AFTER prolonged negotiations, during which the actions of Buonaparte gave rise to much suspicion, and the enthusiasm over the peace began to cool, the Definitive Treaty was signed in April at Amiens. The army and navy received the thanks of Parliament; the militia and fencibles were disbanded; and the reduction of the regular troops to a peace footing was announced. "At Amiens," said Napoleon afterwards, "I believed in truth that the fate of France and of Europe, as well as my own, were fixed. The wars once over, I meant to give myself up entirely to the affairs of France, and I believe I should have worked wonders (enfanté des prodigues)."
The Definitive Treaty.
The Budget, which was framed with Pitt's full approval, was introduced late in the year -- on 5th April -- on account of the uncertainty attending the final negotiations, and the doubt whether the nation would have to provide for a war or for a peace establishment. Even then, Addington contented himself with enumerating the sums already voted for army, navy, ordnance, and miscellaneous services, which provided only for five months of the year, leaving the other seven unestiniated for -- merely assuring the House that every retrenchment practicable would be made.1
Its chief interest was the immediate repeal of the obnoxious Income Tax. Experience of its working does not seem to have made it any more popular. Pitt, indeed, did not cease to maintain that it was founded on " a principle which no man had yet by any solid argument disputed." But it was resented by many even as a temporary tax for an emergency. At any rate, nothing, it was thought, could excuse it but actual war, and,
Repeal of Income Tax.
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Publication information: Book title: Economic Annals of the Nineteenth Century. Contributors: William Smart - Author. Publisher: MacMillan. Place of publication: London. Publication year: 1910. Page number: 52.