FORE: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.
THREE:Landor recalled the twenty years of all winter campaigns, dry camps, forced marches, short rations, and long vigils and other annoyances that are not put down in the tactics, and smiled again, with a deep cynicism. Barnwell sat silent. He sympathized with Stone because his interests lay that way, but he was somewhat unfortunately placed between the military devil and the political deep sea.Trautmansdorff declared that, if necessary, forty thousand troops should be marched into the country; but this was an empty boast, for Joseph had so completely engaged his army against Turkey, that he could only send a thousand men into the Netherlands. On the contrary, the French Revolutionists offered the oppressed Netherlands speedy aid, and the Duke d'Aremberg, the Archbishop of Malines, and other nobles and dignitaries of the Church, met at Breda on the 14th of September, and proclaimed themselves the legitimate Assembly of the States of Brabant. They sent the plainest remonstrances to the Emperor, declaring that unless he immediately repealed his arbitrary edicts, and restored their Great Charter, they would assert their rights by the sword. In proof that these were no empty vaunts, the militia and volunteers again flew to arms. Scarcely a month had passed after the repeal of the Joyeuse Entre before a number of collisions had taken place between these citizen soldiers and the Imperial troops. In Tirlemont, Louvain, Antwerp, and Mons blood was shed. At Diest, the patriots, led on by the monks, drove out the troops and the magistrates. Dalton and Trautmansdorff, instead of fulfilling their menace, appeared paralysed.
TWO:St. Clair had marched with such celerity that he reached, before the next night, Castleton, thirty miles from Ticonderoga. But the rear division under Colonel Warner halted at Hubberton, six miles short of Castleton. Early next morning, General Fraser found them on a hill. No sooner did they descry him, than one of the regiments turned and fled, leaving most of their officers to be taken prisoners. But the other two regiments, commanded by Warner and Francis, stood their ground stoutly. Fraser had with him only about eight hundred men, and the Americans were from one thousand two hundred to one thousand five hundred strong. But Fraser advanced up the hill and attacked them briskly. The Americans were protected by a sort of breastwork formed of logs and trees, and they gave Fraser a smart reception. But, calculating on the approach of Reisedel and the Germans, he fought on; and Reisedel soon after marching up with a full band of music, the Americans imagined that the whole body of the Germans was there, and fled on to Castleton as fast as they could.Why didnt you tell me? her cousin demanded.
