Yet the great services and abilities of Gladstone as finance minister were everywhere conceded, not only for his skill in figures but for his wisdom in selecting and imposing duties that were acceptable to the country and did not press heavily upon the poor, thus following out the policy which Sir Robert Peel bequeathed. Ever since, this has been the aim as well as the duty of a chancellor of the exchequer whatever party has been in the ascendent.
From this time onward Mr. Gladstone was a pronounced free-trader of the Manchester school. His conscientious studies into the mutual relations of taxation, production, and commerce had convinced him that national prosperity lay along the line of freedom of endeavor. He had taken a great departure from the principles he had originally advocated, which of course provoked a bitter opposition from his former friends and allies. He was no longer the standard-bearer of the conservative party, but swung more and more by degrees from his old policy as light dawned upon his mind and experience taught him wisdom. Perhaps the most remarkable characteristics of this man,--opinionated and strong-headed as he undoubtedly is,--are to be found in the receptive quality of his mind, by which he is open to new ideas, and in the steady courage with which he affirms and stands by his convictions when once he has by reasoning arrived at them. It took thirteen years of parliamentary strife before the Peelites, whom he led, were finally incorporated with the Liberal party.
Mr. Gladstone, now without office, became what is called an independent member of the House, yet active in watching public interests, giving his vote and influence to measures which he considered would be most beneficial to the country irrespective of party. Meantime, the continued mistakes of the war and the financial burdens incident to a conflict of such magnitude had gradually produced disaffection with the government of which Lord Palmerston was the head. The ministry, defeated on an unimportant matter, but one which showed the animus of the country, was compelled to resign, and the Conservatives--no longer known by the opprobrious nickname of Tories--came into power (1858) under the premiership of Lord Derby, Disraeli becoming chancellor of the exchequer and leader of his own party in the House of Commons. But this administration also was short-lived, lasting only about a year; and in June, 1859, a new coalition ministry was again formed under Lord Palmerston, which continued seven years, Mr. Gladstone returning to his old post as chancellor of the exchequer.
Mr. Gladstone was at this time fifty years of age. His political career thus far, however useful and honorable, had not been extraordinary. Mr. Pitt was prime minister at the age of twenty-eight. Fox, Canning, and Castlereagh at forty were more famous than Gladstone. His political promotion had not been as rapid as that of Lord John Russell or Lord Palmerston or Sir Robert Peel. He was chiefly distinguished for the eloquence of his speeches, the lucidity of his financial statements, and the moral purity of his character; but he was not then pre-eminently great, either for initiative genius or commanding influence. Aside from politics, he was conceded to be an accomplished scholar and a learned theologian,--distinguished for ecclesiastical lore rather than as an original thinker. He had written no great book likely to be a standard authority. As a writer he was inferior to Macaulay and Newman, nor had he the judicial powers of Hallam. He could not be said to have occupied more than one sphere, that of politics,--here unlike Thiers, Guizot, and even Lyndhurst and Brougham.
In 1858, however, Gladstone appeared in a new light, and commanded immediate attention by the publication of his "Studies on Homer and the Homeric Age,"--a remarkable work in three large octavo volumes, which called into the controversial field of Greek history a host of critics, like Mr. Freeman, who yet conceded to Mr. Gladstone wonderful classical learning, and the more wonderful as he was preoccupied with affairs of State, and without the supposed leisure for erudite studies. This learned work entitled him to a high position in another sphere than that of politics. Guizot wrote learned histories of modern political movements, but he could not have written so able a treatise as Gladstone's on the Homeric age. Some advanced German critics took exceptions to the author's statements about early Greek history; yet it cannot be questioned that he has thrown a bright if not a new light on the actors of the siege of Troy and the age when they were supposed to live. The illustrious author is no agnostic. It is not for want of knowledge that in some things he is not up to the times, but for a conservative bent of mind which leads him to distrust destructive criticism. Gladstone has been content to present the ancient world as revealed in the Homeric poems, whether Homer lived less than a hundred years from the heroic deeds described with such inimitable charm, or whether he did not live at all. He wrote the book not merely to amuse his leisure hours, but to incite students to a closer study of the works attributed to him who alone is enrolled with the two other men now regarded as the greatest of immortal poets. Gladstone's admiration for Homer is as unbounded as that of German scholars for Dante and Shakspeare. It is hardly to be supposed that this work on the heroic age was written during the author's retirement from office; it was probably the result of his life-studies on Grecian literature, which he pursued with unusual and genuine enthusiasm. Who among American statesmen or even scholars are competent to such an undertaking?
Two years after this, in 1860, Mr. Gladstone was elected Lord Rector of the University of Edinburgh in recognition of his scholarly attainments, and delivered a notable inaugural address on the work of universities.
