But the Constitution which my right honorable friend worships
is a very different affair."
In 1860, Mr. Gladstone was elected Lord Rector of Edinburgh University,
and the degree of LL.D. was conferred upon him.
Mr. Gladstone, in 1861, introduced one of his most beneficial
measures--a bill creating the Post Office Savings Bank. The success of
the scheme has gone beyond all expectation. At the close of 1891, the
amount deposited was L71,608,002, and growing at the average rate of
over L4,000,000 annually.
Mr. Gladstone's financial measures for 1862, while not involving such
momentous issues as those of the preceding year, nevertheless
encountered considerable opposition. The budget was a stationary one,
with no surplus, no new taxes, no remission of taxes, no
heavier burdens.
In October, 1862, Mr. and Mrs. Gladstone made a journey down the Tyne,
which is thus described: "It was not possible to show to royal visitors
more demonstrations of honor than were showered on the illustrious
Commoner and his wife.... At every point, at every bank and hill and
factory, in every opening where people could stand or climb, expectant
crowds awaited Mr. Gladstone's arrival. Women and children, in all
costumes and of all conditions, lined the shores .
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