finding trade was dangerous, pursued the same
method: But the war continuing, and growing more expensive, taxes were
increased, and funds multiplied every year, till they have arrived at the
monstrous height we now behold them. And that which was at first a
corruption, is at last grown necessary, and what every good subject must
now fall in with, though he may be allowed to wish it might soon have an
end; because it is with a kingdom, as with a private fortune, where every
new incumbrance adds a double weight. By this means the wealth of the
nation, that used to be reckoned by the value of land, is now computed by
the rise and fall of stocks: and although the foundation of credit be
still the same, and upon a bottom that can never be shaken; and though
all interest be duly paid by the public, yet through the contrivance and
cunning of stock-jobbers, there has been brought in such a complication
of knavery and cozenage, such a mystery of iniquity, and such an
unintelligible jargon of terms to involve it in, as were never known in
any other age or country of the world. I have heard it affirmed by
persons skilled in these calculations, that if the funds appropriated to
the payment of interest and annuities, were added to the yearly taxes,
and the four-shilling aid[10] strictly exacted in all counties of the
kingdom, it would very near, if not fully, supply the occasions of the
war, at least such a part, as in the opinion of very able persons, had
been at that time prudence not to exceed. For I make it a question,
whether any wise prince or state, in the continuance of a war, which was
not purely defensive, or immediately at his own door, did ever propose
that his expense should perpetually exceed what he was able to impose
annually upon his subjects? Neither if the war lasts many years longer,
do I see how the next generation will be able to begin another, which in
the course of human affairs, and according to the various interests and
ambition of princes, may be as necessary for them as it has been for us.
And had our fathers left us as deeply involved as we are like to leave
our children, I appeal to any man, what sort of figure we should have
been able to make these twenty years past. Besides, neither our enemies,
nor allies, are upon the same foot with us in this particular. France and
Holland, our nearest neighbours, and the farthest engaged, will much
sooner recover themselves after a war. The first, by the absolute pow