FORE:Mr. Vansittart introduced some financial measures which effected a material saving. He proposed a plan for reducing the interest of the Navy Five per Cents. to four per cent. Holders not signifying their dissent were to have one hundred and five pounds in a New Four per Cent. stock, and persons dissenting were to be paid off in numerical order. By this scheme an annual saving to the public of one million one hundred and forty thousand pounds would be effected; besides a further saving of upwards of ninety thousand pounds of annual charge, which would be gained by similar reduction of the Irish Five per Cents. The high prices of the public funds obviated all difficulty in the execution of this financial operation, and the holders of the Five per Cent. stock found it expedient to acquiesce in the Minister's terms. The dissentients were in number only one thousand seven hundred and seventy-eight, and the stock held by them amounted to two million six hundred and fifteen thousand nine hundred and seventy-eight pounds, not a fifteenth part of the Five per Cent. capital. Another operation related to what was called "The Dead Weight Annuity." The amount of military and naval pensions and civil supernumeraries was about five millions annually. Accordingly Mr. Vansittart brought forward an amended scheme for relieving the immediate pressure of this dead weight by extending it over a longer term of years than the natural lives of the annuitants. For this purpose an annuity of two million eight hundred thousand pounds was appropriated out of the existing revenue for forty-five years, invested in trustees for the discharge of the then payments, which for that year were estimated at four million nine hundred thousand pounds, subject to a yearly diminution by deaths. It was computed that, according to the ordinary duration of human life, the annuities for the lives of the then holders would be equal to the annuity of two million eight hundred thousand pounds for forty-five years. The trustees were therefore empowered to sell from time to time such portions of this annuity as would provide the funds required for the payment of the dead weight, according to a computation made of the amount which would probably be due in each year. The Bank of England became the contractor for a portion of the annuity. There was no novelty of principle in the project; it was only the old one of anticipating distant resources by throwing the burden of the existing generation on the next. It had the further disadvantage of incurring a useless expense for management; whereas the Sinking Fund, amounting at the time to about five millions, might have been applied to existing exigencies, and a real saving effected.
Cras consequat iaculis lorem, id vehicula erat mattis quis. Vivamus laoreet velit justo, in ven e natis purus.
FORE:
Cras consequat iaculis lorem, id vehicula erat mattis quis. Vivamus laoreet velit justo, in ven e natis purus.
FORE:
Cras consequat iaculis lorem, id vehicula erat mattis quis. Vivamus laoreet velit justo, in ven e natis purus.
FORE:
Cras consequat iaculis lorem, id vehicula erat mattis quis. Vivamus laoreet velit justo, in ven e natis purus.
FORE:Sir Hercules Langrishe " " 45,000
FORE:At the Church of St. Anne, Shandon, under a kind of shed attached to a guard-house, lay huddled up in their filthy fetid rags about forty human creaturesmen, women, children, and infants of the tenderest agestarving and fever-stricken, most of them in a dying state, some dead, and all gaunt, yellow, hideous from the combined effects of famine and disease. Under this open shed they had remained during the night, and until that hourabout ten in the morningwhen the funeral procession was passing by, and their indescribable misery was beheld by the leading citizens of Cork, including the mayor, and several members of the board of guardians. The odour which proceeded from that huddled-up heap of human beings was of itself enough to generate a plague.The sum of twenty millions was divided into nineteen shares, one for each of the colonies, proportioned to the number of its registered slaves, taken in connection with the market price of slaves in that colony, on an average of eight years, ending with 1830. But no money was payable in any colony until it should have been declared by an Order in Council that satisfactory provision had been made by law in such colony for giving effect to the Emancipation Act. Two of them were so perverse as to decline for several years to qualify for the reception of the money; but others acted in a different spirit. Believing that the system of apprenticeship was impolitic, they declined to take advantage of it, and manumitted their slaves at once. Antigua was the first to adopt this wise course. Its slaves were all promptly emancipated, and their conduct fully justified the policy; for on Christmas Day, 1834, for the first time during thirty years, martial law was not proclaimed in that island. Thus, the effect of liberty was peace, quietness, and confidence. Bermuda followed this good example, as did also the smaller islands, and afterwards the large island of Barbadoes; and their emancipation was hailed by the negroes with religious services, followed by festive gatherings. Jamaica, and some other islands, endeavoured to thwart the operation of the new law, as far as possible, and took every advantage in making the apprentices miserable, and wreaking upon them their spite and malice. They met with harsher treatment than ever, being in many instances either savagely ill-used or inhumanly neglected. Considering their provocations, it was generally admitted that they behaved on the whole very well, enduring with patience and resignation the afflictions which they knew must come to an end in a few years. The total number of slaves converted into apprentices on the 1st of August, 1834, was 800,000. The apprenticeship did not last beyond the shorter time prescribed, and on the 1st of August, 1838, there was not a slave in existence under the British Crown, save only in the island of Mauritius, which was soon required by instructions from the Home Government to carry the Act into effect.
