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See also:EARL OF See also: Although perhaps it was inevitable that England should sooner or later adopt the See also:continental custom of lightening the See also:annual See also:taxation in times of See also:war by contracting a See also:national See also:debt, the, actual introduction of the expedient was due to Montague, who on the 15th of See also:December 1692 proposed to raise a million of See also:money by way of See also:loan . Previous to this the Scotsman William See also:Paterson (q.v.) had submitted to the See also:government his See also:plan of a national See also:bank, and when in the See also:spring of 1694 the prolonged contest with See also:France had rendered another large loan absolutely necessary, Montague introduced a bill for the See also:incorporation of the Bank of England . The bill after some opposition passed the House of Lords in May, and immediately after the See also:prorogation of See also:parliament Montague was rewarded by the chancellorship of the See also:exchequer . In 1695 he was triumphantly returned for the See also:borough of Westminster to the new parliament, and succeeded in passing his celebrated measure to remedy the depreciation which had taken See also:place in the currency on See also:account of dishonest manipulations . To provide for the expense of recoinage, Montague, instead of reviving the old tax of See also:hearth money, introduced the window tax, and the difficulties caused by the temporary See also:absence of a metallic currency were avoided by the issue for the first time of exchequer bills . His other expedients for See also:meeting the emergencies of the financial crisis were equally successful, and the rapid restoration of public See also:credit secured him a commanding influence both in the House of Commons and at the See also:board of the treasury; but although Godolphin resigned See also:office in See also:October 1696, the king hesitated for some time between Montague and Sir See also:Stephen See also:Fox as his successor, and it was not till 1697 that the former was appointed first See also:lord . In 1697 he was accused by .Charles Duncombe, and in 1698 by a See also:Col . See also:Granville, of See also:fraud, but both charges See also:broke down, and Duncombe was shown to have been guilty of extreme dishonesty himself . In 1698 and 1699 he acted as one of the council of regency during the king's absence from England . With the See also:accumulation of his political successes his vanity,. and arrogance became, however, so offensive that latterly they utterly lost him the influence he had acquired by his administrative ability and his masterly eloquence; and when his power began to be on the wane he set the See also:seal to his political overthrow by conferring the lucrative See also:sinecure office of auditor of the exchequer on his See also:brother in See also:trust for himself should he be compelled to retire from power . This See also:action earned him the offensive See also:nickname of " Filcher," and for some time afterwards, in attempting to See also:lead the House of Commons, he had to submit to See also:constant mortifications, often verging on See also:personal insults . After the return of the king in 1699 he resigned his offices in the government and succeeded his brother in the auditorship . On the See also:accession of the Tories to power he was removed in 1701 to the House of Lords by the See also:title of Lord See also:Halifax . In the same year he was impeached for malpractices along with Lord See also:Somers and the earls of See also:Portland and See also:Oxford, but all the charges were dismissed by the Lords; and in 1703 a second See also:attempt to impeach him was still more unsuccessful . He continued out of office during the reign of Queen See also:Anne, but in 1706 he was named one of the commissioners to negotiate the See also:union with See also:Scotland; and after the passing of the See also:Act of See also:Settlement in favour of the house of See also:Hanover, he was appointed See also:ambassador to the elector's See also:court to convey the insignia of See also:order of the garter to George I . On the death of Anne (1714) he was appointed one of the council of regency until the arrival of the king from Hanover; and after the coronation he received the office of first lord of the treasury in the new See also:ministry, being at the same time created earl of Halifax and See also:Viscount See also:Sunbury . He died on the 19th of May 1715 and left no issue . He was buried in the vault of the See also:Albemarle See also:family in Westminster See also:Abbey . His See also:nephew George (d . 1739) succeeded to the See also:barony, and was created Viscount Sunbury and earl of Halifax in 1715 . Montague's association with Prior in the See also:travesty of Dryden's See also:Hind and Panther has no doubt largely aided in preserving his literary reputation; but he is perhaps indebted for it chiefly to his subsequent influential position and to the fulsome flattery of the men of letters who enjoyed his friendship, and who, in return for his liberal donations and the splendid banqueting which they occasionally enjoyed at his See also:villa cm the See also:Thames, " fed him," as See also:Pope says, " all See also:day See also:long with dedications." See also:Swift says he gave them nothing but " See also:good words, and good dinners." That, however, his beneficence to needy See also:talent, if sometimes attributable to an itching See also:ear for adulation, was at others prompted by a sincere appreciation of intellectual merit, is sufficiently attested by the manner in which he procured from Godolphin a commissionership for See also:Addison, and also by his See also:life-long intimacy with Newton, for whom he obtained the mastership of the See also:mint . The small fragments of See also:poetry which he left behind him, and which were almost solely the composition of his See also:early years, display a certain facility and vigour of diction, but their thought and See also:fancy are never more than See also:commonplace, and not unfrequently in striving to be eloquent and impressive he is only grotesquely and extravagantly absurd . In administrative talent he was the See also:superior of all his contemporaries, and his only See also:rival in See also:parliamentary eloquence was Somers; but the skill with which he managed See also:measures was superior to his tact in dealing with men, and the effect of his brilliant financial successes on his reputation was gradually almost nullified by the affected arrogance of his manner and by the eccentricities of his sensitive vanity . So eager latterly was his thirst for fame and power that perhaps See also:Marlborough did not exaggerate when he said that "he had no other principle but his ambition, so that he would put all in See also:distraction rather than not gain his point." Among the numerous notices of Halifax by contemporaries may be mentioned the eulogistic reference which concludes Addison's account of the " greatest of English poets "; the dedications by See also:Steel to the second See also:volume of the Spectator and to the fourth of the 7'atler; Pope's laudatory mention of him in the See also:epilogue to his Satires and in the See also:preface to the Iliad, and his portrait of him as " Full-blown Bufo " in the Epistle to See also:Arbuthnot . Various allusions to him are to be found in Swift's See also:works and in Marlborough's Letters . See also See also:Burnet's History of his Own Times; The Parliamentary History; See also:Howell's See also:State Trials; Johnson's Lives of the Poets; and See also:Macaulay's History of England . His See also:Miscellaneous Works were published at See also:London in 1704; his Life and Miscellaneous Works in 1715; and his Poetical Works, to which also his " Life " is attached, in 1716 . His poems were reprinted in the 9th volume of Johnson's English Poets . |
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