TWO:Though the Duke of Wellington defended him-self against the persevering attacks of the financial reformers, he was busy making retrenchments in every department of the Public Service. So effectually did he employ the pruning-hook, that although the income of the previous year had fallen short of the estimate of the Chancellor of the Exchequer by 560,000, he was able to present to the House this year a surplus of 3,400,000 available for the reduction of taxation, still leaving an excess of income over expenditure of 2,667,000 applicable to the reduction of debt. There was, consequently, a large remission of taxation, the principal item of which was the beer duty, estimated[310] at 3,000,000. At the same time, in order to enable the Chancellor of the Exchequer to meet these reductions, an addition of one shilling a gallon was made to the duty on English spirits and of twopence on Irish and Scottish spirits. This Budget helped to clear the political atmosphere and brought a brief gleam of popularity to the Government. The Duke got full credit for an earnest desire to economise, and it was acknowledged by the Liberal party that he had given the most important financial relief that the nation had experienced since the establishment of peace. Notwithstanding, however, the general satisfaction, and the loud popular applause, the pressure of distress was not sensibly alleviated. The burden indeed was somewhat lightened, but what the nation wanted was greater strength to bear financial burdens, a revival of its industrial energies, and facilities for putting them forth with profit to themselves and to the country. Remissions of taxation were but the weight of a feather, compared to the losses sustained by the action of the currency. For while the reductions only relieved the nation to the extent of three or four millions, it was estimated that the monetary laws, by cutting off at least fifty per cent. from the remuneration of all branches of industry, commercial and agricultural, had reduced the incomes of the industrial classes to the extent of a hundred and fifty millions yearly.In the midst of this prosperous career the two brothers-in-law, the Ministers, began to differ in their views, and Lord Townshend was soon driven by the overbearing conduct of Walpole to resign. Lady Townshend, the sister of Walpole, and even Queen Caroline, exerted their influence for some time to put an end to these feuds; but Lady Townshend soon died, and the queen, finding the breach inevitable, took the side of Walpole as the more indispensable servant of the Crown. There were serious topics on which Townshend and Walpole differed, both domestic and foreign. Townshend did not approve of the length to which matters were carried against the Emperor, and he was weary of the timid temper of the Duke of Newcastle, and strongly urged his dismissal, and the employment of Lord Chesterfield in his place; but a Pension Bill brought the quarrel to a crisis. The object of the Bill, which was warmly supported by the Opposition, was to prevent any man holding a pension, or who had any office held in trust for him, from sitting in Parliament. The king privately styled it "a villainous Bill, which ought to be torn to pieces in every particular." Both Walpole and Townshend were of the same opinion; but Townshend was for openly opposing it, Walpole for letting it pass the Commons, and be thrown out in the Lords. Townshend, to whom the odium of rejecting it was thus carried in the Lords, protested against this disingenuous conduct on the part of Walpole, and assured him that the trick would soon be fully observed, and bring more unpopularity on him in the end than a manly, open oppositionwhich it did.
Donec id elit non mi porta gravida at eget metus. Fusce dapibus, tellus ac cursus commodo, tortor
mauris
condimentum nibh, ut fermentum massa justo sit amet.
