disputed, and compare the interest paid by England with that paid by France:

Interest paid by France, funded and unfunded, for perpetuity or on lives,

after the tax of 10 per cent Interest paid by England, as stated by the author, p. 27

£6,500,000

4,600,000

£ 1,900,000

The author cannot complain, that I state the interest paid by England as too low. He takes it himself as the extremest term. Nobody who knows anything of the French finances will affirm that I state the interest paid by that kingdom too high. It might be easily proved to amount to a great deal more: even this is near two millions above what is paid by England.

There are three standards to judge of the good condition of a nation with regard to its finances. 1st, The relief of the people. 2nd, The equality of supplies to establishments. 3rd, The state of public credit. Try France on all these standards.

Although our author very liberally administers relief to the people of France, its government has not been altogether so gracious. Since the peace, she has taken off but a single vingtième, or shilling in the pound, and some small matter in the capitation. But, if the government has relieved them in one point, it has only burdened them the more heavily in another. The Taille,* that grievous and destructive imposition, which all their financiers lament, without being able to remove or to replace, has been aug

A tax rated by the intendant in each generality, on the presumed fortune of every person below the degree of a gentleman.

mented no less than six millions of livres, or 270,000 pounds English. A further augmentation of this or other duties is now talked of; and it is certainly necessary to their affairs: so exceedingly remote from either truth or verisimilitude is the author's amazing assertion, that the burdens of France in the war were in a great measure temporary, and must be greatly diminished by a few years of peace.

In the next place, if the people of France are not lightened of taxes, so neither is the state disburdened of charges. I speak from very good information, that the annual income of that state is at this day thirty millions of livres, or 1,350,000l. sterling, short of a provision for their ordinary peace establishment; so far are they from the attempt or even hope to discharge any part of the capital of their enormous debt. Indeed, under such extreme straitness and distraction labors the whole body of their finances, so far does their charge outrun their supply in every particular, that no man, I believe, who has considered their affairs with any degree of attention or information, but must hourly look for some extraordinary convulsion in that whole system: the effect of which on France, and even on all Europe, it is difficult to conjecture.

In the third point of view, their credit. Let the reader cast his eye on a table of the price of French funds, as they stood a few weeks ago, compared with the state of some of our English stocks, even in their present low condition:

This state of the funds of France and England is sufficient to convince even prejudice and obstinacy, that if France and England are not in the same condition (as the author affirms they are not) the dif ference is infinitely to the disadvantage of France. This depreciation of their funds has not much the air of a nation lightening burdens and discharging debts.

Such is the true comparative state of the two kingdoms in those capital points of view. Now as to the nature of the taxes which provide for this debt, as well as for their ordinary establishments, the author has thought proper to affirm that "they are comparatively light"; that " she has mortgaged no such oppressive taxes as ours"; his effrontery on this head is intolerable. Does the author recollect a single tax in England to which something parallel in nature, and as heavy in burden, does not exist in France: does he not know that the lands of the noblesse are still under the load of the greater part of the old feudal charges, from which the gentry of England have been relieved for upwards of a hundred years, and which were in kind, as well as burden, much worse than our modern land-tax? Besides that all the gentry of France serve in the army on very slender pay, and to the utter ruin of their fortunes, all those who are not noble have their lands heavily taxed. Does he not know that wine, brandy, soap, candles, leather, saltpetre, gunpowder, are taxed in France? Has he not heard that government in France has made a monopoly of that great article of salt? that they compel the people to take a certain quantity of it, and at a certain rate, both rate and quantity fixed at the arbitrary pleasure of the imposer?* that they pay in

* Before the war it was sold to, or rather forced on, the consumer

France the Taille, an arbitrary imposition on presumed property? that a tax is laid in fact and name, on the same arbitrary standard, upon the acquisitions of their industry? and that in France a heavy capitation-tax is also paid, from the highest to the very poorest sort of people? Have we taxes of such weight, or anything at all of the compulsion, in the article of salt? do we pay any taillage, any facultytax, any industry-tax? do we pay any capitation-tax whatsoever? I believe the people of London would fall into an agony to hear of such taxes proposed upon them as are paid at Paris. There is not a single article of provision for man or beast which enters that great city, and is not excised; corn, hay, meal, butcher's-meat, fish, fowls, everything. I do not here mean to censure the policy of taxes laid on the consumption of great luxurious cities. I only state the fact. We should be with difficulty brought to hear of a tax of 508. upon every ox sold in Smithfield. Yet this tax is paid in Paris. Wine, the lower sort of wine, little better than English small beer, pays 2d. a bottle.

We, indeed, tax our beer; but the imposition on small beer is very far from heavy. In no part of England are eatables of any kind the object of taxation. In almost every other country in Europe they are excised, more or less. I have by me the state of the revenues of many of the principal nations on the Continent; and, on comparing them with ours, I think I am fairly warranted to assert, that England is the most lightly taxed of any of the great states

at 11 sous, or about 5d. the pound. What it is at present, I am not informed. Even this will appear no trivial imposition. In London, salt may be had at a penny farthing per pound from the last retailer.

of Europe. They, whose unnatural and sullen joy arises from a contemplation of the distresses of their country, will revolt at this position. But if I am called upon, I will prove it beyond all possibility of dispute; even though this proof should deprive these gentlemen of the singular satisfaction of considering their country as undone; and though the best civil government, the best constituted, and the best managed revenue that ever the world beheld, should be thoroughly vindicated from their perpetual clamors and complaints. As to our neighbor and rival France, in addition to what I have here suggested, I say, and when the author chooses formally to deny, I shall formally prove it, that her subjects pay more than England, on a computation of the wealth of both countries; that her taxes are more injudiciously and more oppressively imposed; more vexatiously collected; come in a smaller proportion to the royal coffers, and are less applied by far to the public service. I am not one of those who choose to take the author's word for this happy and flourishing condition of the French finances, rather than attend to the changes, the violent pushes and the despair of all her own financiers. Does he choose to be referred for the easy and happy condition of the subject in France to the remonstrances of their own parliaments, written with such an eloquence, feeling, and energy, as I have not seen exceeded in any other writings? The author may say, their complaints are exaggerated, and the effects of faction. I answer, that they are the representations of numerous, grave, and most respectable bodies of men, upon the affairs of their own country. But, allowing that discontent and faction may pervert the judgment of such venerable bodies in France,