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Updated: June 22, 2025
He was one of the few of his day who saw that the glory of a country consists not in its armies and exchequers, but in the religious and moral enlightenment of its people; and to that glory his own life was, and remains still, a noble contribution.
Thus while both those Powers were perpetually exhausting their resources and draining their exchequers with costly wars, England, free from any similar strain, was rapidly growing in wealth; and while the national expenditure was kept comparatively low, manufactures were multiplied, and the commerce which was driven by the stress of war from the great trade-centres of the Netherlands was being absorbed by English ports.
The amalgamation of the two Exchequers and the financial re-arrangements that followed, put an end to the accurate record of exports and imports until quite recently, but the increase during the early years of the Union and also over the whole country is unmistakable. The average annual value of Irish exports at the time of the Union was, according to Mr. Chart. £4,000,000.
The general, therefore, temporised; content, in the meantime, with draining the exchequers of the governments, and cajoling from day to day the population. The Directory were with difficulty persuaded to let him follow his own course; but he now despised their remonstrances, and they had been taught effectually to dread his strength.
"And looks grave, and holds his head high, and scorns his old companions," said the mercer. "Then he hath prospered, I warrant him," said Lambourne; "for ever when a man hath got nobles of his own, he keeps out of the way of those whose exchequers lie in other men's purchase." "Prospered, quotha!" said the mercer; "why, you remember Cumnor Place, the old mansion-house beside the churchyard?"
His own notion about commerce was that he could "make it manoeuvre like a regiment"; and this military conception of trade led him to entertain the fond hope that exchequers benefited by confiscation and prohibitive tariffs, that a "national commerce" could be speedily built up by cutting off imports, and that the burden of loss in the present commercial war fell on England and not on the continental consumer.
This affair being discussed, a bill was brought in for vesting in trustees the forfeited estates in Britain and Ireland, to be sold for the use of the public; for giving relief to lawful creditors by determining the claims, and for the more effectual bringing into the respective exchequers the rents and profits of the estates till sold.
In 1815, there died at Les Aigues one of the famous wantons of the last century, a singer, forgotten of the guillotine and the nobility, after preying upon exchequers, upon literature, upon aristocracy, and all but reaching the scaffold; forgotten, like so many fascinating old women who expiate their golden youth in country solitudes, and replace their lost loves by another, man by Nature.
Levies of troops were beginning in the city, and the command of the forces was offered to the Prince of Conti; the Dukes of Bouillon and Beaufort and Marshal de la Mothe likewise embraced the party of revolt; the Duchesses of Longueville and Bouillon established themselves with their children at the Hotel de Ville as hostages given by the Fronde of princes to the Fronde of the people; the Parliaments of Aix and Rouen made common cause with that of Paris; a decree ordered the seizure, in all the exchequers of the kingdom, of the royal moneys, in order that they might be employed for the general defence.
It makes no allowance also for the debt which Ireland brought into the Union when the Exchequers were amalgamated in 1817.
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