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cess with which our Arms have hitherto been crowned, of the means which yet remain to us for vigourous exertion, and of the spirit and disposition of the Nation to maintain with constancy and courage a struggle, which, unless it be so maintained, can terminate no otherwise than in their destruction. Upon all these points, we have much to contradict, and much to establish and enforce.
In the eyes of those' men who read and believe whatever is presented to them by those Writers with whom France and French Freedom are all in all, the War has been throughout, to Great Britain, a War of unexampled disaster and disgrace—the Resources of the Country are exhausted to a degree which no industry can supply, and no time repair ;-and, as to the Spirit of the People, bowed down and crushed by the weight of their calamities, and by the sense of their oppressions, they have no feeling left but the desire of relief from whatever quarter, and on whatever terms. To this relief they see no road, but through an immediate and unconditional submission to the Enemy.
Upon every one of these points the truth is directly the reverse—but we do not, like those with whom we have to contend, require qur mere assertion to be received as conclusive.
The War, so far as Great Britain has been herself concerned in it, has been from the beginning, eminently glorious. That it has been so in a thousand particular instances, is universally felt. The general result has perhaps not been sufficiently considered. We shall present in our next Number, an Authentic Table of the Successes which have distinguished the Naval Campaigns of the last four years, beyond any period in the
History of this or any other Nation of the world. We shall accompany this document with a short summary of the Conduct of the War on the part of this Country, considered in a Naval, a Military, and a Financial point of view, and compared with former periods, and former wars. · We believe the Resources of the Country to be not only unexhausted, but abundantly flourishing, and with every promise of permanent productiveness fully adequate to the great exertions which the exigency of our situation does undoubtedly require. This opinion, however, we do not expect to be taken on trust. The state of the Revenue, if the accounts which we have seen can be relied upon, will justify our assertion as to the present Prosperity of the Country.
It rests with the public spirit, the industry, and the good sense, of the Inhabitants of this wealthy, powerful, and happy Kingdom, to fulfil to an equal degree, our confident anticipations of the future ; and by a wise and liberal application of the means which they possess, to the defence of the blessings which they enjoy, to secure the possession of those means, and the enjoyment of those blessings, to THEMSELVES and to their POSTERITY.
It seems generally understood, that a large proportion of the Supply of the ensuing year is intended to be defrayed by TREBLING the Assessed Taxes. We hope this supposition is well founded. If we are rightly informed,
a treble a treble rate would raise, in the course of the year, a sum not less than Seven Millions Sterling. This burden would be diffused among all the Householders of the Kingdom, according to as fair a criterion as any which we believe can be adopted: it would not, we are persuaded, amount to such a proportion of the annual expenditure of each individual, as to be thought a painful sacrifice, by any one who has a just notion of the value of the objects now at stake. By this measure, and by such a reduction of expence as the present scale of the War will probably admit of (without preventing the most vigorous and active exertions against the Enemy), the amount of the Loan may be reduced within moderate limits. No material present inconvenience can, in that case, be incurred from the addition to the Capital of our Funded Debt. Since the period of the last Loan, which took place in the Spring of the present year, a sum of nearly Three Millions Sterling will have been applied in the last three quarters to the extinction of the old Debt which then existed; and the sums applicable to the same purpose in the course of the year 1798, will be little short of the further sum of Four Millions. We hope, how. ever, that notwithstanding the rapid progress by which We are advancing in the discharge of the old Debt, Para liament will not suffer the Capital created by the new Loan to be a permanent burden on the Country. It will be much wiser, in our opinion, to determine at once to prolong the Treble Assessment, or any other extraordinary Taxes which may now be imposed, for such a period after the Peace as may be sufficient to extinguish the whole ada ditional Capital to be created by any fresh Loan.
In point of real economy, it is evident that such a measure would ultimately save to the Public more than VOL.I.
two, or perhaps three times the sum to be borrowed. This excess will be unavoidably sacrificed according to the ordinary mode of funding. · But what is of still more importance, it will at once convince the Enemy, that they can no longer hope to exhaust our Credit, by the continual accumulation of a Capital entailed upon the Country for a long period. The contest will be maintained either from Resources furnished within the year, or by Loans so soon to be repaid as not to affect our future situation.
In the detail of the plan, we understand it is intended, · for very obvious reasons, to make the last Assessment in the present year the rule according to which every man is to contribute in a treble proportion during the whole period of the Assessment; unless where persons who may have diminished their establishment in the articles on which the present Assessed Taxes are levied, shall declare that the amount of their disposable income is less than in some given proportion to the Tax. This regulation answers most of the comments we have seen in different Newspapers, objecting to the efficiency of the plan. Without some regulation of this sort, it is clear, that all persons who were disposed to evade contributing in a just proportion to the public necessities, might do so. They would reduce for that purpose the number of their servants, horses, or carriages, though their circumstances did not really require it. On the other hand, the allowing an abatement to those who shall accompany the reduction by a declaration of the real proportion of their income, will afford relief in all cases which might otherwise be attended with hardship.
It may perhaps also be thought right, that the less opulent classes (those who are charged under a certain sum in
the present Assessment, which sum must be specified in any Aet for the purpose,) should not be required to contribute to the full extent of a treble rate, but only in some Smaller proportion. Even in some of the higher classes, it may be possible to make some gradation in the scale according to which each is to contribute. But these details are of inferior consequence: the essential point, in our opinion, and which we think may be effectually accomplished by this scheme, is this, to provide for the Supplies in such a mode, as to prevent an inconvenient accumulation of Funded Debt, and by doing so, to disappoint and confound all the vain and presumptuous hopes and insolent menaces of our Enemy.
« The CHANCELLOR of the EXCHEQUER, in the Debate of Friday
“ last, complained that the use which the English Press made of " Liberty, was to transcribe French Sentiments and inculcate French “ Doctrines. He evidently alluded to the Translation of the Pro“ ceedings of tbe Assemblies, and perhaps particularly to the trans« lation of the Diatribe against England, which has been given “ to the pen of M. de TALLEYRAND. One can hardly conceive " a condition more deplorable for a Country, than where a Mini“ster complains of the Truth being fairly made public. To what " a state are we fallen, if the People of England are not to be “ fairly made acquainted with the sentiments even of their Ene“ mies!!" - Morning Chronicle, Monday, Nov. 13, 1797.
Having in our Introduction to This Paper, explained the reasons which will necessarily prevent our accumulating distinct instances of Falsehood and Misrepresentation in our earlier Numbers, we should yet have been