The chief duty of Mr. Gladstone during his seven years connection with the new coalition party, headed by Lord Palmerston, was to prepare his annual budget, or financial statement, with a proposed scheme of taxation, as chancellor of the exchequer. During these years his fame as a finance minister was confirmed. As such no minister ever equalled him, except perhaps Sir Robert Peel. My limits will not permit me to go into a minute detail of the taxes he increased and those he reduced. The end he proposed in general was to remove such as were oppressive on the middle and lower classes, and to develop the industrial resources of the nation,--to make it richer and more prosperous, while it felt the burden of supplying needful moneys for the government less onerous. Nor would it be interesting to Americans to go into those statistics. I wonder even why they were so interesting to the English people. One would naturally think that it was of little consequence whether duties on some one commodity were reduced, or those on another were increased, so long as the deficit in the national income had to be raised somehow, whether by direct or indirect taxation; but the interest generally felt in these matters was intense, both inside and outside Parliament. I can understand why the paper-makers should object when it was proposed to remove the last protective duty, and why the publicans should wax indignant if an additional tax were imposed on hops; but I cannot understand why every member of the House of Commons should be present when the opening speech on the budget was to be made by the chancellor, why the intensest excitement should prevail, why members should sit for five hours enraptured to hear financial details presented, why every seat in the galleries should be taken by distinguished visitors, and all the journals the next day should be filled with panegyrics or detractions as to the minister's ability or wisdom.
It would seem that no questions concerning war or peace, or the extension of the suffrage, or the removal of great moral evils, or promised boons in education, or Church disestablishment, or threatened dangers to the State,--questions touching the very life of the nation,--received so much attention or excited so great interest as those which affected the small burdens which the people had to bear; not the burden of taxation itself, but how that should be distributed. I will not say that the English are "a nation of shopkeepers;" but I do say that comparatively small matters occupy the thoughts of men in every country outside the routine of ordinary duties, and form the staple of ordinary conversation,--among pedants, the difference between ac and et; among aristocrats, the investigation of pedigrees; in society, the comparative merits of horses, the movements of well-known persons, the speed of ocean steamers, boat-races, the dresses of ladies of fashion, football contests, the last novel, weddings, receptions, the trials of housekeepers, the claims of rival singers, the gestures and declamation of favorite play-actors, the platitudes of popular preachers, the rise and fall of stocks, murders in bar-rooms, robberies in stores, accidental fires in distant localities,--these and other innumerable forms of gossip, collected by newspapers and retailed in drawing-rooms, which have no important bearing on human life or national welfare or immortal destiny. It is not that the elaborate presentations of financial details for which Mr. Gladstone was so justly famous were without importance. I only wonder why they should have had such overwhelming interest to English legislators and the English public; and why his statistics should have given him claims to transcendent oratory and the profoundest statesmanship,--for it is undeniable that his financial speeches brought him more fame and importance in the House of Commons than all the others he made during those seven years of parliamentary gladiatorship. One of these triumphantly carried through Parliament a commercial reciprocity treaty with France, arranged by Mr. Cobden; and another, scarcely less notable, repealed the duty on paper,--a measure of great importance for the facilitation of making books and cheapening newspapers, but both of which were desperately opposed by the monopolists and manufacturers.
Some of Mr. Gladstone's other speeches stand on higher ground and are of permanent value; they will live for the lofty sentiments and the comprehensive knowledge which marked them,--appealing to the highest intellect as well as to the hearts of those common people of whom all nations are chiefly composed. Among these might be mentioned those which related to Italian affairs, sympathizing with the struggle which the Italians were making to secure constitutional liberty and the unity of their nation,--severe on the despotism of that miserable king of Naples, Francis II., whom Garibaldi had overthrown with a handful of men. Mr. Gladstone, ever since his last visit to Naples, had abominated the outrages which its government had perpetrated on a gallant and aspiring people, and warmly supported them by his eloquence. In the same friendly spirit, in 1858, he advocated in Parliament a free constitution for the Ionian islands, then under British rule; and when sent thither as British commissioner he addressed the Senate of those islands, at Corfu, in the Italian language. The islands were by their own desire finally ceded to Greece, whose prosperity as an independent and united nation Mr. Gladstone ever had at heart. The land of Homer to him was hallowed ground.
On one subject Mr. Gladstone made a great mistake, which he afterward squarely acknowledged,--and this was in reference to the American civil war. In 1862, while chancellor of the exchequer, he made a speech at Newcastle in which he expressed his conviction that Jefferson Davis had "already succeeded in making the Southern States of America [which were in revolt] an independent nation." This opinion caused a great sensation in both England and the United States, and alienated many friends,--especially as Earl Russell, the minister of foreign affairs, had refused to recognize the Confederate States. It was the indiscretion of the chancellor of the exchequer which disturbed some of his warmest supporters in England; but in America the pain arose from the fact that so great a man had expressed such an opinion,--a man, moreover, for whom America had then and still has the greatest admiration and reverence. It was feared that his sympathies, like those of a great majority of the upper classes in England at the time, were with the South rather than the North, and chiefly because the English manufacturers had to pay twenty shillings instead of eight-pence a pound for cotton. It was natural for a manufacturing country to feel this injury to its interests; but it was not magnanimous in view of the tremendous issues which were at stake, and it was inconsistent with the sacrifices which England had nobly made in the emancipation of her own slaves in the West Indies. For England to give her moral support to the revolted Southern States, founding their Confederacy upon the baneful principle of human slavery, was a matter of grave lamentation with patriots at the North, to say nothing of the apparent English indifference to the superior civilization of the free States and the great cause to which they were devoted in a struggle of life and death. It even seemed to some that the English aristocracy were hypocritical in their professions, and at heart were hostile to the progress of liberty; that the nation as a whole cared more for money than justice,--as seemingly illustrated by the war with China to enforce the opium trade against the protest of the Chinese government, pagan as it was.