Blackwood's Edinburgh Magazine — Volume 55, No. 339, January, 1844

The first of the observations to which we beg the reader's earnest attention, is—that Sir Robert Peel has to govern by means of a Reformed House of Commons. It is for want of well considering this circumstance, that one or two respectable sections of the Conservative party have conceived some dissatisfaction at the line of policy adopted by Sir Robert Peel. They forget that, as we have already stated, the Tory party was nearly destroyed by the passing of the Reform Bill; that from its ashes rose the CONSERVATIVE party, adapted to the totally new political exigencies of the times; its grand object being, as it were, out of the elements of democracy to arrest the progress of democracy. The bond of its union was correctly described by its founder, as consisting in attachment to the fundamental institutions of the country—non-opposition to rational changes rendered requisite by the altered circumstances of the times—but determination to maintain, on their ancient footing and foundation, our great institutions in Church and State. Keeping these grand objects ever in view, the true policy to be adopted was to widen the foundations on which should stand "that new party which was to draw, from time to time, its strength from its opponents." None saw this more clearly than Sir Robert Peel—and hence the "moderation," indispensable and all-powerful, which he prescribed to himself, and recommended to all those who chose to act with him, and the steady acting upon which has at length conducted them to their present splendid position of power and responsibility. Could the government of the country be now carried on upon principles that were all-powerful twenty—or even fewer—years ago? No more than Queen Victoria could govern on the principles of Queen Elizabeth! We must look at things, not as they were, or as we would wish them to be—but as they are and are likely to be. He is unable to take a just and comprehensive view of political affairs in this country—of the position of parties, and the tendency of the principles respectively advocated by them, who does not see that the great and only contest now going on, is between conservative and destructive. We say boldly—and we are satisfied that we say it in conformity with the opinions of the immense majority of persons of intelligence and property—that the forces which would drive Sir Robert Peel's Government from office would immediately and inevitably supply their places by a Government which must act upon destructive principles. This will not be believed by many of those who, moving in the circumscribed sphere of intense party feeling, can contemplate only one object, namely—a return to power, and disregard the intentions of the fierce auxiliaries of whose services they would avail themselves. To the country at large, however, who breathe a freer air, the true nature of the struggle is plain as the sun at noonday. The number of those who only nominally belong to parties, but have a very deep stake in the preservation of our national institutions, and see distinctly the advantages of a Minister acting firmly on moderate principles, and who will consequently give him a silent but steady support in moments of danger, is infinitely larger than is supposed by the opponents of the Conservative party. Such a Minister, however, must make up his account with receiving often only a cold and jealous support from those of his adherents who incline to extreme opinions; while his opponents will increase their zeal and animosity in proportion to their perception of the unobjectionableness of his measures, the practical working of his moderation, viz.—his continuance in power, and their own exclusion from it. Such a Minister must possess a large share of fortitude, careless of its exhibition, and often exposing him to the charge of insensibility, as he moves steadily on amongst disaffected supporters and desperate opponents, mindless equally of taunts, threats, reproaches, and misrepresentations. He must resolve to bide his time, while his well-matured measures are slowly developing themselves, relying on the conscious purity of his motives. Such a man as this the country will prize and support, and such a man we sincerely believe that the country possesses in the present Prime Minister. He may view, therefore, with perfect equanimity, a degree of methodized clamour and violence, which would overthrow a Minister of a different stamp. Such are the inconveniences—such the consolations and advantages—attending that course of moderation which alone can be adopted with permanent success, by a Conservative Minister governing with a reformed House of Commons.

