n the
corn cause, if he is really so weak as to be driven from it by a
little pelting in pamphlets and speeches. To my taste his speech
read as much the best that was made on the former day. But I cannot
for the life of me see what good the four millions are to do; nor
can I understand, on the other side, Ricardo's fears of the harm
they are to do.
The Bank have acted with the same ignorance as has characterized
them throughout. If they do not lend their gold to Government, they
must lend it to individuals by lowering their discounts, and if
they incur loss by either operation, I do not see who but they will
suffer by it.
Ever most affectionately yours,
G.
I see by the subsequent accounts in the _Courier_, that Government
does plainly mean to apply the 5,000,000_l._ at simple, and not at
compound interest, and I do not see why one should be sorry for it.
But even so, I cannot work 200,000_l._ up to 500,000_l._ I suppose
the rest is to come, and much more I am confident will come, from
casual saving and increased revenue in each successive year.
If I cared a farthing about my predictions, otherwise than as the
facts are of public benefit, I should have great cause to be proud
of all I have said from the first day of peace, as to the necessary
rise of our revenue to follow from it, and that while all the world
was croaking all round me on that subject.
The threatened attack did not come off for some time; nevertheless a
fair amount of political skirmishing took place in both Houses, and
every great question was a wager of battle in which the contending
parties exerted themselves to the utmost to overpower their adversaries.
Catholic Emancipation was expected to be a severe contest, but the
increasing disturbances in the sister kingdom caused the friends of
Ireland much anxiety, and rendered a coercive policy inevitable. At
this period the country gentlemen began to exhibit a diminution of
ministerial support, which created considerable embarrassment.
THE RIGHT HON. CHARLES W. WYNN TO THE DUKE OF BUCKINGHAM.
MY DEAR B----,
I yesterday met the Chancellor in Cabinet, who immediately came to
me, and expressed in the strongest manner the pain which he had
felt at seeing sentiments attributed to him by Fyshe Palmer, in his
speech at the Bedford meeting, which he never entertained, and
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