Memoirs of the Reign of King George the Third, Volume 2 (of 4)Walpole, Horace
History
Memoirs of the Reign of King George the Third, Volume 2 (of 4)
Walpole, Horace
Great Britain -- History -- 1760-1789; Great Britain -- History -- George III, 1760-1820
In this uncommunicated state the dictator had left the business, and
the Parliament had met without his assigning their departments in the
action to any of the Ministers--not to the Duke of Grafton himself,
the head of the Treasury, and who, though as a peer not qualified to
conduct the plan through the House of Commons, yet was the person
who must superintend and transact an affair which, whether in a
greater or less proportion, was ultimately to centre in the revenue,
had he disclosed how far he meant or wished to go. In the mean time
had intervened the episode of Lord Edgcumbe; and Conway, the acting
Minister in the House of Commons, had been disgusted. Never officious
to thrust himself into business, and now indisposed to the great
projector, he neither was ambitious to receive orders, nor forward
to apply for them at the fountain-head; yet being well disposed to
the plan, and, at least, too much versed in business, not to know
the propriety of digesting so very daring a scheme before it was
thrown into the House of Commons, where, had there been no men of ill
intention, still a rude design must create confusion and impediment,
he had pressed earnestly to have it well considered in Council, before
it was introduced into Parliament. His prayers and remonstrances were
vain; and though Lord Chatham depended on him for the conduct of the
Ministerial part, he would not deign to impart a ray of instruction.
There was another man still more necessary perhaps to the progress
of a scheme of a monied nature; and that was the Chancellor of the
Exchequer, Charles Townshend. But him Lord Chatham neither trusted nor
considered but as the mere slave of his orders. Be it so: yet could
it be imagined that instead of employing either Secretary of State or
Chancellor of the Exchequer, the Minister should have consigned his
darling scheme to a private man--and that man the most absurd, and of
as little weight as any member in the House of Commons? So the fact
was, and so must I recount it. But ere the project was opened, it was
known that the versatile genius of the Chancellor of the Exchequer
was playing tricks and endeavouring to obstruct the measure yet in
embryo. Conway, zealous for extracting some national advantage from
the prosperous state of the Company’s affairs, laboured to surmount
Townshend’s objections, and assembled a council at his own house
to debate the point with him. Lord Chatham flamed at the notice
of Townshend’s adverse conduct, and vowed himself would resign, or
Townshend should be turned out; and he resented Conway’s interfering
to serve him without his direction. Yet, ere the business came to
any conclusion, Townshend exhibited many doubts; though for once his
inconsistencies and treachery were not solely dictated by unsteadiness.
It became known that his frequent fluctuations in the course of the
affair were so many wiles to raise or lower the stock in which he was
dealing, and which the Chancellor of the Exchequer could supremely
Public-domain text, read in full here on John Shaqi.
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