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
there was no Minister to carry it through. These difficulties were
increased by a rage for stock-jobbing that had seized all ranks of
men. It was more shameful, that above sixty members who were to sit
in judgment on the Company, were known to be engaged in that dirty
practice. The Chancellor of the Exchequer himself was vehemently
suspected of having caught the contagion.[332]
The day of expectation arrived at last, March the 6th--but ended in
smoke. As Lord Chatham’s plan was to be content with nothing the
Company could offer, that he might at last get the whole into his
hands, or reduce them by force to cede a much larger portion of their
revenues than he could expect they would offer till driven to that
necessity, he had eagerly rejected the plan presented by them to the
Treasury; and Beckford now, to obtain from the House disapprobation of
those offers, moved to have all papers, that had passed between the
Government and the Company for the last six months, laid before the
House. This motion, which had the sanction of the Ministry, for it
was seconded by Colonel Fitzroy, was not only disapproved of by the
Opposition, (who treated it as a measure of delay in Beckford, during
the ill-humour of his friend Lord Chatham, and as a matter nugatory,
since the paper being only an offer from the Treasurer of the Company
to the Treasury, it was not an act of the General Court, and could
consequently be disavowed by the proprietors,) but was objected to by
Charles Townshend too, as the measure was incomplete; questions, he
said, being asked on the proposals, and answers still more obscure
returned. And to show his dissatisfaction, he desired the House to
consider him as a private Member of Parliament. Conway, with more
decency, let it be perceived that he was not much better content;
however, to disculpate his friend the Duke of Grafton, he said,
the Duke had warned the directors that the paper would come before
Parliament, nor would accept it till they allowed of that condition.
His own opinion, he said, he would not declare. He understood the
proposal as yet was neither rejected nor accepted. He wished not to see
the paper in the House, till either rejected or accepted; lamented the
step taken, but could not obstruct it. Charles Yorke vindicated the
Company. Grenville, Burke, and Wedderburne treated Chatham and Beckford
with scorn, and laboured to raise a spirit against the idea of force to
be put on the Company, and to baffle any benefit being received by the
Government. In the midst of the debate, the military and naval chiefs,
by their posts members of the Cabinet, but with all their merits very
incompetent judges of state affairs, and still worse qualified to
engage in the subtleties of a Parliamentary discussion,--both, I say,
Lord Granby and Sir Edward Hawke blabbed out the secret which the
Ministers were veiling, and which even the treachery and loquacity of
Townshend had not dared openly to disclose. Lord Granby told the House
Public-domain text, read in full here on John Shaqi.
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