Another observation we would offer, has for its object to abate the pique and vexation under which the ablest volunteer advisers of the Minister are apt to suffer, on his disregard of their counsels, and sometimes to revenge themselves by bitter and indiscriminate censure of his general policy. They should remember, that while they are irresponsible volunteers, he acts under a tremendous responsibility; to sustain which, however, he has advantages which none but those in his situation can possibly possess—the co-operation of able brother Ministers, with all those sources and means of universal information which the constitution has placed at his disposal. The superior knowledge of the circumstances of the country thus acquired, enable him to see insuperable objections to schemes and suggestions, which their proposers reasonably deem to be palpably just and feasible. We have often thought that if Sir Robert Peel, or any other Prime Minister, were to take one of these eager and confident advisers into his cabinet, and calmly exhibit to him the actual impossibility—the imminent danger—of adopting the course of procedure which that adviser has been strenuously recommending, he would go away with slightly increased distrust of himself, and consideration for the Minister. Neither Sir Robert Peel, nor any other Minister, would be so arrogantly stupid as to disregard free information and advice, merely because it came from such persons, who, if they have no right to expect their advice to be followed, have yet a clear right to offer it, and urge it with all their force.

Again—The present Ministers had the disadvantage (in some respects) of succeeding to those, who, if they could do nothing, made up for it by promising every thing. Sir Robert Peel and his friends, on the contrary, made no promises whatever, beyond what would indeed be implied by acceptance of office—namely, honestly to endeavour to govern the country, for the permanent good of the country. While admitting the existence of great distress, they expressly admitted also, that they saw no mode of sudden relief for that distress, but would trust to the energies of the country gradually recovering themselves, under steady and cautious management. Sir Robert Peel frankly stated in the House of Commons, just previously to the dissolution in 1841, that he had no hope of an immediate return of prosperity; and that such had become the state of our domestic and foreign embarrassments, that "we must for years expect to struggle with difficulty." This was their language on the eve of the general election, yet the country placed confidence in their honour and capacity, heartily sickened of the prodigal promises of their opponents. The extravagant visionary hopes which they held forth at the eleventh hour, in their frenzied eagerness to obtain a majority at the last election, are still gleaming brightly before the eyes of numbers of their deluded supporters; imposing on the present Government the painful and ungracious duty of proving to them that such hopes and expectations cannot be realized, even for a brief space, without breaking up the foundations of our national existence and greatness.

Lastly. Can the Conservatives be expected in TWO years' time to repair all the evils resulting from a TEN years' gross mismanagement of the national affairs by their predecessors? "The evil that they did, lives after them." But for the fortunate strength of the Conservative party, moreover, in opposition, and the patriotism and wisdom of the house of Lords, the late Ministers would, by the time of their expulsion from office, have rendered the condition of the country utterly desperate—for very nearly desperate it assuredly was. Their vacillating, inconsistent, wild, and extravagant conduct during these ten years, had generated an universal sense of insecurity and want of confidence among all the great interests of the country, which locked up capital—palsied enterprise. Trade and commerce drooped daily, and the revenue melted away rapidly every year. Great things were justly expected from the practical skill and experience possessed by the new Government; but time is requisite for the development of a policy which had, and still has, to contend against such numerous and formidable obstacles. Confidence, especially mercantile confidence, is a delicate flower, of slow growth, and very difficult to rear. A breath may blight it. It will bloom only in a tranquil and temperate air. If ever there was a man entitled to speak, however, with authority upon this subject, it was Mr Baring, the late candidate, and unquestionably the future member, for the city of London—a man constantly engaged in vast mercantile transactions in all parts of the globe, and whose ability equals his experience. In the presence of a great number of gentlemen, representing two-thirds of the wealth and intelligence of the city of London, thus spoke Mr Baring, on the 6th October 1843:—"I rejoice that Sir Robert Peel did not hold out to the country the fallacious hope, that, by any particular measure, he could restore prosperity, or cure sufferings which were beyond the reach of legislation, and that he patiently relied upon the resources and energies of the country to set trade and commerce right. That expectation is already beginning to be realized. That calm reliance is already justified. I am speaking in the presence of those who are as much as, if not more conversant with business than, myself, and they will contradict me if I am not right when I say, that great symptoms of improvement in the trade and industry of the country have manifested themselves; which symptoms are of such a nature, that they do not appear to be the result of momentary excitement produced by some fallacious experiment, but of the paramount re-establishment of commerce, and of a fresh era in the prosperity of the empire. I am asked what have the Government done? Why, they have restored CONFIDENCE to the country! They have terminated wars, they have restored confidence at home, and commanded respect abroad."

