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 and important to them; viz how he shall put a stop to the monstrous joint-stock banking system frauds, as exhibited at this moment at Manchester, in the Northern and Central Banking Company, and other similar establishments, blessed with the disinterested patronage of the chief member of the "Anti-Corn-Law League." The mention of that snug little speculation of two or three ingenious and enterprising Manchester manufacturers, forces from us an observation or two, viz that the thing will not do, after all. There is much cry, and little wool; very little corn, and a great deal of cotton. They have a smart saying at Manchester, to the effect, that it is no use whistling against thunder; which we shall interpret to mean, that all their "great meetings," speechifyings, subscriptions, and so forth, will fail to kindle a single spark of real enthusiasm in their favour, among those who are daily becoming more and more personally sensible, first, of the solid benefits conferred by the wise policy of the present Administration; secondly, of the want of personal respectability among the leaders of the League; and lastly, the necessity and vast advantage of supporting the agriculture of Old England. The recent discussions on the Corn-Laws, in Parliament and elsewhere, the masterly expositions of the true principles on which they are really based, have thrown a flood of light on the subject, now made visible and intelligible to the lowest capacity. That some further alteration may not erelong be made on the scale of duties, no one can assert, though we have no reason to believe that any such is at present contemplated; but that the principle of the "sliding scale," as it is called, will be firmly adhered to, we entertain no doubt whatever. The conduct of the agricultural interest, with reference to subjects of such vital importance to them as the Corn-Law Bill and the Tariff, has been characterized by signal forbearance and fortitude; nor, let them rest assured, will it be lost upon the Ministry or the country. The next step in Sir Robert Peel's bold and comprehensive policy, was to devise some method of recruiting forthwith its languishing vital energies—to rescue its financial concerns from the desperate condition in which he found them. With an immediate and perspective increase of expenditure that was perfectly frightful—in the meditation and actual prosecution of vast but useless enterprises—of foreign interference and aggrandizement, to secure a little longer continuance of popular favour, they deliberately destroyed a principal source of revenue, by the reduction of the postage duties, in defiance of the repeated protests and warnings of Sir Robert Peel, when in Opposition. They had, in fact, brought matters to such a pitch, as to render it almost impossible for even "a heaven-born minister" to conduct the affairs of the nation, with safety and honour, without inflicting grievous disappointment and sufferings, and incurring thereby a degree of obloquy fatal to any Ministry. They seemed, in fact, to imagine, as they went on, that the day of reckoning could never arrive, because they had resolved to stave it off from time to time, however near it approached, by a series of desperate expedients, really destructive of the national prosperity, but provocative of what served their purposes, viz temporary popular enthusiasm. What cruelty! what profligacy! what madness! And all under the flag on which were inscribed "Peace! Retrenchment! Reform!" Acting on the salutary maxim, that the knowledge of the disease is half the cure, Sir Robert Peel resolved to lay before the nation the whole truth, however appalling. Listen to the following pregnant sentences which he addressed to the House of Commons, within a few moments after he had risen to develope his financial policy, we mean on the 11th of March 1842:—"It is sometimes necessary, on the occasion of financial statements of this kind, to maintain great reserve, and to speak with great caution. A due regard for the public interest, may impose on a Minister the duty of only partially disclosing matters of importance. But I am hampered by no fetters of official duty. I mean to lay before you the truth—the unexaggerated truth, but to conceal nothing. I do this, because in great financial difficulties, the first step towards improvement is to look those difficulties boldly in the face. This is true of individuals—it is true also of nations. There can be no hope of improvement or of recovery, if you consent to conceal from