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
If the Opposition were startled at their defeat, and Rigby did repent
his precipitancy, Mr. Conway was not a little startled too. He saw Lord
Chatham would stand, whether he quitted or not. He had declared against
going into opposition; nor was it his inclination. Should he quit in
those circumstances, he would become a cypher, and remain divested of
his profession. I saw his difficulties and felt them. I told him that
he had lately asked me whether I would advise him to stay and be turned
out with disgrace with a falling Administration? I reminded him that in
those circumstances I had acquiesced, and had allowed that he could not
stay, nor support alone a system that hung on Lord Bute. But the case
was altered now: it was plain the Opposition was too weak to demolish
Lord Chatham; and therefore, as Lord Chatham was likely to continue
in power, I wished him to stay in place likewise. At the same time I
sent Lord Hertford to beg his Majesty would press Mr. Conway not to
quit. The King said he had just written to Mr. Conway, and told him
his Government depended on _his_ conducting the business of the House
of Commons. Lord Hertford replied, he believed his brother was more
inclined to stay than he had been. The King said, eagerly, “How have
you brought it about? I am sure you and Mr. Walpole have done it.”
On the 9th, Beckford proceeded on the East Indian plan, and moved
for inspection of their charters, treaties, revenue in Bengal, and
an account of what they had expended. He expatiated justly on the
devastation the Company’s servants had committed, and urged that new
adventurers, not old proprietors of India Stock, were the men who
profited of this accession of wealth, and who were practising all
arts to convert into a selfish job a source of riches that ought to
be conducted to national advantage. The Opposition treated the plan
as chimerical. Could Bengal, they asked, be stated as a permanent
possession? Cust, the Speaker’s brother, concerned in the Company,
admitted that the Government was entitled to expect a return from the
Company, as their settlements had been preserved by the navy, and
depended on the protection of the public. But though his confession
was candid, he was faithful too to the interests of the Company, and
started many difficulties. No proposal, he said, could be made but to
the General Court of Proprietors. Many proprietors would object, not
intending to continue so. The revenue was not so large as pretended.
Lord Clive computed it at one million seven hundred thousand pounds:
Sumner’s account settled it at one million four hundred thousand;
himself did not believe it exceeded twelve hundred thousand. The
Company, on their forts, armaments, &c., had expended five millions.
Senegal and Goree, while in private hands, were maintained for eight
thousand pounds a year; since the public had taken them under their own
direction, they had cost twenty-six thousand pounds a year. Burke, in
Public-domain text, read in full here on John Shaqi.
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