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" "You can hardly form to yourself an idea of the labour I have gone through; but I am repaid by the maintenance of peace, which is all this country has to desire. We shall now, I hope, for a very long period indeed enjoy this blessing, and cultivate a situation of prosperity unexampled in our history. The state of our commerce, our revenue, and, above all, that of our public funds, is such as to hold out ideas which but a few years ago would indeed have appeared visionary, and which there is now every hope of realizing.
William Wyndham Grenville, 1st Baron Grenville PC PCi FRS (25 October 1759 – 12 January 1834) was a British Pittite Tory politician who served as Prime Minister of the United Kingdom from 1806 to 1807, but was a supporter of the Whigs for the duration of the Napoleonic Wars. As prime minister, his most significant achievement was the abolition of the slave trade in 1807. However, his government failed to either make peace with France or to accomplish Catholic emancipation and it was dismissed in the same year.
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The assertion of the House of Commons, in which their lordships committee had unanimously concurred, was, that they were satisfied there was a design now openly professed and acted upon, which aimed at nothing less than a traitorous conspiracy for the subversion of the established laws and constitution of the kingdom, and to introduce that system of anarchy and confusion which had fatally prevailed in France; and he was sorry to say, that this had not been discouraged, on the contrary it had been encouraged in many instances, and that at a time when we were at war for the maintenance of every thing that was dear to us, and to every civilized nation in the world. From the first moment that those who brought on the revolution in France found themselves strong enough to avow their real principles and designs, their mischievous system commenced, and they began to disturb this and other countries, under the name of reform.
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We in truth formed our opinions on the subject together, and I was not more convinced than you were of the soundness of Adam Smith's principles of political economy till Lord Liverpool lured you from our arms into all the mazes of the old system.
I am confident that provisions, like every other article of commerce, if left to themselves, will and must find their level; and that every attempt to disturb that level by artificial contrivances has a necessary tendency to increase the evil it seeks to remedy.