DANIEL PRATT
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Choiseul made, undoubtedly, a large offer for peace. It was that each power should retain all such of its conquests as should be in its hands, subject to exchanges and equivalents, in Europe, on the 1st of May next; in America, the West Indies, and Africa, on the 1st of July; and in the East Indies on the 1st of September. But Pitt had declared that he would never make another peace of Utrecht. He considered that we had France down, and he determined to retain everything of value. He therefore replied that the proper period for the principle of the treaty to take place was that on which the treaty was really signed, that it might so happen that it would not be signed at the dates named, and he did this in order to complete a scheme, which he had already nearly accomplished, that of seizing on Belleisle, an island on the coast of France. It surrendered in July, and the news of this loss was speedily followed in Paris by that of the loss of Dominica in the West, and of Pondicherry in the East Indies.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.But General Lambert did not retire far without striking another blow. His predecessor had failed to take New Orleans, but he had brought away the troops in excellent order, and he passed over in Sir Alexander Cochrane's squadron and attacked and took the important forts of Mobile, at the confluence of the Mobile, Tombigbee, and Alabama riversthe territories around which have since grown into States. This was a basis for important operations on those shores; but they were rendered unnecessary by the peace.It was on this occasion that Mr. Disraeli, rising from the benches filled with the ordinary supporters of the Government, delivered one of those bitter and sarcastic diatribes which thenceforward proved so effective in arousing the revengeful feelings of those of the party who believed their interests to have been betrayed in deference to the League. "I remember," he said, "in 1841 the right hon. baronet used these words: he said, 'I have never joined in the anti-slavery cry, and now I will not join in the cry of cheap sugar.' Two years have elapsed, and the right hon. gentleman has joined in the anti-slavery cry, and has adopted the cry of cheap sugar. But," he continued, appealing to the rebellious supporters of the Government, whom the Minister had just defied, "it seems that the right hon. baronet's horror of slavery extends to every place except the benches behind him. There the gang is still assembled, and there the thong of the whip still resounds. The right hon. gentleman," he added, "came into power upon the strength of our votes, but he would rely for the permanence of his Ministry upon his political opponents. He may be righthe may even be to a certain degree successful in pursuing the line of conduct which he has adopted, menacing his friends, and cringing to his opponents; but I, for one, am disposed to look upon it as a success neither tending to the honour of the House nor to his own credit. I therefore must be excused if I declare my determination to give my vote upon this occasion as I did in the former instance; and as I do not follow the example of the hon. and gallant member near me (Sir H. Douglas), it will not subject me to the imputation of having voted on the former occasion without thought or purpose." The appeal of the Ministers, however, was, fortunately for the Free Trade movement, for a time successful. The Government were reinstated by a vote of 255 to 233, in a House in which both parties had evidently done their utmost.It was resolved to bring the matter before Parliament. Wilberforce gave notice of motion on the subject, but falling ill at Bath, Clarkson applied to Pitt and Mr. Grenville, and was strongly supported by Granville Sharp and the London committee. Pitt had not considered the subject till it was forced on his attention by the evidence before the Privy Council; but he had come to the conclusion that the trade was not only inhuman, but really injurious to the interests of the nation. He consented to introduce the question, and, on the 9th of May, gave notice that early in the next Session Parliament would take into consideration the allegations against the slave trade, made in upwards of a hundred petitions presented to it. He recommended this short delay in order that the inquiries before the Privy Council might be fully matured. But both Fox and Burkethe latter of whom had been thinking for eight years of taking up the questiondeclared that the delay would be as cruel as it was useless; that it did not become the House to wait to receive instructions from the Privy Council, as if it were dependent upon it, but that it ought to originate such inquiries itself. Sir William Dolben supported this view of immediate action, contending that at least a Bill should be brought in to restrain the cruelties of the sea-passage, which would otherwise sacrifice ten thousand lives, as hundreds of thousands had been sacrificed before. This was acceded to. Pitt's resolution was carried by a considerable majority; and Sir William Dolben, on the 21st of May, moved to bring in a Bill to regulate the transport of slaves. Sir William stated that there was no law to restrain the avarice and cruelty of the dealers, and that the mortality from the crowding of the slaves on board was frightful.
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