Now, however, for the DOINGS of the Government; and of those we shall take no more detailed or extended notice than is requisite, in our opinion, to exhibit the general system and plan of their procedure, and show its complete consistency with the declaration of opinions made by Sir Robert Peel previous to the general election of 1841.

It will be borne in mind, that the then existing distress in our commercial and manufacturing interests he referred to three temporary causes:—the undue stimulus which had been given to industry in the manufacturing districts—by the accommodation system pursued in the joint-stock banks, the troubled and hostile condition of almost all those foreign countries which used to be the best customers for our manufactures, and the two or three preceding defective harvests. The first of these was not of a nature to call for, or perhaps admit of, direct and specific legislative interference. It originated in a vicious system of contagious private speculation, which has involved many thousands of those engaged in it in irredeemable, shall we add deserved, disgrace and ruin—and which had better, perhaps, be left to work its own cure. The last of the three causes was one to which all mankind is every where subject, and which is in a great measure beyond the reach of effective human interference. Before proceeding to explain the steps taken to remedy the second, viz., our distracted foreign relations, let us premise briefly for the present, that the very earliest acts of Ministers showed how profoundly sensible they were of the necessity of doing something, and that promptly, to relieve the grievous distress under which the lower orders were suffering, and at the same time afford a safe, effective, and permanent stimulus to trade and commerce. A comprehensive survey of the state, not only of our own but foreign commercial countries, satisfied them, as practical men, of the serious difficulties to be here contended with. The steps they took, after due deliberation—viz., the proposing the new tariff and the new corn-law—we shall presently refer to. Let us now point out the income-tax as a measure reflecting infinite credit upon those who had the sagacity and resolution to propose it. We shall not dwell upon this great temporary measure, which in one year has poured upwards of five millions into the exhausted exchequer, further than to say, that as soon as ever it was known among the monied classes, that the Minister, environed as he was with financial difficulties, would risk any amount of popular odium rather than add to the permanent burdens of the country, or permit the ruinous continuance of an excess of expenditure over revenue. As soon as this was evident, we say, the great monied interests of the kingdom recognized in Sir Robert Peel an honest minister, and gave him forthwith its complete confidence, which has never since been for an instant withdrawn from him. And how great are the obligations of that vast portion of the most suffering classes of the community, whom he exempted from this extraordinary contribution to the burdens of the state!

But now for foreign affairs. May not the present Ministers look with just pride towards every quarter of the globe, and exclaim, Quæ regio in terris nostri non plena laboris? In truth their success here has been sufficient to set up half a dozen Ministers—as is known to no man better than Lord Palmerston. The Duke of Wellington and Lord Aberdeen have restored peace to the whole world, re-establishing it on a footing of dignified security and equality. By the persevering energy, the calm determination, and inexhaustible resources of Lord Aberdeen, "the winter of our discontent," has been "made glorious summer," with all the great powers of the world. Look at our glorious but irritable neighbour—France: is there any language too strong to express the delight which we feel at the renovated sympathy and affection which exist between us?

