A history of the Peninsular War, Vol. 6, September 1, 1812-August 5, 1813 : $b The siege of Burgos, the retreat from Burgos, the campaign of Vittoria, the battles of the PyreneesOman, Charles
History
A history of the Peninsular War, Vol. 6, September 1, 1812-August 5, 1813 : $b The siege of Burgos, the retreat from Burgos, the campaign of Vittoria, the battles of the Pyrenees
Oman, Charles
Peninsular War, 1807-1814
The Regency maintained that all the trouble came from the simple fact
that the war had placed upon the back of Portugal, a small country,
half of whose territory had been wasted by Soult and Masséna in 1809
and 1810, a much greater burden than could be borne. The armed forces
alone--some 50,000 regular troops, and often as many militia in the
garrisons--were so many hands taken away from agriculture, the only
staple industry of the land. Money was going out of the realm year by
year to purchase wheat, because the people could not produce enough to
maintain their existence. Prices had risen to heights that terrified
those who remembered pre-war days: the pay of the army was enormous
compared to the rates before 1808, and much of it was going, under
Marshal Beresford’s system, to the British officers who were now
holding a clear majority of all the senior ranks and commands. All
available money went to the army, and the civil administration was
starved. The Regency acknowledged the deplorable state of its finances,
but could only suggest remedies which had grave inconveniences. Another
British loan was asked for; but considering the heavy subsidy that
Portugal was receiving already, the British Government gave little
encouragement to such an idea[297]. The Portuguese minister in London
(the Conde de Funchal, one of the Sousas) suggested a large measure
of confiscation of Church and Crown lands--which could then be sold.
But this would involve a quarrel with the Church party in Portugal,
who had been loyal supporters of the British alliance, and probably
with the Prince Regent also, since he was drawing a private income
from the Braganza estates. It might also produce a general shock to
national credit, for it would deal a blow to the general stability of
society, and terrify all landholders. Moreover, it appeared doubtful if
purchasers of Church lands would present themselves: and Crown lands
were largely uncultivated and worthless tracts in the Alemtejo[298].
The measure was carried out, indeed, many years later, during the civil
wars of Miguel and Maria; but then it came as a consequence of a purely
domestic struggle, in which the Church party had taken the beaten side.
The circumstances of 1813 were entirely different. A third expedient
suggested was the establishment of a National Bank, after the model
of the Bank of England, which should take over the management of the
public debt and currency. But credit and guarantees must be at the back
of any such association, and unless the British Government were ready
to become the guarantor (which was impossible) it was hard to see what
new securities could be found.
Public-domain text, read in full here on John Shaqi.
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