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"The History of England in Three Volumes, Vol.III. From George III. to Victoria"

It
suited the purpose of Bute, however, to raise the laugh of incredulity
as to the declaration of war by Spain, questioning, at the same time,
the real meaning of the treaty entered into between the two Bourbons.
The other members of the cabinet also--Lord Temple excepted--pronounced
the measures proposed by Pitt too precipitate, and he had no alternative
but to resign; especially as he found, also, that the king was adverse
to his schemes. Accordingly, on the 6th of October, Pitt delivered
up his seals to the king, which his majesty received with ease and
firmness, but without requesting him to resume them. The monarch,
notwithstanding, lamented to him the loss of so valuable a servant,
while he declared that even if his cabinet had been unanimous for war
with Spain, he should have found great difficulty in consenting to such
a measure. Pitt was affected by the kind, yet dignified, behaviour of
the young king. "I confess, sire," said he, with emotion, "I had but
too much reason to expect your majesty's displeasure: I did not come
prepared for this exceeding goodness: pardon me, sir; it overpowers,--it
oppresses me."
Pitt retired with a pension of L3,000 per annum, which was to be
continued for three lives. The peerage was offered him, but he declined
it personally, accepting it only for his wife and her issue. He was
succeeded in office by Lord Egremont, son of the great Tory, Sir William
Wyndam. At the same time Lord Temple retired from office, and the privy
seal was given to the Duke of Bedford.


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