We cannot answer for France to the extent which we can for England; but we know, that through the length and breadth of this land—our beloved Queen's familiar visit to the King of the French, their affectionate greeting, and her Majesty's enthusiastic reception by the people, diffused a feeling of joy and affection towards France, which will not soon—nay, should it ever?—subside. But would that visit have taken place, if Lord Palmerston, and not Lord Aberdeen, had presided over the foreign councils of this country? 'Tis a disagreeable question, and we pass on. Then as to America, thanks to the mission of Lord Ashburton, peace has been secured between us, on terms equally honourable to both. We are now at peace with the United States—a peace not to be disturbed by the (to Whiggish eyes) promising (!!) aspect of the Oregon difficulties—which we tell our aforesaid friends will end in—nothing at all—[It is not, by the way, the fault of our Government, that this disputed matter was not embraced by the Washington Treaty.]—While Lord Palmerston and his doleful ally, the Morning Chronicle, were daily stigmatizing the treaty of Washington, as highly dishonourable and disadvantageous to this country, it may interest our readers to see what one of the disaffected American senators had to say on the subject. Thus spoke, in the senate, Mr Benton, a well-known member of congress:—

"The concessions of Great Britain to the United States are small. The territory granted to the United States, is of such a nature, that it will never be of importance to hold it, while the possessions given up by the United States are important and valuable to them, and have the effect of admitting a foreign power within a territory which was granted to the United States, by the treaty of 1783. * * When I see the Government giving up more than Great Britain demanded, I cannot conceal my amazement and mortification!"

Glancing, however, from the West to the East—what do we see? Wars in India and China, brought gloriously to an advantageous termination.—"Wars," to adopt the language of one of the greatest mercantile authorities living, "which have been deranging our money transactions, and making our trade a trade of hazard and speculation, most injurious to the commerce of the empire at large."

While, on the one hand, we are relieved from the ruinous drain upon our resources, occasioned by our protracted warlike operations in India and China, on the other, a prospect is opened to us, by the immensely important treaty into which the Emperor of China has entered with this country, of very great and permanent commercial advantages, which are already being realized. Let our manufacturers, however, beware of the danger of forfeiting these advantages, by excessive eagerness to avail themselves of these newly acquired markets. Twelve-months ago, we earnestly warned them on this score,²³ and we now as earnestly repeat that warning; "Notwithstanding," observed an able French journalist, a few weeks ago, upon this subject, "the opening of five ports to European commerce, China will for many years preserve her internal laws, her eccentric tastes, her inveterate habits. China is the country of routine and immovability. The treaty with Great Britain cannot modify the nature of China in a few months. If the English are not prudent in their exports, if they overload the newly opened ports with foreign produce, they will injure themselves more than they were injured by the war just concluded." In every word of this we concur: but alas! what weight will such considerations have with the agitating manufacturers in the north of England? Their fierce but short-sighted anxiety to make rapid fortunes, will make most of them, in a very few years, melancholy evidences of the justness of our observations! We cannot pass from the East without noticing the sound statesmanship which is regulating all Lord Ellenborough's leading movements in India—a matter now universally admitted. How unspeakably contemptible and ridiculous has the lapse of a few months rendered the petty clamours against him, with which the ex-ministerial party commenced their last year's campaign! Without, however, travelling round the entire circle of our foreign connexions and operations—there are one or two points to which we will briefly refer, as striking instances of the vigilant and indefatigable energy, and the powerful diplomatic influence of Lord Aberdeen, especially with reference to the securing commercial advantages to this country—and which has extorted the following testimony, during the present month (December,) from another French journal, by no means favourably disposed to this country:—"The English Government is incontestably the best served of all Governments in the means of obtaining new, and extending old markets, and in the rapid and complete knowledge of the course to be adopted to ensure the sale of the immense products of Great Britain in different parts of the globe." Take for instance the case of Russia. We have actually succeeded in wringing from the tenacious and inflexible Cabinet of St Petersburg an important commercial advantage! On Lord Aberdeen's accession to office, he found Russia in the act of aiming a fatal blow at a very important branch of our shipping trade, by levying a differential duty on all British vessels conveying to Russian ports any goods which were not the produce of the British dominions. After, however, a skilful and very arduous negotiation, our foreign secretary has succeeded in averting that blow—and we retain the great advantages of which we were about to be deprived. Nor has this signal advantage been purchased by any sacrifice on the part of Great Britain, but only by a permission, founded on most equitable principles, for Russian vessels arriving here from Russian ports with the produce of Russian Poland, to possess the same privileges as if they had come direct from Russian ports: Russian Poland being able to communicate effectively with the sea, only through the Prussian territory. Look again at Brazil—which has also been recently the object of persevering and energetic negotiation on the part of Lord Aberdeen. It is true that, at present, his exertions have been attended with no direct success; but we have doubts whether the importance of the proposed Brazilian treaty has not, after all, been greatly exaggerated. However this may be, Lord Aberdeen is, at this moment, as strenuously at work with the young emperor, as could be desired by the most eager advocate of a commercial treaty with Brazil. But, suppose the emperor's advisers should be disposed to continue their obstinate and unreasonable opposition, observe the gentle pressure upon them, to be felt by and by, which Lord Aberdeen has contrived to effect by the commercial treaty which he has concluded with the contiguous republic of Monte Video, and other states on the right bank of the river Plata, for the admission (on most favourable terms) of British imports into these states. One of them is the Uruguay republic, which borders through a great extent of country on Brazil, the Government of which is utterly unable to prevent the transfer of merchandise across the border; whereby the exclusion of British goods from the Brazilian territory is rendered a matter of physical impossibility.

