FORE:But Austria had not the prudence to guide herself by these considerations. Her ablest statesman, Metternich, and the ablest statesman of France, Talleyrand, had many private conferences with the Russian ambassador, Romanzoff, to endeavour to concert some scheme by which this war could be prevented, but in vain. Austria believed that the time for regaining her position in Germany, Italy, and the Tyrol, was come; and Talleyrand knew that Buonaparte would make no concession to avoid the threatened collision, because it would argue at once a decline of his power. All that he could do, he did, which was on his hasty return to Paris from Spain: he opened communications with Austria, intended to defer the declaration of war for a few months whilst he made his preparations. He had little fear of crushing Austria summarily. He believed that Soult, having driven Sir John Moore out of Spain, would prevent the British from sending[587] another army there; and he was confident that his generals there could speedily reduce the Spaniards to submission. On the other hand, Austria, he knew, could have no assistance from Russia, Prussia, or the other Northern Powers. All he wanted, therefore, was a little time to collect his armies. Austria had made gigantic exertions, and had now on foot a greater host than she had ever brought into the field before. It was said to comprehend half a million of men, two hundred thousand of whom were under the command of the Emperor's brother, the Archduke Charles, and posted in Austria to defend the main body of the empire. Another large army was, under the command of the Archduke John, in Carinthia and Carniola, ready to descend on the north of Italy; and a third was posted in Galicia, under the Archduke Ferdinand, to defend Poland. John was to co-operate with Charles through the defiles of the Tyrol, which, having been given over, by the pressure of Buonaparte at the Treaty of Pressburg, to Bavaria, was ready to rise and renew its ancient and devoted union with Austria.Sir Robert Peel then rose. He said that the immediate cause which had led to the dissolution of the Government was "that great and mysterious calamity which caused a lamentable failure in an article of food on which great numbers of the people in this part of the United Kingdom and still larger numbers in the sister kingdom depended mainly for their subsistence." But he added, "I will not assign to that cause too much weight. I will not withhold the homage which is due to the progress of reason, and to truth, by denying that my opinions on the subject of Protection have undergone a change." This announcement was received in profound silence from the Ministerial benches, but with triumphant cheering from the Opposition. Protection, he said, was not a labourer's question. High prices did not produce high wages, nor vice versa. In the last three years, with low prices and abundance of food, wages were comparatively high, and labour was in demand. In the three years preceding, with high[522] prices and scarcity, wages were low and employment was scarce. Experience thus proved that wages were ruled by abundance of capital and demand for labour, and did not vary with the price of provisions. Again, increased freedom of trade was favourable to the prosperity of our commerce. In three scarce and dear years, namely, from 1839 to 1841, our foreign exports fell off from 53,000,000 in value to 47,000,000. But in three years of reduction of duties and low prices, namely, from 1842 to 1844, the value of our exports rose from 47,000,000 to 58,000,000. Even deducting the amount of the China trade, a similar result was shown. Nor was the reduction in the customs duties unfavourable to the revenue. In 1842 there was an estimated loss of 1,500,000; in 1843 a smaller one of 273,000; but in 1845 there was a reduction at an estimated loss to the revenue of no less than 2,500,000. The total amount of the various reductions effected in three years exceeded 4,000,000; and many of the duties were totally abolished; the loss, therefore, not being compensated by any increased consumption. Had 4,000,000 been lost to the revenue? He believed that on the 5th of April next the revenue would be found to be more buoyant than ever. Sir Robert Peel referred to other proofs of prosperity resulting from reduced import duties, and then adverted to his own position, and declared that "he would not hold office on a servile tenure."
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
More Info
