ONE:Before this great measure had passed, Pitt had introduced his Budget. On the 30th of June he made his financial statement. He said that the resources of the country were in a very burthened and disordered state; but that was not his work, but the work of his predecessors. The outstanding arrears, owing to the late war, were already ascertained to amount at least to fourteen million pounds. These operated very injuriously on the public credit, being at a discount of from fifteen to twenty per cent.; and that without greatly[308] affecting the public securities, he should not be able to find more than six million six hundred thousand six hundred pounds of them at once. To meet the interest, he proposed to raise taxes to the amount of nine hundred thousand pounds a year. The impostssome entirely new, and some augmentedwere on hats, ribbons, gauzes, coals, saddle and pleasure horses, printed linens and calicoes, candles, paper, and hackney coaches; licences to deal in excisable commodities, bricks, and tiles; licences for shooting game.
FORE:LORD CLIVE. (After the Portrait by Gainsborough.)
FORE:The year 1732 was distinguished by little of importance. The Opposition, led on by Pulteney, attacked the Treaty of Vienna, concluded on March 16th, 1731, by which the Pragmatic Sanction had been approved of, and which, they contended, might lead us into a Continental war some day, or into a breach of the public faith, of which, they asserted, this Ministry had perpetrated too many already. They assailed the standing army, but were answered that there was yet a Pretender, and many men capable of plotting and caballing against the Crown. The King was so incensed at Pulteney for his strictures on the army, that he struck his name out of the list of Privy Councillors, and ordered that all commissions of the peace which he held in different counties should be revoked. Amongst the staunchest supporters of the Government was Lord Hervey, a young man of ability who is now best remembered because, having offended Pope, he was, according to custom, pilloried by the contentious poet, as Sporus in the Epistle to Dr. Arbuthnot. Pope nicknamed him Lord Fanny, in derision of his dainty and effeminate manners. Hervey contended that the writers who attacked Government ought to be put down by force, and in his own person he attempted to put this in practice; for Pulteney being suspected by him of having written a scarifying article on him in The Craftsman, he challenged him, and both combatants were wounded. Plumer very justly contended that scribblers ought to be left to other scribblers.
