But during the happier years of Mr Pitt, the influence of the mind of Shelburne may be traced throughout his policy. It was Lansdowne House that made Pitt acquainted with Dr Price, a dissenting minister, whom Lord Shelburne when at the head of affairs courageously offered to make his private secretary, and who furnished Mr Pitt, among many other important suggestions, with his original plan of the sinking fund. The commercial treaties of ‘87 were struck in the same mint, and are notable as the first effort made by the English government to emancipate the country from the restrictive policy which had been introduced by the “glorious revolution;” memorable epoch, that presented England at the same time with a corn law and a public debt. But on no subject was the magnetic influence of the descendant of Sir William Petty more decided, than in the resolution of his pupil to curb the power of the patrician party by an infusion from the middle classes into the government of the country. Hence the origin of Mr Pitt’s famous and long-misconceived plans of parliamentary reform. Was he sincere, is often asked by those who neither seek to discover the causes nor are capable of calculating the effects of public transactions. Sincere! Why, he was struggling for his existence! And when baffled, first by the Venetian party, and afterwards by the panic of Jacobinism, he was forced to forego his direct purpose, he still endeavoured partially to effect it by a circuitous process. He created a plebeian aristocracy and blended it with the patrician oligarchy. He made peers of second-rate squires and fat graziers. He caught them in the alleys of Lombard Street, and clutched them from the counting-houses of Cornhill. When Mr Pitt in an age of bank restriction declared that every man with an estate of ten thousand a-year had a right to be a peer, he sounded the knell of “the cause for which Hampden had died on the field, and Sydney on the scaffold.”
In ordinary times the pupil of Shelburne would have raised this country to a state of great material prosperity, and removed or avoided many of those anomalies which now perplex us; but he was not destined for ordinary times; and though his capacity was vast and his spirit lofty, he had not that passionate and creative genius required by an age of revolution. The French outbreak was his evil daemon: he had not the means of calculating its effects upon Europe. He had but a meagre knowledge himself of continental politics: he was assisted by a very inefficient diplomacy. His mind was lost in a convulsion of which he neither could comprehend the causes nor calculate the consequences; and forced to act, he acted not only violently, but in exact opposition to the very system he was called into political existence to combat; he appealed to the fears, the prejudices, and the passions of a privileged class, revived the old policy of the oligarchy he had extinguished, and plunged into all the ruinous excesses of French war and Dutch finance.