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" "[T]hat Chancellor of the Exchequer is the very man who comes down to corrupt whatever there is of financial virtue in us, and to instil into our minds those seductive and poisonous ideas that it does not, after all, matter very much if there is a deficit, and that it is extremely disagreeable when commerce is not in the most flourishing state to call upon the people to pay. Was that the practice of Sir Robert Peel? ... he came to Parliament and stood at his place in the House of Commons, pointed out the figures as they stood, and said to them—I ask you, will you resort to the "miserable expedient" of tolerating deficit, and of making provision by loans from year to year? That which he denounced as the "miserable expedient" has become the standing law, has become almost the financial gospel of the Government that is now in power.
William Ewart Gladstone (29 December 1809 – 19 May 1898) was a British Liberal politician and Prime Minister (1868–1874, 1880–1885, 1886 and 1892–1894). He was a notable political reformer, known for his populist speeches, and was for many years the main political rival of Benjamin Disraeli.
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The only means which have been placed in my power of "raising the wages of colliers" has been by endeavouring to beat down all those restrictions upon trade which tend to reduce the price to be obtained for the product of their labour, & to lower as much as may be the taxes on the commodities which they may require for use or for consumption. Beyond this I look to the forethought not yet so widely diffused in this country as in Scotland, & in some foreign lands; & I need not remind you that in order to facilitate its exercise the Government have been empowered by Legislation to become through the Dept. of the P.O. the receivers & guardians of savings.
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Do you suppose that we are ignorant that, in every contested election that has happened since the case of Mr. Bradlaugh came up, you have gained votes and we have lost them? You are perfectly aware of it. We are no less aware of it. But, if you are perfectly aware of it, is not some credit to be given to us who are giving you the same under circumstances rather more difficult — is not some credit to be given to us for presumptive integrity and purity of motive? Sir, the Liberal Party has suffered, and is suffering, on this account. It is not the first time in its history. It is the old story over again. In every controversy that has arisen about the extension of religious toleration, and about the abatement and removal of disqualifications, in every controversy relating to religious toleration and religious disabilities, the Liberal Party has suffered before, and it is now, perhaps, suffering again; and yet it has not been a Party which, upon the whole, has had, during the last half century, the smallest or the feeblest hold upon the affections and approval of the people. Who suffered from the Protestantism of the country? It was that Party — with valuable aid from individuals, but only individuals, who forfeited their popularity on that account — it was that Party who fought the battle of freedom in the case of the great Roman Catholic controversy, when the name of Protestantism was invoked with quite as great effect as the name of Theism is now, and the Petitions poured in quite as freely then as at present. Protestantism stood the shock of the Act of 1829. Then came on the battle of Christianity, and the Christianity of the country was said to be sacrificed by the Liberal Party. There are Gentlemen on the other side of the House who seem to have forgotten all that has occurred, and who are pluming themselves on the admission of Jews into Parliament, as if they had not resisted it with perfect honesty — I make no charge against their honour, and impute no unworthy motive — as if they had not resisted it with quite as much resolution as they are exhibiting on the present occasion. Sir, what I hope is this — that the Liberal Party will not be deterred, by fear or favour, from working steadily onward in the path which it believes to be the path of equity and justice. There is no greater honour to a man than to suffer for what he thinks to be righteous; and there is no greater honour to a Party than to suffer in the endeavour to give effect to the principles which they believe to be just.