It is true, that our efforts to enter into commercial treaties with France and Portugal have not, as yet, been successful; but, formidable as are the obstacles at present in existence, we do not despair. Those least wonder at the present position of affairs who are best acquainted with the artificial and complicated positions of the respective countries, and their relations, and consequent policy, towards each other. Whatever can be done by man, is at this moment being done by Lord Aberdeen; and sooner than we have at present a right to expect, his indefatigable exertions may be crowned with success—not only in these, but in other quarters. All foreign Governments must be strongly influenced in such matters, by contemplating a steady and strong Government established in this country; and that object they see more nearly and distinctly every day. Such (without entering into details which would be inconsistent with either our space or our present object) is the general result—namely, the rapidly returning tide of prosperous commercial intercourse of the foreign policy of Conservative Government, which has raised Great Britain, within the short space of two years, to even a higher elevation among the nations of the world, than she had occupied before a "Liberal Ministry undertook the government of the country"—"a policy," to adopt the equally strong and just language of an able writer, "replete with auspicious evidences of the efficacy of intellect, combined with firmness, activity, and integrity, in restoring to wholesome and honourable order a chaotic jumble of anomalies—of humiliations and dangers—of fears, hatred, and confusion thrice trebly confounded."²⁴

While thus successfully active abroad, have Ministers been either idle or unsuccessful at home? Let us look at their two main measures—the new tariff and the new corn-law.

