority. Next morning Sir James tendered his resignation as First Lord of the Admiralty, which was declined, and in the following week the vote was rescinded by a majority of six.
THREE:Before passing to the momentous history of the Irish famine we must notice some isolated facts connected with the Peel Administration, which our connected view of the triumph of Free Trade has prevented our mentioning under their proper dates. Among the many measures of the time which were fiercely discussed, the most complicated were the Bank Charter Act of 1844, and the Act dealing with the Irish and Scottish Banks of 1845, whereby the Premier placed the whole banking system of the kingdom upon an entirely new basis, in particular by the separation of the issue and banking business of the Bank of England, and by the determination of the issues by the amount of bullion in reserve. Under the Act the Bank was at liberty to issue 14,000,000 of notes on the security of Exchequer Bills and the debt due to it from the Government, but all issues above this amount were to be based on bullion. Still hotter were the passions roused by the Maynooth Bill, by which 30,000 were devoted to the improvement of the college founded at Maynooth for the education of Roman Catholic priests. The language used during the debates by the Protestant party has few parallels in the history of the British Parliament, and Sir Robert Peel's difficulties were increased by the resignation of Mr. Gladstone, who found his present support of the Bill incompatible with the opinions expressed in his famous essay on Church and State. Lord Aberdeen's foreign policy was completely the reverse of the bold, if hazardous, line adopted by Lord Palmerston. We have seen how the Ashburton mission composed the critical questions at issue with the United States, and in similar fashion a dispute about the Oregon boundary, which had been pending for thirty years, was terminated on sound principles of give-and-take by fixing the line at the 49th parallel, while Vancouver Island was reserved for Britain, and the commerce of the Columbia was made free. With France our relations were of the most pacific character; so close, indeed, was the entente cordiale that it was a commonplace of Tory oratory that M. Guizot was Foreign Minister of England. This was certainly not the case; on the contrary, when the Society Islands, over which Pomare was queen, were forcibly annexed by a roving French admiral, Lord Aberdeen behaved with very proper spirit, and obtained an indemnity for the missionary Pritchard, who had been forcibly placed under arrest. In other respects the friendship of Great Britain with France continued unimpaired, and there was an interchange of visits between the Queen and King Louis Philippe. It was a sign of a harmony of views between the two nations. Unfortunately, owing to a variety of causes, it was not to be of long continuance.
THREE:From the Picture by DANIEL MACLISE R.A., in the Walker Art Gallery.[557]
