Lives of Boulton and Watt. Principally from the Original Soho Mss.: Comprising also a history of the invention and introduction of the steam engineSmiles, Samuel
History
Lives of Boulton and Watt. Principally from the Original Soho Mss.: Comprising also a history of the invention and introduction of the steam engine
When Boulton returned to Birmingham, he was urgently called upon to take
part in a movement altogether foreign to his habits. He had heretofore
been too much engrossed by business to admit of his taking any active
part in political affairs. Being, however, of an active temperament,
and mixing with men of all classes, he could not but feel an interest in
the public movements of his time. Early in 1784, we find him taking the
lead in getting up a loyal address to the King on the resignation of the
Portland Administration and the appointment of Mr. Pitt as Prime Minister.
It appears, however, that Pitt disappointed his expectations. One of his
first projects was a scheme of taxation, which he introduced for the
purpose of remedying the disordered state of the finances, but which,
in Boulton’s opinion, would, if carried, have the effect of seriously
damaging the national industry. The Minister proposed to tax coal, iron,
copper, and other raw materials of manufacture, to the amount of about
a million a year. Boulton immediately bestirred himself to oppose the
adoption of the scheme. He held that for a manufacturing nation to tax the
raw materials of wealth was a suicidal measure, calculated, if persevered
in, to involve the producers of wealth in ruin. “Let taxes,” he said, “be
laid upon luxuries, upon vices, and if you like upon property; tax riches
when got, and the expenditure of them, but not the means of getting them;
of all things, don’t cut open the hen that lays the golden eggs.”[267]
[267] Boulton to Wilson, 16th December, 1784. Boulton MSS.
Petitions and memorials were forthwith got up in the midland counties,
and presented against the measure; and Boulton being recognised as the
leader of the movement in his district, was summoned by Mr. Pitt to London
to an interview with him on the subject. He then took the opportunity
of pressing upon the Minister the necessity of taking measures to secure
reciprocity of trade with foreign nations, as being of vital importance
to the trade of England. Writing to his partner Scale, he said, “Surely
our Ministers must be bad politicians, to suffer the gates of nearly
every commercial city in the world to be shut against us.” “There is no
doubt,” he wrote to his friend Garbett, “but the edicts, prohibitions,
and high duties laid upon our manufacturers by foreign powers will be
severely felt, unless some new commercial treaties are entered into with
such powers. I fear our young Minister is not sufficiently aware of the
importance of the subject, and I likewise fear he will pledge himself
before Parliament meets to carry other measures in the next session that
will be as odious to the country as his late attempts.”
Public-domain text, read in full here on John Shaqi.
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