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appears that the money borrowed by government in
1799, fifteen millions, has been all repaid, besides
five per cent. interest per annum, except 3,513,0001.,
yet the public creditor holds the country as a debtor
for thirty-four millions for that transaction: is this
fair? and the loan of the preceding year 1,620,0001.
is already repaid in full, both principal and interest,
at five per cent., and some hundred thousands over,
yet, though entirely paid, the public creditor still
holds us for 3,669,3001. for that one transaction: is
this fair? .
Our government, in continuing to pay more than they
owe, are depriving themselves or their successors of
continuing the finances of the country should great
and extensive calamities befal the nation, which would
add greatly to the general distress and fall particularly
heavy on infancy, old age, and widowhood ; and it is
no pleasant thing to fancy ourselves exactly in the
same situation as insolvent governments .
Every principle of honour and interest demands that
the non-resident should be taxed in his property re-
the fundholder forfeited his claim on receipt of his
yet if all the unjust gain was suffered to go by
arrangement would clear off many millions a-year.
on their characters great odium; and this unjust
presses heavily upon them.
approaching nearer to equity in its every step, would
be practicable and very desirable.
TO THE KING
In presuming to dedicate the following pages to the honourable, magnanimous, and beloved King of England, as the head of that interesting family so important to the interests and welfare of my country, the writer is not altogether unmindful of the vast difference between the most potent of Sovereigns and a simple individual of his hundred million subjects: yet having always, so far as he recollects, felt cordially towards his king and country, and seeing, hearing, and reading of much crime
and much distress, particularly among the working classes, and apprehending that it is neither inherent in the nature of man, nor inseparable from his indispensable circumstances, and that it admits of easy remedy, he has endeavoured to exhibit some of his ideas on the subject, and earnestly, though with diffidence, entreats that they may not be altogether disregarded.
Surely this truth must be peculiarly interesting to the King, that, according to the talents bestowed, will be the fruits looked for; and if our King fully avail himself of his perhaps unprecedented opportunity of conferring happiness upon, and greatly increasing in every sense the respectability of millions, according to the great gifts of his mind, and the still greater gifts of his heart, how peculiarly interesting must be his situation, while the consciousness of even more than doubling the great benefit he has hitherto conferred upon the country would enhance every suitable