The Statesman.
London, England, 1810-09-14 00:00:00

la afterwards what we !save to pay yearly in the
shape of interest, which is the thing that touches its
Ito.ne-s bet, let us first see whit the piineipig 1.,
and kora it' isas gone on increasing ; bearing its
wiind, that as was shown in a foregoing Iciter,,
the boitowing, and, of course,. the lleht, began ip
the 1692, in the reign of William the Dtird,
Ind that the loan made iu that year amounted to
one million of pounds.
When Qcces ANNE, who succeeded Wil-
liam, came to the threat, which will in the
Ncar S. )1, the debt si,e,
Viten ti &anon I. came to the eirtine, in 1711,
it was
IV leen (I.:onGj 11. came to the throne, in 1727,
it via,
When aroacts 111. came to the throne, in
1730, it Mai
i(teethe AIRCRIeMe WAR. in 17A1, it-was
t the latter /CND OrTIOR LAST wail ; that is
to say, the first war a*alnst the French Ite-
vilutionisi% and which, for the &Ate of hav-
ing a distinctive riepellatiuti, we will call the
ANTI-JAMBI.% WAR : at the end of that
vrar, in 5801, the Debt was
At the rsetats suss ; •r, rather in January
.last -

arie.*.ice

51,145,563

59442.233

1.18.V2.811
231,21%013

579,934114
11114116,0811

That is to say, eight hundred and
.eleren
Vans, eight hundred and ninety-eight thousand,
and eighty-two ; and these in pounds, in English
pounds, too ! There are, in the accounts,- Isid
before Parliament (from which the last.meetintied
sum is taken) some shillings and pence and oven
FARTHINGS, in addition ; bit though these
ai,rouutasita ha►e been so nice, we will.uot mind
a few farthings. Part of this Debt is what is called
funded, and a part unfunded; part is called Irish
Debt, part Emperor of Germany's Debt, and an-
other part of the Prince Regent of Portn.gal's. Out,
interest upon the whole of it is payable in
land; and that is all tbat we have to look after;
it being of no consequence to us wbat.the thing is
so that we haoc to pay fur it. So that weave
taxed to pay the interest of it, what matters it to
its what names the several pants of it may go by I
I hope, that there is nut, at this day, a man amongst
you, who is to be amused with empty sounds:" l
hope, that your winds are not now-a-days, after
all that you have seen, to be led away from the ob-
ject before them by any repetition of mere names.
So long as we are taxed to pay the interest upon
the Debt, that man must be exceedingly weak,
who is to be made to believe, that it is of any con-
seqwence to ivy of us by what name that debt is
called.•

Such, then, has been the progress of the Na.
tiviial Debt ; and, it is well oorthy of our atteu-
tion, that it has increased in an increasing propor-
tion. it is now nearly six limes as great as it was
when the present King came to the throne; and,
which ought to be well -attended to, more than
two-thirds of the whole of the Debt has been con.
tracted in carryiug on, against the Fcetich, that
war, which, at its commencement, was to succeed
by means of raining the finance: of France. When
the Awn-Yaws', WAR began, is 1793, theDobt
41.
was, at the utmost, e 2573,043. It is now
0ff811,898,082. Such has, thus far, been ttw 6112(1-
°4l effect; such has been the effect, as to money.
matters, of the wars against the Jacobins. Hun
many times *ere wu told, that it reqnired hut one
more campaign ; one more; only one more rigo-
rous campaign, to put an end to the war ; to tie.
stroy, to annihilate, for ever, tho -resources of
France. Alas ! those resources have not been de.
)troyed. They have increased in a fearful degree);
while we have accumulated hundreds of millions of
jpobt in the attempt. igow many writers have fah.
Simi us, from time to time, with the hope, nay,
the certainty (if we would but persevere) of
triumphing over the Frqnch, by the means of oar
rhisesi 'To how many of these deceivers have we
boon so foolish as to listen! -It is this credulity,
which has led to the present state of things; 'sad
uuless we shake it off at once, and resolve to look
our dangers in the face, we shall, I greatly fear,
experience that fate which our deceivers told us
would be eaperienced by our enemy. PITT, it is
well known, grew into favour with the nation in
conaequesce or his promises and his plans to pay
•J the National Dobt ; and, this same l'irr; who
found that Debt 257 millions, left it upwards of
600 millions, after having, for twenty years, had
the full power of managing all the resources of the
nation ; after having, for nearly the whole of that
time, bad the support of three fourths, if not morel
of the Members of the !-louse of Commons; 'after
having, of .course, adopted whatever measures lie
thought proper, during the whole of 'that time. He.
found the Debt treo hundred and fifty odd milliotis
and he left it six hundred and fifty odd. This was
what was done for England by that PITT, whose
own private debts the people had to pay, besides
the expeuee of a monument to Ida memory ! This is
what every man in England-shoukl bear constantly
in his mind. -
Having now seen hate the National Debt has in.
creased, let us next see how the EXPENUES of
the Nation have increased; and, then take a look
et the increase of the TAXES; for, in order to be
Sble to foriiia correct opinion upon the main points,
touched upon by the Bullion Committee, we must
have a full view, not only of the Debt, but of the
X. :pence: and the Taxer of the nation.
When QI/LEN Area Mile to the
Tbroue, In 1701, the whole Ex pence'
of the year, including the interest ott
the llrllonal D. 41, amounted to 5t.5,610,987 Peace.
When Gentir.e I. came to the Throne,
in 1714, and just utter Queen-Acne had
been at isai sigma years . . 6,633,581 PROM
When GLattaa 11. mile to the Throne,
iu 1737 5,411,218 Peace.
Woos George 111. come to the Throne,
io 1260
After the END of the AMERIVIN WAR,
and at the be in of Pus's Admi-
ntstrati,,n, in 1704 . • . . 21,657,609 Peaty.
At the latter Bad of the last, et Am-
JACOPIN WAS, is 1801 . . 61,2711,016 War.
for the last year, that is, the year
1809 . . • . . £dtt,ol7e2lB 5 War.
Now, without any thing more than this, let me
ask any of you, to whom I address this letter,
whether you think it possible for the thing logo en
in this may for any great length of time S'—lf
the subject did not present so many considerations
to make us serious, it would be quite impossible to
refrain from laughing at the scrupulousness that
could put five shilling: and a penny three farthing:B
at the end of a sum of millions that it almost makes
one's head swim but el) think of. Leitglsable, how.

too 11,4$
.I)taq ; but of