The Life and Times of Queen Victoria; vol. 4 of 4Wilson, Robert
History
The Life and Times of Queen Victoria; vol. 4 of 4
Wilson, Robert
Great Britain -- History -- Victoria, 1837-1901; Victoria, Queen of Great Britain, 1819-1901
After the Coercion Bill had passed, Mr. Dillon carried on a passionate
agitation against the Government in Ireland, and Mr. Forster retaliated
by imprisoning him and several other Land Leaguers as “suspects”
in May. Mr. Finigan was sent down to Coventry, where an election
was taking place, to canvass the constituency on behalf of the Tory
candidate, Mr. Eaton, a tangible expression of gratitude for the
occasional sympathy that had been extended to the Parnellites by Lord
Randolph Churchill, and some other Conservatives during the Coercion
debates. There was a lull in the storm, however, during which the Peers
censured the Government for refusing to occupy Candahar. A vote of the
House of Commons on the 25th of March reversed this censure, for the
House rejected by 336 to 216 a motion of Mr. Stanhope’s, blaming the
Government for withdrawing from Candahar “at the present time.” When
the Tories refused to commit themselves to the proposition that it was
the duty of the Government to hold Candahar permanently, and merely
demanded its occupation “at the present time,” their attack assumed
the complexion of a party demonstration. If England were to leave
Candahar at all the sooner she left it the better, for the longer her
troops stayed the more difficult it would be to establish the native
government of Abdurrahman in the Province. The Army Discipline Bill,
abolishing flogging, passed through the House of Commons without much
opposition from the Tories, and was read a third time by the House of
Lords on the 7th of April. The Budget was introduced by Mr. Gladstone
on the 4th of April, and on an estimated expenditure of £84,705,000,
and an estimated revenue of £85,900,000, he showed a probable surplus
of £1,195,000. This was reduced by £100,000, consumed in paying off
a loan for building barracks. Mr. Gladstone, therefore, reduced the
Income Tax to 5d. in the pound, and converted the deficit thereby
incurred of £275,000, into a surplus of £295,000, by levying an uniform
surtax of 4d. a gallon on foreign spirits, in accordance with the test
of standard strength applied to wines, and by minor changes in the
Probate, Legacy, and Succession Duties. The most important part of his
statement was that, during the past year, the National Debt had been
reduced by £7,000,000. He also foreshadowed a great scheme for the
extinction of £60,000,000 of debt, by the conversion of one-third of
the short annuities terminating in 1885 into long annuities terminating
in 1906. As this would make Consols scarce, it would put up their
price, and enable him or his successor, in the course of ten years, to
reduce the interest on the National Debt.
[Illustration: GRAFTON STREET, DUBLIN.]
Public-domain text, read in full here on John Shaqi.
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