THREE:SEIZURE OF SIR WILLIAM MACNAGHTEN. (See p. 495.)The system of exclusive dealing thus recommended was a system of social corruption and social persecution, while the attempt to serve Ireland by the exclusive use of articles of Irish produce only showed Mr. O'Connell's ignorance of political economy. The system, however, was soon abandoned.
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THREE:On the 15th of April, notwithstanding Luttrell's signal defeat, the House of Commons, on the motion of Onslow, son of the late Speaker, voted, after a violent debate, by a majority of fifty-four, that "Henry Lawes Luttrell, Esq., ought to have been returned for Middlesex." The debate was very obstinate. The whole of the Grenville interest, including Lord Temple, was employed against Government, and the decision was not made till three o'clock on Sunday morning.CHAPTER XIV. REIGN OF GEORGE III. (continued).
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THREE:In Europe war was about to break forth, in consequence of war in America. Yet the Court of France did not lack solemn warnings of the fatal path on which they were entering. The honest and far-sighted financier, Turgot, who had been employed by Louis XVI., as Comptroller-General, to endeavour to bring the terribly disordered revenue of France into order, said, "I must remind you, sire, of these three words'No bankruptcy, no augmentation of imposts, no loans.' To fulfil these three conditions there is but one meansto reduce the expenditure below the receipt, and sufficiently below it to be able to economise, every year, twenty millions, in order to clear off the old debts. Without that, the first cannon fired will force the State to bankruptcy." He assured the king that all colonies, on arriving at a condition of maturity, would as naturally abandon the control of the mother country as children, arriving at majority, do the control of their parents; that the independence of America would, therefore, come of itself, without France ruining herself to accelerate the event; that, as to France wishing Spain to join in this attempt, Spain must remember her own colonies, for, by assisting to free the British colonies, she would assuredly assist to liberate her own.