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With all these multiform difficulties the new minister grappled with unflinching courage, and with conspicuous success. Peace was preserved abroad, and financial prosperity was restored at home. Into the details of his measures devised for this last-mentioned object, though the leading features of his administration, and those on which his fame chiefly rests, it would be beside the purpose of the present work to enter. It is sufficient to say here that, in the spirit of Pitt's great financial reform of 1787, he revised the whole of the import duties of our commercial tariff, especially reducing the duties on raw material;[261] making up the deficiency so caused by an income tax, which he described as a temporary imposition, since he doubted not that the great increase of lawful trade, which would be the consequence of the reduction of duties, would soon enable the revenue to dispense with a tax to the objections of which he was not blind. In recommending this great change to the House, he laid down as the soundest maxim of financial legislation, in which "all were now agreed, the principle that we should buy in the cheapest market and sell in the dearest," a doctrine which, when more fully carried out, as it was sure to be, led almost inevitably to the great measure for which his administration is most celebrated, the repeal of the Corn-laws. There could be no doubt that, in the most modified application of it, it struck at the root of the principle of protection, which had hitherto been the fundamental principle of our finance, and made a farther extension of it inevitable.

And, as he had been one of the leading members of the ministry which carried Catholic Emancipation, so he now proceeded on the same path of religious toleration; and, in the session of 1844, successfully recommended to the House of Commons a bill which had already been passed by the Lords, repealing a number of penal acts affecting the Roman Catholics, which, though they had long been practically obsolete, still encumbered, and it may be said disgraced, the statute book, and were, so to say, a standing degradation of and insult to the Roman Catholic body. One of them, passed in the reign of William and Mary, still forbade any Roman Catholic to come within ten miles of London, to have either sword or pistol in his house, or to possess a horse worth more than five pounds. Another, enacted under Elizabeth, still made every Roman Catholic who omitted to take certain oaths guilty of high-treason, though no attempt to administer those oaths had been made since the Revolution. Another, of the time of Charles I., deprived any Roman Catholic who should send his son to a foreign school of all protection of the law; he could neither sue nor defend an action. It may fairly be said that the credit of Parliament and of the nation was concerned in the abrogation of laws so ridiculously oppressive, and not the less obnoxious for being practically invalid. And in the same spirit another measure was framed and carried by the Lord Chancellor, whose object was the confirmation of religious endowments belonging to different sects of Protestant Dissenters, and their protection from vexatious and unjust litigation, by making a continued possession of any kind of endowment or property for twenty years a valid title.

These enactments may be regarded as indispensable supplements to the repeal of the Test Act and Catholic Emancipation. They were the coping-stone of the great edifice of religious toleration, of which the former acts had laid the foundation. And the next year Peel carried out still farther the same principle, by a measure which could not fail to be regarded as an especial boon in Ireland, since the great majority of the population of that kingdom were of the Roman Catholic persuasion. It has been seen that when the troubled state into which the Continent was thrown by the French Revolution threw hinderances in the way of the Irish students designed for the Roman Catholic priesthood going to one of the great Continental colleges, such as St. Omer or Salamanca, for their education, Pitt established for them a college at Maynooth, for the endowment of which Parliament was annually asked for a grant of about L9000. The sum had long been felt to be altogether inadequate to the requirements of the foundation. As early as the year 1807, Lord Liverpool, then Home-secretary, had contemplated a large increase of the grant, though the weakness of the government, then presided over by the Duke of Portland, prevented him from carrying out that and other measures which he had conceived in a kindred spirit. Moreover, the grant was rarely proposed without giving rise to a warm debate raised by a party whose too tender consciences forbade them to sanction any measure appearing to foster a religion from which they dissented. And to remedy the two evils (the one arising from the want of a sufficient provision, the other from the spirit of religious controversy, for which the House of Commons was certainly very ill-calculated), Peel, in 1845, proposed to treble the grant, so as to put the college on a more satisfactory footing, by providing sufficient incomes for the professors, and a revenue adequate to the respectable maintenance of an increased number of pupils; and also to place the charge for the future on the Consolidated Fund, by which step its yearly discussion in Parliament would be altogether avoided. The measure was vigorously resisted, partly on the religious ground already mentioned, and partly by an argument, urged with some plausibility, that the design with which the college had originally been founded had not been realized; that, in fact, it had not proved a benefit to the country, but rather the reverse, by tempting into the service of the Roman Catholic Church a humbler and poorer class of students than could devote themselves to it when the preliminary education involved the expense of a protracted residence in a foreign country. But the obvious advantages of the change prevailed over these considerations, and the bill was carried by large majorities.[262]

And now that the long cessation of controversy on the subject-which, indeed, has been not the least beneficial fruit of this bill of 1845-permits a candid consideration of it in all its bearings, it will probably be thought that Parliament had not often come to a wiser decision, one more dictated by judicious liberality of sentiment, and more imperatively required on every ground of statesman-like policy. If the countervailing objections and advantages be calmly weighed, it may almost be said that there was no alternative between enlarging the endowment and putting it on a new footing, or suppressing the college altogether. In its existing condition it was notoriously inadequate to fulfil the design of its founder; and any establishment visibly inadequate to its design tends to bring the design itself into some degree of contempt. Yet even if it should be granted that there might have been no fair ground of complaint if the college had never been founded, to close it after its benefits, however scanty, had been enjoyed for half a century, could not fail to have been regarded as an unpardonable injustice and injury. The other alternative, therefore, was practically the only one that remained; and in embracing it Peel was but carrying out the original principle on which the college was founded. It had been intended to be efficient; through lack of means it had proved inefficient. The obvious and just remedy was to supply such increased means as to create or bestow the efficiency originally aimed at. And it was a felicitous idea to place the charge for the future on such a footing as to combine with such an increase an avoidance of the irritation which its yearly discussion had never failed to excite.