Memoirs of the Reign of King George the Second, Volume 2 (of 3)Walpole, Horace
History
Memoirs of the Reign of King George the Second, Volume 2 (of 3)
Walpole, Horace
Great Britain -- History -- George II, 1727-1760
On the second reading of the Bill, Legge argued against it with
more warmth: if gathered loosely, it would produce a trifle; if
strictly, three times as much as granted for. France would think
us bankrupt; no nation had done this but in sieges and civil wars.
He condemned it as a register of so much personal estate; and as
this knowledge would assist the housebreaker in his campaign; and
as it would go to the destruction of one of the most flourishing
manufactures in Europe, producing clear for the labour alone
32,000_l._ a year. Our silversmiths would now go to France, and
the plate would meet them there to be worked. Sir George Lyttelton
remarked that Legge’s arguments went against all inland duties in
general; and that as little wealth ought to lie dead as possible.
That on laying the coach-tax, the coach-makers came to the Treasury
and complained they should be ruined; yet their trade had increased
since. If we took a galleon, would it be advisable to lay up the
treasure against a day of calamity? He defended the method of
collecting this duty by Excisemen; did not find that Excise was now
so terrible: Sir Francis Dashwood had proposed an Excise on meat,
and he had not perceived that it had much shocked the House--in
fact, no powers, he said, were more gently exercised than those of
Excise. No complaint had been made on the coach-tax: this was to be
under the same regulation. Our trade would not bear more customs;
nor could we support the war, but by a despotic mortgage of the
whole Sinking Fund. His chief partiality to the plate-tax arose
from the poor being exempt from it.
Public-domain text, read in full here on John Shaqi.
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