There was no difference between the national revenue and the royal
revenue in Wolsey's days. The king took all the money he could get, and
spent it as he thought good; if he went to war he expected his people to
pay for it. In an ordinary way the king was well provided for by his
feudal dues and the proceeds of customs, tonnage and poundage, and the
tax on wool, wool-fells, and leather. When extraordinary expenses were
incurred Parliament was summoned, and granted taxes to the king. Their
vote was reckoned on an old assessment of tenths and fifteenths of the
value of chattels possessed by the baronage and the commons; and when
Parliament made this grant the clergy in their convocation granted a
tenth of clerical incomes. The value of a tenth and fifteenth was
£30,000; of a clerical tenth £10,000; so that the usual grant in case of
an emergency amounted to £40,000 from the whole realm. For his
expedition of 1513 Henry obtained a vote of two tenths and fifteenths,
besides a subsidy of a graduated income and property tax which was
estimated to produce £160,000, and this had to be supplemented by a
further grant of tenths and fifteenths in 1515.
It was in 1515 that Wolsey became Chancellor, and with that office
assumed the entire responsibility for all affairs of state. He managed
to introduce some order into the finances, and during the years of
pacific diplomacy things went tolerably well. But the French expeditions
were costly, and in April 1523 Parliament had to be summoned to pay the
king's debts. The war against France was popular, and men were willing
to contribute.
So on 15th April Henry VIII. opened Parliament, and Tunstal, Bishop of
London, delivered the usual oration in praise of the king and grief over
the evils of the time. The Commons departed, and elected as their
Speaker Sir Thomas More, who had already abandoned the quiet paths of
literature for the stormy sea of politics. The king's assent was given
in the usual manner to his appointment, and the session was adjourned.
The Commons doubtless began to take financial matters under their
consideration, but it was thought desirable that they should have a
definite statement of the national needs. On 29th April Wolsey went to
the House, and after urging the importance of the interests at stake in
the war, proposed a subsidy of £800,000, to be raised according to an
old method, by a tax of four shillings in the pound on all goods and
lands. Next day there was much debate on this proposal; it was urged
that the sudden withdrawal of so large an amount of ready money would
seriously affect the currency, and was indeed almost impossible. A
committee was appointed to represent to Wolsey that this was the sense
of the House, and beg him to induce the king to moderate his demands.
Wolsey answered that he would rather have his tongue pulled out with
red-hot pincers than carry such a message to the king.
Public-domain text, read in full here on John Shaqi.
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