FORE:The memorable 17th of August arrived, and the curtain was raised on a new act in the great drama, on which the whole nation gazed with the deepest interest, and with feverish anxiety. The queen left her residence in St. James's Square, and proceeded to the House of Lords in her new state carriage, which the people were with difficulty dissuaded from unyoking, that they might draw it themselves. As she passed Carlton House, the crowd gave three cheers, and also at the Treasury. The soldiers on guard at the former place, and at the House of Lords, presented arms when she arrived. The queen's carriage was preceded by Alderman Wood's, and followed by one of her Majesty's travelling carriages, in which were the Hon. Keppel Craven and Sir William Gell, her chamberlains. The way from Charing Cross to Westminster Abbey was crowded, and all the windows of the houses on each side were filled with people, particularly with ladies. Such was the enthusiasm of the people, that the barrier erected at St. Margaret's Church was insufficient to keep them back, and the dense mass forced their way through, and reached Palace Yard shortly after the queen. Sir T. Tyrwhitt, as Gentleman Usher of the Black Rod, attended by the officers of the House, received the queen at the private entrance which had been prepared for her. She entered at the door near the throne, supported by Lord A. Hamilton, and attended by Lady A. Hamilton. She was dressed in white, but wore a black lace shawl. Her demeanour was in the highest degree dignified. On her entrance the peers all rose, and she was pleased to salute them in return.
FORE:The nobles rose in a body and quitted the Assembly; but Gustavus continued his speech to the three remaining Orders. He declared it necessary, for the salvation of the country, for him to assume almost despotic powers, and he called on the three Estates to support him in punishing the traitorous nobles, promising to secure the liberties of the country as soon as this was accomplished. Not only the three Orders, but the public at large zealously supported him. Stockholm was in a state of high excitement. Gustavus surrounded the houses of the chief nobility with his brave Dalecarlians; secured twenty-five of the principal nobles, including the Counts Brah, Fersen, Horne, and others, who were consigned to the castle. He had already arrested nine of the leaders of the insurrection in the army in Finland, and these officers were[353] now also confined in the castle; others had escaped and fled to their patroness in St. Petersburg. To intimidate the king, nearly all the officers of the army, the fleet, and the civil department threw up their commissions and appointments, believing that they should thus completely paralyse his proceedings. But Gustavus remained undaunted. He filled up the vacancies, as well as he could, from the other Orders of the State; he brought the nobles and officers to trial, and numbers of them were condemned to capital punishment, for treason and abandonment of their sworn duties. Some few examples were made; the rest, after a short confinement, were liberated, and they hastened to their estates in the country. But it was found there, as everywhere else, that rank confers no monopoly of talent. The three other Orders warmly supported Gustavus, and he remodelled the Diet, excluding from it almost all the most powerful nobles, and giving greater preponderance to the other three Orders. In return for this, these Orders sanctioned an act called the Act of Safety, which conferred on the king the same power which is attached to the British Crown, namely, that of making peace or war. They granted him liberal supplies, and he quickly raised an army of fifty thousand men. As he considered the reduction of the restless and lawless power of Russia was equally essential to Britain, Holland, and Prussia, as to Sweden, Gustavus called on them to second his efforts. But Pitt would do nothing more than guarantee the neutrality of Denmark; and even this guarantee he permitted to become nugatory, by allowing the Danish fleet to give protection to the Russian fleet in the Baltic. A second Russian squadron, commanded by Dessein, a French admiral, descended from Archangel, entered the Baltic, menaced Gothenburg, and by the aid of the Danish ships was enabled to join the other Russian fleet at Cronstadt.
FORE:The system of exclusive dealing thus recommended was a system of social corruption and social persecution, while the attempt to serve Ireland by the exclusive use of articles of Irish produce only showed Mr. O'Connell's ignorance of political economy. The system, however, was soon abandoned.