The object of the first of these great measures was twofold—to give a healthy and speedy but permanent stimulus to trade and commerce; and, at the same time, to effect such a reduction of price in the leading articles of consumption as should greatly reduce the cost of living—a boon, of course, inexpressibly precious to the poorer classes. Mark the moment at which this bold and critical line of policy was conceived and carried into execution—namely, a moment when the nation was plunged into such a depth of gloom and distress as had very nearly induced utter despair! when there was a deficiency of five millions sterling in the revenue of the two preceding years, and a certainty of greatly augmented expenditure for the future, owing to our wars in the East and elsewhere. We say—mark this, in order to appreciate a display of the true genius of statesmanship. Foreseeing one effect of such a measure, namely, a serious reduction in the revenue derived from the customs, and which would commence with the bare announcement of such a measure, the Government had to consider whether it would prove a permanent or only a temporary reduction, and to act accordingly. After profound consideration, they satisfied themselves (whether justly or not remains to be seen) that the diminution of revenue would prove only temporary; and to secure the immediate benefits of the measure, they imposed a temporary income-tax, the onerous pressure of which was to cease as soon as matters should have come round again. That period they fixed at the expiration of three years. After an interval of two years, do their calculations appear to have been well or ill founded? Let us see. Early in March 1842 they announced the proposed new tariff, (instantly producing the effect on the customs duties which had been anticipated;) and succeeded in bringing it into operation on the 9th of the ensuing July. The deficiency of revenue which ensued was so very serious that it would have alarmed the whole country, but for their confidence in the firmness and sagacity of Ministers, particularly as evidenced by their announced measures. We have not at the present moment before us the earliest quarterly revenue returns of the period referred to; but it will suffice to state, that such had been the extent of the reductions effected, that the deficiency on the year ending on the 5th October 1843, amounted to no less a sum than L.1,136,000; the decrease on the quarter ending on that day being L.414,000. Still, however, each succeeding quarter—or at least the latter quarters—gave more satisfactory indications of a rallying revenue; and we are enabled to announce the highly gratifying fact that, up to the 8th of the present month (December,) the customs duties returns are of the most decisively improving character. The receipts of duties for the port of London alone, during that period, exceeds the receipt on the corresponding period of last year by L.206,000; while the returns from all the outports, especially from Liverpool, are of the same cheering character, and warrant us in predicting that the returns to be presented on the 5th of the ensuing month will afford a most triumphant proof of the accuracy of the Minister's calculations and the success of his policy; for be it borne in mind, moreover, that his income-tax realized, in the year ending on the 5th October last, the immense sum of L.5,052,000. As far, therefore, as concerns the direct financial effects of the new tariff and its counterbalancing income-tax, the results of Sir Robert Peel's policy are such as may stagger and confound the boldest of his opponents.

Now, however, for the two great objects of the new tariff, which were declared by Sir Robert Peel²⁵ to be "the revival of commerce, and such an improvement in the manufacturing interest, as would react on every other interest in the country; and diminishing the prices of the articles of consumption and the cost of living."

With respect to the first of these objects, we had prepared a copious explanation of the highly satisfactory working of one great portion of the machine of the new tariff, viz. the relaxation of the taxes on the raw materials of manufacture; but it has occurred to us, that the necessity of our doing so has been entirely superseded by the following very remarkable admission, contained in a number of the Morning Chronicle newspaper, published towards the close of September last; an invaluable admission, tending to prove, out of the mouth of the bitterest opponent of the present Ministry, the general success of their domestic policy:—"Notwithstanding insurrection in Wales and agitation in Ireland, there are various circumstances in the present aspect of our national affairs of an encouraging and cheering nature. The first and most prominent thing which strikes an observer, is, the undoubted general revival of trade and commerce. Every thing seems to indicate that the morning is breaking; that the dreary night of disaster and suffering, through which all our material interests have been passing since 1836, is now well-nigh over. The hum of busy industry is once more heard throughout our manufacturing districts; our seaports begin once more to stir with business; merchants on 'Change have smiling faces; and the labouring population are once more finding employment easier of access; and wages are gently, slowly rising. This has not come upon us suddenly; it has been in operation since the end of last year; but so terrible was the depression, so gradual the improvement, that the effects of the revival could not be perceptible till within a recent period. Our exports of cotton and wool, during the present year, very considerably exceed those of a similar period in the preceding; and though there might be increase of export without increase of profit, the simple fact that the districts of our great manufacturing staples are now more active and busy than they have been for a very considerable period, coupled with the apparently well-founded belief that this increased activity is produced, not by speculative but genuine demand, are indications of the most pleasing and gratifying kind to all who are in the least concerned about the prosperity of the country. In addition to the improvement manifested in our staple articles of industry, other important interests are showing symptoms of decided improvement; even the iron-trade has got over its 'crisis;' and though we are very far indeed from having attained to a condition of prosperity, the steady, though slow, revival of every branch of industry, is a proof that the cause of the improvement must be a general one, operating universally." May we venture to suggest, that the worthy editor of the Morning Chronicle need not go about with a lantern to discover this cause?—that it is every where before his very eyes, under his very nose, in the form of the bold, but sagacious and consistent, policy pursued by the present Government?