—immensum spatiis confecimus aequor,
Et jam tempus equum fumantia solvere colla.

"These are the proposals of the Government. They may be approved or they may be condemned, but I have at least this full and undoubting confidence, that it will on all hands be admitted that we have not sought to evade the difficulties of our position; that we have not concealed those difficulties, either from ourselves or from others; that we have not attempted to counteract them by narrow or flimsy expedients; that we have prepared plans which, if you will adopt them, will go some way to close up many vexed financial questions—questions such as, if not now settled, may be attended with public inconvenience, and even with public danger, in future years and under less favorable circumstances; that we have endeavored, in the plans we have now submitted to you, to make the path of our successors in future years not more arduous but more easy; and I may be permitted to add that, while we have sought to do justice, by the changes we propose in taxation, to intelligence and skill as compared with property—while we have sought to do justice to the great laboring community of England by furthering their relief from indirect taxation, we have not been guided by any desire to put one class against another. We have felt we should best maintain our own honor, that we should best meet the views of Parliament, and best promote the interests of the country, by declining to draw any invidious distinctions between class and class, by adapting it to ourselves as a sacred aim to differ and distribute—burden if we must, benefit if we may—with equal and impartial hand; and we have the consolation of believing that by proposals such as these we contribute, as far as in us lies, not only to develop the material resources of the country, but to knit the hearts of the various classes of this great nation yet more closely than heretofore to that throne and to those institutions under which it is their happiness to live."

It is seldom that a venture of such magnitude as Mr. Gladstone's first budget meets with universal success. But from the outset the plan was received with universal favor. Besides the plaudits with which the orator was greeted at the conclusion of his speech, his proposals were received favorably by the whole nation. Being constructed upon Free Trade principles, it was welcomed by the press and the country. It added greatly, not only to the growing reputation of the new Chancellor of the Exchequer as a financier, but also to his popularity.

The following anecdote of Mr. Gladstone is told by Walter Jerrold and is appropriate as well as timely here:

"During Mr. Gladstone's first tenure of office as Chancellor of the Exchequer, a curious adventure occurred to him in the London offices of the late Mr. W. Lindsay, merchant, shipowner and M.P. There one day entered a brusque and wealthy shipowner of Sunderland, inquiring for Mr. Lindsay. As Mr. Lindsay was out, the visitor was requested to wait in an adjacent room, where he found a person busily engaged in copying some figures. The Sunderland shipowner paced the room several times and took careful note of the writer's doings, and at length said to him, 'Thou writes a bonny hand, thou dost.'

"'I am glad you think so,' was the reply.

"'Ah, thou dost. Thou makes thy figures weel. Thou'rt just the chap I want.'

"'Indeed!' said the Londoner.

"'Yes, indeed,' said the Sunderland man. 'I'm a man of few words. Noo, if thou'lt come over to canny ould Sunderland thou seest I'll give thee a hundred and twenty pounds a year, and that's a plum thou dost not meet with every day in thy life, I reckon. Noo then.'

"The Londoner replied that he was much obliged for the offer, and would wait till Mr. Lindsay returned, whom he would consult upon the subject. Accordingly, on the return of the latter, he was informed of the shipowner's tempting offer.