Ministers were aware of all this; and they knew also that, on the
first declaration of war with France or any foreign power, they would
at once raise a loan or issue exchequer bills to the extent of at
least £20,000,000 sterling. Here is an enemy worse than the French, or
the French and the Repealers united--want, fever, famine,
disaffection, despair, actually within our bosom, and consuming the
very vitals of the state! A word from the Chancellor of the Exchequer
would at once arrest the misery, dispel the sedition, restore bread to
millions, revive loyalty in a wasted and perishing state.[6] Why,
then, is it not instantly done? why does not government eagerly seize
so glorious an opportunity of healing the wounds of the suffering
people, and extinguishing, by deeds of beneficence, the demons of
discord and disaffection in the realm? Because it would interfere with
a _principle_; it would intercept the free employment of wealth; it
might alarm capitalists, lower the value of Exchequer bills, and for a
week or two depress the funds a-half, or perhaps one per cent. It
would be a substantial _extension of the currency_, and that would
imply an avowal that it had formerly been unduly contracted; it might
be quoted against ministers as a tardy and reluctant admission of the
error of their former monetary policy in the parliamentary committee,
or in the House of Commons! It is for such wretched considerations as
these that relief is refused, and want, wretchedness, and treason
prolonged throughout the kingdom. Were the subject not so serious, and
even terrible in all its bearings, their conduct would remind us of
the well-known reasons assigned by Dr Sangrado to Gil Blas, for
continuing, to the evident destruction of his patients, the system of
hot water and bleeding.
[6] The inquest set on foot by the magistrates of Glasgow in support
of their deputation, showed that six railway companies alone connected
with that city could, if aided by government, employ _for a year_
workmen as follows:--
Caledonian Railway Company could employ 14,000 men
North British do. do. 8,500 "
Scottish Central, and Scottish Midland Junction do. do. 3,500 "
Edinburgh and Glasgow do. do. 2,500 "
Barrhead and Neilston Direct do. do. 500 "
Glasgow and Ayr, and Dumfries and Carlisle, do. do. 10,000 "
_______
Total labourers 39,000
Embracing, with their dependants, at least 120,000 persons, besides
mechanics and others indirectly benefited.
Public-domain text, read in full here on John Shaqi.
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